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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
P
251
Pitcairn
Pennsylvania
$494K -$4.19K -24 -0.9%
DI
252
DFPG Investments
Utah
$491K +$45.9K +263 +11%
DekaBank Deutsche Girozentrale
253
DekaBank Deutsche Girozentrale
Germany
$469K +$94.7K +543 +29%
Commonwealth Equity Services
254
Commonwealth Equity Services
Massachusetts
$460K +$75.3K +432 +22%
KWA
255
Kingswood Wealth Advisors
California
$460K +$414K +2,372 New
PWS
256
Precision Wealth Strategies
Missouri
$458K -$698 -4 -0.2%
RJT
257
Raymond James Trust
Florida
$447K -$872 -5 -0.2%
NYLIM
258
New York Life Investment Management
New York
$439K -$12.2K -70 -3%
IWA
259
Icon Wealth Advisors
Texas
$439K +$395K +2,263 New
WAG
260
Wallace Advisory Group
California
$432K -$34.4K -197 -7%
PA
261
Profund Advisors
Maryland
$425K +$22.5K +129 +6%
CP
262
Covenant Partners
Tennessee
$412K – – –
ACM
263
Aquatic Capital Management
Illinois
$407K +$366K +2,100 New
FA
264
FDx Advisors
Illinois
$405K -$81.1K -465 -18%
MLICM
265
Metropolitan Life Insurance Company (MetLife)
New York
$404K -$11.9K -68 -3%
PAG
266
Private Advisor Group
New Jersey
$400K +$60.3K +346 +20%
AWS
267
Atria Wealth Solutions
New York
$393K -$246K -1,410 -41%
HNW
268
High Note Wealth
Minnesota
$393K -$17.1K -98 -5%
Janney Montgomery Scott
269
Janney Montgomery Scott
Pennsylvania
$390K -$11.2K -64 -3%
LA
270
Lindenwold Advisors
Pennsylvania
$388K -$63.7K -365 -15%
II
271
Inspire Investing
Idaho
$385K +$30.9K +177 +10%
LFG
272
Leverty Financial Group
Wisconsin
$382K +$872 +5 +0.3%
PTC
273
Petrus Trust Company
Texas
$362K +$326K +1,869 New
CNBT
274
Canandaigua National Bank & Trust
New York
$362K -$1.92K -11 -0.6%
LWAM
275
Legacy Wealth Asset Management
Minnesota
$361K +$3.31K +19 +1%
9 10
11
12 13

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.