ServiceNow
1,264 hedge funds and large institutions have $86.5B invested in ServiceNow in 2021 Q1 according to their latest regulatory filings, with 137 funds opening new positions, 523 increasing their positions, 454 reducing their positions, and 126 closing their positions.
15% more repeat investments, than reductions
Existing positions increased: 523 | Existing positions reduced: 454
9% more first-time investments, than exits
New positions opened: 137 | Existing positions closed: 126
1% less funds holding
Funds holding: 1,272 → 1,264 (-8)
3.4% less ownership
Funds ownership: 445.31% → 441.92% (-3.4%)
10% less capital invested
Capital invested by funds: $96.4B → $86.5B (-$9.94B)
28% less funds holding in top 10
Funds holding in top 10: 61 → 44 (-17)
39% less call options, than puts
Call options by funds: $1.21B | Put options by funds: $2B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VAM
Vontobel Asset Management
New York
|
+$287M |
| 2 |
Tiger Global Management
New York
|
+$271M |
| 3 |
Swedbank
Stockholm,
Sweden
|
+$206M |
| 4 |
Capital Research Global Investors
Los Angeles,
California
|
+$198M |
| 5 |
Millennium Management
New York
|
+$194M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GQG Partners
Ft. Lauderdale,
Florida
|
-$881M |
| 2 |
JSP
Jackson Square Partners
Larkspur,
California
|
-$306M |
| 3 |
Jennison Associates
New York
|
-$297M |
| 4 |
TCM
Tybourne Capital Management
Hong Kong
|
-$260M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$196M |
NOW Hedge Fund Activity: Q1 2021 in Review
1,264 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in ServiceNow (NOW) for Q1 2021, worth a combined $86.5B — down 10% from $96.4B a quarter earlier.
Buyers outnumbered sellers: 137 funds opened new NOW positions and 126 closed out — a net gain of 11 holders — while 523 added to existing stakes and 454 trimmed.
The largest buyer was Vontobel Asset Management, opening a new position worth an estimated $287M. The largest seller was GQG Partners, exiting entirely with an estimated $881M sold.
- 1,264 institutional investors held ServiceNow (NOW) as of Q1 2021, down from 1,272 in Q4 2020.
- Funds reported $86.5B of ServiceNow stock for Q1 2021, down 10% quarter-over-quarter.
- 137 funds opened new ServiceNow positions in Q1 2021 and 126 closed out, a net change of +11 holders.
- The largest ServiceNow buyer in Q1 2021 was Vontobel Asset Management, an estimated $287M added.
- The largest ServiceNow seller in Q1 2021 was GQG Partners, an estimated $881M sold.
Based on aggregated 13F filings for Q1 2021.