Ashe Capital Management’s Shopify SHOP Stock Holding History

Ashe Capital Management’s Portfolio SHOP Stock Details SHOP Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$195M	Sell	1,647,738 -102,502	-6%	-$13.5M	24.51%	1
2025 Q4	$282M	Sell	1,750,240 -435,472	-20%	-$69.9M	27.3%	1
2025 Q3	$325M	Hold	2,185,712	–	–	22.9%	2
2025 Q2	$252M	Hold	2,185,712	–	–	19.64%	3
2025 Q1	$209M	Hold	2,185,712	–	–	18.66%	3
2024 Q4	$232M	Sell	2,185,712 -616,483	-22%	-$60M	19.12%	3
2024 Q3	$225M	Hold	2,802,195	–	–	17.88%	3
2024 Q2	$185M	Hold	2,802,195	–	–	15.28%	3
2024 Q1	$216M	Hold	2,802,195	–	–	17.65%	3
2023 Q4	$218M	Sell	2,802,195 -370,000	-12%	-$23.6M	18.97%	3
2023 Q3	$173M	Hold	3,172,195	–	–	14.38%	3
2023 Q2	$205M	Hold	3,172,195	–	–	16.05%	3
2023 Q1	$152M	Hold	3,172,195	–	–	13.77%	3
2022 Q4	$110M	Sell	3,172,195 -180,245	-5%	-$6.15M	12.09%	3
2022 Q3	$90.3M	Buy	3,352,440 +1,401,850	+72%	+$47.7M	8.63%	5
2022 Q2	$60.9M	Buy	1,950,590 +697,690	+56%	+$29.8M	5.57%	7
2022 Q1	$84.7M	Buy	+1,252,900	New	+$103M	5.92%	6

Other funds holding SHOP

Capital International Investors Los Angeles, California $427B AUM 29.17% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

Capital World Investors Los Angeles, California $733B AUM 35.63% 1-Year Est. Return

Baillie Gifford & Co Edinburgh, United Kingdom $110B AUM 4.8% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return

Ashe Capital Management's SHOP Position: Q1 2026 in Review

Ashe Capital Management reduced its Shopify (SHOP) stake by 5.9% in Q1 2026, selling an estimated $13.5M and leaving 1,647,738 shares worth $195M. The position accounts for 24.51% of the portfolio, ranked #1.

Ashe Capital Management first reported a position in SHOP in Q1 2022 and has held it in 17 quarters since. The position peaked at $325M in Q3 2025. 1,732 funds tracked by Wall St. Rank hold SHOP as of Q1 2026.

Ashe Capital Management held 1,647,738 shares of Shopify worth $195M as of Q1 2026.
Ashe Capital Management sold 102,502 Shopify shares in Q1 2026, an estimated $13.5M.
Shopify made up 24.51% of Ashe Capital Management's portfolio in Q1 2026, its #1 holding.
Ashe Capital Management first reported a position in Shopify in Q1 2022 and has held it in 17 quarters since.
Ashe Capital Management's Shopify position peaked at $325M in Q3 2025.
1,732 funds tracked by Wall St. Rank held Shopify as of Q1 2026.

Based on Ashe Capital Management's 13F filing for Q1 2026, filed 15 May 2026.