Montag & Associates’s SPS Commerce SPSC Stock Holding History

Montag & Associates’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
2025 Q4	–	Sell	-6	Closed	-$625	–	1146
2025 Q3	$625	Buy	+6	New	+$714	﹤0.01%	1061
2024 Q4	–	Sell	-318	Closed	-$61.7K	–	1037
2024 Q3	$61.7K	Hold	318	–	–	﹤0.01%	571
2024 Q2	$59.8K	Hold	318	–	–	﹤0.01%	561
2024 Q1	$58.8K	Sell	318 -275	-46%	-$50.8K	﹤0.01%	566
2023 Q4	$115K	Hold	593	–	–	0.01%	455
2023 Q3	$101K	Hold	593	–	–	0.01%	456
2023 Q2	$114K	Hold	593	–	–	0.01%	457
2023 Q1	$90.3K	Hold	593	–	–	0.01%	474
2022 Q4	$76.2K	Hold	593	–	–	0.01%	481
2022 Q3	$74K	Sell	593 -84	-12%	-$10.2K	0.01%	478
2022 Q2	$77K	Hold	677	–	–	0.01%	470
2022 Q1	$89K	Hold	677	–	–	﹤0.01%	484
2021 Q4	$96K	Hold	677	–	–	﹤0.01%	489
2021 Q3	$109K	Hold	677	–	–	0.01%	460
2021 Q2	$68K	Sell	677 -130	-16%	-$12.8K	﹤0.01%	514
2021 Q1	$80K	Sell	807 -300	-27%	-$31.7K	﹤0.01%	504
2020 Q4	$120K	Buy	+1,107	New	+$104K	0.01%	437

Other funds holding SPSC

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Neuberger Berman Group New York $150B AUM 40.08% 1-Year Est. Return

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

Nordea Investment Management Stockholm, Sweden $123B AUM 38.85% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

DGI

Disciplined Growth Investors Minneapolis, Minnesota $5.91B AUM 53.97% 1-Year Est. Return

Montag & Associates's SPSC Position: Q4 2025 in Review

Montag & Associates sold out of SPS Commerce (SPSC) in Q4 2025, closing a stake of 6 shares — an estimated $625 sold.

Montag & Associates first reported a position in SPSC in Q4 2020 and held it in 17 quarters. The position peaked at $120K in Q4 2020. 367 funds tracked by Wall St. Rank hold SPSC as of Q4 2025.

Montag & Associates reported no remaining SPS Commerce position as of Q4 2025 after selling out during the quarter.
Montag & Associates sold 6 SPS Commerce shares in Q4 2025, an estimated $625.
Montag & Associates first reported a position in SPS Commerce in Q4 2020 and held it in 17 quarters.
Montag & Associates's SPS Commerce position peaked at $120K in Q4 2020.
367 funds tracked by Wall St. Rank held SPS Commerce as of Q4 2025.

Based on Montag & Associates's 13F filing for Q4 2025, filed 2 Feb 2026.