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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: 1,124 → 1,076 (-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: 44 → 33 (-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

Top Buyers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
+$359M
2
Coatue Management
Coatue Management
New York
+$340M
3
Wellington Management Group
Wellington Management Group
Massachusetts
+$315M
4
Fidelity Investments
Fidelity Investments
Massachusetts
+$302M
5
BlackRock
BlackRock
New York
+$202M

Top Sellers

Rank Fund Capital Flow
1
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
-$367M
2
Capital Research Global Investors
Capital Research Global Investors
California
-$264M
3
Morgan Stanley
Morgan Stanley
New York
-$227M
4
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
-$170M
5
SM
SCGE Management
California
-$157M
Name Holding Trade Value Shares
Change 		Change in
Stake
TIM
1051
Thompson Investment Management
Wisconsin
$2.18K – – –
EL
1052
EMFO LLC
Florida
$2.18K +$2.42K +40 New
FIM
1053
FWL Investment Management
Texas
$2.18K +$2.42K +40 New
FFC
1054
First Financial Corp
Indiana
$2.18K – – –
QC
1055
Quent Capital
New York
$2.06K – – –
RF
1056
Robbins Farley
New Hampshire
$1.75K +$1.94K +32 New
CPG
1057
Cornerstone Planning Group
New Jersey
$1.75K -$848 -14 -30%
NSG
1058
Nalls Sherbakoff Group
Tennessee
$1.64K – – –
PFBT
1059
Parkside Financial Bank & Trust
Missouri
$1.64K – – –
PWMG
1060
Prestige Wealth Management Group
New Jersey
$1.64K – – –
IFAM
1061
Institutional & Family Asset Management
Colorado
$1.64K – – –
LG
1062
LAM Group
Oregon
$1.64K – – –
SWM
1063
Sanctuary Wealth Management
Idaho
$1.64K – – –
FRA
1064
Front Row Advisors
California
$1.58K +$121 +2 +7%
PPWM
1065
PFG Private Wealth Management
Florida
$1.42K -$168K -2,780 -99%
FGAM
1066
Financial Gravity Asset Management
Texas
$1.37K -$2.12K -35 -54%
M
1067
MOTCO
Texas
$1.36K – – –
DSC
1068
Duncker Streett & Co
Missouri
$1.09K -$4.85K -80 -80%
IRC
1069
Investors Research Corp
Georgia
$1.09K – – –
MIFH
1070
Migdal Insurance & Financial Holdings
Israel
$1K -$13.1K -217 -92%
PCFFS
1071
Pacific Center for Financial Services
California
$983 +$1.09K +18 New
CP
1072
Castleview Partners
Texas
$655 – – –
DJSG
1073
D.J. St. Germain
Massachusetts
$546 – – –
LWANC
1074
Laurel Wealth Advisors (North Carolina)
North Carolina
$546 +$606 +10 New
GCS
1075
Gordian Capital (Singapore)
Singapore
$545 – – –
41 42
43
44 45

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.