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ServiceNow

1,501 hedge funds and large institutions have $102B invested in ServiceNow in 2023 Q2 according to their latest regulatory filings, with 190 funds opening new positions, 615 increasing their positions, 489 reducing their positions, and 89 closing their positions.

New
Increased
Maintained
Reduced
Closed

113% more first-time investments, than exits

New positions opened: 190 | Existing positions closed: 89

26% more repeat investments, than reductions

Existing positions increased: 615 | Existing positions reduced: 489

21% more capital invested

Capital invested by funds: $84B → $102B (+$17.5B)

18% more funds holding in top 10

Funds holding in top 10: 6071 (+11)

7% more funds holding

Funds holding: 1,4071,501 (+94)

7% more call options, than puts

Call options by funds: $1.74B | Put options by funds: $1.62B

0.79% less ownership

Funds ownership: 444.74%443.96% (-0.79%)

Holders
1,501
Holders Change
+94
Holders Change %
+6.68%
% of All Funds
23.57%
Holding in Top 10
71
Holding in Top 10 Change
+11
Holding in Top 10 Change %
+18.33%
% of All Funds
1.11%
New
190
Increased
615
Reduced
489
Closed
89
Calls
$1.74B
Puts
$1.62B
Net Calls
+$116M
Net Calls Change
+$86.4M
Name Holding Trade Value Shares
Change
Change in
Stake
Tiger Global Management
51
Tiger Global Management
New York
$349M -$94.1M -941,510 -23%
WT
52
Wellcome Trust
United Kingdom
$322M
TG
53
TCW Group
California
$317M +$8.93M +89,310 +3%
Sumitomo Mitsui Trust Group
54
Sumitomo Mitsui Trust Group
Japan
$315M -$39.2M -391,870 -12%
Envestnet Asset Management
55
Envestnet Asset Management
Illinois
$313M +$4.08M +40,810 +1%
Ensign Peak Advisors
56
Ensign Peak Advisors
Utah
$309M +$17.4M +174,110 +7%
SEI Investments
57
SEI Investments
Pennsylvania
$307M +$14.1M +141,045 +5%
HAM
58
Hyperion Asset Management
Australia
$300M +$1.27M +12,700 +0.5%
CS
59
Credit Suisse
Switzerland
$285M +$20.3M +203,495 +9%
FCM
60
Farallon Capital Management
California
$279M -$101M -1,013,000 -29%
UBS Group
61
UBS Group
Switzerland
$263M +$49.1M +491,350 +27%
American Century Companies
62
American Century Companies
Missouri
$252M -$14.4M -144,350 -6%
Nordea Investment Management
63
Nordea Investment Management
Sweden
$242M -$4.63M -46,325 -2%
Axa
64
Axa
France
$242M +$18.4M +183,740 +9%
PAMS
65
Pictet Asset Management (Switzerland)
Switzerland
$236M +$2.46M +24,560 +1%
Stifel Financial
66
Stifel Financial
Missouri
$234M +$27M +270,405 +15%
DekaBank Deutsche Girozentrale
67
DekaBank Deutsche Girozentrale
Germany
$220M +$8.4M +84,010 +4%
Allspring Global Investments
68
Allspring Global Investments
North Carolina
$219M -$3.01M -30,155 -2%
HSBC Holdings
69
HSBC Holdings
United Kingdom
$217M +$51.5M +514,635 +36%
RhumbLine Advisers
70
RhumbLine Advisers
Massachusetts
$215M +$4.14M +41,440 +2%
SP
71
Stockbridge Partners
Massachusetts
$211M -$167M -1,668,520 -47%
California Public Employees Retirement System
72
California Public Employees Retirement System
California
$210M -$8.11M -81,135 -4%
RPI
73
Railway Pension Investments
United Kingdom
$205M
SO
74
STRS Ohio
Ohio
$204M -$18.1M -181,455 -9%
Los Angeles Capital Management
75
Los Angeles Capital Management
California
$203M +$19.6M +196,125 +12%

NOW Hedge Fund Activity: Q2 2023 in Review

1,501 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in ServiceNow (NOW) for Q2 2023, worth a combined $102B — up 21% from $84B a quarter earlier.

Buyers outnumbered sellers: 190 funds opened new NOW positions and 89 closed out — a net gain of 101 holders — while 615 added to existing stakes and 489 trimmed.

The largest buyer was Jennison Associates, opening a new position worth an estimated $1B. The largest seller was T. Rowe Price Associates, cutting an estimated $815M.

  • 1,501 institutional investors held ServiceNow (NOW) as of Q2 2023, up from 1,407 in Q1 2023.
  • Funds reported $102B of ServiceNow stock for Q2 2023, up 21% quarter-over-quarter.
  • 190 funds opened new ServiceNow positions in Q2 2023 and 89 closed out, a net change of +101 holders.
  • The largest ServiceNow buyer in Q2 2023 was Jennison Associates, an estimated $1B added.
  • The largest ServiceNow seller in Q2 2023 was T. Rowe Price Associates, an estimated $815M sold.

Based on aggregated 13F filings for Q2 2023.