SPS 商務公司
US ˙ NasdaqGS ˙ US78463M1071

SecuritySPSC / SPS Commerce, Inc.
InstitutionHardy Reed LLC
Latest Disclosed Ownership0 shares
Latest Disclosed Value $ 0
Hardy Reed LLC closes position in SPSC / SPS Commerce, Inc.

On February 6, 2026 - Hardy Reed LLC filed a 13F-HR form disclosing ownership of 0 shares of SPS Commerce, Inc. (US:SPSC) valued at $0 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 7, 2025 disclosing 2,200 shares of SPS Commerce, Inc.. The current value of the position is $0 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.

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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)
2026-02-06 2025-12-31 13F SPS COMM COM 78463M107 0 -100.00 0
2025-11-07 2025-09-30 13F SPS COMM COM 78463M107 2,200 -546 -19.88 229 -38.61 0.0169
2025-07-23 2025-06-30 13F SPS COMM COM 78463M107 2,746 75 2.81 374 5.37 0.0299
2025-05-02 2025-03-31 13F SPS COMM COM 78463M107 2,671 0 0.00 355 -27.90 0.0313
2025-02-03 2024-12-31 13F SPS COMM COM 78463M107 2,671 -16 -0.60 491 -5.76 0.0433
2024-11-13 2024-09-30 13F SPS COMM COM 78463M107 2,687 -89 -3.21 522 -0.19 0.0467
2024-08-12 2024-06-30 13F SPS COMM COM 78463M107 2,776 0 0.00 522 1.75 0.0525
2024-05-02 2024-03-31 13F SPS COMM COM 78463M107 2,776 -135 -4.64 513 -9.04 0.0638
2024-02-13 2023-12-31 13F/A-1 SPS COMM COM 78463M107 2,911 -386 -11.71 564 0.36 0.0764
2024-01-24 2023-12-31 13F SPS COMM COM 78463M107 2,911 -386 564 0.0764
2023-11-09 2023-09-30 13F SPS COMM COM 78463M107 3,297 0 0.00 563 -11.22 0.1020
2023-08-14 2023-06-30 13F SPS COMM COM 78463M107 3,297 -140 -4.07 633 21.03 0.1116
2023-05-04 2023-03-31 13F SPS COMM COM 78463M107 3,437 0 0.00 523 18.59 0.0921
2023-02-13 2022-12-31 13F/A-1 SPS COMM COM 78463M107 3,437 -237 -6.45 441 -3.29 0.0834
2023-02-07 2022-12-31 13F SPS COMM COM 78463M107 3,674 0 456 0.0916
2022-10-31 2022-09-30 13F SPS COMM COM 78463M107 3,674 -444 -10.78 456 -2.15 0.1009
2022-07-28 2022-06-30 13F SPS COMM COM 78463M107 4,118 -82 -1.95 466 -15.43 0.0998
2022-05-03 2022-03-31 13F/A-1 SPS COMM COM 78463M107 4,200 0 0.00 551 -7.86 0.1033
2022-04-28 2022-03-31 13F SPS COMM COM 78463M107 4,200 0 551 0.1008
2022-02-10 2021-12-31 13F SPS COMM COM 78463M107 4,200 -360 -7.89 598 -18.75 0.0985
2021-11-04 2021-09-30 13F SPS COMM COM 78463M107 4,560 0 0.00 736 61.76 0.1308
2021-07-22 2021-06-30 13F SPS COMM COM 78463M107 4,560 0 0.00 455 0.44 0.0809
2021-04-26 2021-03-31 13F SPS COMM COM 78463M107 4,560 0 0.00 453 -8.48 0.0869
2021-01-25 2020-12-31 13F SPS COMMERCE COM 78463M107 4,560 -28 -0.61 495 38.66 0.1035
2020-10-26 2020-09-30 13F SPS COMMERCE COM 78463M107 4,588 0 0.00 357 3.48 0.0894
2020-07-20 2020-06-30 13F SPS COMMERCE COM 78463M107 4,588 4,588 345 0.1225
2020-05-01 2020-03-31 13F SPS COMMERCE COM 78463M107 0 -4,243 -100.00 0 -100.00
2020-01-24 2019-12-31 13F SPS COMMERCE COM 78463M107 4,243 -83 -1.92 235 15.20 0.0876
2019-10-10 2019-09-30 13F SPS COMMERCE COM 78463M107 4,326 2,163 100.00 204 -7.69 0.0815
2019-07-18 2019-06-30 13F SPS COMMERCE COM 78463M107 2,163 140 6.92 221 2.79 0.0869
2019-05-03 2019-03-31 13F SPS COMMERCE COM 78463M107 2,023 2,023 215 0.0787
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.