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, Q4 2025
Institutional positions in Shopify Inc. as of Dec 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
- 1,892
- +211 vs. Q3 2025
- Shares held
- 858.8M
- +35.1M (+4.3%) vs. Q3 2025
- Total value
- $138.3B
- +$15.8B (+12.9%) vs. Q3 2025
- New holders
- 325
- 645 more added
- Sold out
- 114
- 661 more reduced
37 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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, Q4 2025
Shares, value and share of portfolio for each institution holding Shopify Inc.; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Vanguard Group Inc | 50,670,627 | $8.16B | 0.12% | +743,803+1.5% | Added |
| FMR LLC | 48,003,077 | $7.73B | 0.39% | +1,567,962+3.4% | Added |
| Capital World Investors | 47,822,705 | $7.70B | 1.05% | −5,789,891−10.8% | Reduced |
| Invesco Ltd. | 41,493,470 | $6.68B | 0.63% | +28,719,351+224.8% | Added |
| Capital International Investors | 38,343,155 | $6.17B | 0.97% | −269,516−0.7% | Reduced |
| JPMorgan Chase & Co | 33,418,297 | $5.38B | 0.36% | −527,560−1.6% | Reduced |
| Baillie Gifford & Co | 31,206,232 | $5.02B | 4.17% | −4,237,555−12.0% | Reduced |
| Morgan Stanley | 26,453,143 | $4.26B | 0.25% | −2,831,419−9.7% | Reduced |
| Price T Rowe Associates Inc | 23,531,422 | $3.79B | 0.41% | −2,901,717−11.0% | Reduced |
| Royal Bank of Canada | 19,735,551 | $3.18B | 0.56% | −2,680,719−12.0% | Reduced |
| Jennison Associates LLC | 18,966,407 | $3.05B | 1.83% | +42,976+0.2% | Added |
| FIL Ltd | 18,385,371 | $2.96B | 2.22% | −790,165−4.1% | Reduced |
| Norges Bank | 16,224,694 | $2.61B | 0.28% | +16,224,694 | New |
| Loomis Sayles & Co L P | 14,470,169 | $2.33B | 2.81% | −340,434−2.3% | Reduced |
| Goldman Sachs Group Inc | 13,180,545 | $2.12B | 0.30% | +3,194,738+32.0% | Added |
| Geode Capital Management, LLC | 12,601,476 | $2.04B | 0.13% | +737,892+6.2% | Added |
| Bank of Montreal | 12,124,197 | $1.95B | 0.80% | −1,523,599−11.2% | Reduced |
| Bank of America Corp | 11,481,591 | $1.85B | 0.13% | +461,327+4.2% | Added |
| Mackenzie Financial Corp | 9,961,097 | $1.63B | 1.93% | +827,643+9.1% | Added |
| BlackRock, Inc. | 10,087,672 | $1.62B | 0.03% | +1,303,871+14.8% | Added |
| Sands Capital Management, LLC | 9,506,036 | $1.53B | 4.65% | +2,568,765+37.0% | Added |
| National Bank of Canada | 9,417,620 | $1.51B | 1.55% | −427,960−4.3% | Reduced |
| Canada Pension Plan Investment Board | 8,763,307 | $1.41B | 0.94% | +3,379,933+62.8% | Added |
| CIBC World Markets Inc. | 8,731,927 | $1.41B | 2.52% | +1,346,957+18.2% | Added |
| TD Asset Management Inc | 8,713,762 | $1.40B | 1.13% | +185,252+2.2% | Added |
| Franklin Resources Inc | 8,544,645 | $1.38B | 0.34% | −893,883−9.5% | Reduced |
| 1832 Asset Management L.P. | 7,813,418 | $1.26B | 1.59% | +4,373,310+127.1% | Added |
| Manufacturers Life Insurance Company, The | 7,758,705 | $1.25B | 1.03% | −349,369−4.3% | Reduced |
| Polen Capital Management LLC | 7,201,872 | $1.16B | 4.95% | −3,859,034−34.9% | Reduced |
| WCM Investment Management, LLC | 6,700,679 | $1.10B | 2.26% | +6,700,679 | New |
