SPS Commerce, Inc.
US ˙ NasdaqGS ˙ US78463M1071

SecuritySPSC / SPS Commerce, Inc.
InstitutionMacquarie Group Ltd
Latest Disclosed Ownership0 shares
Latest Disclosed Value $ 0
Macquarie Group Ltd closes position in SPSC / SPS Commerce, Inc.

On February 13, 2026 - Macquarie Group Ltd filed a 13F-HR form disclosing ownership of 0 shares of SPS Commerce, Inc. (US:SPSC) valued at $0 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 13, 2025 disclosing 600,975 shares of SPS Commerce, Inc.. The current value of the position is $0 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)
2026-02-13 2025-12-31 13F SPS COMM COM 78463M107 0 -100.00 0
2025-11-13 2025-09-30 13F SPS COMM COM 78463M107 600,975 -37,640 -5.89 62,586 -27.99 0.0731
2025-08-14 2025-06-30 13F SPS COMM COM 78463M107 638,615 15,601 2.50 86,909 5.10 0.1066
2025-08-14 2025-03-31 13F/A-1 SPS COMM COM 78463M107 623,014 32,935 5.58 82,693 -23.83 0.1027
2025-05-15 2025-03-31 13F SPS COMM COM 78463M107 623,014 32,935 82,693 0.0676
2025-02-14 2024-12-31 13F SPS COMM COM 78463M107 590,079 48,785 9.01 108,569 3.30 0.1317
2024-11-14 2024-09-30 13F SPS COMM COM 78463M107 541,294 -3,224 -0.59 105,103 2.58 0.1135
2024-08-09 2024-06-30 13F SPS COMM COM 78463M107 544,518 4,917 0.91 102,457 2.69 0.1175
2024-05-14 2024-03-31 13F SPS COMM COM 78463M107 539,601 34,019 6.73 99,772 1.81 0.1132
2024-02-14 2023-12-31 13F SPS COMM COM 78463M107 505,582 -1,084 -0.21 98,002 13.37 0.1132
2023-11-14 2023-09-30 13F SPS COMM COM 78463M107 506,666 116,340 29.81 86,442 15.31 0.1086
2023-10-27 2023-06-30 13F/A-2 SPS COMM COM 78463M107 390,326 85,336 27.98 74,966 61.39 0.0857
2023-10-12 2023-06-30 13F/A-1 SPS COMM COM 78463M107 390,326 85,336 74,966 0.0754
2023-08-14 2023-06-30 13F SPS COMM COM 78463M107 390,326 85,336 74,966 0.0760
2023-06-01 2023-03-31 13F/A-1 SPS COMM COM 78463M107 304,990 17,818 6.20 46,450 25.94 0.0552
2023-05-15 2023-03-31 13F SPS COMM COM 78463M107 304,990 17,818 46,450 0.0426
2023-02-21 2022-12-31 13F SPS COMM COM 78463M107 287,172 6,956 2.48 36,882 5.75 0.0436
2022-11-14 2022-09-30 13F SPS COMM COM 78463M107 280,216 159,324 131.79 34,878 155.20 0.0428
2022-08-17 2022-06-30 13F/A-1 SPS COMM COM 78463M107 120,892 119,649 9,625.82 13,667 8,284.66 0.0153
2022-08-15 2022-06-30 13F SPS COMM COM 78463M107 120,892 119,649 13,667 0.0049
2022-05-16 2022-03-31 13F SPS COMM COM 78463M107 1,243 0 0.00 163 -7.91 0.0001
2022-02-11 2021-12-31 13F SPS COMM COM 78463M107 1,243 -248 -16.63 177 -26.56 0.0001
2021-11-12 2021-09-30 13F SPS COMM COM 78463M107 1,491 0 0.00 241 61.74 0.0002
2021-08-13 2021-06-30 13F SPS COMM COM 78463M107 1,491 -44 -2.87 149 -1.97 0.0001
2021-05-14 2021-03-31 13F SPS COMM COM 78463M107 1,535 -395 -20.47 152 -27.62 0.0002
