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1,025 hedge funds and large institutions have $36.9B invested in Shopify in 2023 Q1 according to their latest regulatory filings, with 168 funds opening new positions, 359 increasing their positions, 334 reducing their positions, and 97 closing their positions.

New
Increased
Maintained
Reduced
Closed

73% more first-time investments, than exits

New positions opened: 168 | Existing positions closed: 97

36% more capital invested

Capital invested by funds: $27.1B → $36.9B (+$9.79B)

6% more funds holding in top 10

Funds holding in top 10: 33 → 35 (+2)

5% more funds holding

Funds holding: 972 → 1,025 (+53)

7% more repeat investments, than reductions

Existing positions increased: 359 | Existing positions reduced: 334

0.46% less ownership

Funds ownership: 64.67% → 64.21% (-0.46%)

8% less call options, than puts

Call options by funds: $1.68B | Put options by funds: $1.82B

Holders
1,025
Holders Change
+53
Holders Change %
+5.45%
% of All Funds
16.33%
Holding in Top 10
35
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+6.06%
% of All Funds
0.56%
New
168
Increased
359
Reduced
334
Closed
97
Calls
$1.68B
Puts
$1.82B
Net Calls
-$137M
Net Calls Change
-$350M

Top Buyers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
+$573M
2
VOYA Investment Management
VOYA Investment Management
Georgia
+$232M
3
Capital International Investors
Capital International Investors
California
+$209M
4
Fidelity Investments
Fidelity Investments
Massachusetts
+$208M
5
Fidelity International
Fidelity International
Bermuda
+$203M

Top Sellers

Rank Fund Capital Flow
1
Holocene Advisors
Holocene Advisors
New York
-$174M
2
Marshall Wace
Marshall Wace
United Kingdom
-$172M
3
HCM
HMI Capital Management
California
-$169M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$159M
5
Barclays
Barclays
United Kingdom
-$150M
Name Holding Trade Value Shares
Change 		Change in
Stake
WAG
776
Winthrop Advisory Group
Massachusetts
$218K +$200K +4,540 New
HIMC
777
Heritage Investors Management Corp
Maryland
$216K +$198K +4,500 New
AMM
778
American Money Management
California
$215K +$197K +4,480 New
CCFM
779
Clear Creek Financial Management
Washington
$215K +$197K +4,478 New
CNWM
780
Clay Northam Wealth Management
California
$213K +$196K +4,450 New
VT
781
Vise Technologies
New York
$212K +$195K +4,422 New
CCA
782
Conservest Capital Advisors
Pennsylvania
$212K +$194K +4,420 New
CA
783
Clearstead Advisors
Ohio
$211K -$78.6K -1,787 -29%
WKSWA
784
White Knight Strategic Wealth Advisors
New Jersey
$210K +$193K +4,380 New
FFM
785
Forum Financial Management
Illinois
$209K -$93.2K -2,118 -33%
GT
786
Greenleaf Trust
Michigan
$209K +$191K +4,351 New
WAP
787
Wealthcare Advisory Partners
Pennsylvania
$208K +$191K +4,344 New
FCM
788
Fortis Capital Management
Washington
$208K +$191K +4,338 New
LA
789
LVW Advisors
New York
$208K +$191K +4,330 New
HWM
790
HB Wealth Management
Georgia
$207K +$190K +4,314 New
KLCM
791
KG&L Capital Management
Louisiana
$207K +$190K +4,310 New
LWM
792
Laidlaw Wealth Management
New York
$205K +$188K +4,281 New
IAP
793
Indie Asset Partners
Indiana
$204K +$187K +4,260 New
NFG
794
Nations Financial Group
Iowa
$203K +$187K +4,240 New
BC
795
Bridgefront Capital
Texas
$202K +$185K +4,215 New
AWAU
796
Alliance Wealth Advisors (Utah)
Utah
$201K +$184K +4,190 New
GPA
797
Garrison Point Advisors
California
$200K +$184K +4,180 New
PPWM
798
PFG Private Wealth Management
Florida
$196K +$180K +4,085 New
AF
799
Advisornet Financial
Minnesota
$195K -$7.04K -160 -4%
SIM
800
SRS Investment Management
New York
$195K – – –
30 31
32
33 34

SHOP Hedge Fund Activity: Q1 2023 in Review

1,025 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Shopify (SHOP) for Q1 2023, worth a combined $36.9B — up 36% from $27.1B a quarter earlier.

Buyers outnumbered sellers: 168 funds opened new SHOP positions and 97 closed out — a net gain of 71 holders — while 359 added to existing stakes and 334 trimmed.

The largest buyer was JP Morgan Chase, adding an estimated $573M. The largest seller was Holocene Advisors, exiting entirely with an estimated $174M sold.

  • 1,025 institutional investors held Shopify (SHOP) as of Q1 2023, up from 972 in Q4 2022.
  • Funds reported $36.9B of Shopify stock for Q1 2023, up 36% quarter-over-quarter.
  • 168 funds opened new Shopify positions in Q1 2023 and 97 closed out, a net change of +71 holders.
  • The largest Shopify buyer in Q1 2023 was JP Morgan Chase, an estimated $573M added.
  • The largest Shopify seller in Q1 2023 was Holocene Advisors, an estimated $174M sold.

Based on aggregated 13F filings for Q1 2023.