SHOPIFY INC. (SHOP) — Institutional Holders, Q2 2026

1,724 institutional investment managers reported a SHOP position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $95.9B. Every filer is listed below, ranked by position value, 100 per page; this page shows ranks 1 to 100. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.

← SHOP stock profile

SHOP in Q2 2026: what funds did

Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.

New positions

143

Added to

632

Trimmed

663

Sold out

157

Biggest buyers

Invesco Ltd.Added · +25,923,294 sh+$3.0B
BAMCOAdded · +6,437,316 sh+$735.0M
Capital International InvestorsAdded · +4,833,553 sh+$551.9M
WELLINGTON MANAGEMENT GROUP LLPAdded · +2,782,480 sh+$317.7M
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMEAdded · +2,482,424 sh+$283.4M

Biggest sellers

JENNISON ASSOCIATESTrimmed · -9,452,863 sh-$1.1B
WCM INVESTMENT MANAGEMENTTrimmed · -6,675,474 sh-$762.2M
Capital Research Global InvestorsTrimmed · -4,150,231 sh-$473.9M
BlackRockTrimmed · -3,062,525 sh-$349.7M
NATIONAL BANK OF CANADATrimmed · -2,791,255 sh-$318.7M

SHOP 13F holders ranked 1–100 of 1,724

Institutional investors reporting a position in SHOPIFY INC. on SEC Form 13F-HR for Q2 2026, ranked by reported value.
#	Institution	Shares	Value	% of portfolio	QoQShares vs Q1 2026
1	Capital International Investors#1 · 54,893,641 sh	54,893,641	$6.3B	1.30%	+9.7%
2	FMR#2 · 47,175,518 sh	47,175,518	$5.4B	0.23%	+2.9%
3	Invesco Ltd.#3 · 36,570,929 sh	36,570,929	$4.2B	0.33%	+243.5%
4	VANGUARD CAPITAL MANAGEMENT#4 · 34,133,098 sh	34,133,098	$3.9B	0.08%	+1.2%
5	Capital World Investors#5 · 34,087,544 sh	34,087,544	$3.9B	0.46%	+1.2%
6	BAILLIE GIFFORD#6 · 28,403,600 sh	28,403,600	$3.2B	2.94%	-2.1%
7	MORGAN STANLEY#7 · 25,517,034 sh	25,517,034	$2.9B	0.15%	+3.3%
8	PRICE T ROWE ASSOCIATES#8 · 24,751,765 sh	24,751,765	$2.8B	0.28%	-1.1%
9	ROYAL BANK OF CANADA#9 · 23,534,300 sh	23,534,300	$2.7B	0.40%	+8.7%
10	FIL Ltd#10 · 19,275,482 sh	19,275,482	$2.2B	1.58%	+5.8%
11	NORGES BANK#11 · 16,410,473 sh	16,410,473	$1.9B	0.19%	—
12	JPMORGAN CHASE#12 · 15,220,724 sh	15,220,724	$1.7B	0.10%	-12.8%
13	GEODE CAPITAL MANAGEMENT#13 · 14,338,616 sh	14,338,616	$1.7B	0.09%	+11.1%
14	LOOMIS SAYLES & L P#14 · 14,408,186 sh	14,408,186	$1.6B	2.06%	0.0%
15	BANK OF MONTREAL#15 · 13,770,055 sh	13,770,055	$1.6B	0.52%	+5.5%
16	WELLINGTON MANAGEMENT GROUP LLP#16 · 11,852,596 sh	11,852,596	$1.4B	0.23%	+30.7%
17	BANK OF AMERICA#17 · 11,443,080 sh	11,443,080	$1.3B	0.08%	+2.3%
18	BAMCO#18 · 11,155,546 sh	11,155,546	$1.3B	1.91%	+136.4%
19	VANGUARD FIDUCIARY#19 · 10,862,064 sh	10,862,064	$1.2B	0.27%	+0.8%
20	MACKENZIE FINANCIAL#20 · 9,558,174 sh	9,558,174	$1.2B	1.22%	-3.9%
21	GOLDMAN SACHS GROUP#21 · 10,154,753 sh	10,154,753	$1.2B	0.10%	+11.0%
22	NATIONAL BANK OF CANADA#22 · 10,020,663 sh	10,020,663	$1.1B	0.82%	-21.8%
23	TD ASSET MANAGEMENT#23 · 9,280,520 sh	9,280,520	$1.1B	0.92%	-3.1%
