Shopify
SHOP
1,556 hedge funds and large institutions have $97.4B invested in Shopify in 2025 Q2 according to their latest regulatory filings, with 222 funds opening new positions, 585 increasing their positions, 512 reducing their positions, and 125 closing their positions.
78% more first-time investments, than exits
New positions opened: 222 | Existing positions closed: 125
31% more call options, than puts
Call options by funds: $3.09B | Put options by funds: $2.35B
20% more capital invested
Capital invested by funds: $81.1B → $97.4B (+$16.3B)
14% more repeat investments, than reductions
Existing positions increased: 585 | Existing positions reduced: 512
5% more funds holding
Funds holding: 1,478 → 1,556 (+78)
0.52% less ownership
Funds ownership: 69.79% → 69.27% (-0.52%)
2% less funds holding in top 10
Funds holding in top 10: 49 → 48 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
+$624M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$593M |
| 3 |
Capital World Investors
Los Angeles,
California
|
+$588M |
| 4 |
Capital International Investors
Los Angeles,
California
|
+$474M |
| 5 |
Goldman Sachs
New York
|
+$246M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$1.81B |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
-$1.34B |
| 3 |
Sands Capital Management
Arlington,
Virginia
|
-$465M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$424M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$404M |
SHOP Hedge Fund Activity: Q2 2025 in Review
1,556 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Shopify (SHOP) for Q2 2025, worth a combined $97.4B — up 20% from $81.1B a quarter earlier.
Buyers outnumbered sellers: 222 funds opened new SHOP positions and 125 closed out — a net gain of 97 holders — while 585 added to existing stakes and 512 trimmed.
The largest buyer was Jennison Associates, adding an estimated $624M. The largest seller was Baillie Gifford & Co, cutting an estimated $1.81B.
- 1,556 institutional investors held Shopify (SHOP) as of Q2 2025, up from 1,478 in Q1 2025.
- Funds reported $97.4B of Shopify stock for Q2 2025, up 20% quarter-over-quarter.
- 222 funds opened new Shopify positions in Q2 2025 and 125 closed out, a net change of +97 holders.
- The largest Shopify buyer in Q2 2025 was Jennison Associates, an estimated $624M added.
- The largest Shopify seller in Q2 2025 was Baillie Gifford & Co, an estimated $1.81B sold.
Based on aggregated 13F filings for Q2 2025.