TFS Capital’s SPS Commerce SPSC Stock Holding History

TFS Capital’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
2016 Q2	–	Sell	-70,458	Closed	-$1.51M	–	1159
2016 Q1	$1.51M	Buy	70,458 +14,880	+27%	+$373K	0.22%	131
2015 Q4	$1.95M	Buy	+55,578	New	+$2.03M	0.21%	170
2014 Q2	–	Sell	-10,846	Closed	-$333K	–	1338
2014 Q1	$333K	Sell	10,846 -17,224	-61%	-$563K	0.02%	961
2013 Q4	$916K	Buy	28,070 +18,012	+179%	+$613K	0.04%	583
2013 Q3	$337K	Sell	10,058 -13,962	-58%	-$445K	0.02%	1053
2013 Q2	$661K	Buy	+24,020	New	+$580K	0.03%	789

Other funds holding SPSC

CWAM

Columbia Wanger Asset Management Chicago, Illinois $6.69B AUM 31.14% 1-Year Est. Return

Wells Fargo San Francisco, California $617B AUM 30.33% 1-Year Est. Return

GIM

Granahan Investment Management Waltham, Massachusetts $2.81B AUM 83.9% 1-Year Est. Return

JHIU

Janus Henderson Investors US Denver, Colorado $122B AUM 18.26% 1-Year Est. Return

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

CCA

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

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

Wasatch Advisors Salt Lake City, Utah $15.3B AUM 25.06% 1-Year Est. Return

CIP

Champlain Investment Partners Burlington, Vermont $3.89B AUM 16.15% 1-Year Est. Return

RIM

Ranger Investment Management Dallas, Texas $1.58B AUM 51% 1-Year Est. Return

TFS Capital's SPSC Position: Q2 2016 in Review

TFS Capital sold out of SPS Commerce (SPSC) in Q2 2016, closing a stake of 70,458 shares — an estimated $1.51M sold.

TFS Capital first reported a position in SPSC in Q2 2013 and held it in 6 quarters. The position peaked at $1.95M in Q4 2015. 153 funds tracked by Wall St. Rank hold SPSC as of Q2 2016.

TFS Capital reported no remaining SPS Commerce position as of Q2 2016 after selling out during the quarter.
TFS Capital sold 70,458 SPS Commerce shares in Q2 2016, an estimated $1.51M.
TFS Capital first reported a position in SPS Commerce in Q2 2013 and held it in 6 quarters.
TFS Capital's SPS Commerce position peaked at $1.95M in Q4 2015.
153 funds tracked by Wall St. Rank held SPS Commerce as of Q2 2016.

Based on TFS Capital's 13F filing for Q2 2016, filed 11 Aug 2016.