ServiceNow
NOW
1,408 hedge funds and large institutions have $83.9B invested in ServiceNow in 2023 Q1 according to their latest regulatory filings, with 173 funds opening new positions, 630 increasing their positions, 431 reducing their positions, and 99 closing their positions.
75% more first-time investments, than exits
New positions opened: 173 | Existing positions closed: 99
46% more repeat investments, than reductions
Existing positions increased: 630 | Existing positions reduced: 431
21% more capital invested
Capital invested by funds: $69.6B → $83.9B (+$14.3B)
4% more funds holding
Funds holding: 1,359 → 1,408 (+49)
3% more funds holding in top 10
Funds holding in top 10: 58 → 60 (+2)
1.82% more ownership
Funds ownership: 442.69% → 444.51% (+1.8%)
2% more call options, than puts
Call options by funds: $1.31B | Put options by funds: $1.28B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$728M |
| 2 |
GQG Partners
Ft. Lauderdale,
Florida
|
+$668M |
| 3 |
SGA
Sustainable Growth Advisers
Stamford,
Connecticut
|
+$279M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
+$266M |
| 5 |
VOYA Investment Management
Atlanta,
Georgia
|
+$143M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$1.28B |
| 2 |
OTPPB
Ontario Teachers' Pension Plan Board
Toronto,
Ontario, Canada
|
-$329M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
-$204M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$151M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$136M |
NOW Hedge Fund Activity: Q1 2023 in Review
1,408 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in ServiceNow (NOW) for Q1 2023, worth a combined $83.9B — up 21% from $69.6B a quarter earlier.
Buyers outnumbered sellers: 173 funds opened new NOW positions and 99 closed out — a net gain of 74 holders — while 630 added to existing stakes and 431 trimmed.
The largest buyer was Bank of America, adding an estimated $728M. The largest seller was T. Rowe Price Associates, cutting an estimated $1.28B.
- 1,408 institutional investors held ServiceNow (NOW) as of Q1 2023, up from 1,359 in Q4 2022.
- Funds reported $83.9B of ServiceNow stock for Q1 2023, up 21% quarter-over-quarter.
- 173 funds opened new ServiceNow positions in Q1 2023 and 99 closed out, a net change of +74 holders.
- The largest ServiceNow buyer in Q1 2023 was Bank of America, an estimated $728M added.
- The largest ServiceNow seller in Q1 2023 was T. Rowe Price Associates, an estimated $1.28B sold.
Based on aggregated 13F filings for Q1 2023.