PAR Capital Management’s Shopify SHOP Stock Holding History

PAR 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
2025 Q4	–	Sell	-2,500	Closed	-$372K	–	67
2025 Q3	$372K	Buy	+2,500	New	+$339K	0.01%	60
2025 Q1	–	Sell	-3,000	Closed	-$319K	–	60
2024 Q4	$319K	Sell	3,000 -2,000	-40%	-$195K	0.01%	55
2024 Q3	$401K	Buy	+5,000	New	+$345K	0.01%	50
2023 Q2	–	Sell	-6,500	Closed	-$312K	–	49
2023 Q1	$312K	Buy	+6,500	New	+$286K	0.01%	42

Other funds holding SHOP

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

Capital World Investors Los Angeles, California $846B AUM 46.74% 1-Year Est. Return

Invesco Atlanta, Georgia $1.26T AUM 61.52% 1-Year Est. Return

Capital International Investors Los Angeles, California $484B AUM 34.9% 1-Year Est. Return

JP Morgan Chase New York $1.81T AUM 41.13% 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

PAR Capital Management's SHOP Position: Q4 2025 in Review

PAR Capital Management sold out of Shopify (SHOP) in Q4 2025, closing a stake of 2,500 shares — an estimated $372K sold.

PAR Capital Management first reported a position in SHOP in Q1 2023 and held it in 4 quarters. The position peaked at $401K in Q3 2024. 1,888 funds tracked by Wall St. Rank hold SHOP as of Q4 2025.

PAR Capital Management reported no remaining Shopify position as of Q4 2025 after selling out during the quarter.
PAR Capital Management sold 2,500 Shopify shares in Q4 2025, an estimated $372K.
PAR Capital Management first reported a position in Shopify in Q1 2023 and held it in 4 quarters.
PAR Capital Management's Shopify position peaked at $401K in Q3 2024.
1,888 funds tracked by Wall St. Rank held Shopify as of Q4 2025.

Based on PAR Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.