SPS Commerce
SPSC
264 hedge funds and large institutions have $2.64B invested in SPS Commerce in 2020 Q2 according to their latest regulatory filings, with 55 funds opening new positions, 67 increasing their positions, 105 reducing their positions, and 31 closing their positions.
1,335% more call options, than puts
Call options by funds: $861K | Put options by funds: $60K
77% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 31
65% more capital invested
Capital invested by funds: $1.6B → $2.64B (+$1.04B)
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
10% more funds holding
Funds holding: 241 → 264 (+23)
2.82% more ownership
Funds ownership: 97.74% → 100.56% (+2.8%)
36% less repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 105
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
+$78.4M |
| 2 |
Neuberger Berman Group
New York
|
+$58.6M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$42.6M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$23.3M |
| 5 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
+$20.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAM
Fred Alger Management
New York
|
-$24.7M |
| 2 |
Morgan Stanley
New York
|
-$18M |
| 3 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
-$16.7M |
| 4 |
RCAMU
Rothschild & Co Asset Management US
Stamford,
Connecticut
|
-$14.4M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$12.6M |
SPSC Hedge Fund Activity: Q2 2020 in Review
264 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in SPS Commerce (SPSC) for Q2 2020, worth a combined $2.64B — up 65% from $1.6B a quarter earlier.
Buyers outnumbered sellers: 55 funds opened new SPSC positions and 31 closed out — a net gain of 24 holders — while 67 added to existing stakes and 105 trimmed.
The largest buyer was Kayne Anderson Rudnick Investment Management, adding an estimated $78.4M. The largest seller was Fred Alger Management, cutting an estimated $24.7M.
- 264 institutional investors held SPS Commerce (SPSC) as of Q2 2020, up from 241 in Q1 2020.
- Funds reported $2.64B of SPS Commerce stock for Q2 2020, up 65% quarter-over-quarter.
- 55 funds opened new SPS Commerce positions in Q2 2020 and 31 closed out, a net change of +24 holders.
- The largest SPS Commerce buyer in Q2 2020 was Kayne Anderson Rudnick Investment Management, an estimated $78.4M added.
- The largest SPS Commerce seller in Q2 2020 was Fred Alger Management, an estimated $24.7M sold.
Based on aggregated 13F filings for Q2 2020.