DaveManuel.com · Institutional Ownership · Who Owns It
SHOPIFY INC (SHOP)
Institutional ownership reported to the SEC as of Q2 2026, across 32 quarters.
1,737
Reporting holders
$104.4B
Reported value
6.0%
Calls
3.2%
Puts
-24
Holder change
Calls and puts are the parts of reported value carried in derivative lines rather than shares, and they point in opposite directions: a manager holding calls is positioned for the security, one holding puts against it - or hedging shares they already own, which is why index funds carry so many. Most sites add the two together and report one figure, which averages away the only interesting part.
Holders
| Filer | Value | Shares | Their book | Held | Change |
|---|---|---|---|---|---|
| Capital International Investors | $6.3B | 54,893,641 | 1.30% | 26q | +9.7%+$551.9M |
| FMR LLC | $5.4B | 47,175,518 | 0.23% | 31q | +2.9%+$153.3M |
| Invesco Ltd. | $4.2B | 36,570,929 | 0.33% | 31q | +0.5%+$21.9M |
| VANGUARD CAPITAL MANAGEMENT LLC | $3.9B | 34,133,098 | 0.08% | 2q | +1.2%+$45.5M |
| Capital World Investors | $3.9B | 34,087,544 | 0.46% | 31q | +1.2%+$44.6M |
| BAILLIE GIFFORD & CO | $3.2B | 28,403,600 | 2.94% | 31q | -2.1%-$70.6M |
| MORGAN STANLEY | $2.9B | 25,517,034 | 0.15% | 35q | +3.3%+$92.8M |
| PRICE T ROWE ASSOCIATES INC /MD/ | $2.8B | 24,751,765 | 0.28% | 31q | -1.1%-$30.3M |
| ROYAL BANK OF CANADA | $2.7B incl. $48.4M options CALL+PUT | 23,534,300 | 0.41% | 31q | +8.7%+$218.0M |
| JANE STREET GROUP, LLC | $2.5B incl. $2.2B options CALL+PUT | 2,322,857 | 0.21% | 31q | -33.6%-$1.3B |
| FIL Ltd | $2.2B | 19,275,482 | 1.58% | 31q | +5.8%+$120.0M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $2.2B incl. $1.7B options CALL+PUT | 3,812,940 | 0.17% | 31q | +69.2%+$880.6M |
| NORGES BANK | $1.9B | 16,410,473 | 0.19% | 32q | +1.1%+$21.2M |
| JPMORGAN CHASE & CO | $1.9B incl. $128.5M options CALL+PUT | 15,220,724 | 0.10% | 31q | -12.8%-$274.3M |
| GEODE CAPITAL MANAGEMENT, LLC | $1.7B | 14,338,616 | 0.09% | 29q | +11.1%+$166.3M |
| LOOMIS SAYLES & CO L P | $1.6B | 14,408,186 | 2.06% | 19q | HELD |
| BANK OF MONTREAL /CAN/ | $1.6B incl. $7.4M options PUT | 13,770,055 | 0.52% | 31q | +5.5%+$82.3M |
| 1832 Asset Management L.P. | $1.6B incl. $525.2M options CALL | 9,079,131 | 0.78% | 31q | -10.9%-$190.7M |
| WELLINGTON MANAGEMENT GROUP LLP | $1.4B | 11,852,596 | 0.23% | 31q | +30.7%+$317.9M |
| BANK OF AMERICA CORP /DE/ | $1.3B | 11,443,080 | 0.08% | 31q | +2.3%+$29.6M |
| BAMCO INC /NY/ | $1.3B | 11,155,546 | 1.91% | 27q | +136.4%+$735.0M |
| VANGUARD FIDUCIARY TRUST CO | $1.2B | 10,862,064 | 0.27% | 2q | +0.8%+$10.0M |
