Shopify Inc.
SHOP- Exchange
- Nasdaq
- Industry
- Services-Prepackaged Software
- SEC CIK
- 0001594805
No open-market purchases or sales by Shopify Inc. insiders were filed in the last 90 days; 1,719 institutions reported holding it in 13F filings for Q2 2026, worth $94.6B in total; 3 superinvestors hold it, including ARK Invest and D1 Capital Partners.
13F holders, Q1 2025
Institutional positions in Shopify Inc. as of Mar 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
- Institutional holders
- 1,480
- +10 vs. Q4 2024
- Shares held
- 848.1M
- +22.0M (+2.7%) vs. Q4 2024
- Total value
- $80.9B
- −$7.02B (−8.0%) vs. Q4 2024
- New holders
- 162
- 540 more added
- Sold out
- 152
- 543 more reduced
20 institutions that held it in Q4 2024 haven't filed for Q1 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q4 2024: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting SHOP on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 1,719 | $94.6B |
| Q1 2026 | 1,741 | $99.1B |
| Q4 2025 | 1,892 | $138.3B |
| Q3 2025 | 1,718 | $123.4B |
| Q2 2025 | 1,555 | $97.4B |
| Q1 2025 | 1,480 | $80.9B |
| Q4 2024 | 1,490 | $88.7B |
| Q3 2024 | 1,262 | $66.6B |
| Q2 2024 | 1,213 | $53.8B |
| Q1 2024 | 1,222 | $61.5B |
| Q4 2023 | 1,214 | $63.1B |
| Q3 2023 | 1,081 | $42.6B |
| Q2 2023 | 1,127 | $50.6B |
| Q1 2023 | 1,028 | $36.8B |
| Q4 2022 | 973 | $26.7B |
| Q3 2022 | 883 | $19.6B |
| Q2 2022 | 968 | $22.2B |
| Q1 2022 | 1,149 | $52.1B |
| Q4 2021 | 1,352 | $108.3B |
| Q3 2021 | 1,228 | $104.0B |
| Q2 2021 | 1,213 | $111.4B |
| Q1 2021 | 1,158 | $82.9B |
Institutions, Q1 2025
Shares, value and share of portfolio for each institution holding Shopify Inc.; share changes are against Q4 2024.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Baillie Gifford & Co | 55,877,748 | $5.34B | 4.66% | −3,898,764−6.5% | Reduced |
| Capital World Investors | 52,101,843 | $4.97B | 0.81% | −1,000,864−1.9% | Reduced |
| FMR LLC | 49,239,719 | $4.69B | 0.30% | +5,507,642+12.6% | Added |
| Vanguard Group Inc | 47,962,280 | $4.56B | 0.08% | +882,168+1.9% | Added |
| Capital International Investors | 35,318,518 | $3.37B | 0.66% | −1,197,787−3.3% | Reduced |
| Price T Rowe Associates Inc | 34,008,966 | $3.25B | 0.40% | −7,892,382−18.8% | Reduced |
| Morgan Stanley | 30,040,695 | $2.87B | 0.21% | +455,942+1.5% | Added |
| JPMorgan Chase & Co | 28,110,871 | $2.68B | 0.20% | +4,597,678+19.6% | Added |
| Capital Research Global Investors | 23,292,570 | $2.22B | 0.48% | −457,896−1.9% | Reduced |
| Royal Bank of Canada | 19,545,576 | $1.87B | 0.42% | −582,332−2.9% | Reduced |
| FIL Ltd | 16,956,004 | $1.61B | 1.53% | +1,181,856+7.5% | Added |
| Arrowstreet Capital, Limited Partnership | 16,131,927 | $1.54B | 1.25% | −355,652−2.2% | Reduced |
| Polen Capital Management LLC | 15,270,075 | $1.46B | 4.58% | −1,809,405−10.6% | Reduced |
| Norges Bank | 14,553,802 | $1.39B | 0.19% | +48,946+0.3% | Added |
| Loomis Sayles & Co L P | 14,430,963 | $1.38B | 1.99% | −181,903−1.2% | Reduced |
| Sands Capital Management, LLC | 12,145,821 | $1.16B | 3.95% | −1,633,118−11.9% | Reduced |
| Bank of Montreal | 10,766,774 | $1.02B | 0.55% | −538,747−4.8% | Reduced |
| Franklin Resources Inc | 10,600,264 | $1.01B | 0.29% | −492,649−4.4% | Reduced |
| Bank of America Corp | 9,409,076 | $898.4M | 0.08% | +15,465+0.2% | Added |
| National Bank of Canada | 9,180,345 | $870.2M | 1.02% | +478,689+5.5% | Added |
