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285 hedge funds and large institutions have $5.62B invested in Shopify in 2017 Q3 according to their latest regulatory filings, with 63 funds opening new positions, 93 increasing their positions, 94 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more first-time investments, than exits

New positions opened: 63 | Existing positions closed: 27

83% more funds holding in top 10

Funds holding in top 10: 611 (+5)

39% more capital invested

Capital invested by funds: $4.04B → $5.62B (+$1.58B)

13% more funds holding

Funds holding: 253285 (+32)

1% less repeat investments, than reductions

Existing positions increased: 93 | Existing positions reduced: 94

25.72% less ownership

Funds ownership: 590.38%564.66% (-26%)

55% less call options, than puts

Call options by funds: $209M | Put options by funds: $469M

Holders
285
Holders Change
+32
Holders Change %
+12.65%
% of All Funds
7.11%
Holding in Top 10
11
Holding in Top 10 Change
+5
Holding in Top 10 Change %
+83.33%
% of All Funds
0.27%
New
63
Increased
93
Reduced
94
Closed
27
Calls
$209M
Puts
$469M
Net Calls
-$260M
Net Calls Change
+$2.4M
Name Holding Trade Value Shares
Change
Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$1.49B +$23.5M +2,297,780 +2%
T. Rowe Price Associates
2
T. Rowe Price Associates
Maryland
$532M +$97.7M +9,568,490 +26%
Sands Capital Management
3
Sands Capital Management
Virginia
$425M -$18M -1,761,350 -5%
Coatue Management
4
Coatue Management
New York
$306M
ACA
5
Abdiel Capital Advisors
New York
$163M -$35.7M -3,500,000 -20%
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$155M -$1.92M -187,820 -1%
WRCM
7
Whale Rock Capital Management
Massachusetts
$154M +$37M +3,625,270 +38%
Connor, Clark & Lunn Investment Management (CC&L)
8
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$130M +$2.59M +253,350 +2%
Baillie Gifford & Co
9
Baillie Gifford & Co
United Kingdom
$109M +$95.9M +9,386,610 New
ZCI
10
Zevenbergen Capital Investments
Washington
$103M +$4.89M +478,850 +6%
SM
11
SCGE Management
California
$91.3M +$10.1M +988,750 +14%
Bank of New York Mellon
12
Bank of New York Mellon
New York
$75.6M -$4.45M -435,250 -6%
TD Asset Management
13
TD Asset Management
Ontario, Canada
$70.8M +$255K +24,940 +0.4%
Manulife (Manufacturers Life Insurance)
14
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$66.3M +$370K +36,270 +0.6%
Franklin Resources
15
Franklin Resources
California
$62.2M +$13.8M +1,356,000 +34%
OTPPB
16
Ontario Teachers' Pension Plan Board
Ontario, Canada
$58.6M +$38.3M +3,753,400 +293%
Canada Pension Plan Investment Board
17
Canada Pension Plan Investment Board
Ontario, Canada
$55.6M +$1.17M +114,480 +2%
Federated Hermes
18
Federated Hermes
Pennsylvania
$55.6M -$3.98M -390,000 -8%
Public Sector Pension Investment Board (PSP Investments)
19
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$55M +$511K +50,000 +1%
Lord, Abbett & Co
20
Lord, Abbett & Co
New Jersey
$54.2M -$12.7M -1,242,830 -21%
Norges Bank
21
Norges Bank
Norway
$54.1M +$1.17M +114,610 +3%
LSCM
22
Light Street Capital Management
California
$42.5M +$16.9M +1,650,000 +83%
CIBC Asset Management
23
CIBC Asset Management
Ontario, Canada
$40.7M +$8.45M +827,610 +31%
Goldman Sachs
24
Goldman Sachs
New York
$40.2M -$10.4M -1,018,050 -23%
Morgan Stanley
25
Morgan Stanley
New York
$38M -$38.2M -3,740,170 -53%

SHOP Hedge Fund Activity: Q3 2017 in Review

285 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Shopify (SHOP) for Q3 2017, worth a combined $5.62B — up 39% from $4.04B a quarter earlier.

Buyers outnumbered sellers: 63 funds opened new SHOP positions and 27 closed out — a net gain of 36 holders — while 93 added to existing stakes and 94 trimmed.

The largest buyer was T. Rowe Price Associates, adding an estimated $97.7M. The largest seller was Morgan Stanley, cutting an estimated $38.2M.

  • 285 institutional investors held Shopify (SHOP) as of Q3 2017, up from 253 in Q2 2017.
  • Funds reported $5.62B of Shopify stock for Q3 2017, up 39% quarter-over-quarter.
  • 63 funds opened new Shopify positions in Q3 2017 and 27 closed out, a net change of +36 holders.
  • The largest Shopify buyer in Q3 2017 was T. Rowe Price Associates, an estimated $97.7M added.
  • The largest Shopify seller in Q3 2017 was Morgan Stanley, an estimated $38.2M sold.

Based on aggregated 13F filings for Q3 2017.