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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
New York State Common Retirement Fund
76
New York State Common Retirement Fund
New York
$116M +$32.9M +415,993 +38%
Citadel Advisors
77
Citadel Advisors
Florida
$102M +$38.7M +489,536 +58%
Caisse de Depot et Placement du Quebec (CDPQ)
78
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$102M -$31.6M -399,700 -23%
GGHC
79
Gilder Gagnon Howe & Co
New York
$101M -$8.31M -105,219 -7%
PIF
80
Public Investment Fund
Saudi Arabia
$96.5M – – –
Thrivent Financial for Lutherans
81
Thrivent Financial for Lutherans
Minnesota
$93.5M +$56.5M +714,604 +144%
AIMCA
82
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$90M +$15.1M +191,508 +20%
AC
83
Addenda Capital
Quebec, Canada
$89.6M +$9.79M +123,916 +17%
Amundi
84
Amundi
France
$89.3M +$6M +75,895 +6%
Mitsubishi UFJ Trust & Banking
85
Mitsubishi UFJ Trust & Banking
Japan
$88.6M -$11.1M -140,170 -11%
QC
86
Quadrature Capital
United Kingdom
$87.6M -$33M -418,100 -27%
DCP
87
Durable Capital Partners
Maryland
$85M +$37.6M +476,113 +76%
SEI Investments
88
SEI Investments
Pennsylvania
$84.6M +$6.69M +84,714 +8%
Natixis Advisors
89
Natixis Advisors
Massachusetts
$81.3M +$3.37M +42,695 +4%
Korea Investment Corp
90
Korea Investment Corp
South Korea
$80.7M -$5.85M -74,072 -7%
LPL Financial
91
LPL Financial
California
$80.3M -$3.05M -38,662 -4%
RJA
92
Raymond James & Associates
Florida
$79.9M +$2.08M +26,298 +3%
Bessemer Group
93
Bessemer Group
New Jersey
$78.5M -$9.72M -122,985 -11%
IC
94
Iconiq Capital
California
$72.3M +$74M +937,246 New
Canada Life
95
Canada Life
Manitoba, Canada
$71.6M -$1.1M -13,965 -1%
Envestnet Asset Management
96
Envestnet Asset Management
Illinois
$71.5M +$2.68M +33,946 +4%
UBS AM
97
UBS AM
Illinois
$70.8M +$71.2M +900,708 +5,426%
First Trust Advisors
98
First Trust Advisors
Illinois
$70.4M +$4.62M +58,434 +7%
Hudson Bay Capital Management
99
Hudson Bay Capital Management
Connecticut
$70.2M -$39.5M -500,000 -35%
American Century Companies
100
American Century Companies
Missouri
$69.2M +$31.4M +397,339 +80%
2 3
4
5 6

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.