SPS Commerce, Inc.
US ˙ NasdaqGS ˙ US78463M1071

SecuritySPSC / SPS Commerce, Inc.
InstitutionUs Bancorp \de\
Latest Disclosed Ownership18,595 shares
Latest Disclosed Value $ 1,035,183
Us Bancorp \de\ reports 20.01% increase in ownership of SPSC / SPS Commerce, Inc.

On May 14, 2026 - Us Bancorp \de\ filed a 13F-HR form disclosing ownership of 18,595 shares of SPS Commerce, Inc. (US:SPSC) valued at $1,035,184 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 30, 2026 disclosing 15,494 shares of SPS Commerce, Inc.. This represents a change in shares of 20.01% during the quarter. The current value of the position is $1,043,180 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

Upgrade to unlock premium data and export to Excel .

Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F SPS COMM COM 78463M107 18,595 3,101 20.01 1,035 -25.00 0.0004
2026-01-30 2025-12-31 13F SPS COMM COM 78463M107 15,494 -9,156 -37.14 1,381 -46.24 0.0016
2025-11-12 2025-09-30 13F SPS COMM COM 78463M107 24,650 -4,673 -15.94 2,567 -35.66 0.0030
2025-07-24 2025-06-30 13F SPS COMM COM 78463M107 29,323 -6,568 -18.30 3,991 -16.23 0.0050
2025-05-08 2025-03-31 13F SPS COMM COM 78463M107 35,891 -4,870 -11.95 4,764 -36.48 0.0064
2025-02-05 2024-12-31 13F SPS COMM COM 78463M107 40,761 -4,420 -9.78 7,500 -14.51 0.0098
2024-10-28 2024-09-30 13F SPS COMM COM 78463M107 45,181 -395 -0.87 8,773 2.30 0.0113
2024-08-07 2024-06-30 13F SPS COMM COM 78463M107 45,576 -1,835 -3.87 8,576 -2.18 0.0117
2024-05-08 2024-03-31 13F SPS COMM COM 78463M107 47,411 -3,753 -7.34 8,766 -11.61 0.0122
2024-02-09 2023-12-31 13F SPS COMM COM 78463M107 51,164 -8,696 -14.53 9,918 -2.89 0.0147
2023-11-03 2023-09-30 13F SPS COMM COM 78463M107 59,860 219 0.37 10,213 -10.84 0.0167
2023-08-10 2023-06-30 13F SPS COMM COM 78463M107 59,641 -6,206 -9.42 11,455 14.22 0.0184
2023-05-09 2023-03-31 13F SPS COMMERCE COMMON STOCK 78463M107 65,847 174 0.26 10,028 18.90 0.0169
2023-02-13 2022-12-31 13F SPS COMMERCE COMMON STOCK 78463M107 65,673 -2,744 -4.01 8,434 -0.76 0.0149
2022-10-27 2022-09-30 13F SPS COMMERCE COMMON STOCK 78463M107 68,417 -1,688 -2.41 8,499 7.22 0.0175
2022-08-01 2022-06-30 13F SPS COMMERCE COMMON STOCK 78463M107 70,105 -6,359 -8.32 7,927 -20.97 0.0154
2022-05-11 2022-03-31 13F SPS COMMERCE COMMON STOCK 78463M107 76,464 6,937 9.98 10,031 1.34 0.0167
2022-02-11 2021-12-31 13F SPS COMMERCE COMMON STOCK 78463M107 69,527 5,151 8.00 9,898 -4.68 0.0156
2021-11-10 2021-09-30 13F SPS COMMERCE COMMON STOCK 78463M107 64,376 15,164 30.81 10,384 111.31 0.0195
2021-08-05 2021-06-30 13F SPS COMMERCE COMMON STOCK 78463M107 49,212 3,873 8.54 4,914 9.15 0.0092
2021-04-28 2021-03-31 13F SPS COMMERCE COMMON STOCK 78463M107 45,339 6,523 16.80 4,502 6.81 0.0091
2021-02-04 2020-12-31 13F SPS COMMERCE COMMON STOCK 78463M107 38,816 7,848 25.34 4,215 74.75 0.0091
2020-11-10 2020-09-30 13F SPS COMMERCE COMMON STOCK 78463M107 30,968 6,895 28.64 2,412 33.41 0.0059