| GOLDMAN SACHS GROUP INC | $1.2B incl. $61.1M options PUT | 10,154,753 | 0.11% | 31q | +11.0%+$121.2M |
| NATIONAL BANK OF CANADA /FI/ | $1.1B incl. $5.3M options CALL+PUT | 10,020,663 | 0.82% | 19q | -21.8%-$319.9M |
| TD Asset Management Inc | $1.1B | 9,280,520 | 0.92% | 31q | -3.1%-$33.6M |
| CITADEL ADVISORS LLC | $1.0B incl. $801.5M options CALL+PUT | 2,065,064 | 0.12% | 31q | +391.1%+$826.1M |
| CANADA PENSION PLAN INVESTMENT BOARD | $1.0B | 8,932,140 | 0.56% | 31q | +7.5%+$70.8M |
| BARCLAYS PLC | $1.0B incl. $600.1M options CALL+PUT | 3,655,581 | 0.20% | 31q | HELD |
| CIBC WORLD MARKET INC. | $966.3M incl. $18.4M options CALL | 8,301,893 | 1.55% | 31q | -5.1%-$52.1M |
| ALLIANCEBERNSTEIN L.P. | $927.0M | 7,814,726 | 0.31% | 31q | -11.3%-$118.5M |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $916.5M | 8,026,490 | 0.72% | 31q | -4.7%-$44.8M |
| Capital Research Global Investors | $855.4M | 7,491,701 | 0.12% | 24q | -35.6%-$473.9M |
| SANDS CAPITAL MANAGEMENT, LLC | $826.9M | 7,242,079 | 3.07% | 31q | -19.0%-$193.4M |
| FRANKLIN RESOURCES INC | $787.4M | 6,892,527 | 0.17% | 31q | -16.7%-$157.6M |
| JENNISON ASSOCIATES LLC | $781.7M | 6,846,396 | 0.47% | 7q | -58.0%-$1.1B |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $755.4M | 5,950,335 | 0.24% | 28q | -1.3%-$10.3M |
| Newlands Management Operations LLC | $722.2M | 6,325,050 | 4.36% | 15q | HELD |
| TORONTO DOMINION BANK | $719.3M incl. $212.9M options CALL+PUT | 4,432,439 | 0.83% | 31q | +44.3%+$221.0M |
| Legal & General Group Plc | $704.8M | 6,162,904 | 0.15% | 31q | -2.9%-$20.7M |
| Connor, Clark & Lunn Investment Management Ltd. | $675.0M | 5,906,160 | 1.28% | 31q | -7.5%-$54.7M |
| BlackRock, Inc. | $665.1M | 5,824,991 | 0.01% | 8q | -34.5%-$349.7M |
| IMC-Chicago, LLC | $662.4M CALL+PUT | options only | 0.16% | 19q | OPTIONS |
| Vanguard Global Advisers, LLC | $597.3M | 5,221,153 | 0.28% | 2q | +6.1%+$34.5M |
| POLEN CAPITAL MANAGEMENT LLC | $522.7M | 4,577,524 | 4.50% | 21q | -27.4%-$197.4M |
| ALKEON CAPITAL MANAGEMENT LLC | $513.8M CALL | options only | 0.69% | 3q | OPTIONS |
| UBS Group AG | $497.6M incl. $74.4M options CALL+PUT | 3,706,397 | 0.06% | 31q | -21.7%-$137.5M |
| CIBC Asset Management Inc | $493.8M | 4,308,187 | 1.08% | 31q | HELD |
| ARK Investment Management LLC | $474.5M | 4,155,925 | 3.08% | 31q | -0.5%-$2.5M |
| EDGEWOOD MANAGEMENT LLC | $468.9M | 4,107,065 | 4.84% | 6q | -32.3%-$223.7M |
| Artisan Partners Limited Partnership | $465.2M | 4,074,005 | 0.74% | 16q | -6.6%-$32.9M |
| BANK OF NOVA SCOTIA | $461.7M incl. $570.9K options PUT | 4,031,656 | 0.70% | 31q | +26.1%+$95.7M |
