Columbia Threadneedle Investments, an investment management company, released its fourth-quarter 2025 investor letter for “Columbia Global Technology Growth Fund”. A copy of the letter can be downloaded here. Markets advanced modestly higher in Q4 2025, with the S&P 500 returning 2.66%, the Nasdaq 100 gaining 2.47%, and the Dow Jones Industrial Average leading with a 4.03% return. This period saw a shift in leadership towards large-cap value stocks as investor sentiment was influenced by the Federal Reserve’s ongoing rate cuts amid cooling inflation and the maturation of AI investments. Against this backdrop, the Fund Institutional Class shares returned 1.97%, outperforming the S&P Global 1200 Information Technology Index’s 3.21% return. Heading into 2026, the U.S. economy appears to be steadily expanding, bolstered by strong demand and policy measures designed to promote sustained growth. In addition, you can check the fund’s top 5 holdings for its best picks for 2025.
In its fourth-quarter 2025 investor letter, Columbia Global Technology Growth Fund highlighted ServiceNow, Inc. (NYSE:NOW). ServiceNow, Inc. (NYSE:NOW) is a cloud-based software company that provides a platform for automating and managing digital workflows. On March 26, 2026, ServiceNow, Inc. (NYSE:NOW) stock closed at $103.64 per share. One-month return of ServiceNow, Inc. (NYSE:NOW) was -4.05%, and its shares lost 35.04% over the past 52 weeks. ServiceNow, Inc. (NYSE:NOW) has a market capitalization of $109.355 billion.
Columbia Global Technology Growth Fund stated the following regarding ServiceNow, Inc. (NYSE:NOW) in its fourth quarter 2025 investor letter:
“Shares of enterprise workflow automation leader ServiceNow, Inc. (NYSE:NOW) posted losses in the mid-teens during the quarter, as investors reassessed the company’s valuation amid federal government business headwinds and emerging strategic concerns. The company’s announcement of a $7.75 billion all-cash acquisition of cybersecurity firm Armis — ServiceNow’s largest deal ever — raised questions about capital allocation. That said, ServiceNow’s strategic transformation into an AI-powered enterprise platform remains compelling, with the company’s products gaining traction in large deals, and management targeting $1 billion in AI annual contract value. Shares of NOW fell over 25% during 2025.”
ServiceNow, Inc. (NYSE:NOW) ranks 25 on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 118 hedge fund portfolios held ServiceNow, Inc. (NYSE:NOW) at the end of the fourth quarter, up from 104 in the previous quarter. While we acknowledge the risk and potential of ServiceNow, Inc. (NYSE:NOW) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ServiceNow, Inc. (NYSE:NOW) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered ServiceNow, Inc. (NYSE:NOW) and shared Montaka Global Investments, another investment management’s company, views on the company. In addition, please check out our hedge fund investor letters Q4 2025 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
