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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
AM
76
AGF Management
Ontario, Canada
$70.9M +$70.6M +1,164,781 +872%
QC
77
Quadrature Capital
United Kingdom
$68.7M +$75.8M +1,250,800 New
PIF
78
Public Investment Fund
Saudi Arabia
$68.2M
APG Asset Management
79
APG Asset Management
Netherlands
$68.1M -$7.51M -123,989 -12%
GBWM
80
Granite Bay Wealth Management
New Hampshire
$66.4M +$65.3M +1,077,959 +6,194%
Bessemer Group
81
Bessemer Group
New Jersey
$61.3M +$535K +8,828 +0.8%
Holocene Advisors
82
Holocene Advisors
New York
$60.8M -$54.2M -894,068 -45%
Amundi
83
Amundi
France
$60.1M +$4.52M +74,641 +7%
Natixis Advisors
84
Natixis Advisors
Massachusetts
$57.4M -$49.9K -824 -0.1%
Ensign Peak Advisors
85
Ensign Peak Advisors
Utah
$55.6M -$1.19M -19,625 -2%
LPL Financial
86
LPL Financial
California
$55.3M +$1.38M +22,775 +2%
New York State Common Retirement Fund
87
New York State Common Retirement Fund
New York
$54.4M +$4.26M +70,381 +8%
AC
88
Addenda Capital
Quebec, Canada
$54.1M +$14.8M +244,430 +50%
Toronto Dominion Bank
89
Toronto Dominion Bank
Ontario, Canada
$52.6M -$8.16M -134,598 -12%
Jane Street
90
Jane Street
New York
$52.3M -$56.8M -937,232 -49%
RJA
91
Raymond James & Associates
Florida
$51.4M -$3.16M -52,193 -5%
First Trust Advisors
92
First Trust Advisors
Illinois
$50.8M -$9.53M -157,283 -14%
AIMCA
93
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$50.6M -$70.7M -1,166,813 -56%
RG
94
Rathbones Group
United Kingdom
$50M +$8.91M +147,064 +19%
TPM
95
Triasima Portfolio Management
Quebec, Canada
$49.4M -$8.87M -146,360 -14%
Hudson Bay Capital Management
96
Hudson Bay Capital Management
Connecticut
$49.1M +$54.5M +900,000 New
Canada Life
97
Canada Life
Manitoba, Canada
$48M -$1.25M -20,701 -2%
CAM
98
Cidel Asset Management
Ontario, Canada
$46.1M +$444K +7,324 +0.9%
Envestnet Asset Management
99
Envestnet Asset Management
Illinois
$45.2M +$7.53M +124,266 +18%
Polen Capital Management
100
Polen Capital Management
Florida
$43.8M +$972K +16,046 +2%

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.