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 |
|---|---|---|---|---|---|
| AQR Capital Management LLC | 230,353 | $37.1M | 0.02% | +183,538+392.0% | Added |
| Gavilan Investment Partners LLC | 230,000 | $37.0M | 8.89% | −75,000−24.6% | Reduced |
| Intech Investment Management LLC | 222,306 | $35.8M | 0.32% | +29,944+15.6% | Added |
| Public Employees Retirement System of Ohio | 215,582 | $34.7M | 0.11% | +2,752+1.3% | Added |
| Assetmark, Inc | 213,583 | $34.4M | 0.07% | +13,415+6.7% | Added |
| O'Shaughnessy Asset Management, LLC | 211,068 | $34.0M | 0.19% | +21,235+11.2% | Added |
| HighTower Advisors, LLC | 207,714 | $33.4M | 0.04% | +7,139+3.6% | Added |
| Skandinaviska Enskilda Banken AB (publ) | 207,125 | $33.3M | 0.13% | +34,994+20.3% | Added |
| Nomura Holdings Inc | 205,704 | $33.1M | 0.09% | +67,416+48.8% | Added |
| Colony Group, LLC | 204,710 | $32.8M | 0.04% | +28,947+16.5% | Added |
| Wedbush Fund Advisers, LLC | 202,693 | $32.6M | 3.38% | +202,693 | New |
| Hantz Financial Services, Inc. | 202,293 | $32.6M | 0.48% | −54,680−21.3% | Reduced |
| iA Global Asset Management Inc. | 201,884 | $32.5M | 0.41% | +60,560+42.9% | Added |
| Quantinno Capital Management LP | 200,868 | $32.3M | 0.07% | +41,262+25.9% | Added |
| Northwestern Mutual Wealth Management Co | 200,371 | $32.3M | 0.02% | +6,076+3.1% | Added |
| Janney Montgomery Scott LLC | 198,065 | $31.9M | 0.07% | +16,375+9.0% | Added |
| Pathstone Holdings, LLC | 197,866 | $31.9M | 0.12% | +33,862+20.6% | Added |
| Teachers Retirement System of the State of Kentucky | 197,466 | $31.8M | 0.24% | −65,988−25.0% | Reduced |
| Varma Mutual Pension Insurance Co | 191,408 | $30.9M | 0.19% | −4,450−2.3% | Reduced |
| USS Investment Management Ltd | 191,740 | $30.8M | 0.15% | +982+0.5% | Added |
| MML Investors Services, LLC | 191,423 | $30.8M | 0.08% | +27,701+16.9% | Added |
| Man Group plc | 185,731 | $29.9M | 0.06% | +82,259+79.5% | Added |
| Swiss Life Asset Management Ltd | 184,982 | $29.8M | 0.15% | +18,369+11.0% | Added |
| Ampersand Capital Group, L.P. | 184,763 | $29.7M | 13.26% | 00.0% | Unchanged |
| Triasima Portfolio Management inc. | 182,338 | $29.4M | 4.40% | +18,028+11.0% | Added |
| PBU - The Pension Fund of Early Childhood & Youth Educators | 182,199 | $29.4M | 0.42% | +182,199 | New |
| Cambridge Investment Research Advisors, Inc. | 181,879 | $29.3M | 0.08% | −33,624−15.6% | Reduced |
| Citadel Advisors LLC | 179,252 | $28.9M | 0.02% | +127,307+245.1% | Added |
| Davy Global Fund Management Ltd | 178,627 | $28.8M | 1.98% | +20,113+12.7% | Added |
| Maryland State Retirement & Pension System | 178,354 | $28.7M | 0.59% | +780+0.4% | Added |
| Nissay Asset Management Corp | 176,155 | $28.3M | 0.15% | +14,495+9.0% | Added |
| D.A. Davidson & Co. | 175,889 | $28.3M | 0.17% | +14,498+9.0% | Added |
