We are live on ! Find out more
NOW icon

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
Prudential Financial
76
Prudential Financial
New Jersey
$199M -$24.2M -241,820 -12%
Thrivent Financial for Lutherans
77
Thrivent Financial for Lutherans
Minnesota
$193M -$18.7M -187,255 -10%
New York State Common Retirement Fund
78
New York State Common Retirement Fund
New York
$191M -$1.02M -10,220 -0.6%
California State Teachers Retirement System (CalSTRS)
79
California State Teachers Retirement System (CalSTRS)
California
$189M -$2.54M -25,455 -1%
Bessemer Group
80
Bessemer Group
New Jersey
$177M -$1.31M -13,065 -0.8%
LWCFA
81
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$177M -$2.31M -23,090 -1%
HL
82
Harding Loevner
New Jersey
$177M -$30.3M -302,995 -16%
MNG
83
Manning & Napier Group
New York
$175M -$9.34M -93,390 -6%
Westfield Capital Management
84
Westfield Capital Management
Massachusetts
$175M -$2.94M -29,435 -2%
National Pension Service
85
National Pension Service
South Korea
$174M +$7.05M +70,490 +5%
Russell Investments Group
86
Russell Investments Group
United Kingdom
$173M +$29.1M +290,655 +23%
PCH
87
Polar Capital Holdings
United Kingdom
$173M -$47.6M -475,705 -24%
William Blair & Company
88
William Blair & Company
Illinois
$172M -$3.03M -30,355 -2%
CI Investments Inc
89
CI Investments Inc
Ontario, Canada
$170M +$67.5M +675,595 +81%
Bank of Montreal
90
Bank of Montreal
Ontario, Canada
$170M +$41.9M +419,165 +39%
RC
91
RGM Capital
Florida
$168M +$3.25M +32,500 +2%
SP
92
Sarasin & Partners
United Kingdom
$167M -$66.9M -669,145 -31%
Principal Financial Group
93
Principal Financial Group
Iowa
$164M -$218K -2,180 -0.1%
VanEck Associates
94
VanEck Associates
New York
$161M -$86.9M -868,905 -38%
RJA
95
Raymond James & Associates
Florida
$160M +$11M +110,370 +8%
ClearBridge Investments
96
ClearBridge Investments
New York
$152M +$19.1M +190,605 +16%
KBC Group
97
KBC Group
Belgium
$149M +$37M +370,150 +39%
William Blair Investment Management
98
William Blair Investment Management
Illinois
$144M +$128M +1,282,080 New
AWM
99
Axxcess Wealth Management
California
$141M +$401K +4,015 +0.3%
PIMC
100
Praesidium Investment Management Company
New York
$138M -$56.6M -565,810 -32%

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.