Shopify
SHOP
1,888 hedge funds and large institutions have $138B invested in Shopify in 2025 Q4 according to their latest regulatory filings, with 319 funds opening new positions, 646 increasing their positions, 661 reducing their positions, and 115 closing their positions.
177% more first-time investments, than exits
New positions opened: 319 | Existing positions closed: 115
41% more call options, than puts
Call options by funds: $5.43B | Put options by funds: $3.84B
12% more capital invested
Capital invested by funds: $123B → $138B (+$14.9B)
10% more funds holding
Funds holding: 1,720 → 1,888 (+168)
2.29% more ownership
Funds ownership: 67.98% → 70.27% (+2.3%)
1% more funds holding in top 10
Funds holding in top 10: 71 → 72 (+1)
2% less repeat investments, than reductions
Existing positions increased: 646 | Existing positions reduced: 661
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$4.61B |
| 2 |
WCM Investment Management
Laguna Beach,
California
|
+$1.08B |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$702M |
| 4 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$543M |
| 5 |
Goldman Sachs
New York
|
+$513M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$1.22B |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$930M |
| 3 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$680M |
| 4 |
Polen Capital Management
Boca Raton,
Florida
|
-$620M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$466M |
SHOP Hedge Fund Activity: Q4 2025 in Review
1,888 institutional investors reported a position in Shopify (SHOP) for Q4 2025, worth a combined $138B — up 12% from $123B a quarter earlier.
Buyers outnumbered sellers: 319 funds opened new SHOP positions and 115 closed out — a net gain of 204 holders — while 646 added to existing stakes and 661 trimmed.
The largest buyer was Invesco, adding an estimated $4.61B. The largest seller was Capital Research Global Investors, cutting an estimated $1.22B.
- 1,888 institutional investors held Shopify (SHOP) as of Q4 2025, up from 1,720 in Q3 2025.
- Funds reported $138B of Shopify stock for Q4 2025, up 12% quarter-over-quarter.
- 319 funds opened new Shopify positions in Q4 2025 and 115 closed out, a net change of +204 holders.
- The largest Shopify buyer in Q4 2025 was Invesco, an estimated $4.61B added.
- The largest Shopify seller in Q4 2025 was Capital Research Global Investors, an estimated $1.22B sold.
Based on aggregated 13F filings for Q4 2025.