SHOPIFY INC SHOP
CL A SUB VTG SHS · Common Stock · CUSIP 82509L107 · ISIN CA82509L1076
Canadian e-commerce company
- SectorTechnology
- IndustryServices-Prepackaged Software
- HeadquartersOttawa, Canada
- Founded2006
- Websiteshopify.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($587.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $66.25. Options: 74 managers hold calls ($2.6bn notional), 60 hold puts ($1.8bn).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 886 |
| Q4 2022 | 976 |
| Q1 2023 | 1,028 |
| Q2 2023 | 1,128 |
| Q3 2023 | 1,082 |
| Q4 2023 | 1,215 |
| Q1 2024 | 1,222 |
| Q2 2024 | 1,213 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 431 | 455 |
| Q1 2023 | 507 | 429 |
| Q2 2023 | 515 | 503 |
| Q3 2023 | 475 | 517 |
| Q4 2023 | 544 | 525 |
| Q1 2024 | 550 | 540 |
| Q2 2024 | 669 | 496 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $2.0bn | $2.0bn | 1.01 |
| Q4 2023 | $3.8bn | $3.0bn | 0.77 |
| Q1 2024 | $2.9bn | $1.9bn | 0.66 |
| Q2 2024 | $2.6bn | $1.8bn | 0.70 |
Biggest buyers
| POLEN CAPITAL MANAGEMENT LLC | Added | +13.9m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +11.3m |
| Capital International Investors | Added | +10.7m |
| JANUS HENDERSON GROUP PLC | Added | +4.1m |
| AMERIPRISE FINANCIAL INC | Added | +2.7m |
| VANGUARD GROUP INC | Added | +2.7m |
| FMR LLC | Added | +2.6m |
| Capital Research Global Investors | Added | +2.5m |
| ROYAL BANK OF CANADA | Added | +2.5m |
| Artisan Partners Limited Partnership | Added | +2.4m |
Biggest sellers
| MORGAN STANLEY | Reduced | -104.7m |
| GQG Partners LLC | Sold out | -20.9m |
| JPMORGAN CHASE & CO | Reduced | -13.0m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -7.6m |
| BAILLIE GIFFORD & CO | Reduced | -6.2m |
| FIL Ltd | Reduced | -3.6m |
| Invesco Ltd. | Reduced | -3.2m |
| LORD, ABBETT & CO. LLC | Reduced | -3.1m |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -2.9m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Reduced | -2.0m |
Biggest calls
| CIBC WORLD MARKET INC. | Added | $779.7m11.8m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $445.7m6.7m shares |
| CITADEL ADVISORS LLC | Added | $270.9m4.1m shares |
| IMC-Chicago, LLC | Added | $119.5m1.8m shares |
| SIMPLEX TRADING, LLC | Reduced | $110.5m1.7m shares |
| WOLVERINE TRADING, LLC | Added | $76.6m1.2m shares |
| BARCLAYS PLC | Added | $69.0m1.0m shares |
| JANE STREET GROUP, LLC | Reduced | $68.2m1.0m shares |
| Squarepoint Ops LLC | Added | $67.0m1.0m shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $57.4m868.3k shares |
Biggest puts
| JANE STREET GROUP, LLC | Added | $257.0m3.9m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $247.2m3.7m shares |
| CITADEL ADVISORS LLC | Added | $242.2m3.7m shares |
| IMC-Chicago, LLC | Added | $115.5m1.7m shares |
| D. E. Shaw & Co., Inc. | Added | $107.2m1.6m shares |
| UBS Group AG | Reduced | $81.8m1.2m shares |
| SIMPLEX TRADING, LLC | Reduced | $66.2m1.0m shares |
| Walleye Trading LLC | Added | $64.3m974.1k shares |
| JPMORGAN CHASE & CO | Added | $62.6m948.4k shares |
| Walleye Capital LLC | Added | $52.3m792.2k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution +0.7 pts · filed 2026-07-30 | 5.1% |
Insider purchases and sales in Q2 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| BAILLIE GIFFORD & CO 2.84% of their portfolio | 55.2m $3.6bn | Reduced -6.2m |
| JPMORGAN CHASE & CO 0.15% of their portfolio | 52.2m $3.5bn | Reduced -13.0m |
| Capital World Investors 0.52% of their portfolio | 48.7m $3.2bn | Reduced -1.1m |
| MORGAN STANLEY 0.25% of their portfolio | 48.5m $3.2bn | Reduced -104.7m |
| VANGUARD GROUP INC 0.06% of their portfolio | 45.5m $3.0bn | Added +2.7m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.36% of their portfolio | 45.5m $3.0bn | Added +11.3m |
| FMR LLC 0.15% of their portfolio | 36.4m $2.4bn | Added +2.6m |
| Capital Research Global Investors 0.53% of their portfolio | 36.3m $2.4bn | Added +2.5m |
