SHOP
Shopify Inc. · Technology · Software - Application
Momentum inputs (comparable managers):
holder breadth +2.9% ·
share flow -5.7% ·
net new positions +3.4%
— formula
Ownership fragmentation — more holders, smaller aggregate stake
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q4 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 169 | +3 | 694.11M | $78.35B | +5 | −1 |
| Q1 2026 | 167 | -10 | 688.07M | $81.87B | +2 | −13 |
| Q4 2025 | 176 | +5 | 729.50M | $117.38B | +6 | — |
| Q3 2025 | 23 | -1 | 362.89M | $53.93B | +1 | −3 |
| Q2 2025 | 22 | -4 | 284.70M | $32.85B | — | −4 |
| Q1 2025 | 23 | +1 | 200.54M | $19.15B | +2 | −1 |
| Q4 2024 | 22 | +3 | 212.84M | $22.63B | +3 | — |
| Q3 2024 | 18 | -2 | 205.97M | $16.51B | +1 | −3 |
| Q2 2024 | 20 | — | 198.46M | $13.11B | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | The Vanguard Group ✦ (passive) | 50.67M | +1.5% | $8.16B | 0.1% | ▲ Add | 3 | SEC ↗ |
| 2 | The Vanguard Group ✦ (passive) | 50.67M | +1.5% | $8.16B | 0.1% | ▲ Add | 3 | SEC ↗ |
| 3 | The Vanguard Group ✦ (passive) | 50.67M | +1.5% | $8.16B | 0.1% | ▲ Add | 3 | SEC ↗ |
| 4 | The Vanguard Group ✦ (passive) | 50.67M | +1.5% | $8.16B | 0.1% | ▲ Add | 3 | SEC ↗ |
| 5 | The Vanguard Group ✦ (passive) | 50.67M | +1.5% | $8.16B | 0.1% | ▲ Add | 3 | SEC ↗ |
| 6 | The Vanguard Group ✦ (passive) | 50.67M | +1.5% | $8.16B | 0.1% | ▲ Add | 3 | SEC ↗ |
| 7 | Fidelity (FMR) ✦ | 48.00M | +3.4% | $7.73B | 0.4% | ▲ Add | 3 | SEC ↗ |
| 8 | Fidelity (FMR) ✦ | 48.00M | +3.4% | $7.73B | 0.4% | ▲ Add | 3 | SEC ↗ |
| 9 | Fidelity (FMR) ✦ | 48.00M | +3.4% | $7.73B | 0.4% | ▲ Add | 3 | SEC ↗ |
| 10 | Fidelity (FMR) ✦ | 48.00M | +3.4% | $7.73B | 0.4% | ▲ Add | 3 | SEC ↗ |
| 11 | Fidelity (FMR) ✦ | 48.00M | +3.4% | $7.73B | 0.4% | ▲ Add | 3 | SEC ↗ |
| 12 | Fidelity (FMR) ✦ | 48.00M | +3.4% | $7.73B | 0.4% | ▲ Add | 3 | SEC ↗ |
| 13 | Fidelity (FMR) ✦ | 48.00M | +3.4% | $7.73B | 0.4% | ▲ Add | 3 | SEC ↗ |
| 14 | Capital World Investors ✦ | 47.82M | -10.8% | $7.70B | 1.0% | ▼ Trim | 7 | SEC ↗ |
| 15 | Invesco Ltd. | 41.49M | — | $6.68B | 0.6% | n/c | 1 | SEC ↗ |
| 16 | Invesco Ltd. | 41.49M | — | $6.68B | 0.6% | n/c | 1 | SEC ↗ |
| 17 | Invesco Ltd. | 41.49M | — | $6.68B | 0.6% | n/c | 1 | SEC ↗ |
