SPS CommerceSPSC
13F holders, Q4 2025 (December 31)At the end of Q4 2025, 367 institutions reported holding SPS Commerce Inc. (SPSC) in their 13F filings, down 36 from Q3 2025. 47 opened new positions and 90 sold out. The largest holders were BlackRock, Inc. ($509.6M), Vanguard Group Inc. ($439.0M) and State Street Corp. ($130.9M). 7 famous investors held it, including David E. Shaw (0.0% of D. E. Shaw & Co.'s portfolio), Ray Dalio (0.0% of Bridgewater Associates's portfolio) and Ken Griffin (0.0% of Citadel Advisors's portfolio).
- Company
- SPS Commerce Inc.
- CUSIP
- 78463M107
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q3 2025 → Q4 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 47 | $119.6M |
| Exits | 90 | $310.7M |
All 13F filers, Q3 2025 → Q4 2025: 5,243,445 shares bought and 6,462,035 shares sold, net −1,218,590 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 367 holders
| BlackRock, Inc. | 0.01% | Add +1.2% | 5,717,985 | $509.6M |
| Vanguard Group Inc. | 0.01% | Reduce -0.4% | 4,925,441 | $439.0M |
| State Street Corp. | 0.00% | Add +0.6% | 1,468,312 | $130.9M |
| Neuberger Berman Group LLC | 0.09% | Add +8.9% | 1,415,289 | $126.1M |
| UBS Group AG | 0.02% | Add +182.3% | 1,295,267 | $115.4M |
| Nordea Investment Management AB | 0.09% | Reduce -5.8% | 1,216,642 | $108.8M |
| Geode Capital Management, LLC | 0.01% | Add +0.2% | 971,395 | $86.6M |
| Bank of America Corp. | 0.01% | Add +142.1% | 967,188 | $86.2M |
| Morgan Stanley | 0.00% | Reduce -10.4% | 872,018 | $77.7M |
| Disciplined Growth Investors Inc. | 1.44% | Add +6.6% | 844,613 | $75.3M |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 0.08% | Add +33.2% | 739,762 | $65.9M |
| Goldman Sachs Group Inc. | 0.01% | Add +69.1% | 661,610 | $59.0M |
| FMR LLC | 0.00% | Add +3.7% | 651,109 | $58.0M |
| Conestoga Capital Advisors, LLC | 0.96% | Reduce -49.8% | 642,804 | $57.3M |
| Van Berkom & Associates Inc. | 1.59% | Add +23.8% | 616,886 | $55.0M |
| Norges Bank | 0.01% | — | 559,669 | $49.9M |
| Nomura Asset Management International Inc. | 0.07% | — | 546,640 | $48.7M |
| Charles Schwab Investment Management Inc. | 0.01% | Reduce -0.8% | 488,821 | $43.6M |
| Riverbridge Partners LLC | 0.80% | Add +2.0% | 480,824 | $42.9M |
| JPMorgan Chase & Co. | 0.00% | Add +2.9% | 478,503 | $42.6M |
| D. E. Shaw & Co. | 0.03% | Add +46.8% | 452,519 | $40.3M |
| Irenic Capital Management LP | 5.57% | New | 452,066 | $40.3M |
| Northern Trust Corp. | 0.01% | Reduce -10.5% | 452,052 | $40.3M |
| Dimensional Fund Advisors LP | 0.01% | Reduce -10.9% | 430,296 | $38.4M |
| American Capital Management Inc. | 1.21% | Add +8.2% | 306,786 | $27.3M |
| Nomura Holdings Inc. | 0.08% | New | 303,914 | $27.1M |
| Voloridge Investment Management, LLC | 0.09% | Add +6.4% | 286,760 | $25.6M |
| Geneva Capital Management LLC | 0.47% | Reduce -41.4% | 281,354 | $25.1M |
| Bank of New York Mellon Corp | 0.00% | Reduce -5.2% | 274,413 | $24.5M |
| Public Sector Pension Investment Board | 0.08% | Add +85.0% | 273,605 | $24.4M |
| Nuveen, LLC | 0.01% | Add +3.8% | 268,151 | $23.9M |
| Citadel Advisors | 0.02% | New | 263,042 | $23.4M |
| Barclays PLC | 0.01% | Add +51.5% | 259,426 | $23.1M |
| Ameriprise Financial Inc. | 0.01% | Reduce -14.0% | 256,727 | $22.9M |
