SPS Commerce
SPSC
374 hedge funds and large institutions have $7.1B invested in SPS Commerce in 2023 Q2 according to their latest regulatory filings, with 52 funds opening new positions, 127 increasing their positions, 147 reducing their positions, and 39 closing their positions.
210% more call options, than puts
Call options by funds: $2.92M | Put options by funds: $941K
133% more funds holding in top 10
Funds holding in top 10: 3 → 7 (+4)
33% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 39
28% more capital invested
Capital invested by funds: $5.56B → $7.1B (+$1.54B)
4% more funds holding
Funds holding: 361 → 374 (+13)
0.72% more ownership
Funds ownership: 100.79% → 101.51% (+0.72%)
14% less repeat investments, than reductions
Existing positions increased: 127 | Existing positions reduced: 147
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair Investment Management
Chicago,
Illinois
|
+$77.2M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$39.2M |
| 3 |
Franklin Resources
San Mateo,
California
|
+$24.3M |
| 4 |
California Public Employees Retirement System
Sacramento,
California
|
+$19.1M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$14.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
-$31.6M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$26.8M |
| 3 |
FAM
Fred Alger Management
New York
|
-$24.4M |
| 4 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
-$20.5M |
| 5 |
Morgan Stanley
New York
|
-$18.8M |
SPSC Hedge Fund Activity: Q2 2023 in Review
374 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in SPS Commerce (SPSC) for Q2 2023, worth a combined $7.1B — up 28% from $5.56B a quarter earlier.
Buyers outnumbered sellers: 52 funds opened new SPSC positions and 39 closed out — a net gain of 13 holders — while 127 added to existing stakes and 147 trimmed.
The largest buyer was William Blair Investment Management, opening a new position worth an estimated $77.2M. The largest seller was Neuberger Berman Group, cutting an estimated $31.6M.
- 374 institutional investors held SPS Commerce (SPSC) as of Q2 2023, up from 361 in Q1 2023.
- Funds reported $7.1B of SPS Commerce stock for Q2 2023, up 28% quarter-over-quarter.
- 52 funds opened new SPS Commerce positions in Q2 2023 and 39 closed out, a net change of +13 holders.
- The largest SPS Commerce buyer in Q2 2023 was William Blair Investment Management, an estimated $77.2M added.
- The largest SPS Commerce seller in Q2 2023 was Neuberger Berman Group, an estimated $31.6M sold.
Based on aggregated 13F filings for Q2 2023.