Thematics Asset Management’s SPS Commerce SPSC Stock Holding History

Thematics Asset 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
2025 Q3	$20.5M	Buy	196,914 +21,724	+12%	+$2.59M	0.93%	40
2025 Q2	$23.8M	Hold	175,190	–	–	1.07%	32
2025 Q1	$23.3M	Buy	175,190 +19,738	+13%	+$3.1M	1.18%	29
2024 Q4	$28.6M	Buy	155,452 +41,538	+36%	+$7.79M	1.25%	23
2024 Q3	$22.1M	Buy	113,914 +18,385	+19%	+$3.61M	0.87%	44
2024 Q2	$18M	Buy	95,529 +3,650	+4%	+$668K	0.73%	52
2024 Q1	$17M	Buy	91,879 +8,777	+11%	+$1.62M	0.71%	52
2023 Q4	$16.1M	Buy	83,102 +3,555	+4%	+$620K	0.71%	55
2023 Q3	$13.6M	Sell	79,547 -10,821	-12%	-$1.92M	0.67%	54
2023 Q2	$17.4M	Buy	90,368 +4,291	+5%	+$693K	0.83%	47
2023 Q1	$13.1M	Hold	86,077	–	–	0.71%	51
2022 Q4	$11.1M	Buy	+86,077	New	+$11.1M	0.67%	51

Other funds holding SPSC

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

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

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

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

Nordea Investment Management Stockholm, Sweden $107B AUM 24.58% 1-Year Est. Return

CCA

Conestoga Capital Advisors Wayne, Pennsylvania $4.6B AUM 16.08% 1-Year Est. Return

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

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

DGI

Disciplined Growth Investors Minneapolis, Minnesota $4.89B AUM 33.85% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Thematics Asset Management's SPSC Position: Q3 2025 in Review

Thematics Asset Management increased its SPS Commerce (SPSC) stake by 12% in Q3 2025, buying an estimated $2.59M and bringing the position to 196,914 shares worth $20.5M. The position accounts for 0.93% of the portfolio, ranked #40.

Thematics Asset Management first reported a position in SPSC in Q4 2022 and has held it in 12 quarters since. The position peaked at $28.6M in Q4 2024. 402 funds tracked by Wall St. Rank hold SPSC as of Q3 2025.

Thematics Asset Management held 196,914 shares of SPS Commerce worth $20.5M as of Q3 2025.
Thematics Asset Management bought 21,724 SPS Commerce shares in Q3 2025, an estimated $2.59M.
SPS Commerce made up 0.93% of Thematics Asset Management's portfolio in Q3 2025, its #40 holding.
Thematics Asset Management first reported a position in SPS Commerce in Q4 2022 and has held it in 12 quarters since.
Thematics Asset Management's SPS Commerce position peaked at $28.6M in Q4 2024.
402 funds tracked by Wall St. Rank held SPS Commerce as of Q3 2025.

Based on Thematics Asset Management's 13F filing for Q3 2025, filed 14 Nov 2025.