SPS Commerce
SPSC
329 hedge funds and large institutions have $2.13B invested in SPS Commerce in 2026 Q1 according to their latest regulatory filings, with 58 funds opening new positions, 133 increasing their positions, 96 reducing their positions, and 89 closing their positions.
514% more call options, than puts
Call options by funds: $12.4M | Put options by funds: $2.02M
300% more funds holding in top 10
Funds holding in top 10: 1 → 4 (+3)
39% more repeat investments, than reductions
Existing positions increased: 133 | Existing positions reduced: 96
0.46% more ownership
Funds ownership: 101.66% → 102.12% (+0.46%)
10% less funds holding
Funds holding: 367 → 329 (-38)
35% less first-time investments, than exits
New positions opened: 58 | Existing positions closed: 89
38% less capital invested
Capital invested by funds: $3.42B → $2.13B (-$1.29B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$46.9M |
| 2 |
AFM
Anson Funds Management
Dallas,
Texas
|
+$41.4M |
| 3 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$35.6M |
| 4 |
Walleye Capital
New York
|
+$31.2M |
| 5 |
Goldman Sachs
New York
|
+$29.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$86.2M |
| 2 |
Nordea Investment Management
Stockholm,
Sweden
|
-$48.9M |
| 3 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
-$45.7M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$42M |
| 5 |
Nomura Holdings
Tokyo,
Japan
|
-$27.1M |
SPSC Hedge Fund Activity: Q1 2026 in Review
329 of the 8,187 institutional investors tracked by Wall St. Rank reported a position in SPS Commerce (SPSC) for Q1 2026, worth a combined $2.13B — down 38% from $3.42B a quarter earlier.
Sellers outnumbered buyers: 89 funds closed out of SPSC and 58 opened new positions — a net loss of 31 holders — while 96 trimmed existing stakes and 133 added.
The largest buyer was Citadel Advisors, adding an estimated $46.9M. The largest seller was UBS Group, cutting an estimated $86.2M.
- 329 institutional investors held SPS Commerce (SPSC) as of Q1 2026, down from 367 in Q4 2025.
- Funds reported $2.13B of SPS Commerce stock for Q1 2026, down 38% quarter-over-quarter.
- 58 funds opened new SPS Commerce positions in Q1 2026 and 89 closed out, a net change of -31 holders.
- The largest SPS Commerce buyer in Q1 2026 was Citadel Advisors, an estimated $46.9M added.
- The largest SPS Commerce seller in Q1 2026 was UBS Group, an estimated $86.2M sold.
Based on aggregated 13F filings for Q1 2026.