Geode Capital Management’s Shopify SHOP Stock Holding History

Geode 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	$1.54B	Buy	12,910,116 +308,640	+2%	+$40.6M	0.1%	185
2025 Q4	$2.04B	Buy	12,601,476 +737,892	+6%	+$118M	0.13%	121
2025 Q3	$1.77B	Buy	11,863,584 +1,131,789	+11%	+$153M	0.11%	146
2025 Q2	$1.25B	Buy	10,731,795 +1,781,530	+20%	+$178M	0.09%	193
2025 Q1	$857M	Buy	8,950,265 +1,934,683	+28%	+$211M	0.07%	262
2024 Q4	$749M	Buy	7,015,582 +1,627,776	+30%	+$158M	0.06%	298
2024 Q3	$433M	Buy	5,387,806 +471,280	+10%	+$32.5M	0.04%	420
2024 Q2	$325M	Buy	4,916,526 +229,645	+5%	+$15.2M	0.03%	462
2024 Q1	$361M	Buy	4,686,881 +254,956	+6%	+$20.1M	0.03%	441
2023 Q4	$343M	Buy	4,431,925 +158,681	+4%	+$10.1M	0.04%	427
2023 Q3	$232M	Buy	4,273,244 +178,289	+4%	+$10.8M	0.03%	491
2023 Q2	$263M	Buy	4,094,955 +262,506	+7%	+$14.8M	0.03%	463
2023 Q1	$183M	Buy	3,832,449 +117,259	+3%	+$5.16M	0.02%	534
2022 Q4	$128M	Buy	3,715,190 +111,778	+3%	+$3.82M	0.02%	617
2022 Q3	$96.7M	Buy	3,603,412 +299,957	+9%	+$10.2M	0.01%	697
2022 Q2	$103M	Buy	3,303,455 +115,085	+4%	+$4.91M	0.02%	672
2022 Q1	$214M	Buy	3,188,370 +119,690	+4%	+$9.83M	0.03%	523
2021 Q4	$420M	Buy	3,068,680 +205,620	+7%	+$30M	0.05%	357
2021 Q3	$386M	Buy	2,863,060 +340,410	+13%	+$51M	0.05%	351
2021 Q2	$366M	Buy	2,522,650 +310,680	+14%	+$38.3M	0.05%	357
2021 Q1	$243M	Buy	2,211,970 +232,500	+12%	+$28.1M	0.04%	449
2020 Q4	$222M	Buy	1,979,470 +124,840	+7%	+$13.1M	0.04%	435
2020 Q3	$189M	Buy	1,854,630 +101,420	+6%	+$10.1M	0.04%	422
2020 Q2	$166M	Buy	1,753,210 +170,940	+11%	+$11.9M	0.04%	428
2020 Q1	$65.9M	Buy	1,582,270 +185,790	+13%	+$8.38M	0.02%	636
2019 Q4	$55.1M	Buy	1,396,480 +188,510	+16%	+$6.38M	0.01%	877
2019 Q3	$37.4M	Buy	1,207,970 +1,196,710	+10,628%	+$41M	0.01%	1052
2019 Q2	$337K	Buy	+11,260	New	+$293K	﹤0.01%	3605
2018 Q2	–	Sell	-533,820	Closed	-$6.57M	–	4094
2018 Q1	$6.57M	Buy	+533,820	New	+$6.91M	﹤0.01%	2068

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

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

Geode Capital Management increased its Shopify (SHOP) stake by 2.4% in Q1 2026, buying an estimated $40.6M and bringing the position to 12,910,116 shares worth $1.54B. The position accounts for 0.1% of the portfolio, ranked #185.

Geode Capital Management first reported a position in SHOP in Q1 2018 and has held it in 29 quarters since. The position peaked at $2.04B in Q4 2025. 1,725 funds tracked by Wall St. Rank hold SHOP as of Q1 2026.

Geode Capital Management held 12,910,116 shares of Shopify worth $1.54B as of Q1 2026.
Geode Capital Management bought 308,640 Shopify shares in Q1 2026, an estimated $40.6M.
Shopify made up 0.1% of Geode Capital Management's portfolio in Q1 2026, its #185 holding.
Geode Capital Management first reported a position in Shopify in Q1 2018 and has held it in 29 quarters since.
Geode Capital Management's Shopify position peaked at $2.04B in Q4 2025.
1,725 funds tracked by Wall St. Rank held Shopify as of Q1 2026.

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