| Federated Hermes, Inc. | 0.04% | Add +38429.3% | 245,046 | $21.8M |
| BNP Paribas Financial Markets | 0.01% | Add +51.1% | 244,529 | $21.8M |
| FIL Ltd | 0.02% | Add +105.8% | 235,669 | $21.0M |
| Principal Financial Group Inc. | 0.01% | Add +6.0% | 226,729 | $20.2M |
| Fort Washington Investment Advisors Inc. | 0.11% | Reduce -4.6% | 226,016 | $20.1M |
| T. Rowe Price Associates Inc. | 0.00% | Reduce -1.6% | 213,564 | $19.0M |
| Royal Bank of Canada | 0.00% | Reduce -23.1% | 209,657 | $18.7M |
| Silvercrest Asset Management Group LLC | 0.13% | Reduce -5.4% | 208,833 | $18.6M |
| Lazard Asset Management LLC | 0.03% | Reduce -19.5% | 208,699 | $18.6M |
| DF Dent & Co. Inc. | 0.26% | Reduce -14.6% | 202,771 | $18.1M |
| Local Pensions Partnership Investment Ltd | 0.29% | No change | 185,500 | $16.5M |
| Congress Asset Management Co. | 0.11% | Add +5.7% | 168,863 | $15.1M |
| Fenimore Asset Management Inc | 0.31% | Add +13.0% | 164,884 | $14.7M |
| Janus Henderson Group PLC | 0.01% | Add +54.7% | 156,453 | $13.9M |
| Invesco Ltd. | 0.00% | Add +20.6% | 133,027 | $11.9M |
| Glenmede Trust Co. NA | 0.05% | — | 128,676 | $11.5M |
| Summit Creek Advisors LLC | 1.80% | Reduce -5.0% | 128,100 | $11.4M |
| Legal & General Group Plc | 0.00% | Reduce -6.3% | 114,488 | $10.2M |
| Healthcare of Ontario Pension Plan Trust Fund | 0.02% | Add +534.9% | 113,143 | $10.1M |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.01% | Add +10.8% | 109,076 | $9.7M |
| Allspring Global Investments Holdings, LLC | 0.02% | Add +13.4% | 105,950 | $9.3M |
| Rhumbline Advisers | 0.01% | Reduce -3.9% | 103,663 | $9.2M |
| Brown Capital Management LLC | 0.74% | Reduce -53.3% | 101,560 | $9.1M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | Add +2.4% | 100,795 | $9.0M |
| Fred Alger Management, LLC | 0.04% | Reduce -42.9% | 100,037 | $8.9M |
| Bessemer Group Inc. | 0.01% | Add +1149.2% | 98,208 | $8.8M |
| Canada Pension Plan Investment Board | 0.01% | Reduce -22.8% | 88,960 | $7.9M |
| Comerica Bank | 0.03% | Reduce -29.4% | 86,035 | $7.7M |
| Verition Fund Management LLC | 0.04% | Add +165.4% | 84,970 | $7.6M |
| Sei Investments Co. | 0.01% | Reduce -21.3% | 84,941 | $7.6M |
| Lightrock Netherlands B.V. | 1.53% | New | 82,898 | $7.4M |
| Voleon Capital Management LP | 0.16% | Add +566.5% | 82,824 | $7.4M |
| Alliancebernstein L.P. | 0.00% | Reduce -2.8% | 78,866 | $7.0M |
| LPL Financial LLC | 0.00% | Reduce -6.9% | 77,720 | $6.9M |
| Deutsche Bank AG | 0.00% | Reduce -44.2% | 75,221 | $6.7M |
| Swiss National Bank | 0.00% | Add +1.6% | 74,800 | $6.7M |
| Envestnet Asset Management Inc. | 0.00% | Reduce -58.0% | 71,007 | $6.3M |
| Edgestream Partners, L.P. | 0.18% | Add +12.6% | 70,454 | $6.3M |
| HERALD INVESTMENT MANAGEMENT Ltd | 0.81% | Add +27.3% | 70,000 | $6.2M |
| California Public Employees Retirement System | 0.00% | Add +4.2% | 67,723 | $6.0M |
| Select Equity Group, L.P. | 0.03% | Add +1.3% | 66,972 | $6.0M |
| Bridgewater Associates | 0.02% | Add +124.9% | 65,572 | $5.8M |
| Nicholas Company, Inc. | 0.10% | Add +9.3% | 64,418 | $5.7M |
| Montrusco Bolton Investments Inc. | 0.07% | Add +28.2% | 63,300 | $5.6M |
| CANADA LIFE ASSURANCE Co | 0.01% | Reduce -12.1% | 62,131 | $5.5M |
| Russell Investments Group, Ltd. | 0.01% | Add +3.5% | 61,023 | $5.4M |
