LIGHTSPEED COMMERCE INC LSPD
SUB VTG SHS · Common Stock · CUSIP 53229C107 · ISIN CA53229C1077
- SectorTechnology
- IndustryServices-Prepackaged Software
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($164.3k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $11.55. Options: 12 managers hold calls ($14.1m notional), 9 hold puts ($6.1m).
Trends to Q3 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 144 |
| Q4 2022 | 129 |
| Q1 2023 | 111 |
| Q2 2023 | 114 |
| Q3 2023 | 107 |
| Q4 2023 | 123 |
| Q1 2024 | 127 |
| Q2 2024 | 124 |
| Q3 2024 | 130 |
| Q4 2024 | 128 |
| Q1 2025 | 120 |
| Q2 2025 | 107 |
| Q3 2025 | 109 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2023 | 65 | 47 |
| Q1 2024 | 68 | 60 |
| Q2 2024 | 66 | 50 |
| Q3 2024 | 63 | 64 |
| Q4 2024 | 72 | 56 |
| Q1 2025 | 58 | 68 |
| Q2 2025 | 47 | 69 |
| Q3 2025 | 44 | 63 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $17.1m | $17.6m | 1.03 |
| Q1 2025 | $17.4m | $8.6m | 0.49 |
| Q2 2025 | $9.9m | $7.2m | 0.73 |
| Q3 2025 | $14.1m | $6.1m | 0.43 |
Biggest buyers
| Connor, Clark & Lunn Investment Management Ltd. | Added | +613.4k |
| NATIONAL BANK OF CANADA /FI/ | Added | +567.9k |
| CITADEL ADVISORS LLC | New | +256.1k |
| Numerai GP LLC | Added | +132.2k |
| JANE STREET GROUP, LLC | Added | +128.3k |
| TWO SIGMA INVESTMENTS, LP | Added | +126.4k |
| LAZARD ASSET MANAGEMENT LLC | New | +119.8k |
| Point72 Asset Management, L.P. | New | +102.3k |
| LOUISBOURG INVESTMENTS INC. | Added | +99.4k |
| BANK OF AMERICA CORP /DE/ | Added | +97.2k |
Biggest sellers
| ROYAL BANK OF CANADA | Reduced | -1.6m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -1.5m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -409.6k |
| VANGUARD GROUP INC | Reduced | -313.3k |
| Artisan Partners Limited Partnership | Reduced | -252.3k |
| Wishbone Management, LP | Reduced | -238.4k |
| MORGAN STANLEY | Reduced | -171.2k |
| Focus Partners Wealth | Sold out | -158.1k |
| FIL Ltd | Reduced | -140.0k |
| ANTIPODES PARTNERS Ltd | Reduced | -119.3k |
Biggest calls
| CIBC WORLD MARKET INC. | New | $4.5m390.0k shares |
| CITADEL ADVISORS LLC | Added | $2.0m169.2k shares |
| JANE STREET GROUP, LLC | Added | $1.5m128.4k shares |
| PEAK6 LLC | Reduced | $1.3m109.6k shares |
| Walleye Trading LLC | Reduced | $1.2m102.7k shares |
| SIG North Trading, ULC | Reduced | $1.1m92.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $963.3k83.4k shares |
| GROUP ONE TRADING LLC | Added | $887.0k76.8k shares |
| SIMPLEX TRADING, LLC | Added | $373.0k32.3k shares |
| NATIONAL BANK OF CANADA /FI/ | Reduced | $296.8k257 shares |
Biggest puts
| MILLENNIUM MANAGEMENT LLC | Unchanged | $1.8m160.0k shares |
| CITADEL ADVISORS LLC | Reduced | $1.4m123.7k shares |
| JANE STREET GROUP, LLC | Reduced | $1.2m100.0k shares |
| SIG North Trading, ULC | Reduced | $682.6k59.1k shares |
| SIMPLEX TRADING, LLC | Added | $392.0k34.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $333.8k28.9k shares |
| GROUP ONE TRADING LLC | Reduced | $147.8k12.8k shares |
| NATIONAL BANK OF CANADA /FI/ | Added | $127.0k110 shares |
| Walleye Trading LLC | Reduced | $8.1k700 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| FIL Ltd 13G · institution +1.9 pts · filed 2025-03-07 | 11.5% |
| Dasilva Dax 13G · exempt (held before listing) filed 2025-08-11 | 10.6% |
| Pale Fire Capital SE 13G · passive investor new · filed 2026-10-01 | 5.1% |
Insider purchases and sales in Q3 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported in Q3 2025.