| 18 | Invesco Ltd. | 41.49M | — | $6.68B | 0.6% | n/c | 1 | SEC ↗ |
| 19 | Invesco Ltd. | 41.49M | — | $6.68B | 0.6% | n/c | 1 | SEC ↗ |
| 20 | Invesco Ltd. | 41.49M | — | $6.68B | 0.6% | n/c | 1 | SEC ↗ |
| 21 | Invesco Ltd. | 41.49M | — | $6.68B | 0.6% | n/c | 1 | SEC ↗ |
| 22 | Invesco Ltd. | 41.49M | — | $6.68B | 0.6% | n/c | 1 | SEC ↗ |
| 23 | Invesco Ltd. | 41.49M | — | $6.68B | 0.6% | n/c | 1 | SEC ↗ |
| 24 | Invesco Ltd. | 41.49M | — | $6.68B | 0.6% | n/c | 1 | SEC ↗ |
| 25 | Invesco Ltd. | 41.49M | — | $6.68B | 0.6% | n/c | 1 | SEC ↗ |
| 26 | Invesco Ltd. | 41.49M | — | $6.68B | 0.6% | n/c | 1 | SEC ↗ |
| 27 | Invesco Ltd. | 41.49M | — | $6.68B | 0.6% | n/c | 1 | SEC ↗ |
| 28 | Invesco Ltd. | 41.49M | — | $6.68B | 0.6% | n/c | 1 | SEC ↗ |
| 29 | Invesco Ltd. | 41.49M | — | $6.68B | 0.6% | n/c | 1 | SEC ↗ |
| 30 | Invesco Ltd. | 41.49M | — | $6.68B | 0.6% | n/c | 1 | SEC ↗ |
| 31 | Invesco Ltd. | 41.49M | — | $6.68B | 0.6% | n/c | 1 | SEC ↗ |
| 32 | Invesco Ltd. | 41.49M | — | $6.68B | 0.6% | n/c | 1 | SEC ↗ |
| 33 | Invesco Ltd. | 41.49M | — | $6.68B | 0.6% | n/c | 1 | SEC ↗ |
| 34 | Invesco Ltd. | 41.49M | — | $6.68B | 0.6% | n/c | 1 | SEC ↗ |
| 35 | Invesco Ltd. | 41.49M | — | $6.68B | 0.6% | n/c | 1 | SEC ↗ |
| 36 | Invesco Ltd. | 41.49M | — | $6.68B | 0.6% | n/c | 1 | SEC ↗ |
| 37 | Invesco Ltd. | 41.49M | — | $6.68B | 0.6% | n/c | 1 | SEC ↗ |
| 38 | Invesco Ltd. | 41.49M | — | $6.68B | 0.6% | n/c | 1 | SEC ↗ |
| 39 | Capital International Investors | 38.34M | — | $6.17B | 1.0% | n/c | 1 | SEC ↗ |
| 40 | JPMorgan Chase ✦ | 33.42M | -50.8% | $5.38B | 0.4% | ▼ Trim | 2 | SEC ↗ |
| 41 | JPMorgan Chase ✦ | 33.42M | -50.8% | $5.38B | 0.4% | ▼ Trim | 2 | SEC ↗ |
| 42 | JPMorgan Chase ✦ | 33.42M | -50.8% | $5.38B | 0.4% | ▼ Trim | 2 | SEC ↗ |
| 43 | JPMorgan Chase ✦ | 33.42M | -50.8% | $5.38B | 0.4% | ▼ Trim | 2 | SEC ↗ |
| 44 | JPMorgan Chase ✦ | 33.42M | -50.8% | $5.38B | 0.4% | ▼ Trim | 2 | SEC ↗ |
| 45 | JPMorgan Chase ✦ | 33.42M | -50.8% | $5.38B | 0.4% | ▼ Trim | 2 | SEC ↗ |
| 46 | JPMorgan Chase ✦ | 33.42M | -50.8% | $5.38B | 0.4% | ▼ Trim | 2 | SEC ↗ |
| 47 | JPMorgan Chase ✦ | 33.42M | -50.8% | $5.38B | 0.4% | ▼ Trim | 2 | SEC ↗ |
