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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
LOM Asset Management Ltd500$80.5K0.02%+500New
Colonial Trust Advisors520$83.7K0.01%+100+23.8%Added
Copos Capital S.a r.l.542$87.2K0.06%+542New
Financial Management Professionals, Inc.573$92.2K0.01%+189+49.2%Added
GW&K Investment Management, LLC580$93.0K0.00%00.0%Unchanged
Addison Advisors LLC580$93.4K0.02%−8−1.4%Reduced
North Star Investment Management Corp.606$97.5K0.01%+52+9.4%Added
DecisionPoint Financial, LLC613$98.7K0.02%00.0%Unchanged
Coston, McIsaac & Partners620$99.0K0.02%00.0%Unchanged
Caden Capital Partners, LP618$99.5K0.22%+618New
Park Circle Co650$104.6K0.09%00.0%Unchanged
Pension & Wealth Management Advisors, Inc.652$105.1K0.03%−56−7.9%Reduced
ORG Partners LLC663$106.7K0.02%−1−0.2%Reduced
1 North Wealth Services LLC670$107.8K0.04%00.0%Unchanged
Community Bank, N.A.677$109.0K0.01%00.0%Unchanged
Hazlett, Burt & Watson, Inc.700$112.0K0.04%00.0%Unchanged
Sava Infond d.o.o.700$112.7K0.02%00.0%Unchanged
Ogorek Anthony Joseph709$114.0K0.03%00.0%Unchanged
Banque Transatlantique SA715$115.3K0.00%−480−40.2%Reduced
Rosenberg Matthew Hamilton747$120.2K0.02%+12+1.6%Added
Evermay Wealth Management LLC755$121.5K0.01%−278−26.9%Reduced
Financial Network Wealth Advisors LLC760$122.3K0.13%−119−13.5%Reduced
Stonehage Fleming Financial Services Holdings Ltd776$124.9K0.00%00.0%Unchanged
WPG Advisers, LLC780$125.6K0.09%−36−4.4%Reduced
Ninety One UK Ltd780$125.6K0.00%+780New
Bayban800$128.8K0.11%+800New
Ameriflex Group, Inc.817$131.5K0.07%+411+101.2%Added
Strategic Advocates LLC809$132.5K0.03%00.0%Unchanged
Cascades Capital Asset Management, LLC847$136.3K0.06%−10−1.2%Reduced
Trust Co of Vermont854$137.5K0.01%−160−15.8%Reduced
CX Institutional877$141.0K0.00%−62−6.6%Reduced
Orion Capital Management LLC892$143.6K0.05%00.0%Unchanged
Boreal Capital Management LLC894$143.9K0.11%00.0%Unchanged
Cullen/Frost Bankers, Inc.927$149.2K0.00%+279+43.1%Added
Bayforest Capital Ltd942$151.6K0.11%+188+24.9%Added
MTM Investment Management, LLC945$152.1K0.05%−80−7.8%Reduced
Y.D. More Investments Ltd950$154.0K0.01%−1,156−54.9%Reduced
HM Payson & Co964$155.2K0.00%+278+40.5%Added
Crews Bank & Trust1,000$161.0K0.02%00.0%Unchanged
Avalon Trust Co1,000$161.0K0.01%+1,000New
Nvest Wealth Strategies, Inc.1,000$161.0K0.12%+1,000New
Farmers & Merchants Trust Co of Chambersburg PA1,000$161.0K0.05%00.0%Unchanged
UMA Financial Services, Inc.1,013$163.1K0.02%+9+0.9%Added
Sittner & Nelson, LLC1,464$164.0K0.06%−20−1.3%Reduced
HHM Wealth Advisors, LLC1,020$164.2K0.02%+25+2.5%Added
Parkside Financial Bank & Trust1,021$164.4K0.01%+736+258.2%Added
Avion Wealth1,056$169.0K0.04%00.0%Unchanged
Hilltop National Bank1,057$170.1K0.04%−168−13.7%Reduced
Provenance Wealth Advisors, LLC1,079$173.7K0.02%−716−39.9%Reduced
Evelyn Partners Asset Management Ltd1,087$175.0K0.04%00.0%Unchanged
