Security Snapshot

SHOPIFY INC. - Class A Stock (SHOP) Institutional Ownership

CUSIP: 82509L107

13F Institutional Holders and Ownership History from Q2 2015 to Q1 2026

Latest Period

Q4 2025

Institutions Reporting

1,858

Shares (Excl. Options)

830,066,678

Price

$160.97

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Type / Class
Equity / Class A Stock
Symbol
SHOP on Nasdaq
Shares outstanding
1,213,718,864
Price per share
$118.62
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
830,066,678
Total reported value
$133,706,028,223
% of total 13F portfolios
0.08%
Share change
+3,606,937
Value change
+$654,195,216
Number of holders
1,858
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

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Quick Takeaways

  • SHOP - SHOPIFY INC. - Class A Stock is tracked under CUSIP 82509L107.
  • 1858 institutions reported positions in Q4 2025.
  • 2 significant owners is listed from Schedule 13D/13G reporting.

What Changed

  • Holder count moved from 1,858 to 193 between Q4 2025 and Q1 2026.
  • Reported value moved from $133,706,028,223 to $690,272,236.

Why This Matters

  • You can quickly see who holds this security, then open quarter and manager detail pages for full evidence.
  • 13F and Schedule 13D/13G sections are kept together so you can cross-check institutional and beneficial ownership context.

Source Evidence

Source: SEC Form 13F

Latest holder context comes from 1858 institutions filings for Q4 2025.

Open SEC Evidence

Investment Quick Answers

What is CUSIP 82509L107?
CUSIP 82509L107 identifies SHOP - SHOPIFY INC. - Class A Stock in SEC 13F datasets.

Where can I see the latest institutional holders?
Review the Q4 2025 holders report and the ownership history table below.

Significant Owners of SHOPIFY INC. - Class A Stock (SHOP) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
BAILLIE GIFFORD & CO 4.9% $5,912,843,783 59,773,997 BAILLIE GIFFORD & CO 31 Dec 2024
BlackRock, Inc. 4.4% -12% $5,282,687,080 -$746,069,676 53,403,630 -12% BlackRock, Inc. 31 Mar 2025

As of 31 Dec 2025, 1,858 institutional investors reported holding 830,066,678 shares of SHOPIFY INC. - Class A Stock (SHOP). This represents 68% of the company’s total 1,213,718,864 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of SHOPIFY INC. - Class A Stock (SHOP) together control 42% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
VANGUARD GROUP INC 4.2% 50,670,627 +1.5% 0.12% $8,158,643,097
FMR LLC 4% 48,003,077 +3.4% 0.39% $7,728,481,908
Capital World Investors 3.9% 47,822,705 -11% 1% $7,698,323,215
Capital International Investors 3.2% 38,343,155 -0.7% 0.97% $6,174,037,839
JPMORGAN CHASE & CO 2.8% 33,418,297 -1.6% 0.36% $5,379,343,582
BAILLIE GIFFORD & CO 2.6% 31,206,232 -12% 4.2% $5,023,267,732
MORGAN STANLEY 2.2% 26,453,143 -9.7% 0.25% $4,258,162,668
PRICE T ROWE ASSOCIATES INC /MD/ 1.9% 23,531,422 -11% 0.41% $3,787,854,000
ROYAL BANK OF CANADA 1.6% 19,735,551 -12% 0.56% $3,176,832,000
JENNISON ASSOCIATES LLC 1.6% 18,966,407 +0.23% 1.8% $3,053,022,527
FIL Ltd 1.5% 18,385,371 -4.1% 2.2% $2,960,303,927
NORGES BANK 1.3% 16,224,694 0.28% $2,611,797,330
LOOMIS SAYLES & CO L P 1.2% 14,470,169 -2.3% 2.8% $2,329,263,037
Invesco Ltd. 1.2% 14,026,193 +9.8% 0.35% $2,257,796,213
GOLDMAN SACHS GROUP INC 1.1% 13,180,545 +32% 0.3% $2,121,672,298
GEODE CAPITAL MANAGEMENT, LLC 1% 12,601,476 +6.2% 0.13% $2,043,365,035
BANK OF MONTREAL /CAN/ 1% 12,124,197 -11% 0.8% $1,952,207,351
BANK OF AMERICA CORP /DE/ 0.95% 11,481,591 +4.2% 0.13% $1,848,191,697
BlackRock, Inc. 0.83% 10,087,672 +15% 0.03% $1,623,812,597
MACKENZIE FINANCIAL CORP 0.82% 9,961,097 +9.1% 1.9% $1,627,352,199
SANDS CAPITAL MANAGEMENT, LLC 0.78% 9,506,036 +37% 4.7% $1,530,186,615
NATIONAL BANK OF CANADA /FI/ 0.78% 9,417,620 -4.3% 1.6% $1,512,591,780
CANADA PENSION PLAN INVESTMENT BOARD 0.72% 8,763,307 +63% 0.94% $1,411,045,395
CIBC WORLD MARKET INC. 0.72% 8,731,927 +18% 2.5% $1,405,578,289
TD Asset Management Inc 0.72% 8,713,762 +2.2% 1.1% $1,404,789,807

