Shopify
SHOP
1,125 hedge funds and large institutions have $50.6B invested in Shopify in 2023 Q2 according to their latest regulatory filings, with 184 funds opening new positions, 347 increasing their positions, 422 reducing their positions, and 80 closing their positions.
130% more first-time investments, than exits
New positions opened: 184 | Existing positions closed: 80
37% more capital invested
Capital invested by funds: $36.9B → $50.6B (+$13.7B)
26% more funds holding in top 10
Funds holding in top 10: 35 → 44 (+9)
10% more funds holding
Funds holding: 1,026 → 1,125 (+99)
1.07% more ownership
Funds ownership: 64.21% → 65.28% (+1.1%)
17% less call options, than puts
Call options by funds: $2B | Put options by funds: $2.4B
18% less repeat investments, than reductions
Existing positions increased: 347 | Existing positions reduced: 422
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$576M |
| 2 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$553M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$269M |
| 4 |
JP Morgan Chase
New York
|
+$225M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$200M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$796M |
| 2 |
Sands Capital Management
Arlington,
Virginia
|
-$412M |
| 3 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$315M |
| 4 |
AIM
ARK Investment Management
St. Petersburg,
Florida
|
-$289M |
| 5 |
Sumitomo Mitsui Trust Group
Minato-Ku, Tokyo,
Japan
|
-$201M |
SHOP Hedge Fund Activity: Q2 2023 in Review
1,125 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Shopify (SHOP) for Q2 2023, worth a combined $50.6B — up 37% from $36.9B a quarter earlier.
Buyers outnumbered sellers: 184 funds opened new SHOP positions and 80 closed out — a net gain of 104 holders — while 347 added to existing stakes and 422 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $576M. The largest seller was Capital Research Global Investors, cutting an estimated $796M.
- 1,125 institutional investors held Shopify (SHOP) as of Q2 2023, up from 1,026 in Q1 2023.
- Funds reported $50.6B of Shopify stock for Q2 2023, up 37% quarter-over-quarter.
- 184 funds opened new Shopify positions in Q2 2023 and 80 closed out, a net change of +104 holders.
- The largest Shopify buyer in Q2 2023 was Fidelity Investments, an estimated $576M added.
- The largest Shopify seller in Q2 2023 was Capital Research Global Investors, an estimated $796M sold.
Based on aggregated 13F filings for Q2 2023.