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SHOP in the 13F filings

Shopify Inc · CUSIP 82509L107

Sector · Software and IT servicesTheme · Cloud and enterprise software· L3VLUP-definedTheme · Consumer and digital platforms· L3VLUP-definedTheme · Prepackaged software
Quarter
Q3 2026 · early filersQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 22 Jan 2026
Managers listing it
44
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 25 listed it in both
Shares listed
251,140,080
combined, among listed positions
Reported value
$40.4bn
combined, at the quarter end

Among the 92 comparable managers: 26 buyers (opened or added shares) and 21 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +1,504,053.

Managers listing SHOP in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

44 of 44 holders

ActionFiling
Fidelity (FMR LLC)48,003,077$7.7bn0.39%Added+1,567,96217 Feb 2026 (the filing on sec.gov)
Capital World Investors47,822,705$7.7bn1.05%Trimmed-5,789,89111 Feb 2026 (the filing on sec.gov)
Invesco Ltd41,493,470$6.7bn0.63%Added+28,719,35119 Feb 2026 (the filing on sec.gov)
Baillie Gifford & Co31,206,232$5.0bn4.17%Trimmed-4,237,55523 Jan 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc23,531,422$3.8bn0.41%Trimmed-2,901,71717 Feb 2026 (the filing on sec.gov)
Polen Capital Management LLC7,201,872$1.2bn4.95%Trimmed-3,859,03412 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP6,550,340$1.1bn0.33%Added+1,170,95517 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP6,452,265$1.0bn0.18%Trimmed-1,618,25217 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP6,074,936$978m0.57%Trimmed-2,237,41613 Feb 2026 (the filing on sec.gov)
MFS Investment Management5,892,833$949m0.31%Added+356,00822 Jan 2026 (the filing on sec.gov)
Artisan Partners LP4,393,240$707m1.06%Trimmed-2,488,23417 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd4,423,410$704m0.32%Trimmed-618,04317 Feb 2026 (the filing on sec.gov)
ARK Investment Management LLC3,978,898$640m4.25%Trimmed-836,93511 Feb 2026 (the filing on sec.gov)
Durable Capital Partners LP2,043,219$329m3.11%Trimmed-2,500,61617 Feb 2026 (the filing on sec.gov)
Capital Research Global Investors1,917,942$309m0.06%Trimmed-7,594,49511 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP1,899,719$306m0.28%Added+1,202,50713 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.1,280,169$206m0.11%Added+1,029,82617 Feb 2026 (the filing on sec.gov)
Steadfast Capital Management LP1,075,656$173m2.97%Added+127,33217 Feb 2026 (the filing on sec.gov)
Hudson Bay Capital Management LP925,697$149m0.49%Added+858,86213 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC853,415$137m0.10%Added+103,26127 Oct 2026 (the filing on sec.gov)
Holocene Advisors LP732,059$118m0.25%Newnew17 Feb 2026 (the filing on sec.gov)
Altimeter Capital Management LP570,210$92m1.38%Newnew17 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP518,321$83munder 0.1%Trimmed-173,66117 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC342,845$55m0.07%Added+326,94317 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC310,332$50munder 0.1%Trimmed-631,97012 Feb 2026 (the filing on sec.gov)
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What managers have written about SHOP

Shown because the letter names the company. A letter is commentary; it is not a record of why a position changed.

By writers not tracked in the 13F universe

Their positions are not shown: no 13F filings of theirs are tracked here.

Every letter beside its positions →

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

New (6)

Exited (4)

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
21 in Q3 2024 to 35 in Q2 2026

Tracked managers listing it, at least.

0204060201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
SHOP by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20154$35mn.a.n.a.
Q3 20153$43mn.a.n.a.
Q4 20155$73mn.a.n.a.
Q1 20165$84mn.a.n.a.
Q2 20164$96mn.a.n.a.
Q3 201611$887mn.a.n.a.
Q4 20168$841mn.a.n.a.
Q1 20179$1.3bnn.a.n.a.
Q2 20179$1.8bnn.a.n.a.
Q3 201711$2.7bnn.a.n.a.
Q4 20179$2.9bnn.a.n.a.
Q1 201813$4.1bnn.a.n.a.
Q2 201810$3.9bnn.a.n.a.
Q3 201812$4.0bnn.a.n.a.
Q4 201814$3.4bnn.a.n.a.
Q1 201915$5.2bnn.a.n.a.
Q2 201917$7.4bnn.a.n.a.
Q3 201917$7.4bnn.a.n.a.
Q4 201918$10.1bnn.a.n.a.
Q1 202020$11.0bnn.a.n.a.
Q2 202030$25.5bnn.a.n.a.
Q3 202038$28.2bnn.a.n.a.
Q4 202041$30.9bnn.a.n.a.
Q1 202140$30.7bnn.a.n.a.
Q2 202139$40.4bnn.a.n.a.
Q3 202133$36.7bnn.a.n.a.
Q4 202131$37.8bnn.a.n.a.
Q1 202225$15.8bnn.a.n.a.
Q2 202220$6.2bnn.a.n.a.
Q3 202220$5.6bnn.a.n.a.
Q4 202220$8.5bnn.a.n.a.
Q1 202324$11.7bnn.a.n.a.
Q2 202331$16.4bnn.a.n.a.
Q3 202324$13.5bnn.a.n.a.
Q4 202325$21.4bn1511
Q1 202426$20.6bn1512
Q2 202423$18.8bn1411
Q3 202421$24.2bn129
Q4 202429$32.0bn189
Q1 202527$28.6bn1414
Q2 202523$30.2bn195
Q3 202528$36.9bn1414
Q4 202532$40.2bn2621
Q1 202632$29.0bn2222
Q2 202635$27.8bn2319

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

SHOP and GOOGL →SHOP and AMZN →SHOP and MSFT →Choose a stock to compare with SHOP →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own SHOP, latest filings →Back to the 13F Explorer →