| Geode Capital Management, LLC | 8,950,265 | $856.8M | 0.07% | +1,934,683+27.6% | Added |
| TD Asset Management Inc | 8,809,783 | $838.2M | 0.77% | −234,217−2.6% | Reduced |
| Edgewood Management LLC | 8,646,159 | $825.5M | 2.87% | +8,646,159 | New |
| Mackenzie Financial Corp | 8,648,734 | $822.7M | 1.17% | +1,426,406+19.7% | Added |
| Wellington Management Group LLP | 8,481,481 | $808.9M | 0.16% | +3,324,344+64.5% | Added |
| CIBC World Markets Inc. | 8,028,489 | $766.6M | 1.75% | −115,393−1.4% | Reduced |
| Artisan Partners Limited Partnership | 7,802,205 | $745.0M | 1.21% | +469,740+6.4% | Added |
| Nuveen, LLC | 7,007,689 | $667.4M | 0.21% | +7,007,689 | New |
| Goldman Sachs Group Inc | 6,859,863 | $655.0M | 0.12% | +3,303,521+92.9% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 6,602,764 | $628.2M | 2.74% | −492,618−6.9% | Reduced |
| Newlands Management Operations LLC | 6,325,050 | $603.9M | 4.09% | 00.0% | Unchanged |
| BlackRock, Inc. | 6,266,015 | $598.3M | 0.01% | +483,945+8.4% | Added |
| Manufacturers Life Insurance Company, The | 6,167,782 | $589.6M | 0.56% | −1,000,581−14.0% | Reduced |
| Legal & General Group Plc | 6,000,929 | $570.9M | 0.16% | +91,741+1.6% | Added |
| Canada Pension Plan Investment Board | 5,943,409 | $565.5M | 0.55% | +1,522,573+34.4% | Added |
| Massachusetts Financial Services Co | 5,649,162 | $539.4M | 0.18% | +979,598+21.0% | Added |
| Alliancebernstein L.P. | 5,554,420 | $530.3M | 0.19% | +1,094,840+24.6% | Added |
| Jennison Associates LLC | 5,280,781 | $504.2M | 0.35% | +4,036,326+324.3% | Added |
| Sumitomo Mitsui Trust Holdings, Inc. | 5,012,428 | $478.6M | 0.34% | −43,084−0.9% | Reduced |
| Clearbridge Investments, LLC | 4,985,839 | $476.0M | 0.42% | −842,866−14.5% | Reduced |
| Nikko Asset Management Americas, Inc. | 4,983,349 | $475.8M | 6.13% | −41,914−0.8% | Reduced |
| ARK Investment Management LLCSuperinvestorARK Invest | 4,444,225 | $424.3M | 4.25% | −60,799−1.3% | Reduced |
| Durable Capital Partners LP | 4,275,819 | $408.3M | 3.65% | +325,471+8.2% | Added |
| CIBC Asset Management Inc | 4,283,981 | $408.1M | 1.35% | −396,468−8.5% | Reduced |
| Janus Henderson Group PLC | 4,161,121 | $402.3M | 0.22% | −8,123−0.2% | Reduced |
| Invesco Ltd. | 4,039,479 | $385.7M | 0.07% | +2,514,152+164.8% | Added |
| Jarislowsky, Fraser Ltd | 3,999,810 | $380.5M | 2.38% | −116,205−2.8% | Reduced |
| Bank of Nova Scotia | 3,776,820 | $359.3M | 0.81% | +5,270+0.1% | Added |
| Swiss National Bank | 3,451,700 | $328.6M | 0.23% | −68,100−1.9% | Reduced |
| Scge Management, L.P. | 3,386,000 | $323.3M | 9.32% | −296,000−8.0% | Reduced |
| Bank of New York Mellon Corp | 3,361,164 | $320.9M | 0.06% | −311,139−8.5% | Reduced |
| HRT Financial LP | 3,198,624 | $305.4M | 1.93% | +3,198,624 | New |
| British Columbia Investment Management Corp | 2,924,549 | $278.3M | 1.71% | +275,248+10.4% | Added |
| Wells Fargo & Company | 2,879,644 | $274.9M | 0.07% | +156,712+5.8% | Added |
| Ameriprise Financial Inc | 2,815,042 | $269.9M | 0.07% | −54,467−1.9% | Reduced |
| SEI Investments Co | 2,748,695 | $262.4M | 0.34% | +235,128+9.4% | Added |
| Millennium Management LLC | 2,539,108 | $242.4M | 0.24% | +1,405,328+124.0% | Added |
| Charles Schwab Investment Management Inc | 2,539,348 | $241.5M | 0.05% | +46,262+1.9% | Added |
| Bamco Inc | 2,519,934 | $240.6M | 0.71% | −61,323−2.4% | Reduced |
| Jane Street Group, LLC | 2,508,807 | $239.5M | 0.43% | +2,073,618+476.5% | Added |