Institutional Holders of SHOPIFY INC. - Class A Stock (SHOP) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2026 Q1 5,604,244 $690,272,236 -$24,698,850 $118.62 193
2025 Q4 830,066,678 $133,706,028,223 +$654,195,216 $160.97 1,858
2025 Q3 829,693,500 $123,389,694,239 -$1,563,530,254 $148.61 1,704
2025 Q2 842,747,026 $97,253,365,684 +$1,367,821,082 $115.35 1,538
2025 Q1 831,875,983 $79,351,298,763 -$182,953,503 $95.48 1,460
2024 Q4 831,644,855 $88,453,276,646 +$356,213,039 $106.33 1,466
2024 Q3 827,556,526 $66,351,471,612 +$1,409,719,820 $80.14 1,232
2024 Q2 812,803,655 $53,682,007,305 +$863,669,211 $66.05 1,188
2024 Q1 789,752,096 $60,958,159,487 -$1,348,507,940 $77.17 1,191
2023 Q4 808,779,941 $62,987,502,705 +$2,586,809,807 $77.90 1,194
2023 Q3 775,459,814 $42,421,958,783 -$342,443,845 $54.57 1,061
2023 Q2 780,556,011 $50,430,839,152 +$1,008,466,322 $64.60 1,099
2023 Q1 766,902,390 $36,744,315,496 +$188,296,241 $47.94 987
2022 Q4 766,873,875 $26,620,392,086 +$1,384,426,410 $34.71 942
2022 Q3 723,836,446 $19,512,840,723 -$24,711,707 $26.94 842
2022 Q2 691,553,291 $21,629,071,850 +$17,725,008,912 $31.24 913
2022 Q1 76,776,277 $51,939,836,159 -$2,964,875,855 $675.96 1,103
2021 Q4 78,311,416 $107,870,129,422 +$2,624,983,749 $1377.39 1,304
2021 Q3 75,621,791 $102,628,492,197 +$500,943,739 $1355.78 1,202
2021 Q2 75,243,790 $109,988,184,929 +$2,185,267,811 $1460.98 1,190
2021 Q1 73,760,568 $81,697,489,068 +$3,075,018,764 $1106.50 1,143
2020 Q4 71,175,322 $80,560,497,451 +$1,244,382,331 $1131.95 1,113
2020 Q3 69,846,137 $71,435,207,886 -$517,657,968 $1022.96 933
2020 Q2 70,869,508 $67,321,574,791 +$231,009,169 $949.20 868
2020 Q1 70,755,961 $29,473,247,464 +$159,550,660 $416.93 675
2019 Q4 70,374,394 $27,982,879,654 +$1,421,863,749 $397.58 589
2019 Q3 66,743,957 $20,788,941,538 -$156,028,274 $311.66 519
2019 Q2 67,262,833 $20,190,242,879 -$2,211,892,641 $300.15 482
2019 Q1 74,446,944 $15,378,323,128 +$708,798,945 $206.62 445
2018 Q4 71,933,425 $9,950,825,668 +$526,772,750 $138.45 409
2018 Q3 67,618,669 $11,117,261,026 +$412,005,523 $164.46 393
2018 Q2 65,081,271 $9,492,433,426 +$640,868,106 $145.89 356
2018 Q1 60,777,115 $7,569,493,272 +$613,600,860 $124.59 324
2017 Q4 55,901,745 $5,649,050,952 +$748,529,028 $101.00 271
2017 Q3 48,163,710 $5,606,732,668 +$230,609,925 $116.49 275
2017 Q2 46,374,040 $4,028,736,918 -$83,687,566 $86.90 245
2017 Q1 48,051,685 $3,273,361,196 -$101,809,741 $68.09 214
2016 Q4 50,345,004 $2,158,468,145 -$69,656,316 $42.87 182
2016 Q3 53,025,185 $2,259,967,600 +$416,996,355 $42.92 177
2016 Q2 44,440,620 $1,366,761,000 +$121,611,394 $30.76 122
2016 Q1 40,492,371 $1,142,302,398 +$25,984,701 $28.21 92
2015 Q4 39,717,320 $1,024,591,000 +$465,898,749 $25.80 85
2015 Q3 9,469,603 $333,296,000 +$77,398,037 $35.20 52
2015 Q2 7,294,379 $247,617,851 +$247,617,851 $33.95 54

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