Skip to main content
Livermore
Livermore
ZHEN

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.

Institutional holdersQ4 2025: 1,892 institutions
Q1 2021: 1,158 institutionsQ2 2021: 1,213 institutionsQ3 2021: 1,228 institutionsQ4 2021: 1,352 institutionsQ1 2022: 1,149 institutionsQ2 2022: 968 institutionsQ3 2022: 883 institutionsQ4 2022: 973 institutionsQ1 2023: 1,028 institutionsQ2 2023: 1,127 institutionsQ3 2023: 1,081 institutionsQ4 2023: 1,214 institutionsQ1 2024: 1,222 institutionsQ2 2024: 1,213 institutionsQ3 2024: 1,262 institutionsQ4 2024: 1,490 institutionsQ1 2025: 1,480 institutionsQ2 2025: 1,555 institutionsQ3 2025: 1,718 institutionsQ4 2025: 1,892 institutionsQ1 2026: 1,741 institutionsQ2 2026: 1,719 institutions
Value heldQ4 2025: $138.3B
Q1 2021: $82.9BQ2 2021: $111.4BQ3 2021: $104.0BQ4 2021: $108.3BQ1 2022: $52.1BQ2 2022: $22.2BQ3 2022: $19.6BQ4 2022: $26.7BQ1 2023: $36.8BQ2 2023: $50.6BQ3 2023: $42.6BQ4 2023: $63.1BQ1 2024: $61.5BQ2 2024: $53.8BQ3 2024: $66.6BQ4 2024: $88.7BQ1 2025: $80.9BQ2 2025: $97.4BQ3 2025: $123.4BQ4 2025: $138.3BQ1 2026: $99.1BQ2 2026: $94.6B
Institutions holding SHOP and their total value by quarter
QuarterHoldersValue
Q2 20261,719$94.6B
Q1 20261,741$99.1B
Q4 20251,892$138.3B
Q3 20251,718$123.4B
Q2 20251,555$97.4B
Q1 20251,480$80.9B
Q4 20241,490$88.7B
Q3 20241,262$66.6B
Q2 20241,213$53.8B
Q1 20241,222$61.5B
Q4 20231,214$63.1B
Q3 20231,081$42.6B
Q2 20231,127$50.6B
Q1 20231,028$36.8B
Q4 2022973$26.7B
Q3 2022883$19.6B
Q2 2022968$22.2B
Q1 20221,149$52.1B
Q4 20211,352$108.3B
Q3 20211,228$104.0B
Q2 20211,213$111.4B
Q1 20211,158$82.9B

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Shopify Inc.; share changes are against Q3 2025.