| 48 | JPMorgan Chase ✦ | 33.42M | -50.8% | $5.38B | 0.4% | ▼ Trim | 2 | SEC ↗ |
| 49 | JPMorgan Chase ✦ | 33.42M | -50.8% | $5.38B | 0.4% | ▼ Trim | 2 | SEC ↗ |
| 50 | JPMorgan Chase ✦ | 33.42M | -50.8% | $5.38B | 0.4% | ▼ Trim | 2 | SEC ↗ |
| 51 | JPMorgan Chase ✦ | 33.42M | -50.8% | $5.38B | 0.4% | ▼ Trim | 2 | SEC ↗ |
| 52 | JPMorgan Chase ✦ | 33.42M | -50.8% | $5.38B | 0.4% | ▼ Trim | 2 | SEC ↗ |
| 53 | JPMorgan Chase ✦ | 33.42M | -50.8% | $5.38B | 0.4% | ▼ Trim | 2 | SEC ↗ |
| 54 | JPMorgan Chase ✦ | 33.42M | -50.8% | $5.38B | 0.4% | ▼ Trim | 2 | SEC ↗ |
| 55 | JPMorgan Chase ✦ | 33.42M | -50.8% | $5.38B | 0.4% | ▼ Trim | 2 | SEC ↗ |
| 56 | JPMorgan Chase ✦ | 33.42M | -50.8% | $5.38B | 0.4% | ▼ Trim | 2 | SEC ↗ |
| 57 | JPMorgan Chase ✦ | 33.42M | -50.8% | $5.38B | 0.4% | ▼ Trim | 2 | SEC ↗ |
| 58 | JPMorgan Chase ✦ | 33.42M | -50.8% | $5.38B | 0.4% | ▼ Trim | 2 | SEC ↗ |
| 59 | JPMorgan Chase ✦ | 33.42M | -50.8% | $5.38B | 0.4% | ▼ Trim | 2 | SEC ↗ |
| 60 | JPMorgan Chase ✦ | 33.42M | -50.8% | $5.38B | 0.4% | ▼ Trim | 2 | SEC ↗ |
| 61 | JPMorgan Chase ✦ | 33.42M | -50.8% | $5.38B | 0.4% | ▼ Trim | 2 | SEC ↗ |
| 62 | Baillie Gifford ✦ | 31.21M | -12.0% | $5.02B | 4.2% | ▼ Trim | 7 | SEC ↗ |
| 63 | Baillie Gifford ✦ | 31.21M | -12.0% | $5.02B | 4.2% | ▼ Trim | 7 | SEC ↗ |
| 64 | Baillie Gifford ✦ | 31.21M | -12.0% | $5.02B | 4.2% | ▼ Trim | 7 | SEC ↗ |
| 65 | Baillie Gifford ✦ | 31.21M | -12.0% | $5.02B | 4.2% | ▼ Trim | 7 | SEC ↗ |
| 66 | Baillie Gifford ✦ | 31.21M | -12.0% | $5.02B | 4.2% | ▼ Trim | 7 | SEC ↗ |
| 67 | Baillie Gifford ✦ | 31.21M | -12.0% | $5.02B | 4.2% | ▼ Trim | 7 | SEC ↗ |
| 68 | Baillie Gifford ✦ | 31.21M | -12.0% | $5.02B | 4.2% | ▼ Trim | 7 | SEC ↗ |
| 69 | Morgan Stanley ✦ | 26.45M | -9.7% | $4.26B | 0.3% | ▼ Trim | 2 | SEC ↗ |
| 70 | Morgan Stanley ✦ | 26.45M | -9.7% | $4.26B | 0.3% | ▼ Trim | 2 | SEC ↗ |
| 71 | Morgan Stanley ✦ | 26.45M | -9.7% | $4.26B | 0.3% | ▼ Trim | 2 | SEC ↗ |
| 72 | Morgan Stanley ✦ | 26.45M | -9.7% | $4.26B | 0.3% | ▼ Trim | 2 | SEC ↗ |
| 73 | Morgan Stanley ✦ | 26.45M | -9.7% | $4.26B | 0.3% | ▼ Trim | 2 | SEC ↗ |
| 74 | Morgan Stanley ✦ | 26.45M | -9.7% | $4.26B | 0.3% | ▼ Trim | 2 | SEC ↗ |
| 75 | Morgan Stanley ✦ | 26.45M | -9.7% | $4.26B | 0.3% | ▼ Trim | 2 | SEC ↗ |
