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Shopify

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: 4871 (+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: 1,5551,718 (+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
Name Holding Trade Value Shares
Change
Change in
Stake
PMFA
1501
Plante Moran Financial Advisors
Michigan
$174K -$16.8K -124 -10%
HWP
1502
Highline Wealth Partners
California
$170K +$29.6K +218 +24%
KB
1503
Kimelman & Baird
New York
$167K -$50.8K -375 -25%
OSNBOA
1504
Old Second National Bank of Aurora
Illinois
$165K
GSWM
1505
Golden State Wealth Management
California
$164K +$56.9K +420 +61%
EPAM
1506
Evelyn Partners Asset Management
$162K +$147K +1,087 New
SWIM
1507
Smallwood Wealth Investment Management
New Jersey
$158K -$13.6K -100 -9%
EFMH
1508
E Fund Management (HK)
Hong Kong
$157K +$75.4K +556 +111%
MSG
1509
Main Street Group
Virginia
$156K -$407 -3 -0.3%
AW
1510
Avion Wealth
Texas
$156K
EWM
1511
Evermay Wealth Management
Virginia
$154K
MIM
1512
MTM Investment Management
South Carolina
$152K
TCOV
1513
Trust Company of Vermont
Vermont
$151K
PWA
1514
Physician Wealth Advisors
Utah
$149K -$10.4K -77 -7%
FMTCOCP
1515
Farmers & Merchants Trust Co of Chambersburg PA
Pennsylvania
$149K
CBT
1516
Crews Bank & Trust
Florida
$149K
HWA
1517
HHM Wealth Advisors
Tennessee
$148K -$39.5K -291 -23%
CI
1518
CX Institutional
Indiana
$140K
CCM
1519
Cloud Capital Management
Washington
$138K +$126K +932 New
CSPIA
1520
Cary Street Partners Investment Advisory
Virginia
$137K +$62.8K +463 +102%
BCM
1521
Boreal Capital Management
Florida
$133K -$33.4K -246 -22%
MG
1522
Mather Group
Illinois
$133K +$121K +893 New
OCM
1523
Orion Capital Management
California
$133K
Simplex Trading
1524
Simplex Trading
Illinois
$132K +$121K +894 New
FNWA
1525
Financial Network Wealth Advisors
Utah
$131K -$12.9K -95 -10%

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.