Published on 2 Dec 2021 on Insider Monkey via Yahoo Finance
RiverPark Funds, an investment management firm, published its “RiverPark Large Growth Fund” third quarter 2021 investor letter – a copy of which can be downloaded here. The RiverPark Large Growth Fund (the “Fund”) returned -3.23% for the third quarter of 2021, while its benchmarks, the S&P 500 Total Return Index (“S&P”) advanced 0.58%, the Russell 1000 Growth Total Return Index (“RLG”) returned 1.16%, while the Morningstar Large Growth Category returned -0.07%. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.
RiverPark Large Growth Fund, in its Q3 2021 investor letter, mentioned ServiceNow, Inc. (NYSE: NOW) and discussed its stance on the firm. ServiceNow, Inc. is a Santa Clara, California-based software company with a $133.8 billion market capitalization. NOW delivered a 22.24% return since the beginning of the year, while its 12-month returns are up by 24.69%. The stock closed at $672.82 per share on November 29, 2021.
Here is what RiverPark Large Growth Fund has to say about ServiceNow, Inc. in its Q3 2021 investor letter: