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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
IMC
1776
Investment Management Corporation
Virginia
– -$115K -1,000 Closed
SAM
1777
S.A. Mason
Michigan
– -$61.7K -535 Closed
OPTFSNA
1778
Old Point Trust & Financial Services N A
Virginia
– -$57.7K -500 Closed
TIM
1779
Total Investment Management
Arizona
– -$56.4K -489 Closed
GC
1780
GFG Capital
Florida
– -$51.9K -450 Closed
SO
1781
Sierra Ocean
California
– -$47.1K -408 Closed
LAM
1782
LOM Asset Management
– -$46K -400 Closed
SPM
1783
Symmetry Peak Management
Pennsylvania
– -$39.3K -290 Closed
AIM
1784
Access Investment Management
Georgia
– -$31.5K -273 Closed
PSFG
1785
Park Square Financial Group
Georgia
– -$31.4K -272 Closed
LFA
1786
LGT Financial Advisors
Texas
– -$21.2K -184 Closed
OW
1787
Olistico Wealth
Oklahoma
– -$13.8K -120 Closed
SCA
1788
Stuart Chaussee & Associates
California
– -$13.8K -120 Closed
NC
1789
NewSquare Capital
Pennsylvania
– -$13.5K -117 Closed
CW
1790
Curio Wealth
Maryland
– -$11.5K -100 Closed
EWM
1791
Evolution Wealth Management
Florida
– -$11.5K -100 Closed
CWM
1792
CarsonAllaria Wealth Management
Illinois
– -$11K -95 Closed
TCM
1793
Traub Capital Management
Massachusetts
– -$8.07K -70 Closed
CCMI
1794
Creative Capital Management Investments
California
– -$4.73K -41 Closed
PW
1795
Pandora Wealth
Illinois
– -$4.73K -41 Closed
RAM
1796
Riggs Asset Management
Pennsylvania
– -$4.15K -36 Closed
KIM
1797
Kestra Investment Management
Texas
– -$3.34K -35 Closed
SWM
1798
Shelton Wealth Management
Texas
– -$3.58K -31 Closed
RFS
1799
Richardson Financial Services
Massachusetts
– -$1.73K -15 Closed
ITIM
1800
Indiana Trust & Investment Management
Indiana
– -$1.15K -10 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.