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SPS Commerce
SPSC

170 hedge funds and large institutions have $1.07B invested in SPS Commerce in 2018 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 55 increasing their positions, 58 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

3,206% more call options, than puts

Call options by funds: $9.52M | Put options by funds: $288K

100% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 16

30% more capital invested

Capital invested by funds: $823M → $1.07B (+$251M)

7% more funds holding

Funds holding: 159 → 170 (+11)

5% less repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 58

2.31% less ownership

Funds ownership: 196.72% → 194.41% (-2.3%)

Holders
170
Holders Change
+11
Holders Change %
+6.92%
% of All Funds
3.9%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.05%
New
32
Increased
55
Reduced
58
Closed
16
Calls
$9.52M
Puts
$288K
Net Calls
+$9.23M
Net Calls Change
+$9.58M

Top Buyers

1
LPAM
Legion Partners Asset Management
California
+$18.5M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$16.9M
3
AA
Ancora Advisors
Ohio
+$11.3M
4
Ameriprise
Ameriprise
Minnesota
+$10.6M
5
GIM
Granahan Investment Management
Massachusetts
+$8.63M

Top Sellers

1
RCG
Ruane, Cunniff & Goldfarb
New York
-$28.3M
2
HP
Hound Partners
New York
-$24M
3
Millennium Management
Millennium Management
New York
-$16.5M
4
Citadel Advisors
Citadel Advisors
Florida
-$8.58M
5
Renaissance Technologies
Renaissance Technologies
New York
-$7.86M
Name Holding Trade Value Shares
Change 		Change in
Stake
New York State Common Retirement Fund
51
New York State Common Retirement Fund
New York
$2.49M +$321K +11,336 +17%
T. Rowe Price Associates
52
T. Rowe Price Associates
Maryland
$2.29M +$1.87K +66 +0.1%
Bank of Montreal
53
Bank of Montreal
Ontario, Canada
$2.13M +$1.61M +57,056 +614%
MAG
54
Millrace Asset Group
Pennsylvania
$2.08M +$1.84M +65,000 New
Legal & General Group
55
Legal & General Group
United Kingdom
$2.04M +$39.5K +1,396 +2%
Jacobs Levy Equity Management
56
Jacobs Levy Equity Management
New Jersey
$2.01M +$39.6K +1,400 +2%
Swiss National Bank
57
Swiss National Bank
Switzerland
$1.95M – – –
SGAM
58
Smith Group Asset Management
Texas
$1.93M +$1.71M +60,360 New
Comerica Bank
59
Comerica Bank
Texas
$1.77M +$179K +6,342 +13%
ASRS
60
Arizona State Retirement System
Arizona
$1.75M -$96.2K -3,400 -6%
CS
61
Credit Suisse
Switzerland
$1.72M -$7M -247,564 -82%
California State Teachers Retirement System (CalSTRS)
62
California State Teachers Retirement System (CalSTRS)
California
$1.64M -$54K -1,908 -4%
Carson Wealth (CWM LLC)
63
Carson Wealth (CWM LLC)
Nebraska
$1.61M +$1.42M +50,254 New
3C
64
361 Capital
Colorado
$1.5M +$1.32M +46,712 New
USAA
65
United Services Automobile Association
Texas
$1.47M +$717K +25,350 +123%
AllianceBernstein
66
AllianceBernstein
Tennessee
$1.45M -$50.9K -1,800 -4%
AG
67
Aperio Group
California
$1.44M +$174K +6,136 +16%
PCR
68
Potrero Capital Research
California
$1.44M +$1.27M +45,050 New
Canada Life
69
Canada Life
Manitoba, Canada
$1.44M – – –
ZIM
70
Zacks Investment Management
Illinois
$1.42M +$139K +4,918 +12%
Man Group
71
Man Group
United Kingdom
$1.4M +$1.23M +43,622 New
JP Morgan Chase
72
JP Morgan Chase
New York
$1.4M +$38.2K +1,352 +3%
PCM
73
Perkins Capital Management
Minnesota
$1.28M +$1.13M +40,000 New
PPA
74
Parametric Portfolio Associates
Washington
$1.2M +$407K +14,404 +62%
Federated Hermes
75
Federated Hermes
Pennsylvania
$1.18M -$225K -7,936 -18%
1 2
3
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SPSC Hedge Fund Activity: Q1 2018 in Review

170 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in SPS Commerce (SPSC) for Q1 2018, worth a combined $1.07B — up 30% from $823M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new SPSC positions and 16 closed out — a net gain of 16 holders — while 55 added to existing stakes and 58 trimmed.

The largest buyer was Legion Partners Asset Management, opening a new position worth an estimated $18.5M. The largest seller was Ruane, Cunniff & Goldfarb, cutting an estimated $28.3M.

  • 170 institutional investors held SPS Commerce (SPSC) as of Q1 2018, up from 159 in Q4 2017.
  • Funds reported $1.07B of SPS Commerce stock for Q1 2018, up 30% quarter-over-quarter.
  • 32 funds opened new SPS Commerce positions in Q1 2018 and 16 closed out, a net change of +16 holders.
  • The largest SPS Commerce buyer in Q1 2018 was Legion Partners Asset Management, an estimated $18.5M added.
  • The largest SPS Commerce seller in Q1 2018 was Ruane, Cunniff & Goldfarb, an estimated $28.3M sold.

Based on aggregated 13F filings for Q1 2018.