ServiceNow
NOW
1,502 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.
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: 60 → 71 (+11)
7% more funds holding
Funds holding: 1,408 → 1,502 (+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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
+$1B |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$584M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$422M |
| 4 |
Swedbank
Stockholm,
Sweden
|
+$196M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$191M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$815M |
| 2 |
WCM Investment Management
Laguna Beach,
California
|
-$214M |
| 3 |
D.E. Shaw & Co
New York
|
-$211M |
| 4 |
BlackRock
New York
|
-$209M |
| 5 |
Goldman Sachs
New York
|
-$209M |
NOW Hedge Fund Activity: Q2 2023 in Review
1,502 of the 6,370 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.
- 1,502 institutional investors held ServiceNow (NOW) as of Q2 2023, up from 1,408 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.