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 ($1.0bn this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $114.65. Options: 62 managers hold calls ($6.2bn notional), 66 hold puts ($3.4bn).
Trends to Q2 2026
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 |
| Q3 2024 | 1,264 |
| Q4 2024 | 1,491 |
| Q1 2025 | 1,481 |
| Q2 2025 | 1,556 |
| Q3 2025 | 1,718 |
| Q4 2025 | 1,889 |
| Q1 2026 | 1,737 |
| Q2 2026 | 1,709 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 604 | 531 |
| Q4 2024 | 643 | 595 |
| Q1 2025 | 683 | 696 |
| Q2 2025 | 775 | 638 |
| Q3 2025 | 813 | 703 |
| Q4 2025 | 833 | 774 |
| Q1 2026 | 818 | 911 |
| Q2 2026 | 767 | 816 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $4.7bn | $3.4bn | 0.73 |
| Q4 2025 | $5.5bn | $4.0bn | 0.73 |
| Q1 2026 | $5.5bn | $3.5bn | 0.63 |
| Q2 2026 | $6.2bn | $3.4bn | 0.54 |
Biggest buyers
| BAMCO INC /NY/ | Added | +6.4m |
| Capital International Investors | Added | +4.8m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +2.8m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +2.5m |
| ROYAL BANK OF CANADA | Added | +1.9m |
| CITADEL ADVISORS LLC | Added | +1.6m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +1.6m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +1.4m |
| Durable Capital Partners LP | Added | +1.4m |
| TORONTO DOMINION BANK | Added | +1.4m |
Biggest sellers
| JENNISON ASSOCIATES LLC | Reduced | -9.5m |
| WCM INVESTMENT MANAGEMENT, LLC | Reduced | -6.7m |
| Capital Research Global Investors | Reduced | -4.2m |
| BlackRock, Inc. | Reduced | -3.1m |
| NATIONAL BANK OF CANADA /FI/ | Reduced | -2.8m |
| Nuveen, LLC | Reduced | -2.4m |
| JPMORGAN CHASE & CO | Reduced | -2.2m |
| ICONIQ Capital, LLC | Reduced | -2.2m |
| EDGEWOOD MANAGEMENT LLC | Reduced | -2.0m |
| POLEN CAPITAL MANAGEMENT LLC | Reduced | -1.7m |
Biggest calls
| JANE STREET GROUP, LLC | Added | $1.9bn16.3m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.1bn9.8m shares |
| 1832 Asset Management L.P. | Reduced | $525.2m4.6m shares |
| ALKEON CAPITAL MANAGEMENT LLC | Added | $513.8m4.5m shares |
| BARCLAYS PLC | Added | $474.8m4.2m shares |
| CITADEL ADVISORS LLC | Added | $463.4m4.1m shares |
| IMC-Chicago, LLC | Added | $432.4m3.8m shares |
| GROUP ONE TRADING LLC | Added | $156.1m1.4m shares |
| Walleye Trading LLC | Added | $75.4m660.0k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $60.6m530.9k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $602.2m5.3m shares |
| JANE STREET GROUP, LLC | Reduced | $387.2m3.4m shares |
| CITADEL ADVISORS LLC | Added | $338.1m3.0m shares |
| IMC-Chicago, LLC | Reduced | $230.0m2.0m shares |
| TORONTO DOMINION BANK | Added | $199.2m1.7m shares |
| Hudson Bay Capital Management LP | Added | $138.8m1.2m shares |
| BARCLAYS PLC | Reduced | $125.3m1.1m shares |
| JPMORGAN CHASE & CO | Added | $117.5m1.0m shares |
| ExodusPoint Capital Management, LP | New | $114.2m1.0m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $95.6m825.0k 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 since 1 Apr 2026
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 since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Capital International Investors 1.30% of their portfolio | 54.9m $6.3bn | Added +4.8m |
| FMR LLC 0.23% of their portfolio | 47.2m $5.4bn | Added +1.3m |
| Invesco Ltd. 0.33% of their portfolio | 36.6m $4.2bn | Added +191.7k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.08% of their portfolio | 34.1m $3.9bn | Added +398.0k |
| Capital World Investors 0.46% of their portfolio | 34.1m $3.9bn | Added +390.7k |
| BAILLIE GIFFORD & CO 2.94% of their portfolio | 28.4m $3.2bn | Reduced -618.2k |
| MORGAN STANLEY 0.15% of their portfolio | 25.5m $2.9bn | Added +812.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.28% of their portfolio | 24.8m $2.8bn | Reduced -265.1k |
| ROYAL BANK OF CANADA 0.45% of their portfolio | 23.5m $2.7bn | Added +1.9m |
| FIL Ltd 1.58% of their portfolio | 19.3m $2.2bn | Added +1.0m |
