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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
SC
551
Savant Capital
Illinois
$3.17M +$1.1M +8,127 +61%
SFA
552
Sequoia Financial Advisors
Ohio
$3.17M +$217K +1,600 +8%
RFC
553
Regions Financial Corp
Alabama
$3.16M +$2.06M +15,214 +251%
RA
554
Resolute Advisors
California
$3.15M -$2.87M -21,165 -50%
LP
555
LMR Partners
United Kingdom
$3.13M – – –
GWMIA
556
Global Wealth Management Investment Advisory
Florida
$3.13M +$393K +2,898 +16%
TA
557
Trivest Advisors
Hong Kong
$3.12M +$2.85M +21,000 New
RA
558
RFG Advisory
Alabama
$3.12M -$259K -1,909 -8%
FFN
559
Focus Financial Network
Minnesota
$3.11M -$1.04M -7,638 -27%
AWM
560
AE Wealth Management
Kansas
$3.1M -$89.5K -660 -3%
SAM
561
Shell Asset Management
Netherlands
$3.09M -$3.35M -24,734 -54%
EWA
562
Exit Wealth Advisors
Georgia
$3.08M +$2.81M +20,702 New
KIA
563
Knollwood Investment Advisory
Maryland
$3.06M -$12.7K -94 -0.5%
LSA
564
Leonteq Securities AG
Switzerland
$3.02M +$874K +6,449 +52%
MTCM
565
Mint Tower Capital Management
Netherlands
$3.02M +$2.75M +20,300 New
OWP
566
ORG Wealth Partners
Texas
$3.01M -$148K -1,090 -5%
HH
567
HWG Holdings
Texas
$2.99M +$2.73M +20,143 New
WAM
568
Weinberger Asset Management
California
$2.98M – – –
DM
569
Diker Management
New York
$2.97M -$2.71M -20,000 -50%
SWP
570
Stratos Wealth Partners
Ohio
$2.97M +$228K +1,683 +9%
AF
571
Atala Financial
California
$2.96M +$5.96K +44 +0.2%
RA
572
RiverPark Advisors
New York
$2.94M -$565K -4,166 -17%
Wealthfront Advisers
573
Wealthfront Advisers
California
$2.94M -$20.3K -150 -0.8%
MA
574
MSA Advisors
California
$2.9M – – –
WAM
575
Weiss Asset Management
Massachusetts
$2.89M +$2.64M +19,482 New
21 22
23
24 25

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.