ServiceNow
NOW
1,821 hedge funds and large institutions have $137B invested in ServiceNow in 2024 Q1 according to their latest regulatory filings, with 191 funds opening new positions, 765 increasing their positions, 639 reducing their positions, and 97 closing their positions.
97% more first-time investments, than exits
New positions opened: 191 | Existing positions closed: 97
20% more repeat investments, than reductions
Existing positions increased: 765 | Existing positions reduced: 639
7% more capital invested
Capital invested by funds: $128B → $137B (+$9.07B)
4% more funds holding
Funds holding: 1,753 → 1,821 (+68)
3.95% less ownership
Funds ownership: 441.99% → 438.04% (-4%)
21% less funds holding in top 10
Funds holding in top 10: 87 → 69 (-18)
30% less call options, than puts
Call options by funds: $2.46B | Put options by funds: $3.5B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$890M |
| 2 |
Millennium Management
New York
|
+$352M |
| 3 |
BlackRock
New York
|
+$252M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$251M |
| 5 |
State Street
Boston,
Massachusetts
|
+$214M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Polen Capital Management
Boca Raton,
Florida
|
-$859M |
| 2 |
Neuberger Berman Group
New York
|
-$606M |
| 3 |
Edgewood Management
Greenwich,
Connecticut
|
-$491M |
| 4 |
Capital Research Global Investors
Los Angeles,
California
|
-$344M |
| 5 |
AI
Axiom Investors
Greenwich,
Connecticut
|
-$281M |
NOW Hedge Fund Activity: Q1 2024 in Review
1,821 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in ServiceNow (NOW) for Q1 2024, worth a combined $137B — up 7.1% from $128B a quarter earlier.
Buyers outnumbered sellers: 191 funds opened new NOW positions and 97 closed out — a net gain of 94 holders — while 765 added to existing stakes and 639 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $890M. The largest seller was Polen Capital Management, cutting an estimated $859M.
- 1,821 institutional investors held ServiceNow (NOW) as of Q1 2024, up from 1,753 in Q4 2023.
- Funds reported $137B of ServiceNow stock for Q1 2024, up 7.1% quarter-over-quarter.
- 191 funds opened new ServiceNow positions in Q1 2024 and 97 closed out, a net change of +94 holders.
- The largest ServiceNow buyer in Q1 2024 was JP Morgan Chase, an estimated $890M added.
- The largest ServiceNow seller in Q1 2024 was Polen Capital Management, an estimated $859M sold.
Based on aggregated 13F filings for Q1 2024.