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SPS Commerce
SPSC

Overview Fund Activity

443 hedge funds and large institutions have $4.91B invested in SPS Commerce in 2025 Q1 according to their latest regulatory filings, with 66 funds opening new positions, 169 increasing their positions, 159 reducing their positions, and 72 closing their positions.

New
Increased
Maintained
Reduced
Closed
Holders
443
Holders Change
-13
Holders Change %
-2.85%
% of All Funds
6.02%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.04%
New
66
Increased
169
Reduced
159
Closed
72
Calls
$13.8M
Puts
$3.66M
Net Calls
+$10.2M
Net Calls Change
+$2.86M

Top Buyers

1
Fiera Capital (Canada)
1
Fiera Capital (Canada)
Quebec, Canada
$31.3M
2
Kayne Anderson Rudnick Investment Management
2
Kayne Anderson Rudnick Investment Management
California
$118M
3
Squarepoint
3
Squarepoint
New York
$29.9M
4
Nordea Investment Management
4
Nordea Investment Management
Sweden
$28.5M
5
BCM
5
Brown Capital Management
Maryland
$35.4M

Top Sellers

1
AllianceBernstein
1
AllianceBernstein
Tennessee
$10.2M
2
Ameriprise
2
Ameriprise
Minnesota
$51.5M
3
Goldman Sachs
3
Goldman Sachs
New York
$25.2M
4
Fidelity Investments
4
Fidelity Investments
Massachusetts
$155M
5
Assenagon Asset Management
5
Assenagon Asset Management
Luxembourg
$6.92M
Name Holding Trade Value Shares
Change 		Shares
Change %
LTAS
201
Linden Thomas Advisory Services
North Carolina
$1.27M +$35.3K +266 +3%
AWAU
202
Alliance Wealth Advisors (Utah)
Utah
$1.23M +$11.9K +90 +1%
State Board of Administration of Florida Retirement System
203
State Board of Administration of Florida Retirement System
Florida
$1.21M – – –
COPPSERS
204
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$1.21M +$141K +1,061 +13%
ProShare Advisors
205
ProShare Advisors
Maryland
$1.18M -$329K -2,475 -22%
AI
206
Atria Investments
North Carolina
$1.17M -$7.43K -56 -0.6%
OPERF
207
Oregon Public Employees Retirement Fund
Oregon
$1.16M -$22.8K -172 -2%
HT
208
Headlands Technologies
Illinois
$1.15M +$665K +5,009 +136%
CWM
209
CIBC World Markets
New York
$1.11M +$642K +4,837 +137%
SSCM
210
Sovereign's Capital Management
Georgia
$1.1M +$754K +5,678 +217%
William Blair & Company
211
William Blair & Company
Illinois
$1.07M +$645K +4,858 +151%
PFSRSONJ
212
Police & Firemen's Retirement System of New Jersey
New Jersey
$1.07M – – –
AI
213
Accredited Investors
Minnesota
$1.05M -$796 -6 -0.1%
SG Americas Securities
214
SG Americas Securities
New York
$1.05M +$1.05M +7,872 New
LCM
215
Legato Capital Management
California
$1.02M +$334K +2,518 +48%
KK
216
KLP Kapitalforvaltning
Norway
$1.02M – – –
NB
217
Norinchukin Bank
Japan
$1M +$277K +2,090 +38%
PCP
218
Proficio Capital Partners
Massachusetts
$997K +$997K +7,513 New
AAS
219
Avantax Advisory Services
Texas
$988K -$34.9K -263 -3%
Vontobel Holding
220
Vontobel Holding
Switzerland
$978K +$200K +1,509 +26%
LIC
221
Laurus Investment Counsel
Canada
$974K – – –
Mercer Global Advisors
222
Mercer Global Advisors
Colorado
$960K +$11.4K +86 +1%
IQI
223
Integrated Quantitative Investments
Washington
$956K – – –
DWM
224
Diversify Wealth Management
Utah
$923K +$227K +1,601 +33%
GAM
225
Gotham Asset Management
New York
$923K +$85.3K +643 +10%
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