Tensile Capital Management’s SPS Commerce SPSC Stock Holding History

Tensile Capital Management’s Portfolio SPSC Stock Details SPSC Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2019 Q1	–	Sell	-130,666	Closed	-$5.38M	–	22
2018 Q4	$5.38M	Sell	130,666 -8,740	-6%	-$381K	0.8%	20
2018 Q3	$6.92M	Sell	139,406 -272,212	-66%	-$12.2M	0.94%	19
2018 Q2	$15.1M	Sell	411,618 -29,182	-7%	-$1.04M	2.28%	15
2018 Q1	$14.1M	Sell	440,800 -130,310	-23%	-$3.69M	2.12%	17
2017 Q4	$13.9M	Buy	+571,110	New	+$14.7M	2.36%	16

Other funds holding SPSC

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

CCA

Conestoga Capital Advisors Wayne, Pennsylvania $4.6B AUM 16.08% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Riverbridge Partners Minneapolis, Minnesota $3.58B AUM 4.02% 1-Year Est. Return

Renaissance Technologies New York $72.6B AUM 54.88% 1-Year Est. Return

GIP

General Industrial Partners London, United Kingdom $2.57M AUM

RCAMU

Rothschild & Co Asset Management US Stamford, Connecticut $6.58B AUM 4.5% 1-Year Est. Return

FAM

Fred Alger Management New York $30B AUM 76.99% 1-Year Est. Return

Tensile Capital Management's SPSC Position: Q1 2019 in Review

Tensile Capital Management sold out of SPS Commerce (SPSC) in Q1 2019, closing a stake of 130,666 shares — an estimated $5.38M sold.

Tensile Capital Management first reported a position in SPSC in Q4 2017 and held it in 5 quarters. The position peaked at $15.1M in Q2 2018. 247 funds tracked by Wall St. Rank hold SPSC as of Q1 2019.

Tensile Capital Management reported no remaining SPS Commerce position as of Q1 2019 after selling out during the quarter.
Tensile Capital Management sold 130,666 SPS Commerce shares in Q1 2019, an estimated $5.38M.
Tensile Capital Management first reported a position in SPS Commerce in Q4 2017 and held it in 5 quarters.
Tensile Capital Management's SPS Commerce position peaked at $15.1M in Q2 2018.
247 funds tracked by Wall St. Rank held SPS Commerce as of Q1 2019.

Based on Tensile Capital Management's 13F filing for Q1 2019, filed 15 May 2019.