Shopify
SHOP
184 hedge funds and large institutions have $2.16B invested in Shopify in 2016 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 74 increasing their positions, 60 reducing their positions, and 21 closing their positions.
38% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 21
23% more repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 60
22% more funds holding in top 10
Funds holding in top 10: 9 → 11 (+2)
3% more funds holding
Funds holding: 179 → 184 (+5)
5% less capital invested
Capital invested by funds: $2.27B → $2.16B (-$107M)
45% less call options, than puts
Call options by funds: $16.4M | Put options by funds: $29.6M
57.33% less ownership
Funds ownership: 720.2% → 662.88% (-57%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACA
Abdiel Capital Advisors
New York
|
+$35.4M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$31.7M |
| 3 |
SM
SCGE Management
Menlo Park,
California
|
+$26.4M |
| 4 |
GCP
Garelick Capital Partners
Boston,
Massachusetts
|
+$18.6M |
| 5 |
CAM
Contour Asset Management
New York
|
+$16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DVC
Deer VII & Co
Larchmont,
New York
|
-$137M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$54.9M |
| 3 |
FAM
Fred Alger Management
New York
|
-$10M |
| 4 |
State of Wisconsin Investment Board
Madison,
Wisconsin
|
-$9.96M |
| 5 |
WRCM
Whale Rock Capital Management
Boston,
Massachusetts
|
-$8.93M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VKH
201
Virtu KCG Holdings
New York
| – | -$363K | -84,520 | Closed |
|
202
Comerica Bank
Dallas,
Texas
| – | -$207K | -47,430 | Closed |
|
|
RP
203
Raiff Partners
New York
| – | -$43K | -10,000 | Closed |
|
204
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$18K | -4,000 | Closed |
|
|
NC
205
NewSquare Capital
Newtown Square,
Pennsylvania
| – | -$2K | -510 | Closed |
|
SHOP Hedge Fund Activity: Q4 2016 in Review
184 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Shopify (SHOP) for Q4 2016, worth a combined $2.16B — down 4.7% from $2.27B a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new SHOP positions and 21 closed out — a net gain of 8 holders — while 74 added to existing stakes and 60 trimmed.
The largest buyer was Abdiel Capital Advisors, adding an estimated $35.4M. The largest seller was Deer VII & Co, exiting entirely with an estimated $137M sold.
- 184 institutional investors held Shopify (SHOP) as of Q4 2016, up from 179 in Q3 2016.
- Funds reported $2.16B of Shopify stock for Q4 2016, down 4.7% quarter-over-quarter.
- 29 funds opened new Shopify positions in Q4 2016 and 21 closed out, a net change of +8 holders.
- The largest Shopify buyer in Q4 2016 was Abdiel Capital Advisors, an estimated $35.4M added.
- The largest Shopify seller in Q4 2016 was Deer VII & Co, an estimated $137M sold.
Based on aggregated 13F filings for Q4 2016.