Shopify
SHOP
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GQG Partners
Ft. Lauderdale,
Florida
|
+$1.1B |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$817M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$473M |
| 4 |
JP Morgan Chase
New York
|
+$218M |
| 5 |
MU
Mirova US
Boston,
Massachusetts
|
+$157M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$4.26B |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$610M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$383M |
| 4 |
Capital Research Global Investors
Los Angeles,
California
|
-$352M |
| 5 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$219M |
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.