| BIT Capital GmbH | 174,201 | $28.0M | 1.22% | −14,551−7.7% | Reduced |
| Lazard Asset Management LLC | 173,661 | $28.0M | 0.05% | +61,900+55.4% | Added |
| Daiwa Securities Group Inc. | 171,800 | $27.7M | 0.09% | +9,793+6.0% | Added |
| Baker Avenue Asset Management, LP | 169,864 | $27.3M | 0.63% | −5,725−3.3% | Reduced |
| Oddo BHF Asset Management SAS | 122,698 | $27.1M | 1.01% | +14,298+13.2% | Added |
| Parkwood LLC | 168,187 | $27.1M | 2.30% | +49,160+41.3% | Added |
| Sanctuary Advisors, LLC | 166,762 | $26.8M | 0.15% | −1,691−1.0% | Reduced |
| Lyell Wealth Management, LP | 164,895 | $26.5M | 1.92% | +127+0.1% | Added |
| Atria Investments LLC | 161,388 | $26.0M | 0.30% | −20,062−11.1% | Reduced |
| Tremblant Capital Group | 161,292 | $26.0M | 0.66% | −20,797−11.4% | Reduced |
| Thompson Siegel & Walmsley LLC | 158,940 | $25.6M | 0.43% | −3,100−1.9% | Reduced |
| Benchstone Capital Management LP | 158,023 | $25.4M | 2.86% | +158,023 | New |
| Wealth Enhancement Advisory Services, LLC | 146,156 | $24.8M | 0.03% | −947−0.6% | Reduced |
| Manchester Global Management (UK) Ltd | 152,956 | $24.6M | 3.32% | +152,956 | New |
| Welch & Forbes LLC | 152,934 | $24.6M | 0.30% | +2,386+1.6% | Added |
| Baird Financial Group, Inc. | 152,408 | $24.5M | 0.04% | −2,766−1.8% | Reduced |
| Harvest Portfolios Group Inc. | 150,542 | $24.2M | 0.42% | +52,873+54.1% | Added |
| Apollon Wealth Management, LLC | 149,526 | $24.1M | 0.42% | +2,334+1.6% | Added |
| Gryphon Financial Partners LLC | 147,653 | $23.8M | 2.54% | +97+0.1% | Added |
| Arthedge Capital Management, LLC | 146,600 | $23.6M | 17.21% | −13,400−8.4% | Reduced |
| Agf Management Ltd | 144,859 | $23.5M | 0.10% | +15,728+12.2% | Added |
| Trillium Asset Management, LLC | 140,147 | $22.7M | 0.70% | −56,182−28.6% | Reduced |
| Shelton Capital Management | 139,413 | $22.4M | 0.44% | +4,842+3.6% | Added |
| Candriam Luxembourg S.C.A. | 139,005 | $22.4M | 0.11% | +54,723+64.9% | Added |
| Rheos Capital Works Inc. | 138,000 | $22.2M | 1.42% | −50,000−26.6% | Reduced |
| Thornburg Investment Management Inc | 137,279 | $22.1M | 0.28% | −3,856−2.7% | Reduced |
| Meridian Wealth Management, LLC | 137,081 | $22.1M | 0.78% | +13,406+10.8% | Added |
| Utah Retirement Systems | 135,481 | $21.8M | 0.21% | 00.0% | Unchanged |
| Vestmark Advisory Solutions, Inc. | 132,858 | $21.4M | 0.29% | +186+0.1% | Added |
| AIA Group Ltd | 132,705 | $21.4M | 0.32% | −50,728−27.7% | Reduced |
| Jones Financial Companies LLLP | 130,977 | $21.1M | 0.01% | +14,097+12.1% | Added |
| Cresset Asset Management, LLC | 130,394 | $21.0M | 0.09% | +1,421+1.1% | Added |
| One Madison Group LLC | 130,000 | $20.9M | 2.41% | −18,000−12.2% | Reduced |
| Telemark Asset Management, LLC | 130,000 | $20.9M | 2.09% | 00.0% | Unchanged |
