SPS Commerce
SPSC
234 hedge funds and large institutions have $1.6B invested in SPS Commerce in 2019 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 94 increasing their positions, 84 reducing their positions, and 28 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
12% more repeat investments, than reductions
Existing positions increased: 94 | Existing positions reduced: 84
3% less funds holding
Funds holding: 240 → 234 (-6)
9% less capital invested
Capital invested by funds: $1.76B → $1.6B (-$163M)
21% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 28
69% less call options, than puts
Call options by funds: $1.21M | Put options by funds: $3.92M
94.99% less ownership
Funds ownership: 192.23% → 97.24% (-95%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
+$18.8M |
| 2 |
ESCM
Echo Street Capital Management
New York
|
+$12.7M |
| 3 |
Norges Bank
Oslo,
Norway
|
+$12M |
| 4 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
+$10.6M |
| 5 |
GIP
General Industrial Partners
London,
United Kingdom
|
+$9.66M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$24.9M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$12.7M |
| 3 |
SG Americas Securities
New York
|
-$11M |
| 4 |
Man Group
London,
United Kingdom
|
-$10.3M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$8.85M |
SPSC Hedge Fund Activity: Q3 2019 in Review
234 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in SPS Commerce (SPSC) for Q3 2019, worth a combined $1.6B — down 9.3% from $1.76B a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of SPSC and 22 opened new positions — a net loss of 6 holders — while 84 trimmed existing stakes and 94 added.
The largest buyer was Granahan Investment Management, adding an estimated $18.8M. The largest seller was Fidelity Investments, cutting an estimated $24.9M.
- 234 institutional investors held SPS Commerce (SPSC) as of Q3 2019, down from 240 in Q2 2019.
- Funds reported $1.6B of SPS Commerce stock for Q3 2019, down 9.3% quarter-over-quarter.
- 22 funds opened new SPS Commerce positions in Q3 2019 and 28 closed out, a net change of -6 holders.
- The largest SPS Commerce buyer in Q3 2019 was Granahan Investment Management, an estimated $18.8M added.
- The largest SPS Commerce seller in Q3 2019 was Fidelity Investments, an estimated $24.9M sold.
Based on aggregated 13F filings for Q3 2019.