SPS Commerce, Inc.
US ˙ NasdaqGS ˙ US78463M1071

SecuritySPSC / SPS Commerce, Inc.
InstitutionNorthern Trust Corp
Latest Disclosed Ownership441,720 shares
Latest Disclosed Value $ 24,590,553
Northern Trust Corp reports 2.29% decrease in ownership of SPSC / SPS Commerce, Inc.

On May 14, 2026 - Northern Trust Corp filed a 13F-HR form disclosing ownership of 441,720 shares of SPS Commerce, Inc. (US:SPSC) valued at $24,590,552 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 452,052 shares of SPS Commerce, Inc.. This represents a change in shares of -2.29% during the quarter. The current value of the position is $24,780,492 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)
2026-05-14 2026-03-31 13F SPS COMM COM 78463M107 441,720 -10,332 -2.29 24,591 -38.97 0.0007
2026-02-17 2025-12-31 13F SPS COMM COM 78463M107 452,052 -53,064 -10.51 40,291 -23.40 0.0051
2025-11-14 2025-09-30 13F SPS COMM COM 78463M107 505,116 3,394 0.68 52,603 -22.96 0.0067
2025-08-13 2025-06-30 13F SPS COMM COM 78463M107 501,722 -11,648 -2.27 68,279 0.21 0.0094
2025-05-13 2025-03-31 13F SPS COMM COM 78463M107 513,370 3,329 0.65 68,140 -27.39 0.0101
2025-02-14 2024-12-31 13F SPS COMM COM 78463M107 510,041 51,839 11.31 93,842 5.48 0.0133
2024-11-13 2024-09-30 13F SPS COMM COM 78463M107 458,202 9,240 2.06 88,969 5.32 0.0146
2024-08-14 2024-06-30 13F SPS COMM COM 78463M107 448,962 -18,744 -4.01 84,477 -2.32 0.0142
2024-05-14 2024-03-31 13F SPS COMM COM 78463M107 467,706 -10,015 -2.10 86,479 -6.61 0.0149
2024-02-13 2023-12-31 13F SPS COMM COM 78463M107 477,721 -13,341 -2.72 92,601 10.53 0.0168
2023-11-13 2023-09-30 13F SPS COMM COM 78463M107 491,062 4,764 0.98 83,780 -10.30 0.0162
2023-08-11 2023-06-30 13F SPS COMM COM 78463M107 486,298 11,244 2.37 93,398 29.09 0.0179
2023-05-15 2023-03-31 13F SPS COMM COM 78463M107 475,054 2,585 0.55 72,351 19.23 0.0143
2023-02-13 2022-12-31 13F SPS COMM COM 78463M107 472,469 12,327 2.68 60,679 6.15 0.0127
2022-11-14 2022-09-30 13F SPS COMM COM 78463M107 460,142 -9,550 -2.03 57,164 7.66 0.0131
2022-08-12 2022-06-30 13F SPS COMM COM 78463M107 469,692 -11,305 -2.35 53,099 -15.86 0.0114
2022-05-13 2022-03-31 13F SPS COMM COM 78463M107 480,997 -18,684 -3.74 63,107 -11.28 0.0111
2022-02-08 2021-12-31 13F SPS COMM COM 78463M107 499,681 -18,797 -3.63 71,131 -14.95 0.0117
2021-11-15 2021-09-30 13F SPS COMM COM 78463M107 518,478 -13,633 -2.56 83,636 57.41 0.0148
2021-08-13 2021-06-30 13F SPS COMM COM 78463M107 532,111 -7,650 -1.42 53,132 -0.88 0.0094
2021-05-12 2021-03-31 13F SPS COMM COM 78463M107 539,761 -20,105 -3.59 53,605 -11.83 0.0100
2021-02-11 2020-12-31 13F SPS COMMERCE COM 78463M107 559,866 -8,322 -1.46 60,796 37.41 0.0118
2020-11-16 2020-09-30 13F SPS COMMERCE COM 78463M107 568,188 -31,551 -5.26 44,244 -1.79 0.0097