| Ithaka Group LLC | 127,716 | $20.6M | 3.66% | +2,352+1.9% | Added |
| Cerity Partners LLC | 127,200 | $20.5M | 0.03% | +10,736+9.2% | Added |
| Henry James International Management, Inc. | 126,262 | $20.3M | 6.40% | −9,319−6.9% | Reduced |
| The PNC Financial Services Group, Inc. | 125,414 | $20.2M | 0.01% | +4,182+3.4% | Added |
| Alta Park Capital, LP | 125,412 | $20.2M | 2.43% | +125,412 | New |
| Banco Bilbao Vizcaya Argentaria, S.A. | 124,582 | $20.1M | 0.14% | +85,725+220.6% | Added |
| Atika Capital Management LLC | 124,000 | $20.0M | 2.78% | +45,500+58.0% | Added |
| Islander Capital Partners, L.P. | 123,258 | $19.8M | 8.94% | +123,258 | New |
| BI Asset Management Fondsmaeglerselskab A/S | 122,301 | $19.7M | 0.17% | −10,095−7.6% | Reduced |
| Science & Technology Partners, L.P. | 121,300 | $19.5M | 5.46% | −12,439−9.3% | Reduced |
| CI Private Wealth, LLC | 120,775 | $19.4M | 0.03% | +1,398+1.2% | Added |
| Parallax Volatility Advisers, L.P. | 120,421 | $19.4M | 0.60% | +2,502+2.1% | Added |
| Glenmede Trust Co NA | 120,416 | $19.4M | 0.09% | +120,416 | New |
| Steel Peak Wealth Management LLC | 120,095 | $19.3M | 0.64% | +75,689+170.4% | Added |
| Van Eck Associates Corp | 119,546 | $19.2M | 0.02% | +2,804+2.4% | Added |
| Scopus Asset Management, L.P. | 119,500 | $19.2M | 0.54% | +119,500 | New |
| Texas Yale Capital Corp. | 117,592 | $18.9M | 0.57% | −200−0.2% | Reduced |
| State of Michigan Retirement System | 117,200 | $18.9M | 0.09% | 00.0% | Unchanged |
| Baltimore-Washington Financial Advisors, Inc. | 116,726 | $18.8M | 0.78% | +6,622+6.0% | Added |
| Carnegie Capital Asset Management, LLC | 116,662 | $18.8M | 0.35% | +559+0.5% | Added |
| Kinetic Partners Management, LP | 113,626 | $18.3M | 0.89% | +76,000+202.0% | Added |
| Genus Capital Management Inc. | 113,356 | $18.3M | 2.13% | −16,387−12.6% | Reduced |
| Marcho Partners LLP | 112,717 | $18.1M | 11.01% | −56,844−33.5% | Reduced |
| Walleye Trading LLC | 112,635 | $18.1M | 0.29% | +32,617+40.8% | Added |
| Lido Advisors, LLC | 117,501 | $18.1M | 0.07% | +4,914+4.4% | Added |
| Yarbrough Capital, LLC | 112,218 | $18.1M | 0.56% | +2,198+2.0% | Added |
| Tocqueville Asset Management L.P. | 111,190 | $17.9M | 0.26% | +1,556+1.4% | Added |
| Ninepoint Partners LP | 108,591 | $17.5M | 2.07% | +66,179+156.0% | Added |
| Mitsubishi UFJ Kokusai Asset Management Co., Ltd. | 107,222 | $16.9M | 0.01% | +7,483+7.5% | Added |
| Tairen Capital Ltd | 103,233 | $16.6M | 1.73% | +13,533+15.1% | Added |
| Markel Group Inc.SuperinvestorMarkel Group | 102,750 | $16.5M | 0.13% | 00.0% | Unchanged |
| NorthCrest Asset Manangement, LLC | 99,248 | $16.5M | 0.37% | +809+0.8% | Added |
| Generali Asset Management SPA SGR | 74,594 | $16.5M | 0.34% | −25,551−25.5% | Reduced |
| Verition Fund Management LLC | 100,250 | $16.1M | 0.09% | +85,438+576.8% | Added |