ServiceNow
NOW
265 hedge funds and large institutions have $7.01B invested in ServiceNow in 2014 Q1 according to their latest regulatory filings, with 55 funds opening new positions, 119 increasing their positions, 64 reducing their positions, and 24 closing their positions.
129% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 24
86% more repeat investments, than reductions
Existing positions increased: 119 | Existing positions reduced: 64
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
12% more funds holding
Funds holding: 237 → 265 (+28)
7.51% more ownership
Funds ownership: 408.46% → 415.96% (+7.5%)
4% less capital invested
Capital invested by funds: $7.32B → $7.01B (-$307M)
53% less call options, than puts
Call options by funds: $34.4M | Put options by funds: $73.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TG
TCW Group
Los Angeles,
California
|
+$104M |
| 2 |
GP
GLG Partners
London,
United Kingdom
|
+$91.2M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$84.5M |
| 4 |
PHS
PFM Health Sciences
San Francisco,
California
|
+$71.2M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$54.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$254M |
| 2 |
IIS
Ignis Investment Services
Edinburgh,
United Kingdom
|
-$200M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$145M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$93.7M |
| 5 |
Winslow Capital Management
Minneapolis,
Minnesota
|
-$68.3M |
NOW Hedge Fund Activity: Q1 2014 in Review
265 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in ServiceNow (NOW) for Q1 2014, worth a combined $7.01B — down 4.2% from $7.32B a quarter earlier.
Buyers outnumbered sellers: 55 funds opened new NOW positions and 24 closed out — a net gain of 31 holders — while 119 added to existing stakes and 64 trimmed.
The largest buyer was TCW Group, adding an estimated $104M. The largest seller was T. Rowe Price Associates, cutting an estimated $254M.
- 265 institutional investors held ServiceNow (NOW) as of Q1 2014, up from 237 in Q4 2013.
- Funds reported $7.01B of ServiceNow stock for Q1 2014, down 4.2% quarter-over-quarter.
- 55 funds opened new ServiceNow positions in Q1 2014 and 24 closed out, a net change of +31 holders.
- The largest ServiceNow buyer in Q1 2014 was TCW Group, an estimated $104M added.
- The largest ServiceNow seller in Q1 2014 was T. Rowe Price Associates, an estimated $254M sold.
Based on aggregated 13F filings for Q1 2014.