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218 hedge funds and large institutions have $3.27B invested in Shopify in 2017 Q1 according to their latest regulatory filings, with 65 funds opening new positions, 51 increasing their positions, 79 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more first-time investments, than exits

New positions opened: 65 | Existing positions closed: 26

52% more capital invested

Capital invested by funds: $2.16B → $3.27B (+$1.11B)

18% more funds holding

Funds holding: 184218 (+34)

9% less funds holding in top 10

Funds holding in top 10: 1110 (-1)

35% less repeat investments, than reductions

Existing positions increased: 51 | Existing positions reduced: 79

40.46% less ownership

Funds ownership: 662.88%622.42% (-40%)

49% less call options, than puts

Call options by funds: $53.6M | Put options by funds: $105M

Holders
218
Holders Change
+34
Holders Change %
+18.48%
% of All Funds
5.43%
Holding in Top 10
10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-9.09%
% of All Funds
0.25%
New
65
Increased
51
Reduced
79
Closed
26
Calls
$53.6M
Puts
$105M
Net Calls
-$51.7M
Net Calls Change
-$38.4M
Name Holding Trade Value Shares
Change
Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$788M +$9.86M +1,712,940 +2%
T. Rowe Price Associates
2
T. Rowe Price Associates
Maryland
$282M -$1.52M -263,650 -0.6%
Sands Capital Management
3
Sands Capital Management
Virginia
$262M +$221M +38,456,330 New
ACA
4
Abdiel Capital Advisors
New York
$160M -$61M -10,583,900 -31%
Lord, Abbett & Co
5
Lord, Abbett & Co
New Jersey
$102M +$65.5M +11,379,930 +317%
Renaissance Technologies
6
Renaissance Technologies
New York
$91.7M +$3.51M +610,000 +5%
Connor, Clark & Lunn Investment Management (CC&L)
7
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$83M -$17.9M -3,113,500 -20%
WRCM
8
Whale Rock Capital Management
Massachusetts
$70.8M -$8.64M -1,499,830 -13%
SM
9
SCGE Management
California
$69.1M +$8.35M +1,450,000 +17%
Manulife (Manufacturers Life Insurance)
10
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$55.3M -$13M -2,264,270 -22%
Bank of New York Mellon
11
Bank of New York Mellon
New York
$52.1M -$10.3M -1,796,760 -19%
LSCM
12
Light Street Capital Management
California
$49.4M -$37.4M -6,500,000 -47%
CAM
13
Contour Asset Management
New York
$47.9M -$34.2M -5,944,050 -46%
PI
14
Putnam Investments
Massachusetts
$46.3M -$47.7M -8,290,840 -55%
Morgan Stanley
15
Morgan Stanley
New York
$43.8M +$20.1M +3,482,540 +118%
CI Investments Inc
16
CI Investments Inc
Ontario, Canada
$43.2M +$69.1K +12,000 +0.2%
O
17
OppenheimerFunds
New York
$42.4M -$2.95M -511,400 -8%
ZCI
18
Zevenbergen Capital Investments
Washington
$41.9M +$18M +3,118,400 +103%
WRF
19
Waddell & Reed Financial
Kansas
$41.7M -$5.98M -1,037,600 -14%
JP Morgan Chase
20
JP Morgan Chase
New York
$39M -$9.18M -1,594,860 -22%
Royal Bank of Canada
21
Royal Bank of Canada
Ontario, Canada
$38.6M -$6.89M -1,196,220 -17%
Deutsche Bank
22
Deutsche Bank
Germany
$33.5M +$20.2M +3,512,690 +250%
SIMG
23
Stephens Investment Management Group
Texas
$30.8M -$4.87M -844,810 -16%
Norges Bank
24
Norges Bank
Norway
$28.5M +$4.94M +857,940 +26%
PCM
25
Peregrine Capital Management
Minnesota
$27.1M -$8.96M -1,556,340 -29%

SHOP Hedge Fund Activity: Q1 2017 in Review

218 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Shopify (SHOP) for Q1 2017, worth a combined $3.27B — up 52% from $2.16B a quarter earlier.

Buyers outnumbered sellers: 65 funds opened new SHOP positions and 26 closed out — a net gain of 39 holders — while 51 added to existing stakes and 79 trimmed.

The largest buyer was Sands Capital Management, opening a new position worth an estimated $221M. The largest seller was Abdiel Capital Advisors, cutting an estimated $61M.

  • 218 institutional investors held Shopify (SHOP) as of Q1 2017, up from 184 in Q4 2016.
  • Funds reported $3.27B of Shopify stock for Q1 2017, up 52% quarter-over-quarter.
  • 65 funds opened new Shopify positions in Q1 2017 and 26 closed out, a net change of +39 holders.
  • The largest Shopify buyer in Q1 2017 was Sands Capital Management, an estimated $221M added.
  • The largest Shopify seller in Q1 2017 was Abdiel Capital Advisors, an estimated $61M sold.

Based on aggregated 13F filings for Q1 2017.