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184 hedge funds and large institutions have $2.16B invested in Shopify in 2016 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 74 increasing their positions, 60 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 21

23% more repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 60

22% more funds holding in top 10

Funds holding in top 10: 9 → 11 (+2)

3% more funds holding

Funds holding: 179 → 184 (+5)

5% less capital invested

Capital invested by funds: $2.27B → $2.16B (-$107M)

45% less call options, than puts

Call options by funds: $16.4M | Put options by funds: $29.6M

57.33% less ownership

Funds ownership: 720.2% → 662.88% (-57%)

Holders
184
Holders Change
+5
Holders Change %
+2.79%
% of All Funds
4.6%
Holding in Top 10
11
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+22.22%
% of All Funds
0.28%
New
29
Increased
74
Reduced
60
Closed
21
Calls
$16.4M
Puts
$29.6M
Net Calls
-$13.2M
Net Calls Change
+$5.55M

Top Buyers

Rank Fund Capital Flow
1
ACA
Abdiel Capital Advisors
New York
+$35.4M
2
Wells Fargo
Wells Fargo
California
+$31.7M
3
SM
SCGE Management
California
+$26.4M
4
GCP
Garelick Capital Partners
Massachusetts
+$18.6M
5
CAM
Contour Asset Management
New York
+$16M

Top Sellers

Rank Fund Capital Flow
1
DVC
Deer VII & Co
New York
-$137M
2
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$54.9M
3
FAM
Fred Alger Management
New York
-$10M
4
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
-$9.96M
5
WRCM
Whale Rock Capital Management
Massachusetts
-$8.93M
Name Holding Trade Value Shares
Change 		Change in
Stake
DM
101
Diker Management
New York
$1.26M -$567K -135,000 -31%
AIMCA
102
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$1.25M +$33.2K +7,900 +3%
FG
103
Formula Growth
Quebec, Canada
$1.13M – – –
TI
104
Trexquant Investment
Connecticut
$1.05M +$815K +194,030 +381%
APFBOT
105
Amica Pension Fund Board of Trustees
Rhode Island
$1.03M – – –
USAA
106
United Services Automobile Association
Texas
$1M -$231K -55,000 -19%
HNB
107
Huntington National Bank
Ohio
$988K +$968K +230,450 New
TAM
108
Tocqueville Asset Management
New York
$806K -$382K -91,000 -33%
SEI Investments
109
SEI Investments
Pennsylvania
$746K -$131K -31,120 -15%
UBS Group
110
UBS Group
Switzerland
$731K -$268K -63,740 -27%
ICRM
111
Insight Capital Research & Management
California
$716K +$702K +167,000 New
1CM
112
1492 Capital Management
Wisconsin
$711K -$28.3K -6,730 -4%
PPA
113
Parametric Portfolio Associates
Washington
$695K +$1.13K +270 +0.2%
RC
114
Roundview Capital
New Jersey
$660K – – –
CCM
115
Cadence Capital Management
Massachusetts
$629K +$616K +146,700 New
BCM
116
Bayesian Capital Management
New York
$615K +$602K +143,390 New
MIM
117
Manitou Investment Management
Ontario, Canada
$597K +$152K +36,300 +35%
SC
118
Scotia Capital
Ontario, Canada
$588K +$124K +29,520 +27%
NIT
119
NumerixS Investment Technologies
British Columbia, Canada
$583K – – –
Bank of Nova Scotia
120
Bank of Nova Scotia
Ontario, Canada
$548K -$87.8K -20,900 -14%
HFS
121
HL Financial Services
Kentucky
$538K +$7.73K +1,840 +1%
LPL Financial
122
LPL Financial
California
$507K +$45.1K +10,740 +10%
BAAM
123
Baker Avenue Asset Management
California
$503K -$28.8K -6,850 -6%
BBCM
124
Boardman Bay Capital Management
New York
$483K +$473K +112,570 New
BAM
125
Burgundy Asset Management
Ontario, Canada
$429K +$420K +100,000 New
3 4
5
6 7

SHOP Hedge Fund Activity: Q4 2016 in Review

184 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Shopify (SHOP) for Q4 2016, worth a combined $2.16B — down 4.7% from $2.27B a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new SHOP positions and 21 closed out — a net gain of 8 holders — while 74 added to existing stakes and 60 trimmed.

The largest buyer was Abdiel Capital Advisors, adding an estimated $35.4M. The largest seller was Deer VII & Co, exiting entirely with an estimated $137M sold.

  • 184 institutional investors held Shopify (SHOP) as of Q4 2016, up from 179 in Q3 2016.
  • Funds reported $2.16B of Shopify stock for Q4 2016, down 4.7% quarter-over-quarter.
  • 29 funds opened new Shopify positions in Q4 2016 and 21 closed out, a net change of +8 holders.
  • The largest Shopify buyer in Q4 2016 was Abdiel Capital Advisors, an estimated $35.4M added.
  • The largest Shopify seller in Q4 2016 was Deer VII & Co, an estimated $137M sold.

Based on aggregated 13F filings for Q4 2016.