SPSC

SPS Commerce Inc Cross-source read$79.74 0.75%
Information TechnologyCUSIP 78463M107· EOD Sep 18, 2026

Among active 13F managers last quarter, 9 opened and 32 added, while 14 reduced; the largest holder to move was Disciplined Growth Investors Inc (+162%). Over the last 180 days, 1 insider sold and none bought, a net -$115K in open-market trades.

Tracked 13F holders
284
131 in Q2 2026 filings
13F value (tracked)
$2.2B
Smart-money readMixed
Net sellingNet buying
Funds · active managers, latest 13F
41 adding · 14 trimming
Insiders · Form 4 open-market, 180d
0 buying · 1 selling · -$115K
US House · STOCK Act, 180d
0 buying · 0 selling

The legs disagree, or only one of them leans.

Price & smart-money activity

$79.74 0.75%5Y -47.0%
$38.51$84.40$130.30$176.19$222.082021202220232024202520263951144259514752415415515016475490575794868466740576470746148462148069593964910894103861021169012714979452483
Hover for who · click for detailEnd-of-day closing prices52w $49.91 – $113.04

Who owns SPSC?

284 tracked 13F filers · ranked by shares held

284 tracked 13F filers disclose a position in SPSC as of the latest SEC 13F filings, a combined $2.2B in reported value. Holders and values reflect the 13F filers Arkolith currently tracks, not the entire institutional universe. Counts and totals are a floor, not the full institutional ownership.

#FundSharesPosition valueLast moveAs ofHistory
1BlackRock, Inc.5.9M
$339.3M
+1.8%
Added · +106K sh
Q2 2026
2Vanguard Portfolio Management LLC2.9M
$166.6M
−1.5%
Reduced · −44K sh
Q2 2026
3Disciplined Growth Investors Inc2.1M
$121.4M
+162%
Added · +1.3M sh
Q2 2026
4Neuberger Berman Group LLC1.8M
$99.7M
+26%
Added · +375K sh
Q1 2026
5Vanguard Capital Management LLC1.6M
$91.4M
−5.9%
Reduced · −100K sh
Q2 2026
6State Street Corp1.5M
$88.4M
+3.0%
Added · +46K sh
Q2 2026
7Geode Capital Management, LLC1.3M
$72.4M
+27%
Added · +268K sh
Q2 2026
8Goldman Sachs Group Inc1.1M
$59.5M
+62%
Added · +408K sh
Q1 2026
9Bank Of America Corp999K
$55.6M
+3.3%
Added · +31K sh
Q1 2026
10Morgan Stanley961K
$53.5M
+10%
Added · +89K sh
Q1 2026
11Engine Capital Management, LP916K
$52.4M
New
+916K sh
Q2 2026
12Citadel Advisors LLC914K
$52.2M
+0.1%
Added · +628 sh
Q2 2026
13Invenomic Capital Management LP869K
$49.7M
+229%
Added · +605K sh
Q2 2026
14Anson Funds Management LP745K
$42.6M
+30%
Added · +170K sh
Q2 2026
15Federated Hermes, Inc.739K
$41.1M
+202%
Added · +494K sh
Q1 2026
16BNP Paribas Asset Management Holding S.A.710K
$39.5M
−4.0%
Reduced · −29K sh
Q1 2026
17Lightrock Netherlands B.V.613K
$35.1M
+39%
Added · +172K sh
Q2 2026
18Irenic Capital Management LP598K
$34.2M
Held
Q2 2026
19Norges Bank560K
$49.9M
+32%
Added · +137K sh
Q4 2025
20Nordea Investment Management AB538K
$30.0M
−56%
Reduced · −679K sh
Q1 2026
21Dimensional Fund Advisors LP504K
$28.1M
+17%
Added · +74K sh
Q1 2026
22Charles Schwab Investment Management Inc501K
$27.9M
+2.5%
Added · +12K sh
Q1 2026
23D. E. Shaw & Co., Inc.491K
$27.3M
+8.5%
Added · +38K sh
Q1 2026
24Northern Trust Corp442K
$24.6M
−2.3%
Reduced · −10K sh
Q1 2026
25Arrowstreet Capital, Limited Partnership355K
$19.7M
131×
Added · +352K sh
Q1 2026

Holders and values reflect the 13F filers Arkolith currently tracks, not the entire institutional universe. Counts and totals are a floor, not the full institutional ownership.

Is SPSC being bought or sold by institutions?

Last quarter, 9 funds opened a new position in SPSC and 32 added to an existing one, while 14 reduced. Based on 13F filings from active, signal-eligible managers (passive index funds and other mechanical holders are excluded from this count).

