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ServiceNow

1,563 hedge funds and large institutions have $100B invested in ServiceNow in 2023 Q3 according to their latest regulatory filings, with 164 funds opening new positions, 611 increasing their positions, 572 reducing their positions, and 84 closing their positions.

New
Increased
Maintained
Reduced
Closed

95% more first-time investments, than exits

New positions opened: 164 | Existing positions closed: 84

4% more funds holding

Funds holding: 1,5011,563 (+62)

7% more repeat investments, than reductions

Existing positions increased: 611 | Existing positions reduced: 572

1% less capital invested

Capital invested by funds: $102B → $100B (-$1.04B)

4% less funds holding in top 10

Funds holding in top 10: 7168 (-3)

4.64% less ownership

Funds ownership: 443.96%439.31% (-4.6%)

26% less call options, than puts

Call options by funds: $1.36B | Put options by funds: $1.85B

Holders
1,563
Holders Change
+62
Holders Change %
+4.13%
% of All Funds
24.8%
Holding in Top 10
68
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-4.23%
% of All Funds
1.08%
New
164
Increased
611
Reduced
572
Closed
84
Calls
$1.36B
Puts
$1.85B
Net Calls
-$491M
Net Calls Change
-$607M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$9.92B +$69.9M +612,885 +0.7%
BlackRock
2
BlackRock
New York
$8.53B +$101M +882,485 +1%
T. Rowe Price Associates
3
T. Rowe Price Associates
Maryland
$5B -$756M -6,623,080 -13%
State Street
4
State Street
Massachusetts
$4.52B -$89.8M -786,930 -2%
Morgan Stanley
5
Morgan Stanley
New York
$3.94B -$31.5M -276,120 -0.8%
Fidelity Investments
6
Fidelity Investments
Massachusetts
$2.26B +$340M +2,978,485 +17%
Capital International Investors
7
Capital International Investors
California
$2.24B -$32.4M -284,160 -1%
Polen Capital Management
8
Polen Capital Management
Florida
$2.23B -$126M -1,102,165 -5%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$2.11B +$49.5M +433,460 +2%
Capital Research Global Investors
10
Capital Research Global Investors
California
$1.9B -$12.7M -111,520 -0.7%
Bank of America
11
Bank of America
North Carolina
$1.77B -$29.6M -259,265 -2%
Franklin Resources
12
Franklin Resources
California
$1.77B -$36.5M -319,850 -2%
Edgewood Management
13
Edgewood Management
Connecticut
$1.73B -$73.1M -640,660 -4%
Jennison Associates
14
Jennison Associates
New York
$1.38B +$263M +2,308,070 +23%
Norges Bank
15
Norges Bank
Norway
$1.33B +$12.6M +110,210 +0.9%
Wellington Management Group
16
Wellington Management Group
Massachusetts
$1.27B -$87.8M -769,795 -6%
Northern Trust
17
Northern Trust
Illinois
$1.23B +$22.4M +196,295 +2%
Massachusetts Financial Services
18
Massachusetts Financial Services
Massachusetts
$1.23B +$41.4M +362,850 +3%
JP Morgan Chase
19
JP Morgan Chase
New York
$1.21B +$52.6M +461,105 +4%
Brown Advisory
20
Brown Advisory
Maryland
$1.2B -$46.8M -410,045 -4%
Sands Capital Management
21
Sands Capital Management
Virginia
$1.17B -$64.2M -562,380 -5%
AllianceBernstein
22
AllianceBernstein
Tennessee
$1.16B -$37.9M -331,935 -3%
N
23
Nuveen
North Carolina
$1.13B -$102M -895,325 -8%
Invesco
24
Invesco
Georgia
$900M -$3.95M -34,660 -0.4%
Bank of New York Mellon
25
Bank of New York Mellon
New York
$897M -$50.7M -444,010 -5%

NOW Hedge Fund Activity: Q3 2023 in Review

1,563 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in ServiceNow (NOW) for Q3 2023, worth a combined $100B — down 1% from $102B a quarter earlier.

Buyers outnumbered sellers: 164 funds opened new NOW positions and 84 closed out — a net gain of 80 holders — while 611 added to existing stakes and 572 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $340M. The largest seller was T. Rowe Price Associates, cutting an estimated $756M.

  • 1,563 institutional investors held ServiceNow (NOW) as of Q3 2023, up from 1,501 in Q2 2023.
  • Funds reported $100B of ServiceNow stock for Q3 2023, down 1% quarter-over-quarter.
  • 164 funds opened new ServiceNow positions in Q3 2023 and 84 closed out, a net change of +80 holders.
  • The largest ServiceNow buyer in Q3 2023 was Fidelity Investments, an estimated $340M added.
  • The largest ServiceNow seller in Q3 2023 was T. Rowe Price Associates, an estimated $756M sold.

Based on aggregated 13F filings for Q3 2023.