SPS Commerce
SPSC
161 hedge funds and large institutions have $950M invested in SPS Commerce in 2017 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 52 increasing their positions, 56 reducing their positions, and 13 closing their positions.
100% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 13
7% more funds holding
Funds holding: 150 → 161 (+11)
7% less repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 56
2.32% less ownership
Funds ownership: 196.88% → 194.56% (-2.3%)
12% less capital invested
Capital invested by funds: $1.08B → $950M (-$129M)
14% less call options, than puts
Call options by funds: $1.08M | Put options by funds: $1.26M
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
+$16.3M |
| 2 |
RCG
Ruane, Cunniff & Goldfarb
New York
|
+$15.1M |
| 3 |
Millennium Management
New York
|
+$14.9M |
| 4 |
HP
Hound Partners
New York
|
+$10.8M |
| 5 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$8.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$29.5M |
| 2 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$27.4M |
| 3 |
RIM
Ranger Investment Management
Dallas,
Texas
|
-$16.3M |
| 4 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
-$13M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$7.53M |
SPSC Hedge Fund Activity: Q3 2017 in Review
161 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in SPS Commerce (SPSC) for Q3 2017, worth a combined $950M — down 12% from $1.08B a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new SPSC positions and 13 closed out — a net gain of 13 holders — while 52 added to existing stakes and 56 trimmed.
The largest buyer was Capital World Investors, adding an estimated $16.3M. The largest seller was Fidelity Investments, cutting an estimated $29.5M.
- 161 institutional investors held SPS Commerce (SPSC) as of Q3 2017, up from 150 in Q2 2017.
- Funds reported $950M of SPS Commerce stock for Q3 2017, down 12% quarter-over-quarter.
- 26 funds opened new SPS Commerce positions in Q3 2017 and 13 closed out, a net change of +13 holders.
- The largest SPS Commerce buyer in Q3 2017 was Capital World Investors, an estimated $16.3M added.
- The largest SPS Commerce seller in Q3 2017 was Fidelity Investments, an estimated $29.5M sold.
Based on aggregated 13F filings for Q3 2017.