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, Q3 2025
Institutional positions in Shopify Inc. as of Sep 30, 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
- 1,718
- +194 vs. Q2 2025
- Shares held
- 829.8M
- +2.07M (+0.3%) vs. Q2 2025
- Total value
- $123.4B
- +$27.9B (+29.2%) vs. Q2 2025
- New holders
- 276
- 560 more added
- Sold out
- 82
- 621 more reduced
31 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q2 2025: 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, Q3 2025
Shares, value and share of portfolio for each institution holding Shopify Inc.; share changes are against Q2 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Capital World Investors | 53,612,596 | $7.97B | 1.09% | −4,364,810−7.5% | Reduced |
| Vanguard Group Inc | 49,926,824 | $7.42B | 0.11% | +610,129+1.2% | Added |
| FMR LLC | 46,435,115 | $6.90B | 0.36% | +1,231,137+2.7% | Added |
| Capital International Investors | 38,612,671 | $5.74B | 0.93% | −1,443,988−3.6% | Reduced |
| Baillie Gifford & Co | 35,443,787 | $5.27B | 3.90% | −2,304,285−6.1% | Reduced |
| JPMorgan Chase & Co | 33,945,857 | $5.04B | 0.32% | +5,386,343+18.9% | Added |
| Morgan Stanley | 29,284,562 | $4.35B | 0.26% | −48,142−0.2% | Reduced |
| Price T Rowe Associates Inc | 26,433,139 | $3.93B | 0.42% | −5,240,796−16.5% | Reduced |
| Royal Bank of Canada | 22,416,270 | $3.33B | 0.59% | +1,146,382+5.4% | Added |
| FIL Ltd | 19,175,536 | $2.85B | 2.24% | +48,557+0.3% | Added |
| Jennison Associates LLC | 18,923,431 | $2.81B | 1.64% | +7,403,821+64.3% | Added |
| Loomis Sayles & Co L P | 14,810,603 | $2.20B | 2.62% | +187,816+1.3% | Added |
| Bank of Montreal | 13,647,796 | $2.03B | 0.89% | +2,313,710+20.4% | Added |
| Invesco Ltd. | 12,774,119 | $1.90B | 0.30% | +2,807,073+28.2% | Added |
| Geode Capital Management, LLC | 11,863,584 | $1.77B | 0.11% | +1,131,789+10.5% | Added |
| Polen Capital Management LLC | 11,060,906 | $1.64B | 5.34% | −3,629,254−24.7% | Reduced |
| Bank of America Corp | 11,020,264 | $1.64B | 0.12% | −441,114−3.8% | Reduced |
| Goldman Sachs Group Inc | 9,985,807 | $1.48B | 0.21% | +669,896+7.2% | Added |
| National Bank of Canada | 9,845,580 | $1.46B | 1.65% | −604,319−5.8% | Reduced |
| Capital Research Global Investors | 9,512,437 | $1.41B | 0.27% | −345,414−3.5% | Reduced |
| Franklin Resources Inc | 9,438,528 | $1.40B | 0.35% | −863,283−8.4% | Reduced |
| Mackenzie Financial Corp | 9,133,454 | $1.36B | 1.64% | −158,031−1.7% | Reduced |
| BlackRock, Inc. | 8,783,801 | $1.31B | 0.02% | +773,737+9.7% | Added |
| Edgewood Management LLC | 8,727,511 | $1.30B | 4.60% | −830,556−8.7% | Reduced |
| TD Asset Management Inc | 8,528,510 | $1.27B | 1.03% | +118,836+1.4% | Added |
| Arrowstreet Capital, Limited Partnership | 8,312,352 | $1.24B | 0.78% | −3,584,441−30.1% | Reduced |
| Manufacturers Life Insurance Company, The | 8,108,074 | $1.20B | 0.99% | +2,619,512+47.7% | Added |
| Wellington Management Group LLP | 8,070,517 | $1.20B | 0.21% | −1,486,955−15.6% | Reduced |
| CIBC World Markets Inc. | 7,384,970 | $1.10B | 2.27% | +17,151+0.2% | Added |
