13F

Stock

Shopify Inc.

SHOP · held by 1,882 managers

Reported value

$128.3B

Holders

1,882

+11 new · −10 exited

Holders’ est. mark

$3.24B

Price effect on 12 books still in the name

Largest holder

$8.16B

Vanguard

Notable conviction

Share of each notable manager’s 13F book.

Holder count by quarter

Who holds it

Notable only
InvestorSharesValueEst. markChange
Vanguard50.7M$8.16B—Held
Fidelity48M$7.73B—Held
Capital World Investors47.8M$7.7B—Held
Capital International Investors38.3M$6.17B—Held
JPMORGAN CHASE & CO33.4M$5.38B—Held
BAILLIE GIFFORD & CO31.2M$5.02B—Held
MORGAN STANLEY26.5M$4.26B$739MCut−$97.4M
ROYAL BANK OF CANADA19.7M$3.18B—Held
JENNISON ASSOCIATES LLC19M$3.05B—Held
FIL Ltd18.4M$2.96B—Held
NORGES BANK16.2M$2.61B$953.6MAdded$1.22B
LOOMIS SAYLES & CO L P14.5M$2.33B—Held
Invesco Ltd.14M$2.26B—Held
GOLDMAN SACHS GROUP INC13.2M$2.12B—Held
GEODE CAPITAL MANAGEMENT, LLC12.6M$2.04B—Held
BANK OF MONTREAL /CAN/12.1M$1.95B—Held
BANK OF AMERICA CORP /DE/11.5M$1.85B$1.17BAdded$192.7M
MACKENZIE FINANCIAL CORP9.96M$1.63B—Held
BlackRock, Inc.10.1M$1.62B—Held
SANDS CAPITAL MANAGEMENT, LLC9.51M$1.53B—Held
NATIONAL BANK OF CANADA /FI/9.42M$1.51B—Held
CANADA PENSION PLAN INVESTMENT BOARD8.76M$1.41B—Held
CIBC WORLD MARKET INC.8.73M$1.41B—Held
TD Asset Management Inc8.71M$1.4B—Held
FRANKLIN RESOURCES INC8.54M$1.38B—Held
1832 Asset Management L.P.7.81M$1.26B—Held
MANUFACTURERS LIFE INSURANCE COMPANY, THE7.76M$1.25B—Held
POLEN CAPITAL MANAGEMENT LLC7.2M$1.16B—Held
WCM INVESTMENT MANAGEMENT, LLC6.7M$1.1B—Held
ALLIANCEBERNSTEIN L.P.6.55M$1.05B—Held
WELLINGTON MANAGEMENT GROUP LLP6.45M$1.04B—Held
Legal & General Group Plc6.35M$1.02B—Held
Newlands Management Operations LLC6.33M$1.02B—Held
Connor, Clark & Lunn Investment Management Ltd.6.2M$998.7M—Held
EDGEWOOD MANAGEMENT LLC6.2M$997.9M—Held
Nuveen, LLC6.1M$983M—Held
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP6.07M$978M—Held
MASSACHUSETTS FINANCIAL SERVICES CO /MA/5.89M$948.6M—Held
Artisan Partners Limited Partnership4.39M$707.2M—Held
JANUS HENDERSON GROUP PLC4.42M$704.4M—Held
CIBC Asset Management Inc4.28M$691.4M—Held
Clearbridge Investments, LLC4.17M$670.8M—Held
ARK Investment Management LLC3.98M$640.5M—Held
Sumitomo Mitsui Trust Group, Inc.3.53M$568.7M—Held
DEUTSCHE BANK AG\3.4M$546.5M—Held
WELLS FARGO & COMPANY/MN3.39M$544.9M—Held
Bank of New York Mellon Corp3.34M$537M—Held
Amova Asset Management Americas, Inc.3.29M$529.8M—Held
Swiss National Bank3.24M$522.6M—Held
TORONTO DOMINION BANK3.21M$517M—Held
Amundi3.12M$501.6M—Held
Winslow Capital Management, LLC2.96M$477.6M—Held
UBS Group AG2.83M$455.1M—Held
Mirova US LLC2.79M$448.5M—Held
CHARLES SCHWAB INVESTMENT MANAGEMENT INC2.62M$423.2M—Held
BANK OF NOVA SCOTIA2.57M$414.5M—Held
SEI INVESTMENTS CO2.52M$404.8M—Held
ICONIQ Capital, LLC2.46M$395.4M—Held
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main2.34M$376.5M$330.5MAdded$144.4M
BAMCO INC /NY/2.29M$368.3M—Held
Federation des caisses Desjardins du Quebec2.27M$365.1M—Held
