We are live on ! Find out more
SHOP icon

Shopify
SHOP

1,718 hedge funds and large institutions have $123B invested in Shopify in 2025 Q3 according to their latest regulatory filings, with 276 funds opening new positions, 559 increasing their positions, 621 reducing their positions, and 83 closing their positions.

New
Increased
Maintained
Reduced
Closed

233% more first-time investments, than exits

New positions opened: 276 | Existing positions closed: 83

48% more funds holding in top 10

Funds holding in top 10: 48 → 71 (+23)

36% more call options, than puts

Call options by funds: $4.52B | Put options by funds: $3.32B

27% more capital invested

Capital invested by funds: $97.4B → $123B (+$26B)

10% more funds holding

Funds holding: 1,555 → 1,718 (+163)

10% less repeat investments, than reductions

Existing positions increased: 559 | Existing positions reduced: 621

1.29% less ownership

Funds ownership: 69.27% → 67.98% (-1.3%)

Holders
1,718
Holders Change
+163
Holders Change %
+10.48%
% of All Funds
22.55%
Holding in Top 10
71
Holding in Top 10 Change
+23
Holding in Top 10 Change %
+47.92%
% of All Funds
0.93%
New
276
Increased
559
Reduced
621
Closed
83
Calls
$4.52B
Puts
$3.32B
Net Calls
+$1.19B
Net Calls Change
+$458M

Top Buyers

1
Jennison Associates
Jennison Associates
New York
+$1B
2
JP Morgan Chase
JP Morgan Chase
New York
+$730M
3
Invesco
Invesco
Georgia
+$381M
4
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$355M
5
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$314M

Top Sellers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$711M
2
Capital World Investors
Capital World Investors
California
-$592M
3
Polen Capital Management
Polen Capital Management
Florida
-$492M
4
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$486M
5
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
-$312M
Name Holding Trade Value Shares
Change 		Change in
Stake
ZIC
1276
ZWJ Investment Counsel
Georgia
$321K +$293K +2,161 New
MCM
1277
M1 Capital Management
Michigan
$321K – – –
ZBNA
1278
Zions Bancorporation, National Association
Utah
$320K +$58.4K +431 +25%
CH
1279
Cromwell Holdings
Wyoming
$319K +$12.7K +94 +5%
FAM
1280
Flaharty Asset Management
Florida
$319K – – –
MAWA
1281
Moss Adams Wealth Advisors
Washington
$319K – – –
WC
1282
Wynn Capital
Georgia
$317K +$7.46K +55 +3%
SP
1283
Stonebrook Private
Michigan
$316K -$17.9K -132 -6%
BWA
1284
Blodgett Wealth Advisors
California
$316K – – –
YDMI
1285
Y.D. More Investments
Israel
$314K -$78K -575 -21%
PGWM
1286
Pitti Group Wealth Management
New York
$314K -$42K -310 -13%
PWA
1287
Providence Wealth Advisors
Illinois
$313K – – –
GITFIT
1288
Generali Investments Towarzystwo Funduszy Inwestycyjnych (TFI)
Poland
$312K -$94.9K -700 -25%
UF
1289
Univest Financial
Pennsylvania
$312K -$4.07K -30 -1%
AT
1290
Arlington Trust
Alabama
$312K – – –
BHCM
1291
Brevan Howard Capital Management
Jersey
$312K +$285K +2,100 New
CFM
1292
Catalyst Funds Management
Australia
$312K +$285K +2,100 New
SWM
1293
SeaCrest Wealth Management
New York
$311K +$271 +2 +0.1%
MAM
1294
McLean Asset Management
Virginia
$310K +$1.08K +8 +0.4%
GA
1295
Goldstein Advisors
Wisconsin
$310K -$86K -634 -23%
SAM
1296
Smartleaf Asset Management
Massachusetts
$308K +$195K +1,439 +228%
IA
1297
Inspire Advisors
Idaho
$307K +$23.7K +175 +9%
DKCM
1298
Davidson Kahn Capital Management
California
$306K -$5.42K -40 -2%
FGP
1299
Freestone Grove Partners
California
$305K +$279K +2,055 New
PSP
1300
Pacific Sage Partners
Washington
$305K – – –
50 51
52
53 54

SHOP Hedge Fund Activity: Q3 2025 in Review

1,718 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Shopify (SHOP) for Q3 2025, worth a combined $123B — up 27% from $97.4B a quarter earlier.

Buyers outnumbered sellers: 276 funds opened new SHOP positions and 83 closed out — a net gain of 193 holders — while 559 added to existing stakes and 621 trimmed.

The largest buyer was Jennison Associates, adding an estimated $1B. The largest seller was T. Rowe Price Associates, cutting an estimated $711M.

  • 1,718 institutional investors held Shopify (SHOP) as of Q3 2025, up from 1,555 in Q2 2025.
  • Funds reported $123B of Shopify stock for Q3 2025, up 27% quarter-over-quarter.
  • 276 funds opened new Shopify positions in Q3 2025 and 83 closed out, a net change of +193 holders.
  • The largest Shopify buyer in Q3 2025 was Jennison Associates, an estimated $1B added.
  • The largest Shopify seller in Q3 2025 was T. Rowe Price Associates, an estimated $711M sold.

Based on aggregated 13F filings for Q3 2025.