SPSC
SPS Commerce, Inc. · Technology · Software - Application
Momentum inputs (comparable managers):
holder breadth -7.7% ·
share flow +5.6% ·
net new positions -8.3%
— formula
Concentrated accumulation — rising shares among fewer holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q3 2024
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 101 | -5 | 24.77M | $1.42B | +7 | −11 |
| Q1 2026 | 108 | -2 | 26.56M | $1.48B | +10 | −13 |
| Q4 2025 | 111 | -1 | 30.16M | $2.69B | +2 | −2 |
| Q3 2025 | 19 | -2 | 17.01M | $1.77B | +1 | −4 |
| Q2 2025 | 19 | +2 | 15.87M | $2.16B | +2 | — |
| Q1 2025 | 14 | +1 | 4.12M | $547.42M | +1 | — |
| Q4 2024 | 13 | 0 | 4.14M | $762.33M | +1 | −1 |
| Q3 2024 | 12 | -1 | 2.71M | $527.35M | +1 | −2 |
| Q2 2024 | 13 | — | 2.57M | $483.69M | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Geode Capital Management ✦ (passive) | 937.32K | +1.5% | $182.29M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 2 | Geode Capital Management ✦ (passive) | 937.32K | +1.5% | $182.29M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 3 | Norges Bank ✦ (passive) | 480.83K | +13.6% | $93.36M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 4 | T. Rowe Price ✦ | 381.00K | -2.3% | $73.98M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 5 | T. Rowe Price ✦ | 381.00K | -2.3% | $73.98M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 6 | Wellington Management ✦ | 260.34K | -23.6% | $50.55M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 7 | Wellington Management ✦ | 260.34K | -23.6% | $50.55M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 8 | Fisher Asset Management ✦ | 260.28K | +9.3% | $50.54M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 9 | Millennium Management ✦ | 184.12K | +89.7% | $35.75M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 10 | D. E. Shaw & Co. ✦ | 82.41K | +42.5% | $16.00M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 11 | D. E. Shaw & Co. ✦ | 82.41K | +42.5% | $16.00M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 12 | Arrowstreet Capital ✦ | 76.66K | +595.5% | $14.88M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 13 | Citadel Advisors ✦ | 24.85K | -59.1% | $4.82M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 14 | Citadel Advisors ✦ | 24.85K | -59.1% | $4.82M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 15 | AQR Capital Management ✦ | 13.79K | -7.2% | $2.68M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 16 | AQR Capital Management ✦ | 13.79K | -7.2% | $2.68M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 17 | Two Sigma Investments ✦ | 6.50K | New | $1.26M | 0.0% | New | 1 | SEC ↗ |
| 18 | Gotham Asset Management ✦ | 6.35K | -18.6% | $1.23M | 0.0% | ▼ Trim | 2 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| Two Sigma Investments | $1.26M | 0.0% |
Exited
| Marshall Wace | $465,696 | was 0.0% |
| Bridgewater Associates | $406,426 | was 0.0% |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 325 holders, 37.98M shares, $2.04B reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.