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Vulcan Value Partners adds ServiceNow to its All-Cap strategy
The investor letter says Vulcan bought a new position in ServiceNow during Q2 2026, and the stock closed at $115.76 on July 29, 2026.
Vulcan Value Partners said in its Q2 2026 investor letter that ServiceNow, Inc. (NYSE:NOW) is included in the firm’s All-Cap strategy for the quarter, highlighting the company’s role in automating and managing digital workflows across large enterprises. Yahoo Finance reports that Vulcan also noted it purchased ServiceNow as one of three new positions during the period.
The letter describes ServiceNow’s platform as sitting on top of an enterprise’s data and systems of record, enabling it to orchestrate and automate work across departments. It also points to the company’s expansion from its IT roots into broader businesses such as sales and service, HR, finance, supply chain, operations, and security.
Vulcan Value Partners’ Q2 2026 performance update showed returns of 9.5% for its Large Cap Composite (Net), 13.3% for its Small Cap Composite (Net), and 9.0% for its All-Cap Composite (Net). ServiceNow shares closed at $115.76 on July 29, 2026, with a market capitalization of $119.7 billion, while the stock was up 4.56% over the prior month and down 44.33% over the past 52 weeks, according to the same source.