ServiceNow
NOW
323 hedge funds and large institutions have $9.76B invested in ServiceNow in 2016 Q1 according to their latest regulatory filings, with 52 funds opening new positions, 133 increasing their positions, 105 reducing their positions, and 81 closing their positions.
28.6% more ownership
Funds ownership: 477.9% → 506.5% (+29%)
27% more repeat investments, than reductions
Existing positions increased: 133 | Existing positions reduced: 105
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
9% less funds holding
Funds holding: 354 → 323 (-31)
26% less capital invested
Capital invested by funds: $13.1B → $9.76B (-$3.34B)
36% less first-time investments, than exits
New positions opened: 52 | Existing positions closed: 81
63% less call options, than puts
Call options by funds: $127M | Put options by funds: $339M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$715M |
| 2 |
MNA
Manning & Napier Advisors
Fairport,
New York
|
+$342M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$278M |
| 4 |
Royal London Asset Management
United Kingdom
|
+$140M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$75M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$425M |
| 2 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$122M |
| 3 |
CCI
Columbus Circle Investors
|
-$83.8M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
-$80.3M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$74.7M |
NOW Hedge Fund Activity: Q1 2016 in Review
323 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in ServiceNow (NOW) for Q1 2016, worth a combined $9.76B — down 26% from $13.1B a quarter earlier.
Sellers outnumbered buyers: 81 funds closed out of NOW and 52 opened new positions — a net loss of 29 holders — while 105 trimmed existing stakes and 133 added.
The largest buyer was Wellington Management Group, adding an estimated $715M. The largest seller was Fidelity Investments, cutting an estimated $425M.
- 323 institutional investors held ServiceNow (NOW) as of Q1 2016, down from 354 in Q4 2015.
- Funds reported $9.76B of ServiceNow stock for Q1 2016, down 26% quarter-over-quarter.
- 52 funds opened new ServiceNow positions in Q1 2016 and 81 closed out, a net change of -29 holders.
- The largest ServiceNow buyer in Q1 2016 was Wellington Management Group, an estimated $715M added.
- The largest ServiceNow seller in Q1 2016 was Fidelity Investments, an estimated $425M sold.
Based on aggregated 13F filings for Q1 2016.