Highline Wealth Partners LLC1,098$176.7K0.05%−47−4.1%Reduced
Golden State Wealth Management, LLC1,106$178.0K0.02%00.0%Unchanged
Old Second National Bank of Aurora1,110$178.7K0.04%00.0%Unchanged
Osbon Capital Management LLC1,120$180.3K0.17%+1,120New
Kimelman & Baird, LLC1,125$181.1K0.01%00.0%Unchanged
PFS Partners, LLC1,194$192.2K0.09%00.0%Unchanged
Plante Moran Financial Advisors, LLC1,220$196.4K0.01%+52+4.5%Added
Sumitomo Mitsui Financial Group, Inc.1,173$196.9K0.00%+1,173New
Smallwood Wealth Investment Management, LLC1,243$200.1K0.10%+180+16.9%Added
White Pine Investment CO1,250$201.0K0.05%+1,250New
Strategic Investment Advisors1,249$201.0K0.02%+1,249New
Clarkston Capital Partners, LLC1,250$201.2K0.00%+1,250New
F/M Investments LLC1,252$201.5K0.01%+1,252New
AMG National Trust Bank1,252$201.5K0.00%+1,252New
Banque Cantonale Vaudoise1,249$202.0K0.01%−316−20.2%Reduced
Lifeworks Advisors, LLC1,258$202.5K0.03%+1,258New
Cottage Street Advisors LLC1,260$202.8K0.09%+1,260New
Delta Investment Management, LLC1,260$202.8K0.04%+1,260New
August Group Capital Ltd1,261$203.0K0.23%+1,261New
CVA Family Office, LLC1,262$203.1K0.02%−6−0.5%Reduced
Acorn Wealth Advisors, LLC1,265$203.6K0.06%+1,265New
Angeles Wealth Management, LLC1,270$204.4K0.01%+1,270New
Range Advisory, LLC1,275$205.2K0.05%+1,275New
Barr E S & Co1,275$205.2K0.01%+1,275New
SPWM Advisors LLC1,276$205.4K0.20%+1,276New
American Financial Advisors, LLC1,279$205.9K0.03%+1,279New
Laurel Oak Wealth Management, LLC1,279$205.9K0.03%+1,279New
Curated Wealth Partners LLC1,284$206.7K0.02%+1,284New
Kickstand Ventures, LLC.1,285$206.8K0.04%−1,396−52.1%Reduced
Pacific Asset Management, LLC1,287$207.2K0.12%+1,287New
Rise Advisors, LLC1,295$208.5K0.07%−6−0.5%Reduced
Legacy Capital Wealth Partners, LLC1,296$208.6K0.04%+1,296New
Arlington Trust Co LLC1,296$208.6K0.02%−804−38.3%Reduced
Kingsman Wealth Management, Inc.1,297$208.8K0.11%+1,297New
Opal Wealth Advisors, LLC1,298$208.9K0.05%+1,298New
Apella Capital, LLC1,299$209.1K0.00%+1,299New
Rockbridge Investment Management, LCC1,300$209.3K0.02%+1,300New
Alamar Capital Management, LLC1,300$209.3K0.12%+1,300New
RiverFront Investment Group, LLC1,307$210.4K0.00%+1,307New
Brave Asset Management Inc1,313$211.4K0.05%+1,313New
Cora Capital Advisors LLC1,316$211.8K0.08%+1,316New
Washburn Capital Management, Inc.1,320$212.5K0.12%−140−9.6%Reduced
JFS Wealth Advisors, LLC1,325$213.3K0.01%00.0%Unchanged
Center For Asset Management LLC1,331$214.3K0.11%+1,331New
Reuter James Wealth Management, LLC1,347$216.8K0.03%−9−0.7%Reduced
Proactive Wealth Strategies LLC1,350$217.3K0.09%00.0%Unchanged
Principle Wealth Partners LLC1,352$217.6K0.01%+1,352New
Greenline Wealth Management LLC1,365$219.6K0.23%+1,365New
Washington Trust Advisors, Inc.1,368$220.2K0.02%−138−9.2%Reduced
Meadow Creek Wealth Advisors LLC1,368$220.2K0.14%+1,368New