Summary by Futu AI
The Vanguard Group has filed an amended Schedule 13G/A with the Securities and Exchange Commission on November 12, 2024, indicating a significant ownership stake in Snowflake Inc. As of September 30, 2024, The Vanguard Group reported beneficial ownership of 27,154,056 shares of Snowflake's common stock, representing 8.10% of the company's class of securities. The filing details that The Vanguard Group has shared voting power over 242,933 shares and sole dispositive power over 26,368,621 shares, with an additional shared dispositive power over 785,435 shares. The Vanguard Group, based in Pennsylvania, is an investment adviser and reports that the securities are not held for the purpose of changing or influencing the control of Snowflake Inc, nor in connection with any transaction having that purpose or effect.