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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
NA
126
Neuburgh Advisers
California
$259K -$380K -13,420 -62%
Teacher Retirement System of Texas
127
Teacher Retirement System of Texas
Texas
$244K -$120K -4,250 -36%
PIA
128
Piedmont Investment Advisors
North Carolina
$236K +$209K +7,374 New
LCM
129
Laurion Capital Management
New York
$233K +$206K +7,276 New
TI
130
Trexquant Investment
Connecticut
$232K -$532K -18,804 -72%
KI
131
Koch Industries
Kansas
$231K -$75.8K -2,678 -27%
UBS AM
132
UBS AM
Illinois
$226K +$198K +7,000 +15,909%
LPL Financial
133
LPL Financial
California
$217K +$195K +6,892 New
MCIM
134
Meadow Creek Investment Management
Georgia
$189K -$276K -9,760 -62%
RCM
135
Riverhead Capital Management
Delaware
$185K – – –
PNC Financial Services Group
136
PNC Financial Services Group
Pennsylvania
$182K -$110K -3,872 -41%
ZB
137
Zions Bancorporation
Utah
$137K +$7.36K +260 +6%
MOS
138
MGO One Seven
Ohio
$132K +$103K +3,626 +734%
SG Americas Securities
139
SG Americas Securities
New York
$132K +$117K +4,120 New
AIP
140
Ameritas Investment Partners
Nebraska
$92K – – –
LIA
141
LS Investment Advisors
Michigan
$86K – – –
Public Employees Retirement Association of Colorado
142
Public Employees Retirement Association of Colorado
Colorado
$78K – – –
Fifth Third Bancorp
143
Fifth Third Bancorp
Ohio
$74K – – –
CG
144
Cutler Group
California
$70K +$33.9K +1,200 +120%
AF
145
Advisornet Financial
Minnesota
$67K -$2.83K -100 -5%
Zurich Cantonal Bank
146
Zurich Cantonal Bank
Switzerland
$60K – – –
Macquarie Group
147
Macquarie Group
Australia
$51K +$44.8K +1,584 New
UBS Group
148
UBS Group
Switzerland
$46K -$12.8K -454 -24%
HNB
149
Huntington National Bank
Ohio
$32K – – –
JFA
150
JNBA Financial Advisors
Minnesota
$32K – – –
4 5
6
7 8

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.