ServiceNow
NOW
1,750 hedge funds and large institutions have $132B invested in ServiceNow in 2023 Q4 according to their latest regulatory filings, with 318 funds opening new positions, 631 increasing their positions, 600 reducing their positions, and 108 closing their positions.
194% more first-time investments, than exits
New positions opened: 318 | Existing positions closed: 108
31% more capital invested
Capital invested by funds: $100B → $132B (+$31.6B)
28% more funds holding in top 10
Funds holding in top 10: 68 → 87 (+19)
17.71% more ownership
Funds ownership: 439.31% → 457.03% (+18%)
12% more funds holding
Funds holding: 1,563 → 1,750 (+187)
5% more repeat investments, than reductions
Existing positions increased: 631 | Existing positions reduced: 600
31% less call options, than puts
Call options by funds: $1.93B | Put options by funds: $2.79B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$4.16B |
| 2 |
JP Morgan Chase
New York
|
+$1.19B |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$502M |
| 4 |
BlackRock
New York
|
+$349M |
| 5 |
Cerity Partners
New York
|
+$234M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Winslow Capital Management
Minneapolis,
Minnesota
|
-$303M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$289M |
| 3 |
Sands Capital Management
Arlington,
Virginia
|
-$249M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$247M |
| 5 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$237M |
NOW Hedge Fund Activity: Q4 2023 in Review
1,750 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in ServiceNow (NOW) for Q4 2023, worth a combined $132B — up 31% from $100B a quarter earlier.
Buyers outnumbered sellers: 318 funds opened new NOW positions and 108 closed out — a net gain of 210 holders — while 631 added to existing stakes and 600 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $4.16B. The largest seller was Winslow Capital Management, cutting an estimated $303M.
- 1,750 institutional investors held ServiceNow (NOW) as of Q4 2023, up from 1,563 in Q3 2023.
- Funds reported $132B of ServiceNow stock for Q4 2023, up 31% quarter-over-quarter.
- 318 funds opened new ServiceNow positions in Q4 2023 and 108 closed out, a net change of +210 holders.
- The largest ServiceNow buyer in Q4 2023 was Morgan Stanley, an estimated $4.16B added.
- The largest ServiceNow seller in Q4 2023 was Winslow Capital Management, an estimated $303M sold.
Based on aggregated 13F filings for Q4 2023.