Shopify
SHOP
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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
+$1B |
| 2 |
JP Morgan Chase
New York
|
+$730M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$381M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$355M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$314M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$711M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$592M |
| 3 |
Polen Capital Management
Boca Raton,
Florida
|
-$492M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$486M |
| 5 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$312M |
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.