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| Caisse de depot et placement du Quebec 0.51% of their portfolio | 24.3m $280.5m | Unchanged |
| FIL Ltd 0.14% of their portfolio | 15.6m $180.1m | Reduced -140.0k |
| VANGUARD GROUP INC 0.00% of their portfolio | 5.2m $59.9m | Reduced -313.3k |
| Wishbone Management, LP 25.45% of their portfolio | 4.1m $47.3m | Reduced -238.4k |
| Artisan Partners Limited Partnership 0.06% of their portfolio | 3.3m $38.3m | Reduced -252.3k |
| Connor, Clark & Lunn Investment Management Ltd. 0.10% of their portfolio | 2.8m $31.8m | Added +613.4k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 2.3m $26.3m | Reduced -1.6m |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 2.0m $22.8m | Added +97.2k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 1.9m $22.5m | Added +9.5k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 1.8m $21.2m | Added +69.0k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 1.7m $20.2m | Reduced -85.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.1m $12.3m | Reduced -64.8k |
| ANTIPODES PARTNERS Ltd 0.27% of their portfolio | 1.0m $11.9m | Reduced -119.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 953.7k $11.0m | Reduced -1.5m |
| NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio | 868.9k $10.0m | Added +567.9k |
| LOUISBOURG INVESTMENTS INC. 1.64% of their portfolio | 652.1k $7.5m | Added +99.4k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 491.1k $5.7m | Reduced -409.6k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 466.6k $5.4m | Added +84.6k |
| CIBC WORLD MARKET INC. 0.01% of their portfolio | 462.7k $5.3m | Added +89.4k |
| BlackRock, Inc. 0.00% of their portfolio | 453.1k $5.2m | Reduced -80.5k |
| Invenomic Capital Management LP 0.23% of their portfolio | 386.3k $4.5m | Reduced -20.6k |
| TD Asset Management Inc 0.00% of their portfolio | 380.4k $4.4m | Reduced -7.5k |
| INTACT INVESTMENT MANAGEMENT INC. 0.13% of their portfolio | 363.6k $4.2m | Added +20.0k |
| DC Investments Management, LLC 1.51% of their portfolio | 315.1k $3.6m | Reduced -48.0k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.20% of their portfolio | 278.5k $3.2m | Reduced -109.3k |
| Federation des caisses Desjardins du Quebec 0.01% of their portfolio | 275.4k $3.2m | Added +693 |
| UBS Group AG 0.00% of their portfolio | 274.1k $3.2m | Reduced -92.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 266.2k $3.1m | Added +14.6k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 256.1k $3.0m | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 248.2k $2.9m | Added +128.3k |
| Swiss National Bank 0.00% of their portfolio | 242.3k $2.8m | Reduced -26.6k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 202.4k $2.3m | Added +126.4k |
| MORGAN STANLEY 0.00% of their portfolio | 183.9k $2.1m | Reduced -171.2k |
| Numerai GP LLC 0.26% of their portfolio | 159.2k $1.8m | Added +132.2k |
| Legal & General Group Plc 0.00% of their portfolio | 152.6k $1.8m | Reduced -7.6k |
| Palogic Value Management, L.P. 0.73% of their portfolio | 150.0k $1.7m | Reduced -10.0k |
| CIBC Asset Management Inc 0.00% of their portfolio | 131.9k $1.5m | Reduced -3.5k |
| PCJ Investment Counsel Ltd. 0.40% of their portfolio | 126.0k $1.5m | Reduced -220 |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 125.6k $1.4m | Reduced -30.9k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 119.8k $1.4m | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 113.7k $1.3m | Added +21.7k |
| Nuveen, LLC 0.00% of their portfolio | 109.3k $1.3m | Unchanged |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 105.0k $1.2m | Unchanged |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 102.3k $1.2m | New |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.05% of their portfolio | 102.3k $1.2m | Reduced -3.4k |
| STATE STREET CORP 0.00% of their portfolio | 100.6k $1.2m | Reduced -1.7k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio | 99.3k $1.1m | Reduced -89.4k |
| Verition Fund Management LLC 0.01% of their portfolio | 92.3k $1.1m | Reduced -37.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 82.3k $954.6k | Added +4.0k |
