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
Q2 		$1.14B Sell
10,020,663
-2,791,255
-22% -$319M 0.82% 23
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 $484B AUM 34.9% 1-Year Est. Return
Fidelity Investments
Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return
Invesco
Invesco Atlanta, Georgia $1.26T AUM 61.52% 1-Year Est. Return
Vanguard Capital Management
Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM
Capital World Investors
Capital World Investors Los Angeles, California $846B AUM 46.74% 1-Year Est. Return
Baillie Gifford & Co
Baillie Gifford & Co Edinburgh, United Kingdom $110B AUM 4.8% 1-Year Est. Return
Morgan Stanley
Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return
T. Rowe Price Associates
T. Rowe Price Associates Baltimore, Maryland $999B AUM 46.22% 1-Year Est. Return
Royal Bank of Canada
Royal Bank of Canada Toronto, Ontario, Canada $672B AUM 33.48% 1-Year Est. Return
Fidelity International
Fidelity International Hamilton, Bermuda $139B AUM 29.06% 1-Year Est. Return

National Bank of Canada's SHOP Position: Q2 2026 in Review

National Bank of Canada reduced its Shopify (SHOP) stake by 22% in Q2 2026, selling an estimated $319M and leaving 10,020,663 shares worth $1.14B. The position accounts for 0.82% of the portfolio, ranked #23.

National Bank of Canada first reported a position in SHOP in Q4 2021 and has held it in 19 quarters since. The position peaked at $1.52B in Q1 2026. 1,718 funds tracked by Wall St. Rank hold SHOP as of Q2 2026.

  • National Bank of Canada held 10,020,663 shares of Shopify worth $1.14B as of Q2 2026.
  • National Bank of Canada sold 2,791,255 Shopify shares in Q2 2026, an estimated $319M.
  • Shopify made up 0.82% of National Bank of Canada's portfolio in Q2 2026, its #23 holding.
  • National Bank of Canada first reported a position in Shopify in Q4 2021 and has held it in 19 quarters since.
  • National Bank of Canada's Shopify position peaked at $1.52B in Q1 2026.
  • 1,718 funds tracked by Wall St. Rank held Shopify as of Q2 2026.

Based on National Bank of Canada's 13F filing for Q2 2026, filed 10 Aug 2026.