Hudson Bay Capital Management’s Shopify SHOP Stock Holding History

Hudson Bay 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	$122M	Buy	1,066,000 +116,000	+12%	+$13.2M	0.33%	69
2026 Q1	$113M	Buy	950,000 +24,303	+3%	+$3.19M	0.39%	54
2025 Q4	$149M	Buy	925,697 +858,862	+1,285%	+$138M	0.49%	46
2025 Q3	$9.93M	Buy	+66,835	New	+$9.06M	0.03%	361
2025 Q2	–	Sell	-13,093	Closed	-$1.25M	–	1632
2025 Q1	$1.25M	Buy	+13,093	New	+$1.43M	﹤0.01%	885
2024 Q4	–	Sell	-100,648	Closed	-$8.07M	–	1092
2024 Q3	$8.07M	Buy	100,648 +5,107	+5%	+$353K	0.03%	329
2024 Q2	$6.31M	Sell	95,541 -814,459	-90%	-$54M	0.03%	337
2024 Q1	$70.2M	Sell	910,000 -500,000	-35%	-$39.5M	0.39%	45
2023 Q4	$110M	Buy	1,410,000 +510,000	+57%	+$32.6M	0.7%	35
2023 Q3	$49.1M	Buy	+900,000	New	+$54.5M	0.39%	50
2023 Q2	–	Sell	-836,000	Closed	-$40.1M	–	954
2023 Q1	$40.1M	Buy	+836,000	New	+$36.8M	0.33%	66
2022 Q3	–	Sell	-100,000	Closed	-$3.12M	–	1351
2022 Q2	$3.12M	Buy	+100,000	New	+$4.27M	0.02%	628
2021 Q1	–	Sell	-45,000	Closed	-$5.09M	–	938
2020 Q4	$5.09M	Buy	+45,000	New	+$4.72M	0.05%	230

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

Hudson Bay Capital Management's SHOP Position: Q2 2026 in Review

Hudson Bay Capital Management increased its Shopify (SHOP) stake by 12% in Q2 2026, buying an estimated $13.2M and bringing the position to 1,066,000 shares worth $122M. The position accounts for 0.33% of the portfolio, ranked #69.

Hudson Bay Capital Management first reported a position in SHOP in Q4 2020 and has held it in 13 quarters since. The position peaked at $149M in Q4 2025. 1,705 funds tracked by Wall St. Rank hold SHOP as of Q2 2026.

Hudson Bay Capital Management held 1,066,000 shares of Shopify worth $122M as of Q2 2026.
Hudson Bay Capital Management bought 116,000 Shopify shares in Q2 2026, an estimated $13.2M.
Shopify made up 0.33% of Hudson Bay Capital Management's portfolio in Q2 2026, its #69 holding.
Hudson Bay Capital Management first reported a position in Shopify in Q4 2020 and has held it in 13 quarters since.
Hudson Bay Capital Management's Shopify position peaked at $149M in Q4 2025.
1,705 funds tracked by Wall St. Rank held Shopify as of Q2 2026.

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