24	1832 Asset Management L.P.#24 · 9,079,131 sh	9,079,131	$1.0B	0.52%	-10.9%
25	CANADA PENSION PLAN INVESTMENT BOARD#25 · 8,932,140 sh	8,932,140	$1.0B	0.56%	+7.5%
26	CIBC WORLD MARKET#26 · 8,301,893 sh	8,301,893	$947.9M	1.52%	-5.1%
27	ALLIANCEBERNSTEIN L.P.#27 · 7,814,726 sh	7,814,726	$927.0M	0.31%	-11.3%
28	MANUFACTURERS LIFE INSURANCE COMPANY, THE#28 · 8,026,490 sh	8,026,490	$916.5M	0.72%	-4.7%
29	Capital Research Global Investors#29 · 7,491,701 sh	7,491,701	$855.4M	0.12%	-35.6%
30	SANDS CAPITAL MANAGEMENT#30 · 7,242,079 sh	7,242,079	$826.9M	3.07%	-19.0%
31	FRANKLIN RESOURCES#31 · 6,892,527 sh	6,892,527	$787.4M	0.17%	-16.7%
32	JENNISON ASSOCIATES#32 · 6,846,396 sh	6,846,396	$781.7M	0.47%	-58.0%
33	MASSACHUSETTS FINANCIAL SERVICES#33 · 5,950,335 sh	5,950,335	$755.4M	0.24%	-1.3%
34	Newlands Management Operations#34 · 6,325,050 sh	6,325,050	$722.2M	4.36%	0.0%
35	Legal & General Group Plc#35 · 6,162,904 sh	6,162,904	$704.8M	0.15%	-2.9%
36	Connor, Clark & Lunn Investment Management Ltd.#36 · 5,906,160 sh	5,906,160	$675.0M	1.28%	-7.5%
37	BlackRock#37 · 5,824,991 sh	5,824,991	$665.1M	<0.01%	-34.5%
38	Vanguard Global Advisers#38 · 5,221,153 sh	5,221,153	$597.3M	0.28%	+6.1%
39	POLEN CAPITAL MANAGEMENT#39 · 4,577,524 sh	4,577,524	$522.7M	4.50%	-27.4%
40	TORONTO DOMINION BANK#40 · 4,432,439 sh	4,432,439	$506.4M	0.59%	+44.3%
41	CIBC Asset Management#41 · 4,308,187 sh	4,308,187	$493.8M	1.08%	+0.1%
42	ARK Investment Management#42 · 4,155,925 sh	4,155,925	$474.5M	3.08%	-0.5%
43	EDGEWOOD MANAGEMENT#43 · 4,107,065 sh	4,107,065	$468.9M	4.84%	-32.3%
44	Artisan Partners Limited Partnership#44 · 4,074,005 sh	4,074,005	$465.2M	0.74%	-6.6%
45	BANK OF NOVA SCOTIA#45 · 4,031,656 sh	4,031,656	$461.1M	0.70%	+26.1%
46	Swiss National Bank#46 · 3,962,700 sh	3,962,700	$452.0M	0.24%	-3.7%
47	Bank of New York Mellon#47 · 3,819,522 sh	3,819,522	$436.1M	0.07%	+9.3%
48	SUSQUEHANNA INTERNATIONAL GROUP, LLP#48 · 3,812,940 sh	3,812,940	$435.4M	0.03%	+69.2%
49	VICTORY CAPITAL MANAGEMENT#49 · 3,722,361 sh	3,722,361	$425.0M	0.24%	+46.2%
50	UBS Group AG#50 · 3,706,397 sh	3,706,397	$423.2M	0.05%	-21.7%
51	BARCLAYS PLC#51 · 3,655,581 sh	3,655,581	$417.4M	0.08%	+0.4%
52	Sumitomo Mitsui#52 · 3,585,720 sh	3,585,720	$409.4M	0.23%	-2.5%
53	Federation des caisses Desjardins du Quebec#53 · 3,469,946 sh	3,469,946	$395.0M	1.21%	+18.8%
54	DEUTSCHE BANK AG\#54 · 3,396,901 sh	3,396,901	$387.9M	0.11%	+5.1%
55	Nikko Asset Management Americas#55 · 3,366,810 sh	3,366,810	$384.5M	4.96%	-2.6%
56	Jupiter Topco#56 · 3,279,616 sh	3,279,616	$374.5M	0.15%	—
57	Clearbridge Investments#57 · 2,984,845 sh	2,984,845	$340.8M	0.28%	-1.8%
58	WELLS FARGO & COMPANY#58 · 2,866,960 sh	2,866,960	$327.3M	0.05%	-6.7%
59	CHARLES SCHWAB INVESTMENT MANAGEMENT#59 · 2,830,240 sh	2,830,240	$323.7M	0.04%	+3.8%
60	Amundi#60 · 2,720,427 sh	2,720,427	$310.6M	0.08%	-15.0%
61	Nuveen#61 · 2,678,971 sh	2,678,971	$306.3M	0.07%	-47.3%
62	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME#62 · 2,633,169 sh	2,633,169	$300.7M	0.05%	+1646.8%
