Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in SHOP held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | Capital International Investors | 50.1M | $5.93B | +30.6% | 3.858% | 1.39% |
| 2 | FMR LLC | 45.8M | $5.44B | -4.5% | 3.532% | 0.29% |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 33.7M | $4.00B | — | 2.600% | 0.10% |
| 4 | Capital World Investors | 33.7M | $4.00B | -29.5% | 2.597% | 0.55% |
| 5 | BAILLIE GIFFORD & CO | 29.0M | $3.44B | -7.0% | 2.236% | 3.52% |
| 6 | MORGAN STANLEY | 24.7M | $2.93B | -6.6% | 1.904% | 0.18% |
| 7 | ROYAL BANK OF CANADA | 21.9M | $2.60B | +10.2% | 1.690% | 0.46% |
| 8 | FIL Ltd | 18.2M | $2.16B | -0.9% | 1.405% | 1.68% |
| 9 | CIBC World Markets Inc. | 17.2M | $2.05B | -3.2% | 1.329% | 3.34% |
| 10 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 17.2M | $2.04B | +48.3% | 1.327% | 0.23% |
| 11 | JENNISON ASSOCIATES LLC | 16.3M | $1.93B | -14.1% | 1.256% | 1.33% |
| 12 | LOOMIS SAYLES & CO L P | 14.4M | $1.71B | -0.5% | 1.110% | 2.30% |
| 13 | BANK OF MONTREAL /CAN/ | 13.2M | $1.57B | +8.5% | 1.019% | 0.59% |
| 14 | GEODE CAPITAL MANAGEMENT, LLC | 12.9M | $1.54B | +2.5% | 0.995% | 0.10% |
| 15 | NATIONAL BANK OF CANADA /FI/ | 12.8M | $1.52B | +36.0% | 0.987% | 1.55% |
| 16 | ALLIANCEBERNSTEIN L.P. | 8.8M | $1.42B | +34.6% | 0.679% | 0.46% |
| 17 | Capital Research Global Investors | 11.6M | $1.38B | +507.0% | 0.897% | 0.21% |
| 18 | BANK OF AMERICA CORP /DE/ | 11.2M | $1.33B | -2.6% | 0.862% | 0.10% |
| 19 | VANGUARD FIDUCIARY TRUST CO | 10.8M | $1.28B | — | 0.830% | 0.33% |
| 20 | Invesco Ltd. | 10.6M | $1.26B | -24.1% | 0.821% | 0.19% |
| 21 | 1832 Asset Management L.P. | 10.2M | $1.21B | +30.4% | 0.785% | 1.60% |
| 22 | MACKENZIE FINANCIAL CORP | 9.9M | $1.18B | -0.1% | 0.766% | 1.42% |
| 23 | TD ASSET MANAGEMENT INC | 9.6M | $1.13B | +9.9% | 0.738% | 0.92% |
| 24 | GOLDMAN SACHS GROUP INC | 9.5M | $1.12B | -32.5% | 0.728% | 0.13% |
| 25 | WELLINGTON MANAGEMENT GROUP LLP | 9.1M | $1.07B | +40.6% | 0.699% | 0.20% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in SHOP — a direct measure of their conviction.
Filings activity in SHOP during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 1,678 | 7.5% | 65.52% | 28.72 pp | $92.02B | 30% |
| Q4 2025 | 1,814 | +9.3% | 94.24% | +7.58 pp | $132.37B | +8.8% |
| Q3 2025 | 1,660 | +9.9% | 86.66% | +19.57 pp | $121.72B | +29% |
| Q2 2025 | 1,511 | +6.2% | 67.09% | +13.90 pp | $94.23B | +26% |
| Q1 2025 | 1,423 | +1.4% | 53.19% | 6.24 pp | $74.71B | 10% |
| Q4 2024 | 1,403 | +18% | 59.43% | +16.58 pp | $83.48B | +39% |
| Q3 2024 | 1,192 | +4.5% | 42.85% | 8.25 pp | $60.19B | 16% |
| Q2 2024 | 1,141 | — | 51.10% | — | $71.78B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying SHOP stock.
Based on Q1 2026 13F filings, institutional ownership of Shopify Inc. stands at 65.5%, held across 1,678 reporting institutions.
Capital International Investors is the largest reported institutional holder of SHOP, with approximately 50,060,088 shares worth $5.93B as of Q1 2026.
Yes — 1 widely-followed marquee investor appear among the top 25 institutional holders of SHOP, including SUSQUEHANNA INTERNATIONAL GROUP, LLP.
Our composite Smart Money Score for SHOP is 23 out of 100 (Bearish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
204 institutions opened new positions in SHOP during Q1 2026, while 340 fully exited. 182 added to existing positions and 1,288 trimmed.
SHOP institutional ownership fell by 28.72 percentage points quarter-over-quarter, with a net change of -136 holders.
The top 10 institutions account for 37.6% of all reported 13F value in SHOP, and the top 25 account for 60.0%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Shopify Inc. (SHOP) Institutional Ownership