| Renaissance Group LLC | 0.21% | Reduce -21.3% | 59,941 | $5.3M |
| AQR Capital Management | 0.00% | Add +151.7% | 56,868 | $5.1M |
| Prudential Financial Inc. | 0.01% | Reduce -4.2% | 55,219 | $4.9M |
| Grandeur Peak Global Advisors, LLC | 0.61% | Reduce -49.5% | 50,675 | $4.5M |
| Sovereign's Capital Management, LLC | 2.72% | Add +219.0% | 50,327 | $4.5M |
| Palisades Investment Partners, LLC | 1.69% | Add +2.1% | 50,192 | $4.5M |
| Wells Fargo & Company | 0.00% | Reduce -55.6% | 45,791 | $4.1M |
| Marshall Wace, LLP | 0.00% | Add +123.1% | 45,078 | $4.0M |
| Osaic Holdings, Inc. | 0.01% | Reduce -14.9% | 45,052 | $4.0M |
| Jane Street Group, LLC | 0.00% | Reduce -56.7% | 43,013 | $3.8M |
| Holocene Advisors, LP | 0.01% | Reduce -14.3% | 42,809 | $3.8M |
| Lombard Odier Asset Management (Europe) Ltd | 0.27% | Reduce -38.5% | 40,493 | $3.6M |
| Raymond James Financial Inc. | 0.00% | Reduce -46.4% | 40,442 | $3.6M |
| EVR Research LP | 1.92% | New | 40,000 | $3.6M |
| SG Americas Securities, LLC | 0.00% | Add +205.3% | 39,753 | $3.5M |
| New York State Common Retirement Fund | 0.00% | No change | 39,417 | $3.5M |
| Agf Management Ltd. | 0.01% | New | 38,346 | $3.4M |
| Assenagon Asset Management S.A. | 0.00% | Reduce -23.2% | 36,987 | $3.3M |
| California State Teachers Retirement System | 0.00% | Reduce -0.1% | 36,141 | $3.2M |
| Buckhead Capital Management LLC | 1.08% | Reduce -6.0% | 33,793 | $3.0M |
| Two Sigma Investments, LP | 0.00% | Reduce -66.6% | 33,378 | $3.0M |
| Westerly Capital Management, LLC | 0.80% | New | 30,000 | $2.7M |
| Franklin Resources Inc. | 0.00% | Reduce -84.2% | 29,167 | $2.6M |
| Creative Planning | 0.00% | Add +175.3% | 28,632 | $2.6M |
| Granahan Investment Management, LLC | 0.11% | Reduce -92.9% | 28,004 | $2.5M |
| Cresset Asset Management, LLC | 0.01% | Add +0.6% | 27,587 | $2.5M |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 0.00% | Add +10.0% | 27,520 | $2.5M |
| State of New Jersey Common Pension Fund D | 0.01% | Add +46.1% | 27,424 | $2.4M |
| Amundi | 0.00% | Add +295.5% | 26,786 | $2.4M |
| Hillsdale Investment Management Inc. | 0.06% | Reduce -37.0% | 26,100 | $2.3M |
| Thrivent Financial for Lutherans | 0.00% | Reduce -5.3% | 25,911 | $2.3M |
| Intech Investment Management LLC | 0.02% | Reduce -11.3% | 25,472 | $2.3M |
| Quantbot Technologies LP | 0.07% | Reduce -53.2% | 25,129 | $2.2M |
| Walleye Capital LLC | 0.01% | Reduce -80.8% | 24,749 | $2.2M |
| Bridge City Capital, LLC | 0.63% | Reduce -14.7% | 24,072 | $2.1M |
| Qube Research & Technologies Ltd | 0.00% | Reduce -78.8% | 23,337 | $2.1M |
| Jain Global LLC | 0.02% | Reduce -4.5% | 21,332 | $1.9M |
| State of Alaska, Department of Revenue | 0.02% | Add +0.6% | 20,986 | $1.9M |
| MetLife Investment Management, LLC | 0.01% | Reduce -5.8% | 20,955 | $1.9M |
| Numerai GP LLC | 0.22% | Reduce -64.9% | 20,779 | $1.9M |
| Illinois Municipal Retirement Fund | 0.02% | Add +0.6% | 19,973 | $1.8M |
| VELA Investment Management, LLC | 0.48% | New | 19,577 | $1.7M |
| Oppenheimer Asset Management Inc. | 0.02% | Reduce -20.7% | 18,983 | $1.7M |
| State of Wisconsin Investment Board | 0.00% | Reduce -9.8% | 18,838 | $1.7M |
| Manufacturers Life Insurance Company, The | 0.00% | Reduce -3.9% | 18,786 | $1.7M |
