SPS CommerceSPSC
13F holders, Q3 2025 (September 30)At the end of Q3 2025, 403 institutions reported holding SPS Commerce Inc. (SPSC) in their 13F filings, down 48 from Q2 2025. 42 opened new positions and 85 sold out. The largest holders were BlackRock, Inc. ($588.2M), Vanguard Group Inc. ($514.9M) and State Street Corp. ($152.1M). 7 famous investors held it, including Paul Tudor Jones (0.0% of Tudor Investment Corporation's portfolio), David E. Shaw (0.0% of D. E. Shaw & Co.'s portfolio) and Ray Dalio (0.0% of Bridgewater Associates's portfolio).
- Company
- SPS Commerce Inc.
- CUSIP
- 78463M107
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q2 2025 → Q3 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 42 | $149.8M |
| Exits | 85 | $130.1M |
All 13F filers, Q2 2025 → Q3 2025: 5,399,239 shares bought and 4,403,825 shares sold, net +995,414 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 403 holders
| BlackRock, Inc. | 0.01% | Reduce -2.0% | 5,648,074 | $588.2M |
| Vanguard Group Inc. | 0.01% | Add +5.3% | 4,944,449 | $514.9M |
| State Street Corp. | 0.01% | Reduce -0.4% | 1,460,149 | $152.1M |
| Neuberger Berman Group LLC | 0.10% | Add +16.8% | 1,300,132 | $135.4M |
| Nordea Investment Management AB | 0.12% | Reduce -2.9% | 1,292,056 | $135.2M |
| Conestoga Capital Advisors, LLC | 2.14% | Add +2.5% | 1,281,511 | $133.5M |
| Morgan Stanley | 0.01% | Add +4.0% | 973,660 | $101.4M |
| Geode Capital Management, LLC | 0.01% | Reduce -0.6% | 969,730 | $101.0M |
| Disciplined Growth Investors Inc. | 1.50% | Add +86.4% | 792,472 | $82.5M |
| FMR LLC | 0.00% | Reduce -49.1% | 627,622 | $65.4M |
| Macquarie Group Ltd. | 0.07% | Reduce -5.9% | 600,975 | $62.6M |
| Kayne Anderson Rudnick Investment Management LLC | 0.14% | Reduce -33.5% | 555,644 | $57.9M |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 0.15% | Add +205.1% | 555,284 | $57.8M |
| Northern Trust Corp. | 0.01% | Add +0.7% | 505,116 | $52.6M |
| Van Berkom & Associates Inc. | 1.50% | New | 498,154 | $51.9M |
| Charles Schwab Investment Management Inc. | 0.01% | Reduce -2.5% | 492,589 | $51.3M |
| Dimensional Fund Advisors LP | 0.01% | Add +6.4% | 482,969 | $50.3M |
| Geneva Capital Management LLC | 0.86% | Reduce -22.5% | 479,987 | $50.0M |
| Riverbridge Partners LLC | 0.83% | Reduce -9.1% | 471,225 | $49.1M |
| JPMorgan Chase & Co. | 0.00% | Reduce -11.1% | 464,957 | $48.4M |
| UBS Group AG | 0.01% | Add +806.1% | 458,860 | $47.8M |
| Bank of America Corp. | 0.00% | Reduce -6.1% | 399,468 | $41.6M |
| Granahan Investment Management, LLC | 1.69% | Add +6.5% | 396,780 | $41.3M |
| Goldman Sachs Group Inc. | 0.01% | Add +116.4% | 391,186 | $40.7M |
| Champlain Investment Partners, LLC | 0.28% | New | 352,748 | $36.7M |
| D. E. Shaw & Co. | 0.03% | Add +124.1% | 308,233 | $32.1M |
| Ameriprise Financial Inc. | 0.01% | Reduce -22.7% | 298,542 | $31.1M |
| Bank of New York Mellon Corp | 0.01% | Reduce -17.5% | 289,365 | $30.1M |
| American Capital Management Inc. | 1.18% | Add +21.9% | 283,475 | $29.5M |
| Royal Bank of Canada | 0.01% | Add +3.5% | 272,472 | $28.4M |
| Voloridge Investment Management, LLC | 0.09% | Add +123.3% | 269,454 | $28.1M |
| Lazard Asset Management LLC | 0.04% | Add +344.9% | 259,258 | $27.0M |
| Nuveen, LLC | 0.01% | Reduce -2.3% | 258,255 | $26.9M |
| DF Dent & Co. Inc. | 0.32% | Add +45.2% | 237,464 | $24.7M |
| Fort Washington Investment Advisors Inc. | 0.13% | Add +82.3% | 236,886 | $24.7M |
| Silvercrest Asset Management Group LLC | 0.15% | Add +12.9% | 220,742 | $23.0M |
| RGM Capital, LLC | 0.96% | Add +504.5% | 219,085 | $22.8M |
