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ServiceNow
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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
1,817
Holders Change
+67
Holders Change %
+3.83%
% of All Funds
26.17%
Holding in Top 10
69
Holding in Top 10 Change
-18
Holding in Top 10 Change %
-20.69%
% of All Funds
0.99%
New
191
Increased
764
Reduced
637
Closed
98
Calls
$2.46B
Puts
$3.5B
Net Calls
-$1.03B
Net Calls Change
-$183M

Top Buyers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
+$890M
2
GAA
Global Assets Advisory
Florida
+$400M
3
Millennium Management
Millennium Management
New York
+$352M
4
BlackRock
BlackRock
New York
+$252M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$251M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$5.36B
2
Polen Capital Management
Polen Capital Management
Florida
-$859M
3
Swedbank
Swedbank
Sweden
-$832M
4
Edgewood Management
Edgewood Management
Connecticut
-$491M
5
Capital Research Global Investors
Capital Research Global Investors
California
-$344M
Name Holding Trade Value Shares
Change 		Change in
Stake
TFGT
1901
TS Financial Group (TSFG)
Illinois
– -$9K -65 Closed
LF
1902
Lee Financial
Texas
– -$8.48K -60 Closed
PP
1903
PFS Partners
New Jersey
– -$8.48K -60 Closed
TVAMP
1904
Tennessee Valley Asset Management Partners
Tennessee
– -$8.48K -60 Closed
QL
1905
Quarry LP
New York
– -$7.07K -50 Closed
FCAS
1906
First Command Advisory Services
Texas
– -$6.36K -45 Closed
AF
1907
Arrow Financial
New York
– -$5.65K -40 Closed
LFA
1908
Level Financial Advisors
New York
– -$5.65K -40 Closed
FWM
1909
Focused Wealth Management
New York
– -$4.24K -30 Closed
AWM
1910
Able Wealth Management
New Jersey
– -$3.53K -25 Closed
CTB
1911
Country Trust Bank
Illinois
– -$3.53K -25 Closed
PVH
1912
Psagot Value Holdings
Israel
– -$3K -20 Closed
SFA
1913
Semmax Financial Advisors
North Carolina
– -$3.1K -20 Closed
BGAI
1914
Bruce G. Allen Investments
Colorado
– -$1.41K -10 Closed
ORAM
1915
One River Asset Management
Connecticut
– -$707 -5 Closed
73 74 75 76
77

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.