ServiceNow
NOW
256 hedge funds and large institutions have $8.02B invested in ServiceNow in 2014 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 112 increasing their positions, 75 reducing their positions, and 48 closing their positions.
49% more repeat investments, than reductions
Existing positions increased: 112 | Existing positions reduced: 75
33.5% more ownership
Funds ownership: 415.96% → 449.46% (+33%)
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
14% more capital invested
Capital invested by funds: $7.02B → $8.02B (+$1B)
3% less funds holding
Funds holding: 265 → 256 (-9)
19% less first-time investments, than exits
New positions opened: 39 | Existing positions closed: 48
20% less call options, than puts
Call options by funds: $33.3M | Put options by funds: $41.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Criterion Capital Management
San Francisco,
California
|
+$161M |
| 2 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$160M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$103M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$80.1M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
+$69.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$144M |
| 2 |
GP
GLG Partners
London,
United Kingdom
|
-$58.8M |
| 3 |
JCMLC
JAT Capital Management LP (Connecticut)
Greenwich,
Connecticut
|
-$42.8M |
| 4 |
RIM
Rainier Investment Management
Seattle,
Washington
|
-$42M |
| 5 |
Bank of New York Mellon
New York
|
-$21.9M |
NOW Hedge Fund Activity: Q2 2014 in Review
256 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in ServiceNow (NOW) for Q2 2014, worth a combined $8.02B — up 14% from $7.02B a quarter earlier.
Sellers outnumbered buyers: 48 funds closed out of NOW and 39 opened new positions — a net loss of 9 holders — while 75 trimmed existing stakes and 112 added.
The largest buyer was Criterion Capital Management, adding an estimated $161M. The largest seller was Fidelity Investments, cutting an estimated $144M.
- 256 institutional investors held ServiceNow (NOW) as of Q2 2014, down from 265 in Q1 2014.
- Funds reported $8.02B of ServiceNow stock for Q2 2014, up 14% quarter-over-quarter.
- 39 funds opened new ServiceNow positions in Q2 2014 and 48 closed out, a net change of -9 holders.
- The largest ServiceNow buyer in Q2 2014 was Criterion Capital Management, an estimated $161M added.
- The largest ServiceNow seller in Q2 2014 was Fidelity Investments, an estimated $144M sold.
Based on aggregated 13F filings for Q2 2014.