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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
Federated Hermes
101
Federated Hermes
Pennsylvania
$133M +$14.8M +147,805 +14%
Mariner
102
Mariner
Kansas
$132M +$31.9M +319,275 +37%
Manulife (Manufacturers Life Insurance)
103
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$132M -$6.14M -61,400 -5%
Victory Capital Management
104
Victory Capital Management
Texas
$131M -$30.7M -307,080 -21%
Nomura Asset Management
105
Nomura Asset Management
Japan
$131M -$21.6M -215,655 -16%
FAM
106
Fred Alger Management
New York
$129M +$26.6M +265,940 +30%
Citigroup
107
Citigroup
New York
$128M -$8.34M -83,455 -7%
MP
108
Munro Partners
Australia
$127M +$39.5M +394,875 +54%
Dimensional Fund Advisors
109
Dimensional Fund Advisors
Texas
$127M +$1.9M +18,955 +2%
Arrowstreet Capital
110
Arrowstreet Capital
Massachusetts
$124M -$172M -1,722,350 -61%
State Board of Administration of Florida Retirement System
111
State Board of Administration of Florida Retirement System
Florida
$123M -$6.88M -68,845 -6%
New York State Teachers Retirement System (NYSTRS)
112
New York State Teachers Retirement System (NYSTRS)
New York
$122M -$4.12M -41,220 -4%
Lord, Abbett & Co
113
Lord, Abbett & Co
New Jersey
$120M +$15.6M +155,880 +17%
Mitsubishi UFJ Asset Management
114
Mitsubishi UFJ Asset Management
Japan
$118M +$1.75M +17,540 +2%
Jane Street
115
Jane Street
New York
$117M +$90.9M +909,075 +688%
Adage Capital Partners
116
Adage Capital Partners
Massachusetts
$114M +$9.85M +98,500 +11%
Natixis Advisors
117
Natixis Advisors
Massachusetts
$112M +$856K +8,565 +0.9%
CIM
118
CCLA Investment Management
United Kingdom
$110M +$15M +149,805 +18%
Toronto Dominion Bank
119
Toronto Dominion Bank
Ontario, Canada
$110M -$12.3M -122,550 -11%
CS
120
Candriam SCA
Luxembourg
$104M +$20.3M +202,835 +28%
APG Asset Management
121
APG Asset Management
Netherlands
$104M -$3.4M -33,965 -3%
US Bancorp
122
US Bancorp
Minnesota
$101M +$345K +3,455 +0.4%
ZCI
123
Zevenbergen Capital Investments
Washington
$99.2M -$3.43M -34,315 -4%
Canada Life
124
Canada Life
Manitoba, Canada
$97.5M -$3.61M -36,135 -4%
BCIM
125
British Columbia Investment Management
British Columbia, Canada
$97M -$19.6M -196,215 -19%

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.