| Brown Capital Management LLC | 0.93% | Reduce -16.8% | 217,514 | $22.7M |
| T. Rowe Price Associates Inc. | 0.00% | Add +0.9% | 216,989 | $22.6M |
| Capital World Investors | 0.00% | No change | 214,469 | $22.3M |
| Principal Financial Group Inc. | 0.01% | Add +3.5% | 213,986 | $22.3M |
| Thematics Asset Management | 0.93% | Add +12.4% | 196,914 | $20.5M |
| Local Pensions Partnership Investment Ltd | 0.33% | Add +5.7% | 185,500 | $19.3M |
| Franklin Resources Inc. | 0.00% | Add +2.1% | 183,993 | $19.2M |
| Fred Alger Management, LLC | 0.07% | Reduce -64.1% | 175,057 | $18.2M |
| Barclays PLC | 0.01% | Add +57.7% | 171,264 | $17.8M |
| Envestnet Asset Management Inc. | 0.01% | Reduce -3.9% | 168,896 | $17.6M |
| BNP Paribas Financial Markets | 0.01% | Add +67.7% | 161,843 | $16.9M |
| Congress Asset Management Co. | 0.11% | Add +3.7% | 159,801 | $16.6M |
| Public Sector Pension Investment Board | 0.06% | Add +14.3% | 147,903 | $15.4M |
| Tran Capital Management, L.P. | 1.84% | New | 147,591 | $15.4M |
| Fenimore Asset Management Inc | 0.30% | Add +17.8% | 145,888 | $15.2M |
| Deutsche Bank AG | 0.00% | Add +55.6% | 134,900 | $14.0M |
| Summit Creek Advisors LLC | 2.05% | Reduce -7.9% | 134,835 | $14.0M |
| Walleye Capital LLC | 0.12% | Reduce -13.4% | 128,904 | $13.4M |
| Legal & General Group Plc | 0.00% | Reduce -9.1% | 122,169 | $12.7M |
| Comerica Bank | 0.05% | Add +0.8% | 121,903 | $12.7M |
| Canada Pension Plan Investment Board | 0.01% | Add +172.6% | 115,300 | $12.0M |
| FIL Ltd | 0.01% | Add +113.5% | 114,529 | $11.9M |
| Invesco Ltd. | 0.00% | Reduce -8.3% | 110,323 | $11.5M |
| Qube Research & Technologies Ltd | 0.02% | Add +4.8% | 109,923 | $11.4M |
| Sei Investments Co. | 0.01% | Reduce -10.8% | 107,953 | $11.2M |
| Rhumbline Advisers | 0.01% | Add +0.3% | 107,866 | $11.2M |
| Stephens Investment Management Group LLC | 0.14% | Reduce -1.2% | 106,967 | $11.1M |
| Wells Fargo & Company | 0.00% | Reduce -2.8% | 103,224 | $10.7M |
| Janus Henderson Group PLC | 0.00% | Add +38.0% | 101,111 | $10.5M |
| Grandeur Peak Global Advisors, LLC | 1.40% | Add +12.9% | 100,378 | $10.5M |
| Two Sigma Investments, LP | 0.02% | Add +244.6% | 99,942 | $10.4M |
| Jane Street Group, LLC | 0.01% | Reduce -18.6% | 99,376 | $10.3M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | Reduce -38.6% | 98,434 | $10.3M |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.02% | Reduce -10.3% | 98,427 | $10.3M |
| WCM Investment Management, LLC | 0.02% | New | 94,296 | $9.9M |
| Glenmede Investment Management, LP | 0.05% | Reduce -6.2% | 93,939 | $9.8M |
| Allspring Global Investments Holdings, LLC | 0.02% | Reduce -4.8% | 93,444 | $9.7M |
| LPL Financial LLC | 0.00% | Add +53.9% | 83,454 | $8.7M |
| Alliancebernstein L.P. | 0.00% | Reduce -0.8% | 81,106 | $8.4M |
| Renaissance Group LLC | 0.30% | Add +53.9% | 76,113 | $7.9M |
| Raymond James Financial Inc. | 0.00% | Add +5.5% | 75,463 | $7.9M |
| Swiss National Bank | 0.00% | Add +1.4% | 73,600 | $7.7M |
| CANADA LIFE ASSURANCE Co | 0.01% | Add +0.4% | 70,706 | $7.4M |
| Tudor Investment Corporation | 0.05% | Add +161.5% | 70,389 | $7.3M |
| Millennium Management | 0.01% | Reduce -43.0% | 69,585 | $7.2M |
| Select Equity Group, L.P. | 0.03% | Add +19.5% | 66,125 | $6.9M |
| Lombard Odier Asset Management (Europe) Ltd | 0.51% | New | 65,828 | $6.9M |
| California Public Employees Retirement System | 0.00% | Reduce -55.6% | 64,967 | $6.8M |
| Edgestream Partners, L.P. | 0.19% | Reduce -6.2% | 62,565 | $6.5M |
| Numerai GP LLC | 0.87% | Add +529.4% | 59,244 | $6.2M |
