Jim Simons' quantitative hedge fund, Renaissance Technologies, liquidated its entire position in ServiceNow (NOW) during the second quarter of 2026, according to a recent SEC filing. The disclosure, which reflects trades made by June 30, reveals the sale of all 1.21 million shares, valued at approximately $126.09 million at the end of the prior quarter.
This move marks a significant reversal, as the fund had been building a position in the enterprise software company in late 2025. As a 13F filing, this information is time-delayed and doesn't reflect the firm's current holdings or trading activity. The sale occurred before ServiceNow reported strong second-quarter earnings in late July and raised its full-year guidance, citing momentum in its artificial intelligence platform.