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp2.26M$363.5M—Held
RAYMOND JAMES FINANCIAL INC2.24M$359.9M—Held
GILDER GAGNON HOWE & CO LLC2.18M$350.7M—Held
AMERIPRISE FINANCIAL INC2.12M$343.4M—Held
Durable Capital Partners LP2.04M$328.9M—Held
Castle Hook Partners LP1.98M$318.7M—Held
PICTON MAHONEY ASSET MANAGEMENT1.93M$311.7M—Held
Capital Research Global Investors1.92M$308.7M—Held
MARSHALL WACE, LLP1.9M$305.8M—Held
ProShare Advisors LLC1.9M$305.8M—Held
MUFG SECURITIES (CANADA), LTD.1.86M$299.9M—Held
ENVESTNET ASSET MANAGEMENT INC1.85M$297.7M—Held
NORTHERN TRUST CORP1.77M$285.5M—Held
Ashe Capital Management, LP1.75M$281.7M—Held
BARCLAYS PLC1.75M$281.6M$21.6MAdded$18.6M
BROWN ADVISORY INC1.74M$280.8M—Held
Polar Capital Holdings Plc1.68M$270.2M—Held
ZEVENBERGEN CAPITAL INVESTMENTS LLC1.67M$269.6M—Held
Barton Investment Management1.64M$264.1M—Held
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.1.64M$263.5M—Held
Strategy Capital LLC1.64M$263.3M—Held
Russell Investments Group, Ltd.1.54M$249.3M—Held
Caisse de depot et placement du Quebec1.41M$227.6M—Held
Rathbones Group PLC1.4M$225.6M—Held
VOYA INVESTMENT MANAGEMENT LLC1.39M$224.1M—Held
LPL Financial LLC1.38M$221.5M—Held
Pictet Asset Management Holding SA1.36M$219.8M—Held
CITIGROUP INC1.34M$215.5M—Held
FEDERATED HERMES, INC.1.33M$214.8M—Held
D. E. Shaw & Co., Inc.1.28M$206.1M—Held
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND1.22M$195.6M—Held
SCOTIA CAPITAL INC.1.16M$186.7M—Held
AXIOM INVESTORS LLC /DE1.1M$176.8M—Held
STEADFAST CAPITAL MANAGEMENT LP1.08M$173.1M—Held
AMERICAN CENTURY COMPANIES INC1.07M$172.5M—Held
BNP PARIBAS FINANCIAL MARKETS1.03M$166M—Held
AVIVA PLC1.02M$164.9M—Held
Rockefeller Capital Management L.P.992K$159.7M—Held
NOMURA ASSET MANAGEMENT INTERNATIONAL INC.987.8K$159M—Held
FIRST TRUST ADVISORS LP980.6K$157.9M—Held
Korea Investment CORP945.4K$152.4M—Held
Addenda Capital Inc.683.4K$151M—Held
Hudson Bay Capital Management LP925.7K$149M$826.1KAdded$139.1M
CIBC Private Wealth Group LLC913.5K$147M—Held
NEUBERGER BERMAN GROUP LLC853.4K$137.4M—Held
TCW GROUP INC838.6K$135M—Held
MUFG Securities EMEA plc820K$132.1M—Held
State Street819.5K$131.9M—Held
CONGRESS ASSET MANAGEMENT CO802.3K$129.1M—Held
SCHRODER INVESTMENT MANAGEMENT GROUP779.8K$127.7M—Held
Allspring Global Investments Holdings, LLC793.7K$124.8M—Held
DIMENSIONAL FUND ADVISORS LP755.2K$121.6M—Held
SUSQUEHANNA ADVISORS GROUP, INC.738.3K$118.8M—Held
Holocene Advisors, LP732.1K$117.8M—Held
State of Tennessee, Department of Treasury863.2K$113.8M—Held
CAPITAL INTERNATIONAL SARL695K$111.9M—Held
Allen Investment Management, LLC687K$110.5M—Held
Assenagon Asset Management S.A.677.5K$109.1M—Held
BLAIR WILLIAM & CO/IL610.7K$98.3M—Held
APG Asset Management N.V.713.5K$97.8M—Held
Select Equity Group, L.P.598.6K$96.4M—Held
PUBLIC SECTOR PENSION INVESTMENT BOARD593.6K$95.6M—Held
Robeco Institutional Asset Management B.V.588.7K$94.8M—Held
Alberta Investment Management Corp588.1K$94.7M$3.92MAdded$48M
