Vanguard Group Inc ownership in SPSC / SPS Commerce, Inc.

SPS Commerce, Inc.

US ˙ NasdaqGS ˙ US78463M1071

Security	SPSC / SPS Commerce, Inc.
Institution	Vanguard Group Inc
Latest Disclosed Ownership	0 shares
Ownership	0.00%

2026-03-27 - Vanguard Group Inc has filed an SCHEDULE 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 0 shares of SPS Commerce, Inc. (US:SPSC). This represents 0.0 percent ownership of the company. In their previous filing dated 2025-10-31 , Vanguard Group Inc had reported owning 4,944,449 shares, indicating a decrease of -100.00 percent.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File Date	Effective Date	Form	Prev Shares	Latest Shares	ΔShares (Percent)	Ownership (Percent)	ΔOwnership (Percent)
2026-03-27	2026-03-27	13G/A	4,944,449	0	-100.00	0.00	-100.00
2025-10-31	2025-10-31	13G/A	4,288,681	4,944,449	15.29	13.04	11.55
2024-02-13	2024-02-13	13G/A	4,075,393	4,288,681	5.23	11.69	3.36
2023-02-09	2023-02-09	13G/A	3,932,716	4,075,393	3.63	11.31	3.38
2022-02-10	2022-02-10	13G/A	3,881,023	3,932,716	1.33	10.94	-0.45
2021-02-10	2021-02-10	13G/A	3,810,535	3,881,023	1.85	10.99	1.29
2020-10-13	2020-10-13	13G/A	2,506,196	3,810,535	52.04	10.85	50.90
2020-02-12	2020-02-12	13G/A	1,198,742	2,506,196	109.07	7.19	6.05
2019-02-11	2019-02-11	13G/A	991,502	1,198,742	20.90	6.78	17.91
2018-02-09	2018-02-09	13G		991,502		5.75