2020-08-14 2020-06-30 13F SPS COMMERCE COM 78463M107 599,739 17,675 3.04 45,052 66.41 0.0107
2020-05-14 2020-03-31 13F SPS COMMERCE COM 78463M107 582,064 6,762 1.18 27,073 -15.09 0.0078
2020-02-14 2019-12-31 13F SPS COMMERCE COM 78463M107 575,302 -14,923 -2.53 31,883 14.77 0.0071
2019-11-13 2019-09-30 13F SPS COMMERCE COM 78463M107 590,225 304,191 106.35 27,781 -4.98 0.0067
2019-08-13 2019-06-30 13F SPS COMMERCE COM 78463M107 286,034 3,896 1.38 29,236 -2.30 0.0069
2019-05-13 2019-03-31 13F SPS COMMERCE COM 78463M107 282,138 5,903 2.14 29,924 31.49 0.0074
2019-02-12 2018-12-31 13F SPS COMM COM 78463M107 276,235 1,639 0.60 22,757 -16.49 0.0064
2018-11-14 2018-09-30 13F SPS COMM COM 78463M107 274,596 5,032 1.87 27,252 37.59 0.0067
2018-09-18 2018-06-30 13F/A-1 SPS COMM COM 78463M107 269,564 2,378 0.89 19,807 15.71 0.0050
2018-08-14 2018-06-30 13F SPS COMM COM 78463M107 270,650 3,464 19,887
2018-05-09 2018-03-31 13F SPS COMM COM 78463M107 267,186 530 0.20 17,118 32.12 0.0045
2018-02-14 2017-12-31 13F SPS COMM COM 78463M107 266,656 -5,438 -2.00 12,956 -16.04 0.0033
2017-11-13 2017-09-30 13F SPS COMM COM 78463M107 272,094 -2,660 -0.97 15,431 -11.91 0.0040
2017-08-11 2017-06-30 13F SPS COMM COM 78463M107 274,754 9,049 3.41 17,517 12.71 0.0049
2017-05-12 2017-03-31 13F SPS COMM COM 78463M107 265,705 -6,025 -2.22 15,541 -18.16 0.0045
2017-02-13 2016-12-31 13F SPS COMM COM 78463M107 271,730 -137,274 -33.56 18,990 -36.75 0.0058
2016-11-09 2016-09-30 13F SPS COMM COM 78463M107 409,004 -22,580 -5.23 30,025 14.80 0.0094
2016-08-12 2016-06-30 13F SPS COMM COM 78463M107 431,584 79,383 22.54 26,155 47.53 0.0085
2016-08-19 2016-03-31 13F/A-1 SPS COMM COM 78463M107 352,201 4,969 1.43 17,728 -27.28 0.0059
2016-05-13 2016-03-31 13F Sps Comm COMM 78463M107 352,200 15,124
2016-02-12 2015-12-31 13F Sps Comm COMM 78463M107 347,232 3,429 1.00 24,379 4.44 0.0081
2015-11-12 2015-09-30 13F Sps Comm COMM 78463M107 343,803 343,803 0.00 23,342 0.0078
2015-08-13 2015-06-30 13F Sps Comm COMM 78463M107 0 -343,460 -100.00 0 -100.00
2015-05-14 2015-03-31 13F Sps Comm COMM 78463M107 343,460 6,331 1.88 23,046 20.72 0.0069
2015-02-12 2014-12-31 13F Sps Comm COM 78463M107 337,129 -7,803 -2.26 19,091 4.13 0.0058
2014-11-13 2014-09-30 13F Sps Comm COMM 78463M107 344,932 82,877 31.63 18,334 10.72 0.0058
2014-08-14 2014-06-30 13F SPS COMM com 78463M107 262,055 -119,087 -31.24 16,559 -29.30 0.0052
2014-05-14 2014-03-31 13F SPS COMM COMM 78463M107 381,142 74,691 24.37 23,421 17.03 0.0074
2014-02-21 2013-12-31 13F/A-1 SPS COMM COM 78463M107 306,451 17,151 5.93 20,012 3.37 0.0064
2014-02-12 2013-12-31 13F SPS COMM COM 78463M107 306,451 20,012
2013-11-13 2013-09-30 13F SPS COMM COM 78463M107 289,300 18,116 6.68 19,359 29.80 0.0068
2013-08-09 2013-06-30 13F SPS COMM COM 78463M107 271,184 271,184 14,915 0.0054
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.