| Capital International Investors 0.37% of their portfolio | 27.1m $1.8bn | Added +10.7m |
| ROYAL BANK OF CANADA 0.36% of their portfolio | 22.5m $1.5bn | Added +2.5m |
| LOOMIS SAYLES & CO L P 1.41% of their portfolio | 15.5m $1.0bn | Added +2.1m |
| SANDS CAPITAL MANAGEMENT, LLC 2.86% of their portfolio | 14.7m $973.3m | Added +1.5m |
| POLEN CAPITAL MANAGEMENT LLC 2.44% of their portfolio | 14.7m $972.4m | Added +13.9m |
| NORGES BANK 0.14% of their portfolio | 14.2m $939.9m | Added +658.0k |
| FRANKLIN RESOURCES INC 0.25% of their portfolio | 12.3m $812.7m | Added +581.9k |
| BANK OF MONTREAL /CAN/ 0.22% of their portfolio | 11.3m $740.3m | Added +354.7k |
| BANK OF AMERICA CORP /DE/ 0.07% of their portfolio | 10.6m $698.6m | Added +675.3k |
| FIL Ltd 0.65% of their portfolio | 9.9m $654.8m | Reduced -3.6m |
| Artisan Partners Limited Partnership 0.90% of their portfolio | 9.0m $591.3m | Added +2.4m |
| TD Asset Management Inc 0.53% of their portfolio | 8.7m $572.3m | Added +559.9k |
| CIBC WORLD MARKET INC. 1.41% of their portfolio | 8.6m $569.5m | Added +1.9m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.49% of their portfolio | 8.5m $558.4m | Reduced -7.6m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.48% of their portfolio | 7.7m $510.0m | Added +533.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.08% of their portfolio | 7.0m $463.5m | Reduced -1.1m |
| Newlands Management Operations LLC 3.44% of their portfolio | 6.3m $417.8m | Unchanged |
| MACKENZIE FINANCIAL CORP 0.62% of their portfolio | 6.3m $417.4m | Added +2.1m |
| Legal & General Group Plc 0.12% of their portfolio | 6.3m $414.2m | Added +151.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.29% of their portfolio | 6.0m $399.4m | Reduced -1.5m |
| Amova Asset Management Americas, Inc. 4.58% of their portfolio | 6.0m $397.2m | Added +1.4m |
| Connor, Clark & Lunn Investment Management Ltd. 1.61% of their portfolio | 5.8m $384.2m | Reduced -1.1m |
| NATIONAL BANK OF CANADA /FI/ 0.59% of their portfolio | 5.8m $379.5m | Added +249.8k |
| Nuveen Asset Management, LLC 0.11% of their portfolio | 5.7m $376.3m | Added +359.0k |
| BANK OF NOVA SCOTIA 0.73% of their portfolio | 5.6m $370.0m | Reduced -855.8k |
| GOLDMAN SACHS GROUP INC 0.07% of their portfolio | 5.4m $358.5m | Added +847.9k |
| ARK Investment Management LLC 2.91% of their portfolio | 5.0m $328.1m | Added +372.8k |
| BlackRock Inc. 0.01% of their portfolio | 4.9m $325.6m | Reduced -1.6m |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 4.9m $324.6m | Added +229.6k |
| CIBC Asset Management Inc 1.11% of their portfolio | 4.7m $311.8m | Added +145.8k |
| Clearbridge Investments, LLC 0.25% of their portfolio | 4.7m $311.4m | Added +1.7m |
| SCGE MANAGEMENT, L.P. 5.87% of their portfolio | 4.5m $300.3m | Reduced -755.0k |
| AMERIPRISE FINANCIAL INC 0.08% of their portfolio | 4.4m $295.4m | Added +2.7m |
| JARISLOWSKY, FRASER Ltd 1.78% of their portfolio | 4.4m $293.2m | Added +667.6k |
| JANUS HENDERSON GROUP PLC 0.15% of their portfolio | 4.2m $278.6m | Added +4.1m |
| Bank of New York Mellon Corp 0.05% of their portfolio | 4.2m $277.1m | Reduced -949.0k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.26% of their portfolio | 4.0m $263.5m | Reduced -70.0k |
| COATUE MANAGEMENT LLC 0.96% of their portfolio | 3.7m $245.6m | Added +66.7k |
| Swiss National Bank 0.16% of their portfolio | 3.6m $239.3m | Reduced -17.1k |
| VOYA INVESTMENT MANAGEMENT LLC 0.20% of their portfolio | 3.1m $203.3m | Reduced -2.9m |
| MARSHALL WACE, LLP 0.28% of their portfolio | 3.0m $200.0m | Reduced -568.8k |
| ZEVENBERGEN CAPITAL INVESTMENTS LLC 4.01% of their portfolio | 2.8m $187.5m | Added +291.8k |
| Ashe Capital Management, LP 15.28% of their portfolio | 2.8m $185.1m | Unchanged |
| Durable Capital Partners LP 1.52% of their portfolio | 2.8m $184.6m | Added +1.7m |
| TORONTO DOMINION BANK 0.28% of their portfolio | 2.7m $177.3m | Reduced -224.6k |