| Spark Investment Management LLC 2.26% of their portfolio | 78.0k $900.5k | New |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 74.1k $855.5k | Reduced -2.7k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.00% of their portfolio | 72.1k $831.9k | Reduced -3.0k |
| Joel Isaacson & Co., LLC 0.03% of their portfolio | 69.3k $800.3k | Reduced -37.7k |
| Aviso Financial Inc. 0.03% of their portfolio | 67.9k $784.4k | New |
| AMH Equity Ltd 0.87% of their portfolio | 60.0k $693.0k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 51.7k $597.5k | Added +32.0k |
| Moloney Securities Asset Management, LLC 0.07% of their portfolio | 51.5k $594.3k | Reduced -6.0k |
| Addenda Capital Inc. 0.02% of their portfolio | 50.5k $811.3k | New |
| TD Waterhouse Canada Inc. 0.00% of their portfolio | 47.6k $554.0k | Added +4.3k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 47.5k $548.6k | New |
| SIG North Trading, ULC 0.08% of their portfolio | 46.3k $535.3k | Added +14.6k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 44.8k $517.7k | Added +925 |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 39.6k $457.5k | Added +4.8k |
| MONTRUSCO BOLTON INVESTMENTS INC. 0.01% of their portfolio | 39.0k $450.4k | Unchanged |
| CIDEL ASSET MANAGEMENT INC 0.03% of their portfolio | 38.9k $449.6k | Unchanged |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 38.6k $445.9k | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 38.2k $440.7k | Reduced -52.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 34.3k $395.9k | Added +17.1k |
| Quantbot Technologies LP 0.01% of their portfolio | 30.3k $350.0k | New |
| Invesco Ltd. 0.00% of their portfolio | 28.1k $325.1k | Reduced -1.4k |
| ALGERT GLOBAL LLC 0.00% of their portfolio | 25.5k $294.8k | New |
| Pictet Asset Management Holding SA 0.00% of their portfolio | 24.0k $276.8k | Reduced -1.0k |
| Engineers Gate Manager LP 0.00% of their portfolio | 23.3k $269.0k | New |
| GROUP ONE TRADING LLC 0.01% of their portfolio | 22.2k $256.0k | Reduced -15.8k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 20.2k $233.8k | Added +1.2k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 19.3k $222.9k | Reduced -374 |
| SCOTIA CAPITAL INC. 0.00% of their portfolio | 18.9k $217.4k | Reduced -866 |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 14.6k $168.5k | Added +492 |
| Amundi 0.00% of their portfolio | 14.5k $173.4k | Reduced -5.0k |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 14.3k $164.0k | Reduced -34.1k |
| BARCLAYS PLC 0.00% of their portfolio | 13.2k $152.9k | Reduced -31.6k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 12.9k $148.9k | New |
| Vident Advisory, LLC 0.00% of their portfolio | 11.2k $129.6k | New |
| Northwest & Ethical Investments L.P. 0.00% of their portfolio | 11.2k $129.2k | Reduced -1.2k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 10.3k $118.7k | Reduced -6.1k |
| Cubist Systematic Strategies, LLC 0.00% of their portfolio | 9.9k $114.9k | Reduced -27.7k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 8.6k $98.9k | Reduced -1.8k |
| CITIGROUP INC 0.00% of their portfolio | 8.4k $97.0k | Reduced -6.2k |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 5.2k $60.3k | Reduced -6.9k |
| Point72 Asia (Singapore) Pte. Ltd. 0.01% of their portfolio | 4.3k $49.5k | Added +3.1k |
| Advisors Asset Management, Inc. 0.00% of their portfolio | 2.9k $33.0k | Reduced -1.0k |
| Dixon Mitchell Investment Counsel Inc. 0.00% of their portfolio | 2.5k $28.9k | Unchanged |
| SHELL ASSET MANAGEMENT CO 0.00% of their portfolio | 2.0k $23.0k | Reduced -5.1k |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 1.5k $17.7k | New |
| Quarry LP 0.00% of their portfolio | 1.2k $13.7k | New |
| Plato Investment Management Ltd 0.00% of their portfolio | 540 $6.2k | Unchanged |
| Caitong International Asset Management Co., Ltd 0.00% of their portfolio | 489 $5.6k | Reduced -57 |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 412 $4.8k | Reduced -33 |
| Avion Wealth 0.00% of their portfolio | 410 $4.0k | Unchanged |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 400 $4.6k | Added +100 |