| Russell Investments Group, Ltd. | 0.01% | Reduce -5.2% | 58,988 | $6.1M |
| Nicholas Company, Inc. | 0.10% | Add +7.2% | 58,913 | $6.1M |
| APG Asset Management N.V. | 0.02% | Reduce -61.1% | 69,011 | $6.1M |
| Prudential Financial Inc. | 0.01% | Reduce -2.4% | 57,661 | $6.0M |
| EULAV Asset Management | 0.14% | Reduce -44.9% | 57,600 | $6.0M |
| HERALD INVESTMENT MANAGEMENT Ltd | 0.76% | Add +15.8% | 55,000 | $5.7M |
| Quantbot Technologies LP | 0.15% | Add +105.4% | 53,728 | $5.6M |
| Osaic Holdings, Inc. | 0.01% | Add +872.8% | 52,913 | $5.5M |
| Holocene Advisors, LP | 0.01% | Add +15.5% | 49,937 | $5.2M |
| Montrusco Bolton Investments Inc. | 0.06% | New | 49,375 | $5.1M |
| Palisades Investment Partners, LLC | 2.01% | Add +0.5% | 49,137 | $5.1M |
| Assenagon Asset Management S.A. | 0.01% | Reduce -31.8% | 48,149 | $5.0M |
| Jump Financial, LLC | 0.07% | Reduce -26.9% | 47,904 | $5.0M |
| Y-Intercept (Hong Kong) Ltd | 0.12% | Add +136.7% | 47,424 | $4.9M |
| Man Group plc | 0.01% | Reduce -11.1% | 46,856 | $4.9M |
| Hillsdale Investment Management Inc. | 0.13% | Reduce -5.0% | 41,400 | $4.3M |
| Sone Capital Management, LLC | 0.36% | New | 40,880 | $4.3M |
| Fisher Asset Management | 0.00% | Reduce -81.1% | 40,100 | $4.2M |
| Balyasny Asset Management L.P. | 0.01% | Add +2.0% | 39,777 | $4.1M |
| New York State Common Retirement Fund | 0.01% | Reduce -66.1% | 39,417 | $4.1M |
| Advantage Alpha Capital Partners LP | 1.20% | Add +0.0% | 38,359 | $4.0M |
| California State Teachers Retirement System | 0.00% | Add +0.0% | 36,159 | $3.8M |
| Engineers Gate Manager LP | 0.04% | New | 36,112 | $3.8M |
| Buckhead Capital Management LLC | 1.36% | Add +284.7% | 35,945 | $3.7M |
| Arrowstreet Capital, Limited Partnership | 0.00% | Reduce -70.5% | 33,156 | $3.5M |
| Verition Fund Management LLC | 0.02% | Add +124.8% | 32,019 | $3.3M |
| EFG Asset Management (North America) Corp. | 0.42% | Add +17.3% | 31,490 | $3.3M |
| Moody Aldrich Partners LLC | 0.60% | Reduce -16.2% | 30,418 | $3.2M |
| Kennedy Capital Management LLC | 0.07% | Add +138.7% | 30,307 | $3.2M |
| Van Eck Associates Corp. | 0.00% | Add +5.0% | 29,235 | $3.0M |
| Bridgewater Associates | 0.01% | New | 29,159 | $3.0M |
| Intech Investment Management LLC | 0.03% | Add +19.8% | 28,714 | $3.0M |
| Bridge City Capital, LLC | 0.78% | Add +37.3% | 28,224 | $2.9M |
| Johnson Investment Counsel Inc. | 0.02% | Add +64.1% | 27,557 | $2.9M |
| Cresset Asset Management, LLC | 0.01% | Add +17.4% | 27,435 | $2.9M |
| Thrivent Financial for Lutherans | 0.01% | Reduce -2.1% | 27,349 | $2.8M |
| Voya Investment Management LLC | 0.00% | Reduce -28.1% | 26,604 | $2.8M |
| Whittier Trust Co. | 0.03% | Add +1.8% | 26,150 | $2.8M |
| Moody National Bank Trust Division | 0.22% | Add +12.4% | 25,535 | $2.7M |
| Stifel Financial Corp. | 0.00% | Reduce -0.3% | 25,474 | $2.7M |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 0.00% | Reduce -24.0% | 25,026 | $2.6M |
| US Bancorp \de | 0.00% | Reduce -15.9% | 24,650 | $2.6M |
| Oppenheimer Asset Management Inc. | 0.03% | Reduce -4.5% | 23,950 | $2.5M |
| AQR Capital Management | 0.00% | Reduce -37.6% | 22,594 | $2.4M |
| Jain Global LLC | 0.03% | Add +118.2% | 22,332 | $2.3M |
| MetLife Investment Management, LLC | 0.01% | Reduce -2.0% | 22,249 | $2.3M |
| Van Hulzen Asset Management, LLC | 0.17% | Add +104.3% | 22,181 | $2.3M |
| Two Sigma Advisers, LP | 0.00% | New | 21,876 | $2.3M |
| Synovus Financial Corp. | 0.03% | Add +11.1% | 21,802 | $2.3M |
| McMorgan & Co. LLC | 0.34% | Add +50.6% | 21,387 | $2.2M |
| State of Wisconsin Investment Board | 0.01% | Reduce -13.5% | 20,893 | $2.2M |
