ServiceNow
NOW
1,878 hedge funds and large institutions have $142B invested in ServiceNow in 2024 Q2 according to their latest regulatory filings, with 209 funds opening new positions, 837 increasing their positions, 587 reducing their positions, and 125 closing their positions.
67% more first-time investments, than exits
New positions opened: 209 | Existing positions closed: 125
43% more repeat investments, than reductions
Existing positions increased: 837 | Existing positions reduced: 587
23% more capital inflows, than outflows
Capital inflows: $9.34B | Capital outflows: $7.6B
12% more funds holding in top 10
Funds holding in top 10: 69 → 77 (+8)
3% more funds holding
Funds holding: 1,822 → 1,878 (+56)
0.56% more ownership
Funds ownership: 87.61% → 88.17% (+0.56%)
30% less call options, than puts
Call options by funds: $2.94B | Put options by funds: $4.17B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$671M |
| 2 |
UBS AM
Chicago,
Illinois
|
+$663M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$458M |
| 4 |
Amundi
Paris,
France
|
+$339M |
| 5 |
Vontobel Holding
Zurich,
Switzerland
|
+$300M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GQG Partners
Ft. Lauderdale,
Florida
|
-$887M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
-$607M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$512M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$499M |
| 5 |
Millennium Management
New York
|
-$230M |
NOW Hedge Fund Activity: Q2 2024 in Review
1,878 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in ServiceNow (NOW) for Q2 2024, worth a combined $142B — up 3.9% from $137B a quarter earlier.
Buyers outnumbered sellers: 209 funds opened new NOW positions and 125 closed out — a net gain of 84 holders — while 837 added to existing stakes and 587 trimmed.
The largest buyer was BlackRock, adding an estimated $671M. The largest seller was GQG Partners, exiting entirely with an estimated $887M sold.
- 1,878 institutional investors held ServiceNow (NOW) as of Q2 2024, up from 1,822 in Q1 2024.
- Funds reported $142B of ServiceNow stock for Q2 2024, up 3.9% quarter-over-quarter.
- 209 funds opened new ServiceNow positions in Q2 2024 and 125 closed out, a net change of +84 holders.
- The largest ServiceNow buyer in Q2 2024 was BlackRock, an estimated $671M added.
- The largest ServiceNow seller in Q2 2024 was GQG Partners, an estimated $887M sold.
Based on aggregated 13F filings for Q2 2024.