Who owns Shopify (SHOP)
Which tracked institutional funds hold SHOP, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See SHOP company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-18). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on SHOP is one-sided between 2026-Q1 and 2026-Q2: 14 added or opened and 1022 trimmed or exited — on balance reducing.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
SHOP’s largest tracked holder by dollar value, VANGUARD GROUP INC, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.3% of theirs — a 0.2pp gap the other way — the median holder sizes SHOP more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in SHOP divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 1717 tracked filers holding SHOP, 842 increased or opened the position and 946 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in SHOP between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 4
- ExodusPoint Capital Management, LP$112M
- D1 Capital Partners L.P.$95M
- BALYASNY ASSET MANAGEMENT L.P.$70M
- Schonfeld Strategic Advisors LLC$11M
Full exits 1009
- VANGUARD CAPITAL MANAGEMENT LLC$4.0B
- MORGAN STANLEY$2.9B
- ROYAL BANK OF CANADA$2.6B
- FIL Ltd$2.2B
- JPMORGAN CHASE & CO$2.0B
- JENNISON ASSOCIATES LLC$1.9B
Largest adds
- Invesco Ltd.$1.1B
- NORGES BANK$485M
- Capital International Investors$336M
- WELLINGTON MANAGEMENT GROUP LLP$279M
- CITADEL ADVISORS LLC$186M
- D. E. Shaw & Co., Inc.$101M
Largest trims
- WCM INVESTMENT MANAGEMENT, LLC$746M
- Capital Research Global Investors$525M
- SANDS CAPITAL MANAGEMENT, LLC$233M
- POLEN CAPITAL MANAGEMENT LLC$225M
- BAILLIE GIFFORD & CO$199M
- PRICE T ROWE ASSOCIATES INC /MD/$141M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Capital International Investors added | 54,893,641 | $6.3B | 6.4% | 2026-Q2 |
| FMR LLC added | 47,175,518 | $5.4B | 5.5% | 2026-Q2 |
| Invesco Ltd. added | 36,570,929 | $4.2B | 4.3% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 33,735,144 | $4.0B | 4.1% | 2026-Q1 |
| Capital World Investors added | 34,087,544 | $3.9B | 4.0% | 2026-Q2 |
| BAILLIE GIFFORD & CO trimmed | 28,403,600 | $3.2B | 3.3% | 2026-Q2 |
| MORGAN STANLEY trimmed | 24,704,666 | $2.9B | 3.0% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ trimmed | 24,751,765 | $2.8B | 2.9% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 21,658,696 | $2.6B | 2.6% | 2026-Q1 |
| FIL Ltd trimmed | 18,226,469 | $2.2B | 2.2% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 17,457,018 | $2.0B | 2.0% | 2026-Q1 |
| JENNISON ASSOCIATES LLC trimmed | 16,299,259 | $1.9B | 2.0% | 2026-Q1 |
| NORGES BANK added | 16,410,473 | $1.9B | 1.9% | 2026-Q2 |
| LOOMIS SAYLES & CO L P trimmed | 14,403,445 | $1.7B | 1.8% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ added | 13,053,711 | $1.5B | 1.6% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 12,910,116 | $1.5B | 1.6% | 2026-Q1 |
| NATIONAL BANK OF CANADA /FI/ added | 12,811,918 | $1.5B | 1.6% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. added | 8,813,928 | $1.4B | 1.5% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP added | 11,852,596 | $1.4B | 1.4% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 11,183,985 | $1.3B | 1.4% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 10,774,862 | $1.3B | 1.3% | 2026-Q1 |
