Snap-on Incorporated

The full register, from 13F filings

The Register tab above is hand research: a dozen holders, each traced to the filing it came from. This asks the same question of the whole market for the quarter ended 31-mar-2026, where 1,032 managers reported a position. Broad where the research is deep, and shallow in the ways a 13F always is.

Built from 13F filings, which report US listed, long, US custodied positions only. A register from this source is a floor rather than a level: a holder's true position can be far larger, as BlackRock's ASML stake shows at 1.28m shares in a 13F against 26.3m in its 13G/A. Holdings held through derivatives, outside US custody, or below a manager's reporting obligation do not appear. Where a holder is marked as a family, its total sums several separate filing entities and describes something no single filing describes; the constituent entities and their share counts are listed so the total can be checked. That roll-up can legitimately exceed the family's own Schedule 13G, because a 13G is filed by one legal entity: Vanguard reports Alphabet through ten advisory entities, and The Vanguard Group Inc itself reported zero after its January 2026 disaggregation.

What a reader needs to know to read these numbers

• HOLDINGS SIDE: EMPTY, and this is a sourced finding rather than a gap. Searched the FY2025 10-K (filed 12 Feb 2026, fiscal year ended 3 Jan 2026) and the Q2 2026 10-Q (filed 23 Jul 2026, fiscal quarter ended 4 Jul 2026) for 'equity method', 'unconsolidated', 'joint venture', 'noncontrolling interest', 'variable interest entity', 'nonmarketable'/'non-marketable', 'cost method', 'minority interest' and 'investments in'. No named equity-method investee, unconsolidated joint venture, or non-marketable equity security was found in either filing. The 10-K's only 'joint venture' hit is generic risk-factor boilerplate ('participation in joint ventures' as a category of acquisition risk), not a disclosure of an actual held venture. Note 1 (Summary of Accounting Policies, Principles of consolidation and presentation) states: 'The Consolidated Financial Statements include the accounts of Snap-on Incorporated and its wholly-owned and majority-owned subsidiaries... The Consolidated Financial Statements do not include the accounts of the company's independent franchisees.' This is a fully consolidated industrial manufacturer with no disclosed minority equity stake in any other company.
• FINANCIAL SERVICES BOOK EXPLICITLY EXCLUDED. Financial Services consists of Snap-on Credit LLC ('SOC'), described in the Q2 2026 10-Q as the company's US financial services operation, plus international finance subsidiaries, which originate extended-term finance and contract receivables on tool and diagnostics sales to franchisees' customers (predominantly vehicle repair technicians) and business/vehicle loans and leases to franchisees themselves. These financing programs are offered 'through Snap-on's wholly owned finance subsidiaries' (10-K, Note 1). This is Snap-on financing its own franchisees and their customers' purchases, a receivables book, not a set of equity stakes in other companies, and is correctly excluded from holdings per the brief's PACCAR/HPE precedent.
• FRANCHISE NETWORK EXCLUDED. Snap-on sells tools and diagnostics primarily through a network of independent franchisee vans; the 10-K explicitly states the Consolidated Financial Statements 'do not include the accounts of the company's independent franchisees.' A franchise or dealer relationship is not an equity stake, per the brief's Genuine Parts/NAPA precedent, and no franchisee entity is consolidated or equity-accounted.
• NONCONTROLLING INTERESTS RUN THE OPPOSITE DIRECTION FROM A HOLDING. The balance sheet in both the FY2025 10-K and the Q2 2026 10-Q carries 'Noncontrolling interests' of $25.0 million (FY2025 year end) / unspecified but continuing at Q2 2026, inside consolidated Total equity. Per Note 1, Snap-on consolidates its wholly-owned AND majority-owned subsidiaries; the noncontrolling interest line represents OTHER parties' minority stakes IN Snap-on's own majority-owned subsidiaries (direction: outside parties hold equity in a Snap-on subsidiary), not Snap-on holding equity in another company. No specific majority-owned-but-not-wholly-owned subsidiary is named in either filing; this is a small, generic consolidation-accounting balance and is excluded from holdings.
• MARKETABLE SECURITIES: not separately searched as a distinct note in the filings reviewed; no debt or equity investment note beyond the items above was found.
• NO STOCK SPLIT WITHIN THE WINDOW OF ANY SOURCE USED. 'stock split', 'forward split', 'reverse split' and 'two-for-one' all return zero hits in the FY2025 10-K (filed 12 Feb 2026), the most recent annual filing searched. No restatement onto a common basis was needed; the 51,727,124 shares outstanding (10-Q cover page, 17 Jul 2026) and all Q2 2026 13F share counts used here are already on the same, current basis.
• FOUNDING FAMILY: none found, and this was checked directly. Snap-on was founded in 1920 by Joseph Johnson and William Seidemann; the company is now 106 years old. The proxy's 5-percent-holder table lists only two institutional holders (Vanguard and BlackRock, both from stale 2024-dated Schedule 13G/As), no individual or family. Every Schedule 13D/13G filed against Snap-on's own CIK 0000091440 back to 2019 is a 13G/A from an institutional index or active manager; none is filed by a founding family, trust, or foundation. The largest individual holding in the entire proxy is CEO and Chairman Nicholas T. Pinchuk's 1,352,712 shares (2.6%), an accumulated executive equity stake (he joined Snap-on in 1980s/became President and COO, then CEO in 2007), not an inherited founding-family position. No PACCAR-style Pigott descendant, no Walmart-style founding vehicle, and no company foundation appears as a shareholder anywhere in the proxy. This is the clean negative case: no founding-family or foundation holding exists on either side of the officers group.
