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ServiceNow

1,501 hedge funds and large institutions have $102B invested in ServiceNow in 2023 Q2 according to their latest regulatory filings, with 190 funds opening new positions, 615 increasing their positions, 489 reducing their positions, and 89 closing their positions.

New
Increased
Maintained
Reduced
Closed

113% more first-time investments, than exits

New positions opened: 190 | Existing positions closed: 89

26% more repeat investments, than reductions

Existing positions increased: 615 | Existing positions reduced: 489

21% more capital invested

Capital invested by funds: $84B → $102B (+$17.5B)

18% more funds holding in top 10

Funds holding in top 10: 6071 (+11)

7% more funds holding

Funds holding: 1,4071,501 (+94)

7% more call options, than puts

Call options by funds: $1.74B | Put options by funds: $1.62B

0.79% less ownership

Funds ownership: 444.74%443.96% (-0.79%)

Holders
1,501
Holders Change
+94
Holders Change %
+6.68%
% of All Funds
23.57%
Holding in Top 10
71
Holding in Top 10 Change
+11
Holding in Top 10 Change %
+18.33%
% of All Funds
1.11%
New
190
Increased
615
Reduced
489
Closed
89
Calls
$1.74B
Puts
$1.62B
Net Calls
+$116M
Net Calls Change
+$86.4M
Name Holding Trade Value Shares
Change
Change in
Stake
Handelsbanken Fonder
226
Handelsbanken Fonder
Sweden
$32.3M +$3.41M +34,075 +13%
LA
227
LBP AM
France
$32.2M -$5.38M -53,790 -16%
National Bank of Canada
228
National Bank of Canada
Quebec, Canada
$32.2M +$13.1M +131,015 +84%
VEPM
229
Vista Equity Partners Management
California
$31.7M -$4.06M -40,560 -13%
TRSOTSOK
230
Teachers Retirement System of the State of Kentucky
Kentucky
$31.6M -$2.39M -23,915 -8%
SOMRS
231
State of Michigan Retirement System
Michigan
$31.5M +$150K +1,500 +0.5%
IG
232
Ithaka Group
Virginia
$31.5M -$3.89M -38,920 -12%
CIBC World Market
233
CIBC World Market
Ontario, Canada
$30.6M +$11.4M +114,025 +72%
AIM
234
Avity Investment Management
Connecticut
$30.5M +$2.3M +22,965 +9%
AB
235
Amalgamated Bank
New York
$30.5M -$563K -5,635 -2%
NSLI
236
Nan Shan Life Insurance
Taiwan
$30.3M -$9.18M -91,860 -25%
VCM
237
Valiant Capital Management
California
$29.8M -$3M -30,000 -10%
CCM
238
CloudAlpha Capital Management
Hong Kong
$29.7M +$26.4M +264,300 New
PI
239
PineBridge Investments
New York
$29.6M -$25M -249,865 -49%
State of Tennessee, Department of Treasury
240
State of Tennessee, Department of Treasury
Tennessee
$29.4M
Cerity Partners
241
Cerity Partners
New York
$29M +$3.15M +31,515 +14%
D.E. Shaw & Co
242
D.E. Shaw & Co
New York
$28.9M -$211M -2,114,870 -89%
Teacher Retirement System of Texas
243
Teacher Retirement System of Texas
Texas
$28.2M -$8.31M -83,125 -25%
TAM
244
Trillium Asset Management
Massachusetts
$27.6M +$24.6M +245,945 New
Vontobel Holding
245
Vontobel Holding
Switzerland
$27M +$732K +7,320 +3%
GF
246
Gabelli Funds
New York
$26.9M +$442K +4,425 +2%
GGHC
247
Gilder Gagnon Howe & Co
New York
$26.9M -$573K -5,730 -2%
CISOA
248
Capital Investment Services of America
Wisconsin
$26.7M +$123K +1,235 +0.5%
AQR Capital Management
249
AQR Capital Management
Connecticut
$26.6M -$1.84M -18,440 -7%
X
250
Xponance
Pennsylvania
$26.4M +$285K +2,855 +1%

NOW Hedge Fund Activity: Q2 2023 in Review

1,501 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in ServiceNow (NOW) for Q2 2023, worth a combined $102B — up 21% from $84B a quarter earlier.

Buyers outnumbered sellers: 190 funds opened new NOW positions and 89 closed out — a net gain of 101 holders — while 615 added to existing stakes and 489 trimmed.

The largest buyer was Jennison Associates, opening a new position worth an estimated $1B. The largest seller was T. Rowe Price Associates, cutting an estimated $815M.

  • 1,501 institutional investors held ServiceNow (NOW) as of Q2 2023, up from 1,407 in Q1 2023.
  • Funds reported $102B of ServiceNow stock for Q2 2023, up 21% quarter-over-quarter.
  • 190 funds opened new ServiceNow positions in Q2 2023 and 89 closed out, a net change of +101 holders.
  • The largest ServiceNow buyer in Q2 2023 was Jennison Associates, an estimated $1B added.
  • The largest ServiceNow seller in Q2 2023 was T. Rowe Price Associates, an estimated $815M sold.

Based on aggregated 13F filings for Q2 2023.