We are live on ! Find out more
SPSC icon

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
Wellington Management Group
26
Wellington Management Group
Massachusetts
$66.3M +$11.2M +63,962 +23%
Bank of New York Mellon
27
Bank of New York Mellon
New York
$65.1M -$1.29M -7,408 -2%
GIM
28
Granahan Investment Management
Massachusetts
$62.9M -$17.5M -100,074 -24%
N
29
Nuveen
North Carolina
$57.3M -$6.66M -38,185 -11%
Royal Bank of Canada
30
Royal Bank of Canada
Ontario, Canada
$56.4M -$37K -212 -0.1%
Bank of America
31
Bank of America
North Carolina
$51.3M +$1.85M +10,616 +4%
CS
32
Credit Suisse
Switzerland
$43.5M -$11.2M -64,034 -22%
DCM
33
Driehaus Capital Management
Illinois
$43.2M -$320K -1,833 -0.8%
Allspring Global Investments
34
Allspring Global Investments
North Carolina
$41.6M -$18.1M -103,910 -33%
California Public Employees Retirement System
35
California Public Employees Retirement System
California
$38.6M -$492K -2,819 -1%
SIMG
36
Stephens Investment Management Group
Texas
$38.3M -$1.7M -9,749 -5%
Principal Financial Group
37
Principal Financial Group
Iowa
$38.2M -$608K -3,488 -2%
Envestnet Asset Management
38
Envestnet Asset Management
Illinois
$36.8M -$922K -5,289 -3%
Lord, Abbett & Co
39
Lord, Abbett & Co
New Jersey
$36M +$124K +713 +0.4%
Franklin Resources
40
Franklin Resources
California
$34.2M -$208K -1,195 -0.7%
DGI
41
Disciplined Growth Investors
Minnesota
$32.5M -$4.05M -23,216 -12%
ACM
42
American Capital Management
New York
$32.4M -$133K -761 -0.5%
Legal & General Group
43
Legal & General Group
United Kingdom
$30.8M -$3.44M -19,721 -11%
Mirae Asset Global Investments
44
Mirae Asset Global Investments
South Korea
$29M -$663K -3,800 -2%
EAM
45
Eagle Asset Management
Florida
$28.2M -$3.59M -20,600 -12%
CWM
46
Congress Wealth Management
Massachusetts
$27.5M -$60.7K -348 -0.2%
AI
47
Axiom Investors
Connecticut
$25.3M +$14.7M +84,420 +183%
Thrivent Financial for Lutherans
48
Thrivent Financial for Lutherans
Minnesota
$24.8M +$6.27M +35,953 +39%
SCA
49
Summit Creek Advisors
Minnesota
$24.4M -$1.89M -10,828 -8%
JP Morgan Chase
50
JP Morgan Chase
New York
$24.3M -$411K -2,358 -2%
1
2
3 4 5

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.