SPS Commerce, Inc.
SPS Commerce, Inc. (SPSC) Stock Ownership
Institutional vs insider vs public ownership from 13F and float data — top holders, activity, and insider trades below.
SEC 13F · FMP · SPSC · as of Sep 30, 2025
Ownership Breakdown
407
Institutional Holders
▼ 48 vs Q2
$4.04B
Total Inst. Value
▼ $1.14B vs Q2
36.71M
Shares Outstanding
freeFloat 98.79%
43.71M
13F Shares Held
▲ 5.56M vs Q2
Institutional ownership = 13F shares ÷ total outstanding. Insider % = 100 − free float. Public % = free float − institution %. Data: FMP /symbol-positions-summary + /shares-float + SEC EDGAR.
Top Institutional Holders
SPSC largest shareholders · institutional ownership
Q3 2025 · SEC 13F
Showing top 10 holders
| Holder | Shares | % Owned | Weight | Value | Reported | Change |
|---|---|---|---|---|---|---|
BLACKROCK, INC. services-prepackaged software | 5.65M | 14.88% | 14.88% | $588.19B | Nov 12, 2025 | ▼ 115.6K |
LOMBARD ODIER ASSET MANAGEMENT (EUROPE) LTD services-prepackaged software | 5.09M | 13.40% | 13.40% | $19.00B | Nov 14, 2025 | NEW |
VANGUARD GROUP INC services-prepackaged software | 4.94M | 13.02% | 13.02% | $514.91B | Nov 7, 2025 | ▲ 249.4K |
STATE STREET CORP services-prepackaged software | 1.46M | 3.85% | 3.85% | $152.06B | Nov 14, 2025 | ▼ 5.7K |
NEUBERGER BERMAN GROUP LLC services-prepackaged software | 1.30M | 3.42% | 3.42% | $135.40B | Nov 12, 2025 | ▲ 186.7K |
NORDEA INVESTMENT MANAGEMENT AB services-prepackaged software | 1.29M | 3.40% | 3.40% | $135.24B | Oct 27, 2025 | ▼ 38.2K |
CONESTOGA CAPITAL ADVISORS, LLC services-prepackaged software | 1.28M | 3.38% | 3.38% | $133.46B | Oct 24, 2025 | ▲ 30.8K |
MORGAN STANLEY services-prepackaged software | 973.7K | 2.56% | 2.56% | $101.40B | May 27, 2026 | ▲ 37.5K |
GEODE CAPITAL MANAGEMENT, LLC services-prepackaged software | 969.7K | 2.55% | 2.55% | $101.00B | Nov 12, 2025 | ▼ 6.2K |
DISCIPLINED GROWTH INVESTORS INC /MN services-prepackaged software | 792.5K | 2.09% | 2.09% | $82.53B | Nov 14, 2025 | ▲ 367.3K |
Data from SEC Form 13F filings. Ownership bar normalised to largest holder. Change flags: isNew / isSoldOut / changeInSharesNumber (FMP extract-analytics/holder).
Institutional Activity
Q3 2025 vs prior quarter
Q3 2025
28
Increased
+3.07M shares3
New Positions
first time holders18
Decreased
−1.89M shares0
Sold Out
fully exitedNet shares change (top 50)
+1.18M
+3.07M / −1.89M
Net new holders
+13
3 new / 0 exited
Based on top 50 institutional holders by position size. Fields: isNew, isSoldOut, changeInSharesNumber (FMP extract-analytics/holder, limit=50).
Insider Buying vs Selling
SPSC insider trading · insider activity
Source: SEC Form 4
Insiders have been primarily selling shares recently. Selling may be driven by pre-scheduled Rule 10b5-1 plans rather than negative sentiment.
9
Buy transactions
15
Sell transactions
0.60
Buy/Sell ratio
$0M
Total disposed
Recent Insider Transactions
Showing 10 most recent · Common Stock only
| Name · Role | Date | Type | Shares | Price | Value | After Trans. | Filing |
|---|---|---|---|---|---|---|---|
Gaurav Razat director | May 28, 2026 | Award | 3,736 | — | — | 5.0K | Form 4 ↗ |
McConnell Michael J director | May 28, 2026 | Award | 3,736 | — | — | 7.2K | Form 4 ↗ |
Partin Mark director | May 28, 2026 | Award | 3,736 | — | — | 6.2K | Form 4 ↗ |
Reaume Marty M director | May 28, 2026 | Award | 3,736 | — | — | 12.9K | Form 4 ↗ |
Reller Tami director | May 28, 2026 | Award | 3,736 | — | — | 54.9K | Form 4 ↗ |
SORAN PHILIP director | May 28, 2026 | Award | 3,736 | — | — | 25.9K | Form 4 ↗ |
Chima Fumbi F. director | May 28, 2026 | Award | 3,736 | — | — | 7.2K | Form 4 ↗ |
Ward Anne Sempowski director | May 28, 2026 | Award | 3,736 | — | — | 7.9K | Form 4 ↗ |
Del Preto Joseph EXECUTIVE VP AND CFO | May 7, 2026 | Award | 33,240 | — | — | 141.7K | Form 4 ↗ |
Del Preto Joseph EXECUTIVE VP AND CFO | May 7, 2026 | Award | 108,467 | — | — | 108.5K | Form 4 ↗ |
Source: /insider-trading/search (FMP stable). Buy/Sell direction: acquisitionOrDisposition A=Buy, D=Sell. RSU vesting (M-Exempt) excluded from sentiment bar. All data from SEC EDGAR public filings.
About institutional & insider ownership
SPS Commerce, Inc. (SPSC) is primarily owned by institutional investors, who hold approximately 100.0% of total shares outstanding. Company insiders own approximately 1.21%, while retail and public investors account for the remaining 0.00%.
The largest institutional shareholder of SPS Commerce, Inc. is BLACKROCK, INC., holding approximately 5.65 million shares — equal to 14.88% of outstanding shares — as of September 30, 2025.
A total of 407 institutional investors currently hold SPSC stock, with a combined institutional value of approximately $4.04 billion as of the most recent 13F filing period.
Frequently asked questions
SPSC ownershipSPS Commerce, Inc. (SPSC) is primarily owned by institutional investors, who hold approximately 100.0% of shares. The largest shareholder is BLACKROCK, INC. with a 14.88% stake. Company insiders hold 1.21%. Data sourced from SEC Form 13F as of September 30, 2025.