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Shopify

1,076 hedge funds and large institutions have $42.6B invested in Shopify in 2023 Q3 according to their latest regulatory filings, with 96 funds opening new positions, 391 increasing their positions, 379 reducing their positions, and 135 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% more repeat investments, than reductions

Existing positions increased: 391 | Existing positions reduced: 379

1% less call options, than puts

Call options by funds: $1.95B | Put options by funds: $1.97B

0.73% less ownership

Funds ownership: 65.28%64.55% (-0.73%)

4% less funds holding

Funds holding: 1,1241,076 (-48)

16% less capital invested

Capital invested by funds: $50.6B → $42.6B (-$8.02B)

25% less funds holding in top 10

Funds holding in top 10: 4433 (-11)

29% less first-time investments, than exits

New positions opened: 96 | Existing positions closed: 135

Holders
1,076
Holders Change
-48
Holders Change %
-4.27%
% of All Funds
17.08%
Holding in Top 10
33
Holding in Top 10 Change
-11
Holding in Top 10 Change %
-25%
% of All Funds
0.52%
New
96
Increased
391
Reduced
379
Closed
135
Calls
$1.95B
Puts
$1.97B
Net Calls
-$13.2M
Net Calls Change
+$389M
Name Holding Trade Value Shares
Change
Change in
Stake
Allspring Global Investments
201
Allspring Global Investments
North Carolina
$10.2M +$11.3M +186,256 +68,984%
MGCM
202
Mane Global Capital Management
New York
$9.78M +$10.9M +179,152 New
AIM
203
Allen Investment Management
New York
$9.71M +$789K +13,014 +8%
TIM
204
Thornburg Investment Management
New Mexico
$9.38M +$9.35M +154,374 +882%
BCH
205
Berkshire Capital Holdings
California
$9.36M -$3.27M -53,890 -24%
Walleye Capital
206
Walleye Capital
New York
$9.13M +$3.68M +60,734 +57%
SG Americas Securities
207
SG Americas Securities
New York
$8.99M +$691K +11,405 +8%
MCM
208
Marsico Capital Management
Colorado
$8.89M -$7.75M -127,930 -44%
SNT
209
SIG North Trading
Pennsylvania
$8.79M +$9.76M +161,159 New
HJIM
210
Henry James International Management
New York
$8.74M -$410K -6,766 -4%
SOMRS
211
State of Michigan Retirement System
Michigan
$8.73M
SCM
212
Sandler Capital Management
New York
$8.58M +$9.53M +157,300 New
CAN
213
Cetera Advisor Networks
California
$8.54M +$2.76M +45,484 +41%
Capital Fund Management (CFM)
214
Capital Fund Management (CFM)
France
$8.37M +$9.29M +153,361 New
WCM Investment Management
215
WCM Investment Management
California
$8.36M
CSS
216
Cubist Systematic Strategies
Connecticut
$8.31M +$8.24M +136,002 +838%
Northwestern Mutual Wealth Management
217
Northwestern Mutual Wealth Management
Wisconsin
$8.29M +$732K +12,075 +9%
LSA
218
Leonteq Securities AG
Switzerland
$8.25M +$7.5M +123,803 +485%
Skandinaviska Enskilda Banken (SEB)
219
Skandinaviska Enskilda Banken (SEB)
Sweden
$8.16M -$771K -12,725 -8%
PI
220
Putnam Investments
Massachusetts
$8.08M +$8.98M +148,151 New
JCM
221
Jag Capital Management
Missouri
$8M +$1.78M +29,417 +25%
CIC
222
Carnegie Investment Counsel
Ohio
$7.72M -$767K -12,664 -8%
MML Investors Services
223
MML Investors Services
Massachusetts
$7.54M +$1.61M +26,617 +24%
URS
224
Utah Retirement Systems
Utah
$7.36M
HighTower Advisors
225
HighTower Advisors
Illinois
$7.33M +$331K +5,461 +4%

SHOP Hedge Fund Activity: Q3 2023 in Review

1,076 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Shopify (SHOP) for Q3 2023, worth a combined $42.6B — down 16% from $50.6B a quarter earlier.

Sellers outnumbered buyers: 135 funds closed out of SHOP and 96 opened new positions — a net loss of 39 holders — while 379 trimmed existing stakes and 391 added.

The largest buyer was JP Morgan Chase, adding an estimated $359M. The largest seller was Bank of Nova Scotia, cutting an estimated $367M.

  • 1,076 institutional investors held Shopify (SHOP) as of Q3 2023, down from 1,124 in Q2 2023.
  • Funds reported $42.6B of Shopify stock for Q3 2023, down 16% quarter-over-quarter.
  • 96 funds opened new Shopify positions in Q3 2023 and 135 closed out, a net change of -39 holders.
  • The largest Shopify buyer in Q3 2023 was JP Morgan Chase, an estimated $359M added.
  • The largest Shopify seller in Q3 2023 was Bank of Nova Scotia, an estimated $367M sold.

Based on aggregated 13F filings for Q3 2023.