ServiceNow
NOW
1,754 hedge funds and large institutions have $128B invested in ServiceNow in 2023 Q4 according to their latest regulatory filings, with 322 funds opening new positions, 631 increasing their positions, 599 reducing their positions, and 108 closing their positions.
198% more first-time investments, than exits
New positions opened: 322 | Existing positions closed: 108
28% more funds holding in top 10
Funds holding in top 10: 68 → 87 (+19)
23% more capital inflows, than outflows
Capital inflows: $6.86B | Capital outflows: $5.58B
12% more funds holding
Funds holding: 1,562 → 1,754 (+192)
5% more repeat investments, than reductions
Existing positions increased: 631 | Existing positions reduced: 599
0.46% more ownership
Funds ownership: 87.86% → 88.33% (+0.46%)
31% less call options, than puts
Call options by funds: $1.93B | Put options by funds: $2.79B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$1.19B |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$502M |
| 3 |
BlackRock
New York
|
+$349M |
| 4 |
Neuberger Berman Group
New York
|
+$244M |
| 5 |
Cerity Partners
New York
|
+$234M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Winslow Capital Management
Minneapolis,
Minnesota
|
-$303M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$289M |
| 3 |
Sands Capital Management
Arlington,
Virginia
|
-$249M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$247M |
| 5 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$237M |
NOW Hedge Fund Activity: Q4 2023 in Review
1,754 of the 6,876 institutional investors tracked by Wall St. Rank reported a position in ServiceNow (NOW) for Q4 2023, worth a combined $128B — up 27% from $100B a quarter earlier.
Buyers outnumbered sellers: 322 funds opened new NOW positions and 108 closed out — a net gain of 214 holders — while 631 added to existing stakes and 599 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $1.19B. The largest seller was Winslow Capital Management, cutting an estimated $303M.
- 1,754 institutional investors held ServiceNow (NOW) as of Q4 2023, up from 1,562 in Q3 2023.
- Funds reported $128B of ServiceNow stock for Q4 2023, up 27% quarter-over-quarter.
- 322 funds opened new ServiceNow positions in Q4 2023 and 108 closed out, a net change of +214 holders.
- The largest ServiceNow buyer in Q4 2023 was JP Morgan Chase, an estimated $1.19B added.
- The largest ServiceNow seller in Q4 2023 was Winslow Capital Management, an estimated $303M sold.
Based on aggregated 13F filings for Q4 2023.