| Man Group plc | 0.00% | Reduce -60.4% | 18,556 | $1.7M |
| Dana Investment Advisors, Inc. | 0.05% | Add +27.4% | 18,140 | $1.6M |
| Jump Financial, LLC | 0.02% | Reduce -62.2% | 18,128 | $1.6M |
| Sterling Capital Management LLC | 0.03% | Add +0.9% | 18,001 | $1.6M |
| Quadrature Capital Ltd | 0.02% | New | 17,489 | $1.6M |
| State of Tennessee, Department of Treasury | 0.01% | Add +1.0% | 17,442 | $1.6M |
| Public Employees Retirement System of Ohio | 0.00% | Add +0.2% | 17,411 | $1.6M |
| Louisiana State Employees Retirement System | 0.03% | Reduce -0.6% | 17,300 | $1.5M |
| Van Hulzen Asset Management, LLC | 0.11% | Reduce -23.5% | 16,973 | $1.5M |
| Handelsbanken Fonder AB | 0.00% | Add +61.6% | 16,000 | $1.4M |
| US Bancorp \de | 0.00% | Reduce -37.1% | 15,494 | $1.4M |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.00% | Add +18.8% | 15,135 | $1.3M |
| Citigroup Inc. | 0.00% | Reduce -5.5% | 14,508 | $1.3M |
| Johnson Investment Counsel Inc. | 0.01% | Reduce -47.9% | 14,355 | $1.3M |
| Vontobel Holding Ltd. | 0.00% | Add +26.0% | 13,958 | $1.2M |
| Zions Bancorporation, National Association | 0.06% | Reduce -10.8% | 13,762 | $1.2M |
| Abn Amro Investment Solutions | 0.02% | Add +42.6% | 13,605 | $1.2M |
| Headlands Technologies LLC | 0.10% | Add +25.0% | 13,194 | $1.2M |
| Alberta Investment Management Corp | 0.01% | New | 12,900 | $1.1M |
| New York State Teachers Retirement System | 0.00% | No change | 12,828 | $1.1M |
| E. Ohman J:or Asset Management AB | 0.03% | No change | 12,810 | $1.1M |
| Quantinno Capital Management LP | 0.00% | Add +73.9% | 12,478 | $1.1M |
| Legato Capital Management LLC | 0.09% | Add +66.2% | 12,373 | $1.1M |
| ExodusPoint Capital Management, LP | 0.01% | New | 12,373 | $1.1M |
| HSBC Holdings PLC | 0.00% | New | 12,324 | $1.1M |
| Marks Group Wealth Management, Inc | 0.10% | No change | 11,830 | $1.1M |
| Laurus Global Equity Management Inc. | 0.83% | Reduce -26.1% | 11,470 | $1.0M |
| Ironwood Investment Management LLC | 0.42% | Reduce -2.4% | 11,330 | $1.0M |
| Amalgamated Bank | 0.01% | Add +1.7% | 11,020 | $982K |
| Prescott Group Capital Management, L.L.C. | 0.09% | No change | 11,000 | $980K |
| Captrust Financial Advisors | 0.00% | Reduce -18.0% | 10,851 | $967K |
| Tudor Investment Corporation | 0.01% | Reduce -84.7% | 10,798 | $962K |
| Arizona State Retirement System | 0.01% | Reduce -6.4% | 10,508 | $937K |
| QSV Equity Investors LLC | 1.36% | New | 10,300 | $918K |
| Yousif Capital Management, LLC | 0.01% | Reduce -14.0% | 10,185 | $908K |
| Y-Intercept (Hong Kong) Ltd | 0.02% | Reduce -78.6% | 10,146 | $904K |
| Victory Capital Management Inc. | 0.00% | Add +75.8% | 10,110 | $901K |
| Police & Firemen's Retirement System of New Jersey | 0.01% | Reduce -4.2% | 10,103 | $900K |
| PensionDanmark Pensionsforsikringsaktieselskab | 0.01% | — | 10,000 | $891K |
| Millennium Management | 0.00% | Reduce -86.1% | 9,659 | $861K |
| Teachers Retirement System of the State of Kentucky | 0.01% | Reduce -12.2% | 9,414 | $839K |
| Commonwealth of Pennsylvania Public School Empls Retrmt SYS | 0.00% | Reduce -3.3% | 9,335 | $832K |
| Trust Point Inc. | 0.06% | Add +6.5% | 9,112 | $812K |
| State Board of Administration of Florida Retirement System | 0.00% | No change | 9,089 | $810K |
