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 |
|---|---|---|---|---|---|
| Janney Montgomery Scott LLC | 181,690 | $27.0M | 0.06% | −7,380−3.9% | Reduced |
| Atria Investments LLC | 181,450 | $27.0M | 0.31% | −9,373−4.9% | Reduced |
| Maryland State Retirement & Pension System | 177,574 | $26.4M | 0.55% | +12,229+7.4% | Added |
| Colony Group, LLC | 175,763 | $26.1M | 0.04% | +25,235+16.8% | Added |
| Baker Avenue Asset Management, LP | 175,589 | $26.1M | 0.62% | −14,488−7.6% | Reduced |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 173,619 | $25.8M | 0.02% | +41,800+31.7% | Added |
| Perpetual Ltd | 173,569 | $25.8M | 0.32% | +1,289+0.7% | Added |
| Skandinaviska Enskilda Banken AB (publ) | 172,131 | $25.6M | 0.10% | +2,949+1.7% | Added |
| Marcho Partners LLP | 169,561 | $25.2M | 10.12% | −47,115−21.7% | Reduced |
| Sanctuary Advisors, LLC | 168,453 | $25.0M | 0.14% | +19,170+12.8% | Added |
| Swiss Life Asset Management Ltd | 166,613 | $24.8M | 0.13% | +26,808+19.2% | Added |
| Lyell Wealth Management, LP | 164,768 | $24.5M | 1.82% | −480.0% | Reduced |
| Triasima Portfolio Management inc. | 164,310 | $24.4M | 3.69% | +30,061+22.4% | Added |
| Pathstone Holdings, LLC | 164,004 | $24.4M | 0.09% | +21,767+15.3% | Added |
| MML Investors Services, LLC | 163,722 | $24.3M | 0.06% | +2,963+1.8% | Added |
| Thompson Siegel & Walmsley LLC | 162,040 | $24.1M | 0.39% | −900−0.6% | Reduced |
| Daiwa Securities Group Inc. | 162,007 | $24.1M | 0.08% | −37,129−18.6% | Reduced |
| Nissay Asset Management Corp | 161,660 | $24.0M | 0.13% | +4,190+2.7% | Added |
| D.A. Davidson & Co. | 161,391 | $24.0M | 0.15% | +179+0.1% | Added |
| Arthedge Capital Management, LLC | 160,000 | $23.8M | 16.04% | −28,000−14.9% | Reduced |
| Wealth Enhancement Advisory Services, LLC | 147,103 | $23.7M | 0.04% | −10,310−6.5% | Reduced |
| Quantinno Capital Management LP | 159,606 | $23.7M | 0.06% | +52,373+48.8% | Added |
| Harvest Fund Management Co., Ltd | 158,836 | $23.6M | 1.00% | +86,667+120.1% | Added |
| Davy Global Fund Management Ltd | 158,514 | $23.6M | 1.60% | +62,743+65.5% | Added |
| Baird Financial Group, Inc. | 155,174 | $23.1M | 0.04% | +46,247+42.5% | Added |
| Ossiam | 154,836 | $23.0M | 0.30% | +99,755+181.1% | Added |
| Welch & Forbes LLC | 150,548 | $22.4M | 0.27% | +4,432+3.0% | Added |
| Investment Management Corp of Ontario | 149,437 | $22.2M | 0.34% | −51,320−25.6% | Reduced |
| One Madison Group LLC | 148,000 | $22.0M | 2.41% | −132,000−47.1% | Reduced |
| Gryphon Financial Partners LLC | 147,556 | $21.9M | 2.50% | +2,174+1.5% | Added |
| Apollon Wealth Management, LLC | 147,192 | $21.9M | 0.39% | +21,603+17.2% | Added |
| Qube Research & Technologies Ltd | 145,604 | $21.6M | 0.03% | −66,938−31.5% | Reduced |
| iA Global Asset Management Inc. | 141,324 | $21.0M | 0.29% | +6,414+4.8% | Added |