2020-08-07 2020-06-30 13F SPS COMMERCE COMMON STOCK 78463M107 24,073 487 2.06 1,808 64.66 0.0047
2020-05-13 2020-03-31 13F SPS COMMERCE COMMON STOCK 78463M107 23,586 -1,069 -4.34 1,098 -19.68 0.0034
2020-02-04 2019-12-31 13F SPS COMMERCE COMMON STOCK 78463M107 24,655 -2,377 -8.79 1,367 7.47 0.0035
2019-11-08 2019-09-30 13F SPS COMMERCE COMMON STOCK 78463M107 27,032 12,400 84.75 1,272 -14.92 0.0035
2019-08-13 2019-06-30 13F SPS COMMERCE COMMON STOCK 78463M107 14,632 2,073 16.51 1,495 12.24 0.0042
2019-05-08 2019-03-31 13F SPS COMMERCE COMMON STOCK 78463M107 12,559 3,929 45.53 1,332 87.34 0.0038
2019-02-13 2018-12-31 13F SPS COMMERCE COMMON STOCK 78463M107 8,630 -200 -2.27 711 -18.93 0.0023
2018-10-31 2018-09-30 13F SPS COMMERCE COMMON STOCK 78463M107 8,830 385 4.56 877 41.45 0.0025
2018-08-08 2018-06-30 13F SPS COMMERCE COMMON STOCK 78463M107 8,445 -418 -4.72 620 9.15 0.0019
2018-05-08 2018-03-31 13F SPS COMMERCE COMMON STOCK 78463M107 8,863 794 9.84 568 44.90 0.0017
2018-02-02 2017-12-31 13F SPS COMMERCE COMMON STOCK 78463M107 8,069 -1,607 -16.61 392 -28.60 0.0012
2017-11-13 2017-09-30 13F SPS COMMERCE COMMON STOCK 78463M107 9,676 -1,063 -9.90 549 -19.74 0.0018
2017-07-19 2017-06-30 13F SPS COMMERCE COMMON STOCK 78463M107 10,739 -4,482 -29.45 684 -23.15 0.0023
2017-05-03 2017-03-31 13F SPS COMMERCE COMMON STOCK 78463M107 15,221 868 6.05 890 -11.27 0.0030
2017-02-08 2016-12-31 13F SPS COMMERCE COMMON STOCK 78463M107 14,353 2,059 16.75 1,003 11.07 0.0036
2016-11-04 2016-09-30 13F SPS COMMERCE COMMON STOCK 78463M107 12,294 1,020 9.05 903 32.21 0.0033
2016-08-10 2016-06-30 13F SPS COMMERCE COMMON STOCK 78463M107 11,274 -399 -3.42 683 36.33 0.0026
2016-05-13 2016-03-31 13F SPS COMMERCE COMMON STOCK 78463M107 11,673 1,450 14.18 501 -30.13 0.0020
2016-02-10 2015-12-31 13F SPS COMMERCE COMMON STOCK 78463M107 10,223 52 0.51 717 3.91 0.0029
2015-11-16 2015-09-30 13F SPS COMMERCE COMMON STOCK 78463M107 10,171 258 2.60 690 5.67 0.0029
2015-08-10 2015-06-30 13F SPS COMMERCE COMMON STOCK 78463M107 9,913 -46 -0.46 653 -2.25 0.0025
2015-05-08 2015-03-31 13F SPS COMMERCE COMMON STOCK 78463M107 9,959 -2,044 -17.03 668 -1.76 0.0026
2015-02-13 2014-12-31 13F SPS COMMERCE COMMON STOCK 78463M107 12,003 975 8.84 680 16.04 0.0026
2014-11-14 2014-09-30 13F SPS COMMERCE COMMON STOCK 78463M107 11,028 -3,289 -22.97 586 -35.25 0.0024
2014-08-14 2014-06-30 13F SPS COMMERCE COMMON STOCK 78463M107 14,317 -845 -5.57 905 -2.90 0.0036
2014-05-14 2014-03-31 13F SPS COMMERCE COMMON STOCK 78463M107 15,162 -363 -2.34 932 -8.09 0.0038
2014-02-13 2013-12-31 13F SPS COMMERCE COMMON STOCK 78463M107 15,525 386 2.55 1,014 0.10 0.0041
2013-11-07 2013-09-30 13F SPS COMMERCE COMMON STOCK 78463M107 15,139 -1,303 -7.92 1,013 12.06 0.0045
2013-08-09 2013-06-30 13F SPS COMMERCE COMMON STOCK 78463M107 16,442 16,442 904 0.0041
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.