| State of Alaska, Department of Revenue | 0.02% | Reduce -7.7% | 20,860 | $2.2M |
| Campbell & CO Investment Adviser LLC | 0.16% | Reduce -41.9% | 20,351 | $2.1M |
| Marshall Wace, LLP | 0.00% | Add +28.3% | 20,205 | $2.1M |
| Illinois Municipal Retirement Fund | 0.03% | Reduce -18.7% | 19,856 | $2.1M |
| Manufacturers Life Insurance Company, The | 0.00% | Reduce -5.6% | 19,554 | $2.0M |
| State of New Jersey Common Pension Fund D | 0.01% | Add +45.2% | 18,772 | $2.0M |
| Sterling Capital Management LLC | 0.03% | Add +64.3% | 17,848 | $1.9M |
| Healthcare of Ontario Pension Plan Trust Fund | 0.00% | Add +314.4% | 17,820 | $1.9M |
| Louisiana State Employees Retirement System | 0.03% | Reduce -1.7% | 17,400 | $1.8M |
| Public Employees Retirement System of Ohio | 0.01% | Add +17.4% | 17,381 | $1.8M |
| Squarepoint Ops LLC | 0.00% | Reduce -91.1% | 17,323 | $1.8M |
| State of Tennessee, Department of Treasury | 0.01% | Add +0.8% | 17,267 | $1.8M |
| Cetera Investment Advisers | 0.00% | Add +61.6% | 16,878 | $1.8M |
| Zacks Investment Management | 0.01% | Add +4.5% | 16,378 | $1.7M |
| Dark Forest Capital Management LP | 0.06% | Add +74.4% | 16,120 | $1.7M |
| Natixis Advisors, LLC | 0.00% | Reduce -46.7% | 15,937 | $1.7M |
| Sovereign's Capital Management, LLC | 0.89% | Add +59.5% | 15,776 | $1.6M |
| Summit Wealth Group LLC / Co. | 0.17% | New | 9,579 | $1.6M |
| Laurus Global Equity Management Inc. | 1.10% | Add +111.3% | 15,510 | $1.6M |
| Zions Bancorporation, National Association | 0.08% | Reduce -12.4% | 15,428 | $1.6M |
| Citigroup Inc. | 0.00% | Reduce -61.0% | 15,355 | $1.6M |
| F/m Investments LLC | 0.06% | Reduce -0.9% | 15,123 | $1.6M |
| Whittier Trust Co. of Nevada Inc. | 0.03% | Add +0.8% | 14,252 | $1.5M |
| Dana Investment Advisors, Inc. | 0.04% | Add +32.0% | 14,241 | $1.5M |
| Captrust Financial Advisors | 0.00% | Add +18.9% | 13,232 | $1.4M |
| Torray Investment Partners LLC | 0.19% | Add +22.2% | 13,156 | $1.4M |
| SG Americas Securities, LLC | 0.01% | Add +196.3% | 13,023 | $1.4M |
| New York State Teachers Retirement System | 0.00% | No change | 12,828 | $1.3M |
| E. Ohman J:or Asset Management AB | 0.03% | No change | 12,810 | $1.3M |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.00% | Add +22.4% | 12,741 | $1.3M |
| Voleon Capital Management LP | 0.03% | Add +141.4% | 12,426 | $1.3M |
| MML Investors Services, LLC | 0.00% | Add +22.5% | 12,174 | $1.3M |
| Yousif Capital Management, LLC | 0.01% | Reduce -16.8% | 11,846 | $1.2M |
| Marks Group Wealth Management, Inc | 0.11% | No change | 11,830 | $1.2M |
| Ironwood Investment Management LLC | 0.53% | Reduce -0.2% | 11,603 | $1.2M |
| Arizona State Retirement System | 0.01% | Add +1.3% | 11,226 | $1.2M |
| Vontobel Holding Ltd. | 0.00% | Add +64.3% | 11,081 | $1.2M |
| Prescott Group Capital Management, L.L.C. | 0.12% | No change | 11,000 | $1.1M |
| First Financial Bankshares Inc | 0.02% | New | 11,000 | $1.1M |
| Amalgamated Bank | 0.01% | Add +0.2% | 10,834 | $1.1M |
| Blair William & Co. | 0.00% | Add +30.1% | 10,765 | $1.1M |
| Teachers Retirement System of the State of Kentucky | 0.01% | No change | 10,716 | $1.1M |
| Headlands Technologies LLC | 0.09% | Add +471.4% | 10,559 | $1.1M |
| Police & Firemen's Retirement System of New Jersey | 0.01% | Add +21.3% | 10,548 | $1.1M |
| Susquehanna International Group, LLP | 0.00% | Reduce -80.8% | 10,428 | $1.1M |
| Creative Planning | 0.00% | Reduce -43.8% | 10,401 | $1.1M |
| Stratos Wealth Partners, LTD. | 0.01% | Reduce -35.1% | 9,904 | $1.0M |
| Handelsbanken Fonder AB | 0.00% | No change | 9,900 | $1.0M |