| Kennedy Capital Management LLC | 0.02% | Reduce -70.1% | 9,058 | $807K |
| Linden Thomas Advisory Services, LLC | 0.08% | Reduce -6.7% | 8,919 | $795K |
| Cetera Investment Advisers | 0.00% | Reduce -47.3% | 8,893 | $793K |
| Laurion Capital Management LP | 0.05% | New | 8,678 | $773K |
| Oregon Public Employees Retirement Fund | 0.01% | Add +1.2% | 8,603 | $767K |
| Diversify Wealth Management, LLC | 0.04% | Add +3.1% | 8,276 | $761K |
| Stifel Financial Corp. | 0.00% | Reduce -66.8% | 8,471 | $755K |
| KLP Kapitalforvaltning As | 0.00% | Add +2.5% | 8,100 | $722K |
| Accredited Investors Inc. | 0.04% | Reduce -3.3% | 7,909 | $705K |
| Amica Mutual Insurance Co. | 0.06% | Add +8.9% | 7,864 | $701K |
| Woodline Partners LP | 0.00% | Add +68.8% | 7,685 | $685K |
| ProShare Advisors LLC | 0.00% | Add +3.2% | 7,405 | $660K |
| Bank of Montreal | 0.00% | Reduce -14.7% | 7,045 | $628K |
| Vanguard Personalized Indexing Management, LLC | 0.01% | Reduce -9.3% | 6,943 | $619K |
| Voya Investment Management LLC | 0.00% | Reduce -74.1% | 6,886 | $614K |
| VIRGINIA RETIREMENT SYSTEMS ET Al | 0.00% | New | 6,800 | $606K |
| Susquehanna International Group, LLP | 0.00% | Reduce -38.5% | 6,415 | $572K |
| B. Metzler seel. Sohn & Co. AG | 0.00% | Add +0.1% | 6,229 | $555K |
| Aviva PLC | 0.00% | Add +33.9% | 5,828 | $519K |
| Pathstone Holdings, LLC | 0.00% | Reduce -40.0% | 5,722 | $510K |
| FORA Capital, LLC | 0.06% | Add +129.3% | 5,526 | $493K |
| Maryland State Retirement & Pension System | 0.01% | Add +1.1% | 5,511 | $491K |
| Pictet Asset Management Holding SA | 0.00% | No change | 5,511 | $491K |
| Cynosure Group, LLC | 0.05% | Add +81.7% | 5,430 | $484K |
| Arkadios Wealth Advisors | 0.01% | Reduce -1.3% | 5,302 | $473K |
| Inspire Investing, LLC | 0.04% | Add +20.1% | 5,233 | $466K |
| Bank of Nova Scotia | 0.00% | New | 5,056 | $451K |
| Choreo, LLC | 0.01% | Add +33.0% | 4,941 | $449K |
| South Dakota Investment Council | 0.01% | Reduce -7.5% | 4,900 | $437K |
| Inspire Advisors, LLC | 0.04% | Add +1.5% | 4,865 | $434K |
| Alliance Wealth Advisors, LLC | 0.09% | Reduce -44.2% | 4,541 | $405K |
| Keebeck Wealth Management | 0.05% | Add +6.5% | 4,493 | $400K |
| Praxis Investment Management Inc. | 0.02% | No change | 4,400 | $392K |
| American Century Companies Inc. | 0.00% | Reduce -3.4% | 4,375 | $390K |
| Gotham Asset Management | 0.00% | Reduce -36.7% | 4,340 | $387K |
| Yorktown Management & Research Co Inc | 0.31% | No change | 4,330 | $386K |
| Mutual of America Capital Management LLC | 0.00% | Add +1.5% | 4,310 | $384K |
| Mirae Asset Global Investments Co., Ltd. | 0.00% | Add +8.5% | 4,264 | $380K |
| Rockefeller Capital Management L.P. | 0.00% | Add +20.3% | 4,145 | $369K |
| Public Employees Retirement Association of Colorado | 0.00% | No change | 4,101 | $366K |
| PNC Financial Services Group, Inc. | 0.00% | Reduce -13.1% | 4,071 | $363K |
| Blair William & Co. | 0.00% | Reduce -62.7% | 4,013 | $358K |
| Callan Family Office, LLC | 0.01% | New | 3,915 | $349K |
| Envestnet Portfolio Solutions, Inc. | 0.00% | Reduce -1.1% | 3,896 | $347K |
| Bokf, NA | 0.01% | Reduce -24.7% | 3,845 | $343K |
| Wealth Enhancement Advisory Services, LLC | 0.00% | New | 3,538 | $324K |