Capital International, Inc./CA/588.1K$94.7M—Held
FRED ALGER MANAGEMENT, LLC588K$94.7M—Held
Altimeter Capital Management, LP570.2K$91.8M—Held
VICTORY CAPITAL MANAGEMENT INC555.7K$89.5M—Held
AustralianSuper Pty Ltd555.3K$89.4M—Held
Zurcher Kantonalbank (Zurich Cantonalbank)546.3K$87.9M—Held
Stony Point Capital LLC541.3K$87.1M—Held
STRS OHIO533.3K$85.9M—Held
Mirae Asset Global Investments Co., Ltd.526.1K$84.7M—Held
SUSQUEHANNA INTERNATIONAL GROUP, LLP518.3K$83.4M—Held
CI INVESTMENTS INC.518.1K$83.4M—Held
ROYAL LONDON ASSET MANAGEMENT LTD513.8K$82.7M—Held
TD Waterhouse Canada Inc.514.3K$82.7M—Held
NEOS Investment Management LLC497.6K$80.1M—Held
Hillsdale Investment Management Inc.479.4K$77.3M—Held
OSAIC HOLDINGS, INC.480.4K$77.3M—Held
STATE OF WISCONSIN INVESTMENT BOARD439.8K$70.9M—Held
Allianz Asset Management GmbH431.9K$69.6M—Held
AEGON ASSET MANAGEMENT UK Plc430.6K$69.3M$14.9MAdded$32M
Ensign Peak Advisors, Inc429.3K$69.1M—Held
Privium Fund Management B.V.410K$66M—Held
Creative Planning409.4K$65.9M—Held
Zurich Insurance Group Ltd/FI409.2K$65.9M—Held
STIFEL FINANCIAL CORP407.4K$65.6M—Held
Munro Partners392.9K$63.3M—Held
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC391.2K$63M—Held
CAPITAL INTERNATIONAL LTD /CA/388.2K$62.5M—Held
Mitsubishi UFJ Trust & Banking Corp385.7K$62M—Held
TRUIST FINANCIAL CORP381.3K$61.4M—Held
HSBC HOLDINGS PLC378.5K$61.2M—Held
NZS Capital, LLC379.3K$61.1M—Held
Altshuler Shaham Ltd377.6K$60.8M—Held
Erste Asset Management GmbH347.2K$58.3M—Held
Quadrature Capital Ltd357.7K$57.7M—Held
SurgoCap Partners LP348.1K$56M—Held
Advisors Asset Management, Inc.346.3K$55.7M—Held
CASTLEARK MANAGEMENT LLC345.4K$55.6M—Held
Balyasny Asset Management L.P.342.8K$55.2M—Held
AMF Tjanstepension AB341K$54.9M—Held
Cetera Investment Advisers327.9K$52.8M—Held
Life Cycle Investment Partners Ltd323.1K$52M—Held
COMMONWEALTH EQUITY SERVICES, LLC322K$51.8M—Held
EQUITABLE TRUST CO318.7K$51.3M—Held
JANE STREET GROUP, LLC310.3K$50M—Held
GF FUND MANAGEMENT CO. LTD.307.7K$49.5M—Held
PRINCIPAL FINANCIAL GROUP INC291.9K$47M—Held
GUGGENHEIM CAPITAL LLC290.5K$46.8M—Held
OPPENHEIMER ASSET MANAGEMENT INC.287K$46.2M—Held
Lansforsakringar Fondforvaltning AB (publ)285.9K$46.1M—Held
HUNTINGTON NATIONAL BANK278.4K$44.8M—Held
Mariner, LLC273.2K$43.9M—Held
Cumberland Partners Ltd272.2K$43.9M—Held
FORSTA AP-FONDEN269.1K$43.4M—Held
Walleye Capital LLC267.7K$43.1M—Held
INTACT INVESTMENT MANAGEMENT INC.265.8K$42.8M—Held
Cornerstone Capital, Inc.260.8K$42M—Held
MILLENNIUM MANAGEMENT LLC260K$41.9M—Held
Union Bancaire Privee, UBP SA278.7K$41.7M—Held
Investment Management Corp of Ontario254.5K$41M—Held
Steadview Capital Management LLC252.6K$40.7M—Held
BROWN CAPITAL MANAGEMENT LLC248.1K$39.9M—Held
Northwest & Ethical Investments L.P.238.9K$38.6M—Held
OSSIAM237.6K$38.3M—Held
Liontrust Investment Partners LLP232.9K$37.5M—Held
Icahn Capital230.4K$37.1M—Held
Gavilan Investment Partners LLC230K$37M—Held
INTECH INVESTMENT MANAGEMENT LLC222.3K$35.8M—Held