| Commonwealth of Pennsylvania Public School Empls Retrmt SYS | 0.01% | Reduce -1.0% | 9,654 | $1.0M |
| Linden Thomas Advisory Services, LLC | 0.10% | Add +0.0% | 9,557 | $995K |
| Abn Amro Investment Solutions | 0.02% | New | 9,541 | $994K |
| Pathstone Holdings, LLC | 0.00% | Reduce -57.3% | 9,528 | $992K |
| State Board of Administration of Florida Retirement System | 0.00% | Reduce -0.2% | 9,089 | $947K |
| Daiwa Securities Group Inc. | 0.00% | Reduce -34.6% | 9,003 | $938K |
| LBP Am SA | 0.01% | Add +8.5% | 8,858 | $922K |
| Trust Point Inc. | 0.07% | Add +2.1% | 8,552 | $891K |
| Oregon Public Employees Retirement Fund | 0.01% | Reduce -2.3% | 8,503 | $886K |
| Bank of Montreal | 0.00% | Reduce -66.1% | 8,262 | $860K |
| Accredited Investors Inc. | 0.05% | Add +3.4% | 8,177 | $852K |
| Alliance Wealth Advisors, LLC | 0.20% | Reduce -0.3% | 8,135 | $847K |
| Schonfeld Strategic Advisors LLC | 0.01% | New | 7,926 | $825K |
| KLP Kapitalforvaltning As | 0.00% | No change | 7,900 | $823K |
| Bessemer Group Inc. | 0.00% | Add +1182.5% | 7,862 | $819K |
| Entropy Technologies, LP | 0.06% | New | 7,705 | $802K |
| Vanguard Personalized Indexing Management, LLC | 0.01% | Reduce -19.8% | 7,658 | $798K |
| First Trust Advisors LP | 0.00% | Reduce -25.0% | 7,603 | $792K |
| Legato Capital Management LLC | 0.08% | Reduce -3.6% | 7,444 | $775K |
| Truist Financial Corp. | 0.00% | Reduce -31.7% | 7,322 | $762K |
| Two Sigma Securities, LLC | 0.11% | Add +176.3% | 7,298 | $760K |
| Ensign Peak Advisors, Inc | 0.00% | Reduce -49.6% | 7,225 | $752K |
| Amica Mutual Insurance Co. | 0.07% | No change | 7,224 | $752K |
| Quantinno Capital Management LP | 0.00% | Reduce -35.2% | 7,177 | $747K |
| ProShare Advisors LLC | 0.00% | Reduce -15.6% | 7,176 | $747K |
| Amundi | 0.00% | Add +7.7% | 6,773 | $726K |
| Level Four Advisory Services, LLC | 0.02% | Add +9.9% | 6,903 | $719K |
| Gotham Asset Management | 0.00% | Add +23.3% | 6,859 | $714K |
| Mercer Global Advisors Inc. | 0.00% | Reduce -5.9% | 6,763 | $704K |
| Capstone Investment Advisors, LLC | 0.01% | New | 6,529 | $680K |
| Diversify Wealth Management, LLC | 0.04% | Add +2.8% | 8,029 | $663K |
| B. Metzler seel. Sohn & Co. AG | 0.01% | Reduce -27.5% | 6,224 | $648K |
| Victory Capital Management Inc. | 0.00% | Reduce -3.6% | 5,750 | $599K |
| Atria Investments, Inc | 0.01% | Reduce -36.5% | 5,746 | $598K |
| M&T Bank Corp | 0.00% | Reduce -15.0% | 5,598 | $583K |
| Norden Group LLC | 0.06% | Reduce -35.9% | 5,527 | $576K |
| Pictet Asset Management Holding SA | 0.00% | Reduce -14.3% | 5,511 | $574K |
| Maryland State Retirement & Pension System | 0.01% | Reduce -51.2% | 5,450 | $568K |
| Nicollet Investment Management, Inc. | 0.18% | Reduce -2.2% | 5,428 | $565K |
| Arkadios Wealth Advisors | 0.01% | Add +3.2% | 5,371 | $559K |
| South Dakota Investment Council | 0.01% | Reduce -7.0% | 5,300 | $552K |
| Bokf, NA | 0.01% | Add +0.3% | 5,104 | $532K |
| Bridgefront Capital, LLC | 0.15% | New | 4,989 | $520K |
| Teacher Retirement System of Texas | 0.00% | Reduce -88.0% | 4,977 | $518K |
| Graham Capital Management, L.P. | 0.03% | New | 4,805 | $500K |
| Inspire Advisors, LLC | 0.05% | Add +3.2% | 4,795 | $499K |
| PNC Financial Services Group, Inc. | 0.00% | Add +3.3% | 4,687 | $488K |
| Boothbay Fund Management, LLC | 0.01% | New | 4,617 | $481K |
| Portside Wealth Group, LLC | 0.07% | Reduce -22.8% | 4,571 | $476K |
| Woodline Partners LP | 0.00% | New | 4,554 | $474K |
| American Century Companies Inc. | 0.00% | Reduce -86.3% | 4,527 | $471K |
| Praxis Investment Management Inc. | 0.03% | No change | 4,400 | $458K |
