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SPS Commerce
SPSC

337 hedge funds and large institutions have $4.62B invested in SPS Commerce in 2022 Q4 according to their latest regulatory filings, with 40 funds opening new positions, 111 increasing their positions, 135 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,714% more call options, than puts

Call options by funds: $925K | Put options by funds: $51K

82% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 22

4% more funds holding

Funds holding: 323 → 337 (+14)

3% more capital invested

Capital invested by funds: $4.5B → $4.62B (+$117M)

0.41% more ownership

Funds ownership: 100.62% → 101.03% (+0.41%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

18% less repeat investments, than reductions

Existing positions increased: 111 | Existing positions reduced: 135

Holders
337
Holders Change
+14
Holders Change %
+4.33%
% of All Funds
5.42%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
40
Increased
111
Reduced
135
Closed
22
Calls
$925K
Puts
$51K
Net Calls
+$874K
Net Calls Change
+$1.42M

Top Buyers

1
AllianceBernstein
AllianceBernstein
Tennessee
+$75.6M
2
Morgan Stanley
Morgan Stanley
New York
+$62.9M
3
APG Asset Management
APG Asset Management
Netherlands
+$11.6M
4
DCM
Driehaus Capital Management
Illinois
+$10.9M
5
Goldman Sachs
Goldman Sachs
New York
+$9.1M

Top Sellers

1
Kayne Anderson Rudnick Investment Management
Kayne Anderson Rudnick Investment Management
California
-$15.7M
2
FAM
Fred Alger Management
New York
-$13.4M
3
N
Nuveen
North Carolina
-$10.3M
4
Mirae Asset Global Investments
Mirae Asset Global Investments
South Korea
-$10M
5
CAM
Congress Asset Management
Massachusetts
-$9.87M
Name Holding Trade Value Shares
Change 		Change in
Stake
TC
76
TownSquare Capital
Utah
$6.37M +$513K +3,983 +9%
OAM
77
Oppenheimer Asset Management
New York
$6.1M +$1.45M +11,254 +31%
HIM
78
Hillsdale Investment Management
Ontario, Canada
$6.06M -$12.9K -100 -0.2%
UBS AM
79
UBS AM
Illinois
$6.01M +$711K +5,514 +13%
California State Teachers Retirement System (CalSTRS)
80
California State Teachers Retirement System (CalSTRS)
California
$5.88M +$55.8K +433 +1%
Deutsche Bank
81
Deutsche Bank
Germany
$5.66M +$258K +2,004 +5%
ORI
82
Oak Ridge Investments
Illinois
$5.4M -$101K -783 -2%
LCG
83
Lisanti Capital Growth
New York
$5.26M +$1.21M +9,380 +30%
COPPSERS
84
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$4.95M +$742K +5,759 +18%
Thrivent Financial for Lutherans
85
Thrivent Financial for Lutherans
Minnesota
$4.75M -$33.4K -259 -0.7%
Canada Life
86
Canada Life
Manitoba, Canada
$4.72M -$422K -3,276 -8%
State of Wisconsin Investment Board
87
State of Wisconsin Investment Board
Wisconsin
$4.4M -$288K -2,238 -6%
Asset Management One
88
Asset Management One
Japan
$4.31M +$140K +1,086 +3%
Truist Financial
89
Truist Financial
North Carolina
$4.11M -$733K -5,689 -15%
Citigroup
90
Citigroup
New York
$4.06M -$119K -923 -3%
NIG
91
NFJ Investment Group
Texas
$3.89M +$95.8K +743 +3%
Arrowstreet Capital
92
Arrowstreet Capital
Massachusetts
$3.88M +$99.4K +771 +3%
Stifel Financial
93
Stifel Financial
Missouri
$3.83M -$261K -2,027 -6%
PFM
94
Premier Fund Managers
United Kingdom
$3.71M -$1.99M -15,435 -35%
VOYA Investment Management
95
VOYA Investment Management
Georgia
$3.71M – – –
Fisher Asset Management
96
Fisher Asset Management
Washington
$3.64M +$1.68M +13,022 +85%
Victory Capital Management
97
Victory Capital Management
Texas
$3.58M +$2.44M +18,942 +212%
Daiwa Securities Group
98
Daiwa Securities Group
Japan
$3.56M -$180K -1,400 -5%
Allianz Asset Management
99
Allianz Asset Management
Germany
$3.53M – – –
State of Tennessee, Department of Treasury
100
State of Tennessee, Department of Treasury
Tennessee
$3.24M +$152K +1,177 +5%
2 3
4
5 6

SPSC Hedge Fund Activity: Q4 2022 in Review

337 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in SPS Commerce (SPSC) for Q4 2022, worth a combined $4.62B — up 2.6% from $4.5B a quarter earlier.

Buyers outnumbered sellers: 40 funds opened new SPSC positions and 22 closed out — a net gain of 18 holders — while 111 added to existing stakes and 135 trimmed.

The largest buyer was AllianceBernstein, adding an estimated $75.6M. The largest seller was Kayne Anderson Rudnick Investment Management, cutting an estimated $15.7M.

  • 337 institutional investors held SPS Commerce (SPSC) as of Q4 2022, up from 323 in Q3 2022.
  • Funds reported $4.62B of SPS Commerce stock for Q4 2022, up 2.6% quarter-over-quarter.
  • 40 funds opened new SPS Commerce positions in Q4 2022 and 22 closed out, a net change of +18 holders.
  • The largest SPS Commerce buyer in Q4 2022 was AllianceBernstein, an estimated $75.6M added.
  • The largest SPS Commerce seller in Q4 2022 was Kayne Anderson Rudnick Investment Management, an estimated $15.7M sold.

Based on aggregated 13F filings for Q4 2022.