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO215.6K$34.7M—Held
ASSETMARK, INC213.6K$34.4M—Held
O'SHAUGHNESSY ASSET MANAGEMENT, LLC211.1K$34M—Held
HighTower Advisors, LLC207.7K$33.4M—Held
Skandinaviska Enskilda Banken AB (publ)207.1K$33.3M—Held
NOMURA HOLDINGS INC205.7K$33.1M—Held
Focus Partners Wealth204.7K$32.8M—Held
Quantinno Capital Management LP200.9K$32.3M—Held
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO200.4K$32.3M—Held
Pathstone Holdings, LLC197.9K$31.9M—Held
Varma Mutual Pension Insurance Co191.4K$30.9M—Held
USS Investment Management Ltd191.7K$30.8M—Held
MML INVESTORS SERVICES, LLC191.4K$30.8M—Held
Man Group plc185.7K$29.9M—Held
Swiss Life Asset Management Ltd185K$29.8M$2.03MAdded$4.99M
Ampersand Capital Group, L.P.184.8K$29.7M—Held
Triasima Portfolio Management inc.182.3K$29.4M—Held
PBU - The Pension Fund of Early Childhood & Youth Educators182.2K$29.4M—Held
Citadel179.3K$28.9M—Held
IQ EQ FUND MANAGEMENT (IRELAND) Ltd178.6K$28.8M—Held
Maryland State Retirement & Pension System178.4K$28.7M—Held
NISSAY ASSET MANAGEMENT CORP /JAPAN176.2K$28.3M—Held
D.A. DAVIDSON & CO.175.9K$28.3M—Held
BIT Capital GmbH174.2K$28M—Held
LAZARD ASSET MANAGEMENT LLC173.7K$28M—Held
Baker Avenue Asset Management, LP169.9K$27.3M—Held
ODDO BHF ASSET MANAGEMENT SAS122.7K$27.1M—Held
Sanctuary Advisors, LLC166.8K$26.8M$2.06MAdded$1.81M
LYELL WEALTH MANAGEMENT, LP164.9K$26.5M—Held
Atria Investments, Inc161.4K$26M—Held
TREMBLANT CAPITAL GROUP161.3K$26M—Held
Benchstone Capital Management LP158K$25.4M—Held
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC146.2K$24.8M—Held
Manchester Global Management (UK) Ltd153K$24.6M—Held
Welch & Forbes LLC152.9K$24.6M—Held
Baird Financial Group, Inc.152.4K$24.5M—Held
Harvest Portfolios Group Inc.150.5K$24.2M—Held
Apollon Wealth Management, LLC149.5K$24.1M—Held
Gryphon Financial Partners LLC147.7K$23.8M—Held
Arthedge Capital Management, LLC146.6K$23.6M—Held
AGF MANAGEMENT LTD144.9K$23.5M—Held
TRILLIUM ASSET MANAGEMENT, LLC140.1K$22.7M—Held
SHELTON CAPITAL MANAGEMENT139.4K$22.4M—Held
Candriam S.C.A.139K$22.4M—Held
THORNBURG INVESTMENT MANAGEMENT INC137.3K$22.1M—Held
Meridian Wealth Management, LLC137.1K$22.1M—Held
Utah Retirement Systems135.5K$21.8M—Held
Vestmark Advisory Solutions, Inc.132.9K$21.4M—Held
AIA Group Ltd132.7K$21.4M$1.64MCut−$5.9M
JONES FINANCIAL COMPANIES LLLP131K$21.1M—Held
Cresset Asset Management, LLC130.4K$21M$1.59MAdded$1.82M
Telemark Asset Management, LLC130K$20.9M—Held
One Madison Group LLC130K$20.9M—Held
ITHAKA GROUP LLC127.7K$20.6M—Held
Cerity Partners LLC127.2K$20.5M—Held
Henry James International Management Inc.126.3K$20.3M—Held
PNC Financial Services Group, Inc.125.4K$20.2M—Held
Alta Park Capital, LP125.4K$20.2M—Held

Who left

Positions as of Q4 2025. 13F filings arrive up to 45 days after quarter-end and omit shorts. Values are quarter-end marks, as filed. Estimated mark is the price effect on shares still held — not realized P&L or investment advice.