SPS Commerce, Inc.
US ˙ NasdaqGS ˙ US78463M1071

SecuritySPSC / SPS Commerce, Inc.
InstitutionGeode Capital Management, Llc
Latest Disclosed Ownership997,959 shares
Latest Disclosed Value $ 55,566,580
Geode Capital Management, Llc reports 2.73% increase in ownership of SPSC / SPS Commerce, Inc.

On May 15, 2026 - Geode Capital Management, Llc filed a 13F-HR form disclosing ownership of 997,959 shares of SPS Commerce, Inc. (US:SPSC) valued at $55,556,378 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 9, 2026 disclosing 971,395 shares of SPS Commerce, Inc.. This represents a change in shares of 2.73% during the quarter. The current value of the position is $55,356,786 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 COM 78463M107 997,959 26,564 2.73 55,567 -35.83 0.0018
2026-02-09 2025-12-31 13F SPS COMMERCE COM 78463M107 971,395 1,665 0.17 86,594 -14.27 0.0053
2025-11-12 2025-09-30 13F SPS COMMERCE COM 78463M107 969,730 -6,160 -0.63 101,001 -23.96 0.0064
2025-08-08 2025-06-30 13F SPS COMMERCE COM 78463M107 975,890 12,046 1.25 132,824 3.80 0.0093
2025-05-13 2025-03-31 13F SPS COMMERCE COM 78463M107 963,844 26,549 2.83 127,958 -25.98 0.0101
2025-02-12 2024-12-31 13F SPS COMMERCE COM 78463M107 937,295 -26 -0.00 172,874 -5.16 0.0134
2024-11-12 2024-09-30 13F SPS COMMERCE COM 78463M107 937,321 14,174 1.54 182,287 4.80 0.0148
2024-08-09 2024-06-30 13F SPS COMMERCE COM 78463M107 923,147 43,904 4.99 173,933 6.88 0.0153
2024-05-13 2024-03-31 13F SPS COMMERCE COM 78463M107 879,243 34,816 4.12 162,736 -0.59 0.0150
2024-02-13 2023-12-31 13F SPS COMMERCE COM 78463M107 844,427 36,593 4.53 163,701 18.76 0.0171
2023-11-13 2023-09-30 13F SPS COMMERCE COM 78463M107 807,834 32,575 4.20 137,841 -7.43 0.0164
2023-08-11 2023-06-30 13F SPS COMMERCE COM 78463M107 775,259 40,493 5.51 148,896 33.06 0.0175
2023-05-15 2023-03-31 13F SPS COMMERCE COM 78463M107 734,766 62,850 9.35 111,905 130,020.93 0.0145
2023-02-13 2022-12-31 13F SPS COMMERCE COM 78463M107 671,916 21,658 3.33 86 -99.89 0.0121
2022-11-14 2022-09-30 13F SPS COMMERCE COM 78463M107 650,258 12,868 2.02 80,781 12.11 0.0123
2022-08-12 2022-06-30 13F SPS COMMERCE COM 78463M107 637,390 -1,816 -0.28 72,056 -14.08 0.0106
2022-05-13 2022-03-31 13F SPS COMMERCE COM 78463M107 639,206 -24,176 -3.64 83,863 -11.19 0.0105
2022-02-11 2021-12-31 13F SPS COMMERCE COM 78463M107 663,382 14,272 2.20 94,432 -9.81 0.0114
2021-11-12 2021-09-30 13F SPS COMMERCE COM 78463M107 649,110 -12,320 -1.86 104,707 58.54 0.0141
2021-08-13 2021-06-30 13F SPS COMMERCE COM 78463M107 661,430 15,200 2.35 66,043 2.91 0.0091
2021-05-12 2021-03-31 13F SPS COMMERCE COM 78463M107 646,230 45,653 7.60 64,177 -1.59 0.0098
2021-02-12 2020-12-31 13F SPS COMMERCE COM 78463M107 600,577 52,124 9.50 65,216 52.70 0.0109
2020-11-13 2020-09-30 13F SPS COMMERCE COM 78463M107 548,453 -15,666 -2.78 42,708 0.78 0.0084
