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SPS Commerce Inc

SPSC
Exchange
Nasdaq
Industry
Services-Prepackaged Software
SEC CIK
0001092699

No open-market purchases or sales by SPS Commerce Inc insiders were filed in the last 90 days; 318 institutions reported holding it in 13F filings for Q2 2026, worth $2.23B in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in SPS Commerce Inc as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
367
−30 vs. Q3 2025
Shares held
38.3M
−8.31K (0.0%) vs. Q3 2025
Total value
$3.42B
−$588.1M (−14.7%) vs. Q3 2025
New holders
64
122 more added
Sold out
94
146 more reduced

6 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting SPSC on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 367 institutions
Q1 2021: 290 institutionsQ2 2021: 278 institutionsQ3 2021: 315 institutionsQ4 2021: 331 institutionsQ1 2022: 326 institutionsQ2 2022: 317 institutionsQ3 2022: 324 institutionsQ4 2022: 337 institutionsQ1 2023: 362 institutionsQ2 2023: 374 institutionsQ3 2023: 380 institutionsQ4 2023: 402 institutionsQ1 2024: 422 institutionsQ2 2024: 449 institutionsQ3 2024: 461 institutionsQ4 2024: 460 institutionsQ1 2025: 448 institutionsQ2 2025: 452 institutionsQ3 2025: 403 institutionsQ4 2025: 367 institutionsQ1 2026: 329 institutionsQ2 2026: 318 institutions
Value heldQ4 2025: $3.42B
Q1 2021: $3.49BQ2 2021: $3.52BQ3 2021: $5.80BQ4 2021: $5.06BQ1 2022: $4.70BQ2 2022: $4.09BQ3 2022: $4.50BQ4 2022: $4.68BQ1 2023: $5.56BQ2 2023: $7.10BQ3 2023: $6.36BQ4 2023: $7.17BQ1 2024: $6.79BQ2 2024: $6.88BQ3 2024: $7.16BQ4 2024: $6.96BQ1 2025: $4.99BQ2 2025: $5.19BQ3 2025: $4.04BQ4 2025: $3.42BQ1 2026: $2.13BQ2 2026: $2.23B
Institutions holding SPSC and their total value by quarter
QuarterHoldersValue
Q2 2026318$2.23B
Q1 2026329$2.13B
Q4 2025367$3.42B
Q3 2025403$4.04B
Q2 2025452$5.19B
Q1 2025448$4.99B
Q4 2024460$6.96B
Q3 2024461$7.16B
Q2 2024449$6.88B
Q1 2024422$6.79B
Q4 2023402$7.17B
Q3 2023380$6.36B
Q2 2023374$7.10B
Q1 2023362$5.56B
Q4 2022337$4.68B
Q3 2022324$4.50B
Q2 2022317$4.09B
Q1 2022326$4.70B
Q4 2021331$5.06B
Q3 2021315$5.80B
Q2 2021278$3.52B
Q1 2021290$3.49B

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding SPS Commerce Inc; share changes are against Q3 2025.

