SPS Commerce
SPSC
326 hedge funds and large institutions have $4.7B invested in SPS Commerce in 2022 Q1 according to their latest regulatory filings, with 41 funds opening new positions, 121 increasing their positions, 118 reducing their positions, and 42 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
3% more repeat investments, than reductions
Existing positions increased: 121 | Existing positions reduced: 118
0.53% more ownership
Funds ownership: 98.92% → 99.45% (+0.53%)
2% less first-time investments, than exits
New positions opened: 41 | Existing positions closed: 42
2% less funds holding
Funds holding: 331 → 326 (-5)
7% less capital invested
Capital invested by funds: $5.05B → $4.7B (-$356M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCM
Geneva Capital Management
Milwaukee,
Wisconsin
|
+$30.6M |
| 2 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$15.7M |
| 3 |
ACM
American Capital Management
New York
|
+$13.2M |
| 4 |
WCM Investment Management
Laguna Beach,
California
|
+$13M |
| 5 |
RP
Riverbridge Partners
Minneapolis,
Minnesota
|
+$11.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$18.1M |
| 2 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
-$13.8M |
| 3 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
-$11.6M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$9.42M |
| 5 |
SG Americas Securities
New York
|
-$8.29M |
SPSC Hedge Fund Activity: Q1 2022 in Review
326 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in SPS Commerce (SPSC) for Q1 2022, worth a combined $4.7B — down 7.1% from $5.05B a quarter earlier.
Sellers outnumbered buyers: 42 funds closed out of SPSC and 41 opened new positions — a net loss of 1 holder — while 118 trimmed existing stakes and 121 added.
The largest buyer was Geneva Capital Management, opening a new position worth an estimated $30.6M. The largest seller was Arrowstreet Capital, cutting an estimated $18.1M.
- 326 institutional investors held SPS Commerce (SPSC) as of Q1 2022, down from 331 in Q4 2021.
- Funds reported $4.7B of SPS Commerce stock for Q1 2022, down 7.1% quarter-over-quarter.
- 41 funds opened new SPS Commerce positions in Q1 2022 and 42 closed out, a net change of -1 holder.
- The largest SPS Commerce buyer in Q1 2022 was Geneva Capital Management, an estimated $30.6M added.
- The largest SPS Commerce seller in Q1 2022 was Arrowstreet Capital, an estimated $18.1M sold.
Based on aggregated 13F filings for Q1 2022.