SPS Commerce, Inc.
US ˙ NasdaqGS ˙ US78463M1071

SecuritySPSC / SPS Commerce, Inc.
InstitutionSummit Creek Advisors LLC
Latest Disclosed Ownership82,108 shares
Latest Disclosed Value $ 4,570,952
Summit Creek Advisors LLC reports 35.90% decrease in ownership of SPSC / SPS Commerce, Inc.

On May 6, 2026 - Summit Creek Advisors LLC filed a 13F-HR form disclosing ownership of 82,108 shares of SPS Commerce, Inc. (US:SPSC) valued at $4,570,952 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 6, 2026 disclosing 128,100 shares of SPS Commerce, Inc.. This represents a change in shares of -35.90% during the quarter. The current value of the position is $4,554,531 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)
2026-05-06 2026-03-31 13F SPS COMMERCE COM 78463M107 82,108 -45,992 -35.90 4,571 -59.97 0.9390
2026-02-06 2025-12-31 13F SPS COMMERCE COM 78463M107 128,100 -6,735 -4.99 11,418 -18.69 1.7964
2025-10-24 2025-09-30 13F SPS COMMERCE COM 78463M107 134,835 -11,507 -7.86 14,042 -29.50 2.0466
2025-08-06 2025-06-30 13F SPS COMMERCE COM 78463M107 146,342 5,514 3.92 19,916 6.54 2.7715
2025-05-07 2025-03-31 13F SPS COMMERCE COM 78463M107 140,828 13,678 10.76 18,692 -20.10 2.7302
2025-02-11 2024-12-31 13F SPS COMMERCE COM 78463M107 127,150 9,293 7.88 23,394 2.23 3.0757
2024-11-12 2024-09-30 13F SPS COMMERCE COM 78463M107 117,857 -475 -0.40 22,884 2.78 3.1085
2024-08-05 2024-06-30 13F SPS COMMERCE COM 78463M107 118,332 -8,235 -6.51 22,265 -4.86 3.0498
2024-05-10 2024-03-31 13F SPS COMMERCE COM 78463M107 126,567 804 0.64 23,402 -4.00 2.9500
2024-02-07 2023-12-31 13F SPS COMMERCE COM 78463M107 125,763 -10,828 -7.93 24,378 4.61 3.2622
2023-10-30 2023-09-30 13F SPS COMMERCE COM 78463M107 136,591 528 0.39 23,304 -10.83 3.1700
2023-08-09 2023-06-30 13F SPS COMMERCE COM 78463M107 136,063 123 0.09 26,132 26.22 3.2675
2023-05-05 2023-03-31 13F SPS COMMERCE COM 78463M107 135,940 1,030 0.76 20,704 19.49 2.6951
2023-02-10 2022-12-31 13F SPS COMMERCE COM 78463M107 134,910 -28,063 -17.22 17,326 -14.42 2.3579
2022-11-01 2022-09-30 13F SPS COMMERCE COM 78463M107 162,973 805 0.50 20,246 10.43 2.7881
2022-08-11 2022-06-30 13F SPS COMMERCE COM 78463M107 162,168 75 0.05 18,333 -13.80 2.3363
2022-05-09 2022-03-31 13F SPS COMMERCE COM 78463M107 162,093 512 0.32 21,267 -7.54 2.4078
2022-02-10 2021-12-31 13F SPS COMMERCE COM 78463M107 161,581 -17,612 -9.83 23,001 -20.43 2.3098
2021-11-08 2021-09-30 13F SPS COMMERCE COM 78463M107 179,193 -12,376 -6.46 28,906 51.12 3.0571
2021-08-04 2021-06-30 13F SPS COMMERCE COM 78463M107 191,569 410 0.21 19,128 0.76 2.2855
2021-04-20 2021-03-31 13F SPS COMMERCE COM 78463M107 191,159 -4,321 -2.21 18,984 -10.57 2.2627
2021-01-20 2020-12-31 13F SPS COMMERCE COM 78463M107 195,480 -56,019 -22.27 21,227 8.39 2.7234
2020-10-14 2020-09-30 13F SPS COMMERCE COM 78463M107 251,499 -71,381 -22.11 19,584 -19.26 2.9061
2020-07-15 2020-06-30 13F SPS COMMERCE COM 78463M107 322,880 -41,090 -11.29 24,255 43.28 3.5724
2020-04-27 2020-03-31 13F SPS COMMERCE COM 78463M107 363,970 22,300 6.53 16,928 -10.60 3.3827
2020-01-17 2019-12-31 13F SPS COMMERCE COM 78463M107 341,670 113,151 49.51 18,935 76.04 2.9598
2019-10-16 2019-09-30 13F SPS COMMERCE COM 78463M107 228,519 172,701 309.40 10,756 88.54 1.8041
2019-07-19 2019-06-30 13F SPS COMMERCE COM 78463M107 55,818 25,869 86.38 5,705 79.63 0.9578
2019-04-15 2019-03-31 13F SPS COMMERCE COM 78463M107 29,949 22,350 294.12 3,176 407.35 0.5661
2019-01-15 2018-12-31 13F SPS COMMERCE COM 78463M107 7,599 7,599 626 0.1266
2017-04-21 2017-03-31 13F SPS COMMERCE COM 78463M107 0 -103,412 -100.00 0 -100.00
2017-01-20 2016-12-31 13F SPS COMMERCE COM 78463M107 103,412 -365 -0.35 7,227 -5.13 1.2363
2016-10-18 2016-09-30 13F SPS COMMERCE COM 78463M107 103,777 -760 -0.73 7,618 20.25 1.2481
2016-07-20 2016-06-30 13F SPS COMMERCE COM 78463M107 104,537 104,537 6,335 1.0762
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.