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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

Rank Fund Capital Flow
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

Rank Fund Capital Flow
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
Two Sigma Advisers
126
Two Sigma Advisers
New York
$2.15M -$1.71M -13,300 -44%
CAPTRUST Financial Advisors
127
CAPTRUST Financial Advisors
North Carolina
$2.14M +$185K +1,437 +9%
AI
128
Atria Investments
North Carolina
$2.1M -$188K -1,460 -8%
FHB
129
First Hawaiian Bank
Hawaii
$2.1M +$387 +3 +0%
MSRPS
130
Maryland State Retirement & Pension System
Maryland
$1.91M +$1.91M +14,836 New
Tudor Investment Corp
131
Tudor Investment Corp
Connecticut
$1.89M +$1.9M +14,747 New
Manulife (Manufacturers Life Insurance)
132
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.86M +$19.7K +153 +1%
KOCAA
133
Knights of Columbus Asset Advisors
Connecticut
$1.82M -$675K -5,235 -27%
AIMCA
134
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$1.82M +$71.4K +554 +4%
AAM
135
Azzad Asset Management
Virginia
$1.71M -$399K -3,095 -19%
AG
136
Algert Global
California
$1.69M -$186K -1,440 -10%
MGWM
137
Marks Group Wealth Management
Minnesota
$1.65M – – –
PFO
138
Pathstone Family Office
New Jersey
$1.65M +$149K +1,155 +9%
IIM
139
Ironwood Investment Management
Massachusetts
$1.64M -$49.4K -383 -3%
Los Angeles Capital Management
140
Los Angeles Capital Management
California
$1.59M +$575K +4,460 +56%
HF
141
HRT Financial
New York
$1.58M +$1.58M +12,292 New
EAM
142
EFG Asset Management
Oregon
$1.55M -$51.8K -402 -3%
OPERF
143
Oregon Public Employees Retirement Fund
Oregon
$1.54M +$5.16K +40 +0.3%
State Board of Administration of Florida Retirement System
144
State Board of Administration of Florida Retirement System
Florida
$1.53M -$204K -1,580 -12%
BMSSC
145
B. Metzler seel. Sohn & Co
Germany
$1.52M – – –
Teacher Retirement System of Texas
146
Teacher Retirement System of Texas
Texas
$1.48M +$102K +795 +7%
RG
147
Renaissance Group
Kentucky
$1.48M +$23.2K +180 +2%
AQR Capital Management
148
AQR Capital Management
Connecticut
$1.46M +$18.8K +146 +1%
MC
149
McMorgan & Co
California
$1.45M +$85.7K +665 +6%
SO
150
STRS Ohio
Ohio
$1.44M -$193K -1,500 -12%
4 5
6
7 8

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.