Which funds own NOW
Servicenow Inc in the Q2 2026 filings. 21 of the 94 managers on file reported a position, worth $4.9bn between them. A fifth of the managers on file hold it, which is a crowd without being the whole market. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.
- Managers holding
- 21
- of 94 on file
- Combined value
- $4.9bn
- as reported
- Opened
- 5
- new this quarter
- Added to
- 8
- already held
- Trimmed or sold out
- 13
- 5 sold out entirely
Every manager on file with a position
Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.
| Manager | Value | Weight | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| T. Rowe Price Associates Inc Long-only · $999bn book | $1.6bn | 0.2% | 16,066,335 | -$2.0bn-18,043,553 | Trimmed |
| Polen Capital Management LLC Long-only · $11.6bn book | $533m | 4.6% | 5,370,172 | -$227m-1,899,281 | Trimmed |
| Arrowstreet Capital LP Quantitative · $225bn book | $514m | 0.2% | 5,179,669 | +$62m+850,864 | Added |
| AQR Capital Management LLC Quantitative · $287bn book | $474m | 0.2% | 4,823,040 | -$145m-1,095,657 | Trimmed |
| Millennium Management LLC Multi-strategy · $276bn book | $280m | 0.1% | 2,818,282 | +$110m+1,193,510 | Added |
| Balyasny Asset Management LLC Multi-strategy · $80.2bn book | $221m | 0.3% | 2,223,764 | +$219m+2,208,152 | Added |
| AllianceBernstein LP Long-only · $302bn book | $220m | 0.1% | 2,103,921 | -$229m-828,189 | Trimmed |
| Squarepoint Ops LLC Multi-strategy · $90.5bn book | $171m | 0.2% | 1,726,052 | +$84m+894,334 | Added |
| Acadian Asset Management LLC Quantitative · $84.2bn book | $146m | 0.2% | 1,468,815 | -$40m-309,905 | Trimmed |
| Man Group PLC Quantitative · $62.7bn book | $135m | 0.2% | 1,358,590 | -$97m-860,891 | Trimmed |
| Akre Capital Management LLC Long-only · $5.1bn book | $124m | 2.4% | 1,246,099 | +$9.1m+150,000 | Added |
| Artisan Partners LP Long-only · $63.1bn book | $122m | 0.2% | 1,231,729 | opened1,231,729 | New |
| Freestone Grove Partners LP Multi-strategy · $15.6bn book | $116m | 0.7% | 1,167,341 | +$32m+365,652 | Added |
| Tiger Global Management LLC Long/short equity · $24.0bn book | $87m | 0.4% | 873,485 | -$70m-626,515 | Trimmed |
| Tudor Investment Corp Macro · $71.9bn book | $66m | 0.1% | 662,033 | +$19m+217,405 | Added |
| Bridgewater Associates LP Macro · $24.4bn book | $63m | 0.3% | 635,381 | opened635,381 | New |
| Hudson Bay Capital Management LP Multi-strategy · $36.8bn book | $30m | 0.1% | 303,100 | opened303,100 | New |
| Moore Capital Management LP Macro · $6.7bn book | $15m | 0.2% | 152,268 | opened152,268 | New |
| Winton Group Ltd Quantitative · $3.1bn book | $13m | 0.4% | 132,411 | +$3.7m+41,653 | Added |
| Element Capital Management LLC Macro · $3.2bn book | $5.4m | 0.2% | 54,700 | opened54,700 | New |
| Soros Fund Management LLC Macro · $8.1bn book | $4.8m | 0.1% | 48,570 | -$11m-105,779 | Trimmed |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Voloridge Investment Management LLC · Quantitative$127m held before
- Renaissance Technologies LLC · Quantitative$126m held before
- ExodusPoint Capital Management LP · Multi-strategy$25m held before
- Capital Research Global Investors · Long-only$4.5m held before
- Farallon Capital Management LLC · Long/short equity$4.3m held before
Reported as options rather than shares
A put or a call on a name is not a position in it, and the filing states the notional rather than what the option cost. These lines are listed apart for that reason and are not counted in anything above.
- Susquehanna International Group LLP · calls$1.6bn notional
- Susquehanna International Group LLP · puts$1.5bn notional
- Jane Street Group LLC · puts$904m notional
- Citadel Advisors LLC · calls$788m notional
- Tudor Investment Corp · puts$128m notional
- Hudson Bay Capital Management LP · puts$30m notional
- Eisler Capital Management Ltd · puts$24m notional
- Element Capital Management LLC · calls$20m notional
What NOW is worth
Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.
Build the comp set around NOW →How much of the picture this is
A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.
What to do with a name the funds are buying
Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.
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The holdings, every quarter, and the week between
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