&Partners’s SPS Commerce SPSC Stock Holding History

&Partners’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	-3,518	Closed	-$366K	–	2349
2025 Q3	$366K	Sell	3,518 -565	-14%	-$67.2K	﹤0.01%	1641
2025 Q2	$556K	Buy	4,083 +1,176	+40%	+$163K	﹤0.01%	1302
2025 Q1	$388K	Buy	2,907 +152	+6%	+$23.9K	﹤0.01%	1264
2024 Q4	$519K	Buy	2,755 +1,085	+65%	+$204K	0.01%	1061
2024 Q3	$324K	Buy	+1,670	New	+$328K	0.01%	1064

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

&Partners's SPSC Position: Q4 2025 in Review

&Partners sold out of SPS Commerce (SPSC) in Q4 2025, closing a stake of 3,518 shares — an estimated $366K sold.

&Partners first reported a position in SPSC in Q3 2024 and held it in 5 quarters. The position peaked at $556K in Q2 2025. 367 funds tracked by Wall St. Rank hold SPSC as of Q4 2025.

&Partners reported no remaining SPS Commerce position as of Q4 2025 after selling out during the quarter.
&Partners sold 3,518 SPS Commerce shares in Q4 2025, an estimated $366K.
&Partners first reported a position in SPS Commerce in Q3 2024 and held it in 5 quarters.
&Partners's SPS Commerce position peaked at $556K in Q2 2025.
367 funds tracked by Wall St. Rank held SPS Commerce as of Q4 2025.

Based on &Partners's 13F filing for Q4 2025, filed 17 Feb 2026.