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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
TD Asset Management
176
TD Asset Management
Ontario, Canada
$1.78M -$785K -4,500 -33%
Vontobel Holding
177
Vontobel Holding
Switzerland
$1.69M +$3.84K +22 +0.3%
HighTower Advisors
178
HighTower Advisors
Illinois
$1.67M +$60.3K +346 +4%
GLA
179
Great Lakes Advisors
Illinois
$1.61M -$10.5K -60 -0.7%
MML Investors Services
180
MML Investors Services
Massachusetts
$1.61M +$186K +1,068 +15%
Zurich Cantonal Bank
181
Zurich Cantonal Bank
Switzerland
$1.57M +$178K +1,018 +14%
LTAS
182
Linden Thomas Advisory Services
North Carolina
$1.55M +$85.1K +488 +6%
COPPSERS
183
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$1.54M -$2.89M -16,584 -68%
AI
184
Accredited Investors
Minnesota
$1.53M +$1.4K +8 +0.1%
KWM
185
Keebeck Wealth Management
Illinois
$1.53M +$285K +1,634 +26%
AWAU
186
Alliance Wealth Advisors (Utah)
Utah
$1.52M +$28.1K +161 +2%
Envestnet Portfolio Solutions
187
Envestnet Portfolio Solutions
Illinois
$1.41M -$88.6K -508 -7%
ProShare Advisors
188
ProShare Advisors
Maryland
$1.34M +$228K +1,305 +23%
PWG
189
Portside Wealth Group
Utah
$1.33M +$49.5K +284 +4%
ZIM
190
Zacks Investment Management
Illinois
$1.31M -$46.6K -267 -4%
TRCT
191
Tower Research Capital (TRC)
New York
$1.25M +$698K +4,001 +163%
MOACM
192
Mutual of America Capital Management
New York
$1.25M -$174 -1 -0%
GAM
193
Gotham Asset Management
New York
$1.23M -$8.37K -48 -0.7%
PNC Financial Services Group
194
PNC Financial Services Group
Pennsylvania
$1.2M -$84.2K -483 -7%
D.E. Shaw & Co
195
D.E. Shaw & Co
New York
$1.19M +$258K +1,477 +32%
BTWM
196
Baker Tilly Wealth Management
Wisconsin
$1.15M +$56.5K +324 +6%
M&T Bank
197
M&T Bank
New York
$1.13M -$1.57K -9 -0.2%
MOS
198
MGO One Seven
Ohio
$1.11M -$128K -733 -11%
Millennium Management
199
Millennium Management
New York
$1.1M +$624K +3,575 +172%
ECM
200
Everence Capital Management
Indiana
$1.09M – – –
6 7
8
9 10

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.