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SPS Commerce
SPSC

131 hedge funds and large institutions have $1B invested in SPS Commerce in 2014 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 56 increasing their positions, 50 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

12% more repeat investments, than reductions

Existing positions increased: 56 | Existing positions reduced: 50

4% less capital invested

Capital invested by funds: $1.04B → $1B (-$39.1M)

8% less funds holding

Funds holding: 143 → 131 (-12)

58% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 19

58% less call options, than puts

Call options by funds: $408K | Put options by funds: $976K

Holders
131
Holders Change
-12
Holders Change %
-8.39%
% of All Funds
3.78%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
56
Reduced
50
Closed
19
Calls
$408K
Puts
$976K
Net Calls
-$568K
Net Calls Change
+$2.77M

Top Buyers

1
CCA
Conestoga Capital Advisors
Pennsylvania
+$13.3M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$12.1M
3
Ameriprise
Ameriprise
Minnesota
+$9.14M
4
Wells Fargo
Wells Fargo
California
+$5.47M
5
FAM
Fred Alger Management
New York
+$5.13M

Top Sellers

1
CWAM
Columbia Wanger Asset Management
Illinois
-$14M
2
Capital World Investors
Capital World Investors
California
-$9.62M
3
CCI
Columbus Circle Investors
-$5.82M
4
O
OppenheimerFunds
New York
-$5.77M
5
DCM
Driehaus Capital Management
Illinois
-$5.43M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of New York Mellon
26
Bank of New York Mellon
New York
$12.3M +$79.4K +2,426 +0.6%
Capital World Investors
27
Capital World Investors
California
$12.3M -$9.62M -294,000 -42%
CIP
28
Chartwell Investment Partners
Pennsylvania
$12.1M +$2.68M +81,916 +26%
WSA
29
Wall Street Associates
California
$12M +$360K +11,000 +3%
RFC
30
Russell Frank Company
Washington
$10.7M +$1.68M +51,276 +14%
WA
31
Wasatch Advisors
Utah
$8.61M -$587K -17,940 -6%
PC
32
Pier Capital
Connecticut
$6.13M -$10.9K -334 -0.2%
CCI
33
Columbus Circle Investors
$5.3M -$5.82M -177,810 -51%
Geode Capital Management
34
Geode Capital Management
Massachusetts
$5.3M +$468K +14,296 +9%
DCM
35
Driehaus Capital Management
Illinois
$5.15M -$5.43M -166,086 -50%
MHP
36
Manatuck Hill Partners
Connecticut
$4.66M +$4.96M +151,600 New
MAA
37
Managed Account Advisors
New Jersey
$4.58M +$850 +26 +0%
USAA
38
United Services Automobile Association
Texas
$4.2M +$164K +5,000 +4%
BG
39
BlackRock Group
United Kingdom
$3.95M +$4.08M +124,600 +3,228%
TCIM
40
TIAA CREF Investment Management
New York
$3.87M -$119K -3,640 -3%
TAM
41
THB Asset Management
Connecticut
$3.28M -$4.17M -127,424 -54%
TG
42
TCW Group
California
$3.13M -$375K -11,450 -10%
3NC
43
300 North Capital
California
$3.08M +$181K +5,540 +6%
HIM
44
Herald Investment Management
United Kingdom
$2.98M – – –
BIM
45
BlackRock Investment Management
Delaware
$2.71M +$19.6K +598 +0.7%
NFA
46
Nationwide Fund Advisors
Ohio
$2.52M -$458K -14,012 -15%
D.E. Shaw & Co
47
D.E. Shaw & Co
New York
$2.43M +$458K +13,994 +22%
SI
48
Scout Investments
Missouri
$2.42M -$726K -22,200 -22%
Charles Schwab
49
Charles Schwab
California
$2.36M -$9.75K -298 -0.4%
Macquarie Group
50
Macquarie Group
Australia
$2.33M – – –
1
2
3 4 5

SPSC Hedge Fund Activity: Q1 2014 in Review

131 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in SPS Commerce (SPSC) for Q1 2014, worth a combined $1B — down 3.8% from $1.04B a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of SPSC and 8 opened new positions — a net loss of 11 holders — while 50 trimmed existing stakes and 56 added.

The largest buyer was Conestoga Capital Advisors, adding an estimated $13.3M. The largest seller was Columbia Wanger Asset Management, cutting an estimated $14M.

  • 131 institutional investors held SPS Commerce (SPSC) as of Q1 2014, down from 143 in Q4 2013.
  • Funds reported $1B of SPS Commerce stock for Q1 2014, down 3.8% quarter-over-quarter.
  • 8 funds opened new SPS Commerce positions in Q1 2014 and 19 closed out, a net change of -11 holders.
  • The largest SPS Commerce buyer in Q1 2014 was Conestoga Capital Advisors, an estimated $13.3M added.
  • The largest SPS Commerce seller in Q1 2014 was Columbia Wanger Asset Management, an estimated $14M sold.

Based on aggregated 13F filings for Q1 2014.