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View all 319 holding institutions

Across its top 20 institutional holders, SPSC's holder base skews toward low-concentration, low-turnover investors on average (avg. concentration score 9/100, avg. turnover score 39/100).

Notable Holders

SPSC ranks #1978 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

SPSC is a top-conviction position for Lightrock Netherlands B.V. — at 6.9% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in SPSC belongs to BlackRock, Inc., but the position matters far more to Lightrock Netherlands B.V., who has 6.9% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

Federated Hermes, Inc. has added to its SPSC position for two straight quarters, increasing it by $29.7M to reach $51.5M today.

Bank Of America CORP /de/ has trimmed its SPSC position for two straight quarters, cutting it by $64.6M while still holding $21.6M.

SPSC is up 0.9% today, and institutions have been net buyers of $309.3M this quarter — today's price move and the underlying institutional flow are pointing the same direction.

Company Fundamentals

SPSC posted net income of $78.0M over the trailing twelve months, and currently trades at a P/E of 41.4.

Profitable — net income of $78.0M over the trailing twelve months
Revenue grew 9.8% year over year
Net income declined year over year, from $82.9M to $78.0M
Generated $178.8M in positive operating cash flow
Current ratio of 2.17x — enough short-term assets to cover short-term liabilities
Liabilities run 0.20x equity — within a conventional range

Price Chart

SPSC Quarterly 13F Institutional Trade Shifts

Recent Activity

+$426.7M

Total Buy Value

$344.6M

Total Sell Value

New buy64

Trim116

Add114

Sold out69

178

Net Buyers

185

Net Sellers

Top Movers

SPSC

Q2 2026

Top 5 Institutional Movers

Disciplined Growth Investors /mn

+$76.3M

Add

Jupiter Topco

+$56.3M

New buy

Engine Capital Management, LP

+$52.4M

New buy

California State Teachers Retirement System

+$51.1M

Add

Invenomic Capital Management LP

+$35.0M

Add

Data by AlphaSMO • Not financial advice.

Smart Money Convergence

SPSC does not currently have enough recent insider (Form 4) trading activity to compute a convergence signal against its 13F institutional flows.

13F data as of 2026-06-30 quarterly filings. Note: many large institutions file close to the 45-day post-quarter deadline, so early-quarter flow figures can shift substantially as more filings arrive.

Recent SPSC Insider Buying & Selling Activity (Form 4)

Congress Trading (STOCK Act)

Form 144 Pre-Sale Notices

No Form 144 planned sale filings in the last 90 days

Beneficial Ownership (13D/13G)

No Schedule 13D/13G filings for this ticker

Material Events (8-K)

Filings (14d)

Data as of 2026-07-30

2026-07-30

SPS Commerce filed an 8-K on July 30, 2026, to disclose its operating results for the three and six months ended June 30, 2026. The actual numbers are in the attached press release (Exhibit 99.1), which isn't reproduced in this excerpt. The forward-looking statements reference a share repurchase program and upcoming leadership transitions.

View Full Filing (SEC EDGAR)

View all Form 8-K filings

CUSIP

78463M107, 78463m107

Note: Data on this page is curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, dedicated to providing accurate insider trading and institutional portfolio reports. Please credit the source when reposting.

FAQ

Who are the top institutional investors holding SPS COMMERCE INC (SPSC)?

Major stakeholders currently include BlackRock, Inc. ($339.3M), Vanguard Portfolio Management LLC ($166.6M), Disciplined Growth Investors Inc /mn ($121.4M). Based on the latest 13F filings, there are a total of 319 tracked investment funds and institutions maintaining positions in SPSC.

What is the overall institutional sentiment toward SPSC recently?

Institutional sentiment appears Bullish (Net Buying). During the most recent reporting quarter, the stock experienced a net inflow of $309.3M, driven by 178 managers accumulating shares while 185 reduced their exposure.

Which institutions have been selling or reducing their SPSC positions?

In the latest period, 116 funds trimmed their holdings, and 69 managers completely exited their positions. The aggregate reported sell value was $344.6M.

Are there any notable investors adding SPSC to their portfolios?

Yes, buying activity remains notable. 64 institutions opened new positions in {ticker}, and 114 existing holders added to their shares. The total reported buy value for the quarter amounted to $426.7M.

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Developer Access

Access SPSC's institutional ownership data programmatically:

REST API

curl https://alphasmo.com/api/v1/market/stock/SPSC

CLI

npx alphasmo stocks get SPSC

Full API & MCP documentation →