| Thornburg Investment Management Inc | 141,135 | $21.0M | 0.27% | −31,551−18.3% | Reduced |
| Generali Asset Management SPA SGR | 100,145 | $20.7M | 0.44% | +6,641+7.1% | Added |
| Glenmede Investment Management, LP | 139,027 | $20.7M | 0.10% | −43,297−23.7% | Reduced |
| Nomura Holdings Inc | 138,288 | $20.6M | 0.09% | +125,338+967.9% | Added |
| Dash Acquisitions Inc. | 113,401 | $20.3M | 4.03% | −2,082−1.8% | Reduced |
| Henry James International Management, Inc. | 135,581 | $20.1M | 6.16% | −2,028−1.5% | Reduced |
| Utah Retirement Systems | 135,481 | $20.1M | 0.20% | +244+0.2% | Added |
| Shelton Capital Management | 134,571 | $20.0M | 0.43% | −3,071−2.2% | Reduced |
| Science & Technology Partners, L.P. | 133,739 | $19.9M | 5.64% | +130,239+3,721.1% | Added |
| Vestmark Advisory Solutions, Inc. | 132,672 | $19.7M | 0.38% | −109,793−45.3% | Reduced |
| BI Asset Management Fondsmaeglerselskab A/S | 132,396 | $19.7M | 0.18% | −99,343−42.9% | Reduced |
| Oribel Capital Management, LP | 132,300 | $19.7M | 2.30% | +132,300 | New |
| SG Americas Securities, LLC | 131,594 | $19.6M | 0.07% | −45,632−25.7% | Reduced |
| Agf Management Ltd | 129,131 | $19.3M | 0.09% | −42,396−24.7% | Reduced |
| Telemark Asset Management, LLC | 130,000 | $19.3M | 1.83% | +30,000+30.0% | Added |
| Genus Capital Management Inc. | 129,743 | $19.3M | 2.24% | −14,342−10.0% | Reduced |
| Cresset Asset Management, LLC | 128,973 | $19.2M | 0.08% | +3,133+2.5% | Added |
| CMT Capital Markets Trading GmbH | 127,250 | $18.9M | 7.86% | −32,250−20.2% | Reduced |
| Ithaka Group LLC | 125,364 | $18.6M | 3.18% | −93−0.1% | Reduced |
| Meridian Wealth Management, LLC | 123,675 | $18.4M | 0.70% | +838+0.7% | Added |
| Nepsis, Inc. | 121,994 | $18.1M | 5.75% | −18,475−13.2% | Reduced |
| The PNC Financial Services Group, Inc. | 121,232 | $18.0M | 0.01% | −186−0.2% | Reduced |
| Mediolanum International Funds Ltd | 119,719 | $17.8M | 0.19% | +9,742+8.9% | Added |
| Parkwood LLC | 119,027 | $17.7M | 1.72% | +119,027 | New |
| Parallax Volatility Advisers, L.P. | 117,919 | $17.5M | 0.52% | +95,492+425.8% | Added |
| Texas Yale Capital Corp. | 117,792 | $17.5M | 0.55% | 00.0% | Unchanged |
| CI Private Wealth, LLC | 119,377 | $17.5M | 0.03% | +34,536+40.7% | Added |
| State of Michigan Retirement System | 117,200 | $17.4M | 0.08% | 00.0% | Unchanged |
| Van Eck Associates Corp | 116,742 | $17.3M | 0.02% | −7,892−6.3% | Reduced |
| Cerity Partners LLC | 116,464 | $17.3M | 0.03% | +6,009+5.4% | Added |
| Carnegie Capital Asset Management, LLC | 116,103 | $17.3M | 0.33% | +4,410+3.9% | Added |
| Lido Advisors, LLC | 112,587 | $16.7M | 0.07% | +37,456+49.9% | Added |
| Lazard Asset Management LLC | 111,761 | $16.6M | 0.02% | +106,405+1,986.7% | Added |
