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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 2023
the date the book describes
Filed
5 Nov 2026
latest of these filings; the earliest 17 Jan 2024
Managers listing it
25
at least, of 95 tracked, among listed positions
Comparable managers
93
filed both Q3 2023 and Q4 2023; 19 listed it in both
Shares listed
274,730,664
combined, among listed positions
Reported value
$21.4bn
combined, at the quarter end

Among the 93 comparable managers: 15 buyers (opened or added shares) and 11 sellers (trimmed or exited), at least, among listed positions. Their net change in shares is not known from listed positions, because at least one of them lists it in only one of the two quarters.

Managers listing SHOP in Q4 2023

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2023, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

25 of 25 holders

ActionFiling
Baillie Gifford & Co64,164,758$5.0bn3.96%Added+1,419,74926 Jan 2024 (the filing on sec.gov)
Capital World Investors39,424,769$3.1bn0.55%Added+8,789,41113 Feb 2024 (the filing on sec.gov)
Capital Research Global Investors38,257,314$3.0bn0.73%Trimmed-4,574,32213 Feb 2024 (the filing on sec.gov)
Fidelity (FMR LLC)36,483,713$2.8bn0.22%Added+396,2635 Nov 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc28,257,091$2.2bn0.30%Trimmed-3,739,56816 Feb 2024 (the filing on sec.gov)
Arrowstreet Capital LP20,901,806$1.6bn1.71%Added+19,459,45114 Feb 2024 (the filing on sec.gov)
Wellington Management Group LLP10,183,065$793m0.15%Trimmed-732,55612 Feb 2024 (the filing on sec.gov)
Artisan Partners LP6,416,115$500m0.77%Added+1,606,48212 Feb 2024 (the filing on sec.gov)
ARK Investment Management LLC6,010,496$468m2.77%Trimmed-944,65417 Jan 2024 (the filing on sec.gov)
Coatue Management LLC5,817,201$453m1.90%Added+200,96014 Feb 2024 (the filing on sec.gov)
Invesco Ltd3,828,629$298m0.07%Addedn.a.13 Feb 2024 (the filing on sec.gov)
Marshall Wace LLP2,755,152$215m0.36%Trimmed-1,002,92514 Feb 2024 (the filing on sec.gov)
D. E. Shaw & Co.2,738,464$213m0.19%Addedn.a.14 Feb 2024 (the filing on sec.gov)
MFS Investment Management2,382,200$186m0.06%Added+60,1778 Feb 2024 (the filing on sec.gov)
Holocene Advisors LP1,584,061$123m0.48%Added+469,84014 Feb 2024 (the filing on sec.gov)
Hudson Bay Capital Management LP1,410,000$110m0.70%Added+510,00014 Feb 2024 (the filing on sec.gov)
Man Group PLC1,043,415$81m0.23%Added+281,94114 Feb 2024 (the filing on sec.gov)
Polen Capital Management LLC779,876$61m0.15%Trimmed-22,77410 May 2024 (the filing on sec.gov)
Whale Rock Capital Management LLC725,554$57m1.01%Newnew14 Feb 2024 (the filing on sec.gov)
Durable Capital Partners LP625,143$49m0.38%Newnew14 Feb 2024 (the filing on sec.gov)
Neuberger Berman Group LLC514,303$40munder 0.1%Trimmed-2,326,27814 Nov 2024 (the filing on sec.gov)
Two Sigma Advisers LP236,250$18munder 0.1%Addedn.a.14 Feb 2024 (the filing on sec.gov)
Markel Group Inc102,750$8.0m0.09%Held02 Feb 2024 (the filing on sec.gov)
Verition Fund Management LLC68,254$5.3munder 0.1%Trimmedn.a.14 Feb 2024 (the filing on sec.gov)
Winton Group Ltd20,285$1.6m0.12%Trimmed-13,04412 Feb 2024 (the filing on sec.gov)

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 2023 to Q4 2023, 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 (2)

Exited (2)

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 →