Which funds own SHOP

Managers holding

22

at least, of 91 current

Combined value

$26.4bn

as reported

Opened

2

new this quarter

Added to

8

already held

Trimmed or sold out

13

2 sold out entirely

Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.

Sold out of this quarter

Valued at what the position was worth in the previous filing, because by this one it is gone.

• Steadfast Capital Management LP · Long/short equity$56m held before
• Freestone Grove Partners LP · Multi-strategy$12m held before

Reported as options rather than shares

A put or a call on a name is not a position in it, and the filing states the notional rather than what the option cost. These lines are listed apart for that reason and are not counted in anything above.

• Jane Street Group LLC · calls$1.9bn notional
• Susquehanna International Group LLP · calls$1.1bn notional
• Hudson Bay Capital Management LP · puts$139m notional
• ExodusPoint Capital Management LP · puts$114m notional

What SHOP is worth

Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.

How much of the picture this is

A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.