ServiceNow
NOW
350 hedge funds and large institutions have $12.2B invested in ServiceNow in 2016 Q4 according to their latest regulatory filings, with 68 funds opening new positions, 112 increasing their positions, 122 reducing their positions, and 45 closing their positions.
51% more first-time investments, than exits
New positions opened: 68 | Existing positions closed: 45
4% more funds holding
Funds holding: 335 → 350 (+15)
8% less repeat investments, than reductions
Existing positions increased: 112 | Existing positions reduced: 122
7% less capital invested
Capital invested by funds: $13B → $12.2B (-$850M)
7.12% less ownership
Funds ownership: 500.93% → 493.81% (-7.1%)
8% less funds holding in top 10
Funds holding in top 10: 13 → 12 (-1)
87% less call options, than puts
Call options by funds: $57M | Put options by funds: $424M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Sands Capital Management
Arlington,
Virginia
|
+$307M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$138M |
| 3 |
Morgan Stanley
New York
|
+$130M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
+$105M |
| 5 |
MNA
Manning & Napier Advisors
Fairport,
New York
|
+$83.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$182M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$166M |
| 3 |
SIM
SRS Investment Management
New York
|
-$75.4M |
| 4 |
PHS
PFM Health Sciences
San Francisco,
California
|
-$67.7M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
-$65.6M |
NOW Hedge Fund Activity: Q4 2016 in Review
350 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in ServiceNow (NOW) for Q4 2016, worth a combined $12.2B — down 6.5% from $13B a quarter earlier.
Buyers outnumbered sellers: 68 funds opened new NOW positions and 45 closed out — a net gain of 23 holders — while 112 added to existing stakes and 122 trimmed.
The largest buyer was Sands Capital Management, adding an estimated $307M. The largest seller was Ameriprise, cutting an estimated $182M.
- 350 institutional investors held ServiceNow (NOW) as of Q4 2016, up from 335 in Q3 2016.
- Funds reported $12.2B of ServiceNow stock for Q4 2016, down 6.5% quarter-over-quarter.
- 68 funds opened new ServiceNow positions in Q4 2016 and 45 closed out, a net change of +23 holders.
- The largest ServiceNow buyer in Q4 2016 was Sands Capital Management, an estimated $307M added.
- The largest ServiceNow seller in Q4 2016 was Ameriprise, an estimated $182M sold.
Based on aggregated 13F filings for Q4 2016.