• Vanguard: parent CIK 0000102909 files Form 13F-NT (no holdings) each quarter, so per the project rule the position is the SUM of successor filers. All 8 successor entities that appear in this project's own Q1 2026 bulk register for SNA (data/registers/SNA.json) were checked individually for Q2 2026; 7 of the 8 held SNA shares and 1 (Vanguard National Trust Co) held zero. Summed to 6,609,715 shares. See the Vanguard row's method_note for the entity-by-entity breakdown, CIKs, and per-entity values.
• T. Rowe Price: both CIKs checked for Q2 2026. Both T. Rowe Price Associates, Inc. (0000080255) and the separate registrant T. Rowe Price Investment Management, Inc. (0001897612) held SNA and both report their info-table dollar values in THOUSANDS (a trap this project has now caught on multiple companies); both were rescaled by a factor of 1,000 to match the ~$402.4/share price implied by every other Q2 2026 13F row in this file.
• Capital Group: all three CIKs this project's brief documents (Capital World Investors, Capital Research Global Investors, Capital International Investors) were checked for Q2 2026 and NONE currently holds SNA (Capital World Investors' info table contains a 'SNAP INC' row under a different CUSIP, 83304A106, which is Snap Inc, the social media company, not Snap-on; confirmed by direct inspection of the raw XML to rule out a name-fragment false positive). A null row is carried in the register rather than omitting Capital Group silently, since the brief documents Capital Group as a recurring cross-check family for this project and a reader should see that it was checked and found absent, not simply missing.
• Self-gate, computed on this final file exactly as the chart formula computes it: 12 register rows. The insider aggregate row has no rolls_up_into members recorded against it (individual director/officer holdings are described in its method_note but not broken out as separate rows, since doing so would only redistribute the same total with a zero residual), so it counts at full value like every other row. The Capital Group row carries null shares and contributes 0. Sum of shares: Vanguard 6,609,715 + BlackRock 4,262,831 + State Street 2,356,671 + Schwab 1,811,536 + Geode 1,678,958 + Northern Trust 801,399 + Morgan Stanley 788,812 + Norges Bank 663,806 + JPMorgan 256,482 + T. Rowe Price 157,289 + FMR 33,394 + Officers/Directors group 2,031,958 = 21,452,851 shares, or 41.47% of 51,727,124 shares outstanding. This falls within the brief's expected 25-45% band. Checked for the usual causes of an inflated or deflated total and found none: every Q2 2026 13F row implies the same ~$398-402 per share (30 Jun 2026 valuation date), confirming the T. Rowe Price thousands-scaling correction was applied correctly and no other unit mismatch survived; Vanguard and T. Rowe Price were each summed once as families, not double counted against any successor entity; the insider aggregate's named members were not added on top of the container.
• Single class of common stock, $1.00 par value, one vote per share; no dual-class or supervoting structure found in the 10-K, 10-Q or proxy.
• Capital Group is deliberately NOT a register row: all three of its CIKs were checked for Q2 2026 and none holds Snap-on. It was originally written as a row with shares null to document that the check was done rather than skipped, which is the right instinct but the wrong mechanism: in this database null means NOT SIZED, so a null row renders a confirmed zero-holder as a current holder of unknown size. The chunk prompt's rule that an exited holder is a note rather than a row covers a checked-and-confirmed-zero holder equally, and Nasdaq's file had to be corrected the same way for carrying Thoma Bravo at null after a full exit. The check itself is preserved here. Original method_note follows verbatim, and it contains a name-collision catch worth keeping: Capital World Investors' information table carries a SNAP INC row, which is Snap Inc. the social media company, NOT Snap-on Incorporated, and matching on the fragment alone would have invented a holder. || EXITED / not currently held (per the three CIKs checked). All three of the Capital Group entities this project's brief documents were checked for Q2 2026 and NONE holds SNA: Capital World Investors (CIK 0001422849) info table has a 'SNAP INC' row (CUSIP 83304A106, a different company) but no 'SNAP-ON INC' row (CUSIP 833034101); Capital Research Global Investors (CIK 0001422848) has no CUSIP 833034101 row; Capital International Investors (CIK 0001562230, accession 0001562230-26-000107, filed 12 Aug 2026) has no CUSIP 833034101 row across 446 lines. This project's own chunk notes that Capital Group can report through as many as six registrants (TransDigm finding), so a position could exist in an entity beyond these three; none was checked. No row is charted (shares/pct left null) since no current holding was confirmed.
• COORDINATOR EDGE BACKFILL, 19 Aug 2026: Cincinnati Financial Corporation was added to this register at 474,164 shares (0.9167%), verified by re-summing its five affiliated 13F registrants first-hand rather than copying the figure from cincinnati-financial.json. The charted register total moves from 21,452,851 (41.47%) to 21,927,015 (42.39%). It was found by investigating a SIZED crosscheck BACKFILL line, which this project treats as a real miss rather than noise: the chunk prompt records two earlier sized lines, berkshire to delta-air-lines and nvidia to coherent, that both turned out to be genuine missing holders. Twenty-six further Cincinnati Financial backfill lines were investigated at the same time and deliberately NOT actioned, because those stakes sit far below the target's own register threshold; this one does not.