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ServiceNow

1,817 hedge funds and large institutions have $136B invested in ServiceNow in 2024 Q1 according to their latest regulatory filings, with 191 funds opening new positions, 764 increasing their positions, 637 reducing their positions, and 98 closing their positions.

New
Increased
Maintained
Reduced
Closed

95% more first-time investments, than exits

New positions opened: 191 | Existing positions closed: 98

20% more repeat investments, than reductions

Existing positions increased: 764 | Existing positions reduced: 637

4% more funds holding

Funds holding: 1,7501,817 (+67)

3% more capital invested

Capital invested by funds: $132B → $136B (+$3.8B)

20.6% less ownership

Funds ownership: 457.03%436.43% (-21%)

21% less funds holding in top 10

Funds holding in top 10: 8769 (-18)

30% less call options, than puts

Call options by funds: $2.46B | Put options by funds: $3.5B

Holders
1,817
Holders Change
+67
Holders Change %
+3.83%
% of All Funds
26.17%
Holding in Top 10
69
Holding in Top 10 Change
-18
Holding in Top 10 Change %
-20.69%
% of All Funds
0.99%
New
191
Increased
764
Reduced
637
Closed
98
Calls
$2.46B
Puts
$3.5B
Net Calls
-$1.03B
Net Calls Change
-$183M
Name Holding Trade Value Shares
Change
Change in
Stake
AllianceBernstein
26
AllianceBernstein
Tennessee
$1.11B -$166M -1,092,400 -13%
Fisher Asset Management
27
Fisher Asset Management
Washington
$1.11B +$4.67M +30,845 +0.4%
Sands Capital Management
28
Sands Capital Management
Virginia
$1.09B -$203M -1,342,245 -16%
Legal & General Group
29
Legal & General Group
United Kingdom
$1.02B +$12.8M +84,200 +1%
Barclays
30
Barclays
United Kingdom
$927M +$165M +1,091,055 +22%
GQG Partners
31
GQG Partners
Florida
$887M -$90.5M -597,610 -9%
Charles Schwab
32
Charles Schwab
California
$884M +$7.62M +50,290 +0.9%
Royal Bank of Canada
33
Royal Bank of Canada
Ontario, Canada
$799M -$32.1M -211,605 -4%
Deutsche Bank
34
Deutsche Bank
Germany
$777M +$80.6M +531,870 +12%
Goldman Sachs
35
Goldman Sachs
New York
$758M -$24.5M -161,760 -3%
SM
36
SCGE Management
California
$753M
VOYA Investment Management
37
VOYA Investment Management
Georgia
$701M -$65.5M -432,490 -9%
Amundi
38
Amundi
France
$650M +$76.1M +502,115 +13%
Winslow Capital Management
39
Winslow Capital Management
Minnesota
$610M -$88.3M -583,005 -13%
Wells Fargo
40
Wells Fargo
California
$608M -$11.5M -75,795 -2%
Ameriprise
41
Ameriprise
Minnesota
$599M +$31.5M +207,605 +6%
UBS Group
42
UBS Group
Switzerland
$525M +$138M +908,005 +36%
ClearBridge Investments
43
ClearBridge Investments
New York
$508M +$14.8M +97,800 +3%
Envestnet Asset Management
44
Envestnet Asset Management
Illinois
$502M -$49.9M -329,370 -9%
Swiss National Bank
45
Swiss National Bank
Switzerland
$468M -$18.9M -124,500 -4%
Tiger Global Management
46
Tiger Global Management
New York
$442M
Sumitomo Mitsui Trust Group
47
Sumitomo Mitsui Trust Group
Japan
$417M -$383K -2,530 -0.1%
Millennium Management
48
Millennium Management
New York
$403M +$352M +2,325,355 +728%
HSBC Holdings
49
HSBC Holdings
United Kingdom
$398M +$45.4M +299,725 +13%
Neuberger Berman Group
50
Neuberger Berman Group
New York
$387M -$111M -731,370 -22%

NOW Hedge Fund Activity: Q1 2024 in Review

1,817 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in ServiceNow (NOW) for Q1 2024, worth a combined $136B — up 2.9% from $132B a quarter earlier.

Buyers outnumbered sellers: 191 funds opened new NOW positions and 98 closed out — a net gain of 93 holders — while 764 added to existing stakes and 637 trimmed.

The largest buyer was JP Morgan Chase, adding an estimated $890M. The largest seller was Morgan Stanley, cutting an estimated $5.36B.

  • 1,817 institutional investors held ServiceNow (NOW) as of Q1 2024, up from 1,750 in Q4 2023.
  • Funds reported $136B of ServiceNow stock for Q1 2024, up 2.9% quarter-over-quarter.
  • 191 funds opened new ServiceNow positions in Q1 2024 and 98 closed out, a net change of +93 holders.
  • The largest ServiceNow buyer in Q1 2024 was JP Morgan Chase, an estimated $890M added.
  • The largest ServiceNow seller in Q1 2024 was Morgan Stanley, an estimated $5.36B sold.

Based on aggregated 13F filings for Q1 2024.