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218 hedge funds and large institutions have $3.27B invested in Shopify in 2017 Q1 according to their latest regulatory filings, with 65 funds opening new positions, 51 increasing their positions, 79 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more first-time investments, than exits

New positions opened: 65 | Existing positions closed: 26

52% more capital invested

Capital invested by funds: $2.16B → $3.27B (+$1.11B)

18% more funds holding

Funds holding: 184218 (+34)

9% less funds holding in top 10

Funds holding in top 10: 1110 (-1)

35% less repeat investments, than reductions

Existing positions increased: 51 | Existing positions reduced: 79

40.46% less ownership

Funds ownership: 662.88%622.42% (-40%)

49% less call options, than puts

Call options by funds: $53.6M | Put options by funds: $105M

Holders
218
Holders Change
+34
Holders Change %
+18.48%
% of All Funds
5.43%
Holding in Top 10
10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-9.09%
% of All Funds
0.25%
New
65
Increased
51
Reduced
79
Closed
26
Calls
$53.6M
Puts
$105M
Net Calls
-$51.7M
Net Calls Change
-$38.4M
Name Holding Trade Value Shares
Change
Change in
Stake
FAM
51
Fred Alger Management
New York
$9.69M +$2.7M +469,530 +49%
OAM
52
Oberweis Asset Management
Illinois
$9.46M -$32.1M -5,572,010 -80%
PC
53
Polar Capital
United Kingdom
$9.42M -$5.76M -1,000,110 -42%
OTPPB
54
Ontario Teachers' Pension Plan Board
Ontario, Canada
$8.5M
CIBC World Market
55
CIBC World Market
Ontario, Canada
$8.09M +$4.15M +720,280 +154%
State Street
56
State Street
Massachusetts
$7.61M +$6.44M +1,117,410 New
Ameriprise
57
Ameriprise
Minnesota
$7.55M -$3.11M -540,450 -33%
Swiss National Bank
58
Swiss National Bank
Switzerland
$7.32M +$582K +101,000 +10%
BlackRock
59
BlackRock
New York
$6.92M +$5.85M +1,016,050 New
DCM
60
Driehaus Capital Management
Illinois
$6.88M -$8.29M -1,439,610 -59%
PC
61
Pier Capital
Connecticut
$6.64M -$1.92M -332,860 -25%
Russell Investments Group
62
Russell Investments Group
United Kingdom
$5.84M +$2.22M +385,220 +82%
EVM
63
Eaton Vance Management
Massachusetts
$5.8M
Massachusetts Financial Services
64
Massachusetts Financial Services
Massachusetts
$5.73M +$4.85M +841,670 New
Balyasny Asset Management
65
Balyasny Asset Management
Illinois
$5.42M +$4.59M +796,170 New
UBS Group
66
UBS Group
Switzerland
$5.38M +$3.57M +619,260 +363%
RA
67
Royce & Associates
New York
$5.31M
Fidelity International
68
Fidelity International
Bermuda
$5.17M
NIP
69
Nicholas Investment Partners
California
$4.88M -$7.14M -1,240,320 -63%
Tiger Global Management
70
Tiger Global Management
New York
$4.77M
Voloridge Investment Management
71
Voloridge Investment Management
Florida
$4.64M -$1.29M -224,090 -25%
AQR Capital Management
72
AQR Capital Management
Connecticut
$4.55M +$3.59M +622,580 +1,322%
GCP
73
Garelick Capital Partners
Massachusetts
$4.31M -$35.8M -6,216,400 -91%
SIM
74
Spark Investment Management
New York
$4.09M +$3.46M +600,000 New
APC
75
Alta Park Capital
California
$4.08M -$2.19M -380,000 -39%

SHOP Hedge Fund Activity: Q1 2017 in Review

218 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Shopify (SHOP) for Q1 2017, worth a combined $3.27B — up 52% from $2.16B a quarter earlier.

Buyers outnumbered sellers: 65 funds opened new SHOP positions and 26 closed out — a net gain of 39 holders — while 51 added to existing stakes and 79 trimmed.

The largest buyer was Sands Capital Management, opening a new position worth an estimated $221M. The largest seller was Abdiel Capital Advisors, cutting an estimated $61M.

  • 218 institutional investors held Shopify (SHOP) as of Q1 2017, up from 184 in Q4 2016.
  • Funds reported $3.27B of Shopify stock for Q1 2017, up 52% quarter-over-quarter.
  • 65 funds opened new Shopify positions in Q1 2017 and 26 closed out, a net change of +39 holders.
  • The largest Shopify buyer in Q1 2017 was Sands Capital Management, an estimated $221M added.
  • The largest Shopify seller in Q1 2017 was Abdiel Capital Advisors, an estimated $61M sold.

Based on aggregated 13F filings for Q1 2017.