ServiceNow
1,374 hedge funds and large institutions have $84.6B invested in ServiceNow in 2022 Q2 according to their latest regulatory filings, with 142 funds opening new positions, 594 increasing their positions, 463 reducing their positions, and 146 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 64 → 85 (+21)
28% more repeat investments, than reductions
Existing positions increased: 594 | Existing positions reduced: 463
3.74% more ownership
Funds ownership: 442.36% → 446.1% (+3.7%)
3% less first-time investments, than exits
New positions opened: 142 | Existing positions closed: 146
2% less funds holding
Funds holding: 1,404 → 1,374 (-30)
13% less capital invested
Capital invested by funds: $97.7B → $84.6B (-$13B)
16% less call options, than puts
Call options by funds: $1.52B | Put options by funds: $1.81B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Edgewood Management
Greenwich,
Connecticut
|
+$668M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
+$407M |
| 3 |
Morgan Stanley
New York
|
+$375M |
| 4 |
Capital International Investors
Los Angeles,
California
|
+$202M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$178M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Tiger Global Management
New York
|
-$633M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$607M |
| 3 |
LPC
Lone Pine Capital
Greenwich,
Connecticut
|
-$327M |
| 4 |
JSP
Jackson Square Partners
Larkspur,
California
|
-$118M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$95.3M |
NOW Hedge Fund Activity: Q2 2022 in Review
1,374 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in ServiceNow (NOW) for Q2 2022, worth a combined $84.6B — down 13% from $97.7B a quarter earlier.
Sellers outnumbered buyers: 146 funds closed out of NOW and 142 opened new positions — a net loss of 4 holders — while 463 trimmed existing stakes and 594 added.
The largest buyer was Edgewood Management, adding an estimated $668M. The largest seller was Tiger Global Management, cutting an estimated $633M.
- 1,374 institutional investors held ServiceNow (NOW) as of Q2 2022, down from 1,404 in Q1 2022.
- Funds reported $84.6B of ServiceNow stock for Q2 2022, down 13% quarter-over-quarter.
- 142 funds opened new ServiceNow positions in Q2 2022 and 146 closed out, a net change of -4 holders.
- The largest ServiceNow buyer in Q2 2022 was Edgewood Management, an estimated $668M added.
- The largest ServiceNow seller in Q2 2022 was Tiger Global Management, an estimated $633M sold.
Based on aggregated 13F filings for Q2 2022.