Telemark Asset Management’s Shopify SHOP Stock Holding History

Telemark Asset 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
2026 Q1	$10.7M	Sell	90,000 -40,000	-31%	-$5.26M	0.99%	37
2025 Q4	$20.9M	Hold	130,000	–	–	2.09%	13
2025 Q3	$19.3M	Buy	130,000 +30,000	+30%	+$4.07M	1.83%	23
2025 Q2	$11.5M	Buy	+100,000	New	+$10M	1.05%	30
2017 Q4	–	Sell	-1,300,000	Closed	-$15.1M	–	50
2017 Q3	$15.1M	Hold	1,300,000	–	–	3.11%	10
2017 Q2	$11.3M	Sell	1,300,000 -500,000	-28%	-$4.23M	2.44%	14
2017 Q1	$12.3M	Sell	1,800,000 -200,000	-10%	-$1.15M	2.88%	12
2016 Q4	$8.57M	Hold	2,000,000	–	–	1.87%	22
2016 Q3	$8.58M	Buy	2,000,000 +200,000	+11%	+$763K	1.78%	22
2016 Q2	$5.54M	Hold	1,800,000	–	–	1.27%	25
2016 Q1	$5.08M	Sell	1,800,000 -700,000	-28%	-$1.66M	1.26%	23
2015 Q4	$6.45M	Buy	+2,500,000	New	+$7.36M	1.51%	20

Other funds holding SHOP

Capital International Investors Los Angeles, California $427B AUM 29.17% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

Capital World Investors Los Angeles, California $733B AUM 35.63% 1-Year Est. Return

Baillie Gifford & Co Edinburgh, United Kingdom $97.9B AUM 20.73% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return

Telemark Asset Management's SHOP Position: Q1 2026 in Review

Telemark Asset Management reduced its Shopify (SHOP) stake by 31% in Q1 2026, selling an estimated $5.26M and leaving 90,000 shares worth $10.7M. The position accounts for 0.99% of the portfolio, ranked #37.

Telemark Asset Management first reported a position in SHOP in Q4 2015 and has held it in 12 quarters since. The position peaked at $20.9M in Q4 2025. 1,725 funds tracked by Wall St. Rank hold SHOP as of Q1 2026.

Telemark Asset Management held 90,000 shares of Shopify worth $10.7M as of Q1 2026.
Telemark Asset Management sold 40,000 Shopify shares in Q1 2026, an estimated $5.26M.
Shopify made up 0.99% of Telemark Asset Management's portfolio in Q1 2026, its #37 holding.
Telemark Asset Management first reported a position in Shopify in Q4 2015 and has held it in 12 quarters since.
Telemark Asset Management's Shopify position peaked at $20.9M in Q4 2025.
1,725 funds tracked by Wall St. Rank held Shopify as of Q1 2026.

Based on Telemark Asset Management's 13F filing for Q1 2026, filed 12 May 2026.