63	Mirova US#63 · 2,600,237 sh	2,600,237	$296.9M	3.19%	-2.7%
64	D. E. Shaw#64 · 2,394,385 sh	2,394,385	$273.4M	0.13%	+64.6%
65	VANGUARD ASSET MANAGEMENT, Ltd#65 · 2,385,151 sh	2,385,151	$272.9M	0.18%	+12.0%
66	Durable Capital Partners#66 · 2,335,694 sh	2,335,694	$266.7M	2.59%	+140.3%
67	JANE STREET GROUP#67 · 2,322,857 sh	2,322,857	$265.2M	0.02%	-33.6%
68	SEI INVESTMENTS#68 · 2,168,217 sh	2,168,217	$247.6M	0.22%	-19.8%
69	PICTON MAHONEY ASSET MANAGEMENT#69 · 2,163,787 sh	2,163,787	$246.9M	1.83%	+1.3%
70	RAYMOND JAMES FINANCIAL#70 · 2,144,798 sh	2,144,798	$244.9M	0.07%	-2.4%
71	BRITISH COLUMBIA INVESTMENT MANAGEMENT#71 · 2,131,695 sh	2,131,695	$243.6M	1.53%	+21.9%
72	CITADEL ADVISORS#72 · 2,065,064 sh	2,065,064	$235.8M	0.03%	+391.1%
73	BROWN ADVISORY#73 · 1,927,406 sh	1,927,406	$220.1M	0.34%	+29.3%
74	Winslow Capital Management#74 · 1,919,693 sh	1,919,693	$219.2M	0.75%	-36.5%
75	FIRST ADVISORS#75 · 1,853,916 sh	1,853,916	$211.7M	0.12%	+57.5%
76	GILDER GAGNON HOWE#76 · 1,835,426 sh	1,835,426	$209.6M	2.16%	-14.8%
77	ENVESTNET ASSET MANAGEMENT#77 · 1,827,570 sh	1,827,570	$208.7M	0.05%	-18.8%
78	PUBLIC SECTOR PENSION INVESTMENT BOARD#78 · 1,759,877 sh	1,759,877	$201.1M	0.52%	+189.9%
79	Pictet Asset Management Holding SA#79 · 1,740,052 sh	1,740,052	$198.8M	0.19%	+7.2%
80	MUFG SECURITIES (CANADA), LTD.#80 · 1,725,549 sh	1,725,549	$197.1M	5.31%	-5.1%
81	NATIXIS ADVISORS#81 · 1,712,569 sh	1,712,569	$195.5M	0.22%	-9.1%
82	LPL Financial#82 · 1,658,508 sh	1,658,508	$189.4M	0.04%	+13.1%
83	BNP PARIBAS FINANCIAL MARKETS#83 · 1,658,388 sh	1,658,388	$189.4M	0.07%	+79.9%
84	MARSHALL WACE, LLP#84 · 1,633,517 sh	1,633,517	$186.5M	0.15%	-35.7%
85	MIRAE ASSET GLOBAL ETFS Ltd.#85 · 1,626,341 sh	1,626,341	$185.7M	0.22%	-5.1%
86	Strategy Capital#86 · 1,602,908 sh	1,602,908	$183.0M	11.28%	-2.9%
87	Barton Investment Management#87 · 1,580,601 sh	1,580,601	$180.5M	24.45%	-1.4%
88	Russell Investments Group, Ltd.#88 · 1,554,830 sh	1,554,830	$177.6M	0.16%	-5.9%
89	Ashe Capital Management#89 · 1,542,738 sh	1,542,738	$176.1M	18.91%	-6.4%
90	Rathbones Group PLC#90 · 1,512,628 sh	1,512,628	$172.7M	0.64%	+0.1%
91	TD Waterhouse Canada#91 · 1,414,866 sh	1,414,866	$172.4M	—	+18.5%
92	SCOTIA CAPITAL#92 · 1,470,808 sh	1,470,808	$167.8M	0.63%	+12.6%
93	CAISSE DE DEPOT ET PLACEMENT DU QUEBEC#93 · 1,426,749 sh	1,426,749	$163.2M	0.23%	+2.4%
94	NOMURA ASSET MANAGEMENT INTERNATIONAL#94 · 1,405,574 sh	1,405,574	$160.5M	0.24%	+40.4%
95	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP#95 · 1,321,984 sh	1,321,984	$151.0M	0.07%	+32.0%
96	AMERICAN CENTURY COMPANIES#96 · 1,279,215 sh	1,279,215	$146.1M	0.06%	-9.6%
97	Neuberger Berman Group#97 · 1,276,855 sh	1,276,855	$145.8M	0.10%	+20.9%
98	Alberta Investment Management#98 · 1,274,813 sh	1,274,813	$145.7M	0.82%	+37.5%
99	NORTHERN#99 · 1,265,477 sh	1,265,477	$144.5M	0.02%	-30.4%
100	ZEVENBERGEN CAPITAL INVESTMENTS#100 · 1,183,816 sh	1,183,816	$135.2M	—	-9.6%

