Which funds own SHOP
Shopify Inc in the Q2 2026 filings. At least 21 of the 89 current managers on file reported a position, worth $26.0bn between them. At least a fifth of the current managers on file hold it, which is a crowd without being the whole market. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.
- Managers holding
- 21
- at least, of 89 current
- Combined value
- $26.0bn
- as reported
- Opened
- 2
- new this quarter
- Added to
- 8
- already held
- Trimmed or sold out
- 12
- 2 sold out entirely
Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.
Managers reporting a position
Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.
| Manager | Value | Weight | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| Fidelity (FMR LLC) Long-only · $2304bn book | $5.4bn | 0.2% | 47,175,518 | -$44m+1,341,034 | Added |
| Invesco Ltd Long-only · $1264bn book | $4.2bn | 0.3% | 36,570,929 | -$140m+191,668 | Added |
| Capital World Investors Long-only · $846bn book | $3.9bn | 0.5% | 34,087,544 | -$104m+390,700 | Added |
| Baillie Gifford & Co Long-only · $110bn book | $3.2bn | 2.9% | 28,401,394 | -$199m-618,330 | Trimmed |
| T. Rowe Price Associates Inc Long-only · $999bn book | $2.8bn | 0.3% | 24,751,765 | -$141m-265,093 | Trimmed |
| Wellington Management Group LLP Long-only · $580bn book | $1.4bn | 0.2% | 11,852,596 | +$279m+2,782,480 | Added |
| AllianceBernstein LP Long-only · $302bn book | $927m | 0.3% | 7,814,726 | -$492m-999,202 | Trimmed |
| Capital Research Global Investors Long-only · $717bn book | $855m | 0.1% | 7,491,701 | -$525m-4,150,231 | Trimmed |
| MFS Investment Management Long-only · $315bn book | $755m | 0.2% | 5,950,335 | -$34m-81,025 | Trimmed |
| Polen Capital Management LLC Long-only · $11.6bn book | $523m | 4.5% | 4,577,524 | -$225m-1,729,216 | Trimmed |
| ARK Investment Management LLC Long-only · $15.4bn book | $475m | 3.1% | 4,155,925 | -$21m-21,727 | Trimmed |
| Artisan Partners LP Long-only · $63.1bn book | $465m | 0.7% | 4,074,005 | -$52m-288,106 | Trimmed |
| D. E. Shaw & Co. Quantitative · $210bn book | $273m | 0.1% | 2,394,385 | +$101m+939,791 | Added |
| Durable Capital Partners LP Long/short equity · $10.3bn book | $267m | 2.6% | 2,335,694 | +$151m+1,363,880 | Added |
| Marshall Wace LLP Quantitative · $127bn book | $187m | 0.1% | 1,633,517 | -$115m-908,369 | Trimmed |
| Hudson Bay Capital Management LP Multi-strategy · $36.8bn book | $122m | 0.3% | 1,066,000 | +$9.0m+116,000 | Added |
| ExodusPoint Capital Management LP Multi-strategy · $15.5bn book | $112m | 0.7% | 976,571 | opened976,571 | New |
| D1 Capital Partners LP Long/short equity · $34.8bn book | $95m | 0.3% | 830,891 | opened830,891 | New |
| Walleye Capital LLC Multi-strategy · $28.0bn book | $34m | 0.1% | 293,359 | +$1.9m+26,815 | Added |
| Markel Group Inc Activist · $13.1bn book | $12m | 0.1% | 102,750 | -$500k0 | Held |
| Winton Group Ltd Quantitative · $3.1bn book | $9.1m | 0.3% | 79,492 | -$6.6m-52,641 | Trimmed |
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
Last reported earlier
These managers’ latest filings are from an earlier quarter, so they are not counted above.
- Janus Henderson Group Ltd · Q1 2026$479m · 0.2%
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.
Build the comp set around SHOP →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.
What to do with a name the funds are buying
Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.
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The holdings, every quarter, and the week between
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