Herald Investment Management’s SPS Commerce SPSC Stock Holding History

Herald Investment Management’s Portfolio SPSC Stock Details SPSC Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$3.89M	Hold	70,000	–	–	0.54%	55
2025 Q4	$6.24M	Buy	70,000 +15,000	+27%	+$1.39M	0.82%	35
2025 Q3	$5.73M	Buy	55,000 +7,500	+16%	+$893K	0.76%	32
2025 Q2	$6.46M	Hold	47,500	–	–	0.96%	26
2025 Q1	$6.3M	Sell	47,500 -2,500	-5%	-$393K	1.18%	26
2024 Q4	$9.2M	Sell	50,000 -2,716	-5%	-$510K	1.51%	21
2024 Q3	$10.2M	Sell	52,716 -7,284	-12%	-$1.43M	1.76%	14
2024 Q2	$11.3M	Sell	60,000 -5,000	-8%	-$915K	1.85%	13
2024 Q1	$12M	Sell	65,000 -2,500	-4%	-$461K	1.94%	13
2023 Q4	$13.1M	Sell	67,500 -2,600	-4%	-$453K	2.5%	11
2023 Q3	$11.9M	Sell	70,100 -7,400	-10%	-$1.31M	2.54%	8
2023 Q2	$14.9M	Sell	77,500 -17,500	-18%	-$2.82M	2.89%	7
2023 Q1	$14.5M	Sell	95,000 -5,000	-5%	-$709K	3.21%	7
2022 Q4	$12.8M	Hold	100,000	–	–	3.15%	6
2022 Q3	$12.4M	Hold	100,000	–	–	3.06%	8
2022 Q2	$11.3M	Hold	100,000	–	–	2.63%	9
2022 Q1	$13.1M	Hold	100,000	–	–	2.39%	10
2021 Q4	$14.2M	Hold	100,000	–	–	2.31%	11
2021 Q3	$16.1M	Hold	100,000	–	–	2.65%	10
2021 Q2	$9.98M	Hold	100,000	–	–	1.63%	16
2021 Q1	$9.93M	Hold	100,000	–	–	1.73%	17
2020 Q4	$10.9M	Hold	100,000	–	–	1.94%	16
2020 Q3	$7.78M	Hold	100,000	–	–	1.68%	17
2020 Q2	$7.51M	Hold	100,000	–	–	1.75%	18
2020 Q1	$4.65M	Hold	100,000	–	–	1.41%	22
2019 Q4	$5.54M	Hold	100,000	–	–	1.41%	21
2019 Q3	$4.71M	Hold	100,000	–	–	1.4%	21
2019 Q2	$5.11M	Hold	100,000	–	–	1.42%	21
2019 Q1	$5.3M	Hold	100,000	–	–	1.35%	24
2018 Q4	$4.12M	Hold	100,000	–	–	1.32%	22
2018 Q3	$4.96M	Hold	100,000	–	–	1.27%	23
2018 Q2	$3.67M	Hold	100,000	–	–	1.02%	29
2018 Q1	$3.2M	Hold	100,000	–	–	0.96%	29
2017 Q4	$2.43M	Hold	100,000	–	–	0.76%	38
2017 Q3	$2.83M	Hold	100,000	–	–	0.92%	36
2017 Q2	$3.18M	Hold	100,000	–	–	1.09%	26
2017 Q1	$2.92M	Hold	100,000	–	–	1.07%	29
2016 Q4	$3.49M	Hold	100,000	–	–	1.51%	20
2016 Q3	$3.67M	Hold	100,000	–	–	1.36%	26
2016 Q2	$3.03M	Hold	100,000	–	–	1.27%	27
2016 Q1	$2.15M	Hold	100,000	–	–	0.91%	34
2015 Q4	$3.51M	Hold	100,000	–	–	1.47%	23
2015 Q3	$3.39M	Buy	+100,000	New	+$3.49M	1.5%	23
2015 Q1	$3.37M	Hold	100,000	–	–	1.22%	26
2014 Q4	$2.83M	Hold	100,000	–	–	1.09%	26
2014 Q3	$2.92M	Hold	100,000	–	–	1.16%	26
2014 Q2	$3.16M	Hold	100,000	–	–	1.26%	25
2014 Q1	$2.98M	Hold	100,000	–	–	1.18%	28
2013 Q4	$3.26M	Hold	100,000	–	–	1.3%	25
2013 Q3	$3.55M	Hold	100,000	–	–	1.54%	23
2013 Q2	$2.75M	Buy	+100,000	New	+$2.42M	1.29%	28

Other funds holding SPSC

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

VPM

Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM

Neuberger Berman Group New York $131B AUM 28.36% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

AFM

Anson Funds Management Dallas, Texas $2.29B AUM 370.24% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Herald Investment Management's SPSC Position: Q1 2026 in Review

Herald Investment Management held its SPS Commerce (SPSC) position steady in Q1 2026 at 70,000 shares worth $3.89M. The position accounts for 0.54% of the portfolio, ranked #55.

Herald Investment Management first reported a position in SPSC in Q2 2013 and has held it in 51 quarters since. The position peaked at $16.1M in Q3 2021. 328 funds tracked by Wall St. Rank hold SPSC as of Q1 2026.

Herald Investment Management held 70,000 shares of SPS Commerce worth $3.89M as of Q1 2026.
Herald Investment Management left its SPS Commerce share count unchanged in Q1 2026.
SPS Commerce made up 0.54% of Herald Investment Management's portfolio in Q1 2026, its #55 holding.
Herald Investment Management first reported a position in SPS Commerce in Q2 2013 and has held it in 51 quarters since.
Herald Investment Management's SPS Commerce position peaked at $16.1M in Q3 2021.
328 funds tracked by Wall St. Rank held SPS Commerce as of Q1 2026.

Based on Herald Investment Management's 13F filing for Q1 2026, filed 13 May 2026.