Funds that sold out of SHOP in Q2 2026 (157)

Held SHOP at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.

Institutions that held SHOP in Q1 2026 and reported no position in Q2 2026.
Institution	Shares sold	Value in Q1 2026
Polar Capital Plc1,441,167 sh	1,441,167	$171.0M
SUSQUEHANNA ADVISORS GROUP878,600 sh	878,600	$104.2M
SurgoCap Partners515,733 sh	515,733	$61.2M
STEADFAST CAPITAL MANAGEMENT474,047 sh	474,047	$56.2M
Zurich Insurance Group Ltd368,059 sh	368,059	$43.7M
AEGON ASSET MANAGEMENT UK PLC364,254 sh	364,254	$43.0M
Wedbush Fund Advisers233,770 sh	233,770	$27.7M
BROWN CAPITAL MANAGEMENT201,723 sh	201,723	$23.9M
PBU - The Pension Fund of Early Childhood & Youth Educators292,094 sh	292,094	$21.0M
Ilex Capital Partners (UK) LLP148,896 sh	148,896	$17.7M
Rheos Capital Works138,000 sh	138,000	$16.4M
Steadview Capital Management128,559 sh	128,559	$15.2M
BI Asset Management Fondsmaeglerselskab A/S128,470 sh	128,470	$15.2M
Freestone Grove Partners98,125 sh	98,125	$11.6M
Y-Intercept (Hong Kong) Ltd95,606 sh	95,606	$11.3M
STEVENS CAPITAL MANAGEMENT93,425 sh	93,425	$11.1M
Mubadala Investment PJSC82,302 sh	82,302	$9.8M
IMC-Chicago81,570 sh	81,570	$9.7M
Engineers Gate Manager48,868 sh	48,868	$5.8M
KR Capital46,425 sh	46,425	$5.5M
OAK RIDGE INVESTMENTS44,332 sh	44,332	$5.3M
Premier Fund Managers Ltd47,012 sh	47,012	$5.3M
Infusive Asset Management43,611 sh	43,611	$5.2M
Blackstone43,524 sh	43,524	$5.2M
NIGHTVIEW CAPITAL39,574 sh	39,574	$4.7M
Connective Capital Management38,913 sh	38,913	$4.6M
Octahedron Capital Management L.P.38,700 sh	38,700	$4.6M
Broadleaf Partners38,353 sh	38,353	$4.5M
Laurion Capital Management30,619 sh	30,619	$3.6M
DIKER MANAGEMENT30,000 sh	30,000	$3.6M
SIG North Trading, ULC29,413 sh	29,413	$3.5M
Strategic Advisors27,007 sh	27,007	$3.2M
Entropy Technologies20,515 sh	20,515	$2.4M
Aubrey Capital Management Ltd20,000 sh	20,000	$2.4M
Element Squared18,444 sh	18,444	$2.2M
Aster Capital Management (DIFC) Ltd21,952 sh	21,952	$2.1M
Fiduciary Alliance16,263 sh	16,263	$2.1M
Aristotle Atlantic Partners16,961 sh	16,961	$2.0M
Timothy G. Youngquist 2020 Irrevocable16,454 sh	16,454	$2.0M
WT Wealth Management14,074 sh	14,074	$1.7M
ASHTON THOMAS SECURITIES13,029 sh	13,029	$1.5M
EVOKE WEALTH12,293 sh	12,293	$1.5M
AIGEN INVESTMENT MANAGEMENT10,222 sh	10,222	$1.3M
NIA IMPACT ADVISORS10,550 sh	10,550	$1.3M
StoneCrest Wealth Management9,326 sh	9,326	$1.1M
Menard Financial Group9,274 sh	9,274	$1.1M
SANDLER CAPITAL MANAGEMENT9,188 sh	9,188	$1.1M