| Smith Group Asset Management, LLC | 0.02% | Reduce -0.0% | 3,609 | $322K |
| MML Investors Services, LLC | 0.00% | Reduce -70.4% | 3,606 | $321K |
| First Citizens Bank & Trust Co. | 0.01% | Reduce -1.7% | 3,401 | $303K |
| Diversify Advisory Services, LLC | 0.01% | Add +12.2% | 3,320 | $299K |
| Apollo Management Holdings, L.P. | 0.00% | No change | 3,349 | $298K |
| Brooklyn Investment Group | 0.01% | New | 3,210 | $295K |
| Signaturefd, LLC | 0.00% | Reduce -5.5% | 3,217 | $287K |
| DekaBank Deutsche Girozentrale | 0.00% | No change | 1,442 | $285K |
| City Center Advisors, LLC | 0.26% | Add +36.8% | 3,196 | $285K |
| Ameritas Investment Partners, Inc. | 0.01% | No change | 3,184 | $284K |
| XTX Topco Ltd | 0.01% | Reduce -5.5% | 3,098 | $276K |
| McMorgan & Co. LLC | 0.05% | Reduce -85.7% | 3,068 | $273K |
| Xponance LLC | 0.00% | Add +0.1% | 2,999 | $267K |
| Centiva Capital, LP | 0.02% | New | 2,897 | $258K |
| Profund Advisors LLC | 0.01% | New | 2,864 | $255K |
| Prelude Capital Management, LLC | 0.02% | New | 2,847 | $254K |
| Argos Wealth Advisors, LLC | 0.07% | — | 2,773 | $247K |
| Brevan Howard Capital Management LP | 0.01% | Reduce -18.5% | 2,743 | $244K |
| Arrowstreet Capital, Limited Partnership | 0.00% | Reduce -91.9% | 2,700 | $241K |
| Ensign Peak Advisors, Inc | 0.00% | Reduce -63.0% | 2,675 | $238K |
| AE Wealth Management LLC | 0.00% | Add +29.3% | 2,646 | $236K |
| Unified Investment Management | 0.24% | New | 2,640 | $235K |
| Great Lakes Advisors, LLC | 0.00% | Reduce -27.1% | 2,638 | $235K |
| Alamar Capital Management, LLC | 0.13% | Add +30.0% | 2,600 | $232K |
| Sanctuary Advisors, LLC | 0.00% | Add +14.5% | 2,586 | $230K |
| Angeles Wealth Management, LLC | 0.01% | Add +7.4% | 2,549 | $227K |
| Cibc World Markets Corp. | 0.00% | — | 2,521 | $225K |
| Harel Insurance Investments & Financial Services Ltd. | 0.00% | Add +55.8% | 2,498 | $223K |
| Cwm, LLC | 0.00% | Add +349.4% | 2,503 | $223K |
| Mercer Global Advisors Inc. | 0.00% | Reduce -63.4% | 2,474 | $221K |
| Mackenzie Financial Corp. | 0.00% | Add +2.5% | 2,395 | $217K |
| Norden Group LLC | 0.02% | Reduce -56.0% | 2,433 | $217K |
| Portside Wealth Group, LLC | 0.03% | Reduce -47.5% | 2,400 | $214K |
| EP Wealth Advisors, LLC | 0.00% | — | 2,356 | $210K |
| Two Sigma Securities, LLC | 0.03% | Reduce -68.0% | 2,338 | $208K |
| Evergreen Capital Management LLC | 0.00% | Add +7.1% | 2,337 | $208K |
| Focus Financial Network, Inc. | 0.01% | Reduce -16.2% | 2,332 | $208K |
| Truist Financial Corp. | 0.00% | Reduce -68.4% | 2,314 | $206K |
| Atria Investments, Inc | 0.00% | Reduce -60.1% | 2,290 | $204K |
| Journey Strategic Wealth LLC | 0.01% | New | 2,263 | $202K |
| AlphaQuest LLC | 0.01% | Reduce -36.1% | 2,189 | $195K |
| STRS Ohio | 0.00% | No change | 2,000 | $178K |
| Tower Research Capital LLC (TRC) | 0.00% | Add +109.5% | 1,927 | $172K |
| Eurizon Capital SGR S.p.A. | 0.00% | — | 1,874 | $168K |
| State of Wyoming | 0.02% | Add +10.8% | 1,792 | $160K |
| Whittier Trust Co. of Nevada Inc. | 0.00% | Reduce -88.7% | 1,608 | $147K |
| Parkside Financial Bank & Trust | 0.01% | Add +38.5% | 1,640 | $146K |
| Central Pacific Bank - Trust Division | 0.02% | Reduce -12.2% | 1,582 | $141K |
| Quadrant Capital Group LLC | 0.00% | Reduce -48.3% | 1,507 | $134K |
