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Shopify

1,076 hedge funds and large institutions have $42.6B invested in Shopify in 2023 Q3 according to their latest regulatory filings, with 96 funds opening new positions, 391 increasing their positions, 379 reducing their positions, and 135 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% more repeat investments, than reductions

Existing positions increased: 391 | Existing positions reduced: 379

1% less call options, than puts

Call options by funds: $1.95B | Put options by funds: $1.97B

0.73% less ownership

Funds ownership: 65.28%64.55% (-0.73%)

4% less funds holding

Funds holding: 1,1241,076 (-48)

16% less capital invested

Capital invested by funds: $50.6B → $42.6B (-$8.02B)

25% less funds holding in top 10

Funds holding in top 10: 4433 (-11)

29% less first-time investments, than exits

New positions opened: 96 | Existing positions closed: 135

Holders
1,076
Holders Change
-48
Holders Change %
-4.27%
% of All Funds
17.08%
Holding in Top 10
33
Holding in Top 10 Change
-11
Holding in Top 10 Change %
-25%
% of All Funds
0.52%
New
96
Increased
391
Reduced
379
Closed
135
Calls
$1.95B
Puts
$1.97B
Net Calls
-$13.2M
Net Calls Change
+$389M
Name Holding Trade Value Shares
Change
Change in
Stake
AIM
26
ARK Investment Management
Florida
$380M -$116M -1,919,646 -22%
BlackRock
27
BlackRock
New York
$364M +$202M +3,341,843 +101%
NMO
28
Newlands Management Operations
Texas
$345M
CIBC World Market
29
CIBC World Market
Ontario, Canada
$345M -$24.5M -404,780 -6%
Legal & General Group
30
Legal & General Group
United Kingdom
$340M +$22.9M +377,901 +6%
NAMA
31
Nikko Asset Management Americas
New York
$326M -$55.7M -919,667 -13%
SM
32
SCGE Management
California
$322M -$157M -2,583,491 -30%
Coatue Management
33
Coatue Management
New York
$306M +$340M +5,616,241 New
Canada Pension Plan Investment Board
34
Canada Pension Plan Investment Board
Ontario, Canada
$299M -$3.17M -52,236 -0.9%
Bank of Nova Scotia
35
Bank of Nova Scotia
Ontario, Canada
$281M -$367M -6,054,868 -54%
Bank of New York Mellon
36
Bank of New York Mellon
New York
$273M -$25.5M -421,487 -8%
Barclays
37
Barclays
United Kingdom
$265M -$85.3M -1,408,495 -22%
Select Equity Group
38
Select Equity Group
New York
$263M +$194M +3,203,199 +197%
Artisan Partners
39
Artisan Partners
Wisconsin
$262M +$128M +2,113,773 +78%
Geode Capital Management
40
Geode Capital Management
Massachusetts
$232M +$10.8M +178,289 +4%
CIBC Asset Management
41
CIBC Asset Management
Ontario, Canada
$232M -$2.68M -44,246 -1%
Goldman Sachs
42
Goldman Sachs
New York
$225M +$43.9M +723,803 +21%
Swiss National Bank
43
Swiss National Bank
Switzerland
$221M -$29.5M -486,700 -11%
Mackenzie Financial
44
Mackenzie Financial
Ontario, Canada
$207M -$13.4M -220,638 -5%
Marshall Wace
45
Marshall Wace
United Kingdom
$205M -$51.1M -843,055 -18%
BCIM
46
British Columbia Investment Management
British Columbia, Canada
$186M +$18.9M +311,690 +10%
ACM
47
Ashe Capital Management
New Jersey
$173M
Lord, Abbett & Co
48
Lord, Abbett & Co
New Jersey
$157M -$35.6M -587,382 -17%
Neuberger Berman Group
49
Neuberger Berman Group
New York
$154M +$81M +1,336,658 +89%
ZCI
50
Zevenbergen Capital Investments
Washington
$152M -$3.36M -55,390 -2%

SHOP Hedge Fund Activity: Q3 2023 in Review

1,076 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Shopify (SHOP) for Q3 2023, worth a combined $42.6B — down 16% from $50.6B a quarter earlier.

Sellers outnumbered buyers: 135 funds closed out of SHOP and 96 opened new positions — a net loss of 39 holders — while 379 trimmed existing stakes and 391 added.

The largest buyer was JP Morgan Chase, adding an estimated $359M. The largest seller was Bank of Nova Scotia, cutting an estimated $367M.

  • 1,076 institutional investors held Shopify (SHOP) as of Q3 2023, down from 1,124 in Q2 2023.
  • Funds reported $42.6B of Shopify stock for Q3 2023, down 16% quarter-over-quarter.
  • 96 funds opened new Shopify positions in Q3 2023 and 135 closed out, a net change of -39 holders.
  • The largest Shopify buyer in Q3 2023 was JP Morgan Chase, an estimated $359M added.
  • The largest Shopify seller in Q3 2023 was Bank of Nova Scotia, an estimated $367M sold.

Based on aggregated 13F filings for Q3 2023.