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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
William Blair Investment Management
76
William Blair Investment Management
Illinois
$194M +$52.1M +456,355 +36%
Bank of Montreal
77
Bank of Montreal
Ontario, Canada
$190M +$16.8M +147,415 +10%
Los Angeles Capital Management
78
Los Angeles Capital Management
California
$189M -$13.6M -119,330 -7%
LWCFA
79
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$185M -$3.14M -27,555 -2%
PCH
80
Polar Capital Holdings
United Kingdom
$184M +$12.4M +108,630 +7%
California State Teachers Retirement System (CalSTRS)
81
California State Teachers Retirement System (CalSTRS)
California
$180M -$8.26M -72,430 -4%
RJA
82
Raymond James & Associates
Florida
$175M +$16.3M +143,310 +10%
New York State Common Retirement Fund
83
New York State Common Retirement Fund
New York
$175M -$15.7M -137,310 -8%
National Pension Service
84
National Pension Service
South Korea
$174M +$1.58M +13,835 +0.9%
William Blair & Company
85
William Blair & Company
Illinois
$174M +$2.58M +22,605 +1%
Bessemer Group
86
Bessemer Group
New Jersey
$174M -$2.07M -18,135 -1%
Westfield Capital Management
87
Westfield Capital Management
Massachusetts
$170M -$4.42M -38,775 -2%
Russell Investments Group
88
Russell Investments Group
United Kingdom
$169M -$3.71M -32,490 -2%
MNG
89
Manning & Napier Group
New York
$167M -$7.22M -63,275 -4%
SP
90
Stockbridge Partners
Massachusetts
$167M -$43.6M -381,860 -20%
RPI
91
Railway Pension Investments
United Kingdom
$160M -$44.5M -390,000 -21%
HL
92
Harding Loevner
New Jersey
$154M -$22.2M -194,485 -12%
Balyasny Asset Management
93
Balyasny Asset Management
Illinois
$151M +$93.9M +823,035 +157%
Principal Financial Group
94
Principal Financial Group
Iowa
$148M -$14.8M -129,765 -9%
RC
95
RGM Capital
Florida
$148M -$19.4M -170,000 -11%
CI Investments Inc
96
CI Investments Inc
Ontario, Canada
$148M -$22.1M -193,335 -13%
KBC Group
97
KBC Group
Belgium
$144M -$3.74M -32,760 -2%
Mariner
98
Mariner
Kansas
$143M +$11.3M +98,805 +8%
AWM
99
Axxcess Wealth Management
California
$140M +$82.1K +720 +0.1%
Federated Hermes
100
Federated Hermes
Pennsylvania
$140M +$7.89M +69,185 +6%

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.