ServiceNow
NOW
943 hedge funds and large institutions have $51.1B invested in ServiceNow in 2020 Q1 according to their latest regulatory filings, with 175 funds opening new positions, 383 increasing their positions, 302 reducing their positions, and 71 closing their positions.
146% more first-time investments, than exits
New positions opened: 175 | Existing positions closed: 71
27% more repeat investments, than reductions
Existing positions increased: 383 | Existing positions reduced: 302
12% more funds holding in top 10
Funds holding in top 10: 49 → 55 (+6)
11% more funds holding
Funds holding: 851 → 943 (+92)
2% less capital invested
Capital invested by funds: $52.2B → $51.1B (-$1.13B)
20.75% less ownership
Funds ownership: 489.87% → 469.12% (-21%)
31% less call options, than puts
Call options by funds: $922M | Put options by funds: $1.34B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$585M |
| 2 |
GQG Partners
Ft. Lauderdale,
Florida
|
+$395M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
+$372M |
| 4 |
Polen Capital Management
Boca Raton,
Florida
|
+$370M |
| 5 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$202M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Coatue Management
New York
|
-$831M |
| 2 |
Viking Global Investors
Stamford,
Connecticut
|
-$652M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$574M |
| 4 |
Capital World Investors
Los Angeles,
California
|
-$393M |
| 5 |
Capital International Investors
Los Angeles,
California
|
-$367M |
NOW Hedge Fund Activity: Q1 2020 in Review
943 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in ServiceNow (NOW) for Q1 2020, worth a combined $51.1B — down 2.2% from $52.2B a quarter earlier.
Buyers outnumbered sellers: 175 funds opened new NOW positions and 71 closed out — a net gain of 104 holders — while 383 added to existing stakes and 302 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $585M. The largest seller was Coatue Management, cutting an estimated $831M.
- 943 institutional investors held ServiceNow (NOW) as of Q1 2020, up from 851 in Q4 2019.
- Funds reported $51.1B of ServiceNow stock for Q1 2020, down 2.2% quarter-over-quarter.
- 175 funds opened new ServiceNow positions in Q1 2020 and 71 closed out, a net change of +104 holders.
- The largest ServiceNow buyer in Q1 2020 was Fidelity Investments, an estimated $585M added.
- The largest ServiceNow seller in Q1 2020 was Coatue Management, an estimated $831M sold.
Based on aggregated 13F filings for Q1 2020.