| 1832 Asset Management L.P. added | 10,187,742 | $1.2B | 1.2% | 2026-Q1 |
| MACKENZIE FINANCIAL CORP trimmed | 9,946,334 | $1.2B | 1.2% | 2026-Q1 |
| TD Asset Management Inc added | 9,574,621 | $1.1B | 1.2% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 9,146,115 | $1.1B | 1.1% | 2026-Q1 |
| CIBC WORLD MARKET INC. added | 8,749,299 | $1.0B | 1.1% | 2026-Q1 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE added | 8,418,903 | $998M | 1.0% | 2026-Q1 |
| CANADA PENSION PLAN INVESTMENT BOARD trimmed | 8,312,252 | $986M | 1.0% | 2026-Q1 |
| FRANKLIN RESOURCES INC trimmed | 8,272,377 | $982M | 1.0% | 2026-Q1 |
| Capital Research Global Investors trimmed | 7,491,701 | $855M | 0.9% | 2026-Q2 |
| SANDS CAPITAL MANAGEMENT, LLC trimmed | 7,242,079 | $827M | 0.8% | 2026-Q2 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added | 6,031,360 | $789M | 0.8% | 2026-Q1 |
| Connor, Clark & Lunn Investment Management Ltd. added | 6,384,833 | $758M | 0.8% | 2026-Q1 |
| Newlands Management Operations LLC | 6,325,050 | $750M | 0.8% | 2026-Q1 |
| Legal & General Group Plc trimmed | 6,344,182 | $750M | 0.8% | 2026-Q1 |
| EDGEWOOD MANAGEMENT LLC trimmed | 6,066,124 | $720M | 0.7% | 2026-Q1 |
| BlackRock, Inc. added | 5,824,991 | $665M | 0.7% | 2026-Q2 |
| Nuveen, LLC trimmed | 5,087,563 | $603M | 0.6% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 4,919,938 | $584M | 0.6% | 2026-Q1 |
| UBS Group AG added | 4,730,646 | $561M | 0.6% | 2026-Q1 |
| BAMCO INC /NY/ added | 4,718,230 | $560M | 0.6% | 2026-Q1 |
| POLEN CAPITAL MANAGEMENT LLC trimmed | 4,577,524 | $523M | 0.5% | 2026-Q2 |
| Artisan Partners Limited Partnership trimmed | 4,362,111 | $517M | 0.5% | 2026-Q1 |
| CIBC Asset Management Inc added | 4,305,479 | $511M | 0.5% | 2026-Q1 |
| ARK Investment Management LLC added | 4,177,652 | $496M | 0.5% | 2026-Q1 |
| Swiss National Bank added | 4,115,300 | $488M | 0.5% | 2026-Q1 |
| JANUS HENDERSON GROUP PLC trimmed | 4,088,788 | $479M | 0.5% | 2026-Q1 |
| Sumitomo Mitsui Trust Group, Inc. added | 3,678,602 | $436M | 0.4% | 2026-Q1 |
| BARCLAYS PLC added | 3,639,371 | $432M | 0.4% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 3,497,721 | $415M | 0.4% | 2026-Q1 |
| Bank of New York Mellon Corp added | 3,495,964 | $415M | 0.4% | 2026-Q1 |
| Amova Asset Management Americas, Inc. added | 3,458,265 | $410M | 0.4% | 2026-Q1 |
| DEUTSCHE BANK AG\ trimmed | 3,232,952 | $383M | 0.4% | 2026-Q1 |
| Amundi added | 3,200,943 | $380M | 0.4% | 2026-Q1 |
| BANK OF NOVA SCOTIA added | 3,196,004 | $379M | 0.4% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 3,073,182 | $365M | 0.4% | 2026-Q1 |
| TORONTO DOMINION BANK trimmed | 3,070,686 | $364M | 0.4% | 2026-Q1 |
| Clearbridge Investments, LLC trimmed | 3,041,015 | $361M | 0.4% | 2026-Q1 |
| Winslow Capital Management, LLC added | 3,024,200 | $359M | 0.4% | 2026-Q1 |
