State of Michigan Retirement System’s Shopify SHOP Stock Holding History

State of Michigan Retirement System’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	$21.4M	Buy	187,534 +87,734	+88%	+$10M	0.09%	171
2026 Q1	$11.8M	Sell	99,800 -17,400	-15%	-$2.29M	0.06%	260
2025 Q4	$18.9M	Hold	117,200	–	–	0.09%	176
2025 Q3	$17.4M	Hold	117,200	–	–	0.08%	195
2025 Q2	$13.5M	Hold	117,200	–	–	0.07%	233
2025 Q1	$11.2M	Sell	117,200 -21,500	-16%	-$2.34M	0.06%	258
2024 Q4	$14.7M	Sell	138,700 -21,300	-13%	-$2.07M	0.08%	210
2024 Q3	$12.8M	Hold	160,000	–	–	0.06%	238
2024 Q2	$10.6M	Hold	160,000	–	–	0.05%	256
2024 Q1	$12.3M	Hold	160,000	–	–	0.07%	229
2023 Q4	$12.5M	Hold	160,000	–	–	0.07%	215
2023 Q3	$8.73M	Hold	160,000	–	–	0.06%	274
2023 Q2	$10.3M	Hold	160,000	–	–	0.06%	252
2023 Q1	$7.67M	Hold	160,000	–	–	0.05%	311
2022 Q4	$5.55M	Hold	160,000	–	–	0.04%	362
2022 Q3	$4.31M	Sell	160,000 -2,210	-1%	-$75.2K	0.03%	393
2022 Q2	$5.07M	Buy	+162,210	New	+$6.93M	0.03%	371
2016 Q2	–	Sell	-95,040	Closed	-$268K	–	971
2016 Q1	$268K	Buy	+95,040	New	+$225K	﹤0.01%	950

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

State of Michigan Retirement System's SHOP Position: Q2 2026 in Review

State of Michigan Retirement System increased its Shopify (SHOP) stake by 88% in Q2 2026, buying an estimated $10M and bringing the position to 187,534 shares worth $21.4M. The position accounts for 0.09% of the portfolio, ranked #171.

State of Michigan Retirement System first reported a position in SHOP in Q1 2016 and has held it in 18 quarters since. 1,705 funds tracked by Wall St. Rank hold SHOP as of Q2 2026.

State of Michigan Retirement System held 187,534 shares of Shopify worth $21.4M as of Q2 2026.
State of Michigan Retirement System bought 87,734 Shopify shares in Q2 2026, an estimated $10M.
Shopify made up 0.09% of State of Michigan Retirement System's portfolio in Q2 2026, its #171 holding.
State of Michigan Retirement System first reported a position in Shopify in Q1 2016 and has held it in 18 quarters since.
1,705 funds tracked by Wall St. Rank held Shopify as of Q2 2026.

Based on State of Michigan Retirement System's 13F filing for Q2 2026, filed 30 Jul 2026.