2021-02-16 2020-12-31 13F SPS COMMERCE COM 78463M107 1,930 0 0.00 210 40.00 0.0003
2020-11-13 2020-09-30 13F SPS COMMERCE COM 78463M107 1,930 0 0.00 150 3.45 0.0003
2020-08-11 2020-06-30 13F SPS COMMERCE COM 78463M107 1,930 -2,336 -54.76 145 -26.77 0.0002
2020-05-15 2020-03-31 13F SPS COMMERCE COM 78463M107 4,266 0 0.00 198 -16.46 0.0004
2020-03-18 2019-12-31 13F/A-2 SPS COMMERCE COM 78463M107 4,266 2,756 182.52 237 233.80 0.0003
2020-02-28 2019-12-31 13F/A-1 SPS COMMERCE COM 78463M107 4,266 0 237 0.0003
2020-02-14 2019-12-31 13F SPS COMMERCE COM 78463M107 4,266 2,756 237 297.4149
2019-11-14 2019-09-30 13F SPS COMMERCE COM 78463M107 1,510 755 100.00 71 -7.79 0.0001
2019-11-06 2019-06-30 13F/A-2 SPS COMMERCE COM 78463M107 755 -241 -24.20 77 -27.36 0.0001
2019-09-24 2019-06-30 13F/A-1 SPS COMMERCE COM 78463M107 755 0 77 0.0001
2019-08-14 2019-06-30 13F SPS COMMERCE COM 78463M107 755 -241 77
2019-05-15 2019-03-31 13F SPS COMMERCE COM 78463M107 996 297 42.49 106 82.76 0.0002
2019-02-15 2018-12-31 13F SPS COMM COM 78463M107 699 -100 -12.52 58 -26.58 0.0001
2018-11-15 2018-09-30 13F SPS COMM COM 78463M107 799 -1,765 -68.84 79 -57.98 0.0001
2019-03-21 2018-06-30 13F/A-1 SPS COMM COM 78463M107 2,564 1,772 223.74 188 268.63 0.0003
2018-08-14 2018-06-30 13F SPS COMM COM 78463M107 2,564 1,772 188
2018-05-11 2018-03-31 13F SPS COMM COM 78463M107 792 792 51 0.0001
2016-08-15 2016-06-30 13F SPS COMMERCE COMMON 78463M107 0 -50,867 -100.00 0 -100.00
2016-05-16 2016-03-31 13F SPS COMMERCE COMMON 78463M107 50,867 -21,426 -29.64 2,184 -56.97 0.0044
2016-02-16 2015-12-31 13F SPS COMMERCE COMMON 78463M107 72,293 11,062 18.07 5,076 22.11 0.0104
2015-11-16 2015-09-30 13F SPS COMMERCE COMMON 78463M107 61,231 12,776 26.37 4,157 30.40 0.0089
2015-08-21 2015-06-30 13F/A-1 SPS COMMERCE COMMON 78463M107 48,455 0 0.00 3,188 -1.94 0.0063
2015-08-14 2015-06-30 13F SPS COMMERCE COMMON 78463M107 48,455 3,188
2015-05-18 2015-03-31 13F SPS COMMERCE COMMON 78463M107 48,455 -1,545 -3.09 3,251 14.80 0.0064
2015-02-17 2014-12-31 13F SPS COMMERCE COMMON 78463M107 50,000 0 0.00 2,832 6.55 0.0058
2014-11-14 2014-09-30 13F SPS COMMERCE COMMON 78463M107 50,000 0 0.00 2,658 -15.89 0.0057
2014-08-14 2014-06-30 13F SPS COMMERCE COMMON 78463M107 50,000 12,000 31.58 3,160 35.33 0.0070
2014-05-15 2014-03-31 13F SPS COMMERCE Common 78463M107 38,000 0 0.00 2,335 -5.88 0.0040
2014-02-14 2013-12-31 13F SPS COMMERCE Common Stock 78463M107 38,000 0 0.00 2,481 -2.44 0.0044
2013-11-14 2013-09-30 13F SPS COMMERCE Common Stock 78463M107 38,000 -21,000 -35.59 2,543 -21.63 0.0050
2013-08-16 2013-06-30 13F/A-1 SPS COMMERCE COMMON 78463M107 59,000 59,000 3,245 0.0071
2013-08-14 2013-06-30 13F SPS COMMERCE COMMON 78463M107 59,000 3,245 0.0071
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.