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 |
|---|---|---|---|---|---|
| BNP Paribas Arbitrage, SA | 1,031,124 | $166.0M | 0.11% | +369,188+55.8% | Added |
| Aviva PLC | 1,023,213 | $164.9M | 0.28% | +55,439+5.7% | Added |
| Rockefeller Capital Management L.P. | 991,988 | $159.7M | 0.29% | −147,724−13.0% | Reduced |
| Nomura Asset Management International Inc. | 987,781 | $159.0M | 0.24% | +987,781 | New |
| First Trust Advisors LP | 980,592 | $157.9M | 0.11% | −204,753−17.3% | Reduced |
| Korea Investment CORP | 945,377 | $152.4M | 0.30% | −36,572−3.7% | Reduced |
| Addenda Capital Inc. | 683,436 | $151.0M | 4.43% | −12,694−1.8% | Reduced |
| Hudson Bay Capital Management LP | 925,697 | $149.0M | 0.85% | +858,862+1,285.0% | Added |
| CIBC Private Wealth Group, LLC | 913,503 | $147.0M | 0.25% | −27,364−2.9% | Reduced |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 839,748 | $142.3M | 0.16% | +750,383+839.7% | Added |
| Neuberger Berman Group LLC | 853,415 | $137.4M | 0.10% | +103,261+13.8% | Added |
| TCW Group Inc | 838,556 | $135.0M | 0.97% | −264,610−24.0% | Reduced |
| MUFG Securities EMEA plc | 820,000 | $132.1M | 1.53% | +240,000+41.4% | Added |
| State Street Corp | 819,541 | $131.9M | 0.00% | +12,319+1.5% | Added |
| Congress Asset Management Co | 802,316 | $129.1M | 0.91% | −15,871−1.9% | Reduced |
| Bessemer Group Inc | 796,081 | $128.1M | 0.20% | +93,754+13.3% | Added |
| Schroder Investment Management Group | 779,793 | $127.7M | 0.10% | +433,827+125.4% | Added |
| Allspring Global Investments Holdings, LLC | 793,725 | $124.8M | 0.20% | +62,520+8.6% | Added |
| Dimensional Fund Advisors LP | 755,171 | $121.6M | 0.03% | +22,502+3.1% | Added |
| Susquehanna Advisors Group, Inc. | 738,300 | $118.8M | 3.82% | +738,300 | New |
| Holocene Advisors, LP | 732,059 | $117.8M | 0.25% | +732,059 | New |
| Great West Life Assurance Co | 725,071 | $116.7M | 0.20% | −565,816−43.8% | Reduced |
| State of Tennessee, Treasury Department | 863,216 | $113.8M | 0.36% | +143,813+20.0% | Added |
| Capital International Sarl | 695,042 | $111.9M | 1.80% | +58,557+9.2% | Added |
| Allen Investment Management LLC | 686,988 | $110.5M | 1.22% | −36,860−5.1% | Reduced |
| Assenagon Asset Management S.A. | 677,511 | $109.1M | 0.16% | +637,494+1,593.1% | Added |
| Blair William & Co | 610,733 | $98.3M | 0.26% | +90,546+17.4% | Added |
| APG Asset Management N.V. | 713,526 | $97.8M | 0.28% | −26,033−3.5% | Reduced |
| Select Equity Group, L.P. | 598,647 | $96.4M | 0.45% | −1,612,124−72.9% | Reduced |
| Public Sector Pension Investment Board | 593,558 | $95.6M | 0.32% | +371,695+167.5% | Added |
| Robeco Institutional Asset Management B.V. | 588,670 | $94.8M | 0.13% | −27,830−4.5% | Reduced |
| Alberta Investment Management Corp | 588,098 | $94.7M | 0.57% | +273,898+87.2% | Added |