| 76 | Morgan Stanley ✦ | 26.45M | -9.7% | $4.26B | 0.3% | ▼ Trim | 2 | SEC ↗ |
| 77 | Morgan Stanley ✦ | 26.45M | -9.7% | $4.26B | 0.3% | ▼ Trim | 2 | SEC ↗ |
| 78 | Morgan Stanley ✦ | 26.45M | -9.7% | $4.26B | 0.3% | ▼ Trim | 2 | SEC ↗ |
| 79 | Morgan Stanley ✦ | 26.45M | -9.7% | $4.26B | 0.3% | ▼ Trim | 2 | SEC ↗ |
| 80 | Morgan Stanley ✦ | 26.45M | -9.7% | $4.26B | 0.3% | ▼ Trim | 2 | SEC ↗ |
| 81 | Morgan Stanley ✦ | 26.45M | -9.7% | $4.26B | 0.3% | ▼ Trim | 2 | SEC ↗ |
| 82 | Morgan Stanley ✦ | 26.45M | -9.7% | $4.26B | 0.3% | ▼ Trim | 2 | SEC ↗ |
| 83 | Morgan Stanley ✦ | 26.45M | -9.7% | $4.26B | 0.3% | ▼ Trim | 2 | SEC ↗ |
| 84 | Morgan Stanley ✦ | 26.45M | -9.7% | $4.26B | 0.3% | ▼ Trim | 2 | SEC ↗ |
| 85 | Morgan Stanley ✦ | 26.45M | -9.7% | $4.26B | 0.3% | ▼ Trim | 2 | SEC ↗ |
| 86 | Morgan Stanley ✦ | 26.45M | -9.7% | $4.26B | 0.3% | ▼ Trim | 2 | SEC ↗ |
| 87 | Morgan Stanley ✦ | 26.45M | -9.7% | $4.26B | 0.3% | ▼ Trim | 2 | SEC ↗ |
| 88 | T. Rowe Price ✦ | 23.53M | -11.0% | $3.79B | 0.4% | ▼ Trim | 7 | SEC ↗ |
| 89 | T. Rowe Price ✦ | 23.53M | -11.0% | $3.79B | 0.4% | ▼ Trim | 7 | SEC ↗ |
| 90 | Royal Bank Of Canada | 19.74M | — | $3.18B | 0.6% | n/c | 1 | SEC ↗ |
| 91 | Royal Bank Of Canada | 19.74M | — | $3.18B | 0.6% | n/c | 1 | SEC ↗ |
| 92 | Royal Bank Of Canada | 19.74M | — | $3.18B | 0.6% | n/c | 1 | SEC ↗ |
| 93 | Royal Bank Of Canada | 19.74M | — | $3.18B | 0.6% | n/c | 1 | SEC ↗ |
| 94 | Royal Bank Of Canada | 19.74M | — | $3.18B | 0.6% | n/c | 1 | SEC ↗ |
| 95 | Royal Bank Of Canada | 19.74M | — | $3.18B | 0.6% | n/c | 1 | SEC ↗ |
| 96 | Royal Bank Of Canada | 19.74M | — | $3.18B | 0.6% | n/c | 1 | SEC ↗ |
| 97 | Royal Bank Of Canada | 19.74M | — | $3.18B | 0.6% | n/c | 1 | SEC ↗ |
| 98 | Royal Bank Of Canada | 19.74M | — | $3.18B | 0.6% | n/c | 1 | SEC ↗ |
| 99 | Royal Bank Of Canada | 19.74M | — | $3.18B | 0.6% | n/c | 1 | SEC ↗ |
| 100 | Royal Bank Of Canada | 19.74M | — | $3.18B | 0.6% | n/c | 1 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| No new tracked buyers this quarter. |
Exited
| No tracked exits this quarter. |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 1 holders, 28.47K shares, $3.23M reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.