ServiceNow
NOW
376 hedge funds and large institutions have $14.3B invested in ServiceNow in 2017 Q1 according to their latest regulatory filings, with 74 funds opening new positions, 148 increasing their positions, 118 reducing their positions, and 39 closing their positions.
90% more first-time investments, than exits
New positions opened: 74 | Existing positions closed: 39
25% more repeat investments, than reductions
Existing positions increased: 148 | Existing positions reduced: 118
17% more capital invested
Capital invested by funds: $12.2B → $14.3B (+$2.09B)
7% more funds holding
Funds holding: 350 → 376 (+26)
0% more funds holding in top 10
Funds holding in top 10: 12 → 12 (0)
1.99% less ownership
Funds ownership: 493.81% → 491.82% (-2%)
89% less call options, than puts
Call options by funds: $54.8M | Put options by funds: $516M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$679M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$136M |
| 3 |
Sands Capital Management
Arlington,
Virginia
|
+$109M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$86.7M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$84.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$567M |
| 2 |
MNA
Manning & Napier Advisors
Fairport,
New York
|
-$215M |
| 3 |
JP Morgan Chase
New York
|
-$70.4M |
| 4 |
UBS AM
Chicago,
Illinois
|
-$45.5M |
| 5 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$42.2M |
NOW Hedge Fund Activity: Q1 2017 in Review
376 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in ServiceNow (NOW) for Q1 2017, worth a combined $14.3B — up 17% from $12.2B a quarter earlier.
Buyers outnumbered sellers: 74 funds opened new NOW positions and 39 closed out — a net gain of 35 holders — while 148 added to existing stakes and 118 trimmed.
The largest buyer was BlackRock, adding an estimated $679M. The largest seller was T. Rowe Price Associates, cutting an estimated $567M.
- 376 institutional investors held ServiceNow (NOW) as of Q1 2017, up from 350 in Q4 2016.
- Funds reported $14.3B of ServiceNow stock for Q1 2017, up 17% quarter-over-quarter.
- 74 funds opened new ServiceNow positions in Q1 2017 and 39 closed out, a net change of +35 holders.
- The largest ServiceNow buyer in Q1 2017 was BlackRock, an estimated $679M added.
- The largest ServiceNow seller in Q1 2017 was T. Rowe Price Associates, an estimated $567M sold.
Based on aggregated 13F filings for Q1 2017.