| Inspire Investing, LLC | 0.04% | Add +52.5% | 4,358 | $454K |
| Aviva PLC | 0.00% | Add +30.7% | 4,352 | $453K |
| Yorktown Management & Research Co Inc | 0.36% | No change | 4,330 | $451K |
| Mutual of America Capital Management LLC | 0.00% | Reduce -13.0% | 4,246 | $442K |
| Keebeck Wealth Management | 0.05% | Add +139.1% | 4,218 | $439K |
| Moneta Group Investment Advisors LLC | 0.00% | Add +56.1% | 4,111 | $428K |
| Public Employees Retirement Association of Colorado | 0.00% | Reduce -94.1% | 4,101 | $427K |
| CIBC Bancorp USA Inc. | 0.00% | — | 4,063 | $423K |
| Diversified Trust Co. | 0.01% | New | 4,019 | $419K |
| Envestnet Portfolio Solutions, Inc. | 0.00% | Reduce -9.4% | 3,940 | $410K |
| Mirae Asset Global Investments Co., Ltd. | 0.00% | Reduce -2.2% | 3,930 | $409K |
| Park Avenue Securities LLC | 0.00% | Add +12.6% | 3,788 | $395K |
| Corient Private Wealth LP | 0.00% | Add +1.9% | 3,720 | $387K |
| Choreo, LLC | 0.01% | Reduce -3.9% | 3,716 | $387K |
| Great Lakes Advisors, LLC | 0.00% | Reduce -9.8% | 3,617 | $377K |
| Smith Group Asset Management, LLC | 0.02% | Add +2.5% | 3,610 | $376K |
| Semanteon Capital Management, LP | 0.46% | Reduce -32.4% | 3,552 | $370K |
| &partners | 0.00% | Reduce -13.8% | 3,518 | $366K |
| Premier Fund Managers Ltd | 0.01% | No change | 3,452 | $363K |
| Aquatic Capital Management LLC | 0.01% | Reduce -5.8% | 3,464 | $361K |
| First Citizens Bank & Trust Co. | 0.01% | Reduce -6.5% | 3,459 | $360K |
| Rockefeller Capital Management L.P. | 0.00% | New | 3,446 | $359K |
| AlphaQuest LLC | 0.02% | Reduce -48.3% | 3,424 | $357K |
| Henshaw Capital LLC | 0.01% | Reduce -26.6% | 3,421 | $356K |
| Signaturefd, LLC | 0.01% | Add +141.2% | 3,403 | $354K |
| Equitable Trust Co. | 0.02% | New | 3,383 | $352K |
| Brevan Howard Capital Management LP | 0.01% | Reduce -60.8% | 3,366 | $351K |
| Apollo Management Holdings, L.P. | 0.01% | Add +300.1% | 3,349 | $349K |
| XTX Topco Ltd | 0.02% | Reduce -58.5% | 3,279 | $341K |
| Bank of Marin | 0.24% | New | 3,243 | $338K |
| Ameritas Investment Partners, Inc. | 0.01% | Reduce -18.2% | 3,184 | $332K |
| Freestone Grove Partners LP | 0.00% | Reduce -9.0% | 3,178 | $331K |
| Benjamin Edwards Inc. | 0.00% | Add +4.0% | 3,087 | $321K |
| Xponance LLC | 0.00% | Add +0.8% | 2,995 | $312K |
| Cynosure Group, LLC | 0.03% | No change | 2,988 | $311K |
| Quadrant Capital Group LLC | 0.01% | Reduce -24.3% | 2,912 | $303K |
| Focus Financial Network, Inc. | 0.01% | Reduce -22.1% | 2,782 | $290K |
| Pitcairn Co. | 0.02% | Add +21.5% | 2,715 | $283K |
| DC Investments Management, LLC | 0.12% | No change | 2,675 | $279K |
| NorthRock Partners, LLC | 0.00% | Add +23.8% | 2,463 | $256K |
| Shaker Investments LLC | 0.10% | Reduce -19.1% | 2,432 | $253K |
| FORA Capital, LLC | 0.04% | New | 2,410 | $251K |
| Intrust Bank NA | 0.02% | Reduce -50.0% | 2,409 | $251K |
| Angeles Wealth Management, LLC | 0.02% | Reduce -0.0% | 2,374 | $247K |
| Diversify Advisory Services, LLC | 0.01% | Add +2.4% | 2,959 | $244K |
| City Center Advisors, LLC | 0.24% | New | 2,336 | $243K |
| Mackenzie Financial Corp. | 0.00% | Add +1.6% | 2,336 | $243K |
| O'shaughnessy Asset Management, LLC | 0.00% | Reduce -25.5% | 2,309 | $240K |
| Sanctuary Advisors, LLC | 0.00% | Reduce -8.0% | 2,258 | $235K |
| King Luther Capital Management Corp. | 0.00% | Reduce -2.4% | 2,249 | $234K |
| Hardy Reed LLC | 0.02% | Reduce -19.9% | 2,200 | $229K |
| Evergreen Capital Management LLC | 0.01% | Reduce -34.2% | 2,182 | $227K |
| HighTower Advisors, LLC | 0.00% | Reduce -53.9% | 2,178 | $227K |
