TSP Weekly Tech Stock Update—Aug 23, 2025

This Week: GOOGL new all-time high, U new 52-wk high, PANW delivers strong FQ4 results, CRWD/MDB earnings previews, NTNX outlook could be conservative, WDAY buys Paradox, Piper bullish on AVGO & more.

Hello from Rob…

—In Q2, Winslow Capital Management was the #1 buyer of Snowflake (SNOW, $196.81), opening a new position of 3.242 million shares. During Q2, Snowflake stock traded as low as $120.10 (April 7) and as high as $225.68 (June 25).

Fidelity was among the biggest Q2 buyers, boosting its Snowflake position by 56% with the purchase of 2.902 million shares. The firm now owns 8.026 million shares, putting it among the top 5 holders.

Jennison Associates, the #6 holder, added 1.363 million shares, lifting its stake by 20% to 8.0 million shares. Artisan Partners, the #8 holder, increased its position by 15% to 4.951 million shares.

*Inside This Issue: Snowflake Earnings Preview

—Paid subscribers will receive the September 2025 PDF of Tech-Stock Prospector (TSP #283) via email on Tuesday, September 9.

—Paid subscribers have access to the TSP Market Overview and TSP Portfolio Updates sections inside this issue.