| Swiss National Bank | $452.0M | 3,962,700 | 0.24% | 31q | -3.7%-$17.4M |
| Bank of New York Mellon Corp | $436.1M | 3,819,522 | 0.07% | 31q | +9.3%+$36.9M |
| VICTORY CAPITAL MANAGEMENT INC | $425.0M | 3,722,361 | 0.24% | 5q | +46.2%+$134.2M |
| Sumitomo Mitsui Trust Group, Inc. | $409.4M | 3,585,720 | 0.23% | 31q | -2.5%-$10.6M |
| Federation des caisses Desjardins du Quebec | $395.0M | 3,469,946 | 1.21% | 38q | +18.8%+$62.6M |
| DEUTSCHE BANK AG\ | $387.9M | 3,396,901 | 0.11% | 34q | +5.1%+$18.7M |
| Amova Asset Management Americas, Inc. | $384.5M | 3,366,810 | 4.96% | 24q | -2.6%-$10.4M |
| Jupiter Topco LLC | $374.5M | 3,279,616 | 0.15% | new | FIRST |
| Clearbridge Investments, LLC | $340.8M | 2,984,845 | 0.28% | 31q | -1.8%-$6.4M |
| WELLS FARGO & COMPANY/MN | $327.3M | 2,866,960 | 0.05% | 31q | -6.7%-$23.5M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $323.7M | 2,830,240 | 0.04% | 9q | +3.8%+$11.8M |
| D. E. Shaw & Co., Inc. | $319.6M incl. $46.2M options CALL+PUT | 2,394,385 | 0.15% | 31q | +64.6%+$125.4M |
| Amundi | $310.6M | 2,720,427 | 0.07% | 21q | -15.0%-$54.9M |
| Nuveen, LLC | $306.3M | 2,678,971 | 0.07% | 6q | -47.3%-$275.4M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $300.7M | 2,633,169 | 0.05% | 11q | +1646.8%+$283.4M |
| Mirova US LLC | $296.9M | 2,600,237 | 3.19% | 10q | -2.7%-$8.1M |
| PICTON MAHONEY ASSET MANAGEMENT | $275.5M incl. $28.5M options CALL | 2,163,787 | 2.04% | 6q | +1.3%+$3.6M |
| VANGUARD ASSET MANAGEMENT, Ltd | $272.9M | 2,385,151 | 0.18% | 2q | +12.0%+$29.3M |
| Durable Capital Partners LP | $266.7M | 2,335,694 | 2.59% | 11q | +140.3%+$155.7M |
| Hudson Bay Capital Management LP | $260.6M incl. $138.8M options PUT | 1,066,000 | 0.71% | 4q | +12.2%+$28.4M |
| SEI INVESTMENTS CO | $247.6M | 2,168,217 | 0.22% | 31q | -19.8%-$61.2M |
| RAYMOND JAMES FINANCIAL INC | $244.9M | 2,144,798 | 0.07% | 7q | -2.4%-$6.1M |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp | $243.6M | 2,131,695 | 1.53% | 31q | +21.9%+$43.7M |
| ExodusPoint Capital Management, LP | $226.6M incl. $115.1M options CALL+PUT | 976,571 | 1.46% | new | NEW |
| MARSHALL WACE, LLP | $220.4M incl. $33.9M options PUT | 1,633,517 | 0.17% | 18q | -35.7%-$122.6M |
| BROWN ADVISORY INC | $220.1M | 1,927,406 | 0.34% | 31q | +29.3%+$49.9M |
| Winslow Capital Management, LLC | $219.2M | 1,919,693 | 0.75% | 8q | -36.5%-$126.1M |
| FIRST TRUST ADVISORS LP | $211.7M | 1,853,916 | 0.12% | 31q | +57.5%+$77.3M |
| GILDER GAGNON HOWE & CO LLC | $209.6M | 1,835,426 | 2.16% | 31q | -14.8%-$36.5M |
