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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
Pictet Asset Management
201
Pictet Asset Management
Switzerland
$1.06M +$50.2K +288 +6%
Schroder Investment Management Group
202
Schroder Investment Management Group
United Kingdom
$1.02M -$150K -861 -14%
Creative Planning
203
Creative Planning
Kansas
$998K +$349K +1,999 +64%
VHAM
204
Van Hulzen Asset Management
California
$997K +$30.5K +175 +4%
Renaissance Technologies
205
Renaissance Technologies
New York
$989K -$6.05M -34,700 -87%
VPIM
206
Vanguard Personalized Indexing Management
California
$974K +$85.1K +488 +11%
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
207
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$972K +$1.22K +7 +0.1%
Fidelity International
208
Fidelity International
Bermuda
$969K -$174K -1,000 -17%
William Blair & Company
209
William Blair & Company
Illinois
$957K +$9.07K +52 +1%
MYIA
210
Mount Yale Investment Advisors
Colorado
$942K -$6.45K -37 -0.8%
EP
211
Edgestream Partners
New Jersey
$938K +$454K +2,602 +116%
Lazard Asset Management
212
Lazard Asset Management
New York
$908K +$10.5K +60 +1%
Luther King Capital Management (LKCM)
213
Luther King Capital Management (LKCM)
Texas
$907K -$241K -1,380 -23%
KeyBank National Association
214
KeyBank National Association
Ohio
$891K +$37.5K +215 +5%
Public Employees Retirement Association of Colorado
215
Public Employees Retirement Association of Colorado
Colorado
$868K -$51.5K -295 -6%
ARC
216
Advisor Resource Council
Texas
$866K +$779K +4,469 New
Amundi
217
Amundi
France
$866K +$44K +252 +5%
YMRC
218
Yorktown Management & Research Company
Virginia
$839K – – –
NA
219
NewEdge Advisors
Louisiana
$821K -$18.5K -106 -2%
MUAMU
220
Mitsubishi UFJ Asset Management (UK)
United Kingdom
$775K – – –
Calamos Advisors
221
Calamos Advisors
Illinois
$774K -$5.06K -29 -0.7%
CGH
222
Crossmark Global Holdings
Texas
$772K -$28.6K -164 -4%
PAS
223
Park Avenue Securities
New York
$752K +$55.5K +318 +9%
AWA
224
Arkadios Wealth Advisors
Georgia
$734K +$11.2K +64 +2%
AIP
225
Ameritas Investment Partners
Nebraska
$721K +$18K +103 +3%
7 8
9
10 11

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.