These funds have 10s of billions of dollars of investments, a few tens of millions here or there does not have significant tax implications.<p>Here&#x27;s one of the Fidelity funds invested in Snapchat:<p><a href="https:&#x2F;&#x2F;fundresearch.fidelity.com&#x2F;mutual-funds&#x2F;composition&#x2F;316200104" rel="nofollow">https:&#x2F;&#x2F;fundresearch.fidelity.com&#x2F;mutual-funds&#x2F;composition&#x2F;3...</a><p>It&#x27;s got $40 billion under management.<p>There&#x27;s a document findable from there that lists their Snapchat investment as $10 million (Prospectus and Reports-&gt;Monthly Holdings report).<p>The number 1 holding of that fund is  $2,192,901,654 of Apple. So they get roughly $10 million each time Apple pays a quarterly dividend.