| ENVESTNET ASSET MANAGEMENT INC | $208.7M | 1,827,570 | 0.05% | 31q | -18.8%-$48.4M |
| GROUP ONE TRADING LLC | $204.1M incl. $191.2M options CALL+PUT | 112,530 | 0.29% | 31q | HELD |
| Public Sector Pension Investment Board | $201.1M | 1,759,877 | 0.52% | 7q | +189.9%+$131.8M |
| Pictet Asset Management Holding SA | $198.8M | 1,740,052 | 0.19% | 12q | +7.2%+$13.4M |
| BNP PARIBAS FINANCIAL MARKETS | $198.1M incl. $8.8M options CALL+PUT | 1,658,388 | 0.07% | 15q | +79.9%+$88.0M |
| MUFG SECURITIES (CANADA), LTD. | $197.1M | 1,725,549 | 5.31% | 10q | -5.1%-$10.6M |
| NATIXIS ADVISORS, LLC | $195.5M | 1,712,569 | 0.22% | 31q | -9.1%-$19.6M |
| LPL Financial LLC | $190.1M incl. $742.2K options PUT | 1,658,508 | 0.04% | 31q | +13.1%+$22.1M |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $185.7M | 1,626,341 | 0.22% | 9q | -5.1%-$10.0M |
| MILLENNIUM MANAGEMENT LLC | $184.5M incl. $156.3M options CALL+PUT | 247,081 | 0.07% | 27q | +6.1%+$10.5M |
| Strategy Capital LLC | $183.0M | 1,602,908 | 11.28% | 31q | -2.9%-$5.4M |
| Barton Investment Management | $180.5M | 1,580,601 | 24.45% | 31q | -1.4%-$2.6M |
| Russell Investments Group, Ltd. | $177.6M | 1,554,830 | 0.16% | 31q | -5.9%-$11.2M |
| Ashe Capital Management, LP | $176.1M | 1,542,738 | 18.91% | 18q | -6.4%-$12.0M |
| Rathbones Group PLC | $172.7M | 1,512,628 | 0.64% | 26q | -49.9%-$172.3M |
| TD Waterhouse Canada Inc. | $172.4M | 1,414,866 | 0.45% | 19q | +18.5%+$26.9M |
| SCOTIA CAPITAL INC. | $167.8M | 1,470,808 | 0.63% | 31q | +12.6%+$18.8M |
| Caisse de depot et placement du Quebec | $163.2M | 1,426,749 | 0.23% | 23q | +2.4%+$3.9M |
| Optiver Holding B.V. | $161.5M incl. $140.1M options CALL+PUT | 186,794 | 0.04% | 15q | +271.2%+$118.0M |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $160.5M | 1,405,574 | 0.24% | 3q | +40.4%+$46.2M |
Showing the largest 100 of 1,739 reported holders. The count of 1,737 above leaves out 2 positions whose reported value failed our price check; they are listed here as filed.
Q2 2026 in brief
In Q2 2026, 1,737 managers that file Form 13F reported holding Shopify Inc (SHOP), $104.4B in all. 151 managers opened a position and 175 sold out completely, against 1,761 holders the quarter before. Largest holders: Capital International Investors, Fmr Llc and Invesco Ltd.. Largest new positions: Exoduspoint Capital Management, Lp ($226.6M), D1 Capital Partners L.P. ($94.9M) and Blue Sparrow, Llc /De ($70.8M).
Q2 2026 is the latest quarter whose 13F deadline has passed. A 13F shows long US stock positions at quarter end, filed up to 45 days later; an adviser and a sub-adviser can both report the same shares.
