Shopify
SHOP
1,478 hedge funds and large institutions have $81.1B invested in Shopify in 2025 Q1 according to their latest regulatory filings, with 161 funds opening new positions, 540 increasing their positions, 543 reducing their positions, and 152 closing their positions.
9% more funds holding in top 10
Funds holding in top 10: 45 → 49 (+4)
1.07% more ownership
Funds ownership: 68.72% → 69.79% (+1.1%)
6% more first-time investments, than exits
New positions opened: 161 | Existing positions closed: 152
1% more call options, than puts
Call options by funds: $1.83B | Put options by funds: $1.82B
1% less repeat investments, than reductions
Existing positions increased: 540 | Existing positions reduced: 543
1% less funds holding
Funds holding: 1,490 → 1,478 (-12)
9% less capital invested
Capital invested by funds: $88.9B → $81.1B (-$7.87B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Edgewood Management
Greenwich,
Connecticut
|
+$942M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$600M |
| 3 |
JP Morgan Chase
New York
|
+$501M |
| 4 |
Jennison Associates
New York
|
+$440M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$362M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$860M |
| 2 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$425M |
| 3 |
Coatue Management
New York
|
-$271M |
| 4 |
Select Equity Group
New York
|
-$260M |
| 5 |
Polen Capital Management
Boca Raton,
Florida
|
-$197M |
SHOP Hedge Fund Activity: Q1 2025 in Review
1,478 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Shopify (SHOP) for Q1 2025, worth a combined $81.1B — down 8.8% from $88.9B a quarter earlier.
Buyers outnumbered sellers: 161 funds opened new SHOP positions and 152 closed out — a net gain of 9 holders — while 540 added to existing stakes and 543 trimmed.
The largest buyer was Edgewood Management, opening a new position worth an estimated $942M. The largest seller was T. Rowe Price Associates, cutting an estimated $860M.
- 1,478 institutional investors held Shopify (SHOP) as of Q1 2025, down from 1,490 in Q4 2024.
- Funds reported $81.1B of Shopify stock for Q1 2025, down 8.8% quarter-over-quarter.
- 161 funds opened new Shopify positions in Q1 2025 and 152 closed out, a net change of +9 holders.
- The largest Shopify buyer in Q1 2025 was Edgewood Management, an estimated $942M added.
- The largest Shopify seller in Q1 2025 was T. Rowe Price Associates, an estimated $860M sold.
Based on aggregated 13F filings for Q1 2025.