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
-$1,491,643,443
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% $5,003,681,289 59,773,997 BAILLIE GIFFORD & CO 31 Dec 2024
BlackRock, Inc. 4.4% -12% $4,470,417,867 -$631,353,544 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 7,466,304 $1,197,872,011 +$123,270,449 $160.97 231
2025 Q3 829,348,881 $123,338,057,745 -$1,491,643,443 $148.61 1,696
2025 Q2 842,747,026 $97,253,365,684 +$1,367,821,251 $115.35 1,538
2025 Q1 831,676,501 $79,332,295,591 -$186,107,653 $95.48 1,454
2024 Q4 831,285,672 $88,407,440,073 +$1,868,465,417 $106.33 1,445
2024 Q3 812,967,557 $65,182,359,254 +$300,394,580 $80.14 1,231
2024 Q2 814,354,998 $53,784,517,022 +$1,735,256,597 $66.05 1,178
2024 Q1 777,505,429 $60,011,889,602 -$1,730,419,366 $77.17 1,179
2023 Q4 13,327,930 $1,040,116,401 -$403,384,706 $77.90 23
2023 Q3 761,189,741 $41,648,584,213 -$343,356,470 $54.57 1,040
2023 Q2 766,408,263 $49,520,982,336 +$393,698,382 $64.60 1,075
2023 Q1 762,177,964 $36,517,453,188 +$189,290,824 $47.94 963
2022 Q4 758,009,728 $26,312,260,233 +$1,396,424,189 $34.71 920
2022 Q3 710,923,693 $19,164,601,031 +$292,450,405 $26.94 814
2022 Q2 682,907,351 $21,354,208,762 +$17,556,959,341 $31.24 890
2022 Q1 74,880,152 $50,657,732,545 -$3,267,316,781 $675.96 1,070
2021 Q4 78,198,729 $107,714,432,503 +$2,318,141,449 $1377.39 1,285
2021 Q3 76,309,519 $103,852,711,352 +$286,466,930 $1355.78 1,205
2021 Q2 67,918,743 $99,525,967,930 +$1,705,320,210 $1460.98 1,178
2021 Q1 74,558,247 $82,822,185,223 +$3,122,688,048 $1106.50 1,136
2020 Q4 70,596,832 $79,906,240,291 +$1,174,938,250 $1131.94 1,098
2020 Q3 69,326,157 $70,904,078,205 -$504,882,473 $1022.96 920
2020 Q2 70,334,873 $66,815,190,626 +$194,163,965 $949.20 854
2020 Q1 70,190,836 $29,238,688,529 +$97,663,159 $416.93 660
2019 Q4 69,374,971 $27,585,236,584 +$1,344,140,766 $397.58 576
2019 Q3 66,149,823 $20,603,873,574 -$150,074,209 $311.66 511
2019 Q2 66,804,761 $20,052,356,848 -$1,975,950,444 $300.15 478
2019 Q1 74,402,011 $15,369,045,549 +$711,969,470 $206.62 440
2018 Q4 71,878,084 $9,943,166,168 +$530,221,925 $138.45 403
2018 Q3 67,470,116 $11,092,831,469 +$439,700,325 $164.46 388
2018 Q2 65,040,512 $9,486,490,499 +$708,514,537 $145.89 351
2018 Q1 60,733,179 $7,563,461,769 +$616,558,158 $124.59 321
2017 Q4 55,836,003 $5,642,398,541 +$749,033,582 $101.00 266
2017 Q3 47,444,245 $5,523,013,554 +$235,348,829 $116.49 270
2017 Q2 46,305,667 $4,022,807,303 -$82,652,111 $86.90 242
2017 Q1 47,968,192 $3,267,678,981 -$103,331,880 $68.09 211
2016 Q4 50,339,198 $2,158,146,000 -$67,855,345 $42.87 179
2016 Q3 53,025,113 $2,259,964,600 +$477,911,185 $42.92 176
2016 Q2 44,440,620 $1,366,761,000 +$121,608,504 $30.76 122
2016 Q1 40,492,371 $1,142,302,398 +$25,931,119 $28.21 92
2015 Q4 39,716,720 $1,024,576,000 +$465,908,076 $25.80 84
2015 Q3 9,469,603 $333,296,000 +$77,397,980 $35.20 57
2015 Q2 7,294,379 $247,617,851 +$247,617,922 $33.95 54