| Nuveen, LLC | 7,126,085 | $1.06B | 0.28% | −1,792,333−20.1% | Reduced |
| Sands Capital Management, LLC | 6,937,271 | $1.03B | 2.84% | −555,344−7.4% | Reduced |
| Artisan Partners Limited Partnership | 6,881,474 | $1.02B | 1.47% | −460,369−6.3% | Reduced |
| Connor, Clark & Lunn Investment Management Ltd. | 6,588,934 | $978.7M | 3.08% | +213,315+3.3% | Added |
| Newlands Management Operations LLC | 6,325,050 | $940.0M | 4.46% | 00.0% | Unchanged |
| Legal & General Group Plc | 6,188,885 | $919.7M | 0.21% | +260,968+4.4% | Added |
| Massachusetts Financial Services Co | 5,536,825 | $822.8M | 0.25% | +973,132+21.3% | Added |
| Canada Pension Plan Investment Board | 5,383,374 | $799.6M | 0.56% | +102,965+1.9% | Added |
| Alliancebernstein L.P. | 5,379,385 | $799.4M | 0.25% | −120,794−2.2% | Reduced |
| Janus Henderson Group PLC | 5,041,453 | $749.2M | 0.34% | +124,772+2.5% | Added |
| Jarislowsky, Fraser Ltd | 4,861,383 | $722.4M | 3.97% | −221,596−4.4% | Reduced |
| ARK Investment Management LLCSuperinvestorARK Invest | 4,815,833 | $715.7M | 4.26% | −233,675−4.6% | Reduced |
| Bank of Nova Scotia | 4,574,057 | $679.7M | 1.20% | +910,706+24.9% | Added |
| Durable Capital Partners LP | 4,543,835 | $675.3M | 5.00% | 00.0% | Unchanged |
| CIBC Asset Management Inc | 4,360,113 | $648.9M | 1.88% | +108,887+2.6% | Added |
| Clearbridge Investments, LLC | 4,354,811 | $647.2M | 0.49% | −808,462−15.7% | Reduced |
| Sumitomo Mitsui Trust Holdings, Inc. | 4,175,583 | $620.5M | 0.36% | −1,055,674−20.2% | Reduced |
| Nikko Asset Management Americas, Inc. | 3,968,593 | $589.7M | 5.71% | −1,045,405−20.8% | Reduced |
| Swiss National Bank | 3,510,500 | $521.8M | 0.30% | −190,400−5.1% | Reduced |
| Bank of New York Mellon Corp | 3,476,805 | $516.7M | 0.09% | −292,270−7.8% | Reduced |
| 1832 Asset Management L.P. | 3,440,108 | $511.2M | 0.87% | +331,545+10.7% | Added |
| Wells Fargo & Company | 3,412,417 | $507.1M | 0.10% | +96,300+2.9% | Added |
| Amundi | 2,948,305 | $485.0M | 0.16% | +332,033+12.7% | Added |
| Winslow Capital Management, LLC | 3,257,696 | $484.1M | 1.60% | +670,684+25.9% | Added |
| Deutsche Bank AG | 3,118,388 | $463.4M | 0.16% | +260,877+9.1% | Added |
| Mirova US LLC | 2,882,479 | $428.4M | 4.33% | −142,276−4.7% | Reduced |
| SEI Investments Co | 2,674,370 | $397.4M | 0.43% | +87,352+3.4% | Added |
| Charles Schwab Investment Management Inc | 2,594,730 | $385.6M | 0.06% | −27,765−1.1% | Reduced |
| British Columbia Investment Management Corp | 2,450,287 | $363.9M | 2.08% | +185,219+8.2% | Added |
| UBS Group AG | 2,396,664 | $356.2M | 0.07% | −32,804−1.4% | Reduced |
| Toronto Dominion Bank | 2,349,656 | $349.0M | 0.68% | +401,875+20.6% | Added |
| Gilder Gagnon Howe & Co LLC | 2,314,457 | $344.0M | 3.50% | −76,292−3.2% | Reduced |
| Raymond James Financial Inc | 2,311,750 | $343.5M | 0.11% | +62,418+2.8% | Added |
| Bamco Inc | 2,285,499 | $339.6M | 0.90% | −379,441−14.2% | Reduced |
| Ameriprise Financial Inc | 2,202,211 | $328.8M | 0.08% | −551,688−20.0% | Reduced |