Opened
9
funds took a first position
Added
32
added to an existing position
Reduced
14
reduced, still holding
Biggest moves · ranked by size of the change, positions above a floor

Funds that own SPSC also own

CompanyCo-held byTheir position there
Microsoft CorpMSFT145 funds$226.1B
Amazon.com IncAMZN140 funds$176.0B
Alphabet Inc-CL AGOOGL140 funds$152.1B
Apple IncAAPL139 funds$253.8B
Nvidia CorpNVDA137 funds$349.4B
Costco Wholesale CorpCOST136 funds$31.2B
Broadcom IncAVGO135 funds$143.3B
Meta Platforms Inc-Class AMETA135 funds$94.0B
Lam Research CorpLRCX134 funds$40.7B
Eli Lilly & CoLLY133 funds$72.2B
JPMorgan Chase & CoJPM133 funds$51.6B
Visa Inc-Class A SharesV133 funds$49.4B

Ranked by how many of SPSC's tracked holders also hold each name. The last column is those co-holders' combined reported position in that name, not in SPSC.

Insider activity (Form 4)

Full insider page →
Sells · 180d
$115K
1 insider
Net · 180d
-$115K
2 open-market transactions
DateInsiderRoleActionSharesValue
May 7, 2026Reaume Marty MDirectorSell (S)1K$57K
Apr 7, 2026Reaume Marty MDirectorSell (S)1K$58K
Mar 9, 2026Reaume Marty MDirectorSell (S)1K$63K
Feb 24, 2026Thingelstad JamieEVP, Chief Technology OfficerSell (S)
2 lots, same day
2K$133K
Feb 20, 2026Nelson Kimberly K.EVP & CFOSell (S)
3 lots, same day
6K$370K
Feb 20, 2026Collins ChadwickChief Executive Officer, DirectorSell (S)
3 lots, same day
13K$785K
Feb 9, 2026Reaume Marty MDirectorSell (S)1K$80K
Jan 7, 2026Reaume Marty MDirectorSell (S)
2 lots, same day
2K$160K
Feb 26, 2025Nelson Kimberly K.EVP & CFOSell (S)
4 lots, same day
5K$755K
Feb 19, 2025Nelson Kimberly K.EVP & CFOSell (S)
7 lots, same day
5K$808K
Feb 19, 2025Collins ChadwickChief Executive Officer, DirectorSell (S)
7 lots, same day
5K$662K
Feb 5, 2025Nelson Kimberly K.EVP & CFOSell (S)
4 lots, same day
9K$1.7M

One row per insider, day and transaction code; shares and value are summed across the lots. Every lot is on the full insider page and in the filing.

Do institutions, insiders and Congress agree?

Mixed signals

Where institutional funds (13F), corporate insiders (Form 4) and US House members (STOCK Act) are buying or selling the same name in the same window. Green is buying, red is selling.

SEC EDGAR 13F + Form 4 + US House STOCK Act{ }get_ticker_confluence · API & MCP

Signals by source

Insiders and Congress: last 180 days. Funds: latest 13F, top 100 holders incl. passive

SourceBuyingSellingNet
13F funds
Top 100 holders by value, passive included; the hero counts active managers only
5530
Insiders
Form 4 open-market
01-$115K
US House
STOCK Act trades
00$0
Sector rotation
SPSC is in Information Technology, which smart money is rotating INTO
+$13.8B

Capital Rotation reports where institutional capital disclosed rotating, as of the latest public SEC 13F filings. It is data, not investment advice, a recommendation, or a prediction. Filings lag about 45 days and cover long US equity positions only. Past disclosed flows do not indicate future prices. Do your own research; consult a licensed advisor.

Institutional ownership over time

131 tracked filers in Q2 2026 filingsstill filing
0173345Q3 2024Q1 2025Q3 2025Q1 2026Q2 2026
tracked filers holding their reported valueQ2 2026 filings so far: $471.2M
Each bar counts tracked filers with a position in that quarter's filings, so the newest bar excludes filers still on an earlier quarter. Arkolith's tracked universe has grown over this window; part of any long-run rise is coverage, not new buyers.

Recent filings

15 most recent

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Connected entities for SPSC

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Ask your agent what changed in SPSC

This stock page is the public Follow view. For one current, evidence-backed answer, use capital_change_brief through REST or MCP. It compares tracked 13F changes with qualifying Form 4 activity and cites the SEC evidence.

Copy-paste
curl -H "Authorization: Bearer YOUR_API_KEY" \
  "https://arkolith.com/api/v1/stocks/SPSC/capital-change-brief"
Ask your agent
Use Arkolith's capital_change_brief for SPSC.
Tell me what changed, whether insider activity
corroborates it, and cite the SEC evidence.

13F holdings + Form 4 insider transactions + end-of-day price history + the live filing stream, joined for SPSC. Filings are public domain, sourced to SEC EDGAR; price series derived from end-of-day closes.