Who Owns SPS Commerce, Inc. (SPSC)?Hedge Fund & Institutional Holders

$60.23-0.48 (-0.79%)TechnologyNASDAQ

Institutional Holders

50

as of Q4 2025

Total Institutional Value

$InfinityT

% of Float Held

3.8190699714052e+288%

QoQ Change in Holders

+11 / -5

Price History

$54.14$90.31$126.48$162.64$198.81Sep 24Jun 25Mar 26

SPSC — Biggest New Institutional Buyers This Quarter

FundActionShares AddedValue Added
NORDEA INVESTMENT MANAGEMENT ABNew Position+1.2M+$108.8B
BANK OF AMERICA CORP /DE/Increased+568K+$84.0B
UBS Group AGIncreased+836K+$67.7B
Conestoga Capital Advisors, LLCNew Position+643K+$57.3B
FMR LLCIncreased+23K+$55.9B
Irenic Capital Management LPNew Position+452K+$40.3B
NOMURA HOLDINGS INCNew Position+304K+$27.0B
CITADEL ADVISORS LLCNew Position+263K+$23.0B
FEDERATED HERMES, INC.New Position+245K+$21.0B
PRINCIPAL FINANCIAL GROUP INCNew Position+227K+$20.2B
FORT WASHINGTON INVESTMENT ADVISORS INC /OH/New Position+226K+$20.1B
GOLDMAN SACHS GROUP INCIncreased+270K+$17.3B
FENIMORE ASSET MANAGEMENT INCNew Position+165K+$14.7B
GLENMEDE TRUST CO NANew Position+129K+$10.0B
BROWN CAPITAL MANAGEMENT LLCNew Position+102K+$9.1B

SPSC — Institutions Reducing or Closing Positions

FundActionShares SoldValue Sold
Local Pensions Partnership Investment LtdDecreased-497K-$76.8B
MACQUARIE GROUP LTDClosed Position-601K-$62.6B
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLCClosed Position-556K-$57.9B
Granahan Investment Management, LLCDecreased-369K-$38.8B
Champlain Investment Partners, LLCClosed Position-353K-$36.7B
GENEVA CAPITAL MANAGEMENT LLCDecreased-199K-$24.9B
RGM Capital, LLCClosed Position-219K-$22.8B
Capital World InvestorsClosed Position-214K-$22.3B
FRANKLIN RESOURCES INCDecreased-155K-$17.2B
NORTHERN TRUST CORPDecreased-53K-$15.6B
Lombard Odier Asset Management (Europe) LtdDecreased-5.0M-$15.4B
DIMENSIONAL FUND ADVISORS LPDecreased-53K-$14.3B
Walleye Capital LLCDecreased-104K-$13.4B
ROYAL BANK OF CANADADecreased-63K-$12.4B
Qube Research & Technologies LtdDecreased-87K-$11.4B

Top Institutional Holders(Q4 2025)

