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

13F Institutional Holders and Ownership History from Q2 2015 to Q4 2025

Type / Class
Equity / Class A Stock
Symbol
SHOP on Nasdaq
Shares outstanding
1,213,718,864
Price per share
$160.97
All holders as of 30 Sep 2025
Q3 2025
Total 13F shares
829,348,881
Total reported value
$123,338,057,745
% of total 13F portfolios
0.08%
Share change
-13,813,452
Value change
-$1,491,642,843
Number of holders
1,696
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

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 30 Sep 2025, 1,696 institutional investors reported holding 829,348,881 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 43% 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
Capital World Investors 4.4% 53,612,596 -7.5% 1.1% $7,967,392,072
VANGUARD GROUP INC 4.1% 49,926,824 +1.2% 0.11% $7,417,517,143
FMR LLC 3.8% 46,435,115 +2.7% 0.36% $6,899,351,619
Capital International Investors 3.2% 38,612,671 -3.6% 0.93% $5,738,500,420
BAILLIE GIFFORD & CO 2.9% 35,443,787 -6.1% 3.9% $5,267,301,161
JPMORGAN CHASE & CO 2.8% 33,945,857 +19% 0.32% $5,044,694,090
MORGAN STANLEY 2.4% 29,284,562 -0.16% 0.26% $4,351,979,051
PRICE T ROWE ASSOCIATES INC /MD/ 2.2% 26,433,139 -17% 0.42% $3,928,230,000
ROYAL BANK OF CANADA 1.8% 22,416,270 +5.4% 0.59% $3,331,282,000
FIL Ltd 1.6% 19,175,536 +0.25% 2.2% $2,848,845,042
JENNISON ASSOCIATES LLC 1.6% 18,923,431 +64% 1.6% $2,812,211,103
LOOMIS SAYLES & CO L P 1.2% 14,810,603 +1.3% 2.6% $2,201,003,649
BANK OF MONTREAL /CAN/ 1.1% 13,647,796 +20% 0.89% $2,028,198,963
Invesco Ltd. 1.1% 12,774,119 +28% 0.3% $1,898,361,826
GEODE CAPITAL MANAGEMENT, LLC 0.98% 11,863,584 +11% 0.11% $1,770,420,049
POLEN CAPITAL MANAGEMENT LLC 0.91% 11,060,906 -25% 5.3% $1,643,761,194
BANK OF AMERICA CORP /DE/ 0.91% 11,020,264 -3.8% 0.12% $1,637,721,497
GOLDMAN SACHS GROUP INC 0.82% 9,985,807 +7.2% 0.21% $1,483,990,820
NATIONAL BANK OF CANADA /FI/ 0.81% 9,845,580 -5.8% 1.6% $1,458,892,758
Capital Research Global Investors 0.78% 9,512,437 -3.5% 0.27% $1,413,654,766
FRANKLIN RESOURCES INC 0.78% 9,438,528 -8.4% 0.35% $1,402,215,657
MACKENZIE FINANCIAL CORP 0.75% 9,133,454 -1.7% 1.6% $1,356,633,497
BlackRock, Inc. 0.72% 8,783,801 +9.7% 0.02% $1,305,360,644
EDGEWOOD MANAGEMENT LLC 0.72% 8,727,511 -8.7% 4.6% $1,296,995,410
TD Asset Management Inc 0.7% 8,528,510 +1.4% 1% $1,267,327,168

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
2025 Q4 11,315,170 $1,817,421,371 +$81,853,659 $160.97 313
2025 Q3 829,348,881 $123,338,057,745 -$1,491,642,843 $148.61 1,696
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