SPS Commerce
SPSC
361 hedge funds and large institutions have $5.56B invested in SPS Commerce in 2023 Q1 according to their latest regulatory filings, with 56 funds opening new positions, 116 increasing their positions, 140 reducing their positions, and 26 closing their positions.
115% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 26
72% more call options, than puts
Call options by funds: $1.78M | Put options by funds: $1.04M
20% more capital invested
Capital invested by funds: $4.62B → $5.56B (+$939M)
8% more funds holding
Funds holding: 335 → 361 (+26)
0.99% more ownership
Funds ownership: 99.8% → 100.79% (+0.99%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
17% less repeat investments, than reductions
Existing positions increased: 116 | Existing positions reduced: 140
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$21.7M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$16.8M |
| 3 |
SEI Investments
Oaks,
Pennsylvania
|
+$10.7M |
| 4 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$9.93M |
| 5 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$9.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$18.9M |
| 2 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
-$15.5M |
| 3 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$10.9M |
| 4 |
FAM
Fred Alger Management
New York
|
-$10.6M |
| 5 |
Man Group
London,
United Kingdom
|
-$10M |
SPSC Hedge Fund Activity: Q1 2023 in Review
361 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in SPS Commerce (SPSC) for Q1 2023, worth a combined $5.56B — up 20% from $4.62B a quarter earlier.
Buyers outnumbered sellers: 56 funds opened new SPSC positions and 26 closed out — a net gain of 30 holders — while 116 added to existing stakes and 140 trimmed.
The largest buyer was AllianceBernstein, adding an estimated $21.7M. The largest seller was BlackRock, cutting an estimated $18.9M.
- 361 institutional investors held SPS Commerce (SPSC) as of Q1 2023, up from 335 in Q4 2022.
- Funds reported $5.56B of SPS Commerce stock for Q1 2023, up 20% quarter-over-quarter.
- 56 funds opened new SPS Commerce positions in Q1 2023 and 26 closed out, a net change of +30 holders.
- The largest SPS Commerce buyer in Q1 2023 was AllianceBernstein, an estimated $21.7M added.
- The largest SPS Commerce seller in Q1 2023 was BlackRock, an estimated $18.9M sold.
Based on aggregated 13F filings for Q1 2023.