ServiceNow
1,817 hedge funds and large institutions have $136B invested in ServiceNow in 2024 Q1 according to their latest regulatory filings, with 191 funds opening new positions, 764 increasing their positions, 637 reducing their positions, and 98 closing their positions.
95% more first-time investments, than exits
New positions opened: 191 | Existing positions closed: 98
20% more repeat investments, than reductions
Existing positions increased: 764 | Existing positions reduced: 637
4% more funds holding
Funds holding: 1,750 → 1,817 (+67)
3% more capital invested
Capital invested by funds: $132B → $136B (+$3.8B)
20.6% less ownership
Funds ownership: 457.03% → 436.43% (-21%)
21% less funds holding in top 10
Funds holding in top 10: 87 → 69 (-18)
30% less call options, than puts
Call options by funds: $2.46B | Put options by funds: $3.5B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$890M |
| 2 |
GAA
Global Assets Advisory
Orlando,
Florida
|
+$400M |
| 3 |
Millennium Management
New York
|
+$352M |
| 4 |
BlackRock
New York
|
+$252M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$251M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$5.36B |
| 2 |
Polen Capital Management
Boca Raton,
Florida
|
-$859M |
| 3 |
Swedbank
Stockholm,
Sweden
|
-$832M |
| 4 |
Edgewood Management
Greenwich,
Connecticut
|
-$491M |
| 5 |
Capital Research Global Investors
Los Angeles,
California
|
-$344M |
NOW Hedge Fund Activity: Q1 2024 in Review
1,817 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in ServiceNow (NOW) for Q1 2024, worth a combined $136B — up 2.9% from $132B a quarter earlier.
Buyers outnumbered sellers: 191 funds opened new NOW positions and 98 closed out — a net gain of 93 holders — while 764 added to existing stakes and 637 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $890M. The largest seller was Morgan Stanley, cutting an estimated $5.36B.
- 1,817 institutional investors held ServiceNow (NOW) as of Q1 2024, up from 1,750 in Q4 2023.
- Funds reported $136B of ServiceNow stock for Q1 2024, up 2.9% quarter-over-quarter.
- 191 funds opened new ServiceNow positions in Q1 2024 and 98 closed out, a net change of +93 holders.
- The largest ServiceNow buyer in Q1 2024 was JP Morgan Chase, an estimated $890M added.
- The largest ServiceNow seller in Q1 2024 was Morgan Stanley, an estimated $5.36B sold.
Based on aggregated 13F filings for Q1 2024.