State of Tennessee, Department of Treasury
SHOP icon

State of Tennessee, Department of Treasury’s Shopify SHOP Stock Holding History

State of Tennessee, Department of Treasury’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 		$105M Buy
884,154
+20,938
+2% +$2.75M 0.35% 50
2025
Q4 		$114M Buy
863,216
+143,813
+20% +$23.1M 0.36% 45
2025
Q3 		$107M Sell
719,403
-22,485
-3% -$3.05M 0.36% 47
2025
Q2 		$85.4M Hold
741,888
– – 0.31% 55
2025
Q1 		$70.6M Buy
741,888
+5,386
+0.7% +$587K 0.27% 60
2024
Q4 		$78.3M Buy
736,502
+23,770
+3% +$2.31M 0.28% 59
2024
Q3 		$57.2M Buy
712,732
+6,858
+1% +$474K 0.2% 92
2024
Q2 		$46.6M Sell
705,874
-11,761
-2% -$780K 0.17% 109
2024
Q1 		$55.4M Hold
717,635
– – 0.21% 90
2023
Q4 		$56.1M Buy
717,635
+18,740
+3% +$1.2M 0.22% 84
2023
Q3 		$38.3M Hold
698,895
– – 0.15% 121
2023
Q2 		$45.2M Buy
698,895
+17,231
+3% +$974K 0.19% 115
2023
Q1 		$32.6M Hold
681,664
– – 0.15% 155
2022
Q4 		$23.6M Sell
681,664
-186,707
-22% -$6.38M 0.11% 197
2022
Q3 		$23.5M Sell
868,371
-152,289
-15% -$5.18M 0.11% 192
2022
Q2 		$31.8M Sell
1,020,660
-6,000
-0.6% -$256K 0.15% 151
2022
Q1 		$69.5M Sell
1,026,660
-65,630
-6% -$5.39M 0.27% 82
2021
Q4 		$151M Sell
1,092,290
-64,520
-6% -$9.43M 0.55% 33
2021
Q3 		$157M Buy
1,156,810
+1,550
+0.1% +$232K 0.61% 30
2021
Q2 		$169M Sell
1,155,260
-14,960
-1% -$1.84M 0.64% 28
2021
Q1 		$129M Sell
1,170,220
-28,350
-2% -$3.43M 0.53% 33
2020
Q4 		$135M Sell
1,198,570
-46,450
-4% -$4.88M 0.57% 33
2020
Q3 		$127M Sell
1,245,020
-472,970
-28% -$47M 0.59% 36
2020
Q2 		$163M Buy
1,717,990
+22,850
+1% +$1.59M 0.8% 20
2020
Q1 		$70.7M Sell
1,695,140
-360,760
-18% -$16.3M 0.4% 58
2019
Q4 		$90.8M Buy
2,055,900
+14,400
+0.7% +$487K 0.4% 55
2019
Q3 		$71.3M Buy
2,041,500
+578,380
+40% +$19.8M 0.33% 75
2019
Q2 		$43.9M Sell
1,463,120
-574,340
-28% -$15M 0.22% 109
2019
Q1 		$42.1M Hold
2,037,460
– – 0.21% 114
2018
Q4 		$28.2M Buy
2,037,460
+26,750
+1% +$377K 0.15% 148
2018
Q3 		$33.1M Buy
+2,010,710
New +$30.6M 0.16% 149
2017
Q4 		– Sell
-259,030
Closed -$3.02M – 1534
2017
Q3 		$3.02M Sell
259,030
-208,000
-45% -$2.12M 0.02% 695
2017
Q2 		$4.06M Buy
467,030
+5,500
+1% +$46.5K 0.02% 618
2017
Q1 		$3.14M Sell
461,530
-55,640
-11% -$320K 0.01% 684
2016
Q4 		$2.22M Sell
517,170
-168,020
-25% -$706K 0.01% 800
2016
Q3 		$2.94M Sell
685,190
-88,470
-11% -$338K 0.01% 715
2016
Q2 		$2.38M Buy
+773,660
New +$2.26M 0.01% 706

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 $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 $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
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

State of Tennessee, Department of Treasury's SHOP Position: Q1 2026 in Review

State of Tennessee, Department of Treasury increased its Shopify (SHOP) stake by 2.4% in Q1 2026, buying an estimated $2.75M and bringing the position to 884,154 shares worth $105M. The position accounts for 0.35% of the portfolio, ranked #50.

State of Tennessee, Department of Treasury first reported a position in SHOP in Q2 2016 and has held it in 37 quarters since. The position peaked at $169M in Q2 2021. 1,734 funds tracked by Wall St. Rank hold SHOP as of Q1 2026.

  • State of Tennessee, Department of Treasury held 884,154 shares of Shopify worth $105M as of Q1 2026.
  • State of Tennessee, Department of Treasury bought 20,938 Shopify shares in Q1 2026, an estimated $2.75M.
  • Shopify made up 0.35% of State of Tennessee, Department of Treasury's portfolio in Q1 2026, its #50 holding.
  • State of Tennessee, Department of Treasury first reported a position in Shopify in Q2 2016 and has held it in 37 quarters since.
  • State of Tennessee, Department of Treasury's Shopify position peaked at $169M in Q2 2021.
  • 1,734 funds tracked by Wall St. Rank held Shopify as of Q1 2026.

Based on State of Tennessee, Department of Treasury's 13F filing for Q1 2026, filed 15 May 2026.