SPS Commerce, Inc.
US ˙ NasdaqGS ˙ US78463M1071

SecuritySPSC / SPS Commerce, Inc.
InstitutionHsbc Holdings Plc
Latest Disclosed Ownership22,920 shares
Latest Disclosed Value $ 1,295,850
Hsbc Holdings Plc reports 85.98% increase in ownership of SPSC / SPS Commerce, Inc.

On April 30, 2026 - Hsbc Holdings Plc filed a 13F-HR form disclosing ownership of 22,920 shares of SPS Commerce, Inc. (US:SPSC) valued at $1,275,956 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on March 20, 2026 disclosing 12,324 shares of SPS Commerce, Inc.. This represents a change in shares of 85.98% during the quarter. The current value of the position is $1,271,372 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)
2026-04-30 2026-03-31 13F SPS COMM COM 78463M107 22,920 10,596 85.98 1,296 18.05 0.0001
2026-03-20 2025-12-31 13F/A-1 SPS COMM COM 78463M107 12,324 12,324 1,097 0.0001
2026-03-06 2025-12-31 13F SPS COMM COM 78463M107 12,324 12,324 1,097 0.0001
2025-11-13 2025-09-30 13F SPS COMM COM 78463M107 0 -25,480 -100.00 0 -100.00
2025-08-13 2025-06-30 13F SPS COMM COM 78463M107 25,480 19,892 355.98 3,442 367.53 0.0021
2025-05-14 2025-03-31 13F SPS COMM COM 78463M107 5,588 -141 -2.46 737 -30.43 0.0005
2025-02-14 2024-12-31 13F SPS COMM COM 78463M107 5,729 288 5.29 1,058 -0.09 0.0006
2024-11-14 2024-09-30 13F SPS COMM COM 78463M107 5,441 -28,043 -83.75 1,059 -83.18 0.0006
2024-08-12 2024-06-30 13F SPS COMM COM 78463M107 33,484 27,376 448.20 6,295 458.07 0.0038
2024-05-15 2024-03-31 13F SPS COMM COM 78463M107 6,108 4,929 418.07 1,129 394.74 0.0008
2024-02-12 2023-12-31 13F SPS COMM COM 78463M107 1,179 -1,417 -54.58 229 -48.42 0.0002
2023-11-13 2023-09-30 13F SPS COMM COM 78463M107 2,596 -5,852 -69.27 443 -72.67 0.0005
2023-08-11 2023-06-30 13F SPS COMM COM 78463M107 8,448 4,707 125.82 1,618 184.68 0.0016
2023-05-15 2023-03-31 13F SPS COMM COM 78463M107 3,741 -6,928 -64.94 568 -58.33 0.0007
2023-02-14 2022-12-31 13F SPS COMM COM 78463M107 10,669 6,200 138.73 1,363 140.81 0.0016
2022-11-14 2022-09-30 13F SPS COMM COM 78463M107 4,469 -900 -16.76 566 -7.06 0.0009
2022-08-11 2022-06-30 13F SPS COMM COM 78463M107 5,369 -2,301 -30.00 609 -40.06 0.0009
2022-05-16 2022-03-31 13F SPS COMM COM 78463M107 7,670 -407 -5.04 1,016 -11.50 0.0012
2022-02-11 2021-12-31 13F SPS COMM COM 78463M107 8,077 1,200 17.45 1,148 2.41 0.0011
2021-11-12 2021-09-30 13F SPS COMM COM 78463M107 6,877 3,410 98.36 1,121 222.13 0.0011
2021-08-13 2021-06-30 13F SPS COMM COM 78463M107 3,467 -4,059 -53.93 348 -53.66 0.0004
2021-05-14 2021-03-31 13F SPS COMM COM 78463M107 7,526 -353 -4.48 751 -11.75 0.0009
2021-02-25 2020-12-31 13F/A-1 SPS COMMERCE COM 78463M107 7,879 2,268 40.42 851 92.97 0.0011
2021-02-12 2020-12-31 13F SPS COMMERCE COM 78463M107 7,879 2,268 851 202.0587
2020-11-12 2020-09-30 13F SPS COMMERCE COM 78463M107 5,611 -4,912 -46.68 441 -44.18 0.0007
2020-08-14 2020-06-30 13F SPS COMMERCE COM 78463M107 10,523 -18,483 -63.72 790 -40.24 0.0015
2020-05-15 2020-03-31 13F SPS COMMERCE COM 78463M107 29,006 -7,196 -19.88 1,322 -33.97 0.0031
2020-02-14 2019-12-31 13F SPS COMMERCE COM 78463M107 36,202 -973 -2.62 2,002 14.40 0.0035
2019-11-14 2019-09-30 13F SPS COMMERCE COM 78463M107 37,175 28,240 316.06 1,750 91.68 0.0033
2019-08-13 2019-06-30 13F SPS COMMERCE COM 78463M107 8,935 -16,719 -65.17 913 -66.45 0.0017
2019-05-15 2019-03-31 13F SPS COMMERCE COM 78463M107 25,654 -25,614 -49.96 2,721 -35.57 0.0050
2019-02-13 2018-12-31 13F SPS COMM COM 78463M107 51,268 32,235 169.36 4,223 123.79 0.0078
2018-11-13 2018-09-30 13F SPS COMM COM 78463M107 19,033 13,206 226.63 1,887 341.92 0.0030
2018-08-10 2018-06-30 13F SPS COMM COM 78463M107 5,827 1,307 28.92 427 46.74 0.0008
2018-05-11 2018-03-31 13F SPS COMM COM 78463M107 4,520 -45,790 -91.02 291 -88.10 0.0004
2018-02-14 2017-12-31 13F SPS COMM COM 78463M107 50,310 50,310 2,445 0.0035
2017-05-15 2017-03-31 13F SPS COMM COM 78463M107 0 -3,480 -100.00 0 -100.00
2017-02-09 2016-12-31 13F SPS COMM COM 78463M107 3,480 3,480 243 0.0006
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.