SPS Commerce
SPSC
153 hedge funds and large institutions have $747M invested in SPS Commerce in 2016 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 58 increasing their positions, 47 reducing their positions, and 27 closing their positions.
3,400% more call options, than puts
Call options by funds: $315K | Put options by funds: $9K
23% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 47
15% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 27
3% more funds holding
Funds holding: 149 → 153 (+4)
38% less capital invested
Capital invested by funds: $1.2B → $747M (-$456M)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
+$13.8M |
| 2 |
Brown Advisory
Baltimore,
Maryland
|
+$12.2M |
| 3 |
Millennium Management
New York
|
+$11.3M |
| 4 |
DGI
Disciplined Growth Investors
Minneapolis,
Minnesota
|
+$7.11M |
| 5 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
+$6.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
-$25.4M |
| 2 |
NCGI
Next Century Growth Investors
Plymouth,
Minnesota
|
-$24.2M |
| 3 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
-$13.2M |
| 4 |
FPC
Falcon Point Capital
San Francisco,
California
|
-$11.7M |
| 5 |
Allianz Asset Management
Munich,
Germany
|
-$11.1M |
SPSC Hedge Fund Activity: Q1 2016 in Review
153 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in SPS Commerce (SPSC) for Q1 2016, worth a combined $747M — down 38% from $1.2B a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new SPSC positions and 27 closed out — a net gain of 4 holders — while 58 added to existing stakes and 47 trimmed.
The largest buyer was Conestoga Capital Advisors, adding an estimated $13.8M. The largest seller was Fidelity International, exiting entirely with an estimated $25.4M sold.
- 153 institutional investors held SPS Commerce (SPSC) as of Q1 2016, up from 149 in Q4 2015.
- Funds reported $747M of SPS Commerce stock for Q1 2016, down 38% quarter-over-quarter.
- 31 funds opened new SPS Commerce positions in Q1 2016 and 27 closed out, a net change of +4 holders.
- The largest SPS Commerce buyer in Q1 2016 was Conestoga Capital Advisors, an estimated $13.8M added.
- The largest SPS Commerce seller in Q1 2016 was Fidelity International, an estimated $25.4M sold.
Based on aggregated 13F filings for Q1 2016.