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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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
1,222
Holders Change
+11
Holders Change %
+0.91%
% of All Funds
17.6%
Holding in Top 10
32
Holding in Top 10 Change
-8
Holding in Top 10 Change %
-20%
% of All Funds
0.46%
New
124
Increased
446
Reduced
440
Closed
99
Calls
$2.85B
Puts
$1.87B
Net Calls
+$979M
Net Calls Change
+$107M

Top Buyers

1
GQG Partners
GQG Partners
Florida
+$1.1B
2
Capital World Investors
Capital World Investors
California
+$817M
3
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$473M
4
JP Morgan Chase
JP Morgan Chase
New York
+$218M
5
MU
Mirova US
Massachusetts
+$157M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$4.26B
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$610M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$383M
4
Capital Research Global Investors
Capital Research Global Investors
California
-$352M
5
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
-$219M
Name Holding Trade Value Shares
Change 		Change in
Stake
MME
1301
Meag Munich Ergo
Germany
– -$92.5K -1,182 Closed
GIP
1302
Greatmark Investment Partners
Georgia
– -$70.7K -908 Closed
CAM
1303
Chesapeake Asset Management
New York
– -$70.1K -900 Closed
BCM
1304
Bourgeon Capital Management
Connecticut
– -$58.4K -750 Closed
RIM
1305
Rockbridge Investment Management
New York
– -$54.7K -702 Closed
GG
1306
Greenwood Gearhart
Arkansas
– -$46.7K -600 Closed
MRCM
1307
M&R Capital Management
New Jersey
– -$39K -500 Closed
POIA
1308
Pin Oak Investment Advisors
Texas
– -$31K -400 Closed
TCWA
1309
Turtle Creek Wealth Advisors
Texas
– -$22.6K -290 Closed
GWSA
1310
Global Wealth Strategies & Associates
Colorado
– -$19.5K -250 Closed
RDFA
1311
Ritter Daniher Financial Advisory
Ohio
– -$11.7K -150 Closed
DCBT
1312
Dakota Community Bank & Trust
North Dakota
– -$8.26K -106 Closed
AIC
1313
Archer Investment Corporation
Indiana
– -$7.01K -90 Closed
VWWMG
1314
Vermillion & White Wealth Management Group
Pennsylvania
– -$6.62K -85 Closed
AWM
1315
Able Wealth Management
New Jersey
– -$5.22K -67 Closed
IFAM
1316
Institutional & Family Asset Management
Colorado
– -$2.34K -30 Closed
NMG
1317
New Millennium Group
Utah
– -$2.34K -30 Closed
SWM
1318
Sanctuary Wealth Management
Idaho
– -$2.34K -30 Closed
AFWM
1319
Abich Financial Wealth Management
Virginia
– -$1.87K -24 Closed
CM
1320
Caption Management
Oklahoma
– -$1.17K -15 Closed
OP
1321
ORG Partners
Indiana
– -$779 -10 Closed
49 50 51 52
53

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.