| Federation des caisses Desjardins du Quebec added | 2,920,057 | $345M | 0.4% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 2,726,780 | $323M | 0.3% | 2026-Q1 |
| SEI INVESTMENTS CO added | 2,704,618 | $321M | 0.3% | 2026-Q1 |
| Mirova US LLC trimmed | 2,671,242 | $317M | 0.3% | 2026-Q1 |
| VICTORY CAPITAL MANAGEMENT INC added | 2,546,610 | $302M | 0.3% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 2,446,749 | $292M | 0.3% | 2026-Q1 |
| ICONIQ Capital, LLC | 2,456,052 | $291M | 0.3% | 2026-Q1 |
| D. E. Shaw & Co., Inc. added | 2,394,385 | $273M | 0.3% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 2,254,053 | $267M | 0.3% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 2,251,187 | $267M | 0.3% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 2,198,319 | $261M | 0.3% | 2026-Q1 |
| GILDER GAGNON HOWE & CO LLC trimmed | 2,154,743 | $256M | 0.3% | 2026-Q1 |
| PICTON MAHONEY ASSET MANAGEMENT added | 2,135,617 | $253M | 0.3% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 2,129,246 | $253M | 0.3% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 2,065,064 | $236M | 0.2% | 2026-Q2 |
| NATIXIS ADVISORS, LLC added | 1,884,639 | $224M | 0.2% | 2026-Q1 |
| NORTHERN TRUST CORP added | 1,818,538 | $216M | 0.2% | 2026-Q1 |
| MUFG SECURITIES (CANADA), LTD. trimmed | 1,818,588 | $215M | 0.2% | 2026-Q1 |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed | 1,749,349 | $208M | 0.2% | 2026-Q1 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 1,713,564 | $203M | 0.2% | 2026-Q1 |
| Strategy Capital LLC added | 1,649,987 | $196M | 0.2% | 2026-Q1 |
| Ashe Capital Management, LP trimmed | 1,647,738 | $195M | 0.2% | 2026-Q1 |
| Russell Investments Group, Ltd. added | 1,652,855 | $195M | 0.2% | 2026-Q1 |
| Pictet Asset Management Holding SA added | 1,622,681 | $192M | 0.2% | 2026-Q1 |
| Barton Investment Management trimmed | 1,602,959 | $190M | 0.2% | 2026-Q1 |
| MARSHALL WACE, LLP trimmed | 1,633,517 | $187M | 0.2% | 2026-Q2 |
| ProShare Advisors LLC trimmed | 1,554,879 | $184M | 0.2% | 2026-Q1 |
| Rathbones Group PLC added | 1,510,859 | $179M | 0.2% | 2026-Q1 |
| BROWN ADVISORY INC trimmed | 1,490,532 | $177M | 0.2% | 2026-Q1 |
| LPL Financial LLC added | 1,465,785 | $174M | 0.2% | 2026-Q1 |
| Polar Capital Holdings Plc trimmed | 1,441,167 | $171M | 0.2% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 1,415,395 | $168M | 0.2% | 2026-Q1 |
| Caisse de depot et placement du Quebec trimmed | 1,392,886 | $165M | 0.2% | 2026-Q1 |
| ZEVENBERGEN CAPITAL INVESTMENTS LLC trimmed | 1,309,176 | $155M | 0.2% | 2026-Q1 |
| SCOTIA CAPITAL INC. added | 1,305,851 | $155M | 0.2% | 2026-Q1 |
| Thrivent Financial for Lutherans added | 1,267,968 | $150M | 0.2% | 2026-Q1 |
| VANGUARD GROUP INC added | 50,670,627 | $8.2B | 8.4% | 2025-Q4 stale |
| JARISLOWSKY, FRASER Ltd trimmed | 4,861,383 | $722M | 0.7% | 2025-Q3 stale |
| SCGE MANAGEMENT, L.P. trimmed | 3,386,000 | $323M | 0.3% | 2025-Q1 stale |
| Castle Hook Partners LP added | 1,979,636 | $319M | 0.3% | 2025-Q4 stale |
| Foxhaven Asset Management, LP trimmed | 1,051,834 | $156M | 0.2% | 2025-Q3 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.