| NORGES BANK 0.19% of their portfolio | 16.4m $1.9bn | Not comparable |
| JPMORGAN CHASE & CO 0.10% of their portfolio | 15.2m $1.7bn | Reduced -2.2m |
| LOOMIS SAYLES & CO L P 2.06% of their portfolio | 14.4m $1.6bn | Added +4.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.09% of their portfolio | 14.3m $1.7bn | Added +1.4m |
| BANK OF MONTREAL /CAN/ 0.57% of their portfolio | 13.8m $1.6bn | Added +716.3k |
| WELLINGTON MANAGEMENT GROUP LLP 0.23% of their portfolio | 11.9m $1.4bn | Added +2.8m |
| BANK OF AMERICA CORP /DE/ 0.08% of their portfolio | 11.4m $1.3bn | Added +259.1k |
| BAMCO INC /NY/ 1.91% of their portfolio | 11.2m $1.3bn | Added +6.4m |
| VANGUARD FIDUCIARY TRUST CO 0.27% of their portfolio | 10.9m $1.2bn | Added +87.2k |
| GOLDMAN SACHS GROUP INC 0.12% of their portfolio | 10.2m $1.2bn | Added +1.0m |
| NATIONAL BANK OF CANADA /FI/ 1.00% of their portfolio | 10.0m $1.1bn | Reduced -2.8m |
| MACKENZIE FINANCIAL CORP 1.22% of their portfolio | 9.6m $1.2bn | Reduced -388.2k |
| TD Asset Management Inc 0.92% of their portfolio | 9.3m $1.1bn | Reduced -294.1k |
| 1832 Asset Management L.P. 1.27% of their portfolio | 9.1m $1.0bn | Reduced -1.1m |
| CANADA PENSION PLAN INVESTMENT BOARD 0.56% of their portfolio | 8.9m $1.0bn | Added +619.9k |
| CIBC WORLD MARKET INC. 1.59% of their portfolio | 8.3m $947.9m | Reduced -447.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.72% of their portfolio | 8.0m $916.5m | Reduced -392.4k |
| ALLIANCEBERNSTEIN L.P. 0.31% of their portfolio | 7.8m $927.0m | Reduced -999.2k |
| Capital Research Global Investors 0.12% of their portfolio | 7.5m $855.4m | Reduced -4.2m |
| SANDS CAPITAL MANAGEMENT, LLC 3.07% of their portfolio | 7.2m $826.9m | Reduced -1.7m |
| FRANKLIN RESOURCES INC 0.17% of their portfolio | 6.9m $787.4m | Reduced -1.4m |
| JENNISON ASSOCIATES LLC 0.47% of their portfolio | 6.8m $781.7m | Reduced -9.5m |
| Newlands Management Operations LLC 4.36% of their portfolio | 6.3m $722.2m | Unchanged |
| Legal & General Group Plc 0.15% of their portfolio | 6.2m $704.8m | Reduced -181.3k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.24% of their portfolio | 6.0m $755.4m | Reduced -81.0k |
| Connor, Clark & Lunn Investment Management Ltd. 1.28% of their portfolio | 5.9m $675.0m | Reduced -478.7k |
| BlackRock, Inc. 0.01% of their portfolio | 5.8m $665.1m | Reduced -3.1m |
| Vanguard Global Advisers, LLC 0.28% of their portfolio | 5.2m $597.3m | Added +301.2k |
| POLEN CAPITAL MANAGEMENT LLC 4.50% of their portfolio | 4.6m $522.7m | Reduced -1.7m |
| TORONTO DOMINION BANK 0.84% of their portfolio | 4.4m $506.4m | Added +1.4m |
| CIBC Asset Management Inc 1.08% of their portfolio | 4.3m $493.8m | Added +2.7k |
| ARK Investment Management LLC 3.08% of their portfolio | 4.2m $474.5m | Reduced -21.7k |
| EDGEWOOD MANAGEMENT LLC 4.84% of their portfolio | 4.1m $468.9m | Reduced -2.0m |
| Artisan Partners Limited Partnership 0.76% of their portfolio | 4.1m $465.2m | Reduced -288.1k |
| BANK OF NOVA SCOTIA 0.70% of their portfolio | 4.0m $460.9m | Added +833.7k |
| Swiss National Bank 0.24% of their portfolio | 4.0m $452.0m | Reduced -152.6k |
| Bank of New York Mellon Corp 0.07% of their portfolio | 3.8m $436.1m | Added +323.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.39% of their portfolio | 3.8m $435.4m | Added +1.6m |
| VICTORY CAPITAL MANAGEMENT INC 0.24% of their portfolio | 3.7m $425.0m | Added +1.2m |
| UBS Group AG 0.07% of their portfolio | 3.7m $423.2m | Reduced -1.0m |
| BARCLAYS PLC 0.13% of their portfolio | 3.7m $417.4m | Added +16.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.23% of their portfolio | 3.6m $409.4m | Reduced -92.9k |
| Federation des caisses Desjardins du Quebec 1.21% of their portfolio | 3.5m $395.0m | Added +549.9k |
| DEUTSCHE BANK AG\ 0.11% of their portfolio | 3.4m $387.9m | Added +163.9k |
| Amova Asset Management Americas, Inc. 4.96% of their portfolio | 3.4m $384.5m | Reduced -91.5k |
