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1,222 hedge funds and large institutions have $61.5B invested in Shopify in 2024 Q1 according to their latest regulatory filings, with 124 funds opening new positions, 446 increasing their positions, 440 reducing their positions, and 99 closing their positions.

New
Increased
Maintained
Reduced
Closed

52% more call options, than puts

Call options by funds: $2.85B | Put options by funds: $1.87B

25% more first-time investments, than exits

New positions opened: 124 | Existing positions closed: 99

1% more repeat investments, than reductions

Existing positions increased: 446 | Existing positions reduced: 440

1% more funds holding

Funds holding: 1,211 → 1,222 (+11)

5.45% less ownership

Funds ownership: 71.53% → 66.08% (-5.4%)

8% less capital invested

Capital invested by funds: $67.2B → $61.5B (-$5.66B)

20% less funds holding in top 10

Funds holding in top 10: 40 → 32 (-8)

Holders
1,222
Holders Change
+11
Holders Change %
+0.91%
% of All Funds
17.6%
Holding in Top 10
32
Holding in Top 10 Change
-8
Holding in Top 10 Change %
-20%
% of All Funds
0.46%
New
124
Increased
446
Reduced
440
Closed
99
Calls
$2.85B
Puts
$1.87B
Net Calls
+$979M
Net Calls Change
+$107M

Top Buyers

1
GQG Partners
GQG Partners
Florida
+$1.1B
2
Capital World Investors
Capital World Investors
California
+$817M
3
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$473M
4
JP Morgan Chase
JP Morgan Chase
New York
+$218M
5
MU
Mirova US
Massachusetts
+$157M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$4.26B
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$610M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$383M
4
Capital Research Global Investors
Capital Research Global Investors
California
-$352M
5
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
-$219M
Name Holding Trade Value Shares
Change 		Change in
Stake
Artisan Partners
26
Artisan Partners
Wisconsin
$504M +$8.59M +108,673 +2%
BlackRock
27
BlackRock
New York
$500M +$26.1M +330,468 +5%
Bank of Nova Scotia
28
Bank of Nova Scotia
Ontario, Canada
$498M -$69.7M -881,870 -12%
NMO
29
Newlands Management Operations
Texas
$488M – – –
Legal & General Group
30
Legal & General Group
United Kingdom
$472M +$1.7M +21,577 +0.4%
VOYA Investment Management
31
VOYA Investment Management
Georgia
$458M -$109M -1,380,240 -19%
N
32
Nuveen
North Carolina
$412M -$15.3M -193,475 -3%
SM
33
SCGE Management
California
$409M +$25.7M +325,000 +7%
Bank of New York Mellon
34
Bank of New York Mellon
New York
$397M -$10.1M -127,298 -2%
Geode Capital Management
35
Geode Capital Management
Massachusetts
$361M +$20.1M +254,956 +6%
NAMA
36
Nikko Asset Management Americas
New York
$357M -$68.1M -861,781 -16%
AIM
37
ARK Investment Management
Florida
$355M -$112M -1,416,166 -24%
Goldman Sachs
38
Goldman Sachs
New York
$353M -$85.4M -1,081,222 -19%
CIBC Asset Management
39
CIBC Asset Management
Ontario, Canada
$353M +$26.3M +332,416 +8%
National Bank of Canada
40
National Bank of Canada
Quebec, Canada
$326M -$180M -2,274,570 -29%
Mackenzie Financial
41
Mackenzie Financial
Ontario, Canada
$325M -$9.69M -122,633 -3%
Canada Pension Plan Investment Board
42
Canada Pension Plan Investment Board
Ontario, Canada
$313M -$128M -1,616,962 -28%
Invesco
43
Invesco
Georgia
$312M +$17.1M +217,083 +6%
JFL
44
Jarislowsky, Fraser Ltd
Quebec, Canada
$291M -$86M -1,088,442 -22%
Coatue Management
45
Coatue Management
New York
$282M -$171M -2,165,743 -37%
Swiss National Bank
46
Swiss National Bank
Switzerland
$281M -$21.4M -270,500 -7%
Marshall Wace
47
Marshall Wace
United Kingdom
$278M +$66.5M +841,279 +31%
ClearBridge Investments
48
ClearBridge Investments
New York
$236M +$21.4M +270,328 +10%
Toronto Dominion Bank
49
Toronto Dominion Bank
Ontario, Canada
$224M +$157M +1,981,996 +214%
ACM
50
Ashe Capital Management
New Jersey
$216M – – –
1
2
3 4 5

SHOP Hedge Fund Activity: Q1 2024 in Review

1,222 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Shopify (SHOP) for Q1 2024, worth a combined $61.5B — down 8.4% from $67.2B a quarter earlier.

Buyers outnumbered sellers: 124 funds opened new SHOP positions and 99 closed out — a net gain of 25 holders — while 446 added to existing stakes and 440 trimmed.

The largest buyer was GQG Partners, adding an estimated $1.1B. The largest seller was Morgan Stanley, cutting an estimated $4.26B.

  • 1,222 institutional investors held Shopify (SHOP) as of Q1 2024, up from 1,211 in Q4 2023.
  • Funds reported $61.5B of Shopify stock for Q1 2024, down 8.4% quarter-over-quarter.
  • 124 funds opened new Shopify positions in Q1 2024 and 99 closed out, a net change of +25 holders.
  • The largest Shopify buyer in Q1 2024 was GQG Partners, an estimated $1.1B added.
  • The largest Shopify seller in Q1 2024 was Morgan Stanley, an estimated $4.26B sold.

Based on aggregated 13F filings for Q1 2024.