SPS Commerce
SPSC
424 hedge funds and large institutions have $6.8B invested in SPS Commerce in 2024 Q1 according to their latest regulatory filings, with 63 funds opening new positions, 162 increasing their positions, 149 reducing their positions, and 37 closing their positions.
199% more call options, than puts
Call options by funds: $6.03M | Put options by funds: $2.02M
70% more first-time investments, than exits
New positions opened: 63 | Existing positions closed: 37
5% more funds holding
Funds holding: 402 → 424 (+22)
9% more repeat investments, than reductions
Existing positions increased: 162 | Existing positions reduced: 149
6.22% less ownership
Funds ownership: 105.98% → 99.75% (-6.2%)
10% less capital invested
Capital invested by funds: $7.52B → $6.8B (-$724M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$19.7M |
| 2 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$18.5M |
| 3 |
Fisher Asset Management
Camas,
Washington
|
+$16.5M |
| 4 |
Millennium Management
New York
|
+$16.1M |
| 5 |
Goldman Sachs
New York
|
+$15.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
-$340M |
| 2 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$43.2M |
| 3 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
-$26.9M |
| 4 |
California Public Employees Retirement System
Sacramento,
California
|
-$23.2M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$16M |
SPSC Hedge Fund Activity: Q1 2024 in Review
424 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in SPS Commerce (SPSC) for Q1 2024, worth a combined $6.8B — down 9.6% from $7.52B a quarter earlier.
Buyers outnumbered sellers: 63 funds opened new SPSC positions and 37 closed out — a net gain of 26 holders — while 162 added to existing stakes and 149 trimmed.
The largest buyer was Franklin Resources, adding an estimated $19.7M. The largest seller was Neuberger Berman Group, cutting an estimated $340M.
- 424 institutional investors held SPS Commerce (SPSC) as of Q1 2024, up from 402 in Q4 2023.
- Funds reported $6.8B of SPS Commerce stock for Q1 2024, down 9.6% quarter-over-quarter.
- 63 funds opened new SPS Commerce positions in Q1 2024 and 37 closed out, a net change of +26 holders.
- The largest SPS Commerce buyer in Q1 2024 was Franklin Resources, an estimated $19.7M added.
- The largest SPS Commerce seller in Q1 2024 was Neuberger Berman Group, an estimated $340M sold.
Based on aggregated 13F filings for Q1 2024.