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
SCM
1751
Semanteon Capital Management
Massachusetts
– -$479K -4,150 Closed
DTL
1752
Dynamic Technology Lab
Singapore
– -$468K -4,053 Closed
TVM
1753
True Vision MN
Minnesota
– -$459K -3,983 Closed
AC
1754
ASB Consultores
Florida
– -$455K -3,941 Closed
FAM
1755
Formidable Asset Management
Ohio
– -$320K -3,350 Closed
SIG
1756
Sargent Investment Group
Maryland
– -$482K -3,110 Closed
SI
1757
Sprott Inc
Ontario, Canada
– -$359K -3,080 Closed
DIM
1758
DLK Investment Management
California
– -$350K -3,030 Closed
MCA
1759
Magnolia Capital Advisors
Mississippi
– -$323K -2,799 Closed
WTC
1760
WhitTier Trust Company
Nevada
– -$303K -2,631 Closed
SWGC
1761
Summit Wealth Group (Colorado)
Colorado
– -$278K -2,412 Closed
DFA
1762
Davies Financial Advisors
California
– -$270K -2,343 Closed
CWM
1763
Challenger Wealth Management
California
– -$268K -2,327 Closed
SP
1764
SIH Partners
Delaware
– -$254K -2,201 Closed
VWM
1765
Valley Wealth Managers
New Jersey
– -$248K -2,150 Closed
PSP
1766
Principal Street Partners
Tennessee
– -$232K -2,008 Closed
MCM
1767
Maple Capital Management
Vermont
– -$224K -1,941 Closed
SXL
1768
Summit X LLC
Missouri
– -$213K -1,847 Closed
PIM
1769
Paradice Investment Management
Colorado
– -$209K -1,810 Closed
GS
1770
GWN Securities
Florida
– -$205K -1,774 Closed
VWS
1771
Virtus Wealth Solutions
New Jersey
– -$203K -1,759 Closed
SMFG
1772
Sumitomo Mitsui Financial Group
Japan
– -$227K -1,675 Closed
CWM
1773
Centric Wealth Management
Illinois
– -$235K -1,569 Closed
OWA
1774
Opal Wealth Advisors
New York
– -$138K -1,196 Closed
WA
1775
Whipplewood Advisors
Colorado
– -$126K -1,096 Closed
69 70
71
72 73

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.