Quarter by quarter
Coverage begins with the quarter ending 2018-12-31. Earlier filings exist only as occasional late amendments, too sparse to describe a market, so they are not shown.
| Quarter | Holders | Value | Shares | New | Added | Trimmed | Options |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 681 | $3.4B | 22,253,268 | 93 | 184 | 205 | 0.9% |
| Q2 2026 | 1,737 | $104.4B | 828,042,643 | 134 | 607 | 633 | 9.2% |
| Q1 2026 | 1,761 | $108.3B | 834,619,564 | 148 | 642 | 599 | 8.3% |
| Q4 2025 | 1,907 | $148.2B | 861,852,777 | 190 | 608 | 626 | 6.5% |
| Q3 2025 | 1,742 | $136.7B | 864,506,749 | 257 | 533 | 577 | 6.0% |
| Q2 2025 | 1,584 | $105.5B | 866,052,080 | 206 | 544 | 486 | 5.3% |
| Q1 2025 | 1,490 | $84.6B | 848,753,464 | 136 | 507 | 513 | 4.3% |
| Q4 2024 | 1,516 | $97.2B | 848,488,386 | 223 | 403 | 506 | 7.1% |
| Q3 2024 | 1,285 | $73.6B | 849,193,282 | 143 | 442 | 420 | 7.5% |
| Q2 2024 | 1,228 | $60.1B | 841,582,727 | 142 | 509 | 341 | 7.3% |
| Q1 2024 | 1,232 | $76.9B | 935,114,793 | 105 | 420 | 419 | 6.2% |
| Q4 2023 | 1,236 | $76.5B | 894,943,657 | 180 | 352 | 405 | 8.9% |
| Q3 2023 | 1,095 | $46.8B | 782,376,136 | 89 | 369 | 358 | 8.4% |
| Q2 2023 | 1,142 | $55.3B | 787,432,077 | 177 | 330 | 403 | 8.0% |
| Q1 2023 | 1,035 | $41.5B | 794,035,627 | 156 | 338 | 332 | 8.5% |
| Q4 2022 | 981 | $30.8B | 782,256,781 | 166 | 250 | 368 | 11.9% |
| Q3 2022 | 880 | $74.6B | 2,613,914,926 | 93 | 340 | 270 | 4.3% |
| Q2 2022 | 944 | $86.6B | 3,577,808,439 | 115 | 398 | 297 | 6.6% |
| Q1 2022 | 1,150 | $157.3B | 258,141,845 | 145 | 488 | 354 | 8.3% |
| Q4 2021 | 1,352 | $233.3B | 170,441,216 | 128 | 485 | 360 | 11.2% |
| Q3 2021 | 1,230 | $230.2B | 154,933,272 | 114 | 467 | 329 | 8.6% |
| Q2 2021 | 1,217 | $240.0B | 162,431,885 | 142 | 466 | 353 | 8.5% |
| Q1 2021 | 1,159 | $162.5B | 135,383,303 | 153 | 469 | 333 | 8.0% |
| Q4 2020 | 1,137 | $177.2B | 138,937,024 | 165 | 407 | 287 | 10.8% |
| Q3 2020 | 953 | $200.2B | 179,823,774 | 151 | 330 | 320 | 6.3% |
| Q2 2020 | 896 | $203.7B | 197,791,895 | 244 | 252 | 298 | 5.5% |
| Q1 2020 | 703 | $81.9B | 179,494,296 | 151 | 231 | 230 | 5.2% |
| Q4 2019 | 620 | $60.0B | 134,540,104 | 101 | 194 | 152 | 9.3% |
| Q3 2019 | 539 | $47.7B | 138,359,600 | 92 | 156 | 198 | 8.0% |
| Q2 2019 | 506 | $38.0B | 111,691,269 | 104 | 128 | 184 | 11.8% |
| Q1 2019 | 468 | $26.6B | 124,222,074 | 89 | 150 | 126 | 6.4% |
| Q4 2018 | 427 | $19.0B | 128,478,185 | 5 | 11 | 3 | 6.6% |