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Shopify

95 hedge funds and large institutions have $1.15B invested in Shopify in 2016 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 34 increasing their positions, 20 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

70% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 20

21% more call options, than puts

Call options by funds: $6.04M | Put options by funds: $5M

19% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 27

11% more capital invested

Capital invested by funds: $1.03B → $1.15B (+$115M)

6% more funds holding

Funds holding: 9095 (+5)

13% less funds holding in top 10

Funds holding in top 10: 87 (-1)

1,787.83% less ownership

Funds ownership: 2,470.89%683.06% (-1,788%)

Holders
95
Holders Change
+5
Holders Change %
+5.56%
% of All Funds
2.53%
Holding in Top 10
7
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-12.5%
% of All Funds
0.19%
New
32
Increased
34
Reduced
20
Closed
27
Calls
$6.04M
Puts
$5M
Net Calls
+$1.04M
Net Calls Change
+$4.18M
Name Holding Trade Value Shares
Change
Change in
Stake
DVC
1
Deer VII & Co
New York
$285M -$47.9M -20,207,520 -17%
Fidelity Investments
2
Fidelity Investments
Massachusetts
$204M +$114M +48,007,820 +199%
T. Rowe Price Associates
3
T. Rowe Price Associates
Maryland
$93M +$51.4M +21,691,100 +193%
GPI
4
Georgian Partners I
Ontario, Canada
$80.2M -$19.2M -8,111,000 -22%
FCI
5
FirstMark Capital I
New York
$78.2M -$122M -51,491,550 -65%
LSCM
6
Light Street Capital Management
California
$53.6M +$7.1M +3,000,000 +19%
ACA
7
Abdiel Capital Advisors
New York
$47.3M +$39.7M +16,771,470 New
JP Morgan Chase
8
JP Morgan Chase
New York
$32.4M -$9.67M -4,082,180 -26%
PI
9
Putnam Investments
Massachusetts
$27.5M +$23.1M +9,749,480 New
Manulife (Manufacturers Life Insurance)
10
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$18.3M +$15.6M +6,592,640 New
O
11
OppenheimerFunds
New York
$18.2M +$2.74M +1,155,100 +22%
Lord, Abbett & Co
12
Lord, Abbett & Co
New Jersey
$17.4M -$4.14M -1,750,020 -22%
CAM
13
Contour Asset Management
New York
$14.8M +$12.4M +5,240,810 New
Wells Fargo
14
Wells Fargo
California
$13.8M +$11.6M +4,897,810 +74,776%
Connor, Clark & Lunn Investment Management (CC&L)
15
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$13.1M +$1.75M +737,020 +19%
WRCM
16
Whale Rock Capital Management
Massachusetts
$12.1M -$7.67M -3,239,370 -43%
Bank of Montreal
17
Bank of Montreal
Ontario, Canada
$10.1M +$3.51M +1,480,780 +71%
American Century Companies
18
American Century Companies
Missouri
$8.83M +$1.98M +837,540 +37%
Balyasny Asset Management
19
Balyasny Asset Management
Illinois
$8.78M +$7.37M +3,112,280 New
NCGI
20
Next Century Growth Investors
Minnesota
$8.38M +$193K +81,650 +3%
Capital World Investors
21
Capital World Investors
California
$7.1M
IHG
22
Insight Holdings Group
New York
$6.67M
PC
23
Pier Capital
Connecticut
$6.55M -$1.31M -554,540 -19%
GIM
24
Granahan Investment Management
Massachusetts
$5.56M -$148K -62,500 -3%
TAM
25
Telemark Asset Management
Massachusetts
$5.08M -$1.66M -700,000 -28%

SHOP Hedge Fund Activity: Q1 2016 in Review

95 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Shopify (SHOP) for Q1 2016, worth a combined $1.15B — up 11% from $1.03B a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new SHOP positions and 27 closed out — a net gain of 5 holders — while 34 added to existing stakes and 20 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $114M. The largest seller was FirstMark Capital I, cutting an estimated $122M.

  • 95 institutional investors held Shopify (SHOP) as of Q1 2016, up from 90 in Q4 2015.
  • Funds reported $1.15B of Shopify stock for Q1 2016, up 11% quarter-over-quarter.
  • 32 funds opened new Shopify positions in Q1 2016 and 27 closed out, a net change of +5 holders.
  • The largest Shopify buyer in Q1 2016 was Fidelity Investments, an estimated $114M added.
  • The largest Shopify seller in Q1 2016 was FirstMark Capital I, an estimated $122M sold.

Based on aggregated 13F filings for Q1 2016.