$SPSC

$86.24 -$4.32 (4.77%) Close

$SPSC Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 36.0M shares outstanding

Who owns SPSC?

By type of holder

Institutions 100.0% Insiders 0.0% Everyone else 0.0%

Concentration Top 10 holders own 54.6%

BlackRock, Inc. 16.5% · Vanguard Portfolio Management LLC 8.1%

Institutional ownership

100.0%

0 pts vs last qtr

Institutional holders

317

-10 vs last qtr

Net shares bought

+892.2K

by institutions in Q2 2026

New / sold out

61 / 71

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

Disciplined Growth Investors Inc /MN +1.3M
Jupiter Topco LLC NEW +984.4K

Biggest sellers in Q2 2026

Bank Of America Corp /de/ −620.0K
Nordea Investment Management AB SOLD OUT −537.9K

Who is planning to sell?

Notices of proposed sale, last 12 months

$3.65M

9 notices from 4 people

Shares covered

60.6K

0.17% of the company

Arranged in advance

100%

of the value is under a 10b5-1 plan

Under a 10b5-1 plan No plan

Largest proposed sellers

Kimberly Nelson Officer 10b5-1 $2.32M
Chadwick Collins Director 10b5-1 $781K

Every notice on Red Flags →

A Form 144 is notice of a planned sale, not the sale itself. What insiders actually sold is on Insider Transactions.

Is your stake being diluted?

Diluted share count, FY2016–FY2025

+10.2%

+1.08% a year

Each share's claim on the business

−9.2%

shrank without buying or selling a share

Spent on buybacks vs paid in stock

$281M vs $282M

over 10 fiscal years

Diluted shares, split-adjusted

Buybacks Stock-based comp

How patient are the owners?

Institutional shares by how long they've been held

5+ years70% 3–5 years2% 1–3 years7% Under 1 year21%

Quarterly turnover

16.7%

of institutional shares changed hands

Top 10 managers, median time held

5 years

Super Investors

Investment managers reporting SPSC on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
B BlackRock, Inc.	5.9M	16.48%	+105.6K (+1.8%)	≤2021	0.0%
Shares held by quarter Peak holding6.0M (Q4'24) Change over 8 quarters+98.3K Share of the company16.480% BlackRock, Inc.'s full portfolio →
VP Vanguard Portfolio Management LLC	2.9M	8.10%	−44.1K (−1.5%)	≤2021	0.0%
Shares held by quarter Peak holding3.0M (Q1'26) Change over 8 quarters+2.9M Share of the company8.100% Vanguard Portfolio Management LLC's full portfolio →

BlackRock, Inc.

5.9M

% of company

16.48%

Change vs last qtr

+105.6K (+1.8%)

Held since

≤2021

Vanguard Portfolio Management LLC

2.9M

% of company

8.10%

Change vs last qtr

−44.1K (−1.5%)

Held since

≤2021

28 more super investors behind a free account

See every manager holding SPS Commerce, Inc., how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting SPSC on Form N-PORT; together they hold 46.0% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
IC iShares Core S&P Small-Cap ETF iShares Trust	$126M	2.2M	6.15%	0.11%	June 30, 2026
VT Vanguard Total Stock Market Index Fund Vanguard Index Funds	$63.5M	1.1M	3.08%	0.00%	June 30, 2026

iShares Core S&P Small-Cap ETF

iShares Trust

Position value

$126M

% of company

6.15%

% of the fund

0.11%

As of

June 30, 2026

Vanguard Total Stock Market Index Fund

Vanguard Index Funds

Position value

$63.5M

% of company

3.08%

% of the fund

0.00%

As of

June 30, 2026

23 more funds behind a free account

See every fund holding SPS Commerce, Inc. and how much of the fund the position is.

Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G

Holder	Shares	% of company	Change vs last qtr	8 quarters	Held since	% of their book
NK Nelson Kimberly K. Insider	186.0K	0.52%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company0.520% Nelson Kimberly K.'s insider activity →
CC Collins Chadwick Insider	174.2K	0.48%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company0.480% Collins Chadwick's insider activity →

Nelson Kimberly K.

Insider

186.0K

% of company

0.52%

Change vs last qtr

—

Held since

—

Collins Chadwick

Insider

174.2K

% of company

0.48%

Change vs last qtr

—

Held since

—

13 more holders behind a free account

See every insider and 5%+ holder of SPS Commerce, Inc..

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