| Capital International Inc | 588,128 | $94.7M | 0.74% | −39,971−6.4% | Reduced |
| Fred Alger Management, LLC | 588,028 | $94.7M | 0.37% | +297,709+102.5% | Added |
| Altimeter Capital Management, LPSuperinvestorAltimeter Capital | 570,210 | $91.8M | 1.38% | +570,210 | New |
| Victory Capital Management Inc | 555,741 | $89.5M | 0.05% | +12,515+2.3% | Added |
| AustralianSuper Pty Ltd | 555,329 | $89.4M | 0.42% | +29,380+5.6% | Added |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 546,252 | $87.9M | 0.19% | −21,934−3.9% | Reduced |
| Stony Point Capital LLC | 541,316 | $87.1M | 6.43% | +13,444+2.5% | Added |
| STRS Ohio | 533,299 | $85.9M | 0.32% | +117,075+28.1% | Added |
| Mirae Asset Global Investments Co., Ltd. | 526,114 | $84.7M | 0.24% | +59,745+12.8% | Added |
| Susquehanna International Group, LLP | 518,321 | $83.4M | 0.11% | −173,661−25.1% | Reduced |
| Ci Investments Inc. | 518,135 | $83.4M | 0.37% | −68,207−11.6% | Reduced |
| Royal London Asset Management Ltd | 513,830 | $82.7M | 0.17% | +5,514+1.1% | Added |
| TD Waterhouse Canada Inc. | 514,293 | $82.7M | 0.51% | −93,246−15.3% | Reduced |
| SG Americas Securities, LLC | 508,723 | $81.9M | 0.11% | +377,129+286.6% | Added |
| NEOS Investment Management LLC | 497,575 | $80.1M | 0.46% | +126,153+34.0% | Added |
| Hillsdale Investment Management Inc. | 479,434 | $77.3M | 2.13% | −57,379−10.7% | Reduced |
| Advisor Group Holdings, Inc. | 480,369 | $77.3M | 0.11% | −42,949−8.2% | Reduced |
| Mn Services Vermogensbeheer B.V. | 471,672 | $76.0M | 0.47% | +8,632+1.9% | Added |
| State of Wisconsin Investment Board | 439,830 | $70.9M | 0.16% | +439,830 | New |
| Allianz Asset Management GmbH | 431,881 | $69.6M | 0.08% | +102,053+30.9% | Added |
| Kames Capital plc | 430,609 | $69.3M | 0.82% | +142,924+49.7% | Added |
| Ensign Peak Advisors, Inc | 429,255 | $69.1M | 0.12% | −95,414−18.2% | Reduced |
| Privium Fund Management B.V. | 410,000 | $66.0M | 12.15% | −5,000−1.2% | Reduced |
| Creative Planning | 409,381 | $65.9M | 0.05% | +24,919+6.5% | Added |
| Zurich Insurance Group Ltd | 409,161 | $65.9M | 0.46% | −16,581−3.9% | Reduced |
| Stifel Financial Corp | 407,385 | $65.6M | 0.06% | +19,574+5.0% | Added |
| Munro Partners | 392,935 | $63.3M | 1.77% | −16,960−4.1% | Reduced |
| Kayne Anderson Rudnick Investment Management LLC | 391,209 | $63.0M | 0.17% | −10,906−2.7% | Reduced |
| Capital International Ltd | 388,196 | $62.5M | 2.20% | +15,615+4.2% | Added |
| Mitsubishi UFJ Trust & Banking Corp | 385,679 | $62.0M | 0.15% | −80,648−17.3% | Reduced |
| Truist Financial Corp | 381,288 | $61.4M | 0.08% | +4,406+1.2% | Added |
| HSBC Holdings PLC | 378,548 | $61.2M | 0.03% | −418,105−52.5% | Reduced |
| NZS Capital, LLC | 379,328 | $61.1M | 1.87% | −252,069−39.9% | Reduced |
| Altshuler Shaham Ltd | 377,648 | $60.8M | 0.93% | +377,648 | New |
