ServiceNow
NOW
2,158 hedge funds and large institutions have $146B invested in ServiceNow in 2025 Q1 according to their latest regulatory filings, with 201 funds opening new positions, 935 increasing their positions, 759 reducing their positions, and 262 closing their positions.
23% more repeat investments, than reductions
Existing positions increased: 935 | Existing positions reduced: 759
1% more call options, than puts
Call options by funds: $3.41B | Put options by funds: $3.36B
4% less funds holding
Funds holding: 2,256 → 2,158 (-98)
4.35% less ownership
Funds ownership: 446.3% → 441.96% (-4.3%)
23% less first-time investments, than exits
New positions opened: 201 | Existing positions closed: 262
25% less capital invested
Capital invested by funds: $195B → $146B (-$49.3B)
38% less funds holding in top 10
Funds holding in top 10: 104 → 65 (-39)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$762M |
| 2 |
Parnassus Investments
San Francisco,
California
|
+$629M |
| 3 |
Amundi
Paris,
France
|
+$604M |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$571M |
| 5 |
Edgewood Management
Greenwich,
Connecticut
|
+$543M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$1.31B |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$833M |
| 3 |
Polen Capital Management
Boca Raton,
Florida
|
-$660M |
| 4 |
DZ Bank
Frankfurt Am Main,
Germany
|
-$606M |
| 5 |
SM
SCGE Management
Menlo Park,
California
|
-$533M |
NOW Hedge Fund Activity: Q1 2025 in Review
2,158 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in ServiceNow (NOW) for Q1 2025, worth a combined $146B — down 25% from $195B a quarter earlier.
Sellers outnumbered buyers: 262 funds closed out of NOW and 201 opened new positions — a net loss of 61 holders — while 759 trimmed existing stakes and 935 added.
The largest buyer was JP Morgan Chase, adding an estimated $762M. The largest seller was Fidelity Investments, cutting an estimated $1.31B.
- 2,158 institutional investors held ServiceNow (NOW) as of Q1 2025, down from 2,256 in Q4 2024.
- Funds reported $146B of ServiceNow stock for Q1 2025, down 25% quarter-over-quarter.
- 201 funds opened new ServiceNow positions in Q1 2025 and 262 closed out, a net change of -61 holders.
- The largest ServiceNow buyer in Q1 2025 was JP Morgan Chase, an estimated $762M added.
- The largest ServiceNow seller in Q1 2025 was Fidelity Investments, an estimated $1.31B sold.
Based on aggregated 13F filings for Q1 2025.