ServiceNow
NOW
394 hedge funds and large institutions have $18.1B invested in ServiceNow in 2017 Q2 according to their latest regulatory filings, with 74 funds opening new positions, 134 increasing their positions, 132 reducing their positions, and 54 closing their positions.
37% more first-time investments, than exits
New positions opened: 74 | Existing positions closed: 54
27% more capital invested
Capital invested by funds: $14.3B → $18.1B (+$3.85B)
17% more funds holding in top 10
Funds holding in top 10: 12 → 14 (+2)
11.77% more ownership
Funds ownership: 491.82% → 503.59% (+12%)
5% more funds holding
Funds holding: 376 → 394 (+18)
2% more repeat investments, than reductions
Existing positions increased: 134 | Existing positions reduced: 132
59% less call options, than puts
Call options by funds: $113M | Put options by funds: $275M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPC
Lone Pine Capital
Greenwich,
Connecticut
|
+$316M |
| 2 |
Morgan Stanley
New York
|
+$309M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$292M |
| 4 |
Capital World Investors
Los Angeles,
California
|
+$240M |
| 5 |
Coatue Management
New York
|
+$170M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$238M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$123M |
| 3 |
CCM
Criterion Capital Management
San Francisco,
California
|
-$118M |
| 4 |
Millennium Management
New York
|
-$116M |
| 5 |
JP Morgan Chase
New York
|
-$74.7M |
NOW Hedge Fund Activity: Q2 2017 in Review
394 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in ServiceNow (NOW) for Q2 2017, worth a combined $18.1B — up 27% from $14.3B a quarter earlier.
Buyers outnumbered sellers: 74 funds opened new NOW positions and 54 closed out — a net gain of 20 holders — while 134 added to existing stakes and 132 trimmed.
The largest buyer was Lone Pine Capital, opening a new position worth an estimated $316M. The largest seller was Citadel Advisors, cutting an estimated $238M.
- 394 institutional investors held ServiceNow (NOW) as of Q2 2017, up from 376 in Q1 2017.
- Funds reported $18.1B of ServiceNow stock for Q2 2017, up 27% quarter-over-quarter.
- 74 funds opened new ServiceNow positions in Q2 2017 and 54 closed out, a net change of +20 holders.
- The largest ServiceNow buyer in Q2 2017 was Lone Pine Capital, an estimated $316M added.
- The largest ServiceNow seller in Q2 2017 was Citadel Advisors, an estimated $238M sold.
Based on aggregated 13F filings for Q2 2017.