SPS Commerce
SPSC
241 hedge funds and large institutions have $1.6B invested in SPS Commerce in 2020 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 86 increasing their positions, 90 reducing their positions, and 37 closing their positions.
0.67% more ownership
Funds ownership: 97.08% → 97.74% (+0.67%)
4% less repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 90
4% less funds holding
Funds holding: 251 → 241 (-10)
15% less capital invested
Capital invested by funds: $1.87B → $1.6B (-$278M)
19% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 37
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$15.4M |
| 2 |
FAM
Fred Alger Management
New York
|
+$15.1M |
| 3 |
Renaissance Technologies
New York
|
+$11.8M |
| 4 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
+$10.3M |
| 5 |
FWIA
Fort Washington Investment Advisors
Cincinnati,
Ohio
|
+$9.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIP
General Industrial Partners
London,
United Kingdom
|
-$36M |
| 2 |
Millennium Management
New York
|
-$13M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$12.8M |
| 4 |
BlackRock
New York
|
-$9.74M |
| 5 |
Allianz Asset Management
Munich,
Germany
|
-$6.21M |
SPSC Hedge Fund Activity: Q1 2020 in Review
241 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in SPS Commerce (SPSC) for Q1 2020, worth a combined $1.6B — down 15% from $1.87B a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of SPSC and 30 opened new positions — a net loss of 7 holders — while 90 trimmed existing stakes and 86 added.
The largest buyer was Wells Fargo, adding an estimated $15.4M. The largest seller was General Industrial Partners, exiting entirely with an estimated $36M sold.
- 241 institutional investors held SPS Commerce (SPSC) as of Q1 2020, down from 251 in Q4 2019.
- Funds reported $1.6B of SPS Commerce stock for Q1 2020, down 15% quarter-over-quarter.
- 30 funds opened new SPS Commerce positions in Q1 2020 and 37 closed out, a net change of -7 holders.
- The largest SPS Commerce buyer in Q1 2020 was Wells Fargo, an estimated $15.4M added.
- The largest SPS Commerce seller in Q1 2020 was General Industrial Partners, an estimated $36M sold.
Based on aggregated 13F filings for Q1 2020.