National Bank of Canada
SHOP icon

National Bank of Canada’s Shopify SHOP Stock Holding History

National Bank of Canada’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 		$1.52B Buy
12,811,918
+3,394,298
+36% +$446M 1.36% 13
2025
Q4 		$1.51B Sell
9,417,620
-427,960
-4% -$68.7M 1.38% 12
2025
Q3 		$1.46B Sell
9,845,580
-604,319
-6% -$81.9M 1.45% 12
2025
Q2 		$1.2B Buy
10,449,899
+1,269,554
+14% +$127M 1.14% 13
2025
Q1 		$870M Buy
9,180,345
+478,689
+6% +$52.2M 0.91% 17
2024
Q4 		$927M Buy
8,701,656
+1,292,776
+17% +$126M 0.98% 16
2024
Q3 		$594M Buy
7,408,880
+1,621,981
+28% +$112M 0.68% 27
2024
Q2 		$379M Buy
5,786,899
+249,793
+5% +$16.6M 0.52% 35
2024
Q1 		$326M Sell
5,537,106
-2,274,570
-29% -$180M 0.5% 38
2023
Q4 		$577M Sell
7,811,676
-26,515
-0.3% -$1.69M 0.92% 19
2023
Q3 		$423M Sell
7,838,191
-734,873
-9% -$44.5M 0.64% 29
2023
Q2 		$554M Buy
8,573,064
+1,903,177
+29% +$108M 1.01% 18
2023
Q1 		$320M Buy
6,669,887
+116,371
+2% +$5.12M 0.79% 28
2022
Q4 		$227M Buy
6,553,516
+5,432,801
+485% +$186M 0.58% 37
2022
Q3 		$30.2M Buy
1,120,715
+961,427
+604% +$32.7M 0.16% 135
2022
Q2 		$4.75M Sell
159,288
-2,422,432
-94% -$103M 0.02% 562
2022
Q1 		$174M Buy
2,581,720
+1,968,190
+321% +$162M 0.51% 42
2021
Q4 		$84M Buy
+613,530
New +$89.6M 0.29% 75

Other funds holding SHOP

Capital International Investors
Capital International Investors Los Angeles, California $427B AUM 29.17% 1-Year Est. Return
Fidelity Investments
Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return
Invesco
Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return
VCM
Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM
Capital World Investors
Capital World Investors Los Angeles, California $733B AUM 35.63% 1-Year Est. Return
Baillie Gifford & Co
Baillie Gifford & Co Edinburgh, United Kingdom $97.9B AUM 20.73% 1-Year Est. Return
T. Rowe Price Associates
T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return
Morgan Stanley
Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return
Royal Bank of Canada
Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return
Fidelity International
Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return

National Bank of Canada's SHOP Position: Q1 2026 in Review

National Bank of Canada increased its Shopify (SHOP) stake by 36% in Q1 2026, buying an estimated $446M and bringing the position to 12,811,918 shares worth $1.52B. The position accounts for 1.36% of the portfolio, ranked #13.

National Bank of Canada first reported a position in SHOP in Q4 2021 and has held it in 18 quarters since. 1,727 funds tracked by Wall St. Rank hold SHOP as of Q1 2026.

  • National Bank of Canada held 12,811,918 shares of Shopify worth $1.52B as of Q1 2026.
  • National Bank of Canada bought 3,394,298 Shopify shares in Q1 2026, an estimated $446M.
  • Shopify made up 1.36% of National Bank of Canada's portfolio in Q1 2026, its #13 holding.
  • National Bank of Canada first reported a position in Shopify in Q4 2021 and has held it in 18 quarters since.
  • 1,727 funds tracked by Wall St. Rank held Shopify as of Q1 2026.

Based on National Bank of Canada's 13F filing for Q1 2026, filed 15 May 2026.