Bank of Montreal’s Shopify SHOP Stock Holding History

Bank of Montreal’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	$1.55B	Buy	13,053,711 +929,514	+8%	+$122M	0.58%	33
2025 Q4	$1.95B	Sell	12,124,197 -1,523,599	-11%	-$245M	0.68%	28
2025 Q3	$2.03B	Buy	13,647,796 +2,313,710	+20%	+$314M	0.78%	25
2025 Q2	$1.31B	Buy	11,334,086 +567,312	+5%	+$56.7M	0.61%	34
2025 Q1	$1.02B	Sell	10,766,774 -538,747	-5%	-$58.7M	0.5%	43
2024 Q4	$1.2B	Buy	11,305,521 +943,979	+9%	+$91.8M	0.56%	35
2024 Q3	$821M	Sell	10,361,542 -931,959	-8%	-$64.4M	0.36%	57
2024 Q2	$740M	Buy	11,293,501 +354,740	+3%	+$23.5M	0.21%	63
2024 Q1	$871M	Sell	10,938,761 -2,543,326	-19%	-$201M	0.26%	47
2023 Q4	$1.07B	Buy	13,482,087 +504,205	+4%	+$32.2M	0.32%	42
2023 Q3	$811M	Sell	12,977,882 -329,839	-2%	-$20M	0.28%	48
2023 Q2	$867M	Buy	13,307,721 +2,050,629	+18%	+$116M	0.3%	44
2023 Q1	$540M	Buy	11,257,092 +51,055	+0.5%	+$2.25M	0.22%	64
2022 Q4	$390M	Sell	11,206,037 -2,421,585	-18%	-$82.7M	0.17%	86
2022 Q3	$368K	Buy	13,627,622 +6,244,813	+85%	+$212M	0.16%	87
2022 Q2	$2.83M	Sell	7,382,809 -3,078,401	-29%	-$131M	1.32%	10
2022 Q1	$736M	Sell	10,461,210 -1,201,170	-10%	-$98.6M	0.36%	59
2021 Q4	$1.65B	Sell	11,662,380 -961,200	-8%	-$140M	0.88%	23
2021 Q3	$1.81B	Sell	12,623,580 -1,131,950	-8%	-$170M	0.83%	20
2021 Q2	$2.04B	Buy	13,755,530 +2,627,810	+24%	+$324M	1.02%	17
2021 Q1	$1.36B	Buy	11,127,720 +720,080	+7%	+$87M	0.89%	20
2020 Q4	$1.23B	Sell	10,407,640 -819,170	-7%	-$86M	0.81%	21
2020 Q3	$1.17B	Buy	11,226,810 +1,796,160	+19%	+$179M	0.98%	19
2020 Q2	$981M	Buy	9,430,650 +3,812,350	+68%	+$265M	0.89%	21
2020 Q1	$195M	Sell	5,618,300 -1,229,630	-18%	-$55.4M	0.22%	89
2019 Q4	$272M	Buy	6,847,930 +249,350	+4%	+$8.43M	0.2%	94
2019 Q3	$206M	Sell	6,598,580 -155,000	-2%	-$5.31M	0.18%	103
2019 Q2	$203M	Sell	6,753,580 -1,583,210	-19%	-$41.2M	0.17%	112
2019 Q1	$172M	Buy	8,336,790 +5,604,440	+205%	+$99M	0.15%	128
2018 Q4	$37.8M	Buy	2,732,350 +97,100	+4%	+$1.37M	0.04%	392
2018 Q3	$43.3M	Buy	2,635,250 +133,030	+5%	+$2.03M	0.03%	403
2018 Q2	$36.5M	Buy	2,502,220 +74,260	+3%	+$1.05M	0.03%	423
2018 Q1	$30.3M	Buy	2,427,960 +419,420	+21%	+$5.43M	0.03%	485
2017 Q4	$20.3M	Sell	2,008,540 -288,530	-13%	-$2.96M	0.02%	616
2017 Q3	$26.8M	Buy	2,297,070 +122,640	+6%	+$1.25M	0.02%	502
2017 Q2	$18.9M	Buy	2,174,430 +601,940	+38%	+$5.09M	0.02%	609
2017 Q1	$10.7M	Sell	1,572,490 -482,310	-23%	-$2.78M	0.01%	786
2016 Q4	$8.56M	Sell	2,054,800 -1,121,080	-35%	-$4.71M	0.01%	857
2016 Q3	$13.6M	Buy	3,175,880 +18,700	+0.6%	+$71.4K	0.01%	684
2016 Q2	$9.71M	Sell	3,157,180 -422,080	-12%	-$1.23M	0.01%	813
2016 Q1	$10.1M	Buy	3,579,260 +1,480,780	+71%	+$3.51M	0.01%	739
2015 Q4	$5.41M	Buy	2,098,480 +1,784,750	+569%	+$5.25M	0.01%	970
2015 Q3	$1.1M	Sell	313,730 -425,860	-58%	-$1.35M	﹤0.01%	1536
2015 Q2	$2.51M	Buy	+739,590	New	+$2.31M	﹤0.01%	1304

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 $97.9B AUM 20.73% 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

Bank of Montreal's SHOP Position: Q1 2026 in Review

Bank of Montreal increased its Shopify (SHOP) stake by 7.7% in Q1 2026, buying an estimated $122M and bringing the position to 13,053,711 shares worth $1.55B. The position accounts for 0.58% of the portfolio, ranked #33.

Bank of Montreal first reported a position in SHOP in Q2 2015 and has held it in 44 quarters since. The position peaked at $2.04B in Q2 2021. 1,727 funds tracked by Wall St. Rank hold SHOP as of Q1 2026.

Bank of Montreal held 13,053,711 shares of Shopify worth $1.55B as of Q1 2026.
Bank of Montreal bought 929,514 Shopify shares in Q1 2026, an estimated $122M.
Shopify made up 0.58% of Bank of Montreal's portfolio in Q1 2026, its #33 holding.
Bank of Montreal first reported a position in Shopify in Q2 2015 and has held it in 44 quarters since.
Bank of Montreal's Shopify position peaked at $2.04B in Q2 2021.
1,727 funds tracked by Wall St. Rank held Shopify as of Q1 2026.

Based on Bank of Montreal's 13F filing for Q1 2026, filed 13 May 2026.