ServiceNow
NOW
335 hedge funds and large institutions have $13B invested in ServiceNow in 2016 Q3 according to their latest regulatory filings, with 50 funds opening new positions, 131 increasing their positions, 104 reducing their positions, and 43 closing their positions.
26% more repeat investments, than reductions
Existing positions increased: 131 | Existing positions reduced: 104
24% more capital invested
Capital invested by funds: $10.5B → $13B (+$2.51B)
18% more funds holding in top 10
Funds holding in top 10: 11 → 13 (+2)
16% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 43
2.86% more ownership
Funds ownership: 97.33% → 100.19% (+2.9%)
1% more funds holding
Funds holding: 333 → 335 (+2)
85% less call options, than puts
Call options by funds: $64.9M | Put options by funds: $435M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$253M |
| 2 |
PHS
PFM Health Sciences
San Francisco,
California
|
+$63M |
| 3 |
JCAM
Jericho Capital Asset Management
New York
|
+$62.8M |
| 4 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$42.7M |
| 5 |
Allianz Asset Management
Munich,
Germany
|
+$42.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$103M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$46.7M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$44.8M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$41.1M |
| 5 |
Franklin Resources
San Mateo,
California
|
-$32.5M |
NOW Hedge Fund Activity: Q3 2016 in Review
335 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in ServiceNow (NOW) for Q3 2016, worth a combined $13B — up 24% from $10.5B a quarter earlier.
Buyers outnumbered sellers: 50 funds opened new NOW positions and 43 closed out — a net gain of 7 holders — while 131 added to existing stakes and 104 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $253M. The largest seller was Wellington Management Group, cutting an estimated $103M.
- 335 institutional investors held ServiceNow (NOW) as of Q3 2016, up from 333 in Q2 2016.
- Funds reported $13B of ServiceNow stock for Q3 2016, up 24% quarter-over-quarter.
- 50 funds opened new ServiceNow positions in Q3 2016 and 43 closed out, a net change of +7 holders.
- The largest ServiceNow buyer in Q3 2016 was T. Rowe Price Associates, an estimated $253M added.
- The largest ServiceNow seller in Q3 2016 was Wellington Management Group, an estimated $103M sold.
Based on aggregated 13F filings for Q3 2016.