SPS Commerce, Inc.
US ˙ NasdaqGS ˙ US78463M1071

SecuritySPSC / SPS Commerce, Inc.
InstitutionFred Alger Management, Llc
Latest Disclosed Ownership55,834 shares
Latest Disclosed Value $ 3,108,279
Fred Alger Management, Llc reports 44.19% decrease in ownership of SPSC / SPS Commerce, Inc.

On May 15, 2026 - Fred Alger Management, Llc filed a 13F-HR form disclosing ownership of 55,834 shares of SPS Commerce, Inc. (US:SPSC) valued at $3,108,279 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 100,037 shares of SPS Commerce, Inc.. This represents a change in shares of -44.19% during the quarter. The current value of the position is $3,132,287 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F SPS Commerce Equity 78463M107 55,834 -44,203 -44.19 3,108 -65.14 0.0087
2026-02-17 2025-12-31 13F SPS Commerce Equity 78463M107 100,037 -75,020 -42.85 8,916 -51.09 0.0350
2025-11-14 2025-09-30 13F SPS Commerce Equity 78463M107 175,057 -312,119 -64.07 18,230 -72.42 0.0710
2025-08-14 2025-06-30 13F SPS Commerce Equity 78463M107 487,176 91,286 23.06 66,093 25.78 0.2958
2025-05-16 2025-03-31 13F SPS Commerce Equity 78463M107 395,890 -85,427 -17.75 52,546 -40.66 0.2993
2025-02-14 2024-12-31 13F SPS Commerce Equity 78463M107 481,317 25,414 5.57 88,558 0.04 0.4220
2024-11-14 2024-09-30 13F SPS COMMERCE Common 78463M107 455,903 -27,496 -5.69 88,523 -2.68 0.4291
2024-08-14 2024-06-30 13F SPS COMMERCE Common 78463M107 483,399 -92,006 -15.99 90,956 -14.51 0.4422
2024-05-15 2024-03-31 13F SPS COMMERCE Common 78463M107 575,405 -48,853 -7.83 106,392 -12.08 0.5276
2024-02-14 2023-12-31 13F SPS COMMERCE Common 78463M107 624,258 -23,000 -3.55 121,006 9.58 0.6529
2023-11-14 2023-09-30 13F SPS COMMERCE Common 78463M107 647,258 -106,510 -14.13 110,429 -23.72 0.5854
2023-11-14 2023-09-30 13F SPS COMMERCE Common 78463M107 647,258 110,429
2023-08-14 2023-06-30 13F SPS COMMERCE Common 78463M107 753,768 -151,147 -16.70 144,769 5.04 0.7395
2023-05-16 2023-03-31 13F/A-1 SPS COMMERCE Common 78463M107 904,915 -74,484 -7.61 137,819 9.57 0.7371
2023-05-15 2023-03-31 13F SPS COMMERCE Common 78463M107 904,915 -74,484 137,819 0.6834
2023-02-14 2022-12-31 13F SPS COMMERCE Common 78463M107 979,399 -104,169 -9.61 125,784 -6.56 0.6818
2022-11-15 2022-09-30 13F SPS COMMERCE Common 78463M107 1,083,568 -80,253 -6.90 134,612 2.31 0.6821
2022-08-15 2022-06-30 13F SPS COMMERCE Common 78463M107 1,163,821 -123,685 -9.61 131,570 -22.11 0.6144
2022-05-16 2022-03-31 13F SPS COMMERCE Common 78463M107 1,287,506 -6,350 -0.49 168,921 -8.29 0.5397
2022-02-14 2021-12-31 13F SPS COMMERCE Common 78463M107 1,293,856 238,932 22.65 184,181 8.23 0.4614
2021-11-15 2021-09-30 13F SPS COMMERCE Common 78463M107 1,054,924 651,302 161.36 170,170 322.24 0.4057
2021-08-16 2021-06-30 13F SPS COMMERCE Common 78463M107 403,622 -65,131 -13.89 40,302 -13.43 0.0951
2021-05-17 2021-03-31 13F SPS COMMERCE Common 78463M107 468,753 49,343 11.76 46,552 2.21 0.1218
2021-02-16 2020-12-31 13F SPS COMMERCE Common 78463M107 419,410 -14,773 -3.40 45,544 34.71 0.1185