Institutions holding SPSC in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
BlackRock, Inc.5,717,985$509.6M0.01%+69,911+1.2%Added
Vanguard Group Inc4,925,441$439.0M0.01%−19,008−0.4%Reduced
State Street Corp1,468,312$130.9M0.00%+8,163+0.6%Added
Neuberger Berman Group LLC1,415,289$126.1M0.09%+115,157+8.9%Added
UBS Group AG1,295,267$115.4M0.02%+836,407+182.3%Added
Nordea Investment Management AB1,216,642$108.8M0.09%−75,414−5.8%Reduced
Geode Capital Management, LLC971,395$86.6M0.01%+1,665+0.2%Added
Bank of America Corp967,188$86.2M0.01%+567,720+142.1%Added
Morgan Stanley872,018$77.7M0.00%−101,642−10.4%Reduced
Disciplined Growth Investors Inc844,613$75.3M1.44%+52,141+6.6%Added
BNP PARIBAS ASSET MANAGEMENT Holding S.A.739,762$65.9M0.08%+184,478+33.2%Added
Goldman Sachs Group Inc661,610$59.0M0.01%+270,424+69.1%Added
FMR LLC651,109$58.0M0.00%+23,487+3.7%Added
Conestoga Capital Advisors, LLC642,804$57.3M0.96%−638,707−49.8%Reduced
Van Berkom & Associates Inc.616,886$55.0M1.59%+118,732+23.8%Added
Norges Bank559,669$49.9M0.01%+559,669New
Nomura Asset Management International Inc.546,640$48.7M0.07%+546,640New
Charles Schwab Investment Management Inc488,821$43.6M0.01%−3,768−0.8%Reduced
Riverbridge Partners LLC480,824$42.9M0.80%+9,599+2.0%Added
JPMorgan Chase & Co478,503$42.6M0.00%+13,546+2.9%Added
D. E. Shaw & Co., Inc.452,519$40.3M0.03%+144,286+46.8%Added
Irenic Capital Management LP452,066$40.3M5.28%+452,066New
Northern Trust Corp452,052$40.3M0.01%−53,064−10.5%Reduced
Dimensional Fund Advisors LP430,296$38.4M0.01%−52,673−10.9%Reduced
American Capital Management Inc306,786$27.3M1.21%+23,311+8.2%Added
Nomura Holdings Inc303,914$27.1M0.08%+303,914New
Voloridge Investment Management, LLC286,760$25.6M0.09%+17,306+6.4%Added
Geneva Capital Management LLC281,354$25.1M0.47%−198,633−41.4%Reduced
Bank of New York Mellon Corp274,413$24.5M0.00%−14,952−5.2%Reduced
Public Sector Pension Investment Board273,605$24.4M0.08%+125,702+85.0%Added
Nuveen, LLC268,151$23.9M0.01%+9,896+3.8%Added
Citadel Advisors LLC263,042$23.4M0.02%+263,042New
Barclays PLC259,426$23.1M0.01%+88,162+51.5%Added
Ameriprise Financial Inc256,727$22.9M0.01%−41,815−14.0%Reduced
Federated Hermes, Inc.245,046$21.8M0.04%+244,410+38,429.2%Added
BNP Paribas Arbitrage, SA244,529$21.8M0.01%+82,686+51.1%Added
FIL Ltd235,669$21.0M0.02%+121,140+105.8%Added
Principal Financial Group Inc226,729$20.2M0.01%+12,743+6.0%Added
Fort Washington Investment Advisors Inc226,016$20.1M0.11%−10,870−4.6%Reduced
Price T Rowe Associates Inc213,564$19.0M0.00%−3,425−1.6%Reduced
Royal Bank of Canada209,657$18.7M0.00%−62,815−23.1%Reduced
Silvercrest Asset Management Group LLC208,833$18.6M0.13%−11,909−5.4%Reduced
Lazard Asset Management LLC208,699$18.6M0.03%−50,559−19.5%Reduced
DF Dent & Co Inc202,771$18.1M0.26%−34,693−14.6%Reduced
Local Pensions Partnership Investment Ltd185,500$16.5M0.29%00.0%Unchanged
Congress Asset Management Co168,863$15.1M0.11%+9,062+5.7%Added
Fenimore Asset Management Inc164,884$14.7M0.31%+18,996+13.0%Added
Janus Henderson Group PLC156,453$13.9M0.01%+55,342+54.7%Added
Invesco Ltd.133,027$11.9M0.00%+22,704+20.6%Added
Glenmede Trust Co NA128,676$11.5M0.05%+128,676New
