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Shopify

335 hedge funds and large institutions have $7.59B invested in Shopify in 2018 Q1 according to their latest regulatory filings, with 86 funds opening new positions, 101 increasing their positions, 92 reducing their positions, and 33 closing their positions.

New
Increased
Maintained
Reduced
Closed

161% more first-time investments, than exits

New positions opened: 86 | Existing positions closed: 33

34% more capital invested

Capital invested by funds: $5.65B → $7.59B (+$1.94B)

18% more funds holding

Funds holding: 284335 (+51)

11.78% more ownership

Funds ownership: 649.68%661.46% (+12%)

10% more repeat investments, than reductions

Existing positions increased: 101 | Existing positions reduced: 92

0% more funds holding in top 10

Funds holding in top 10: 99 (0)

44% less call options, than puts

Call options by funds: $303M | Put options by funds: $541M

Holders
335
Holders Change
+51
Holders Change %
+17.96%
% of All Funds
7.68%
Holding in Top 10
9
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.21%
New
86
Increased
101
Reduced
92
Closed
33
Calls
$303M
Puts
$541M
Net Calls
-$238M
Net Calls Change
-$30.1M
Name Holding Trade Value Shares
Change
Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$1.72B +$363M +28,016,240 +25%
Coatue Management
2
Coatue Management
New York
$873M +$103K +7,920 +0%
T. Rowe Price Associates
3
T. Rowe Price Associates
Maryland
$858M -$15.1M -1,169,080 -2%
Sands Capital Management
4
Sands Capital Management
Virginia
$419M -$27.7M -2,141,080 -6%
Wellington Management Group
5
Wellington Management Group
Massachusetts
$198M +$146M +11,295,060 +246%
ACA
6
Abdiel Capital Advisors
New York
$196M
WRCM
7
Whale Rock Capital Management
Massachusetts
$183M -$21.7M -1,675,950 -10%
CG
8
Carmignac Gestion
France
$181M +$133M +10,297,500 +243%
Baillie Gifford & Co
9
Baillie Gifford & Co
United Kingdom
$173M +$48.9M +3,777,660 +37%
Royal Bank of Canada
10
Royal Bank of Canada
Ontario, Canada
$150M -$2.85M -220,050 -2%
Franklin Resources
11
Franklin Resources
California
$147M +$36.9M +2,848,000 +32%
ZCI
12
Zevenbergen Capital Investments
Washington
$114M +$465K +35,950 +0.4%
Connor, Clark & Lunn Investment Management (CC&L)
13
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$110M -$24.1M -1,861,450 -17%
JP Morgan Chase
14
JP Morgan Chase
New York
$92.7M +$23.9M +1,848,220 +33%
SM
15
SCGE Management
California
$92.2M -$17.4M -1,345,800 -15%
Bank of New York Mellon
16
Bank of New York Mellon
New York
$77M -$3.32M -256,290 -4%
William Blair Investment Management
17
William Blair Investment Management
Illinois
$73.1M +$22.6M +1,747,610 +42%
OTPPB
18
Ontario Teachers' Pension Plan Board
Ontario, Canada
$72.5M -$15.9M -1,225,370 -17%
Manulife (Manufacturers Life Insurance)
19
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$68M +$2.59M +199,720 +4%
Canada Pension Plan Investment Board
20
Canada Pension Plan Investment Board
Ontario, Canada
$59.6M +$1.11M +86,000 +2%
Sumitomo Mitsui Trust Group
21
Sumitomo Mitsui Trust Group
Japan
$59.1M +$6.6M +510,160 +12%
TD Asset Management
22
TD Asset Management
Ontario, Canada
$57.6M -$694K -53,590 -1%
Morgan Stanley
23
Morgan Stanley
New York
$53.7M -$29.8M -2,302,870 -35%
Norges Bank
24
Norges Bank
Norway
$53.7M +$4.01M +309,590 +8%
Federated Hermes
25
Federated Hermes
Pennsylvania
$50.3M -$3.2M -246,850 -6%

SHOP Hedge Fund Activity: Q1 2018 in Review

335 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Shopify (SHOP) for Q1 2018, worth a combined $7.59B — up 34% from $5.65B a quarter earlier.

Buyers outnumbered sellers: 86 funds opened new SHOP positions and 33 closed out — a net gain of 53 holders — while 101 added to existing stakes and 92 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $363M. The largest seller was Susquehanna International Group, cutting an estimated $50M.

  • 335 institutional investors held Shopify (SHOP) as of Q1 2018, up from 284 in Q4 2017.
  • Funds reported $7.59B of Shopify stock for Q1 2018, up 34% quarter-over-quarter.
  • 86 funds opened new Shopify positions in Q1 2018 and 33 closed out, a net change of +53 holders.
  • The largest Shopify buyer in Q1 2018 was Fidelity Investments, an estimated $363M added.
  • The largest Shopify seller in Q1 2018 was Susquehanna International Group, an estimated $50M sold.

Based on aggregated 13F filings for Q1 2018.