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SPS Commerce
SPSC

402 hedge funds and large institutions have $7.3B invested in SPS Commerce in 2023 Q4 according to their latest regulatory filings, with 48 funds opening new positions, 133 increasing their positions, 175 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

153% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 19

148% more call options, than puts

Call options by funds: $8.28M | Put options by funds: $3.33M

15% more capital invested

Capital invested by funds: $6.36B → $7.3B (+$945M)

6% more funds holding

Funds holding: 379 → 402 (+23)

1.41% more ownership

Funds ownership: 101.52% → 102.93% (+1.4%)

24% less repeat investments, than reductions

Existing positions increased: 133 | Existing positions reduced: 175

33% less funds holding in top 10

Funds holding in top 10: 6 → 4 (-2)

Holders
402
Holders Change
+23
Holders Change %
+6.07%
% of All Funds
5.86%
Holding in Top 10
4
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-33.33%
% of All Funds
0.06%
New
48
Increased
133
Reduced
175
Closed
19
Calls
$8.28M
Puts
$3.33M
Net Calls
+$4.94M
Net Calls Change
+$8.87M

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$116M
2
Invesco
Invesco
Georgia
+$43M
3
BlackRock
BlackRock
New York
+$29.5M
4
APG Asset Management
APG Asset Management
Netherlands
+$19.3M
5
AI
Axiom Investors
Connecticut
+$14.7M

Top Sellers

1
CCA
Conestoga Capital Advisors
Pennsylvania
-$37M
2
Allspring Global Investments
Allspring Global Investments
North Carolina
-$18.1M
3
GIM
Granahan Investment Management
Massachusetts
-$17.5M
4
AllianceBernstein
AllianceBernstein
Tennessee
-$12.3M
5
CS
Credit Suisse
Switzerland
-$11.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
QT
226
Quantbot Technologies
New York
$708K +$175K +1,003 +38%
HC
227
Henshaw Capital
Massachusetts
$708K +$54.8K +314 +9%
CAN
228
Cetera Advisor Networks
California
$689K -$106K -607 -15%
PFM
229
Premier Fund Managers
United Kingdom
$664K – – –
IB
230
Intrust Bank
Kansas
$660K +$33.3K +191 +6%
Aviva
231
Aviva
United Kingdom
$658K -$698 -4 -0.1%
Mariner
232
Mariner
Kansas
$643K +$27.7K +159 +5%
LFAS
233
Level Four Advisory Services
Texas
$640K -$103K -590 -15%
Corient Private Wealth
234
Corient Private Wealth
Florida
$637K -$26.2K -150 -4%
FNBOO
235
First National Bank of Omaha
Nebraska
$626K -$21.8K -125 -4%
WP
236
Woodline Partners
California
$620K +$558K +3,197 New
ECM
237
Evergreen Capital Management
Washington
$606K -$18K -103 -3%
OSAM
238
O'Shaughnessy Asset Management
Connecticut
$602K -$38.4K -220 -7%
Skandinaviska Enskilda Banken (SEB)
239
Skandinaviska Enskilda Banken (SEB)
Sweden
$601K – – –
BCI
240
Brinker Capital Investments
Pennsylvania
$598K -$194K -1,111 -25%
OPS
241
Orion Portfolio Solutions
Nebraska
$598K -$194K -1,111 -25%
SSWM
242
Sheets Smith Wealth Management
North Carolina
$578K – – –
MAM
243
Marquette Asset Management
Minnesota
$575K – – –
SI
244
Shaker Investments
Ohio
$565K +$3.14K +18 +0.6%
HR
245
Hardy Reed
Mississippi
$564K -$67.3K -386 -12%
SGAM
246
Smith Group Asset Management
Texas
$541K +$486K +2,789 New
Robeco Institutional Asset Management
247
Robeco Institutional Asset Management
Netherlands
$532K -$111K -635 -19%
OIA
248
OneDigital Investment Advisors
Kansas
$520K +$93.7K +537 +25%
LA
249
Legacy Advisors
Pennsylvania
$515K – – –
X
250
Xponance
Pennsylvania
$505K +$9.07K +52 +2%
8 9
10
11 12

SPSC Hedge Fund Activity: Q4 2023 in Review

402 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in SPS Commerce (SPSC) for Q4 2023, worth a combined $7.3B — up 15% from $6.36B a quarter earlier.

Buyers outnumbered sellers: 48 funds opened new SPSC positions and 19 closed out — a net gain of 29 holders — while 133 added to existing stakes and 175 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $116M. The largest seller was Conestoga Capital Advisors, cutting an estimated $37M.

  • 402 institutional investors held SPS Commerce (SPSC) as of Q4 2023, up from 379 in Q3 2023.
  • Funds reported $7.3B of SPS Commerce stock for Q4 2023, up 15% quarter-over-quarter.
  • 48 funds opened new SPS Commerce positions in Q4 2023 and 19 closed out, a net change of +29 holders.
  • The largest SPS Commerce buyer in Q4 2023 was Morgan Stanley, an estimated $116M added.
  • The largest SPS Commerce seller in Q4 2023 was Conestoga Capital Advisors, an estimated $37M sold.

Based on aggregated 13F filings for Q4 2023.