Shopify Inc. (SHOP) Institutional Ownership

Institutions by Trading Activity

Ownership Statistics

1,309,574,468Shares Outstanding

8,914,443Shares held by institutions

$1,012,145,858Value of institutional holdings

60.14%Institutional ownership %

1.44%Shares Changed QoQ

1,759No. of institutional investors

Shares Owned by Institutions

Shares Purchased/Sold by Institutions

Ownership Summary

The institutional landscape for Shopify Inc. (NASDAQ:SHOP) includes 1759 filers as of the latest reporting cycle ending December 2025.

These investors collectively held 60.1% of the company's total shares outstanding in December 2025, down from 64.0% in September 2025.
On a quarter-over-quarter basis, institutional holdings shifted by 1.44%, with a year-over-year an increase of 20.07% in the count of filers.
The latest 13F cycle for Shopify reveals that of 1759 total investors, 883 funds grew their exposure, whereas 630 reduced theirs and 246 made no changes.
The total number of shares held by institutions in Shopify increased to 787.54Mn as of December 2025, a net change of up by 11.22Mn shares quarter on quarter, and down 42.40Mn shares year over year.
VANGUARD GROUP INC continues to be the largest institutional holder of Shopify as of December 31, 2025, with a position of 50.67Mn shares, representing 3.87% of the company's outstanding stock.
Among the most significant buyers of Shopify during December 2025 were NORGES BANK (16.22Mn), WCM INVESTMENT MANAGEMENT, LLC (6.70Mn), Rockefeller Capital Management L.P. (5.44Mn), 1832 Asset Management L.P. (4.37Mn), GOLDMAN SACHS GROUP INC (3.39Mn).
Leading sellers of Shopify stock in December 2025 included Capital Research Global Investors (7.59Mn), CIBC WORLD MARKET INC. (7.51Mn), Capital World Investors (5.79Mn), BAILLIE GIFFORD & CO (4.24Mn), POLEN CAPITAL MANAGEMENT LLC (3.86Mn).
The top 10 institutional holders of Shopify for the quarter ending December 2025 included VANGUARD GROUP INC (50.67Mn), FMR LLC (48.00Mn), Capital World Investors (47.82Mn), Capital International Investors (38.34Mn), JPMORGAN CHASE & CO (33.42Mn), BAILLIE GIFFORD & CO (31.21Mn), MORGAN STANLEY (26.45Mn), ROYAL BANK OF CANADA (19.74Mn), JENNISON ASSOCIATES LLC (18.97Mn), FIL Ltd (18.39Mn).

1,759 Institutional Holders

8,914,443 Total Shares Held

Rows:

Download Data

Owner Name	Date	Shares Held	Change (QoQ)	Change (%)	Value (USD)
VANGUARD GROUP INC	31 Dec, 2025	50,670,627	743,803	1.49%	$8,158,643,097.00
FMR LLC	31 Dec, 2025	48,003,077	1,567,962	3.38%	$7,728,481,908.00
Capital World Investors	31 Dec, 2025	47,822,705	-5,789,891	-10.80%	$7,698,323,215.00
Capital International Investors	31 Dec, 2025	38,343,155	-269,516	-0.70%	$6,174,037,839.00
JPMORGAN CHASE & CO	31 Dec, 2025	33,418,297	-527,560	-1.55%	$5,379,343,582.00
BAILLIE GIFFORD & CO	31 Dec, 2025	31,206,232	-4,237,555	-11.96%	$5,023,267,732.00
MORGAN STANLEY	31 Dec, 2025	26,453,143	-2,831,419	-9.67%	$4,258,162,668.00
ROYAL BANK OF CANADA	31 Dec, 2025	19,735,551	-2,680,719	-11.96%	$3,176,832,000.00
JENNISON ASSOCIATES LLC	31 Dec, 2025	18,966,407	42,976	0.23%	$3,053,022,527.00
FIL Ltd	31 Dec, 2025	18,385,371	-790,165	-4.12%	$2,960,303,927.00
NORGES BANK	31 Dec, 2025	16,224,694	16,224,694	0.00%	$2,611,797,330.00
LOOMIS SAYLES & CO L P	31 Dec, 2025	14,470,169	-340,434	-2.30%	$2,329,263,037.00
GOLDMAN SACHS GROUP INC	31 Dec, 2025	13,960,145	3,386,338	32.03%	$2,247,164,510.00
GEODE CAPITAL MANAGEMENT, LLC	31 Dec, 2025	12,601,476	737,892	6.22%	$2,043,365,035.00
BANK OF MONTREAL /CAN/	31 Dec, 2025	12,124,197	-1,523,599	-11.16%	$1,952,207,351.00
BANK OF AMERICA CORP /DE/	31 Dec, 2025	11,481,591	461,327	4.19%	$1,848,191,697.00
BlackRock, Inc.	31 Dec, 2025	10,087,672	1,303,871	14.84%	$1,623,812,597.00
SANDS CAPITAL MANAGEMENT, LLC	31 Dec, 2025	9,506,036	2,568,765	37.03%	$1,530,186,615.00
NATIONAL BANK OF CANADA /FI/	31 Dec, 2025	9,417,620	-427,960	-4.35%	$1,512,591,780.00
CANADA PENSION PLAN INVESTMENT BOARD	31 Dec, 2025	8,763,307	3,379,933	62.78%	$1,411,045,395.00

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