Shopify
SHOP
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.
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: 1,124 → 1,076 (-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: 44 → 33 (-11)
29% less first-time investments, than exits
New positions opened: 96 | Existing positions closed: 135
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$359M |
| 2 |
Coatue Management
New York
|
+$340M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$315M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$302M |
| 5 |
BlackRock
New York
|
+$202M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$367M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
-$264M |
| 3 |
Morgan Stanley
New York
|
-$227M |
| 4 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$170M |
| 5 |
SM
SCGE Management
Menlo Park,
California
|
-$157M |
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.