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ServiceNow

1,407 hedge funds and large institutions have $84B invested in ServiceNow in 2023 Q1 according to their latest regulatory filings, with 172 funds opening new positions, 631 increasing their positions, 430 reducing their positions, and 99 closing their positions.

New
Increased
Maintained
Reduced
Closed

74% more first-time investments, than exits

New positions opened: 172 | Existing positions closed: 99

47% more repeat investments, than reductions

Existing positions increased: 631 | Existing positions reduced: 430

20% more capital invested

Capital invested by funds: $69.9B → $84B (+$14.1B)

4% more funds holding

Funds holding: 1,3591,407 (+48)

3% more funds holding in top 10

Funds holding in top 10: 5860 (+2)

1.49% more ownership

Funds ownership: 443.26%444.74% (+1.5%)

2% more call options, than puts

Call options by funds: $1.31B | Put options by funds: $1.28B

Holders
1,407
Holders Change
+48
Holders Change %
+3.53%
% of All Funds
22.42%
Holding in Top 10
60
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+3.45%
% of All Funds
0.96%
New
172
Increased
631
Reduced
430
Closed
99
Calls
$1.31B
Puts
$1.28B
Net Calls
+$29.4M
Net Calls Change
+$189M
Name Holding Trade Value Shares
Change
Change in
Stake
Russell Investments Group
101
Russell Investments Group
United Kingdom
$116M +$14M +161,060 +15%
JMPWA
102
JP Morgan Private Wealth Advisors
California
$115M -$1.05M -12,030 -1%
Manulife (Manufacturers Life Insurance)
103
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$115M +$440K +5,050 +0.4%
Susquehanna International Group
104
Susquehanna International Group
Pennsylvania
$114M +$58.5M +671,870 +121%
Citigroup
105
Citigroup
New York
$113M -$287K -3,300 -0.3%
Point72 Asset Management
106
Point72 Asset Management
Connecticut
$111M +$104M +1,193,400 New
State Board of Administration of Florida Retirement System
107
State Board of Administration of Florida Retirement System
Florida
$108M -$2.07M -23,800 -2%
ClearBridge Investments
108
ClearBridge Investments
New York
$108M +$792K +9,090 +0.8%
New York State Teachers Retirement System (NYSTRS)
109
New York State Teachers Retirement System (NYSTRS)
New York
$105M +$435 +5 +0%
Dimensional Fund Advisors
110
Dimensional Fund Advisors
Texas
$103M +$783K +8,990 +0.8%
Toronto Dominion Bank
111
Toronto Dominion Bank
Ontario, Canada
$102M -$12.3M -141,605 -11%
Bank of Montreal
112
Bank of Montreal
Ontario, Canada
$99.4M -$40.9M -469,120 -31%
BCIM
113
British Columbia Investment Management
British Columbia, Canada
$98.4M +$421K +4,835 +0.5%
Federated Hermes
114
Federated Hermes
Pennsylvania
$96.2M +$1.14M +13,085 +1%
Mitsubishi UFJ Asset Management
115
Mitsubishi UFJ Asset Management
Japan
$95.8M +$4.35M +50,000 +5%
Natixis Advisors
116
Natixis Advisors
Massachusetts
$91.9M +$6.68M +76,690 +8%
APG Asset Management
117
APG Asset Management
Netherlands
$89M -$10.5M -120,275 -10%
KBC Group
118
KBC Group
Belgium
$88.4M +$8.17M +93,815 +11%
ZCI
119
Zevenbergen Capital Investments
Washington
$85.2M +$426K +4,895 +0.5%
Adage Capital Partners
120
Adage Capital Partners
Massachusetts
$85.2M -$24.9M -286,000 -24%
Lord, Abbett & Co
121
Lord, Abbett & Co
New Jersey
$84.7M +$79.4M +911,480 New
Canada Life
122
Canada Life
Manitoba, Canada
$83.7M +$2.02M +23,250 +3%
US Bancorp
123
US Bancorp
Minnesota
$83M -$25.3K -290 -0%
Korea Investment Corp
124
Korea Investment Corp
South Korea
$82.3M -$9.43M -108,275 -11%
FAM
125
Fred Alger Management
New York
$81.6M -$2.53M -29,025 -3%

NOW Hedge Fund Activity: Q1 2023 in Review

1,407 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in ServiceNow (NOW) for Q1 2023, worth a combined $84B — up 20% from $69.9B a quarter earlier.

Buyers outnumbered sellers: 172 funds opened new NOW positions and 99 closed out — a net gain of 73 holders — while 631 added to existing stakes and 430 trimmed.

The largest buyer was Bank of America, adding an estimated $728M. The largest seller was T. Rowe Price Associates, cutting an estimated $1.28B.

  • 1,407 institutional investors held ServiceNow (NOW) as of Q1 2023, up from 1,359 in Q4 2022.
  • Funds reported $84B of ServiceNow stock for Q1 2023, up 20% quarter-over-quarter.
  • 172 funds opened new ServiceNow positions in Q1 2023 and 99 closed out, a net change of +73 holders.
  • The largest ServiceNow buyer in Q1 2023 was Bank of America, an estimated $728M added.
  • The largest ServiceNow seller in Q1 2023 was T. Rowe Price Associates, an estimated $1.28B sold.

Based on aggregated 13F filings for Q1 2023.