https://www.cnbc.com/2017/11/14/two-top-snap-investors-bought-more-shares-this-quarter-despite-disappointing-numbers.html

Fidelity Investments and technology-focused hedge fund Coatue Management boosted their stakes in social media company Snap during the third quarter, despite Snap's disappointing results, regulatory filings showed on Tuesday.

Companies controlled by Fidelity held 11 million more Snap shares than during the prior quarter, while Coatue increased its stake by 1.7 million shares. Fidelity is the company's sixth-largest shareholder, while Coatue is the seventh largest, according to Thomson Reuters data.