ServiceNow
NOW
1,937 hedge funds and large institutions have $163B invested in ServiceNow in 2024 Q3 according to their latest regulatory filings, with 203 funds opening new positions, 769 increasing their positions, 710 reducing their positions, and 118 closing their positions.
72% more first-time investments, than exits
New positions opened: 203 | Existing positions closed: 118
15% more capital invested
Capital invested by funds: $142B → $163B (+$20.7B)
3.88% more ownership
Funds ownership: 440.82% → 444.7% (+3.9%)
3% more funds holding
Funds holding: 1,873 → 1,937 (+64)
1% more funds holding in top 10
Funds holding in top 10: 77 → 78 (+1)
8% more repeat investments, than reductions
Existing positions increased: 769 | Existing positions reduced: 710
16% less call options, than puts
Call options by funds: $3.55B | Put options by funds: $4.22B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
+$973M |
| 2 |
JP Morgan Chase
New York
|
+$858M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$769M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$506M |
| 5 |
DZ Bank
Frankfurt Am Main,
Germany
|
+$428M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$930M |
| 2 |
Amundi
Paris,
France
|
-$439M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$219M |
| 4 |
Polen Capital Management
Boca Raton,
Florida
|
-$213M |
| 5 |
SGA
Sustainable Growth Advisers
Stamford,
Connecticut
|
-$186M |
NOW Hedge Fund Activity: Q3 2024 in Review
1,937 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in ServiceNow (NOW) for Q3 2024, worth a combined $163B — up 15% from $142B a quarter earlier.
Buyers outnumbered sellers: 203 funds opened new NOW positions and 118 closed out — a net gain of 85 holders — while 769 added to existing stakes and 710 trimmed.
The largest buyer was International Assets Investment Management, adding an estimated $973M. The largest seller was Morgan Stanley, cutting an estimated $930M.
- 1,937 institutional investors held ServiceNow (NOW) as of Q3 2024, up from 1,873 in Q2 2024.
- Funds reported $163B of ServiceNow stock for Q3 2024, up 15% quarter-over-quarter.
- 203 funds opened new ServiceNow positions in Q3 2024 and 118 closed out, a net change of +85 holders.
- The largest ServiceNow buyer in Q3 2024 was International Assets Investment Management, an estimated $973M added.
- The largest ServiceNow seller in Q3 2024 was Morgan Stanley, an estimated $930M sold.
Based on aggregated 13F filings for Q3 2024.