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ServiceNow

1,407 hedge funds and large institutions have $84B invested in ServiceNow in 2023 Q1 according to their latest regulatory filings, with 172 funds opening new positions, 631 increasing their positions, 430 reducing their positions, and 99 closing their positions.

New
Increased
Maintained
Reduced
Closed

74% more first-time investments, than exits

New positions opened: 172 | Existing positions closed: 99

47% more repeat investments, than reductions

Existing positions increased: 631 | Existing positions reduced: 430

20% more capital invested

Capital invested by funds: $69.9B → $84B (+$14.1B)

4% more funds holding

Funds holding: 1,3591,407 (+48)

3% more funds holding in top 10

Funds holding in top 10: 5860 (+2)

1.49% more ownership

Funds ownership: 443.26%444.74% (+1.5%)

2% more call options, than puts

Call options by funds: $1.31B | Put options by funds: $1.28B

Holders
1,407
Holders Change
+48
Holders Change %
+3.53%
% of All Funds
22.42%
Holding in Top 10
60
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+3.45%
% of All Funds
0.96%
New
172
Increased
631
Reduced
430
Closed
99
Calls
$1.31B
Puts
$1.28B
Net Calls
+$29.4M
Net Calls Change
+$189M
Name Holding Trade Value Shares
Change
Change in
Stake
Sumitomo Mitsui Trust Group
51
Sumitomo Mitsui Trust Group
Japan
$297M +$2.85M +32,745 +1%
WT
52
Wellcome Trust
United Kingdom
$266M +$9.8M +112,475 +4%
Arrowstreet Capital
53
Arrowstreet Capital
Massachusetts
$263M +$7.33M +84,155 +3%
Envestnet Asset Management
54
Envestnet Asset Management
Illinois
$255M +$15.4M +177,080 +7%
TG
55
TCW Group
California
$254M -$122K -1,400 -0.1%
HAM
56
Hyperion Asset Management
Australia
$247M -$992K -11,385 -0.4%
SEI Investments
57
SEI Investments
Pennsylvania
$241M +$29.6M +340,080 +15%
Ensign Peak Advisors
58
Ensign Peak Advisors
Utah
$240M +$7.64M +87,720 +4%
American Century Companies
59
American Century Companies
Missouri
$222M -$32.7M -374,940 -14%
D.E. Shaw & Co
60
D.E. Shaw & Co
New York
$220M +$43.1M +495,020 +26%
CS
61
Credit Suisse
Switzerland
$217M +$2.24M +25,695 +1%
AI
62
Axiom Investors
Connecticut
$216M +$81.3M +933,200 +67%
WCM Investment Management
63
WCM Investment Management
California
$214M -$7.04M -80,870 -3%
VanEck Associates
64
VanEck Associates
New York
$214M +$15.2M +175,040 +8%
SP
65
Sarasin & Partners
United Kingdom
$210M +$38.9M +446,480 +26%
Nordea Investment Management
66
Nordea Investment Management
Sweden
$199M -$5.11M -58,655 -3%
PAMS
67
Pictet Asset Management (Switzerland)
Switzerland
$193M +$18.8M +216,275 +12%
PCH
68
Polar Capital Holdings
United Kingdom
$187M -$34.8M -399,565 -17%
Prudential Financial
69
Prudential Financial
New Jersey
$187M +$31.2M +358,625 +22%
SO
70
STRS Ohio
Ohio
$186M +$12.6M +144,645 +8%
Allspring Global Investments
71
Allspring Global Investments
North Carolina
$184M +$11.4M +131,030 +7%
Axa
72
Axa
France
$183M +$19.4M +222,885 +13%
California Public Employees Retirement System
73
California Public Employees Retirement System
California
$181M -$25.9M -297,395 -13%
Thrivent Financial for Lutherans
74
Thrivent Financial for Lutherans
Minnesota
$177M +$1.02M +11,710 +0.6%
HL
75
Harding Loevner
New Jersey
$174M -$948K -10,890 -0.6%

NOW Hedge Fund Activity: Q1 2023 in Review

1,407 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in ServiceNow (NOW) for Q1 2023, worth a combined $84B — up 20% from $69.9B a quarter earlier.

Buyers outnumbered sellers: 172 funds opened new NOW positions and 99 closed out — a net gain of 73 holders — while 631 added to existing stakes and 430 trimmed.

The largest buyer was Bank of America, adding an estimated $728M. The largest seller was T. Rowe Price Associates, cutting an estimated $1.28B.

  • 1,407 institutional investors held ServiceNow (NOW) as of Q1 2023, up from 1,359 in Q4 2022.
  • Funds reported $84B of ServiceNow stock for Q1 2023, up 20% quarter-over-quarter.
  • 172 funds opened new ServiceNow positions in Q1 2023 and 99 closed out, a net change of +73 holders.
  • The largest ServiceNow buyer in Q1 2023 was Bank of America, an estimated $728M added.
  • The largest ServiceNow seller in Q1 2023 was T. Rowe Price Associates, an estimated $1.28B sold.

Based on aggregated 13F filings for Q1 2023.