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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
VOYA Investment Management
101
VOYA Investment Management
Georgia
$492K -$16.3K -576 -4%
MIM
102
MetLife Investment Management
New Jersey
$484K – – –
Balyasny Asset Management
103
Balyasny Asset Management
Illinois
$449K +$56K +1,978 +16%
New York State Teachers Retirement System (NYSTRS)
104
New York State Teachers Retirement System (NYSTRS)
New York
$446K – – –
SIP
105
Stoneridge Investment Partners
Pennsylvania
$442K -$182K -6,428 -32%
MERSOM
106
Municipal Employees' Retirement System of Michigan
Michigan
$441K +$24.9K +880 +7%
TAM
107
Tiverton Asset Management
Delaware
$440K -$1.15M -40,586 -75%
KBC Group
108
KBC Group
Belgium
$439K +$387K +13,692 New
MSL
109
Mackay Shields LLC
New York
$436K +$385K +13,600 New
FCM
110
Flinton Capital Management
Pennsylvania
$401K -$587K -20,740 -62%
OAM
111
Oppenheimer Asset Management
New York
$386K +$11.8K +418 +4%
Los Angeles Capital Management
112
Los Angeles Capital Management
California
$367K – – –
BNP Paribas Financial Markets
113
BNP Paribas Financial Markets
France
$359K -$81.2K -2,870 -20%
CSS
114
Cubist Systematic Strategies
Connecticut
$355K -$28.6K -1,010 -8%
SOADOR
115
State of Alaska Department of Revenue
Alaska
$355K +$120K +4,240 +62%
TRSOTSOK
116
Teachers Retirement System of the State of Kentucky
Kentucky
$354K -$21.3K -754 -6%
MLICM
117
Metropolitan Life Insurance Company (MetLife)
New York
$351K – – –
Squarepoint
118
Squarepoint
New York
$338K -$252K -8,916 -46%
TAM
119
Tyers Asset Management
Texas
$330K -$483K -17,080 -62%
JG
120
Jefferies Group
New York
$311K +$275K +9,712 New
MSA
121
Mason Street Advisors
Wisconsin
$307K +$17.3K +612 +7%
PI
122
PineBridge Investments
New York
$307K +$271K +9,590 New
HSBC Holdings
123
HSBC Holdings
United Kingdom
$291K -$2.59M -91,580 -91%
Citigroup
124
Citigroup
New York
$267K -$88.5K -3,128 -27%
CGH
125
Crossmark Global Holdings
Texas
$267K -$30.2K -1,066 -11%
3 4
5
6 7

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.