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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
California Public Employees Retirement System
76
California Public Employees Retirement System
California
$1.13M +$151K +5,332 +18%
MPI
77
Mairs & Power Inc
Minnesota
$1.06M -$583K -20,600 -38%
GC
78
Guggenheim Capital
Illinois
$935K -$9.9K -350 -1%
CIBC Private Wealth Group
79
CIBC Private Wealth Group
Georgia
$932K -$76.2K -2,692 -8%
Manulife (Manufacturers Life Insurance)
80
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$810K -$22K -776 -3%
BAAM
81
Baker Avenue Asset Management
California
$794K +$57.5K +2,032 +9%
State of Tennessee, Department of Treasury
82
State of Tennessee, Department of Treasury
Tennessee
$788K -$73.1K -2,584 -10%
Envestnet Asset Management
83
Envestnet Asset Management
Illinois
$788K +$25.6K +906 +4%
SCA
84
Secor Capital Advisors
New York
$781K +$690K +24,392 New
AAP
85
Ardsley Advisory Partners
Connecticut
$769K +$679K +24,000 New
TPSF
86
Texas Permanent School Fund
Texas
$732K -$12.6K -446 -2%
Thrivent Financial for Lutherans
87
Thrivent Financial for Lutherans
Minnesota
$713K +$23.8K +842 +4%
Public Sector Pension Investment Board (PSP Investments)
88
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$700K – – –
AIG
89
American International Group
New York
$691K -$151K -5,342 -20%
State Board of Administration of Florida Retirement System
90
State Board of Administration of Florida Retirement System
Florida
$681K -$127K -4,494 -17%
Barclays
91
Barclays
United Kingdom
$652K +$200K +7,052 +53%
ARTA
92
A.R.T. Advisors
New York
$648K +$572K +20,230 New
SGI
93
Summit Global Investments
Utah
$621K +$549K +19,400 New
US Bancorp
94
US Bancorp
Minnesota
$568K +$44.9K +1,588 +10%
AG
95
Algert Global
California
$534K +$471K +16,658 New
Tudor Investment Corp
96
Tudor Investment Corp
Connecticut
$526K -$604K -21,356 -57%
IIM
97
Ironwood Investment Management
Massachusetts
$506K +$9.45K +334 +2%
Ohio Public Employees Retirement System (OPERS)
98
Ohio Public Employees Retirement System (OPERS)
Ohio
$500K +$441K +15,600 New
AIM
99
Assured Investment Management
New York
$498K +$440K +15,552 New
LSERS
100
Louisiana State Employees Retirement System
Louisiana
$493K +$17K +600 +4%
2 3
4
5 6

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.