SPS Commerce
SPSC
170 hedge funds and large institutions have $1.07B invested in SPS Commerce in 2018 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 55 increasing their positions, 58 reducing their positions, and 16 closing their positions.
3,206% more call options, than puts
Call options by funds: $9.52M | Put options by funds: $288K
100% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 16
30% more capital invested
Capital invested by funds: $823M → $1.07B (+$251M)
7% more funds holding
Funds holding: 159 → 170 (+11)
5% less repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 58
2.31% less ownership
Funds ownership: 196.72% → 194.41% (-2.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPAM
Legion Partners Asset Management
Los Angeles,
California
|
+$18.5M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$16.9M |
| 3 |
AA
Ancora Advisors
Cleveland,
Ohio
|
+$11.3M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$10.6M |
| 5 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
+$8.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCG
Ruane, Cunniff & Goldfarb
New York
|
-$28.3M |
| 2 |
HP
Hound Partners
New York
|
-$24M |
| 3 |
Millennium Management
New York
|
-$16.5M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$8.58M |
| 5 |
Renaissance Technologies
New York
|
-$7.86M |
SPSC Hedge Fund Activity: Q1 2018 in Review
170 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in SPS Commerce (SPSC) for Q1 2018, worth a combined $1.07B — up 30% from $823M a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new SPSC positions and 16 closed out — a net gain of 16 holders — while 55 added to existing stakes and 58 trimmed.
The largest buyer was Legion Partners Asset Management, opening a new position worth an estimated $18.5M. The largest seller was Ruane, Cunniff & Goldfarb, cutting an estimated $28.3M.
- 170 institutional investors held SPS Commerce (SPSC) as of Q1 2018, up from 159 in Q4 2017.
- Funds reported $1.07B of SPS Commerce stock for Q1 2018, up 30% quarter-over-quarter.
- 32 funds opened new SPS Commerce positions in Q1 2018 and 16 closed out, a net change of +16 holders.
- The largest SPS Commerce buyer in Q1 2018 was Legion Partners Asset Management, an estimated $18.5M added.
- The largest SPS Commerce seller in Q1 2018 was Ruane, Cunniff & Goldfarb, an estimated $28.3M sold.
Based on aggregated 13F filings for Q1 2018.