Shopify Ownership | Who Owns Shopify?

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Shopify Ownership Summary

Shopify is owned by 11.37% institutional investors, 0.19% insiders, and 88.44% retail investors. Vanguard group is the largest institutional shareholder, holding 3.90% of SHOP shares. American Funds Growth Fund of Amer A is the top mutual fund, with 2.22% of its assets in Shopify shares.

SHOP Ownership Benchmark

Type	Name	% Inst	% Insiders	% Retail
Stock	Shopify	11.37%	0.19%	88.44%
Sector	Technology Stocks	35.30%	13.07%	51.63%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Vanguard group	50.67M	3.90%	$8.16B
Capital world investors	47.82M	3.68%	$7.70B
Fmr	46.44M	3.58%	$6.90B
Capital investors	38.34M	2.95%	$6.17B
Jpmorgan chase	33.42M	2.57%	$5.38B
Baillie gifford	31.21M	2.40%	$5.02B
Price t rowe associates inc /md/	26.43M	2.04%	$3.93B
Morgan stanley	26.45M	2.04%	$4.26B
Royal bank of canada	22.42M	1.73%	$3.33B
Fil	19.18M	1.48%	$2.85T

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Barton investment management	1.64M	28.45%	$264.06M
Ashe capital management, lp	2.19M	22.90%	$324.82M
Strategy capital	1.83M	17.95%	$271.25M
Arthedge capital management	160.00K	15.09%	$23.78M
Ampersand capital group	184.76K	12.37%	$27.46M
Privium fund management b.v.	410.00K	12.15%	$66.00M
Gavilan investment partners	305.00K	10.13%	$45.33M
Marcho partners llp	169.56K	9.61%	$25.20B
Square peg capital pty	65.22K	8.76%	$9.69M
Mufg securities (canada)	2.02M	8.39%	$300.00M

Top Buyers

Holder	Shares	% Assets	Change
Norges bank	16.22M	0.28%	16.22M
Wcm investment management	6.70M	2.26%	6.70M
Goldman sachs group	13.18M	0.26%	3.19M
Invesco	12.77M	0.30%	2.81M
Manufacturers life insurance company, the	8.11M	0.99%	2.62M

Top Sellers

Holder	Shares	% Assets	Change
Capital research global investors	1.92M	0.06%	-7.59M
Capital world investors	47.82M	1.05%	-5.79M
Price t rowe associates inc /md/	26.43M	0.42%	-5.24M
Baillie gifford	31.21M	4.17%	-4.24M
Polen capital management	7.20M	4.95%	-3.86M

New Positions

Holder	Shares	% Assets	Change	Value
Norges bank	16.22M	0.28%	16.22M	$2.61B
Wcm investment management	6.70M	2.26%	6.70M	$1.10B
Steadfast capital management lp	948.32K	2.46%	948.32K	$140.93M
Whale rock capital management	765.47K	1.34%	765.47K	$113.76M
Axa investment managers	718.87K	0.29%	718.87K	$106.83M

Sold Out

Holder	Change
Grey fox wealth advisors	-2.00
Frazier financial advisors	-6.00
Gs investments	-7.00
Indiana trust & investment management	-10.00
Oakworth capital	-13.00

Institutional Ownership Trends

Date	Holdings	Change %	Shares	Change %	Ownership	Change %	Increased Position	Change %	Decreased Position	Change %
Dec 31, 2025	899	-50.44%	147,755,692	-82.19%	11	0.28%	409	-51.08%	324	-47.74%
Sep 30, 2025	1,012	-38.22%	222,885,852	-73.55%	17	0.41%	453	-44.49%	357	-29.72%
Jun 30, 2025	1,607	3.74%	842,267,145	1.10%	64	1.57%	803	17.74%	496	-9.65%
Mar 31, 2025	27	-98.26%	16,708,139	-97.99%	1	0.03%	10	-98.64%	5	-99.05%
Dec 31, 2024	1,553	15.72%	832,610,669	1.96%	64	1.61%	736	17.57%	524	21.58%

Top Mutual Funds Shareholders

Holder	Shares	% Holding	Change
American Funds Growth Fund of Amer A	28.93M	2.22%	-2.96M
Capital Group Growth Fnd of Amer Comp	28.93M	2.22%	-2.96M
Invesco QQQ Trust	26.16M	2.01%	-58.00K
Vanguard Total Intl Stock Index Inv	17.65M	1.35%	15.88K
American Funds Europacific Growth A	17.44M	1.34%	-
Capital Group EuroPacific Growth Comp	17.44M	1.34%	-
American Funds New Perspective A	13.72M	1.05%	356.14K
Capital Group New Perspective Comp	13.72M	1.05%	356.14K
Vanguard Developed Markets Index Admiral	11.48M	0.88%	85.42K
JPMorgan Large Cap Growth I	9.65M	0.74%	-88.68K

Recent Insider Transactions

Date	Name	Role	Activity	Value
Aug 12, 2005	SANTORA GREG J	Chief Financial Officer	Sell	$3.48M

Insider Transactions Trends

Date	Buy	Sell
2023 Q4	-	-
2023 Q3	-	-
2022 Q3	-	-

SHOP Ownership FAQ

Who owns the most shares of Shopify?

Shopify’s largest shareholders are Vanguard group (50.67M shares, 3.90%), Capital world investors (47.82M shares, 3.68%), and Fmr (46.44M shares, 3.58%). Together, they hold 11.16% of Shopify’s total shares outstanding.

Does Blackrock own Shopify?

BlackRock is not among the top 10 institutional shareholders of Shopify.

Who is Shopify’s biggest shareholder by percentage of total assets invested?

Barton investment management is Shopify’s biggest shareholder by percentage of total assets invested, with 28.45% of its assets in 1.64M Shopify shares, valued at 264.06M$.

Who is the top mutual fund holder of Shopify shares?

American Funds Growth Fund of Amer A is the top mutual fund holder of Shopify shares, with 2.22% of its total shares outstanding invested in 28.93M Shopify shares.

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