We are live on ! Find out more
SHOP icon

Shopify

1,076 hedge funds and large institutions have $42.6B invested in Shopify in 2023 Q3 according to their latest regulatory filings, with 96 funds opening new positions, 391 increasing their positions, 379 reducing their positions, and 135 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% more repeat investments, than reductions

Existing positions increased: 391 | Existing positions reduced: 379

1% less call options, than puts

Call options by funds: $1.95B | Put options by funds: $1.97B

0.73% less ownership

Funds ownership: 65.28%64.55% (-0.73%)

4% less funds holding

Funds holding: 1,1241,076 (-48)

16% less capital invested

Capital invested by funds: $50.6B → $42.6B (-$8.02B)

25% less funds holding in top 10

Funds holding in top 10: 4433 (-11)

29% less first-time investments, than exits

New positions opened: 96 | Existing positions closed: 135

Holders
1,076
Holders Change
-48
Holders Change %
-4.27%
% of All Funds
17.08%
Holding in Top 10
33
Holding in Top 10 Change
-11
Holding in Top 10 Change %
-25%
% of All Funds
0.52%
New
96
Increased
391
Reduced
379
Closed
135
Calls
$1.95B
Puts
$1.97B
Net Calls
-$13.2M
Net Calls Change
+$389M
Name Holding Trade Value Shares
Change
Change in
Stake
Baillie Gifford & Co
1
Baillie Gifford & Co
United Kingdom
$3.42B -$170M -2,805,782 -4%
Morgan Stanley
2
Morgan Stanley
New York
$3.25B -$227M -3,751,964 -6%
Capital Research Global Investors
3
Capital Research Global Investors
California
$2.34B -$264M -4,354,670 -9%
Vanguard Group
4
Vanguard Group
Pennsylvania
$2.23B +$38.5M +634,883 +2%
Fidelity Investments
5
Fidelity Investments
Massachusetts
$1.97B +$302M +4,983,651 +16%
T. Rowe Price Associates
6
T. Rowe Price Associates
Maryland
$1.75B -$93.9M -1,550,208 -5%
Capital World Investors
7
Capital World Investors
California
$1.67B +$146M +2,412,852 +9%
JP Morgan Chase
8
JP Morgan Chase
New York
$1.59B +$359M +5,928,699 +25%
Royal Bank of Canada
9
Royal Bank of Canada
Ontario, Canada
$1.33B -$76.4M -1,260,339 -5%
Sands Capital Management
10
Sands Capital Management
Virginia
$860M -$36.2M -597,189 -4%
Bank of Montreal
11
Bank of Montreal
Ontario, Canada
$811M -$20M -329,839 -2%
Capital International Investors
12
Capital International Investors
California
$788M +$49M +808,174 +6%
Loomis, Sayles & Company
13
Loomis, Sayles & Company
Massachusetts
$754M -$30.9M -510,286 -4%
Fidelity International
14
Fidelity International
Bermuda
$713M -$132M -2,172,086 -14%
Franklin Resources
15
Franklin Resources
California
$710M +$110M +1,819,689 +16%
Norges Bank
16
Norges Bank
Norway
$709M +$20.1M +331,538 +3%
Wellington Management Group
17
Wellington Management Group
Massachusetts
$596M +$315M +5,192,685 +91%
Bank of America
18
Bank of America
North Carolina
$517M +$75.7M +1,249,651 +15%
Sumitomo Mitsui Trust Group
19
Sumitomo Mitsui Trust Group
Japan
$484M -$36M -593,642 -6%
Connor, Clark & Lunn Investment Management (CC&L)
20
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$455M -$63.7M -1,050,653 -11%
Manulife (Manufacturers Life Insurance)
21
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$432M +$115M +1,890,342 +32%
National Bank of Canada
22
National Bank of Canada
Quebec, Canada
$423M -$44.5M -734,873 -9%
JFL
23
Jarislowsky, Fraser Ltd
Quebec, Canada
$421M -$98M -1,616,662 -17%
VOYA Investment Management
24
VOYA Investment Management
Georgia
$402M +$84.2M +1,389,627 +23%
TD Asset Management
25
TD Asset Management
Ontario, Canada
$389M +$18.2M +299,788 +4%

SHOP Hedge Fund Activity: Q3 2023 in Review

1,076 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Shopify (SHOP) for Q3 2023, worth a combined $42.6B — down 16% from $50.6B a quarter earlier.

Sellers outnumbered buyers: 135 funds closed out of SHOP and 96 opened new positions — a net loss of 39 holders — while 379 trimmed existing stakes and 391 added.

The largest buyer was JP Morgan Chase, adding an estimated $359M. The largest seller was Bank of Nova Scotia, cutting an estimated $367M.

  • 1,076 institutional investors held Shopify (SHOP) as of Q3 2023, down from 1,124 in Q2 2023.
  • Funds reported $42.6B of Shopify stock for Q3 2023, down 16% quarter-over-quarter.
  • 96 funds opened new Shopify positions in Q3 2023 and 135 closed out, a net change of -39 holders.
  • The largest Shopify buyer in Q3 2023 was JP Morgan Chase, an estimated $359M added.
  • The largest Shopify seller in Q3 2023 was Bank of Nova Scotia, an estimated $367M sold.

Based on aggregated 13F filings for Q3 2023.