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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
ASN
326
Advisory Services Network
Georgia
$127K +$115K +657 New
PS
327
Principal Securities
Iowa
$127K +$114K +654 New
JFA
328
JNBA Financial Advisors
Minnesota
$116K – – –
MA
329
Montag & Associates
Georgia
$115K – – –
EWA
330
EverSource Wealth Advisors
Alabama
$114K +$9.77K +56 +11%
GI
331
GAMMA Investing
California
$103K +$98.2K +563 New
NIMI
332
Natixis Investment Managers International
France
$93.6K -$18.8K -108 -18%
ETC
333
Exchange Traded Concepts
Oklahoma
$93K +$1.57K +9 +2%
Northwestern Mutual Wealth Management
334
Northwestern Mutual Wealth Management
Wisconsin
$73.7K – – –
RA
335
RiverPark Advisors
New York
$68.6K +$18.8K +108 +44%
AIC
336
Archer Investment Corporation
Indiana
$68.4K – – –
PA
337
Parallel Advisors
California
$65.5K +$20.4K +117 +53%
GRP
338
Global Retirement Partners
California
$64.5K -$31K -178 -33%
HFM
339
Harvest Fund Management
China
$58K – – –
AIM
340
Arcadia Investment Management
Michigan
$57.8K -$27.6K -158 -35%
S
341
SignatureFD
Georgia
$46.1K +$2.27K +13 +6%
CFO
342
CVA Family Office
Colorado
$43.6K +$39.2K +225 New
Carson Wealth (CWM LLC)
343
Carson Wealth (CWM LLC)
Nebraska
$43K -$7.67K -44 -16%
OAM
344
Ostrum Asset Management
France
$42.5K -$55.6K -319 -59%
NS
345
NBC Securities
Alabama
$40K – – –
Pacer Advisors
346
Pacer Advisors
Pennsylvania
$38.8K +$7.33K +42 +27%
FP
347
Financial Perspectives
Minnesota
$33.9K -$1.05K -6 -3%
MIFH
348
Migdal Insurance & Financial Holdings
Israel
$30K +$1.22K +7 +5%
HNB
349
Huntington National Bank
Ohio
$29.1K +$1.4K +8 +6%
MSWM
350
McGlone Suttner Wealth Management
Wisconsin
$25.6K +$23K +132 New
12 13
14
15 16

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.