Ranked by reported Q2 2026 13F market value
Share of total reported institutional value in SPSC held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 5.9M | $339.3M | +1.8% | 16.164% | 0.01% |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 2.9M | $166.6M | -1.5% | 7.939% | 0.01% |
| 3 | DISCIPLINED GROWTH INVESTORS INC /MN | 2.1M | $121.4M | +161.9% | 5.785% | 2.06% |
| 4 | Neuberger Berman Group LLC | 1.8M | $101.8M | -0.5% | 4.851% | 0.03% |
| 5 | VANGUARD CAPITAL MANAGEMENT LLC | 1.6M | $91.4M | -5.9% | 4.354% | 0.00% |
| 6 | STATE STREET CORP | 1.5M | $88.4M | +3.1% | 4.210% | 0.00% |
| 7 | GEODE CAPITAL MANAGEMENT, LLC | 1.3M | $72.4M | +26.9% | 3.449% | 0.00% |
| 8 | GOLDMAN SACHS GROUP INC | 1.1M | $63.3M | +3.6% | 3.017% | 0.01% |
| 9 | MORGAN STANLEY | 998K | $57.1M | +3.9% | 2.718% | 0.00% |
| 10 | Jupiter Topco LLC | 984K | $56.3M | β | 2.681% | 0.02% |
| 11 | Engine Capital Management, LP | 916K | $52.4M | β | 2.496% | 5.10% |
| 12 | CITADEL ADVISORS LLC | 914K | $52.2M | -9.4% | 2.489% | 0.00% |
| 13 | FEDERATED HERMES, INC. | 902K | $51.5M | +22.0% | 2.456% | 0.07% |
| 14 | Invenomic Capital Management LP | 869K | $49.7M | +229.2% | 2.368% | 2.97% |
| 15 | Anson Funds Management LP | 845K | $48.3M | +25.2% | 2.302% | 2.87% |
| 16 | BNP Paribas Asset Management Holding S.A. | 761K | $43.5M | +7.1% | 2.072% | 0.04% |
| 17 | Lightrock Netherlands B.V. | 613K | $35.1M | +38.8% | 1.670% | 6.92% |
| 18 | Irenic Capital Management LP | 598K | $34.2M | 0.0% | 1.628% | 1.64% |
| 19 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 543K | $31.0M | +8.3% | 1.478% | 0.00% |
| 20 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 509K | $29.1M | +43.7% | 1.388% | 0.01% |
| 21 | NORTHERN TRUST CORP | 495K | $28.3M | +12.0% | 1.348% | 0.00% |
| 22 | NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | 412K | $23.6M | +14.1% | 1.122% | 0.04% |
| 23 | BANK OF AMERICA CORP /DE/ | 379K | $21.6M | -62.1% | 1.031% | 0.00% |
| 24 | DIMENSIONAL FUND ADVISORS LP | 344K | $19.7M | -31.8% | 0.937% | 0.00% |
| 25 | Bank of New York Mellon Corp | 275K | $15.7M | -4.7% | 0.749% | 0.00% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in SPSC β a direct measure of their conviction.
Filings activity in SPSC during Q2 2026, grouped by how each filer changed its position.
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q2 2026 | 319 | 2.4% | 106.64% | +4.40 pp | $2.17B | +4.9% |
| Q1 2026 | 327 | 8.9% | 102.24% | +1.87 pp | $2.06B | 36% |
| Q4 2025 | 359 | 8.2% | 100.37% | 13.17 pp | $3.23B | 16% |
| Q3 2025 | 391 | 11% | 113.54% | +15.35 pp | $3.85B | 23% |
| Q2 2025 | 441 | +2.1% | 98.19% | +3.21 pp | $4.98B | +6.2% |
| Q1 2025 | 432 | 3.1% | 94.98% | 3.01 pp | $4.69B | 29% |
| Q4 2024 | 446 | 0.2% | 97.99% | +3.14 pp | $6.61B | 1.0% |
| Q3 2024 | 447 | β | 94.85% | β | $6.68B | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying SPSC stock.
Based on Q2 2026 13F filings, institutional ownership of SPS Commerce, Inc. stands at 106.6%, held across 319 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of SPSC, with approximately 5,934,211 shares worth $0.34B as of Q2 2026.
Yes β 1 widely-followed marquee investor appear among the top 25 institutional holders of SPSC, including CITADEL ADVISORS LLC.
Our composite Smart Money Score for SPSC is 54 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
56 institutions opened new positions in SPSC during Q2 2026, while 67 fully exited. 155 added to existing positions and 97 trimmed.
SPSC institutional ownership rose by 4.40 percentage points quarter-over-quarter, with a net change of -8 holders.
The top 10 institutions account for 53.5% of all reported 13F value in SPSC, and the top 25 account for 78.2%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
SPS Commerce, Inc. (SPSC) Institutional Ownership