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1,718 hedge funds and large institutions have $123B invested in Shopify in 2025 Q3 according to their latest regulatory filings, with 276 funds opening new positions, 559 increasing their positions, 621 reducing their positions, and 83 closing their positions.

New
Increased
Maintained
Reduced
Closed

233% more first-time investments, than exits

New positions opened: 276 | Existing positions closed: 83

48% more funds holding in top 10

Funds holding in top 10: 48 → 71 (+23)

36% more call options, than puts

Call options by funds: $4.52B | Put options by funds: $3.32B

27% more capital invested

Capital invested by funds: $97.4B → $123B (+$26B)

10% more funds holding

Funds holding: 1,555 → 1,718 (+163)

10% less repeat investments, than reductions

Existing positions increased: 559 | Existing positions reduced: 621

1.29% less ownership

Funds ownership: 69.27% → 67.98% (-1.3%)

Holders
1,718
Holders Change
+163
Holders Change %
+10.48%
% of All Funds
22.55%
Holding in Top 10
71
Holding in Top 10 Change
+23
Holding in Top 10 Change %
+47.92%
% of All Funds
0.93%
New
276
Increased
559
Reduced
621
Closed
83
Calls
$4.52B
Puts
$3.32B
Net Calls
+$1.19B
Net Calls Change
+$458M

Top Buyers

1
Jennison Associates
Jennison Associates
New York
+$1B
2
JP Morgan Chase
JP Morgan Chase
New York
+$730M
3
Invesco
Invesco
Georgia
+$381M
4
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$355M
5
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$314M

Top Sellers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$711M
2
Capital World Investors
Capital World Investors
California
-$592M
3
Polen Capital Management
Polen Capital Management
Florida
-$492M
4
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$486M
5
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
-$312M
Name Holding Trade Value Shares
Change 		Change in
Stake
SPG
376
Strategic Planning Group
Utah
$7.93M +$446K +3,292 +7%
Citadel Advisors
377
Citadel Advisors
Florida
$7.72M +$7.04M +51,945 New
CUAMC
378
China Universal Asset Management Company
China
$7.72M +$1.97M +14,561 +39%
HIP
379
HUB Investment Partners
Texas
$7.71M +$287K +2,114 +4%
KJHP
380
K.J. Harrison & Partners
Ontario, Canada
$7.6M +$813K +6,000 +14%
WC
381
Westerkirk Capital
$7.6M -$1.4M -10,300 -17%
Twin Tree Management
382
Twin Tree Management
Texas
$7.52M -$13.4M -98,852 -66%
GIA
383
Gateway Investment Advisers
Ohio
$7.51M +$129K +950 +2%
FP
384
FFG Partners
Florida
$7.47M +$6.82M +50,286 New
DWM
385
Diversify Wealth Management
Utah
$7.44M -$400K -2,948 -6%
ACM
386
Alight Capital Management
New York
$7.43M +$6.78M +50,000 New
GC
387
Gillson Capital
Illinois
$7.37M +$6.72M +49,600 New
KPWS
388
Kestra Private Wealth Services
Texas
$7.35M -$776K -5,724 -10%
OIC
389
Orion Investment Company
Missouri
$7.24M +$573K +4,223 +9%
CAG
390
Crestwood Advisors Group
Massachusetts
$7.21M +$304K +2,243 +5%
PCM
391
Prelude Capital Management
New York
$7.09M +$6.01M +44,317 +1,298%
SG
392
Sienna Gestion
France
$7.06M -$732K -5,400 -9%
ASC
393
Atalanta Sosnoff Capital
New York
$7.05M -$171K -1,259 -3%
CHCM
394
Columbus Hill Capital Management
New Jersey
$6.97M – – –
AQR Capital Management
395
AQR Capital Management
Connecticut
$6.96M +$2.89M +21,308 +84%
QFMHK
396
Q Fund Management (Hong Kong)
$6.95M +$6.34M +46,800 New
OCBCO
397
Oversea-Chinese Banking Corp (OCBC)
Singapore
$6.94M +$465K +3,429 +8%
GWMR
398
GC Wealth Management RIA
Massachusetts
$6.93M +$4.89M +36,082 +342%
GCM
399
Gunderson Capital Management
South Carolina
$6.89M +$6.29M +46,393 New
CSP
400
Cary Street Partners
Virginia
$6.81M +$190K +1,401 +3%
14 15
16
17 18

SHOP Hedge Fund Activity: Q3 2025 in Review

1,718 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Shopify (SHOP) for Q3 2025, worth a combined $123B — up 27% from $97.4B a quarter earlier.

Buyers outnumbered sellers: 276 funds opened new SHOP positions and 83 closed out — a net gain of 193 holders — while 559 added to existing stakes and 621 trimmed.

The largest buyer was Jennison Associates, adding an estimated $1B. The largest seller was T. Rowe Price Associates, cutting an estimated $711M.

  • 1,718 institutional investors held Shopify (SHOP) as of Q3 2025, up from 1,555 in Q2 2025.
  • Funds reported $123B of Shopify stock for Q3 2025, up 27% quarter-over-quarter.
  • 276 funds opened new Shopify positions in Q3 2025 and 83 closed out, a net change of +193 holders.
  • The largest Shopify buyer in Q3 2025 was Jennison Associates, an estimated $1B added.
  • The largest Shopify seller in Q3 2025 was T. Rowe Price Associates, an estimated $711M sold.

Based on aggregated 13F filings for Q3 2025.