ServiceNow
NOW
1,873 hedge funds and large institutions have $142B invested in ServiceNow in 2024 Q2 according to their latest regulatory filings, with 208 funds opening new positions, 834 increasing their positions, 587 reducing their positions, and 124 closing their positions.
68% more first-time investments, than exits
New positions opened: 208 | Existing positions closed: 124
42% more repeat investments, than reductions
Existing positions increased: 834 | Existing positions reduced: 587
12% more funds holding in top 10
Funds holding in top 10: 69 → 77 (+8)
4.39% more ownership
Funds ownership: 436.43% → 440.82% (+4.4%)
3% more funds holding
Funds holding: 1,817 → 1,873 (+56)
5% more capital invested
Capital invested by funds: $136B → $142B (+$6.27B)
30% less call options, than puts
Call options by funds: $2.94B | Put options by funds: $4.17B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Swedbank
Stockholm,
Sweden
|
+$953M |
| 2 |
BlackRock
New York
|
+$671M |
| 3 |
UBS AM
Chicago,
Illinois
|
+$663M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$458M |
| 5 |
Amundi
Paris,
France
|
+$339M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GQG Partners
Ft. Lauderdale,
Florida
|
-$887M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
-$607M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$512M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$499M |
| 5 |
Millennium Management
New York
|
-$230M |
NOW Hedge Fund Activity: Q2 2024 in Review
1,873 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in ServiceNow (NOW) for Q2 2024, worth a combined $142B — up 4.6% from $136B a quarter earlier.
Buyers outnumbered sellers: 208 funds opened new NOW positions and 124 closed out — a net gain of 84 holders — while 834 added to existing stakes and 587 trimmed.
The largest buyer was Swedbank, opening a new position worth an estimated $953M. The largest seller was GQG Partners, exiting entirely with an estimated $887M sold.
- 1,873 institutional investors held ServiceNow (NOW) as of Q2 2024, up from 1,817 in Q1 2024.
- Funds reported $142B of ServiceNow stock for Q2 2024, up 4.6% quarter-over-quarter.
- 208 funds opened new ServiceNow positions in Q2 2024 and 124 closed out, a net change of +84 holders.
- The largest ServiceNow buyer in Q2 2024 was Swedbank, an estimated $953M added.
- The largest ServiceNow seller in Q2 2024 was GQG Partners, an estimated $887M sold.
Based on aggregated 13F filings for Q2 2024.