| Select Equity Group, L.P. | 2,210,771 | $328.5M | 1.41% | −35,702−1.6% | Reduced |
| Ashe Capital Management, LP | 2,185,712 | $324.8M | 22.90% | 00.0% | Unchanged |
| Brown Advisory Inc | 2,158,080 | $320.7M | 0.42% | +91,196+4.4% | Added |
| Zevenbergen Capital Investments LLC | 2,051,940 | $304.9M | 5.93% | −259,059−11.2% | Reduced |
| MUFG Securities (Canada), Ltd. | 2,019,572 | $300.0M | 8.39% | −45,554−2.2% | Reduced |
| American Century Companies Inc | 1,997,153 | $296.8M | 0.15% | −130,978−6.2% | Reduced |
| Federation des caisses Desjardins du Quebec | 1,987,328 | $294.5M | 1.16% | −30,858−1.5% | Reduced |
| Envestnet Asset Management Inc | 1,937,210 | $287.9M | 0.08% | −155,219−7.4% | Reduced |
| Strategy Capital LLC | 1,825,243 | $271.2M | 17.95% | −4,674−0.3% | Reduced |
| Barclays PLC | 1,769,734 | $263.0M | 0.10% | +161,246+10.0% | Added |
| Picton Mahoney Asset Management | 1,731,048 | $257.1M | 3.28% | −28,669−1.6% | Reduced |
| Barton Investment Management | 1,684,789 | $250.4M | 25.50% | −33,577−2.0% | Reduced |
| ICONIQ Capital, LLC | 1,667,602 | $247.8M | 3.08% | −7,871−0.5% | Reduced |
| Citigroup Inc | 1,665,976 | $247.6M | 0.17% | +159,723+10.6% | Added |
| Russell Investments Group, Ltd. | 1,545,732 | $229.8M | 0.26% | −30,604−1.9% | Reduced |
| Pictet Asset Management Holding SA | 1,529,932 | $227.4M | 0.22% | −50,957−3.2% | Reduced |
| Mirae Asset Global ETFs Holdings Ltd. | 1,510,753 | $224.5M | 0.36% | +116,122+8.3% | Added |
| Natixis Advisors, L.P. | 1,479,047 | $219.8M | 0.32% | +46,463+3.2% | Added |
| Rathbone Brothers plc | 1,478,608 | $219.7M | 0.89% | −99,224−6.3% | Reduced |
| Northern Trust Corp | 1,469,831 | $218.4M | 0.03% | −179,562−10.9% | Reduced |
| Healthcare of Ontario Pension Plan Trust Fund | 1,425,798 | $211.9M | 0.39% | +1,006,855+240.3% | Added |
| Federated Hermes, Inc. | 1,425,096 | $211.8M | 0.37% | −18,409−1.3% | Reduced |
| Lord, Abbett & Co. LLC | 1,377,812 | $204.8M | 0.61% | +54,773+4.1% | Added |
| Caisse de Depot Et Placement du Quebec | 1,340,070 | $199.1M | 0.36% | −12,494−0.9% | Reduced |
| LPL Financial LLC | 1,332,140 | $198.0M | 0.06% | +70,610+5.6% | Added |
| ProShare Advisors LLC | 1,322,439 | $196.5M | 0.41% | −336,589−20.3% | Reduced |
| Great West Life Assurance Co | 1,290,887 | $192.0M | 0.27% | +198,011+18.1% | Added |
| Castle Hook Partners LP | 1,231,484 | $183.0M | 2.77% | +12,599+1.0% | Added |
| First Trust Advisors LP | 1,185,345 | $176.1M | 0.13% | −370,778−23.8% | Reduced |
| Rockefeller Capital Management L.P. | 1,139,712 | $169.4M | 0.33% | +11,136+1.0% | Added |
| Scotia Capital Inc. | 1,136,539 | $168.4M | 0.72% | +21,045+1.9% | Added |
| TCW Group Inc | 1,103,166 | $163.9M | 1.37% | −128,021−10.4% | Reduced |
| Polar Capital Holdings Plc | 1,100,026 | $163.5M | 0.79% | −513,185−31.8% | Reduced |
| Macquarie Group Ltd | 1,083,725 | $161.1M | 0.19% | −130,484−10.7% | Reduced |
| Foxhaven Asset Management, LP | 1,051,834 | $156.3M | 3.91% | −300,957−22.2% | Reduced |
| Axiom Investors LLC | 1,021,941 | $151.9M | 1.12% | +272,199+36.3% | Added |