Latest Period
Q4 2025
Security Snapshot
SHOPIFY INC. - Class A Stock (SHOP) Institutional Ownership
CUSIP: 82509L107
13F Institutional Holders and Ownership History from Q2 2015 to Q1 2026
Institutions Reporting
1,863
Shares (Excl. Options)
830,122,245
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
- $110.79
- All holders as of 31 Dec 2025
- Q4 2025
- Total 13F shares
- 830,122,245
- Total reported value
- $133,714,972,844
- % of total 13F portfolios
- 0.08%
- Share change
- +3,604,466
- Value change
- +$653,797,459
- Number of holders
- 1,863
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors
Quick Takeaways
- SHOP - SHOPIFY INC. - Class A Stock is tracked under CUSIP 82509L107.
- 1863 institutions reported positions in Q4 2025.
- 2 significant owners is listed from Schedule 13D/13G reporting.
What Changed
- Holder count moved from 1,863 to 957 between Q4 2025 and Q1 2026.
- Reported value moved from $133,714,972,844 to $22,595,543,282.
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
Open SEC Evidence
Latest holder context comes from 1863 institutions filings for Q4 2025.
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.
Next ownership checks
Use the next link that matches the question you still need to answer about this security.
- Latest 13F filings when you want to inspect fresh institutional portfolio moves.
- Latest Schedule 13D/13G reports when you need large-owner changes outside the 13F cycle.
- All institutional ownership pages to compare this security with other holder-history pages.
Recent Quarterly Holder Reports
Open recent reporting periods for CUSIP 82509L107:
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, 1,863 institutional investors reported holding 830,122,245 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 | 190,571,709 | $22,595,543,282 | -$579,213,586 | $118.62 | 957 |
| 2025 Q4 | 830,122,245 | $133,714,972,844 | +$653,797,459 | $160.97 | 1,863 |
| 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 |