Summit Creek Advisors LLC128,100$11.4M1.80%−6,735−5.0%Reduced
Legal & General Group Plc114,488$10.2M0.00%−7,681−6.3%Reduced
Healthcare of Ontario Pension Plan Trust Fund113,143$10.1M0.02%+95,323+534.9%Added
Mirae Asset Global ETFs Holdings Ltd.109,076$9.72M0.01%+10,649+10.8%Added
Allspring Global Investments Holdings, LLC105,950$9.31M0.02%+12,506+13.4%Added
Rhumbline Advisers103,663$9.24M0.01%−4,203−3.9%Reduced
Brown Capital Management LLC101,560$9.05M0.74%−115,954−53.3%Reduced
UBS Asset Management Americas Inc100,795$8.98M0.00%+2,361+2.4%Added
Fred Alger Management, LLC100,037$8.92M0.03%−75,020−42.9%Reduced
Bessemer Group Inc98,208$8.75M0.01%+90,346+1,149.1%Added
Canada Pension Plan Investment Board88,960$7.93M0.01%−26,340−22.8%Reduced
Comerica Bank86,035$7.67M0.03%−35,868−29.4%Reduced
Verition Fund Management LLC84,970$7.57M0.04%+52,951+165.4%Added
SEI Investments Co84,941$7.57M0.01%−23,012−21.3%Reduced
Lightrock Netherlands B.V.82,898$7.39M1.56%+82,898New
Voleon Capital Management LP82,824$7.38M0.16%+70,398+566.5%Added
Alliancebernstein L.P.78,866$7.03M0.00%−2,240−2.8%Reduced
LPL Financial LLC77,720$6.93M0.00%−5,734−6.9%Reduced
Deutsche Bank AG75,221$6.70M0.00%−59,679−44.2%Reduced
Swiss National Bank74,800$6.67M0.00%+1,200+1.6%Added
Envestnet Asset Management Inc71,007$6.33M0.00%−97,889−58.0%Reduced
Edgestream Partners, L.P.70,454$6.28M0.18%+7,889+12.6%Added
Herald Investment Management Ltd70,000$6.24M0.82%+15,000+27.3%Added
California Public Employees Retirement System67,723$6.04M0.00%+2,756+4.2%Added
Select Equity Group, L.P.66,972$5.97M0.03%+847+1.3%Added
Bridgewater Associates, LP65,572$5.84M0.02%+36,413+124.9%Added
Nicholas Company, Inc.64,418$5.74M0.10%+5,505+9.3%Added
Montrusco Bolton Investments Inc.63,300$5.64M0.07%+13,925+28.2%Added
Great West Life Assurance Co62,131$5.54M0.01%−8,575−12.1%Reduced
Russell Investments Group, Ltd.61,023$5.44M0.01%+2,035+3.4%Added
Renaissance Group LLC59,941$5.34M0.21%−16,172−21.2%Reduced
AQR Capital Management LLC56,868$5.07M0.00%+34,274+151.7%Added
Prudential Financial Inc55,219$4.92M0.01%−2,442−4.2%Reduced
Grandeur Peak Global Advisors, LLC50,675$4.52M0.61%−49,703−49.5%Reduced
Sovereign's Capital Management, LLC50,327$4.49M2.72%+34,551+219.0%Added
Palisades Investment Partners, LLC50,192$4.47M1.69%+1,055+2.1%Added
Wells Fargo & Company45,791$4.08M0.00%−57,433−55.6%Reduced
Marshall Wace, LLP45,078$4.02M0.00%+24,873+123.1%Added
Advisor Group Holdings, Inc.45,052$4.02M0.01%−7,861−14.9%Reduced
Jane Street Group, LLC43,013$3.83M0.00%−56,363−56.7%Reduced
Holocene Advisors, LP42,809$3.82M0.01%−7,128−14.3%Reduced
Lombard Odier Asset Management (Europe) Ltd40,493$3.61M0.18%−25,335−38.5%Reduced
Raymond James Financial Inc40,442$3.60M0.00%−35,021−46.4%Reduced
EVR Research LP40,000$3.57M1.92%+40,000New
SG Americas Securities, LLC39,753$3.54M0.00%+26,730+205.3%Added
New York State Common Retirement Fund39,417$3.51M0.00%00.0%Unchanged
Agf Management Ltd38,346$3.42M0.01%+38,346New
Assenagon Asset Management S.A.36,987$3.30M0.00%−11,162−23.2%Reduced
California State Teachers Retirement System36,141$3.22M0.00%−180.0%Reduced
Buckhead Capital Management LLC33,793$3.01M1.08%−2,152−6.0%Reduced