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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
AQR Capital Management
76
AQR Capital Management
Connecticut
$926K +$85K +2,600 +9%
RhumbLine Advisers
77
RhumbLine Advisers
Massachusetts
$856K -$32.1K -980 -3%
AI
78
Axiom Investors
Connecticut
$848K -$1.36M -41,600 -60%
MLICM
79
Metropolitan Life Insurance Company (MetLife)
New York
$831K +$89.8K +2,744 +11%
EAM
80
Eagle Asset Management
Florida
$827K +$881K +26,940 New
Capital Fund Management (CFM)
81
Capital Fund Management (CFM)
France
$804K +$261K +7,982 +44%
Artisan Partners
82
Artisan Partners
Wisconsin
$737K +$785K +24,000 New
Deutsche Bank
83
Deutsche Bank
Germany
$730K +$276K +8,430 +55%
AIG
84
American International Group
New York
$669K +$17.1K +524 +2%
Goldman Sachs
85
Goldman Sachs
New York
$631K -$878K -26,846 -57%
Millennium Management
86
Millennium Management
New York
$558K -$289K -8,822 -33%
Jennison Associates
87
Jennison Associates
New York
$553K -$5.37K -164 -0.9%
Arrowstreet Capital
88
Arrowstreet Capital
Massachusetts
$552K +$139K +4,256 +31%
U
89
UBS
Switzerland
$550K -$89.8K -2,744 -13%
VOYA Investment Management
90
VOYA Investment Management
Georgia
$538K – – –
ZIM
91
Zacks Investment Management
Illinois
$518K +$47.8K +1,460 +9%
PNC Financial Services Group
92
PNC Financial Services Group
Pennsylvania
$515K +$64.2K +1,962 +13%
KeyBank National Association
93
KeyBank National Association
Ohio
$500K +$2.22K +68 +0.4%
Neuberger Berman Group
94
Neuberger Berman Group
New York
$485K -$1.73M -52,926 -77%
PAM
95
Paradigm Asset Management
New York
$415K – – –
HI
96
HBK Investments
Texas
$412K +$222K +6,800 +103%
QIM
97
Quest Investment Management
Oregon
$408K +$75.6K +2,310 +21%
GAM
98
Gotham Asset Management
New York
$343K +$365K +11,158 New
SKK
99
Shepherd Kaplan Krochuk
Massachusetts
$338K -$32.7K -1,000 -8%
ACM
100
Ashford Capital Management
Delaware
$338K – – –
2 3
4
5 6

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.