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ServiceNow

1,817 hedge funds and large institutions have $136B invested in ServiceNow in 2024 Q1 according to their latest regulatory filings, with 191 funds opening new positions, 764 increasing their positions, 637 reducing their positions, and 98 closing their positions.

New
Increased
Maintained
Reduced
Closed

95% more first-time investments, than exits

New positions opened: 191 | Existing positions closed: 98

20% more repeat investments, than reductions

Existing positions increased: 764 | Existing positions reduced: 637

4% more funds holding

Funds holding: 1,7501,817 (+67)

3% more capital invested

Capital invested by funds: $132B → $136B (+$3.8B)

20.6% less ownership

Funds ownership: 457.03%436.43% (-21%)

21% less funds holding in top 10

Funds holding in top 10: 8769 (-18)

30% less call options, than puts

Call options by funds: $2.46B | Put options by funds: $3.5B

Holders
1,817
Holders Change
+67
Holders Change %
+3.83%
% of All Funds
26.17%
Holding in Top 10
69
Holding in Top 10 Change
-18
Holding in Top 10 Change %
-20.69%
% of All Funds
0.99%
New
191
Increased
764
Reduced
637
Closed
98
Calls
$2.46B
Puts
$3.5B
Net Calls
-$1.03B
Net Calls Change
-$183M
Name Holding Trade Value Shares
Change
Change in
Stake
WT
51
Wellcome Trust
United Kingdom
$381M -$54.9M -362,475 -13%
Janus Henderson Group
52
Janus Henderson Group
United Kingdom
$372M -$23.9M -157,475 -6%
Ensign Peak Advisors
53
Ensign Peak Advisors
Utah
$370M +$25.4M +167,710 +7%
California Public Employees Retirement System
54
California Public Employees Retirement System
California
$361M +$75.6M +499,190 +27%
CS
55
Credit Suisse
Switzerland
$355M -$20.3M -134,000 -5%
AI
56
Axiom Investors
Connecticut
$349M -$281M -1,855,230 -45%
SGA
57
Sustainable Growth Advisers
Connecticut
$338M -$97.1M -640,585 -22%
Nordea Investment Management
58
Nordea Investment Management
Sweden
$336M +$6.08M +40,120 +2%
TG
59
TCW Group
California
$334M -$15.7M -103,380 -5%
CI Investments Inc
60
CI Investments Inc
Ontario, Canada
$318M +$98.1M +647,520 +45%
Stifel Financial
61
Stifel Financial
Missouri
$317M -$17.9M -118,065 -5%
DekaBank Deutsche Girozentrale
62
DekaBank Deutsche Girozentrale
Germany
$310M +$60.2M +397,375 +24%
Canada Pension Plan Investment Board
63
Canada Pension Plan Investment Board
Ontario, Canada
$304M +$127M +841,415 +73%
American Century Companies
64
American Century Companies
Missouri
$302M -$3.39M -22,380 -1%
FCM
65
Farallon Capital Management
California
$301M -$19.8M -130,810 -6%
Acadian Asset Management
66
Acadian Asset Management
Massachusetts
$295M +$205M +1,355,365 +233%
SEI Investments
67
SEI Investments
Pennsylvania
$293M -$40.7M -268,570 -12%
Axa
68
Axa
France
$292M -$1.05M -6,900 -0.4%
William Blair Investment Management
69
William Blair Investment Management
Illinois
$291M +$10.8M +71,120 +4%
RhumbLine Advisers
70
RhumbLine Advisers
Massachusetts
$291M +$1.74M +11,485 +0.6%
VAM
71
Vontobel Asset Management
New York
$284M -$57.5M -379,535 -18%
Bank of Montreal
72
Bank of Montreal
Ontario, Canada
$271M -$32M -211,345 -11%
KBC Group
73
KBC Group
Belgium
$269M +$70.2M +463,475 +36%
Los Angeles Capital Management
74
Los Angeles Capital Management
California
$269M -$3.74M -24,705 -1%
Prudential Financial
75
Prudential Financial
New Jersey
$269M +$41.4M +273,070 +18%

NOW Hedge Fund Activity: Q1 2024 in Review

1,817 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in ServiceNow (NOW) for Q1 2024, worth a combined $136B — up 2.9% from $132B a quarter earlier.

Buyers outnumbered sellers: 191 funds opened new NOW positions and 98 closed out — a net gain of 93 holders — while 764 added to existing stakes and 637 trimmed.

The largest buyer was JP Morgan Chase, adding an estimated $890M. The largest seller was Morgan Stanley, cutting an estimated $5.36B.

  • 1,817 institutional investors held ServiceNow (NOW) as of Q1 2024, up from 1,750 in Q4 2023.
  • Funds reported $136B of ServiceNow stock for Q1 2024, up 2.9% quarter-over-quarter.
  • 191 funds opened new ServiceNow positions in Q1 2024 and 98 closed out, a net change of +93 holders.
  • The largest ServiceNow buyer in Q1 2024 was JP Morgan Chase, an estimated $890M added.
  • The largest ServiceNow seller in Q1 2024 was Morgan Stanley, an estimated $5.36B sold.

Based on aggregated 13F filings for Q1 2024.