| Jones Financial Companies LLLP | 116,880 | $16.4M | 0.01% | +21,468+22.5% | Added |
| Baltimore-Washington Financial Advisors, Inc. | 110,104 | $16.4M | 0.70% | +6,420+6.2% | Added |
| Yarbrough Capital, LLC | 110,020 | $16.4M | 0.51% | 00.0% | Unchanged |
| Tocqueville Asset Management L.P. | 109,634 | $16.3M | 0.24% | −500.0% | Reduced |
| Oddo BHF Asset Management SAS | 108,400 | $16.1M | 0.61% | −3,415−3.1% | Reduced |
| NorthCrest Asset Manangement, LLC | 98,439 | $15.9M | 0.38% | +2,012+2.1% | Added |
| Sierra Summit Advisors LLC | 105,986 | $15.8M | 2.40% | +2,015+1.9% | Added |
| Asset Management One Co.,Ltd. | 105,719 | $15.7M | 0.05% | +3,818+3.7% | Added |
| Man Group plc | 103,472 | $15.4M | 0.03% | +21,639+26.4% | Added |
| Markel Group Inc.SuperinvestorMarkel Group | 102,750 | $15.3M | 0.12% | 00.0% | Unchanged |
| Skye Global Management LP | 102,000 | $15.2M | 0.31% | +33,500+48.9% | Added |
| Acadian Asset Management LLC | 101,613 | $15.1M | 0.03% | −96,783−48.8% | Reduced |
| Louisbourg Investments Inc. | 101,446 | $15.1M | 3.29% | −6,841−6.3% | Reduced |
| La Banque Postale Asset Management SA | 100,268 | $14.9M | 0.18% | −47,525−32.2% | Reduced |
| Bornite Capital Management LP | 100,000 | $14.9M | 1.38% | +100,000 | New |
| Mitsubishi UFJ Kokusai Asset Management Co., Ltd. | 99,739 | $14.8M | 0.01% | +2,006+2.1% | Added |
| Harvest Portfolios Group Inc. | 97,669 | $14.5M | 0.27% | +97,669 | New |
| Covenant Asset Management, LLC | 96,987 | $14.4M | 2.72% | −569−0.6% | Reduced |
| Thoroughbred Financial Services, LLC | 96,653 | $14.4M | 0.89% | −1,156−1.2% | Reduced |
| Mane Global Capital Management LP | 96,500 | $14.3M | 0.67% | +96,500 | New |
| Pacer Advisors, Inc. | 95,173 | $14.1M | 0.04% | −4,838−4.8% | Reduced |
| Lombard Odier Asset Management (Switzerland) SA | 40,668 | $14.0M | 0.65% | +307+0.8% | Added |
| Aristotle Atlantic Partners, LLC | 93,741 | $13.9M | 0.40% | +93,741 | New |
| Marsico Capital Management LLC | 91,627 | $13.6M | 0.35% | +91,627 | New |
| Sustainable Growth Advisers, LP | 90,842 | $13.5M | 0.08% | −37,820−29.4% | Reduced |
| Tairen Capital Ltd | 89,700 | $13.3M | 1.44% | +89,700 | New |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 89,365 | $13.3M | 0.03% | −1,251,248−93.3% | Reduced |
| Louisiana State Employees Retirement System | 89,000 | $13.2M | 0.22% | −100−0.1% | Reduced |
| Profund Advisors LLC | 88,235 | $13.1M | 0.43% | −2,378−2.6% | Reduced |
| Advisory Services Network, LLC | 88,198 | $13.1M | 0.19% | +15,264+20.9% | Added |
| Equitable Holdings, Inc. | 88,173 | $13.1M | 0.10% | +2,161+2.5% | Added |
| Ariose Capital Management Ltd | 87,200 | $13.0M | 4.35% | +87,200 | New |
| Tower Research Capital LLC (TRC) | 86,813 | $12.9M | 0.36% | +59,462+217.4% | Added |
| Kestra Advisory Services, LLC | 86,764 | $12.9M | 0.06% | +1,297+1.5% | Added |