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 Q2	$176M	Sell	1,542,738 -105,000	-6%	-$12M	18.91%	2
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 $484B AUM 34.9% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

Invesco Atlanta, Georgia $1.26T AUM 61.52% 1-Year Est. Return

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

Capital World Investors Los Angeles, California $846B AUM 46.74% 1-Year Est. Return

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

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $999B AUM 46.22% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $672B AUM 33.48% 1-Year Est. Return

Fidelity International Hamilton, Bermuda $139B AUM 29.06% 1-Year Est. Return

Ashe Capital Management's SHOP Position: Q2 2026 in Review

Ashe Capital Management reduced its Shopify (SHOP) stake by 6.4% in Q2 2026, selling an estimated $12M and leaving 1,542,738 shares worth $176M. The position accounts for 18.91% of the portfolio, ranked #2.

Ashe Capital Management first reported a position in SHOP in Q1 2022 and has held it in 18 quarters since. The position peaked at $325M in Q3 2025. 1,718 funds tracked by Wall St. Rank hold SHOP as of Q2 2026.

Ashe Capital Management held 1,542,738 shares of Shopify worth $176M as of Q2 2026.
Ashe Capital Management sold 105,000 Shopify shares in Q2 2026, an estimated $12M.
Shopify made up 18.91% of Ashe Capital Management's portfolio in Q2 2026, its #2 holding.
Ashe Capital Management first reported a position in Shopify in Q1 2022 and has held it in 18 quarters since.
Ashe Capital Management's Shopify position peaked at $325M in Q3 2025.
1,718 funds tracked by Wall St. Rank held Shopify as of Q2 2026.

Based on Ashe Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.