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ServiceNow

1,066 hedge funds and large institutions have $71.2B invested in ServiceNow in 2020 Q2 according to their latest regulatory filings, with 199 funds opening new positions, 469 increasing their positions, 300 reducing their positions, and 69 closing their positions.

New
Increased
Maintained
Reduced
Closed

188% more first-time investments, than exits

New positions opened: 199 | Existing positions closed: 69

56% more repeat investments, than reductions

Existing positions increased: 469 | Existing positions reduced: 300

39% more capital invested

Capital invested by funds: $51.2B → $71.2B (+$20.1B)

13% more funds holding

Funds holding: 9431,066 (+123)

5% more funds holding in top 10

Funds holding in top 10: 5558 (+3)

10.04% less ownership

Funds ownership: 470.47%460.43% (-10%)

25% less call options, than puts

Call options by funds: $1.46B | Put options by funds: $1.96B

Holders
1,066
Holders Change
+123
Holders Change %
+13.04%
% of All Funds
21.86%
Holding in Top 10
58
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+5.45%
% of All Funds
1.19%
New
199
Increased
469
Reduced
300
Closed
69
Calls
$1.46B
Puts
$1.96B
Net Calls
-$499M
Net Calls Change
-$79M
Name Holding Trade Value Shares
Change
Change in
Stake
First Trust Advisors
76
First Trust Advisors
Illinois
$150M +$27.4M +388,150 +26%
Renaissance Technologies
77
Renaissance Technologies
New York
$150M +$66.9M +947,500 +104%
Victory Capital Management
78
Victory Capital Management
Texas
$150M -$228M -3,235,470 -64%
Korea Investment Corp
79
Korea Investment Corp
South Korea
$149M +$8.37M +118,500 +7%
FAM
80
Foxhaven Asset Management
Virginia
$149M +$10.5M +148,070 +9%
Bessemer Group
81
Bessemer Group
New Jersey
$145M +$1.02M +14,375 +0.8%
RhumbLine Advisers
82
RhumbLine Advisers
Massachusetts
$142M +$6.07M +85,990 +5%
ZCI
83
Zevenbergen Capital Investments
Washington
$142M +$1.94M +27,535 +2%
Principal Financial Group
84
Principal Financial Group
Iowa
$141M +$5.78M +81,800 +5%
California State Teachers Retirement System (CalSTRS)
85
California State Teachers Retirement System (CalSTRS)
California
$140M +$3.69M +52,320 +3%
AAMU
86
Amundi Asset Management US
Massachusetts
$140M +$37M +524,180 +44%
SCM
87
Steadfast Capital Management
New York
$140M -$102M -1,439,115 -45%
Two Sigma Advisers
88
Two Sigma Advisers
New York
$129M -$17.7M -251,000 -14%
NSLI
89
Nan Shan Life Insurance
Taiwan
$126M -$4.59M -64,970 -4%
DIG
90
Dragoneer Investment Group
California
$123M -$9.17M -129,825 -8%
MNG
91
Manning & Napier Group
New York
$121M -$5.97M -84,525 -5%
RPI
92
Railway Pension Investments
United Kingdom
$116M +$10.5M +149,000 +12%
WRCM
93
Whale Rock Capital Management
Massachusetts
$115M -$192M -2,716,990 -66%
Bank of Nova Scotia
94
Bank of Nova Scotia
Ontario, Canada
$113M +$3.71M +52,590 +4%
WRF
95
Waddell & Reed Financial
Kansas
$110M -$20.2M -285,830 -17%
Nomura Asset Management
96
Nomura Asset Management
Japan
$110M +$3.31M +46,890 +4%
Los Angeles Capital Management
97
Los Angeles Capital Management
California
$109M +$48.6M +687,855 +106%
State Board of Administration of Florida Retirement System
98
State Board of Administration of Florida Retirement System
Florida
$105M +$1.94M +27,430 +2%
RJA
99
Raymond James & Associates
Florida
$104M +$2.54M +35,995 +3%
Fisher Asset Management
100
Fisher Asset Management
Washington
$102M +$3.83M +54,300 +4%

NOW Hedge Fund Activity: Q2 2020 in Review

1,066 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in ServiceNow (NOW) for Q2 2020, worth a combined $71.2B — up 39% from $51.2B a quarter earlier.

Buyers outnumbered sellers: 199 funds opened new NOW positions and 69 closed out — a net gain of 130 holders — while 469 added to existing stakes and 300 trimmed.

The largest buyer was Capital Research Global Investors, adding an estimated $244M. The largest seller was Morgan Stanley, cutting an estimated $874M.

  • 1,066 institutional investors held ServiceNow (NOW) as of Q2 2020, up from 943 in Q1 2020.
  • Funds reported $71.2B of ServiceNow stock for Q2 2020, up 39% quarter-over-quarter.
  • 199 funds opened new ServiceNow positions in Q2 2020 and 69 closed out, a net change of +130 holders.
  • The largest ServiceNow buyer in Q2 2020 was Capital Research Global Investors, an estimated $244M added.
  • The largest ServiceNow seller in Q2 2020 was Morgan Stanley, an estimated $874M sold.

Based on aggregated 13F filings for Q2 2020.