ServiceNow
NOW
1,320 hedge funds and large institutions have $67.5B invested in ServiceNow in 2022 Q3 according to their latest regulatory filings, with 117 funds opening new positions, 521 increasing their positions, 518 reducing their positions, and 146 closing their positions.
1% more repeat investments, than reductions
Existing positions increased: 521 | Existing positions reduced: 518
2.69% less ownership
Funds ownership: 446.1% → 443.41% (-2.7%)
4% less funds holding
Funds holding: 1,374 → 1,320 (-54)
20% less first-time investments, than exits
New positions opened: 117 | Existing positions closed: 146
20% less call options, than puts
Call options by funds: $1,000M | Put options by funds: $1.25B
20% less capital invested
Capital invested by funds: $84.6B → $67.5B (-$17.2B)
29% less funds holding in top 10
Funds holding in top 10: 85 → 60 (-25)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VOYA Investment Management
Atlanta,
Georgia
|
+$431M |
| 2 |
GQG Partners
Ft. Lauderdale,
Florida
|
+$413M |
| 3 |
Polen Capital Management
Boca Raton,
Florida
|
+$372M |
| 4 |
Janus Henderson Group
London,
United Kingdom
|
+$292M |
| 5 |
Tiger Global Management
New York
|
+$260M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPC
Lone Pine Capital
Greenwich,
Connecticut
|
-$615M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
-$448M |
| 3 |
DZ Bank
Frankfurt Am Main,
Germany
|
-$360M |
| 4 |
WCM Investment Management
Laguna Beach,
California
|
-$166M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
-$145M |
NOW Hedge Fund Activity: Q3 2022 in Review
1,320 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in ServiceNow (NOW) for Q3 2022, worth a combined $67.5B — down 20% from $84.6B a quarter earlier.
Sellers outnumbered buyers: 146 funds closed out of NOW and 117 opened new positions — a net loss of 29 holders — while 518 trimmed existing stakes and 521 added.
The largest buyer was VOYA Investment Management, adding an estimated $431M. The largest seller was Lone Pine Capital, exiting entirely with an estimated $615M sold.
- 1,320 institutional investors held ServiceNow (NOW) as of Q3 2022, down from 1,374 in Q2 2022.
- Funds reported $67.5B of ServiceNow stock for Q3 2022, down 20% quarter-over-quarter.
- 117 funds opened new ServiceNow positions in Q3 2022 and 146 closed out, a net change of -29 holders.
- The largest ServiceNow buyer in Q3 2022 was VOYA Investment Management, an estimated $431M added.
- The largest ServiceNow seller in Q3 2022 was Lone Pine Capital, an estimated $615M sold.
Based on aggregated 13F filings for Q3 2022.