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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
MW
1451
Members Wealth
Pennsylvania
$221K +$200K +1,475 New
SN
1452
Sittner & Nelson
Oregon
$221K – – –
WRPWM
1453
Werba Rubin Papier Wealth Management
California
$220K +$201K +1,483 New
FFM
1454
Flagstone Financial Management
Nebraska
$220K +$201K +1,480 New
VFG
1455
V2 Financial group
Illinois
$219K +$200K +1,476 New
DWP
1456
Daymark Wealth Partners
Ohio
$219K +$200K +1,475 New
PPW
1457
Parcion Private Wealth
Washington
$219K +$200K +1,475 New
PCM
1458
Parsons Capital Management
Rhode Island
$219K +$200K +1,475 New
BS
1459
Banco Santander
Spain
$219K -$644K -4,749 -76%
EFSCE
1460
Enterprise Financial Services Corp (EFSC)
Missouri
$217K +$198K +1,463 New
CA
1461
CV Advisors
Florida
$217K +$198K +1,460 New
WCM
1462
Washburn Capital Management
Florida
$217K +$198K +1,460 New
IC
1463
Inscription Capital
Texas
$217K +$198K +1,459 New
KSWWM
1464
Keyes Stange & Wooten Wealth Management
Florida
$216K +$197K +1,452 New
TC
1465
TAGStone Capital
North Carolina
$215K – – –
TW
1466
Traveka Wealth
California
$215K +$196K +1,447 New
APP
1467
Avantax Planning Partners
Iowa
$214K -$289K -2,131 -60%
PP
1468
Pacifica Partners
Canada
$214K -$8.13K -60 -4%
CAM
1469
Cidel Asset Management
Ontario, Canada
$213K +$194K +1,434 New
NWMG
1470
National Wealth Management Group
Ohio
$212K -$53K -391 -21%
IAMOG
1471
Investors Asset Management of Georgia
Georgia
$212K -$140K -1,035 -42%
CAC
1472
Certified Advisory Corp
Florida
$212K +$193K +1,425 New
NC
1473
NovaPoint Capital
Georgia
$210K +$192K +1,413 New
LWIC
1474
Leith Wheeler Investment Counsel
British Columbia, Canada
$210K +$191K +1,410 New
FWA
1475
FSM Wealth Advisors
Ohio
$209K +$191K +1,410 New
57 58
59
60 61

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.