2020-08-13 2020-06-30 13F SPS COMMERCE COM 78463M107 564,119 14,391 2.62 42,376 65.74 0.0091
2020-05-14 2020-03-31 13F SPS COMMERCE COM 78463M107 549,728 31,306 6.04 25,567 -11.01 0.0067
2020-02-20 2019-12-31 13F/A-1 SPS COMMERCE COM 78463M107 518,422 24,475 4.95 28,730 23.58 0.0060
2020-02-13 2019-12-31 13F SPS COMMERCE COM 78463M107 518,422 24,475 28,730 3,661.3866
2019-11-12 2019-09-30 13F SPS COMMERCE COM 78463M107 493,947 243,280 97.05 23,249 -9.25 0.0054
2019-08-14 2019-06-30 13F SPS COMMERCE COM 78463M107 250,667 32,407 14.85 25,620 10.68 0.0062
2019-05-14 2019-03-31 13F SPS COMMERCE COM 78463M107 218,260 18,459 9.24 23,147 40.63 0.0060
2019-03-06 2018-12-31 13F/A-1 SPS COMMERCE COM 78463M107 199,801 13,738 7.38 16,459 -10.86 0.0051
2019-02-13 2018-12-31 13F SPS COMMERCE COM 78463M107 199,801 13,738 16,459
2018-11-13 2018-09-30 13F SPS COMMERCE COM 78463M107 186,063 5,490 3.04 18,464 39.17 0.0052
2018-08-14 2018-06-30 13F SPS COMMERCE COM 78463M107 180,573 16,952 10.36 13,267 26.56 0.0041
2018-05-15 2018-03-31 13F SPS COMMERCE COM 78463M107 163,621 5,007 3.16 10,483 36.04 0.0034
2018-02-13 2017-12-31 13F SPS COMMERCE COM 78463M107 158,614 6,986 4.61 7,706 -10.37 0.0026
2017-11-14 2017-09-30 13F SPS COMMERCE COM 78463M107 151,628 3,634 2.46 8,598 -8.88 0.0032
2017-08-14 2017-06-30 13F SPS COMMERCE COM 78463M107 147,994 8,931 6.42 9,436 16.02 0.0037
2017-06-21 2017-03-31 13F/A-1 SPS COMMERCE COM 78463M107 139,063 6,509 4.91 8,133 -12.21 0.0033
2017-05-12 2017-03-31 13F SPS COMMERCE COM 78463M107 139,063 8,133
2017-02-14 2016-12-31 13F SPS COMMERCE COM 78463M107 132,554 7,939 6.37 9,264 1.28 0.0043
2016-11-10 2016-09-30 13F SPS COMMERCE COM 78463M107 124,615 5,786 4.87 9,147 27.02 0.0046
2016-08-12 2016-06-30 13F SPS COMMERCE COM 78463M107 118,829 2,272 1.95 7,201 43.90 0.0039
2016-05-13 2016-03-31 13F SPS COMMERCE COM 78463M107 116,557 7,082 6.47 5,004 -34.89 0.0027
2016-02-12 2015-12-31 13F SPS COMMERCE COM 78463M107 109,475 1,400 1.30 7,686 4.76 0.0044
2015-11-13 2015-09-30 13F SPS COMMERCE COM 78463M107 108,075 1,688 1.59 7,337 4.81 0.0044
2015-08-14 2015-06-30 13F SPS COMMERCE COM 78463M107 106,387 4,299 4.21 7,000 2.19 0.0040
2015-05-14 2015-03-31 13F SPS COMMERCE COM 78463M107 102,088 4,032 4.11 6,850 23.38 0.0039
2015-02-12 2014-12-31 13F SPS COMMERCE COM 78463M107 98,056 5,890 6.39 5,552 13.35 0.0033
2014-11-14 2014-09-30 13F SPS COMMERCE COM 78463M107 92,166 467 0.51 4,898 -15.46 0.0032
2014-08-13 2014-06-30 13F SPS COMMERCE COM 78463M107 91,699 5,468 6.34 5,794 9.36 0.0037
2014-05-14 2014-03-31 13F SPS COMMERCE COM 78463M107 86,231 7,148 9.04 5,298 2.59 0.0036
2014-02-14 2013-12-31 13F SPS COMMERCE COM 78463M107 79,083 12,364 18.53 5,164 15.66 0.0036
2013-11-14 2013-09-30 13F SPS COMMERCE COM 78463M107 66,719 7,099 11.91 4,465 36.17 0.0036
2013-08-14 2013-06-30 13F SPS COMMERCE COM 78463M107 59,620 59,620 3,279 0.0029
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.