| Erste Asset Management GmbH | 347,191 | $58.3M | 0.49% | −841−0.2% | Reduced |
| Quadrature Capital Ltd | 357,700 | $57.7M | 0.59% | +357,700 | New |
| SurgoCap Partners LP | 348,131 | $56.0M | 1.55% | +348,131 | New |
| Advisors Asset Management, Inc. | 346,289 | $55.7M | 0.94% | −12,611−3.5% | Reduced |
| Castleark Management LLC | 345,382 | $55.6M | 1.63% | +7,138+2.1% | Added |
| Balyasny Asset Management LLC | 342,845 | $55.2M | 0.10% | +326,943+2,056.0% | Added |
| AMF Pensionsforsakring AB | 340,982 | $54.9M | 0.34% | 00.0% | Unchanged |
| Cetera Investment Advisers | 327,923 | $52.8M | 0.06% | +21,533+7.0% | Added |
| Life Cycle Investment Partners Ltd | 323,136 | $52.0M | 0.36% | +323,136 | New |
| Commonwealth Equity Services, LLC | 321,973 | $51.8M | 0.07% | −68,012−17.4% | Reduced |
| Equitable Trust Co | 318,652 | $51.3M | 2.29% | +2,974+0.9% | Added |
| Jane Street Group, LLC | 310,332 | $50.0M | 0.06% | −631,970−67.1% | Reduced |
| GF Fund Management Co. Ltd. | 307,697 | $49.5M | 0.85% | +77,197+33.5% | Added |
| PensionDanmark Pensionsforsikringsaktieselskab | 299,758 | $48.3M | 0.44% | +299,758 | New |
| Principal Financial Group Inc | 291,860 | $47.0M | 0.02% | −159,035−35.3% | Reduced |
| Guggenheim Capital LLC | 290,516 | $46.8M | 0.34% | +3,317+1.2% | Added |
| Oppenheimer Asset Management Inc. | 287,004 | $46.2M | 0.57% | −50,453−15.0% | Reduced |
| Lansforsakringar Fondforvaltning AB (publ) | 285,883 | $46.1M | 0.23% | +10,174+3.7% | Added |
| Huntington National Bank | 278,354 | $44.8M | 0.27% | −610.0% | Reduced |
| Mariner, LLC | 273,218 | $43.9M | 0.05% | +23,232+9.3% | Added |
| Cumberland Partners Ltd | 272,184 | $43.9M | 2.69% | +257,714+1,781.0% | Added |
| Forsta Ap-Fonden | 269,100 | $43.4M | 0.26% | −13,200−4.7% | Reduced |
| Walleye Capital LLC | 267,688 | $43.1M | 0.25% | +267,578+243,252.7% | Added |
| Intact Investment Management Inc. | 265,754 | $42.8M | 1.23% | −122,080−31.5% | Reduced |
| Cornerstone Capital, Inc. | 260,752 | $42.0M | 4.14% | −6,623−2.5% | Reduced |
| Millennium Management LLC | 259,958 | $41.9M | 0.03% | +259,958 | New |
| Union Bancaire Privee, UBP SA | 278,667 | $41.7M | 0.69% | +232,317+501.2% | Added |
| DekaBank Deutsche Girozentrale | 524,986 | $41.4M | 0.08% | 00.0% | Unchanged |
| Investment Management Corp of Ontario | 254,488 | $41.0M | 0.55% | +105,051+70.3% | Added |
| Steadview Capital Management LLC | 252,554 | $40.7M | 7.65% | −67,110−21.0% | Reduced |
| Brown Capital Management LLC | 248,101 | $39.9M | 3.28% | −131,035−34.6% | Reduced |
| Northwest & Ethical Investments L.P. | 238,858 | $38.6M | 0.87% | +46,838+24.4% | Added |
| Ossiam | 237,601 | $38.3M | 0.76% | +82,765+53.5% | Added |
| Liontrust Investment Partners LLP | 232,942 | $37.5M | 0.56% | −80,269−25.6% | Reduced |