| Hantz Financial Services, Inc. | 0.00% | Reduce -9.5% | 1,361 | $121K |
| Advisors Asset Management, Inc. | 0.00% | Add +45.7% | 1,145 | $102K |
| Covestor Ltd | 0.05% | Reduce -2.9% | 1,141 | $102K |
| EverSource Wealth Advisors, LLC | 0.00% | Add +23.8% | 1,134 | $101K |
| KBC Group NV | 0.00% | No change | 1,051 | $94K |
| New Age Alpha Advisors, LLC | 0.00% | Reduce -45.4% | 1,032 | $92K |
| Fifth Third Bancorp | 0.00% | Reduce -19.5% | 1,032 | $92K |
| Pacer Advisors, Inc. | 0.00% | Reduce -7.6% | 909 | $81K |
| High Note Wealth, LLC | 0.02% | Add +1.3% | 725 | $79K |
| GAMMA Investing LLC | 0.00% | Add +6.2% | 810 | $72K |
| Whittier Trust Co. | 0.00% | Reduce -97.1% | 756 | $69K |
| Jones Financial Companies LLLP | 0.00% | Reduce -3.0% | 770 | $69K |
| AdvisorNet Financial, Inc | 0.00% | Add +5.0% | 707 | $63K |
| Hilltop National Bank | 0.01% | Reduce -30.6% | 657 | $59K |
| JNBA Financial Advisors | 0.00% | No change | 600 | $53K |
| Leonteq Securities AG | 0.00% | New | 589 | $52K |
| Nisa Investment Advisors, LLC | 0.00% | Reduce -53.5% | 587 | $52K |
| Park Place Capital Corp | 0.01% | Add +29.7% | 564 | $50K |
| Pinnacle Wealth Planning Services, Inc. | 0.00% | New | 511 | $46K |
| Summit Securities Group LLC | 0.01% | New | 500 | $45K |
| Danske Bank A/S | 0.00% | No change | 500 | $45K |
| Huntington National Bank | 0.00% | Reduce -24.2% | 475 | $42K |
| Pilgrim Partners Asia Pte Ltd | 0.02% | No change | 460 | $41K |
| Global Retirement Partners, LLC | 0.00% | Add +2130.0% | 446 | $40K |
| Steward Partners Investment Advisory, LLC | 0.00% | Reduce -1.6% | 444 | $40K |
| Northwestern Mutual Wealth Management Co. | 0.00% | Reduce -8.3% | 419 | $37K |
| Trust Co. of Vermont | 0.00% | No change | 375 | $33K |
| Arax Advisory Partners | 0.00% | Reduce -12.6% | 354 | $32K |
| UMB Bank, n.a. | 0.00% | Add +70.9% | 335 | $30K |
| Harbour Investments, Inc. | 0.00% | No change | 290 | $26K |
| CIBC Private Wealth Group LLC | 0.00% | Reduce -21.9% | 281 | $25K |
| Lanark Financial, Inc. | 0.00% | Add +36.4% | 281 | $25K |
| Salomon & Ludwin, LLC | 0.00% | Reduce -1.1% | 261 | $24K |
| Vega Investment Solutions | 0.00% | — | 264 | $24K |
| CVA Family Office, LLC | 0.00% | No change | 225 | $20K |
| Smartleaf Asset Management LLC | 0.00% | Reduce -30.3% | 207 | $19K |
| Los Angeles Capital Management LLC | 0.00% | New | 157 | $16K |
| Parallel Advisors, LLC | 0.00% | Reduce -16.5% | 177 | $16K |
| SBI Securities Co., Ltd. | 0.00% | Reduce -19.5% | 173 | $15K |
| Allworth Financial LP | 0.00% | Add +140.8% | 171 | $15K |
| Essential Partners LLC | 0.00% | Add +7750.0% | 157 | $14K |
| Bell Investment Advisors, Inc | 0.00% | Add +155.2% | 148 | $13K |
| Maseco LLP | 0.00% | No change | 140 | $12K |
| First Horizon Corp. | 0.00% | Reduce -28.5% | 138 | $12K |
| NewEdge Advisors, LLC | 0.00% | Reduce -22.7% | 136 | $12K |
| Private Wealth Management Group, LLC | 0.00% | Add +846.1% | 123 | $11K |
| Versant Capital Management, Inc | 0.00% | Add +11.2% | 119 | $11K |
| Mitsubishi UFJ Asset Management Co., Ltd. | 0.00% | No change | 110 | $10K |
| Farther Finance Advisors, LLC | 0.00% | Add +186.5% | 106 | $9K |
| IFP Advisors, Inc | 0.00% | Add +161.5% | 102 | $9K |
| Assetmark, Inc. | 0.00% | Add +2425.0% | 101 | $9K |
