May 16, 2026 reports show increased institutional ownership in Reddit, Inc. (RDDT).
Bessemer Group Inc. acquired 458,881 shares. Total holdings reached 458,911 shares. The stake totals approximately $105.5 million.
Thrivent Financial for Lutherans established a new position of 288,802 shares. The holding totals approximately $66.4 million.
Quarterly 13F filings disclose previous-quarter activity. These filings follow Reddit's April 30 report of first-quarter 2026 earnings. Earnings surpassed analyst expectations.
A May 16 analysis identifies AI-powered revenue growth as a future catalyst. Expanding data-licensing deals also serve as growth drivers.