SPS Commerce
SPSC
402 hedge funds and large institutions have $7.52B invested in SPS Commerce in 2023 Q4 according to their latest regulatory filings, with 48 funds opening new positions, 133 increasing their positions, 175 reducing their positions, and 19 closing their positions.
153% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 19
148% more call options, than puts
Call options by funds: $8.28M | Put options by funds: $3.33M
18% more capital invested
Capital invested by funds: $6.36B → $7.52B (+$1.16B)
6% more funds holding
Funds holding: 379 → 402 (+23)
4.45% more ownership
Funds ownership: 101.52% → 105.98% (+4.5%)
24% less repeat investments, than reductions
Existing positions increased: 133 | Existing positions reduced: 175
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
+$313M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$43M |
| 3 |
BlackRock
New York
|
+$29.5M |
| 4 |
APG Asset Management
Amsterdam,
Netherlands
|
+$19.3M |
| 5 |
AI
Axiom Investors
Greenwich,
Connecticut
|
+$14.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
-$37M |
| 2 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$18.1M |
| 3 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
-$17.5M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$12.3M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$11.2M |
SPSC Hedge Fund Activity: Q4 2023 in Review
402 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in SPS Commerce (SPSC) for Q4 2023, worth a combined $7.52B — up 18% from $6.36B a quarter earlier.
Buyers outnumbered sellers: 48 funds opened new SPSC positions and 19 closed out — a net gain of 29 holders — while 133 added to existing stakes and 175 trimmed.
The largest buyer was Neuberger Berman Group, adding an estimated $313M. The largest seller was Conestoga Capital Advisors, cutting an estimated $37M.
- 402 institutional investors held SPS Commerce (SPSC) as of Q4 2023, up from 379 in Q3 2023.
- Funds reported $7.52B of SPS Commerce stock for Q4 2023, up 18% quarter-over-quarter.
- 48 funds opened new SPS Commerce positions in Q4 2023 and 19 closed out, a net change of +29 holders.
- The largest SPS Commerce buyer in Q4 2023 was Neuberger Berman Group, an estimated $313M added.
- The largest SPS Commerce seller in Q4 2023 was Conestoga Capital Advisors, an estimated $37M sold.
Based on aggregated 13F filings for Q4 2023.