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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
Citadel Advisors
101
Citadel Advisors
Florida
$41.8M -$145M -2,396,279 -76%
Man Group
102
Man Group
United Kingdom
$41.6M -$43.9M -723,873 Closed
CC
103
Corton Capital
Ontario, Canada
$40.9M
SEI Investments
104
SEI Investments
Pennsylvania
$38.8M +$24.3M +400,675 +129%
State of Tennessee, Department of Treasury
105
State of Tennessee, Department of Treasury
Tennessee
$38.3M
Mirae Asset Global Investments
106
Mirae Asset Global Investments
South Korea
$37.7M +$1.63M +26,889 +4%
CCM
107
Candlestick Capital Management
Connecticut
$37.2M -$14.5M -239,993 -26%
TC
108
Tairen Capital
Hong Kong
$36.4M +$40.4M +667,196 New
State of Wisconsin Investment Board
109
State of Wisconsin Investment Board
Wisconsin
$33.9M +$33.7M +556,455 +914%
Pictet Asset Management
110
Pictet Asset Management
Switzerland
$33.7M +$37.5M +618,193 New
Aviva
111
Aviva
United Kingdom
$33.1M +$10.1M +167,338 +38%
Osaic Holdings
112
Osaic Holdings
Arizona
$32.5M +$1.3M +21,398 +4%
BCM
113
Brown Capital Management
Maryland
$32.4M -$3.13M -51,677 -8%
MSV
114
MN Services Vermogensbeheer
Netherlands
$32.2M +$703K +11,600 +2%
Fisher Asset Management
115
Fisher Asset Management
Washington
$32.1M -$197K -3,245 -0.5%
MP
116
Marcho Partners
United Kingdom
$32M -$6.41M -105,854 -15%
IIM
117
Intact Investment Management
Quebec, Canada
$31.6M +$9.07M +149,700 +35%
HCS
118
Himension Capital (Singapore)
Singapore
$31.1M -$1.84M -30,300 -5%
SFI
119
Susquehanna Fundamental Investments
Pennsylvania
$30.7M
AllianceBernstein
120
AllianceBernstein
Tennessee
$30.1M +$12.6M +208,306 +61%
Korea Investment Corp
121
Korea Investment Corp
South Korea
$29.9M +$4.89M +80,722 +17%
Northern Trust
122
Northern Trust
Illinois
$29.4M +$1.35M +22,315 +4%
SCM
123
Steadview Capital Management
United Kingdom
$29.2M -$32.8M -541,796 -50%
Truist Financial
124
Truist Financial
North Carolina
$29.1M -$888K -14,649 -3%
AT
125
AMF Tjänstepension
Sweden
$28.8M -$23.5M -388,085 -42%

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.