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SPS Commerce
SPSC

337 hedge funds and large institutions have $4.62B invested in SPS Commerce in 2022 Q4 according to their latest regulatory filings, with 40 funds opening new positions, 111 increasing their positions, 135 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,714% more call options, than puts

Call options by funds: $925K | Put options by funds: $51K

82% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 22

4% more funds holding

Funds holding: 323 → 337 (+14)

3% more capital invested

Capital invested by funds: $4.5B → $4.62B (+$117M)

0.41% more ownership

Funds ownership: 100.62% → 101.03% (+0.41%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

18% less repeat investments, than reductions

Existing positions increased: 111 | Existing positions reduced: 135

Holders
337
Holders Change
+14
Holders Change %
+4.33%
% of All Funds
5.42%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
40
Increased
111
Reduced
135
Closed
22
Calls
$925K
Puts
$51K
Net Calls
+$874K
Net Calls Change
+$1.42M

Top Buyers

1
AllianceBernstein
AllianceBernstein
Tennessee
+$75.6M
2
Morgan Stanley
Morgan Stanley
New York
+$62.9M
3
APG Asset Management
APG Asset Management
Netherlands
+$11.6M
4
DCM
Driehaus Capital Management
Illinois
+$10.9M
5
Goldman Sachs
Goldman Sachs
New York
+$9.1M

Top Sellers

1
Kayne Anderson Rudnick Investment Management
Kayne Anderson Rudnick Investment Management
California
-$15.7M
2
FAM
Fred Alger Management
New York
-$13.4M
3
N
Nuveen
North Carolina
-$10.3M
4
Mirae Asset Global Investments
Mirae Asset Global Investments
South Korea
-$10M
5
CAM
Congress Asset Management
Massachusetts
-$9.87M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$749M +$6.88M +53,356 +0.9%
Vanguard Group
2
Vanguard Group
Pennsylvania
$523M +$5.57M +43,182 +1%
Neuberger Berman Group
3
Neuberger Berman Group
New York
$258M -$2.13M -16,506 -0.8%
CCA
4
Conestoga Capital Advisors
Pennsylvania
$203M -$7.21M -55,968 -3%
State Street
5
State Street
Massachusetts
$155M -$2.49M -19,317 -2%
Kayne Anderson Rudnick Investment Management
6
Kayne Anderson Rudnick Investment Management
California
$133M -$15.7M -121,622 -11%
FAM
7
Fred Alger Management
New York
$126M -$13.4M -104,169 -10%
APG Asset Management
8
APG Asset Management
Netherlands
$125M +$11.6M +90,082 +10%
RP
9
Riverbridge Partners
Minnesota
$121M -$9.03M -70,105 -7%
CAM
10
Congress Asset Management
Massachusetts
$119M -$9.87M -76,549 -8%
GIM
11
Granahan Investment Management
Massachusetts
$106M -$5.81M -45,044 -5%
Morgan Stanley
12
Morgan Stanley
New York
$103M +$62.9M +488,227 +156%
AllianceBernstein
13
AllianceBernstein
Tennessee
$86.9M +$75.6M +586,851 +654%
Geode Capital Management
14
Geode Capital Management
Massachusetts
$86.3M +$2.79M +21,658 +3%
Ameriprise
15
Ameriprise
Minnesota
$78.2M -$8.58M -66,557 -10%
T. Rowe Price Associates
16
T. Rowe Price Associates
Maryland
$63.3M -$2.09M -16,218 -3%
Allspring Global Investments
17
Allspring Global Investments
North Carolina
$61M -$2.37M -18,424 -4%
Northern Trust
18
Northern Trust
Illinois
$60.7M +$1.59M +12,327 +3%
CS
19
Credit Suisse
Switzerland
$58.5M -$7.07M -54,884 -11%
GCM
20
Geneva Capital Management
Wisconsin
$57.5M +$8.65M +67,149 +18%
N
21
Nuveen
North Carolina
$54.3M -$10.3M -79,822 -16%
Bank of New York Mellon
22
Bank of New York Mellon
New York
$46.6M -$744K -5,776 -2%
Norges Bank
23
Norges Bank
Norway
$42.2M +$1.91M +14,846 +5%
Royal Bank of Canada
24
Royal Bank of Canada
Ontario, Canada
$40.1M -$29.8K -231 -0.1%
Bank of America
25
Bank of America
North Carolina
$38.2M -$43.3K -336 -0.1%
1
2 3 4 5

SPSC Hedge Fund Activity: Q4 2022 in Review

337 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in SPS Commerce (SPSC) for Q4 2022, worth a combined $4.62B — up 2.6% from $4.5B a quarter earlier.

Buyers outnumbered sellers: 40 funds opened new SPSC positions and 22 closed out — a net gain of 18 holders — while 111 added to existing stakes and 135 trimmed.

The largest buyer was AllianceBernstein, adding an estimated $75.6M. The largest seller was Kayne Anderson Rudnick Investment Management, cutting an estimated $15.7M.

  • 337 institutional investors held SPS Commerce (SPSC) as of Q4 2022, up from 323 in Q3 2022.
  • Funds reported $4.62B of SPS Commerce stock for Q4 2022, up 2.6% quarter-over-quarter.
  • 40 funds opened new SPS Commerce positions in Q4 2022 and 22 closed out, a net change of +18 holders.
  • The largest SPS Commerce buyer in Q4 2022 was AllianceBernstein, an estimated $75.6M added.
  • The largest SPS Commerce seller in Q4 2022 was Kayne Anderson Rudnick Investment Management, an estimated $15.7M sold.

Based on aggregated 13F filings for Q4 2022.