SPS Commerce
SPSC
154 hedge funds and large institutions have $992M invested in SPS Commerce in 2017 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 57 increasing their positions, 50 reducing their positions, and 21 closing their positions.
28% more call options, than puts
Call options by funds: $1.3M | Put options by funds: $1.02M
14% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 50
5% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 21
5% less funds holding
Funds holding: 162 → 154 (-8)
9.8% less ownership
Funds ownership: 207.34% → 197.55% (-9.8%)
20% less capital invested
Capital invested by funds: $1.23B → $992M (-$242M)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$123M |
| 2 |
HP
Hound Partners
New York
|
+$44.8M |
| 3 |
SCA
Southpoint Capital Advisors
New York
|
+$24.5M |
| 4 |
BP
Banbury Partners
Charlotte,
North Carolina
|
+$23.4M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$13.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
-$43.8M |
| 2 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$33.4M |
| 3 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
-$26.6M |
| 4 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$23.1M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$14.5M |
SPSC Hedge Fund Activity: Q1 2017 in Review
154 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in SPS Commerce (SPSC) for Q1 2017, worth a combined $992M — down 20% from $1.23B a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of SPSC and 20 opened new positions — a net loss of 1 holder — while 50 trimmed existing stakes and 57 added.
The largest buyer was BlackRock, adding an estimated $123M. The largest seller was Champlain Investment Partners, exiting entirely with an estimated $43.8M sold.
- 154 institutional investors held SPS Commerce (SPSC) as of Q1 2017, down from 162 in Q4 2016.
- Funds reported $992M of SPS Commerce stock for Q1 2017, down 20% quarter-over-quarter.
- 20 funds opened new SPS Commerce positions in Q1 2017 and 21 closed out, a net change of -1 holder.
- The largest SPS Commerce buyer in Q1 2017 was BlackRock, an estimated $123M added.
- The largest SPS Commerce seller in Q1 2017 was Champlain Investment Partners, an estimated $43.8M sold.
Based on aggregated 13F filings for Q1 2017.