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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
BWL
376
Bogart Wealth LLC
Virginia
$6.98K – – –
CTC
377
Cetera Trust Company
Minnesota
$6.2K +$5.58K +32 New
LC
378
Lindbrook Capital
California
$6.01K -$523 -3 -9%
PTC
379
Private Trust Company
Ohio
$6.01K +$349 +2 +7%
FMII
380
Farmers & Merchants Investments Inc
Nebraska
$5.04K – – –
AWM
381
Avior Wealth Management
Nebraska
$4.65K – – –
IA
382
IFP Advisors
Florida
$4.65K +$2.09K +12 +100%
FFA
383
Farther Finance Advisors
California
$4.07K +$3.66K +21 New
CAL
384
Capital Advisors Ltd
Ohio
$4K – – –
Mitsubishi UFJ Asset Management
385
Mitsubishi UFJ Asset Management
Japan
$3.8K – – –
CTWM
386
Cherry Tree Wealth Management
Minnesota
$3.68K – – –
SWM
387
Spire Wealth Management
Virginia
$3.51K – – –
PWMG
388
Private Wealth Management Group
New Jersey
$3.49K +$3.14K +18 New
GI
389
Gradient Investments
Minnesota
$2.91K – – –
WPA
390
West Paces Advisors
Georgia
$2.52K +$2.27K +13 New
Jones Financial Companies
391
Jones Financial Companies
Missouri
$2.33K +$2.09K +12 New
OC
392
Oakworth Capital
Alabama
$2.13K +$1.92K +11 New
GA
393
GoalVest Advisory
New York
$1.94K -$4.88K -28 -74%
GWS
394
Glassman Wealth Services
Virginia
$1.94K – – –
JWM
395
Janiczek Wealth Management
Colorado
$1.75K +$1.57K +9 New
CA
396
Clearstead Advisors
Ohio
$1.55K +$1.4K +8 New
VCM
397
Versant Capital Management
Arizona
$775 – – –
AWM
398
Abound Wealth Management
Tennessee
$582 +$174 +1 +50%
SPIA
399
Steward Partners Investment Advisory
New York
$582 +$523 +3 New
TWP
400
TFO Wealth Partners
Ohio
$388 – – –
13 14 15
16
17

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.