Shopify
SHOP
1,225 hedge funds and large institutions have $61.5B invested in Shopify in 2024 Q1 according to their latest regulatory filings, with 125 funds opening new positions, 446 increasing their positions, 440 reducing their positions, and 99 closing their positions.
52% more call options, than puts
Call options by funds: $2.85B | Put options by funds: $1.87B
26% more first-time investments, than exits
New positions opened: 125 | Existing positions closed: 99
1% more repeat investments, than reductions
Existing positions increased: 446 | Existing positions reduced: 440
1% more funds holding
Funds holding: 1,213 → 1,225 (+12)
1.04% less ownership
Funds ownership: 67.12% → 66.08% (-1%)
14% less capital inflows, than outflows
Capital inflows: $4.94B | Capital outflows: $5.78B
20% less funds holding in top 10
Funds holding in top 10: 40 → 32 (-8)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GQG Partners
Ft. Lauderdale,
Florida
|
+$1.1B |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$817M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$473M |
| 4 |
JP Morgan Chase
New York
|
+$218M |
| 5 |
Mirova US
Boston,
Massachusetts
|
+$157M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$610M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$383M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
-$352M |
| 4 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$219M |
| 5 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$212M |
SHOP Hedge Fund Activity: Q1 2024 in Review
1,225 of the 6,966 institutional investors tracked by Wall St. Rank reported a position in Shopify (SHOP) for Q1 2024, worth a combined $61.5B — down 2.4% from $63.1B a quarter earlier.
Buyers outnumbered sellers: 125 funds opened new SHOP positions and 99 closed out — a net gain of 26 holders — while 446 added to existing stakes and 440 trimmed.
The largest buyer was GQG Partners, adding an estimated $1.1B. The largest seller was Royal Bank of Canada, cutting an estimated $610M.
- 1,225 institutional investors held Shopify (SHOP) as of Q1 2024, up from 1,213 in Q4 2023.
- Funds reported $61.5B of Shopify stock for Q1 2024, down 2.4% quarter-over-quarter.
- 125 funds opened new Shopify positions in Q1 2024 and 99 closed out, a net change of +26 holders.
- The largest Shopify buyer in Q1 2024 was GQG Partners, an estimated $1.1B added.
- The largest Shopify seller in Q1 2024 was Royal Bank of Canada, an estimated $610M sold.
Based on aggregated 13F filings for Q1 2024.