| Alliancebernstein L.P. | 6,550,340 | $1.05B | 0.33% | +1,170,955+21.8% | Added |
| Wellington Management Group LLP | 6,452,265 | $1.04B | 0.18% | −1,618,252−20.1% | Reduced |
| Legal & General Group Plc | 6,349,261 | $1.02B | 0.23% | +160,376+2.6% | Added |
| Newlands Management Operations LLC | 6,325,050 | $1.02B | 5.25% | 00.0% | Unchanged |
| Connor, Clark & Lunn Investment Management Ltd. | 6,202,273 | $998.7M | 2.62% | −386,661−5.9% | Reduced |
| Edgewood Management LLC | 6,199,459 | $997.9M | 4.75% | −2,528,052−29.0% | Reduced |
| Nuveen, LLC | 6,100,961 | $983.0M | 0.26% | −1,025,124−14.4% | Reduced |
| Arrowstreet Capital, Limited Partnership | 6,074,936 | $978.0M | 0.57% | −2,237,416−26.9% | Reduced |
| Massachusetts Financial Services Co | 5,892,833 | $948.6M | 0.31% | +356,008+6.4% | Added |
| Artisan Partners Limited Partnership | 4,393,240 | $707.2M | 1.08% | −2,488,234−36.2% | Reduced |
| Janus Henderson Group PLC | 4,423,410 | $704.4M | 0.32% | −618,043−12.3% | Reduced |
| CIBC Asset Management Inc | 4,280,528 | $691.4M | 1.67% | −79,585−1.8% | Reduced |
| Clearbridge Investments, LLC | 4,167,267 | $670.8M | 0.54% | −187,544−4.3% | Reduced |
| ARK Investment Management LLCSuperinvestorARK Invest | 3,978,898 | $640.5M | 4.25% | −836,935−17.4% | Reduced |
| Sumitomo Mitsui Trust Holdings, Inc. | 3,533,102 | $568.7M | 0.33% | −642,481−15.4% | Reduced |
| Deutsche Bank AG | 3,395,345 | $546.5M | 0.18% | +276,957+8.9% | Added |
| Wells Fargo & Company | 3,385,404 | $544.9M | 0.11% | −27,013−0.8% | Reduced |
| Bank of New York Mellon Corp | 3,336,091 | $537.0M | 0.09% | −140,714−4.0% | Reduced |
| Nikko Asset Management Americas, Inc. | 3,293,185 | $529.8M | 6.12% | −675,408−17.0% | Reduced |
| Swiss National Bank | 3,239,200 | $522.6M | 0.31% | −271,300−7.7% | Reduced |
| Toronto Dominion Bank | 3,211,014 | $517.0M | 0.91% | +861,358+36.7% | Added |
| Amundi | 3,115,972 | $501.6M | 0.14% | +167,667+5.7% | Added |
| Winslow Capital Management, LLC | 2,956,282 | $477.6M | 1.60% | −301,414−9.3% | Reduced |
| UBS Group AG | 2,827,294 | $455.1M | 0.09% | +430,630+18.0% | Added |
| Mirova US LLC | 2,785,943 | $448.5M | 4.50% | −96,536−3.3% | Reduced |
| Charles Schwab Investment Management Inc | 2,624,776 | $423.2M | 0.07% | +30,046+1.2% | Added |
| Bank of Nova Scotia | 2,574,111 | $414.5M | 0.61% | −1,999,946−43.7% | Reduced |
| SEI Investments Co | 2,515,035 | $404.8M | 0.40% | −159,335−6.0% | Reduced |
| ICONIQ Capital, LLC | 2,456,052 | $395.4M | 5.97% | +788,450+47.3% | Added |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 2,339,097 | $376.5M | 0.33% | +2,165,478+1,247.3% | Added |
| Bamco Inc | 2,288,270 | $368.3M | 1.00% | +2,771+0.1% | Added |
| Federation des caisses Desjardins du Quebec | 2,269,766 | $365.1M | 1.39% | +282,438+14.2% | Added |
| British Columbia Investment Management Corp | 2,257,790 | $363.5M | 1.92% | −192,497−7.9% | Reduced |
| Raymond James Financial Inc | 2,235,961 | $359.9M | 0.11% | −75,789−3.3% | Reduced |
