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253 hedge funds and large institutions have $4.04B invested in Shopify in 2017 Q2 according to their latest regulatory filings, with 78 funds opening new positions, 75 increasing their positions, 80 reducing their positions, and 42 closing their positions.

New
Increased
Maintained
Reduced
Closed

86% more first-time investments, than exits

New positions opened: 78 | Existing positions closed: 42

23% more capital invested

Capital invested by funds: $3.27B → $4.04B (+$761M)

16% more funds holding

Funds holding: 218253 (+35)

6% less repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 80

32.04% less ownership

Funds ownership: 622.42%590.38% (-32%)

40% less funds holding in top 10

Funds holding in top 10: 106 (-4)

74% less call options, than puts

Call options by funds: $92.7M | Put options by funds: $355M

Holders
253
Holders Change
+35
Holders Change %
+16.06%
% of All Funds
6.31%
Holding in Top 10
6
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-40%
% of All Funds
0.15%
New
78
Increased
75
Reduced
80
Closed
42
Calls
$92.7M
Puts
$355M
Net Calls
-$263M
Net Calls Change
-$211M
Name Holding Trade Value Shares
Change
Change in
Stake
Jennison Associates
51
Jennison Associates
New York
$10.7M +$10.4M +1,235,360 New
SCM
52
Steadfast Capital Management
New York
$10.7M -$16.5M -1,946,670 -61%
State of Wisconsin Investment Board
53
State of Wisconsin Investment Board
Wisconsin
$10.4M +$9.5M +1,123,000 +1,497%
ACM
54
Ashford Capital Management
Delaware
$10.3M -$2.89M -341,200 -22%
PIC
55
PCJ Investment Counsel
Ontario, Canada
$9.72M +$8.22M +971,600 +651%
MBI
56
Montrusco Bolton Investments
Quebec, Canada
$9.43M -$7.64M -903,780 -45%
SIM
57
Spark Investment Management
New York
$9.38M +$4.06M +480,000 +80%
CS
58
Credit Suisse
Switzerland
$9.15M +$4.5M +531,600 +102%
BlackRock
59
BlackRock
New York
$8.16M -$652K -77,040 -8%
Massachusetts Financial Services
60
Massachusetts Financial Services
Massachusetts
$7.94M +$611K +72,230 +9%
NCGI
61
Next Century Growth Investors
Minnesota
$7.66M -$21.7M -2,562,630 -74%
Bank of America
62
Bank of America
North Carolina
$7.53M +$2.62M +310,080 +56%
AII
63
AGF Investments Inc
Ontario, Canada
$7.44M -$5.04M -595,370 -41%
EVM
64
Eaton Vance Management
Massachusetts
$7.4M
GIM
65
Granahan Investment Management
Massachusetts
$7.26M -$10.9M -1,290,830 -61%
CA
66
Commerzbank Aktiengesellschaft
Germany
$7.13M +$6.94M +820,000 New
UBS Group
67
UBS Group
Switzerland
$6.65M -$206K -24,330 -3%
Bank of Nova Scotia
68
Bank of Nova Scotia
Ontario, Canada
$6.42M +$5.52M +653,060 +760%
RJA
69
Raymond James & Associates
Florida
$6.24M +$1.09M +128,500 +22%
Wells Fargo
70
Wells Fargo
California
$6.13M +$2.29M +270,410 +62%
Tiger Global Management
71
Tiger Global Management
New York
$6.08M
Macquarie Group
72
Macquarie Group
Australia
$5.8M +$1.13M +134,070 +25%
RJFSA
73
Raymond James Financial Services Advisors
Florida
$5.73M +$3.41M +402,730 +157%
Millennium Management
74
Millennium Management
New York
$5.68M +$2.61M +309,040 +90%
NOCM
75
Night Owl Capital Management
Connecticut
$5.62M +$5.47M +646,570 New

SHOP Hedge Fund Activity: Q2 2017 in Review

253 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Shopify (SHOP) for Q2 2017, worth a combined $4.04B — up 23% from $3.27B a quarter earlier.

Buyers outnumbered sellers: 78 funds opened new SHOP positions and 42 closed out — a net gain of 36 holders — while 75 added to existing stakes and 80 trimmed.

The largest buyer was Coatue Management, opening a new position worth an estimated $222M. The largest seller was Renaissance Technologies, cutting an estimated $88.9M.

  • 253 institutional investors held Shopify (SHOP) as of Q2 2017, up from 218 in Q1 2017.
  • Funds reported $4.04B of Shopify stock for Q2 2017, up 23% quarter-over-quarter.
  • 78 funds opened new Shopify positions in Q2 2017 and 42 closed out, a net change of +36 holders.
  • The largest Shopify buyer in Q2 2017 was Coatue Management, an estimated $222M added.
  • The largest Shopify seller in Q2 2017 was Renaissance Technologies, an estimated $88.9M sold.

Based on aggregated 13F filings for Q2 2017.