ServiceNow
NOW
2,325 hedge funds and large institutions have $138B invested in ServiceNow in 2025 Q4 according to their latest regulatory filings, with 340 funds opening new positions, 936 increasing their positions, 855 reducing their positions, and 218 closing their positions.
56% more first-time investments, than exits
New positions opened: 340 | Existing positions closed: 218
3% more funds holding
Funds holding: 2,247 → 2,325 (+78)
9% more repeat investments, than reductions
Existing positions increased: 936 | Existing positions reduced: 855
6% more call options, than puts
Call options by funds: $3.49B | Put options by funds: $3.3B
0.15% less ownership
Funds ownership: 86.36% → 86.2% (-0.15%)
4% less funds holding in top 10
Funds holding in top 10: 53 → 51 (-2)
16% less capital invested
Capital invested by funds: $164B → $138B (-$26B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Advisers
New York
|
+$512M |
| 2 |
BNP Paribas Asset Management
Paris,
France
|
+$411M |
| 3 |
Jane Street
New York
|
+$392M |
| 4 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$363M |
| 5 |
Squarepoint
New York
|
+$359M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$666M |
| 2 |
Edgewood Management
Greenwich,
Connecticut
|
-$646M |
| 3 |
Morgan Stanley
New York
|
-$576M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$550M |
| 5 |
Daiwa Securities Group
Tokyo,
Japan
|
-$542M |
NOW Hedge Fund Activity: Q4 2025 in Review
2,325 of the 8,284 institutional investors tracked by Wall St. Rank reported a position in ServiceNow (NOW) for Q4 2025, worth a combined $138B — down 16% from $164B a quarter earlier.
Buyers outnumbered sellers: 340 funds opened new NOW positions and 218 closed out — a net gain of 122 holders — while 936 added to existing stakes and 855 trimmed.
The largest buyer was Two Sigma Advisers, adding an estimated $512M. The largest seller was Franklin Resources, cutting an estimated $666M.
- 2,325 institutional investors held ServiceNow (NOW) as of Q4 2025, up from 2,247 in Q3 2025.
- Funds reported $138B of ServiceNow stock for Q4 2025, down 16% quarter-over-quarter.
- 340 funds opened new ServiceNow positions in Q4 2025 and 218 closed out, a net change of +122 holders.
- The largest ServiceNow buyer in Q4 2025 was Two Sigma Advisers, an estimated $512M added.
- The largest ServiceNow seller in Q4 2025 was Franklin Resources, an estimated $666M sold.
Based on aggregated 13F filings for Q4 2025.