ServiceNow
NOW
1,562 hedge funds and large institutions have $100B invested in ServiceNow in 2023 Q3 according to their latest regulatory filings, with 163 funds opening new positions, 611 increasing their positions, 571 reducing their positions, and 84 closing their positions.
94% more first-time investments, than exits
New positions opened: 163 | Existing positions closed: 84
4% more funds holding
Funds holding: 1,501 → 1,562 (+61)
7% more repeat investments, than reductions
Existing positions increased: 611 | Existing positions reduced: 571
1% less capital invested
Capital invested by funds: $101B → $100B (-$1.04B)
4% less funds holding in top 10
Funds holding in top 10: 71 → 68 (-3)
4.64% less ownership
Funds ownership: 443.96% → 439.31% (-4.6%)
27% less call options, than puts
Call options by funds: $1.36B | Put options by funds: $1.86B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$340M |
| 2 |
Jennison Associates
New York
|
+$263M |
| 3 |
DZ Bank
Frankfurt Am Main,
Germany
|
+$216M |
| 4 |
Millennium Management
New York
|
+$172M |
| 5 |
JMPWA
JP Morgan Private Wealth Advisors
San Francisco,
California
|
+$138M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$756M |
| 2 |
VOYA Investment Management
Atlanta,
Georgia
|
-$444M |
| 3 |
Goldman Sachs
New York
|
-$352M |
| 4 |
VanEck Associates
New York
|
-$153M |
| 5 |
Polen Capital Management
Boca Raton,
Florida
|
-$126M |
NOW Hedge Fund Activity: Q3 2023 in Review
1,562 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in ServiceNow (NOW) for Q3 2023, worth a combined $100B — down 1% from $101B a quarter earlier.
Buyers outnumbered sellers: 163 funds opened new NOW positions and 84 closed out — a net gain of 79 holders — while 611 added to existing stakes and 571 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $340M. The largest seller was T. Rowe Price Associates, cutting an estimated $756M.
- 1,562 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.
- 163 funds opened new ServiceNow positions in Q3 2023 and 84 closed out, a net change of +79 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.