Institutions holding SHOP in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
High Note Wealth, LLC1$1610.00%00.0%Unchanged
Rakuten Securities, Inc.1$1610.00%00.0%Unchanged
REAP Financial Group, LLC1$1610.00%00.0%Unchanged
Stephens Consulting, LLC2$3220.00%00.0%Unchanged
Bullseye Investment Management, LLC2$3220.00%+2New
Gunpowder Capital Management, LLC dba Oliver Wealth Management2$3220.00%+2New
Comprehensive Financial Planning, Inc.3$4820.00%+3New
Albion Financial Group3$4830.00%00.0%Unchanged
PayPay Securities Corp7$1.13K0.03%00.0%Unchanged
Blume Capital Management, Inc.8$1.29K0.00%00.0%Unchanged
Cheviot Value Management, LLC10$1.39K0.00%00.0%Unchanged
Gordian Capital Singapore Pte Ltd10$1.61K0.00%−800−98.8%Reduced
Imprint Wealth LLC10$1.61K0.01%−128−92.8%Reduced
Accordant Advisory Group Inc10$1.61K0.00%00.0%Unchanged
Berkshire Capital Holdings Inc10$1.61K0.00%00.0%Unchanged
Measured Wealth Private Client Group, LLC10$1.61K0.00%+10New
Gilpin Wealth Management, LLC10$1.61K0.00%+10New
High Point Wealth Management, LLC10$1.61K0.00%+10New
Essential Investment Partners LLC10$1.61K0.00%+10New
New England Capital Financial Advisors LLC11$1.77K0.00%00.0%Unchanged
MV Capital Management, Inc.13$2.09K0.00%+13New
Bravera Wealth13$2.09K0.00%+13New
Security National Bank14$2.25K0.00%00.0%Unchanged
Ares Financial Consulting, LLC15$2.42K0.00%+15New
Salomon & Ludwin, LLC16$2.66K0.00%00.0%Unchanged
Pacific Center for Financial Services18$2.67K0.00%00.0%Unchanged
Private Wealth Asset Management, LLC18$2.90K0.00%00.0%Unchanged
LM Advisors LLC480$2.98K0.06%−3,340−87.4%Reduced
Raleigh Capital Management Inc.19$3.06K0.00%+19New
New Millennium Group LLC20$3.22K0.00%−30−60.0%Reduced
Marshall & Sterling Wealth Advisors Inc.20$3.22K0.00%−8−28.6%Reduced
Caldwell Sutter Capital, Inc.20$3.22K0.00%00.0%Unchanged
Duncker Streett & Co Inc20$3.22K0.00%00.0%Unchanged
United Community Bank20$3.22K0.00%+20New
American Capital Advisory, LLC20$3.22K0.00%00.0%Unchanged
Retirement Wealth Solutions LLC22$3.54K0.00%00.0%Unchanged
Central Trust Co23$3.69K0.00%−7−23.3%Reduced
Luken Investment Analytics, LLC25$4.02K0.00%+25New
Beacon Financial Strategies CORP27$4.35K0.00%+27New
Winch Advisory Services, LLC29$4.67K0.00%00.0%Unchanged
Steigerwald, Gordon & Koch Inc.29$4.67K0.00%+29New
Signature Resources Capital Management, LLC29$4.67K0.00%+29New
Reyes Financial Architecture, Inc.29$4.67K0.00%+29New
Maseco LLP30$4.83K0.00%00.0%Unchanged
Fourth Dimension Wealth, LLC30$4.83K0.00%00.0%Unchanged
Prestige Wealth Management Group LLC30$4.83K0.00%00.0%Unchanged
Roble, Belko & Company, Inc30$5.00K0.00%00.0%Unchanged
JNBA Financial Advisors32$5.15K0.00%+32New
Granite FO LLC33$5.31K0.00%00.0%Unchanged
Beaird Harris Wealth Management, LLC34$5.53K0.00%00.0%Unchanged
Front Row Advisors LLC35$5.63K0.00%00.0%Unchanged
HFM Investment Advisors, LLC36$5.79K0.00%+36New
Whipplewood Advisors, LLC37$5.96K0.00%+37New
Covestor Ltd39$6.00K0.00%−32−45.1%Reduced
City Holding Co38$6.12K0.00%00.0%Unchanged
Bruce G. Allen Investments, LLC39$6.28K0.00%−1−2.5%Reduced
Legacy Wealth Managment, LLC39$6.28K0.00%+3+8.3%Added
Vision Financial Markets LLC40$6.44K0.01%00.0%Unchanged
NBT Bank N A161$6.44K0.00%+12+8.1%Added
TCTC Holdings, LLC42$6.76K0.00%00.0%Unchanged
Vermillion Wealth Management, Inc.42$6.76K0.00%00.0%Unchanged
Copia Wealth Management42$6.76K0.00%+42New
Acumen Wealth Advisors, LLC43$6.92K0.00%+43New
Financially Speaking Inc44$7.08K0.00%00.0%Unchanged
Webster Bank, N. A.49$7.89K0.00%00.0%Unchanged
Perkins Coie Trust Co50$8.05K0.00%00.0%Unchanged
Missouri Trust & Investment Co50$8.05K0.00%00.0%Unchanged
Abound Financial, LLC50$8.05K0.00%+50New
Noble Wealth Management PBC50$8.05K0.00%+50New
1015 Capital Partners, LLC50$8.05K0.01%+50New
Bear Mountain Capital, Inc.52$8.27K0.00%−2−3.7%Reduced
Armstrong Advisory Group, Inc57$9.18K0.00%−33−36.7%Reduced
Estate Planners Group, LLC60$9.66K0.00%+60New
Roxbury Financial LLC63$10.1K0.01%−6−8.7%Reduced
MJT & Associates Financial Advisory Group, Inc.63$10.1K0.01%00.0%Unchanged
Optima Capital LLC65$10.5K0.00%+65New
Cranbrook Wealth Management, LLC66$10.6K0.00%00.0%Unchanged
HighMark Wealth Management LLC67$10.8K0.00%−30−30.9%Reduced
Kilter Group LLC67$10.8K0.00%−1−1.5%Reduced
Valley National Advisers Inc72$11.0K0.00%−1−1.4%Reduced
Center for Financial Planning, Inc.70$11.3K0.00%00.0%Unchanged
1620 Investment Advisors, Inc.70$11.3K0.01%00.0%Unchanged
Motco71$11.4K0.00%−25−26.0%Reduced
Old Point Trust & Financial Services N A71$11.4K0.00%+71New
St Germain D J Co Inc72$11.6K0.00%+72New
Bare Financial Services, Inc73$11.8K0.00%+6+9.0%Added
Raffa Wealth Management, LLC73$11.8K0.00%+29+65.9%Added
Evolution Wealth Management Inc.76$12.2K0.01%+76New
Country Trust Bank78$12.6K0.00%00.0%Unchanged
C M Bidwell & Associates Ltd80$12.9K0.01%00.0%Unchanged
True Wealth Design, LLC80$12.9K0.00%+18+29.0%Added
Whi Trust Co LLC80$12.9K0.01%+80New
Fortitude Family Office, LLC82$13.2K0.00%00.0%Unchanged
Heritage Wealth Advisors85$13.7K0.00%00.0%Unchanged
Cornerstone Financial Management LLC85$13.7K0.01%+85New
Cedar Mountain Advisors, LLC86$13.8K0.00%+6+7.5%Added
RMG Wealth Management LLC100$13.9K0.00%00.0%Unchanged
Godfrey Financial Associates, Inc.89$14.3K0.01%+89New
BankPlus Trust Department90$14.5K0.00%00.0%Unchanged
Ankerstar Wealth, LLC90$14.5K0.01%+90New