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1,222 hedge funds and large institutions have $61.5B invested in Shopify in 2024 Q1 according to their latest regulatory filings, with 124 funds opening new positions, 446 increasing their positions, 440 reducing their positions, and 99 closing their positions.

New
Increased
Maintained
Reduced
Closed

52% more call options, than puts

Call options by funds: $2.85B | Put options by funds: $1.87B

25% more first-time investments, than exits

New positions opened: 124 | Existing positions closed: 99

1% more repeat investments, than reductions

Existing positions increased: 446 | Existing positions reduced: 440

1% more funds holding

Funds holding: 1,211 → 1,222 (+11)

5.45% less ownership

Funds ownership: 71.53% → 66.08% (-5.4%)

8% less capital invested

Capital invested by funds: $67.2B → $61.5B (-$5.66B)

20% less funds holding in top 10

Funds holding in top 10: 40 → 32 (-8)

Holders
1,222
Holders Change
+11
Holders Change %
+0.91%
% of All Funds
17.6%
Holding in Top 10
32
Holding in Top 10 Change
-8
Holding in Top 10 Change %
-20%
% of All Funds
0.46%
New
124
Increased
446
Reduced
440
Closed
99
Calls
$2.85B
Puts
$1.87B
Net Calls
+$979M
Net Calls Change
+$107M

Top Buyers

1
GQG Partners
GQG Partners
Florida
+$1.1B
2
Capital World Investors
Capital World Investors
California
+$817M
3
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$473M
4
JP Morgan Chase
JP Morgan Chase
New York
+$218M
5
MU
Mirova US
Massachusetts
+$157M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$4.26B
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$610M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$383M
4
Capital Research Global Investors
Capital Research Global Investors
California
-$352M
5
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
-$219M
Name Holding Trade Value Shares
Change 		Change in
Stake
Pictet Asset Management
51
Pictet Asset Management
Switzerland
$213M +$112M +1,424,039 +107%
Massachusetts Financial Services
52
Massachusetts Financial Services
Massachusetts
$197M +$13.8M +174,922 +7%
ZCI
53
Zevenbergen Capital Investments
Washington
$197M -$4.53M -57,303 -2%
Barclays
54
Barclays
United Kingdom
$186M -$113M -1,434,270 -37%
BCIM
55
British Columbia Investment Management
British Columbia, Canada
$175M +$37.2M +470,846 +26%
DZ Bank
56
DZ Bank
Germany
$174M +$50.1M +634,682 +39%
BAMCO Inc
57
BAMCO Inc
New York
$170M -$789K -9,985 -0.5%
Lord, Abbett & Co
58
Lord, Abbett & Co
New Jersey
$164M -$36.5M -462,475 -18%
BIM
59
Barton Investment Management
Pennsylvania
$158M -$3.76M -47,589 -2%
CS
60
Credit Suisse
Switzerland
$154M -$7.16M -90,588 -4%
MU
61
Mirova US
Massachusetts
$154M +$157M +1,991,779 New
William Blair Investment Management
62
William Blair Investment Management
Illinois
$149M +$150M +1,897,934 +5,918%
Select Equity Group
63
Select Equity Group
New York
$143M -$186M -2,349,661 -56%
Ameriprise
64
Ameriprise
Minnesota
$138M +$13.2M +166,690 +10%
AM
65
AGF Management
Ontario, Canada
$134M +$8.14M +102,989 +6%
Russell Investments Group
66
Russell Investments Group
United Kingdom
$130M +$9.95M +125,989 +8%
SC
67
Strategy Capital
California
$127M +$2.65M +33,550 +2%
Ensign Peak Advisors
68
Ensign Peak Advisors
Utah
$126M -$2.9M -36,746 -2%
1832 Asset Management
69
1832 Asset Management
Ontario, Canada
$125M -$43.6M -552,209 -25%
PCH
70
Polar Capital Holdings
United Kingdom
$124M -$31.7M -400,906 -20%
UBS Group
71
UBS Group
Switzerland
$123M +$35.5M +448,867 +39%
Wells Fargo
72
Wells Fargo
California
$120M +$1.63M +20,614 +1%
Federated Hermes
73
Federated Hermes
Pennsylvania
$119M +$380K +4,808 +0.3%
Deutsche Bank
74
Deutsche Bank
Germany
$117M +$5.38M +68,114 +5%
BNP Paribas Asset Management
75
BNP Paribas Asset Management
France
$116M -$10.9M -138,553 -8%
1 2
3
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SHOP Hedge Fund Activity: Q1 2024 in Review

1,222 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Shopify (SHOP) for Q1 2024, worth a combined $61.5B — down 8.4% from $67.2B a quarter earlier.

Buyers outnumbered sellers: 124 funds opened new SHOP positions and 99 closed out — a net gain of 25 holders — while 446 added to existing stakes and 440 trimmed.

The largest buyer was GQG Partners, adding an estimated $1.1B. The largest seller was Morgan Stanley, cutting an estimated $4.26B.

  • 1,222 institutional investors held Shopify (SHOP) as of Q1 2024, up from 1,211 in Q4 2023.
  • Funds reported $61.5B of Shopify stock for Q1 2024, down 8.4% quarter-over-quarter.
  • 124 funds opened new Shopify positions in Q1 2024 and 99 closed out, a net change of +25 holders.
  • The largest Shopify buyer in Q1 2024 was GQG Partners, an estimated $1.1B added.
  • The largest Shopify seller in Q1 2024 was Morgan Stanley, an estimated $4.26B sold.

Based on aggregated 13F filings for Q1 2024.