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ServiceNow

1,066 hedge funds and large institutions have $71.2B invested in ServiceNow in 2020 Q2 according to their latest regulatory filings, with 199 funds opening new positions, 469 increasing their positions, 300 reducing their positions, and 69 closing their positions.

New
Increased
Maintained
Reduced
Closed

188% more first-time investments, than exits

New positions opened: 199 | Existing positions closed: 69

56% more repeat investments, than reductions

Existing positions increased: 469 | Existing positions reduced: 300

39% more capital invested

Capital invested by funds: $51.2B → $71.2B (+$20.1B)

13% more funds holding

Funds holding: 9431,066 (+123)

5% more funds holding in top 10

Funds holding in top 10: 5558 (+3)

10.04% less ownership

Funds ownership: 470.47%460.43% (-10%)

25% less call options, than puts

Call options by funds: $1.46B | Put options by funds: $1.96B

Holders
1,066
Holders Change
+123
Holders Change %
+13.04%
% of All Funds
21.86%
Holding in Top 10
58
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+5.45%
% of All Funds
1.19%
New
199
Increased
469
Reduced
300
Closed
69
Calls
$1.46B
Puts
$1.96B
Net Calls
-$499M
Net Calls Change
-$79M
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of America
26
Bank of America
North Carolina
$578M -$10.6M -150,755 -2%
Wells Fargo
27
Wells Fargo
California
$574M +$11.5M +162,330 +2%
Goldman Sachs
28
Goldman Sachs
New York
$500M +$38.8M +549,485 +10%
UBS AM
29
UBS AM
Illinois
$491M +$11.5M +163,225 +3%
Legal & General Group
30
Legal & General Group
United Kingdom
$469M +$5.25M +74,320 +1%
Swedbank
31
Swedbank
Sweden
$457M +$180M +2,547,560 +82%
American Century Companies
32
American Century Companies
Missouri
$442M +$10.2M +144,090 +3%
Neuberger Berman Group
33
Neuberger Berman Group
New York
$396M -$30.5M -431,995 -8%
Allianz Asset Management
34
Allianz Asset Management
Germany
$367M -$84.6M -1,197,585 -21%
Charles Schwab
35
Charles Schwab
California
$364M +$3.79M +53,610 +1%
Sumitomo Mitsui Trust Group
36
Sumitomo Mitsui Trust Group
Japan
$351M +$14.9M +210,505 +5%
MCM
37
Melvin Capital Management
New York
$341M -$13.5M -191,050 -4%
SM
38
SCGE Management
California
$337M +$11.3M +160,000 +4%
TG
39
TCW Group
California
$330M -$19.5M -276,530 -6%
1832 Asset Management
40
1832 Asset Management
Ontario, Canada
$318M +$68.3M +967,400 +32%
Westfield Capital Management
41
Westfield Capital Management
Massachusetts
$305M -$1.82M -25,795 -0.7%
Swiss National Bank
42
Swiss National Bank
Switzerland
$304M +$6.67M +94,500 +3%
Tiger Global Management
43
Tiger Global Management
New York
$293M +$58.4M +826,500 +30%
CIP
44
Champlain Investment Partners
Vermont
$261M -$33.1M -468,985 -13%
GQG Partners
45
GQG Partners
Florida
$252M -$227M -3,216,730 -51%
Federated Hermes
46
Federated Hermes
Pennsylvania
$251M -$10.2M -144,480 -4%
Alkeon Capital Management
47
Alkeon Capital Management
New York
$251M +$212M +3,000,000 +3,000%
Holocene Advisors
48
Holocene Advisors
New York
$248M +$62.3M +881,640 +40%
Royal Bank of Canada
49
Royal Bank of Canada
Ontario, Canada
$240M +$42.4M +600,550 +25%
TD Asset Management
50
TD Asset Management
Ontario, Canada
$233M +$14.2M +201,485 +8%

NOW Hedge Fund Activity: Q2 2020 in Review

1,066 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in ServiceNow (NOW) for Q2 2020, worth a combined $71.2B — up 39% from $51.2B a quarter earlier.

Buyers outnumbered sellers: 199 funds opened new NOW positions and 69 closed out — a net gain of 130 holders — while 469 added to existing stakes and 300 trimmed.

The largest buyer was Capital Research Global Investors, adding an estimated $244M. The largest seller was Morgan Stanley, cutting an estimated $874M.

  • 1,066 institutional investors held ServiceNow (NOW) as of Q2 2020, up from 943 in Q1 2020.
  • Funds reported $71.2B of ServiceNow stock for Q2 2020, up 39% quarter-over-quarter.
  • 199 funds opened new ServiceNow positions in Q2 2020 and 69 closed out, a net change of +130 holders.
  • The largest ServiceNow buyer in Q2 2020 was Capital Research Global Investors, an estimated $244M added.
  • The largest ServiceNow seller in Q2 2020 was Morgan Stanley, an estimated $874M sold.

Based on aggregated 13F filings for Q2 2020.