| Zevenbergen Capital Investments LLC | 2,412,839 | $230.4M | 5.62% | −209,023−8.0% | Reduced |
| Qube Research & Technologies Ltd | 2,367,631 | $226.0M | 0.35% | +1,211,066+104.7% | Added |
| Winslow Capital Management, LLC | 2,590,599 | $222.8M | 0.89% | +97,455+3.9% | Added |
| Ashe Capital Management, LP | 2,185,712 | $208.7M | 18.66% | 00.0% | Unchanged |
| Raymond James Financial Inc | 2,128,354 | $205.7M | 0.08% | −15,483−0.7% | Reduced |
| Alberta Investment Management Corp | 2,050,577 | $195.2M | 1.34% | +10,932+0.5% | Added |
| Mirova US LLC | 2,034,159 | $194.2M | 2.31% | +62,458+3.2% | Added |
| Envestnet Asset Management Inc | 2,024,792 | $193.3M | 0.06% | −38,641−1.9% | Reduced |
| Deutsche Bank AG | 1,974,526 | $188.5M | 0.07% | +45,656+2.4% | Added |
| American Century Companies Inc | 1,923,082 | $183.3M | 0.11% | +459,523+31.4% | Added |
| Northern Trust Corp | 1,909,712 | $182.3M | 0.03% | +236,677+14.1% | Added |
| Pictet Asset Management Holding SA | 1,881,542 | $179.3M | 0.20% | −289,324−13.3% | Reduced |
| ICONIQ Capital, LLC | 1,858,674 | $177.5M | 3.15% | +7360.0% | Added |
| MUFG Securities (Canada), Ltd. | 1,854,543 | $176.4M | 6.15% | +2,512+0.1% | Added |
| Toronto Dominion Bank | 1,841,646 | $175.2M | 0.45% | −845,592−31.5% | Reduced |
| 1832 Asset Management L.P. | 1,802,230 | $172.1M | 0.33% | −122,289−6.4% | Reduced |
| Strategy Capital LLC | 1,751,328 | $167.2M | 15.68% | −83,863−4.6% | Reduced |
| Barton Investment Management | 1,728,376 | $165.0M | 20.27% | −144,621−7.7% | Reduced |
| Federation des caisses Desjardins du Quebec | 1,672,448 | $158.8M | 0.79% | +113,711+7.3% | Added |
| UBS Asset Management Americas Inc | 1,648,853 | $157.4M | 0.04% | −581,367−26.1% | Reduced |
| Marshall Wace, LLP | 1,573,375 | $150.2M | 0.20% | −297,516−15.9% | Reduced |
| Gilder Gagnon Howe & Co LLC | 1,521,462 | $145.3M | 1.90% | +17,781+1.2% | Added |
| Natixis Advisors, L.P. | 1,499,227 | $143.1M | 0.26% | −64,180−4.1% | Reduced |
| UBS Group AG | 1,483,356 | $141.6M | 0.03% | −343,066−18.8% | Reduced |
| Russell Investments Group, Ltd. | 1,480,439 | $141.4M | 0.19% | +41,735+2.9% | Added |
| Rathbone Brothers plc | 1,472,149 | $140.6M | 0.68% | +579,017+64.8% | Added |
| Federated Hermes, Inc. | 1,447,767 | $140.0M | 0.30% | −51,071−3.4% | Reduced |
| Lord, Abbett & Co. LLC | 1,426,562 | $136.1M | 0.48% | −224,660−13.6% | Reduced |
| Polar Capital Holdings Plc | 1,413,899 | $135.0M | 0.84% | −1,098,389−43.7% | Reduced |
| Amundi | 1,620,689 | $133.4M | 0.05% | −328,980−16.9% | Reduced |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 1,395,235 | $133.2M | 0.36% | −163,140−10.5% | Reduced |
| Caisse de Depot Et Placement du Quebec | 1,340,230 | $127.5M | 0.27% | −266,295−16.6% | Reduced |
| Macquarie Group Ltd | 1,202,142 | $119.8M | 0.15% | +116,500+10.7% | Added |
| Public Investment Fund | 1,250,000 | $119.3M | 0.61% | 00.0% | Unchanged |
| TCW Group Inc | 1,233,469 | $117.7M | 1.05% | −6,410−0.5% | Reduced |
| Select Equity Group, L.P. | 1,166,979 | $111.4M | 0.50% | −2,388,508−67.2% | Reduced |
| LPL Financial LLC | 1,162,830 | $111.0M | 0.04% | +74,287+6.8% | Added |
| Addenda Capital Inc. | 798,607 | $109.3M | 4.04% | −71,262−8.2% | Reduced |
| Ensign Peak Advisors, Inc | 1,129,581 | $107.7M | 0.21% | +54,279+5.0% | Added |
| Citigroup Inc | 1,132,482 | $107.7M | 0.08% | +339,781+42.9% | Added |