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ServiceNow

1,563 hedge funds and large institutions have $100B invested in ServiceNow in 2023 Q3 according to their latest regulatory filings, with 164 funds opening new positions, 611 increasing their positions, 572 reducing their positions, and 84 closing their positions.

New
Increased
Maintained
Reduced
Closed

95% more first-time investments, than exits

New positions opened: 164 | Existing positions closed: 84

4% more funds holding

Funds holding: 1,5011,563 (+62)

7% more repeat investments, than reductions

Existing positions increased: 611 | Existing positions reduced: 572

1% less capital invested

Capital invested by funds: $102B → $100B (-$1.04B)

4% less funds holding in top 10

Funds holding in top 10: 7168 (-3)

4.64% less ownership

Funds ownership: 443.96%439.31% (-4.6%)

26% less call options, than puts

Call options by funds: $1.36B | Put options by funds: $1.85B

Holders
1,563
Holders Change
+62
Holders Change %
+4.13%
% of All Funds
24.8%
Holding in Top 10
68
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-4.23%
% of All Funds
1.08%
New
164
Increased
611
Reduced
572
Closed
84
Calls
$1.36B
Puts
$1.85B
Net Calls
-$491M
Net Calls Change
-$607M
Name Holding Trade Value Shares
Change
Change in
Stake
UBS AM
26
UBS AM
Illinois
$863M +$126M +1,100,280 +17%
GQG Partners
27
GQG Partners
Florida
$832M -$23.7M -207,730 -3%
DZ Bank
28
DZ Bank
Germany
$829M +$216M +1,894,515 +34%
Winslow Capital Management
29
Winslow Capital Management
Minnesota
$781M -$16.4M -143,770 -2%
Fisher Asset Management
30
Fisher Asset Management
Washington
$753M -$13.5M -118,375 -2%
Legal & General Group
31
Legal & General Group
United Kingdom
$737M -$32.2M -281,985 -4%
Swedbank
32
Swedbank
Sweden
$647M +$7.41M +64,925 +1%
Charles Schwab
33
Charles Schwab
California
$621M +$7.88M +69,085 +1%
Royal Bank of Canada
34
Royal Bank of Canada
Ontario, Canada
$568M -$13.1M -114,715 -2%
Barclays
35
Barclays
United Kingdom
$563M +$35.9M +314,250 +7%
SM
36
SCGE Management
California
$552M
Neuberger Berman Group
37
Neuberger Berman Group
New York
$513M +$41.5M +363,515 +9%
VOYA Investment Management
38
VOYA Investment Management
Georgia
$482M -$444M -3,890,370 -47%
Wells Fargo
39
Wells Fargo
California
$451M +$915K +8,020 +0.2%
Ameriprise
40
Ameriprise
Minnesota
$450M -$52.2M -457,180 -10%
Amundi
41
Amundi
France
$435M +$36.2M +317,720 +9%
Goldman Sachs
42
Goldman Sachs
New York
$429M -$352M -3,086,865 -45%
AI
43
Axiom Investors
Connecticut
$425M +$18.9M +165,765 +5%
TD Asset Management
44
TD Asset Management
Ontario, Canada
$397M -$41.6M -364,690 -9%
Envestnet Asset Management
45
Envestnet Asset Management
Illinois
$397M +$87.4M +765,685 +27%
1832 Asset Management
46
1832 Asset Management
Ontario, Canada
$383M -$35.2M -308,210 -8%
SGA
47
Sustainable Growth Advisers
Connecticut
$378M -$1.33M -11,675 -0.3%
Deutsche Bank
48
Deutsche Bank
Germany
$375M +$12.6M +110,335 +3%
Swiss National Bank
49
Swiss National Bank
Switzerland
$366M -$46M -403,500 -11%
Tiger Global Management
50
Tiger Global Management
New York
$332M -$14.9M -130,700 -4%

NOW Hedge Fund Activity: Q3 2023 in Review

1,563 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in ServiceNow (NOW) for Q3 2023, worth a combined $100B — down 1% from $102B a quarter earlier.

Buyers outnumbered sellers: 164 funds opened new NOW positions and 84 closed out — a net gain of 80 holders — while 611 added to existing stakes and 572 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $340M. The largest seller was T. Rowe Price Associates, cutting an estimated $756M.

  • 1,563 institutional investors held ServiceNow (NOW) as of Q3 2023, up from 1,501 in Q2 2023.
  • Funds reported $100B of ServiceNow stock for Q3 2023, down 1% quarter-over-quarter.
  • 164 funds opened new ServiceNow positions in Q3 2023 and 84 closed out, a net change of +80 holders.
  • The largest ServiceNow buyer in Q3 2023 was Fidelity Investments, an estimated $340M added.
  • The largest ServiceNow seller in Q3 2023 was T. Rowe Price Associates, an estimated $756M sold.

Based on aggregated 13F filings for Q3 2023.