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Shopify

1,725 hedge funds and large institutions have $99B invested in Shopify in 2026 Q1 according to their latest regulatory filings, with 168 funds opening new positions, 675 increasing their positions, 616 reducing their positions, and 293 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more call options, than puts

Call options by funds: $5.52B | Put options by funds: $3.46B

10% more repeat investments, than reductions

Existing positions increased: 675 | Existing positions reduced: 616

2.34% less ownership

Funds ownership: 70.26%67.92% (-2.3%)

8% less funds holding

Funds holding: 1,8841,725 (-159)

28% less capital invested

Capital invested by funds: $138B → $99B (-$39.3B)

34% less funds holding in top 10

Funds holding in top 10: 7147 (-24)

43% less first-time investments, than exits

New positions opened: 168 | Existing positions closed: 293

Holders
1,725
Holders Change
-159
Holders Change %
-8.44%
% of All Funds
21.22%
Holding in Top 10
47
Holding in Top 10 Change
-24
Holding in Top 10 Change %
-33.8%
% of All Funds
0.58%
New
168
Increased
675
Reduced
616
Closed
293
Calls
$5.52B
Puts
$3.46B
Net Calls
+$2.06B
Net Calls Change
+$476M
Name Holding Trade Value Shares
Change
Change in
Stake
Sands Capital Management
26
Sands Capital Management
Virginia
$1.06B -$74.9M -570,370 -6%
BlackRock
27
BlackRock
New York
$1.05B -$158M -1,200,156 -12%
CIBC World Market
28
CIBC World Market
Ontario, Canada
$1.04B +$2.28M +17,372 +0.2%
Manulife (Manufacturers Life Insurance)
29
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$998M +$86.7M +660,198 +9%
Canada Pension Plan Investment Board
30
Canada Pension Plan Investment Board
Ontario, Canada
$986M -$59.3M -451,055 -5%
Franklin Resources
31
Franklin Resources
California
$982M -$35.8M -272,268 -3%
Massachusetts Financial Services
32
Massachusetts Financial Services
Massachusetts
$789M +$18.2M +138,527 +2%
Connor, Clark & Lunn Investment Management (CC&L)
33
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$758M +$24M +182,560 +3%
NMO
34
Newlands Management Operations
Texas
$750M
Legal & General Group
35
Legal & General Group
United Kingdom
$750M -$667K -5,079 -0.1%
Polen Capital Management
36
Polen Capital Management
Florida
$748M -$118M -895,132 -12%
WCM Investment Management
37
WCM Investment Management
California
$747M -$2.39M -18,156 -0.3%
Edgewood Management
38
Edgewood Management
Connecticut
$720M -$17.5M -133,335 -2%
N
39
Nuveen
North Carolina
$603M -$133M -1,013,398 -17%
VGA
40
Vanguard Global Advisers
Pennsylvania
$584M +$646M +4,919,938 New
UBS Group
41
UBS Group
Switzerland
$561M +$250M +1,903,352 +67%
BAMCO Inc
42
BAMCO Inc
New York
$560M +$319M +2,429,960 +106%
Artisan Partners
43
Artisan Partners
Wisconsin
$517M -$4.09M -31,129 -0.7%
CIBC Asset Management
44
CIBC Asset Management
Ontario, Canada
$511M +$3.28M +24,951 +0.6%
AIM
45
ARK Investment Management
Florida
$496M +$26.1M +198,754 +5%
Swiss National Bank
46
Swiss National Bank
Switzerland
$488M +$115M +876,100 +27%
Janus Henderson Group
47
Janus Henderson Group
United Kingdom
$479M -$44M -334,622 -8%
Sumitomo Mitsui Trust Group
48
Sumitomo Mitsui Trust Group
Japan
$436M +$19.1M +145,500 +4%
Barclays
49
Barclays
United Kingdom
$432M +$248M +1,889,746 +108%
Jane Street
50
Jane Street
New York
$415M +$419M +3,187,389 +1,027%

SHOP Hedge Fund Activity: Q1 2026 in Review

1,725 of the 8,128 institutional investors tracked by Wall St. Rank reported a position in Shopify (SHOP) for Q1 2026, worth a combined $99B — down 28% from $138B a quarter earlier.

Sellers outnumbered buyers: 293 funds closed out of SHOP and 168 opened new positions — a net loss of 125 holders — while 616 trimmed existing stakes and 675 added.

The largest buyer was Capital International Investors, adding an estimated $1.54B. The largest seller was JP Morgan Chase, cutting an estimated $2.1B.

  • 1,725 institutional investors held Shopify (SHOP) as of Q1 2026, down from 1,884 in Q4 2025.
  • Funds reported $99B of Shopify stock for Q1 2026, down 28% quarter-over-quarter.
  • 168 funds opened new Shopify positions in Q1 2026 and 293 closed out, a net change of -125 holders.
  • The largest Shopify buyer in Q1 2026 was Capital International Investors, an estimated $1.54B added.
  • The largest Shopify seller in Q1 2026 was JP Morgan Chase, an estimated $2.1B sold.

Based on aggregated 13F filings for Q1 2026.