In a recent 13F filing with the SEC, hero investor Chuck Akre of Akre Capital Management revealed an increased stake in enterprise software company ServiceNow (NOW). The filing, which reflects holdings as of June 30, 2026, showed a 13.68% increase in shares, bringing Akre's position to 1.25 million shares valued at approximately $123.71 million. This raised the portfolio weight of ServiceNow from 1.87% to 2.42%.
Investors should note that 13F filings are delayed disclosures, reflecting a position held at the end of the previous quarter and not necessarily a real-time trading activity. The move comes as ServiceNow has been increasingly focused on artificial intelligence, expanding partnerships to scale its AI platform and reporting strong second-quarter financial results.