What smart money is saying about SPS Commerce
No fund has written a full thesis on SPS Commerce in our archive, but 1 fund letter reports a position in it, most recently Conestoga in September 2025.
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Position history
Every position in SPS Commerce on record in the archive was reported in Q3 2025, across 1 fund letter, with no move described.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2025 | 1 | 0 | 0 | 0 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 1 position
- HoldsConestogaSeptember 2025
“5. SPS Commerce, Inc. (SPSC): SPSC provides cloud EDI and supply-chain connectivity for retailers and brands.”
SPS Commerce
Also mentioned · 1
These funds discuss SPS Commerce as a competitor, benchmark or comparable, without disclosing a position in it.
- MentionedHL Global Small Companies EquityMarch 2026
Named in a table in HL Global Small Companies Equity’s letter.
SPS Commerce
Read the letters behind these SPS Commerce positions
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