| Gilder Gagnon Howe & Co LLC | 2,178,396 | $350.7M | 3.70% | −136,061−5.9% | Reduced |
| Ameriprise Financial Inc | 2,124,749 | $343.4M | 0.08% | −77,462−3.5% | Reduced |
| Durable Capital Partners LP | 2,043,219 | $328.9M | 3.11% | −2,500,616−55.0% | Reduced |
| Castle Hook Partners LP | 1,979,636 | $318.7M | 4.58% | +748,152+60.8% | Added |
| Picton Mahoney Asset Management | 1,932,932 | $311.7M | 3.41% | +201,884+11.7% | Added |
| Capital Research Global Investors | 1,917,942 | $308.7M | 0.06% | −7,594,495−79.8% | Reduced |
| Marshall Wace, LLP | 1,899,719 | $305.8M | 0.29% | +1,202,507+172.5% | Added |
| ProShare Advisors LLC | 1,899,632 | $305.8M | 0.54% | +577,193+43.6% | Added |
| MUFG Securities (Canada), Ltd. | 1,862,000 | $299.9M | 8.34% | −157,572−7.8% | Reduced |
| Envestnet Asset Management Inc | 1,849,293 | $297.7M | 0.09% | −87,917−4.5% | Reduced |
| Northern Trust Corp | 1,773,610 | $285.5M | 0.04% | +303,779+20.7% | Added |
| Ashe Capital Management, LP | 1,750,240 | $281.7M | 27.30% | −435,472−19.9% | Reduced |
| Barclays PLC | 1,749,625 | $281.6M | 0.11% | −20,109−1.1% | Reduced |
| Brown Advisory Inc | 1,744,474 | $280.8M | 0.39% | −413,606−19.2% | Reduced |
| Polar Capital Holdings Plc | 1,678,793 | $270.2M | 1.24% | +578,767+52.6% | Added |
| Zevenbergen Capital Investments LLC | 1,674,737 | $269.6M | 6.00% | −377,203−18.4% | Reduced |
| Barton Investment Management | 1,640,426 | $264.1M | 28.45% | −44,363−2.6% | Reduced |
| Mirae Asset Global ETFs Holdings Ltd. | 1,636,407 | $263.5M | 0.39% | +125,654+8.3% | Added |
| Strategy Capital LLC | 1,635,575 | $263.3M | 19.42% | −189,668−10.4% | Reduced |
| Natixis Advisors, L.P. | 1,586,104 | $255.3M | 0.36% | +107,057+7.2% | Added |
| Russell Investments Group, Ltd. | 1,544,992 | $249.3M | 0.27% | −7400.0% | Reduced |
| Lord, Abbett & Co. LLC | 1,423,900 | $229.2M | 0.70% | +46,088+3.3% | Added |
| Caisse de Depot Et Placement du Quebec | 1,411,721 | $227.6M | 0.39% | +71,651+5.3% | Added |
| Rathbone Brothers plc | 1,401,781 | $225.6M | 0.88% | −76,827−5.2% | Reduced |
| Voya Investment Management LLC | 1,392,374 | $224.1M | 0.22% | +1,376,100+8,455.8% | Added |
| LPL Financial LLC | 1,376,322 | $221.5M | 0.06% | +44,182+3.3% | Added |
| Pictet Asset Management Holding SA | 1,364,459 | $219.8M | 0.21% | −165,473−10.8% | Reduced |
| Citigroup Inc | 1,336,660 | $215.5M | 0.15% | −329,316−19.8% | Reduced |
| Federated Hermes, Inc. | 1,334,162 | $214.8M | 0.36% | −90,934−6.4% | Reduced |
| D. E. Shaw & Co., Inc. | 1,280,169 | $206.1M | 0.16% | +1,029,826+411.4% | Added |
| Healthcare of Ontario Pension Plan Trust Fund | 1,215,033 | $195.6M | 0.33% | −210,765−14.8% | Reduced |
| Scotia Capital Inc. | 1,161,177 | $186.7M | 0.75% | +24,638+2.2% | Added |
| Thrivent Financial for Lutherans | 1,148,259 | $184.9M | 0.33% | +1,132,545+7,207.2% | Added |
| Axiom Investors LLC | 1,098,515 | $176.8M | 1.55% | +76,574+7.5% | Added |
| Steadfast Capital Management LP | 1,075,656 | $173.1M | 3.03% | +127,332+13.4% | Added |
| American Century Companies Inc | 1,071,332 | $172.5M | 0.09% | −925,821−46.4% | Reduced |