SPS Commerce
SPSC
159 hedge funds and large institutions have $823M invested in SPS Commerce in 2017 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 59 increasing their positions, 47 reducing their positions, and 34 closing their positions.
26% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 47
2.15% more ownership
Funds ownership: 194.56% → 196.72% (+2.2%)
6% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 34
1% less funds holding
Funds holding: 161 → 159 (-2)
13% less capital invested
Capital invested by funds: $950M → $823M (-$127M)
42% less call options, than puts
Call options by funds: $491K | Put options by funds: $840K
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ESCM
Echo Street Capital Management
New York
|
+$22.9M |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$22M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$19.5M |
| 4 |
BBHC
Brown Brothers Harriman & Co
New York
|
+$17.6M |
| 5 |
TCM
Tensile Capital Management
Larkspur,
California
|
+$14.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCA
Southpoint Capital Advisors
New York
|
-$42.5M |
| 2 |
Janus Henderson Group
London,
|
-$36.9M |
| 3 |
BP
Banbury Partners
Charlotte,
North Carolina
|
-$29M |
| 4 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
-$23.7M |
| 5 |
VOYA Investment Management
Atlanta,
Georgia
|
-$15.7M |
SPSC Hedge Fund Activity: Q4 2017 in Review
159 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in SPS Commerce (SPSC) for Q4 2017, worth a combined $823M — down 13% from $950M a quarter earlier.
Sellers outnumbered buyers: 34 funds closed out of SPSC and 32 opened new positions — a net loss of 2 holders — while 47 trimmed existing stakes and 59 added.
The largest buyer was Echo Street Capital Management, opening a new position worth an estimated $22.9M. The largest seller was Southpoint Capital Advisors, exiting entirely with an estimated $42.5M sold.
- 159 institutional investors held SPS Commerce (SPSC) as of Q4 2017, down from 161 in Q3 2017.
- Funds reported $823M of SPS Commerce stock for Q4 2017, down 13% quarter-over-quarter.
- 32 funds opened new SPS Commerce positions in Q4 2017 and 34 closed out, a net change of -2 holders.
- The largest SPS Commerce buyer in Q4 2017 was Echo Street Capital Management, an estimated $22.9M added.
- The largest SPS Commerce seller in Q4 2017 was Southpoint Capital Advisors, an estimated $42.5M sold.
Based on aggregated 13F filings for Q4 2017.