| Pictet Asset Management Holding SA 0.20% of their portfolio | 2.7m $175.8m | Reduced -106.3k |
| BAMCO INC /NY/ 0.49% of their portfolio | 2.6m $171.7m | Added +393.9k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 1.02% of their portfolio | 2.6m $169.7m | Added +299.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.05% of their portfolio | 2.5m $166.6m | Reduced -34.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.05% of their portfolio | 2.5m $164.4m | Added +1.6m |
| WELLS FARGO & COMPANY/MN 0.04% of their portfolio | 2.4m $158.7m | Added +846.1k |
| Amundi 0.06% of their portfolio | 2.4m $160.4m | Added +1.1m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 2.3m $150.6m | New |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.38% of their portfolio | 2.2m $147.5m | Added +733.0k |
| Mirova US LLC 1.67% of their portfolio | 2.0m $133.8m | Added +34.6k |
| SEI INVESTMENTS CO 0.18% of their portfolio | 2.0m $129.4m | Added +862.3k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.34% of their portfolio | 2.0m $129.2m | Added +26.8k |
| Barton Investment Management 16.75% of their portfolio | 1.9m $125.9m | Reduced -135.9k |
| Alberta Investment Management Corp 1.33% of their portfolio | 1.9m $125.6m | Added +735.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio | 1.8m $118.5m | Added +867.4k |
| DEUTSCHE BANK AG\ 0.05% of their portfolio | 1.8m $116.9m | Added +251.0k |
| UBS Group AG 0.04% of their portfolio | 1.7m $115.5m | Added +156.3k |
| AGF MANAGEMENT LTD 0.63% of their portfolio | 1.7m $114.1m | Reduced -7.4k |
| Strategy Capital LLC 10.78% of their portfolio | 1.7m $109.8m | Added +10.6k |
| FEDERATED HERMES, INC. 0.24% of their portfolio | 1.5m $102.2m | Added +7.3k |
| Russell Investments Group, Ltd. 0.16% of their portfolio | 1.5m $100.1m | Reduced -167.8k |
| MUFG Securities EMEA plc 4.44% of their portfolio | 1.5m $99.5m | Added +1.5m |
| Quadrature Capital Ltd 1.63% of their portfolio | 1.5m $97.3m | Added +334.4k |
| RAYMOND JAMES & ASSOCIATES 0.06% of their portfolio | 1.5m $96.1m | Added +419.9k |
| AMERICAN CENTURY COMPANIES INC 0.06% of their portfolio | 1.4m $95.4m | Added +547.7k |
| Caisse de depot et placement du Quebec 0.23% of their portfolio | 1.4m $93.1m | Added +88.0k |
| CITADEL ADVISORS LLC 0.09% of their portfolio | 1.3m $88.9m | Added +17.6k |
| GILDER GAGNON HOWE & CO LLC 1.09% of their portfolio | 1.3m $86.7m | Added +488 |
| TCW GROUP INC 0.77% of their portfolio | 1.3m $85.7m | Added +1.2m |
| NATIXIS ADVISORS, LLC 0.18% of their portfolio | 1.3m $83.5m | Added +210.6k |
| PUBLIC INVESTMENT FUND 0.47% of their portfolio | 1.2m $82.6m | Unchanged |
| SOMA EQUITY PARTNERS LP 4.72% of their portfolio | 1.2m $82.0m | New |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.2m $79.4m | Added +588.1k |
| LORD, ABBETT & CO. LLC 0.13% of their portfolio | 1.1m $75.7m | Reduced -3.1m |
| FIRST TRUST ADVISORS LP 0.08% of their portfolio | 1.1m $74.9m | Added +220.4k |
| BARCLAYS PLC 0.03% of their portfolio | 1.1m $74.4m | Reduced -1.3m |
| Rathbones Group PLC 0.40% of their portfolio | 1.1m $74.0m | Added +278.3k |
| JANE STREET GROUP, LLC 0.08% of their portfolio | 1.1m $73.7m | Added +690.9k |
| Ensign Peak Advisors, Inc 0.13% of their portfolio | 1.1m $72.4m | Reduced -541.9k |
| Polar Capital Holdings Plc 0.42% of their portfolio | 1.1m $71.5m | Reduced -520.9k |
| Select Equity Group, L.P. 0.28% of their portfolio | 1.1m $71.3m | Reduced -769.1k |
| Contour Asset Management LLC 2.36% of their portfolio | 1.1m $69.8m | New |
| AVIVA PLC 0.19% of their portfolio | 1.0m $69.2m | Added +276.0k |
| Korea Investment CORP 0.17% of their portfolio | 1.0m $68.0m | Reduced -16.3k |
| BESSEMER GROUP INC 0.12% of their portfolio | 1.0m $67.1m | Reduced -2.2k |
| Federation des caisses Desjardins du Quebec 0.36% of their portfolio | 1.0m $68.0m | Added +742.6k |
| Mitsubishi UFJ Trust & Banking Corp 0.16% of their portfolio | 1.0m $66.3m | Reduced -143.8k |