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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
+$13.3M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$12.1M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$9.14M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$5.47M |
| 5 |
FAM
Fred Alger Management
New York
|
+$5.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
-$14M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$9.62M |
| 3 |
CCI
Columbus Circle Investors
|
-$5.82M |
| 4 |
O
OppenheimerFunds
New York
|
-$5.77M |
| 5 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$5.43M |
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.