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ServiceNow

1,563 hedge funds and large institutions have $100B invested in ServiceNow in 2023 Q3 according to their latest regulatory filings, with 164 funds opening new positions, 611 increasing their positions, 572 reducing their positions, and 84 closing their positions.

New
Increased
Maintained
Reduced
Closed

95% more first-time investments, than exits

New positions opened: 164 | Existing positions closed: 84

4% more funds holding

Funds holding: 1,5011,563 (+62)

7% more repeat investments, than reductions

Existing positions increased: 611 | Existing positions reduced: 572

1% less capital invested

Capital invested by funds: $102B → $100B (-$1.04B)

4% less funds holding in top 10

Funds holding in top 10: 7168 (-3)

4.64% less ownership

Funds ownership: 443.96%439.31% (-4.6%)

26% less call options, than puts

Call options by funds: $1.36B | Put options by funds: $1.85B

Holders
1,563
Holders Change
+62
Holders Change %
+4.13%
% of All Funds
24.8%
Holding in Top 10
68
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-4.23%
% of All Funds
1.08%
New
164
Increased
611
Reduced
572
Closed
84
Calls
$1.36B
Puts
$1.85B
Net Calls
-$491M
Net Calls Change
-$607M
Name Holding Trade Value Shares
Change
Change in
Stake
WT
51
Wellcome Trust
United Kingdom
$320M
American Century Companies
52
American Century Companies
Missouri
$318M +$68.4M +599,375 +27%
Sumitomo Mitsui Trust Group
53
Sumitomo Mitsui Trust Group
Japan
$309M -$4.3M -37,720 -1%
VAM
54
Vontobel Asset Management
New York
$305M -$69.8M -611,660 -19%
Ensign Peak Advisors
55
Ensign Peak Advisors
Utah
$304M -$3.73M -32,725 -1%
SEI Investments
56
SEI Investments
Pennsylvania
$303M -$2.81M -24,595 -0.9%
Janus Henderson Group
57
Janus Henderson Group
United Kingdom
$302M -$58.4M -512,180 -16%
TG
58
TCW Group
California
$290M -$26.1M -228,350 -8%
HAM
59
Hyperion Asset Management
Australia
$283M -$15.6M -136,375 -5%
CS
60
Credit Suisse
Switzerland
$279M -$4.65M -40,800 -2%
UBS Group
61
UBS Group
Switzerland
$273M +$11.4M +100,240 +4%
FCM
62
Farallon Capital Management
California
$267M -$11.1M -97,500 -4%
ClearBridge Investments
63
ClearBridge Investments
New York
$260M +$111M +977,255 +72%
Nordea Investment Management
64
Nordea Investment Management
Sweden
$247M +$2.56M +22,480 +1%
Stifel Financial
65
Stifel Financial
Missouri
$237M +$3.48M +30,465 +1%
Prudential Financial
66
Prudential Financial
New Jersey
$236M +$39.7M +347,930 +20%
Axa
67
Axa
France
$234M -$6.75M -59,185 -3%
Millennium Management
68
Millennium Management
New York
$232M +$172M +1,509,635 +266%
HSBC Holdings
69
HSBC Holdings
United Kingdom
$228M +$12.5M +109,485 +6%
DekaBank Deutsche Girozentrale
70
DekaBank Deutsche Girozentrale
Germany
$215M -$8.06M -70,680 -4%
RhumbLine Advisers
71
RhumbLine Advisers
Massachusetts
$213M -$167K -1,465 -0.1%
California Public Employees Retirement System
72
California Public Employees Retirement System
California
$213M +$3.61M +31,605 +2%
SO
73
STRS Ohio
Ohio
$198M -$5.24M -45,890 -3%
Allspring Global Investments
74
Allspring Global Investments
North Carolina
$196M -$21.9M -191,875 -10%
Thrivent Financial for Lutherans
75
Thrivent Financial for Lutherans
Minnesota
$196M +$3.73M +32,720 +2%

NOW Hedge Fund Activity: Q3 2023 in Review

1,563 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in ServiceNow (NOW) for Q3 2023, worth a combined $100B — down 1% from $102B a quarter earlier.

Buyers outnumbered sellers: 164 funds opened new NOW positions and 84 closed out — a net gain of 80 holders — while 611 added to existing stakes and 572 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $340M. The largest seller was T. Rowe Price Associates, cutting an estimated $756M.

  • 1,563 institutional investors held ServiceNow (NOW) as of Q3 2023, up from 1,501 in Q2 2023.
  • Funds reported $100B of ServiceNow stock for Q3 2023, down 1% quarter-over-quarter.
  • 164 funds opened new ServiceNow positions in Q3 2023 and 84 closed out, a net change of +80 holders.
  • The largest ServiceNow buyer in Q3 2023 was Fidelity Investments, an estimated $340M added.
  • The largest ServiceNow seller in Q3 2023 was T. Rowe Price Associates, an estimated $756M sold.

Based on aggregated 13F filings for Q3 2023.