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SPS Commerce
SPSC

402 hedge funds and large institutions have $7.3B invested in SPS Commerce in 2023 Q4 according to their latest regulatory filings, with 48 funds opening new positions, 133 increasing their positions, 175 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

153% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 19

148% more call options, than puts

Call options by funds: $8.28M | Put options by funds: $3.33M

15% more capital invested

Capital invested by funds: $6.36B → $7.3B (+$945M)

6% more funds holding

Funds holding: 379 → 402 (+23)

1.41% more ownership

Funds ownership: 101.52% → 102.93% (+1.4%)

24% less repeat investments, than reductions

Existing positions increased: 133 | Existing positions reduced: 175

33% less funds holding in top 10

Funds holding in top 10: 6 → 4 (-2)

Holders
402
Holders Change
+23
Holders Change %
+6.07%
% of All Funds
5.86%
Holding in Top 10
4
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-33.33%
% of All Funds
0.06%
New
48
Increased
133
Reduced
175
Closed
19
Calls
$8.28M
Puts
$3.33M
Net Calls
+$4.94M
Net Calls Change
+$8.87M

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$116M
2
Invesco
Invesco
Georgia
+$43M
3
BlackRock
BlackRock
New York
+$29.5M
4
APG Asset Management
APG Asset Management
Netherlands
+$19.3M
5
AI
Axiom Investors
Connecticut
+$14.7M

Top Sellers

1
CCA
Conestoga Capital Advisors
Pennsylvania
-$37M
2
Allspring Global Investments
Allspring Global Investments
North Carolina
-$18.1M
3
GIM
Granahan Investment Management
Massachusetts
-$17.5M
4
AllianceBernstein
AllianceBernstein
Tennessee
-$12.3M
5
CS
Credit Suisse
Switzerland
-$11.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
Truist Financial
126
Truist Financial
North Carolina
$3.51M -$883K -5,064 -22%
SWP
127
Stratos Wealth Partners
Ohio
$3.45M -$1.22K -7 -0%
Arrowstreet Capital
128
Arrowstreet Capital
Massachusetts
$3.44M -$647K -3,712 -17%
FFN
129
Focus Financial Network
Minnesota
$3.4M +$3.06M +17,518 New
Daiwa Securities Group
130
Daiwa Securities Group
Japan
$3.29M -$331K -1,900 -10%
LIC
131
Laurus Investment Counsel
Canada
$3.19M -$178K -1,020 -8%
AAM
132
Azzad Asset Management
Virginia
$3.18M +$32.1K +184 +1%
BMSSC
133
B. Metzler seel. Sohn & Co
Germany
$3.17M +$311K +1,781 +12%
TPI
134
Trust Point Inc
Wisconsin
$3.16M +$2.85M +16,321 New
FHB
135
First Hawaiian Bank
Hawaii
$3.11M -$42K -241 -1%
LCG
136
Lisanti Capital Growth
New York
$3.11M -$448K -2,570 -14%
Balyasny Asset Management
137
Balyasny Asset Management
Illinois
$3.09M -$2.66M -15,228 -49%
AB
138
Amalgamated Bank
New York
$3.05M -$112K -642 -4%
NIG
139
NFJ Investment Group
Texas
$3.04M -$254K -1,459 -9%
AAM
140
AMI Asset Management
California
$3.02M -$80.6K -462 -3%
AG
141
Algert Global
California
$2.9M +$43.6K +250 +2%
Osaic Holdings
142
Osaic Holdings
Arizona
$2.85M -$1.2M -6,887 -32%
Ensign Peak Advisors
143
Ensign Peak Advisors
Utah
$2.79M +$105K +600 +4%
AI
144
Atria Investments
North Carolina
$2.69M -$133K -761 -5%
Susquehanna International Group
145
Susquehanna International Group
Pennsylvania
$2.66M +$958K +5,494 +67%
MSRPS
146
Maryland State Retirement & Pension System
Maryland
$2.59M -$28.3K -162 -1%
Pathstone Holdings
147
Pathstone Holdings
New Jersey
$2.58M +$2.32M +13,311 New
Victory Capital Management
148
Victory Capital Management
Texas
$2.57M -$378K -2,167 -14%
AQR Capital Management
149
AQR Capital Management
Connecticut
$2.56M +$145K +832 +7%
MNBTD
150
Moody National Bank Trust Division
Texas
$2.5M -$305K -1,750 -12%
4 5
6
7 8

SPSC Hedge Fund Activity: Q4 2023 in Review

402 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in SPS Commerce (SPSC) for Q4 2023, worth a combined $7.3B — up 15% from $6.36B a quarter earlier.

Buyers outnumbered sellers: 48 funds opened new SPSC positions and 19 closed out — a net gain of 29 holders — while 133 added to existing stakes and 175 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $116M. The largest seller was Conestoga Capital Advisors, cutting an estimated $37M.

  • 402 institutional investors held SPS Commerce (SPSC) as of Q4 2023, up from 379 in Q3 2023.
  • Funds reported $7.3B of SPS Commerce stock for Q4 2023, up 15% quarter-over-quarter.
  • 48 funds opened new SPS Commerce positions in Q4 2023 and 19 closed out, a net change of +29 holders.
  • The largest SPS Commerce buyer in Q4 2023 was Morgan Stanley, an estimated $116M added.
  • The largest SPS Commerce seller in Q4 2023 was Conestoga Capital Advisors, an estimated $37M sold.

Based on aggregated 13F filings for Q4 2023.