| Farringdon Capital, Ltd. | 0.06% | Reduce -33.4% | 2,156 | $225K |
| Wedbush Securities Inc. | 0.01% | New | 2,130 | $222K |
| Janney Montgomery Scott LLC | 0.00% | Add +6.1% | 2,100 | $219K |
| AE Wealth Management LLC | 0.00% | New | 2,047 | $213K |
| Alamar Capital Management, LLC | 0.11% | Add +33.3% | 2,000 | $208K |
| STRS Ohio | 0.00% | Reduce -44.4% | 2,000 | $208K |
| Mitsubishi UFJ Asset Management (UK) Ltd. | 0.10% | No change | 2,000 | $208K |
| New Age Alpha Advisors, LLC | 0.01% | Reduce -2.8% | 1,891 | $197K |
| Central Pacific Bank - Trust Division | 0.02% | Add +56.7% | 1,802 | $188K |
| State of Wyoming | 0.02% | Add +2.2% | 1,618 | $168K |
| Harel Insurance Investments & Financial Services Ltd. | 0.00% | Add +238.2% | 1,603 | $167K |
| Hantz Financial Services, Inc. | 0.00% | Reduce -62.2% | 1,504 | $157K |
| Principal Securities, Inc. | 0.00% | Reduce -13.1% | 1,494 | $156K |
| DekaBank Deutsche Girozentrale | 0.00% | No change | 1,442 | $148K |
| Fifth Third Bancorp | 0.00% | Add +3.6% | 1,282 | $134K |
| Nisa Investment Advisors, LLC | 0.00% | Reduce -18.1% | 1,263 | $132K |
| Parkside Financial Bank & Trust | 0.01% | Add +1.2% | 1,184 | $123K |
| Covestor Ltd | 0.07% | Add +32.9% | 1,175 | $123K |
| KBC Group NV | 0.00% | No change | 1,051 | $109K |
| Pacer Advisors, Inc. | 0.00% | Add +66.2% | 984 | $102K |
| Hilltop National Bank | 0.02% | Add +5.7% | 947 | $99K |
| Tower Research Capital LLC (TRC) | 0.00% | Reduce -85.3% | 920 | $96K |
| EverSource Wealth Advisors, LLC | 0.00% | Add +41.1% | 916 | $95K |
| Harbor Investment Advisory, LLC | 0.01% | Add +51.6% | 831 | $87K |
| Jones Financial Companies LLLP | 0.00% | Reduce -1.2% | 794 | $84K |
| Advisors Asset Management, Inc. | 0.00% | Add +69.8% | 786 | $82K |
| GAMMA Investing LLC | 0.00% | Reduce -11.2% | 763 | $79K |
| High Note Wealth, LLC | 0.02% | Reduce -0.8% | 716 | $78K |
| AdvisorNet Financial, Inc | 0.00% | No change | 673 | $70K |
| Federated Hermes, Inc. | 0.00% | Reduce -99.4% | 636 | $66K |
| Huntington National Bank | 0.00% | Reduce -4.3% | 627 | $65K |
| JNBA Financial Advisors | 0.01% | No change | 600 | $62K |
| Cwm, LLC | 0.00% | Reduce -65.0% | 557 | $58K |
| Amica Retiree Medical Trust | 0.08% | No change | 551 | $57K |
| Johnson Financial Group, Inc. | 0.00% | New | 543 | $57K |
| Danske Bank A/S | 0.00% | Reduce -47.3% | 500 | $52K |
| Pilgrim Partners Asia Pte Ltd | 0.02% | — | 460 | $48K |
| Northwestern Mutual Wealth Management Co. | 0.00% | Add +18.7% | 457 | $48K |
| Steward Partners Investment Advisory, LLC | 0.00% | Add +1779.2% | 451 | $47K |
| Park Place Capital Corp | 0.01% | Reduce -20.2% | 435 | $45K |
| Arax Advisory Partners | 0.00% | Add +586.4% | 405 | $42K |
| Trust Co. of Vermont | 0.00% | No change | 375 | $39K |
| CIBC Private Wealth Group LLC | 0.00% | No change | 360 | $37K |
| Advisory Services Network, LLC | 0.00% | New | 312 | $32K |
| Smartleaf Asset Management LLC | 0.00% | Add +16.9% | 297 | $31K |
| Harbour Investments, Inc. | 0.00% | Add +22.4% | 290 | $30K |
| Salomon & Ludwin, LLC | 0.00% | New | 264 | $28K |
| Blue Trust, Inc. | 0.00% | No change | 240 | $25K |
| CVA Family Office, LLC | 0.00% | Reduce -4.7% | 225 | $23K |
| SBI Securities Co., Ltd. | 0.00% | Reduce -0.9% | 215 | $22K |
| Parallel Advisors, LLC | 0.00% | Reduce -18.1% | 212 | $22K |
| Lanark Financial, Inc. | 0.00% | Add +33.8% | 206 | $21K |
| MassMutual Private Wealth & Trust, FSB | 0.00% | Reduce -37.0% | 199 | $21K |
| UMB Bank, n.a. | 0.00% | Reduce -7.5% | 196 | $20K |
| First Horizon Corp. | 0.00% | — | 193 | $20K |
