SPS Commerce
SPSC
452 hedge funds and large institutions have $5.19B invested in SPS Commerce in 2025 Q2 according to their latest regulatory filings, with 58 funds opening new positions, 181 increasing their positions, 153 reducing their positions, and 49 closing their positions.
18% more first-time investments, than exits
New positions opened: 58 | Existing positions closed: 49
18% more repeat investments, than reductions
Existing positions increased: 181 | Existing positions reduced: 153
4% more capital invested
Capital invested by funds: $4.99B → $5.19B (+$197M)
0.96% more ownership
Funds ownership: 99.58% → 100.54% (+0.96%)
1% more funds holding
Funds holding: 448 → 452 (+4)
14% less call options, than puts
Call options by funds: $5.57M | Put options by funds: $6.46M
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nordea Investment Management
Stockholm,
Sweden
|
+$154M |
| 2 |
DGI
Disciplined Growth Investors
Minneapolis,
Minnesota
|
+$38.5M |
| 3 |
Capital World Investors
Los Angeles,
California
|
+$29.7M |
| 4 |
Walleye Capital
New York
|
+$20.6M |
| 5 |
Morgan Stanley
New York
|
+$14.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAM
Congress Asset Management
Boston,
Massachusetts
|
-$75.2M |
| 2 |
Neuberger Berman Group
New York
|
-$65M |
| 3 |
Franklin Resources
San Mateo,
California
|
-$24.8M |
| 4 |
Voloridge Investment Management
Jupiter,
Florida
|
-$16.3M |
| 5 |
WCM Investment Management
Laguna Beach,
California
|
-$13.4M |
SPSC Hedge Fund Activity: Q2 2025 in Review
452 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in SPS Commerce (SPSC) for Q2 2025, worth a combined $5.19B — up 3.9% from $4.99B a quarter earlier.
Buyers outnumbered sellers: 58 funds opened new SPSC positions and 49 closed out — a net gain of 9 holders — while 181 added to existing stakes and 153 trimmed.
The largest buyer was Nordea Investment Management, adding an estimated $154M. The largest seller was Congress Asset Management, cutting an estimated $75.2M.
- 452 institutional investors held SPS Commerce (SPSC) as of Q2 2025, up from 448 in Q1 2025.
- Funds reported $5.19B of SPS Commerce stock for Q2 2025, up 3.9% quarter-over-quarter.
- 58 funds opened new SPS Commerce positions in Q2 2025 and 49 closed out, a net change of +9 holders.
- The largest SPS Commerce buyer in Q2 2025 was Nordea Investment Management, an estimated $154M added.
- The largest SPS Commerce seller in Q2 2025 was Congress Asset Management, an estimated $75.2M sold.
Based on aggregated 13F filings for Q2 2025.