| Federation des caisses Desjardins du Quebec | 0.00% | No change | 100 | $9K |
| MAI Capital Management | 0.00% | Reduce -28.3% | 99 | $9K |
| Rothschild Investment LLC | 0.00% | New | 95 | $8K |
| Private Trust Co. NA | 0.00% | Add +235.7% | 94 | $8K |
| SageView Advisory Group, LLC | 0.00% | New | 91 | $8K |
| CX Institutional | 0.00% | No change | 90 | $8K |
| MassMutual Private Wealth & Trust, FSB | 0.00% | Reduce -57.8% | 84 | $7K |
| Simplex Trading, LLC | 0.00% | Add +663.6% | 84 | $7K |
| Meramec Financial Planners, LLC | 0.00% | — | 66 | $5K |
| International Assets Investment Management, LLC | 0.00% | New | 54 | $5K |
| Key Financial Inc | 0.00% | Reduce -35.4% | 53 | $5K |
| Hurley Capital, LLC | 0.00% | No change | 50 | $4K |
| Torren Management, LLC | 0.00% | — | 46 | $4K |
| Strengthening Families & Communities, LLC | 0.00% | New | 38 | $3K |
| Brown Brothers Harriman & Co. | 0.00% | New | 37 | $3K |
| Financial Network Wealth Advisors LLC | 0.00% | No change | 36 | $3K |
| CBIZ Investment Advisory Services, LLC | 0.00% | New | 36 | $3K |
| Ancora Advisors LLC | 0.00% | No change | 35 | $3K |
| Bare Financial Services, Inc | 0.00% | Reduce -40.0% | 33 | $3K |
| MV Capital Management, Inc. | 0.00% | Add +87.5% | 30 | $3K |
| Financial Perspectives, Inc | 0.00% | No change | 25 | $2K |
| Farmers & Merchants Investments Inc. | 0.00% | No change | 24 | $2K |
| Spire Wealth Management | 0.00% | Reduce -67.1% | 24 | $2K |
| Rossby Financial, LCC | 0.00% | Add +533.3% | 19 | $2K |
| Tucker Asset Management LLC | 0.00% | New | 18 | $2K |
| Country Trust Bank | 0.00% | No change | 16 | $1K |
| Physician Wealth Advisors, Inc. | 0.00% | New | 15 | $1K |
| Bogart Wealth, LLC | 0.00% | Reduce -64.1% | 14 | $1K |
| Wealth Watch Advisors, INC | 0.00% | No change | 13 | $1K |
| Crewe Advisors LLC | 0.00% | New | 13 | $1K |
| Transamerica Financial Advisors, LLC | 0.00% | Reduce -83.6% | 12 | $1K |
| Godfrey Financial Associates, Inc. | 0.00% | — | 11 | $980 |
| J.Safra Asset Management Corp | 0.00% | No change | 10 | $891 |
| TD Private Client Wealth LLC | 0.00% | New | 8 | $713 |
| Ares Financial Consulting, LLC | 0.00% | — | 7 | $624 |
| Keating Financial Advisory Services, Inc. | 0.00% | — | 7 | $624 |
| Ankerstar Wealth, LLC | 0.00% | — | 6 | $535 |
| Bayforest Capital Ltd | 0.00% | New | 6 | $535 |
| Kilter Group LLC | 0.00% | Reduce -33.3% | 6 | $535 |
| Neo Ivy Capital Management | 0.00% | New | 6 | $534 |
| Flagship Harbor Advisors, LLC | 0.00% | New | 4 | $357 |
| SJS Investment Consulting Inc. | 0.00% | New | 3 | $268 |
| Abound Wealth Management | 0.00% | No change | 2 | $179 |
| Activest Wealth Management | 0.00% | New | 2 | $178 |
| Elyxium Wealth, LLC | 0.00% | New | 2 | $178 |
| Basecamp Wealth Advisors LLC | 0.00% | — | 2 | $178 |
| Cullen/Frost Bankers, Inc. | 0.00% | Reduce -99.2% | 1 | $91 |
| Gilpin Wealth Management, LLC | 0.00% | — | 1 | $90 |
| JFS Wealth Advisors, LLC | 0.00% | New | 1 | $90 |
| True Wealth Design, LLC | 0.00% | Reduce -91.7% | 1 | $90 |
| Larson Financial Group LLC | 0.00% | New | 1 | $89 |
| Dunhill Financial, LLC | 0.00% | New | 1 | $88 |
"% of holder's portfolio" is SPSC's weight in each manager's 13F, not the share of SPS Commerce Inc. the manager owns.