ServiceNow
NOW
425 hedge funds and large institutions have $20.5B invested in ServiceNow in 2017 Q3 according to their latest regulatory filings, with 60 funds opening new positions, 170 increasing their positions, 137 reducing their positions, and 25 closing their positions.
140% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 25
31% more capital inflows, than outflows
Capital inflows: $1.63B | Capital outflows: $1.24B
24% more repeat investments, than reductions
Existing positions increased: 170 | Existing positions reduced: 137
21% more funds holding in top 10
Funds holding in top 10: 14 → 17 (+3)
8% more funds holding
Funds holding: 394 → 425 (+31)
1.97% more ownership
Funds ownership: 100.72% → 102.68% (+2%)
60% less call options, than puts
Call options by funds: $148M | Put options by funds: $369M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
+$241M |
| 2 |
Lone Pine Capital
Greenwich,
Connecticut
|
+$228M |
| 3 |
Sands Capital Management
Arlington,
Virginia
|
+$154M |
| 4 |
Two Sigma Advisers
New York
|
+$72.2M |
| 5 |
HCM
Hitchwood Capital Management
New York
|
+$65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$246M |
| 2 |
Coatue Management
New York
|
-$184M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$146M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$60.6M |
| 5 |
DFO
Duquesne Family Office
New York
|
-$45.4M |
NOW Hedge Fund Activity: Q3 2017 in Review
425 of the 4,023 institutional investors tracked by Wall St. Rank reported a position in ServiceNow (NOW) for Q3 2017, worth a combined $20.5B — up 13% from $18.1B a quarter earlier.
Buyers outnumbered sellers: 60 funds opened new NOW positions and 25 closed out — a net gain of 35 holders — while 170 added to existing stakes and 137 trimmed.
The largest buyer was Capital Research Global Investors, adding an estimated $241M. The largest seller was Fidelity Investments, cutting an estimated $246M.
- 425 institutional investors held ServiceNow (NOW) as of Q3 2017, up from 394 in Q2 2017.
- Funds reported $20.5B of ServiceNow stock for Q3 2017, up 13% quarter-over-quarter.
- 60 funds opened new ServiceNow positions in Q3 2017 and 25 closed out, a net change of +35 holders.
- The largest ServiceNow buyer in Q3 2017 was Capital Research Global Investors, an estimated $241M added.
- The largest ServiceNow seller in Q3 2017 was Fidelity Investments, an estimated $246M sold.
Based on aggregated 13F filings for Q3 2017.