2020-11-13 2020-09-30 13F SPS COMMERCE Common 78463M107 434,183 -122,814 -22.05 33,810 -19.20 0.0982
2020-08-14 2020-06-30 13F SPS COMMERCE Common 78463M107 556,997 -405,624 -42.14 41,842 -6.54 0.1379
2020-05-19 2020-03-31 13F/A-1 SPS COMMERCE Common 78463M107 962,621 286,473 42.37 44,772 19.48 0.1967
2020-05-15 2020-03-31 13F SPS COMMERCE Common 78463M107 962,621 286,473 44,772 196,985.8421
2020-02-14 2019-12-31 13F SPS COMMERCE Common 78463M107 676,148 -7,054 -1.03 37,472 16.52 0.1379
2019-11-14 2019-09-30 13F SPS COMMERCE Common 78463M107 683,202 329,046 92.91 32,158 -11.16 0.1262
2019-08-14 2019-06-30 13F SPS COMMERCE Common 78463M107 354,156 50,522 16.64 36,198 12.41 0.1390
2019-05-14 2019-03-31 13F SPS COMMERCE Common 78463M107 303,634 8,632 2.93 32,203 32.51 0.1283
2019-02-14 2018-12-31 13F SPS COMMERCE Common 78463M107 295,002 -51,928 -14.97 24,302 -29.41 0.1119
2018-11-14 2018-09-30 13F SPS COMMERCE Common 78463M107 346,930 -2,901 -0.83 34,429 33.93 0.1293
2018-07-19 2018-06-30 13F SPS COMMERCE Common 78463M107 349,831 135,261 63.04 25,706 86.99 0.1079
2018-05-10 2018-03-31 13F SPS COMMERCE Common 78463M107 214,570 6,784 3.26 13,747 36.16 0.0639
2018-02-14 2017-12-31 13F SPS COMMERCE Common 78463M107 207,786 -2,042 -0.97 10,096 -15.15 0.0456
2017-11-14 2017-09-30 13F SPS COMMERCE Common 78463M107 209,828 -827 -0.39 11,899 -11.41 0.0557
2017-08-14 2017-06-30 13F SPS COMMERCE Common 78463M107 210,655 -43,256 -17.04 13,431 -9.56 0.0641
2017-05-15 2017-03-31 13F SPS COMMERCE Common 78463M107 253,911 186,716 277.87 14,851 216.25 0.0739
2017-02-14 2016-12-31 13F SPS COMMERCE Common 78463M107 67,195 -36,115 -34.96 4,696 -38.08 0.0256
2016-11-14 2016-09-30 13F SPS COMMERCE Common 78463M107 103,310 -22,624 -17.96 7,584 -0.63 0.0389
2016-08-15 2016-06-30 13F SPS COMMERCE Common 78463M107 125,934 -34,471 -21.49 7,632 10.80 0.0403
2016-05-16 2016-03-31 13F SPS COMMERCE Common 78463M107 160,405 -30,764 -16.09 6,888 -48.68 0.0349
2016-02-16 2015-12-31 13F SPS COMMERCE Common 78463M107 191,169 -71,059 -27.10 13,422 -24.61 0.0653
2015-11-16 2015-09-30 13F SPS COMMERCE Common 78463M107 262,228 4,872 1.89 17,803 5.13 0.0972
2015-08-14 2015-06-30 13F SPS COMMERCE Common 78463M107 257,356 -31,612 -10.94 16,934 -12.67 0.0762
2015-05-15 2015-03-31 13F SPS COMMERCE Common 78463M107 288,968 122,603 73.70 19,390 105.82 0.0873
2015-02-17 2014-12-31 13F SPS COMMERCE Common 78463M107 166,365 -3,788 -2.23 9,421 4.17 0.0453
2014-11-14 2014-09-30 13F SPS COMMERCE Common 78463M107 170,153 -10,365 -5.74 9,044 -20.72 0.0440
2014-08-14 2014-06-30 13F SPS COMMERCE Common 78463M107 180,518 -115,527 -39.02 11,407 -37.30 0.0562
2014-05-15 2014-03-31 13F SPS COMMERCE Common 78463M107 296,045 78,484 36.07 18,192 28.05 0.0902
2014-02-14 2013-12-31 13F SPS COMMERCE Common 78463M107 217,561 214,941 8,203.85 14,207 8,018.29 0.0724
2013-11-14 2013-09-30 13F SPS COMMERCE Common 78463M107 2,620 -490 -15.76 175 2.34 0.0010
2013-08-14 2013-06-30 13F SPS COMMERCE Common 78463M107 3,110 3,110 171 0.0010
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.