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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
AIMCA
151
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$2.46M -$344K -1,970 -13%
RG
152
Renaissance Group
Kentucky
$2.45M +$133K +762 +6%
LF
153
Lannebo Fonder
Sweden
$2.45M -$52.3K -300 -2%
MAM
154
Martingale Asset Management
Massachusetts
$2.44M +$105K +600 +5%
IIM
155
Ironwood Investment Management
Massachusetts
$2.32M -$15.2K -87 -0.7%
MGWM
156
Marks Group Wealth Management
Minnesota
$2.29M – – –
WTC
157
WhitTier Trust Company
Nevada
$2.15M +$89.1K +511 +5%
PGCM
158
Prescott Group Capital Management
Oklahoma
$2.13M – – –
Bank of Montreal
159
Bank of Montreal
Ontario, Canada
$2.11M -$69.4K -398 -4%
EAM
160
EFG Asset Management
Oregon
$2.1M -$47.1K -270 -2%
ZB
161
Zions Bancorporation
Utah
$2.09M +$125K +714 +7%
OPERF
162
Oregon Public Employees Retirement Fund
Oregon
$2.07M -$21.1K -121 -1%
First Trust Advisors
163
First Trust Advisors
Illinois
$2.05M -$3.19M -18,284 -63%
State Board of Administration of Florida Retirement System
164
State Board of Administration of Florida Retirement System
Florida
$2.03M – – –
Handelsbanken Fonder
165
Handelsbanken Fonder
Sweden
$1.99M +$17.4K +100 +1%
ASRS
166
Arizona State Retirement System
Arizona
$1.99M -$27.2K -156 -1%
SO
167
STRS Ohio
Ohio
$1.94M -$69.8K -400 -4%
Teacher Retirement System of Texas
168
Teacher Retirement System of Texas
Texas
$1.93M -$353K -2,025 -17%
NG
169
Norden Group
Utah
$1.92M +$58.8K +337 +4%
Two Sigma Advisers
170
Two Sigma Advisers
New York
$1.91M -$401K -2,300 -19%
IWS
171
Insight Wealth Strategies
California
$1.9M -$122K -699 -7%
VanEck Associates
172
VanEck Associates
New York
$1.88M +$453K +2,600 +37%
Select Equity Group
173
Select Equity Group
New York
$1.85M +$158K +905 +10%
MC
174
McMorgan & Co
California
$1.8M -$258K -1,477 -14%
CI
175
Cavalier Investments
Georgia
$1.8M +$37.7K +216 +2%
5 6
7
8 9

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.