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

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	Reported Shares	ΔShares	ΔShares (%)	Reported Value (x1000)	ΔValue (%)	Alloc (%)
2026-01-29	2025-12-31	13F	SPS COMM	COM	78463M107	4,925,441	-19,008	-0.38	439,005	-14.74	0.0064
2025-11-07	2025-09-30	13F	SPS COMM	COM	78463M107	4,944,449	249,351	5.31	514,915	-19.41	0.0077
2025-08-11	2025-06-30	13F	SPS COMM	COM	78463M107	4,695,098	94,079	2.04	638,956	4.63	0.0103
2025-05-09	2025-03-31	13F	SPS COMM	COM	78463M107	4,601,019	-29,840	-0.64	610,693	-28.33	0.0110
2025-02-11	2024-12-31	13F	SPS COMM	COM	78463M107	4,630,859	67,687	1.48	852,032	-3.84	0.0148
2024-11-13	2024-09-30	13F	SPS COMM	COM	78463M107	4,563,172	158,357	3.60	886,031	6.90	0.0159
2024-08-13	2024-06-30	13F	SPS COMM	COM	78463M107	4,404,815	57,609	1.33	828,810	3.11	0.0159
2024-05-10	2024-03-31	13F	SPS COMM	COM	78463M107	4,347,206	58,525	1.36	803,798	-3.31	0.0159
2024-03-11	2023-12-31	13F/A-1	SPS COMM	COM	78463M107	4,288,681	38,132	0.90	831,318	14.64	0.0182
2024-02-14	2023-12-31	13F	SPS COMM	COM	78463M107	4,288,681	38,132		831,318		0.0158
2023-12-18	2023-09-30	13F/A-1	SPS COMM	COM	78463M107	4,250,549	33,874	0.80	725,186	-10.45	0.0178
2023-11-14	2023-09-30	13F	SPS COMM	COM	78463M107	4,250,549	33,874		725,186		0.0032
2023-08-14	2023-06-30	13F	SPS COMM	COM	78463M107	4,216,675	86,432	2.09	809,855	28.75	0.0192
2023-07-14	2023-03-31	13F/A-1	SPS COMM	COM	78463M107	4,130,243	54,850	1.35	629,036	20.18	0.0160
2023-05-15	2023-03-31	13F	SPS COMM	COM	78463M107	4,130,243	54,850		629,036		0.0160
2023-02-10	2022-12-31	13F	SPS COMM	COM	78463M107	4,075,393	43,182	1.07	523,403	4.49	0.0143
2022-11-14	2022-09-30	13F	SPS COMM	COM	78463M107	4,032,211	56,939	1.43	500,922	11.46	0.0147
2022-08-12	2022-06-30	13F	SPS COMM	COM	78463M107	3,975,272	16,591	0.42	449,404	-13.47	0.0126
2022-05-13	2022-03-31	13F	SPS COMM	COM	78463M107	3,958,681	25,965	0.66	519,379	-7.22	0.0123
2022-02-14	2021-12-31	13F	SPS COMM	COM	78463M107	3,932,716	8,021	0.20	559,823	-11.57	0.0127
2021-11-12	2021-09-30	13F	SPS COMM	COM	78463M107	3,924,695	-32,873	-0.83	633,093	60.21	0.0157
2021-08-13	2021-06-30	13F	SPS COMM	COM	78463M107	3,957,568	-21,353	-0.54	395,164	0.00	0.0098
2021-05-14	2021-03-31	13F	SPS COMM	COM	78463M107	3,978,921	97,898	2.52	395,148	-6.24	0.0107
2021-02-12	2020-12-31	13F	SPS COMMERCE	COM	78463M107	3,881,023	70,488	1.85	421,440	42.03	0.0122
2020-11-16	2020-09-30	13F	SPS COMMERCE	COM	78463M107	3,810,535	598,678	18.64	296,726	22.98	0.0098
2020-08-14	2020-06-30	13F	SPS COMMERCE	COM	78463M107	3,211,857	699,749	27.86	241,275	106.50	0.0086
2020-05-15	2020-03-31	13F	SPS COMMERCE	COM	78463M107	2,512,108	5,912	0.24	116,838	-15.88	0.0050
2020-02-14	2019-12-31	13F	SPS COMMERCE	COM	78463M107	2,506,196	-70,970	-2.75	138,894	14.50	0.0047
2019-11-14	2019-09-30	13F	SPS COMMERCE	COM	78463M107	2,577,166	1,312,208	103.74	121,308	-6.18	0.0045
2019-08-14	2019-06-30	13F	SPS COMMERCE	COM	78463M107	1,264,958	42,752	3.50	129,292	-0.26	0.0049
2019-05-15	2019-03-31	13F	SPS COMMERCE	COM	78463M107	1,222,206	23,464	1.96	129,628	31.26	0.0051
2019-02-14	2018-12-31	13F	SPS COMM	COM	78463M107	1,198,742	94,074	8.52	98,753	-9.92	0.0044
2018-12-13	2018-09-30	13F/A-2	SPS COMM	COM	78463M107	1,104,668	69,574	6.72	109,627	44.14	0.0043
2018-11-23	2018-09-30	13F/A-1	SPS COMM	COM	78463M107	1,104,668	0		109,627		0.0043
2018-11-14	2018-09-30	13F	SPS COMM	COM	78463M107	1,104,668	69,574		109,627
2018-08-14	2018-06-30	13F	SPS COMM	COM	78463M107	1,035,094	26,145	2.59	76,058	17.66	0.0032
2018-05-15	2018-03-31	13F	SPS COMM	COM	78463M107	1,008,949	17,447	1.76	64,643	34.18	0.0028
2018-02-14	2017-12-31	13F	SPS COMM	COM	78463M107	991,502	9,145	0.93	48,178	-13.52	0.0021
2017-11-14	2017-09-30	13F	SPS COMM	COM	78463M107	982,357	18,726	1.94	55,709	-9.33	0.0026
2017-08-24	2017-06-30	13F/A-1	SPS COMM	COM	78463M107	963,631	64,257	7.14	61,441	16.80	0.0030
2017-08-11	2017-06-30	13F	SPS COMM	COM	78463M107	963,631	64,257		61,441
2017-05-12	2017-03-31	13F	SPS COMM	COM	78463M107	899,374	51,243	6.04	52,604	-11.26	0.0027
2017-02-14	2016-12-31	13F	SPS COMM	COM	78463M107	848,131	24,083	2.92	59,276	-2.01	0.0033
2016-11-14	2016-09-30	13F	SPS COMM	COM	78463M107	824,048	151,012	22.44	60,493	48.32	0.0036
2016-08-10	2016-06-30	13F	SPS COMM	COM	78463M107	673,036	32,278	5.04	40,786	48.23	0.0025
2016-05-13	2016-03-31	13F	SPS COMM	COM	78463M107	640,758	29,748	4.87	27,515	-35.86	0.0018
2016-02-08	2015-12-31	13F	SPS COMM	COM	78463M107	611,010	13,186	2.21	42,899	5.70	0.0029
2015-11-12	2015-09-30	13F/A-1	SPS COMM	COM	78463M107	597,824	25,507	4.46	40,586	7.77	0.0017
2015-11-12	2015-09-30	13F/A-1	SPS COMM	COM	78463M107	597,824	25,507		40,586		0.0017
2015-08-13	2015-06-30	13F	SPS COMM	COM	78463M107	572,317	14,346	2.57	37,660	0.59	0.0025
2015-05-15	2015-03-31	13F/A-1	SPS COMM	COM	78463M107	557,971	35,423	6.78	37,440	26.52	0.0025
2015-05-14	2015-03-31	13F	SPS COMM	COM	78463M107	557,971			37,440
2015-02-12	2014-12-31	13F	SPS COMM	COM	78463M107	522,548	18,760	3.72	29,592	10.52	0.0021
2014-11-12	2014-09-30	13F	SPS COMM	COM	78463M107	503,788	8,002	1.61	26,776	-14.53	0.0021
2014-08-11	2014-06-30	13F	SPS COMM	COM	78463M107	495,786	3,814	0.78	31,329	3.63	0.0025
2014-05-13	2014-03-31	13F	SPS COMM	COM	78463M107	491,972	16,137	3.39	30,232	-2.70	0.0025
2014-02-12	2013-12-31	13F	SPS COMM	COM	78463M107	475,835	58,324	13.97	31,072	11.21	0.0027
2013-11-07	2013-09-30	13F	SPS COMM	COM	78463M107	417,511	15,605	3.88	27,940	26.40	0.0027
2013-08-13	2013-06-30	13F	SPS COMM	COM	78463M107	401,906	401,906		22,105		0.0023

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.