SPS Commerce
SPSC
318 hedge funds and large institutions have $2.23B invested in SPS Commerce in 2026 Q2 according to their latest regulatory filings, with 61 funds opening new positions, 116 increasing their positions, 110 reducing their positions, and 66 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
4.21% more ownership
Funds ownership: 102.12% → 106.33% (+4.2%)
5% more repeat investments, than reductions
Existing positions increased: 116 | Existing positions reduced: 110
5% more capital invested
Capital invested by funds: $2.13B → $2.23B (+$104M)
8% less first-time investments, than exits
New positions opened: 61 | Existing positions closed: 66
3% less funds holding
Funds holding: 329 → 318 (-11)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DGI
Disciplined Growth Investors
Minneapolis,
Minnesota
|
+$72.5M |
| 2 |
ECM
Engine Capital Management
New York
|
+$50.6M |
| 3 |
ICM
Invenomic Capital Management
Boston,
Massachusetts
|
+$33.4M |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$14.8M |
| 5 |
LPP
Long Path Partners
Stamford,
Connecticut
|
+$9.99M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$34.2M |
| 2 |
Nordea Investment Management
Stockholm,
Sweden
|
-$30M |
| 3 |
RP
Riverbridge Partners
Minneapolis,
Minnesota
|
-$21.1M |
| 4 |
D.E. Shaw & Co
New York
|
-$17M |
| 5 |
Walleye Capital
New York
|
-$15.3M |
SPSC Hedge Fund Activity: Q2 2026 in Review
318 of the 8,305 institutional investors tracked by Wall St. Rank reported a position in SPS Commerce (SPSC) for Q2 2026, worth a combined $2.23B — up 4.9% from $2.13B a quarter earlier.
Sellers outnumbered buyers: 66 funds closed out of SPSC and 61 opened new positions — a net loss of 5 holders — while 110 trimmed existing stakes and 116 added.
The largest buyer was Disciplined Growth Investors, adding an estimated $72.5M. The largest seller was Bank of America, cutting an estimated $34.2M.
- 318 institutional investors held SPS Commerce (SPSC) as of Q2 2026, down from 329 in Q1 2026.
- Funds reported $2.23B of SPS Commerce stock for Q2 2026, up 4.9% quarter-over-quarter.
- 61 funds opened new SPS Commerce positions in Q2 2026 and 66 closed out, a net change of -5 holders.
- The largest SPS Commerce buyer in Q2 2026 was Disciplined Growth Investors, an estimated $72.5M added.
- The largest SPS Commerce seller in Q2 2026 was Bank of America, an estimated $34.2M sold.
Based on aggregated 13F filings for Q2 2026.