| NewEdge Advisors, LLC | 0.00% | Reduce -12.4% | 176 | $18K |
| Caitlin John, LLC | 0.01% | New | 154 | $16K |
| Maseco LLP | 0.00% | No change | 140 | $15K |
| MAI Capital Management | 0.00% | Reduce -32.7% | 138 | $14K |
| CI Investments Inc. | 0.00% | Add +9.9% | 133 | $14K |
| Cullen/Frost Bankers, Inc. | 0.00% | Reduce -23.0% | 124 | $13K |
| Clearstead Advisors, LLC | 0.00% | Reduce -54.0% | 122 | $13K |
| Quarry LP | 0.00% | Reduce -78.2% | 113 | $12K |
| Mitsubishi UFJ Asset Management Co., Ltd. | 0.00% | No change | 110 | $11K |
| Westside Investment Management, Inc. | 0.00% | Add +100.0% | 110 | $11K |
| Versant Capital Management, Inc | 0.00% | Reduce -73.0% | 107 | $11K |
| Federation des caisses Desjardins du Quebec | 0.00% | No change | 100 | $10K |
| CX Institutional | 0.00% | No change | 90 | $9K |
| Key Financial Inc | 0.00% | No change | 82 | $8K |
| Rise Advisors, LLC | 0.00% | No change | 81 | $8K |
| Transamerica Financial Advisors, LLC | 0.00% | New | 73 | $8K |
| Spire Wealth Management | 0.00% | No change | 73 | $8K |
| Wealthspire Advisors, LLC | 0.00% | New | 72 | $8K |
| Allworth Financial LP | 0.00% | Reduce -67.4% | 71 | $7K |
| Golden State Wealth Management, LLC | 0.00% | No change | 67 | $7K |
| Bell Investment Advisors, Inc | 0.00% | Reduce -17.1% | 58 | $6K |
| Bare Financial Services, Inc | 0.00% | Add +14.6% | 55 | $6K |
| Hurley Capital, LLC | 0.00% | No change | 50 | $5K |
| Optiver Holding B.V. | 0.00% | Reduce -23.6% | 42 | $4K |
| Wolff Wiese Magana LLC | 0.00% | No change | 41 | $4K |
| Washington Trust Advisors, Inc. | 0.00% | No change | 41 | $4K |
| Bogart Wealth, LLC | 0.00% | No change | 39 | $4K |
| IFP Advisors, Inc | 0.00% | Add +34.5% | 39 | $4K |
| Farther Finance Advisors, LLC | 0.00% | Add +68.2% | 37 | $4K |
| Financial Network Wealth Advisors LLC | 0.00% | No change | 36 | $4K |
| Ancora Advisors LLC | 0.00% | No change | 35 | $4K |
| Private Trust Co. NA | 0.00% | Add +300.0% | 28 | $3K |
| Financial Perspectives, Inc | 0.00% | No change | 25 | $3K |
| Farmers & Merchants Investments Inc. | 0.00% | No change | 24 | $2K |
| Clearstead Trust, LLC | 0.00% | No change | 21 | $2K |
| Global Retirement Partners, LLC | 0.00% | Reduce -51.2% | 20 | $2K |
| MV Capital Management, Inc. | 0.00% | Add +700.0% | 16 | $2K |
| Country Trust Bank | 0.00% | New | 16 | $2K |
| Mather Group, Llc. | 0.00% | New | 16 | $2K |
| LRI Investments, LLC | 0.00% | No change | 16 | $2K |
| Bellevue Asset Management, LLC | 0.00% | No change | 15 | $2K |
| Wealth Watch Advisors, INC | 0.00% | New | 13 | $1K |
| Private Wealth Management Group, LLC | 0.00% | Reduce -73.5% | 13 | $1K |
| True Wealth Design, LLC | 0.00% | Add +200.0% | 12 | $1K |
| Crowley Wealth Management, Inc. | 0.00% | No change | 10 | $1K |
| J.Safra Asset Management Corp | 0.00% | Reduce -83.9% | 10 | $1K |
| Capital Advisors, Ltd. LLC | 0.00% | Reduce -86.4% | 6 | $1K |
| Simplex Trading, LLC | 0.00% | New | 11 | $1K |
| Kilter Group LLC | 0.00% | Reduce -55.0% | 9 | $938 |
| Westfuller Advisors, LLC | 0.00% | New | 8 | $783 |
| Globeflex Capital L P | 0.00% | Reduce -99.2% | 7 | $729 |
| Montag A & Associates Inc. | 0.00% | New | 6 | $625 |
| Assetmark, Inc. | 0.00% | Reduce -55.6% | 4 | $417 |
| Rossby Financial, LCC | 0.00% | New | 3 | $310 |
| Abound Wealth Management | 0.00% | No change | 2 | $209 |
| Essential Partners LLC | 0.00% | Reduce -97.3% | 2 | $208 |
| Root Financial Partners, LLC | 0.00% | New | 1 | $104 |
"% of holder's portfolio" is SPSC's weight in each manager's 13F, not the share of SPS Commerce Inc. the manager owns.