St. Louis8,196 sh	8,196	$972.2K
BOOTHBAY FUND MANAGEMENT7,455 sh	7,455	$884.3K
Campbell & Investment Adviser7,348 sh	7,348	$871.6K
Cinctive Capital Management6,946 sh	6,946	$823.9K
MOORE CAPITAL MANAGEMENT6,832 sh	6,832	$810.4K
Willis Johnson & Associates6,714 sh	6,714	$796.4K
Tuttle Capital Management6,197 sh	6,197	$735.1K
CONNABLE OFFICE5,968 sh	5,968	$707.9K
Jump Financial5,930 sh	5,930	$703.4K
GRIFFIN ASSET MANAGEMENT5,928 sh	5,928	$703.2K
Abacus Wealth Partners5,827 sh	5,827	$691.2K
Quilter Plc5,644 sh	5,644	$669.5K
QVT Financial5,639 sh	5,639	$668.9K
Jain Global5,600 sh	5,600	$664.4K
Golden State Equity Partners4,756 sh	4,756	$564.2K
ABN AMRO Bank N.V.4,614 sh	4,614	$549.8K
FDx Advisors4,559 sh	4,559	$541.0K
PETRA FINANCIAL ADVISORS4,466 sh	4,466	$529.8K
MOODY LYNN & LIEBERSON4,372 sh	4,372	$518.6K
FOX RUN MANAGEMENT, L.L.C.4,512 sh	4,512	$504.3K
Unify Financial Advisors4,154 sh	4,154	$492.7K
Graham Capital Management, L.P.4,112 sh	4,112	$487.8K
EMERALD MUTUAL FUND ADVISERS4,053 sh	4,053	$480.8K
RATIONAL ADVISORS4,000 sh	4,000	$474.5K
Cynosure Management4,000 sh	4,000	$474.5K
Bayesian Capital Management3,739 sh	3,739	$443.5K
Ebert Capital Management3,679 sh	3,679	$436.4K
Bannerstone Capital Management3,607 sh	3,607	$427.9K
AGP FRANKLIN3,605 sh	3,605	$427.6K
ISLAY CAPITAL MANAGEMENT3,594 sh	3,594	$426.3K
Wealth Alliance Advisory Group3,557 sh	3,557	$421.9K
London & Capital Asset Management Ltd3,423 sh	3,423	$406.1K
Triad Wealth Partners3,184 sh	3,184	$377.7K
Holistic Financial Partners3,093 sh	3,093	$366.9K
One68 Global Capital3,000 sh	3,000	$355.9K
FULTON BANK, N.A.2,836 sh	2,836	$336.4K
Strategic Blueprint2,832 sh	2,832	$335.9K
WILLIAM BLAIR INVESTMENT MANAGEMENT2,795 sh	2,795	$331.5K
Granite Investment Partners2,753 sh	2,753	$326.6K
TCFG Investment Advisors2,485 sh	2,485	$294.8K
Granite Group Advisors2,424 sh	2,424	$283.8K
Greystone Financial Group2,371 sh	2,371	$281.2K
Pacific Excel Wealth Advisors2,304 sh	2,304	$273.3K
Legato Capital Management2,264 sh	2,264	$268.6K
Mendel Money Management2,200 sh	2,200	$261.0K
Motley Fool Wealth Management2,165 sh	2,165	$256.9K
Flaharty Asset Management2,145 sh	2,145	$254.4K
Athena Wealth Management2,144 sh	2,144	$254.3K
Formidable Asset Management1,516 sh	1,516	$244.0K
Summa2,051 sh	2,051	$243.3K
Affinity Capital Advisors2,035 sh	2,035	$241.4K
Dala Group1,832 sh	1,832	$233.2K
Avantra Family Wealth1,955 sh	1,955	$231.9K

And 57 smaller positions.

Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.