ServiceNow
NOW
1,942 hedge funds and large institutions have $163B invested in ServiceNow in 2024 Q3 according to their latest regulatory filings, with 204 funds opening new positions, 770 increasing their positions, 711 reducing their positions, and 119 closing their positions.
71% more first-time investments, than exits
New positions opened: 204 | Existing positions closed: 119
17% more capital inflows, than outflows
Capital inflows: $8.38B | Capital outflows: $7.17B
3% more funds holding
Funds holding: 1,878 → 1,942 (+64)
1% more funds holding in top 10
Funds holding in top 10: 77 → 78 (+1)
8% more repeat investments, than reductions
Existing positions increased: 770 | Existing positions reduced: 711
0.2% more ownership
Funds ownership: 88.17% → 88.37% (+0.2%)
16% less call options, than puts
Call options by funds: $3.55B | Put options by funds: $4.22B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$858M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$769M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$506M |
| 4 |
DZ Bank
Frankfurt Am Main,
Germany
|
+$428M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$413M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$930M |
| 2 |
Amundi
Paris,
France
|
-$439M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$219M |
| 4 |
Polen Capital Management
Boca Raton,
Florida
|
-$213M |
| 5 |
Sustainable Growth Advisers
Stamford,
Connecticut
|
-$186M |
NOW Hedge Fund Activity: Q3 2024 in Review
1,942 of the 6,985 institutional investors tracked by Wall St. Rank reported a position in ServiceNow (NOW) for Q3 2024, worth a combined $163B — up 15% from $142B a quarter earlier.
Buyers outnumbered sellers: 204 funds opened new NOW positions and 119 closed out — a net gain of 85 holders — while 770 added to existing stakes and 711 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $858M. The largest seller was Morgan Stanley, cutting an estimated $930M.
- 1,942 institutional investors held ServiceNow (NOW) as of Q3 2024, up from 1,878 in Q2 2024.
- Funds reported $163B of ServiceNow stock for Q3 2024, up 15% quarter-over-quarter.
- 204 funds opened new ServiceNow positions in Q3 2024 and 119 closed out, a net change of +85 holders.
- The largest ServiceNow buyer in Q3 2024 was JP Morgan Chase, an estimated $858M added.
- The largest ServiceNow seller in Q3 2024 was Morgan Stanley, an estimated $930M sold.
Based on aggregated 13F filings for Q3 2024.