ServiceNow
NOW
1,127 hedge funds and large institutions have $84.2B invested in ServiceNow in 2020 Q3 according to their latest regulatory filings, with 139 funds opening new positions, 474 increasing their positions, 379 reducing their positions, and 73 closing their positions.
90% more first-time investments, than exits
New positions opened: 139 | Existing positions closed: 73
25% more repeat investments, than reductions
Existing positions increased: 474 | Existing positions reduced: 379
18% more capital invested
Capital invested by funds: $71.2B → $84.2B (+$13B)
6% more funds holding
Funds holding: 1,067 → 1,127 (+60)
2% more funds holding in top 10
Funds holding in top 10: 58 → 59 (+1)
7.26% less ownership
Funds ownership: 460.11% → 452.84% (-7.3%)
40% less call options, than puts
Call options by funds: $1.59B | Put options by funds: $2.64B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Tiger Global Management
New York
|
+$342M |
| 2 |
MCM
Melvin Capital Management
New York
|
+$239M |
| 3 |
VOYA Investment Management
Atlanta,
Georgia
|
+$210M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$192M |
| 5 |
GQG Partners
Ft. Lauderdale,
Florida
|
+$188M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
-$562M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$306M |
| 3 |
Holocene Advisors
New York
|
-$247M |
| 4 |
Sands Capital Management
Arlington,
Virginia
|
-$245M |
| 5 |
Capital International Investors
Los Angeles,
California
|
-$154M |
NOW Hedge Fund Activity: Q3 2020 in Review
1,127 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in ServiceNow (NOW) for Q3 2020, worth a combined $84.2B — up 18% from $71.2B a quarter earlier.
Buyers outnumbered sellers: 139 funds opened new NOW positions and 73 closed out — a net gain of 66 holders — while 474 added to existing stakes and 379 trimmed.
The largest buyer was Tiger Global Management, adding an estimated $342M. The largest seller was Capital World Investors, cutting an estimated $562M.
- 1,127 institutional investors held ServiceNow (NOW) as of Q3 2020, up from 1,067 in Q2 2020.
- Funds reported $84.2B of ServiceNow stock for Q3 2020, up 18% quarter-over-quarter.
- 139 funds opened new ServiceNow positions in Q3 2020 and 73 closed out, a net change of +66 holders.
- The largest ServiceNow buyer in Q3 2020 was Tiger Global Management, an estimated $342M added.
- The largest ServiceNow seller in Q3 2020 was Capital World Investors, an estimated $562M sold.
Based on aggregated 13F filings for Q3 2020.