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ServiceNow

1,501 hedge funds and large institutions have $102B invested in ServiceNow in 2023 Q2 according to their latest regulatory filings, with 190 funds opening new positions, 615 increasing their positions, 489 reducing their positions, and 89 closing their positions.

New
Increased
Maintained
Reduced
Closed

113% more first-time investments, than exits

New positions opened: 190 | Existing positions closed: 89

26% more repeat investments, than reductions

Existing positions increased: 615 | Existing positions reduced: 489

21% more capital invested

Capital invested by funds: $84B → $102B (+$17.5B)

18% more funds holding in top 10

Funds holding in top 10: 6071 (+11)

7% more funds holding

Funds holding: 1,4071,501 (+94)

7% more call options, than puts

Call options by funds: $1.74B | Put options by funds: $1.62B

0.79% less ownership

Funds ownership: 444.74%443.96% (-0.79%)

Holders
1,501
Holders Change
+94
Holders Change %
+6.68%
% of All Funds
23.57%
Holding in Top 10
71
Holding in Top 10 Change
+11
Holding in Top 10 Change %
+18.33%
% of All Funds
1.11%
New
190
Increased
615
Reduced
489
Closed
89
Calls
$1.74B
Puts
$1.62B
Net Calls
+$116M
Net Calls Change
+$86.4M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$9.91B +$116M +1,160,845 +1%
BlackRock
2
BlackRock
New York
$8.48B -$209M -2,094,585 -3%
T. Rowe Price Associates
3
T. Rowe Price Associates
Maryland
$5.77B -$815M -8,153,950 -14%
State Street
4
State Street
Massachusetts
$4.63B +$79.1M +790,825 +2%
Morgan Stanley
5
Morgan Stanley
New York
$3.99B +$515K +5,150 +0%
Polen Capital Management
6
Polen Capital Management
Florida
$2.37B -$98.9M -988,950 -4%
Capital International Investors
7
Capital International Investors
California
$2.28B +$63.2M +631,630 +3%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$2.07B +$56.3M +562,720 +3%
Fidelity Investments
9
Fidelity Investments
Massachusetts
$1.93B +$584M +5,841,050 +51%
Capital Research Global Investors
10
Capital Research Global Investors
California
$1.93B -$144M -1,444,995 -8%
Franklin Resources
11
Franklin Resources
California
$1.81B +$684K +6,845 +0%
Bank of America
12
Bank of America
North Carolina
$1.81B -$72.3M -723,560 -4%
Edgewood Management
13
Edgewood Management
Connecticut
$1.81B -$70.2M -702,380 -4%
Wellington Management Group
14
Wellington Management Group
Massachusetts
$1.36B +$422M +4,220,355 +53%
Norges Bank
15
Norges Bank
Norway
$1.32B +$32.2M +322,220 +3%
Brown Advisory
16
Brown Advisory
Maryland
$1.25B -$8.23M -82,270 -0.7%
Sands Capital Management
17
Sands Capital Management
Virginia
$1.24B -$84.2M -841,865 -7%
N
18
Nuveen
North Carolina
$1.23B -$207M -2,073,390 -16%
Northern Trust
19
Northern Trust
Illinois
$1.22B -$32.6M -325,965 -3%
AllianceBernstein
20
AllianceBernstein
Tennessee
$1.2B +$174M +1,737,210 +19%
Massachusetts Financial Services
21
Massachusetts Financial Services
Massachusetts
$1.2B +$169M +1,691,125 +19%
JP Morgan Chase
22
JP Morgan Chase
New York
$1.17B +$28.4M +284,240 +3%
Jennison Associates
23
Jennison Associates
New York
$1.13B +$1B +10,029,285 New
Bank of New York Mellon
24
Bank of New York Mellon
New York
$952M -$20.5M -205,495 -2%
VOYA Investment Management
25
VOYA Investment Management
Georgia
$922M -$140M -1,396,045 -15%

NOW Hedge Fund Activity: Q2 2023 in Review

1,501 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in ServiceNow (NOW) for Q2 2023, worth a combined $102B — up 21% from $84B a quarter earlier.

Buyers outnumbered sellers: 190 funds opened new NOW positions and 89 closed out — a net gain of 101 holders — while 615 added to existing stakes and 489 trimmed.

The largest buyer was Jennison Associates, opening a new position worth an estimated $1B. The largest seller was T. Rowe Price Associates, cutting an estimated $815M.

  • 1,501 institutional investors held ServiceNow (NOW) as of Q2 2023, up from 1,407 in Q1 2023.
  • Funds reported $102B of ServiceNow stock for Q2 2023, up 21% quarter-over-quarter.
  • 190 funds opened new ServiceNow positions in Q2 2023 and 89 closed out, a net change of +101 holders.
  • The largest ServiceNow buyer in Q2 2023 was Jennison Associates, an estimated $1B added.
  • The largest ServiceNow seller in Q2 2023 was T. Rowe Price Associates, an estimated $815M sold.

Based on aggregated 13F filings for Q2 2023.