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Shopify

1,076 hedge funds and large institutions have $42.6B invested in Shopify in 2023 Q3 according to their latest regulatory filings, with 96 funds opening new positions, 391 increasing their positions, 379 reducing their positions, and 135 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% more repeat investments, than reductions

Existing positions increased: 391 | Existing positions reduced: 379

1% less call options, than puts

Call options by funds: $1.95B | Put options by funds: $1.97B

0.73% less ownership

Funds ownership: 65.28%64.55% (-0.73%)

4% less funds holding

Funds holding: 1,1241,076 (-48)

16% less capital invested

Capital invested by funds: $50.6B → $42.6B (-$8.02B)

25% less funds holding in top 10

Funds holding in top 10: 4433 (-11)

29% less first-time investments, than exits

New positions opened: 96 | Existing positions closed: 135

Holders
1,076
Holders Change
-48
Holders Change %
-4.27%
% of All Funds
17.08%
Holding in Top 10
33
Holding in Top 10 Change
-11
Holding in Top 10 Change %
-25%
% of All Funds
0.52%
New
96
Increased
391
Reduced
379
Closed
135
Calls
$1.95B
Puts
$1.97B
Net Calls
-$13.2M
Net Calls Change
+$389M
Name Holding Trade Value Shares
Change
Change in
Stake
Massachusetts Financial Services
51
Massachusetts Financial Services
Massachusetts
$127M +$5.4M +89,063 +4%
Qube Research & Technologies (QRT)
52
Qube Research & Technologies (QRT)
United Kingdom
$126M +$92.1M +1,519,970 +193%
1832 Asset Management
53
1832 Asset Management
Ontario, Canada
$121M +$5.92M +97,717 +5%
ACA
54
Abdiel Capital Advisors
New York
$120M -$4.31M -71,202 -3%
Ameriprise
55
Ameriprise
Minnesota
$119M -$2.32M -38,314 -2%
BAMCO Inc
56
BAMCO Inc
New York
$117M +$12M +197,912 +10%
Invesco
57
Invesco
Georgia
$115M +$63.2M +1,042,631 +98%
BIM
58
Barton Investment Management
Pennsylvania
$114M +$222K +3,658 +0.2%
CS
59
Credit Suisse
Switzerland
$113M +$208K +3,431 +0.2%
PCH
60
Polar Capital Holdings
United Kingdom
$110M -$10.5M -173,035 -8%
DZ Bank
61
DZ Bank
Germany
$104M -$1.67M -27,526 -1%
ClearBridge Investments
62
ClearBridge Investments
New York
$101M +$12.3M +202,704 +12%
Caisse de Depot et Placement du Quebec (CDPQ)
63
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$94.4M +$23.7M +391,159 +29%
SC
64
Strategy Capital
California
$94.3M -$12.5M -205,488 -11%
BNP Paribas Asset Management
65
BNP Paribas Asset Management
France
$93.3M -$4.26M -70,244 -4%
UBS Group
66
UBS Group
Switzerland
$88.4M +$3.84M +63,365 +4%
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
67
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$84.3M
Wells Fargo
68
Wells Fargo
California
$82.5M +$3.98M +65,631 +5%
Arrowstreet Capital
69
Arrowstreet Capital
Massachusetts
$78.8M -$121M -1,996,546 -58%
Federated Hermes
70
Federated Hermes
Pennsylvania
$77.5M +$7.43M +122,606 +9%
Deutsche Bank
71
Deutsche Bank
Germany
$76.5M -$5.26M -86,763 -6%
Mitsubishi UFJ Trust & Banking
72
Mitsubishi UFJ Trust & Banking
Japan
$76.3M -$1.24M -20,526 -1%
GGHC
73
Gilder Gagnon Howe & Co
New York
$74.7M -$5.54M -91,469 -6%
Russell Investments Group
74
Russell Investments Group
United Kingdom
$74.6M +$14.2M +234,089 +21%
Twin Tree Management
75
Twin Tree Management
Texas
$74M +$82.1M +1,355,444 New

SHOP Hedge Fund Activity: Q3 2023 in Review

1,076 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Shopify (SHOP) for Q3 2023, worth a combined $42.6B — down 16% from $50.6B a quarter earlier.

Sellers outnumbered buyers: 135 funds closed out of SHOP and 96 opened new positions — a net loss of 39 holders — while 379 trimmed existing stakes and 391 added.

The largest buyer was JP Morgan Chase, adding an estimated $359M. The largest seller was Bank of Nova Scotia, cutting an estimated $367M.

  • 1,076 institutional investors held Shopify (SHOP) as of Q3 2023, down from 1,124 in Q2 2023.
  • Funds reported $42.6B of Shopify stock for Q3 2023, down 16% quarter-over-quarter.
  • 96 funds opened new Shopify positions in Q3 2023 and 135 closed out, a net change of -39 holders.
  • The largest Shopify buyer in Q3 2023 was JP Morgan Chase, an estimated $359M added.
  • The largest Shopify seller in Q3 2023 was Bank of Nova Scotia, an estimated $367M sold.

Based on aggregated 13F filings for Q3 2023.