| Jupiter Topco LLC 0.15% of their portfolio | 3.3m $374.5m | First filing |
| Clearbridge Investments, LLC 0.28% of their portfolio | 3.0m $340.8m | Reduced -56.2k |
| WELLS FARGO & COMPANY/MN 0.06% of their portfolio | 2.9m $327.3m | Reduced -206.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 2.8m $323.7m | Added +103.5k |
| Amundi 0.07% of their portfolio | 2.7m $310.6m | Reduced -480.5k |
| Nuveen, LLC 0.07% of their portfolio | 2.7m $306.3m | Reduced -2.4m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.05% of their portfolio | 2.6m $300.7m | Added +2.5m |
| Mirova US LLC 3.19% of their portfolio | 2.6m $296.9m | Reduced -71.0k |
| D. E. Shaw & Co., Inc. 0.17% of their portfolio | 2.4m $273.4m | Added +939.8k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.18% of their portfolio | 2.4m $272.9m | Added +255.9k |
| Durable Capital Partners LP 2.59% of their portfolio | 2.3m $266.7m | Added +1.4m |
| JANE STREET GROUP, LLC 0.17% of their portfolio | 2.3m $265.2m | Reduced -1.2m |
| SEI INVESTMENTS CO 0.22% of their portfolio | 2.2m $247.6m | Reduced -536.4k |
| PICTON MAHONEY ASSET MANAGEMENT 2.28% of their portfolio | 2.2m $246.9m | Added +28.2k |
| RAYMOND JAMES FINANCIAL INC 0.07% of their portfolio | 2.1m $244.9m | Reduced -53.5k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 1.53% of their portfolio | 2.1m $243.6m | Added +382.3k |
| CITADEL ADVISORS LLC 0.14% of their portfolio | 2.1m $235.8m | Added +1.6m |
| BROWN ADVISORY INC 0.34% of their portfolio | 1.9m $220.1m | Added +436.9k |
| Winslow Capital Management, LLC 0.75% of their portfolio | 1.9m $219.2m | Reduced -1.1m |
| FIRST TRUST ADVISORS LP 0.12% of their portfolio | 1.9m $211.7m | Added +676.8k |
| GILDER GAGNON HOWE & CO LLC 2.16% of their portfolio | 1.8m $209.6m | Reduced -319.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio | 1.8m $208.7m | Reduced -423.6k |
| Public Sector Pension Investment Board 0.53% of their portfolio | 1.8m $201.1m | Added +1.2m |
| Pictet Asset Management Holding SA 0.19% of their portfolio | 1.7m $198.8m | Added +117.4k |
| MUFG SECURITIES (CANADA), LTD. 5.31% of their portfolio | 1.7m $197.1m | Reduced -93.0k |
| NATIXIS ADVISORS, LLC 0.22% of their portfolio | 1.7m $195.5m | Reduced -172.1k |
| LPL Financial LLC 0.04% of their portfolio | 1.7m $189.4m | Added +192.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.10% of their portfolio | 1.7m $189.4m | Added +736.5k |
| MARSHALL WACE, LLP 0.16% of their portfolio | 1.6m $186.5m | Reduced -908.4k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.22% of their portfolio | 1.6m $185.7m | Reduced -87.2k |
| Strategy Capital LLC 11.28% of their portfolio | 1.6m $183.0m | Reduced -47.1k |
| Barton Investment Management 24.45% of their portfolio | 1.6m $180.5m | Reduced -22.4k |
| Russell Investments Group, Ltd. 0.16% of their portfolio | 1.6m $177.6m | Reduced -98.0k |
| Ashe Capital Management, LP 18.91% of their portfolio | 1.5m $176.1m | Reduced -105.0k |
| Rathbones Group PLC 0.64% of their portfolio | 1.5m $172.7m | Reduced -1.5m |
| SCOTIA CAPITAL INC. 0.63% of their portfolio | 1.5m $167.8m | Added +165.0k |
| Caisse de depot et placement du Quebec 0.23% of their portfolio | 1.4m $163.2m | Added +33.9k |
| TD Waterhouse Canada Inc. 0.45% of their portfolio | 1.4m $172.4m | Added +220.5k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.24% of their portfolio | 1.4m $160.5m | Added +404.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.07% of their portfolio | 1.3m $151.0m | Added +320.6k |
| AMERICAN CENTURY COMPANIES INC 0.06% of their portfolio | 1.3m $146.1m | Reduced -136.2k |
| NEUBERGER BERMAN GROUP LLC 0.10% of their portfolio | 1.3m $145.8m | Added +220.5k |
| Alberta Investment Management Corp 0.84% of their portfolio | 1.3m $145.7m | Added +347.4k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 1.3m $144.5m | Reduced -553.1k |
| ZEVENBERGEN CAPITAL INVESTMENTS LLC 3.09% of their portfolio | 1.2m $135.2m | Reduced -125.4k |