Tenere Capital’s ServiceNow NOW Stock Holding History

Tenere Capital’s Portfolio NOW Stock Details NOW Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-99,005	Closed	-$18.2M	–	29
2025 Q3	$18.2M	Buy	99,005 +11,005	+13%	+$2.06M	4.3%	11
2025 Q2	$18.1M	Hold	88,000	–	–	4.63%	11
2025 Q1	$14M	Buy	+88,000	New	+$17M	3.86%	12
2024 Q3	–	Sell	-88,345	Closed	-$13.9M	–	31
2024 Q2	$13.9M	Buy	88,345 +28,490	+48%	+$4.18M	4.13%	10
2024 Q1	$9.13M	Sell	59,855 -21,330	-26%	-$3.23M	2.72%	20
2023 Q4	$11.5M	Buy	81,185 +22,640	+39%	+$2.85M	3.75%	15
2023 Q3	$6.54M	Buy	58,545 +7,045	+14%	+$804K	2.52%	21
2023 Q2	$5.79M	Sell	51,500 -47,115	-48%	-$4.71M	2.84%	22
2023 Q1	$9.17M	Sell	98,615 -77,600	-44%	-$6.76M	4.79%	6
2022 Q4	$13.7M	Buy	176,215 +5,775	+3%	+$451K	6.06%	3
2022 Q3	$12.9M	Buy	170,440 +20,500	+14%	+$1.85M	6.26%	3
2022 Q2	$14.3M	Buy	149,940 +265	+0.2%	+$25.3K	6.71%	3
2022 Q1	$16.7M	Sell	149,675 -14,315	-9%	-$1.6M	6.39%	4
2021 Q4	$21.3M	Buy	+163,990	New	+$21.5M	8.45%	1

Other funds holding NOW

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

JP Morgan Chase New York $1.81T AUM 41.13% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $999B AUM 46.22% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

UBS AM Chicago, Illinois $550B AUM 43.33% 1-Year Est. Return

Norges Bank Oslo, Norway $1T AUM

Tenere Capital's NOW Position: Q4 2025 in Review

Tenere Capital sold out of ServiceNow (NOW) in Q4 2025, closing a stake of 99,005 shares — an estimated $18.2M sold.

Tenere Capital first reported a position in NOW in Q4 2021 and held it in 14 quarters. The position peaked at $21.3M in Q4 2021. 2,321 funds tracked by Wall St. Rank hold NOW as of Q4 2025.

Tenere Capital reported no remaining ServiceNow position as of Q4 2025 after selling out during the quarter.
Tenere Capital sold 99,005 ServiceNow shares in Q4 2025, an estimated $18.2M.
Tenere Capital first reported a position in ServiceNow in Q4 2021 and held it in 14 quarters.
Tenere Capital's ServiceNow position peaked at $21.3M in Q4 2021.
2,321 funds tracked by Wall St. Rank held ServiceNow as of Q4 2025.

Based on Tenere Capital's 13F filing for Q4 2025, filed 17 Feb 2026.