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Shopify

53 hedge funds and large institutions have $333M invested in Shopify in 2015 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 15 increasing their positions, 14 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

223.17% more ownership

Funds ownership: 823.76%1,046.93% (+223%)

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

36% more capital invested

Capital invested by funds: $245M → $333M (+$88.8M)

7% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 14

6% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 16

2% less funds holding

Funds holding: 5453 (-1)

43% less call options, than puts

Call options by funds: $4.82M | Put options by funds: $8.4M

Holders
53
Holders Change
-1
Holders Change %
-1.85%
% of All Funds
1.48%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.06%
New
15
Increased
15
Reduced
14
Closed
16
Calls
$4.82M
Puts
$8.4M
Net Calls
-$3.58M
Net Calls Change
-$3.84M
Name Holding Trade Value Shares
Change
Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$72.1M +$23.3M +7,350,450 +55%
GGHC
2
Gilder Gagnon Howe & Co
New York
$54.9M -$61.8K -19,490 -0.1%
Lord, Abbett & Co
3
Lord, Abbett & Co
New Jersey
$43.7M +$38.4M +12,109,220 +4,059%
LSCM
4
Light Street Capital Management
California
$32.1M +$6.65M +2,099,400 +30%
JP Morgan Chase
5
JP Morgan Chase
New York
$23.8M +$3.79M +1,195,390 +21%
T. Rowe Price Associates
6
T. Rowe Price Associates
Maryland
$14M -$141K -44,500 -1%
NCGI
7
Next Century Growth Investors
Minnesota
$10.2M +$2.02M +636,000 +28%
Alkeon Capital Management
8
Alkeon Capital Management
New York
$9.37M
Capital World Investors
9
Capital World Investors
California
$8.86M
IHG
10
Insight Holdings Group
New York
$8.28M
American Century Companies
11
American Century Companies
Missouri
$8.05M +$7.24M +2,285,890 New
PC
12
Pier Capital
Connecticut
$6.59M +$5.93M +1,871,200 New
UBS AM
13
UBS AM
Illinois
$5.9M +$561K +176,870 +12%
Connor, Clark & Lunn Investment Management (CC&L)
14
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$5.27M +$3.66M +1,155,000 +322%
CI Investments Inc
15
CI Investments Inc
Ontario, Canada
$4.18M -$41.2K -13,000 -1%
Federated Hermes
16
Federated Hermes
Pennsylvania
$3.17M -$85.6K -27,000 -3%
ACM
17
Atika Capital Management
New York
$2.99M +$979K +309,000 +57%
Tiger Global Management
18
Tiger Global Management
New York
$2.46M
TD Asset Management
19
TD Asset Management
Ontario, Canada
$1.98M +$628K +198,000 +53%
First Trust Advisors
20
First Trust Advisors
Illinois
$1.93M +$126K +39,600 +8%
NFA
21
Nationwide Fund Advisors
Ohio
$1.78M +$1.6M +505,000 New
TI
22
Turner Investments
Pennsylvania
$1.51M +$402K +126,700 +42%
Bank of Montreal
23
Bank of Montreal
Ontario, Canada
$1.1M -$1.35M -425,860 -58%
CSS
24
Cubist Systematic Strategies
Connecticut
$976K +$878K +277,150 New
Millennium Management
25
Millennium Management
New York
$919K -$1.23M -388,840 -60%

SHOP Hedge Fund Activity: Q3 2015 in Review

53 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Shopify (SHOP) for Q3 2015, worth a combined $333M — up 36% from $245M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of SHOP and 15 opened new positions — a net loss of 1 holder — while 14 trimmed existing stakes and 15 added.

The largest buyer was Lord, Abbett & Co, adding an estimated $38.4M. The largest seller was Massachusetts Financial Services, exiting entirely with an estimated $13.3M sold.

  • 53 institutional investors held Shopify (SHOP) as of Q3 2015, down from 54 in Q2 2015.
  • Funds reported $333M of Shopify stock for Q3 2015, up 36% quarter-over-quarter.
  • 15 funds opened new Shopify positions in Q3 2015 and 16 closed out, a net change of -1 holder.
  • The largest Shopify buyer in Q3 2015 was Lord, Abbett & Co, an estimated $38.4M added.
  • The largest Shopify seller in Q3 2015 was Massachusetts Financial Services, an estimated $13.3M sold.

Based on aggregated 13F filings for Q3 2015.