#FundSharesValue% of PortfolioType
1Neuberger Berman Group LLC1,409,334$125.0B0.09%Share
2UBS Group AG1,293,513$115.3B0.02%Share
3NORDEA INVESTMENT MANAGEMENT AB904,846$80.9B0.07%Share
4DISCIPLINED GROWTH INVESTORS INC /MN844,613$75.3B1.44%Share
5Conestoga Capital Advisors, LLC642,804$57.3B0.96%Share
6BANK OF AMERICA CORP /DE/637,229$56.0B0.00%Share
7GOLDMAN SACHS GROUP INC591,857$52.0B0.01%Share
8FMR LLC513,163$45.0B0.00%Share
9CHARLES SCHWAB INVESTMENT MANAGEMENT INC488,821$43.0B0.01%Share
10RIVERBRIDGE PARTNERS LLC480,824$42.9B0.80%Share
11Irenic Capital Management LP452,066$40.3B2.71%Share
12D. E. Shaw & Co., Inc.452,519$40.0B0.02%Share
13DIMENSIONAL FUND ADVISORS LP397,412$35.0B0.01%Share
14JPMORGAN CHASE & CO347,819$31.0B0.00%Share
15NORTHERN TRUST CORP336,227$29.0B0.00%Share
16AMERICAN CAPITAL MANAGEMENT INC306,786$27.3B1.21%Share
17NOMURA HOLDINGS INC303,914$27.0B0.04%Share
18PUBLIC SECTOR PENSION INVESTMENT BOARD273,605$24.0B0.08%Share
19BARCLAYS PLC259,398$23.0B0.01%Share
20AMERIPRISE FINANCIAL INC255,328$22.0B0.00%Share
21FEDERATED HERMES, INC.238,066$21.0B0.04%Share
22Nuveen, LLC237,270$21.0B0.01%Share
23FORT WASHINGTON INVESTMENT ADVISORS INC /OH/226,016$20.1B0.11%Share
24PRINCIPAL FINANCIAL GROUP INC224,477$20.0B0.01%Share
25NORDEA INVESTMENT MANAGEMENT AB212,767$19.0B0.02%Share
26BANK OF AMERICA CORP /DE/213,335$19.0B0.00%Share
27SILVERCREST ASSET MANAGEMENT GROUP LLC208,833$18.0B0.12%Share
28LAZARD ASSET MANAGEMENT LLC208,699$18.0B0.03%Share
29FIL Ltd205,669$18.0B0.01%Share
30DF DENT & CO INC202,771$18.0B0.26%Share
31GENEVA CAPITAL MANAGEMENT LLC188,307$16.8B0.32%Share
32Local Pensions Partnership Investment Ltd185,500$16.5B0.29%Share
33CONGRESS ASSET MANAGEMENT CO168,863$15.1B0.11%Share
34CITADEL ADVISORS LLC173,070$15.0B0.00%Share
35FENIMORE ASSET MANAGEMENT INC164,884$14.7B0.31%Share
36JANUS HENDERSON GROUP PLC156,453$13.0B0.01%Share
37ROYAL BANK OF CANADA144,381$12.0B0.00%Share
38GLENMEDE TRUST CO NA118,475$10.0B0.05%Share
39HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND113,143$10.0B0.02%Share
40BROWN CAPITAL MANAGEMENT LLC101,560$9.1B0.74%Share
41MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.109,076$9.0B0.01%Share
42RHUMBLINE ADVISERS103,663$9.0B0.01%Share
43Invesco Ltd.100,849$9.0B0.00%Share
44GENEVA CAPITAL MANAGEMENT LLC93,047$8.3B0.16%Share
45SUSQUEHANNA INTERNATIONAL GROUP, LLP99,600$8.0B0.00%Call
46CITADEL ADVISORS LLC89,972$8.0B0.00%Share
47COMERICA BANK85,711$7.6B0.03%Share
48Lightrock Netherlands B.V.82,898$7.4B1.53%Share
49BANK OF AMERICA CORP /DE/82,927$7.0B0.00%Share
50SEI INVESTMENTS CO80,737$7.0B0.01%Share

SPSC Institutional Ownership History

QuarterHoldersTotal ValueChange
Q4 2025366$1.6T+85
Q3 2025281$1.8T-101
Q2 2025382$2.3T-59
Q1 2025441$3.6T+28
Q4 2024413$13.0T+44
Q3 2024369$219.5T+11
Q2 2024358$281.8T+23
Q1 2024335$719.9T—

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As of Q4 2025, 50 institutional investors hold SPSC (SPS Commerce, Inc.). The largest holder is Neuberger Berman Group LLC with $125.0B in shares. This quarter, 11 institutions opened new positions and 5 closed their positions.

Frequently Asked Questions

How many hedge funds own SPSC?

As of Q4 2025, 50 institutional investors report holding SPSC (SPS Commerce, Inc.) in their 13F filings.

Who is the largest institutional holder of SPSC?

The largest institutional holder of SPSC is Neuberger Berman Group LLC with $125.0B in shares.

Is institutional ownership of SPSC increasing or decreasing?

This quarter, 11 institutions opened new positions in SPSC and 5 closed their positions.