SHOP β€” SHOPIFY INC

Ownership history in RATIONAL ADVISORS, INC.  Β·  14 quarters on record

This page tracks every 13F SEC filing in which RATIONAL ADVISORS, INC. reported a position in SHOPIFY INC (SHOP). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
0.73% (2020 Q1)
πŸ“Š Avg. % of fund
0.39%
πŸ“… First filed
2018 Q1
πŸ“… Last filed
2025 Q3
⏱ Quarters held
14

Position Intelligence

RATIONAL ADVISORS, INC. Γ— SHOP AI Analytics

πŸ“ˆ RATIONAL ADVISORS, INC. outperformed the S&P 500 by +60.9% annually on this SHOP position. Timing score: 45% (5/11 decisions correct). Average cost basis: $84.69. Maximum drawdown during holding period: –7.2%.

πŸ“ˆ Position Alpha vs SPY
+60.9%
annualised excess return

πŸ”₯ Exceptional β€” beat the S&P 500 by 60.9% per year on this position.
12 quarters analyzed

⏱️ Timing Score
45%

➑️ Neutral timing β€” roughly coin-flip accuracy on add/trim calls.
5 of 11 add/trim decisions correct

πŸ’° Entry Quality
$84.69
+75.5% vs current ($148.61)

Best entry: $13.85 (2018 Q4)  Β·  Worst: $148.61 (2025 Q3)

πŸ›‘οΈ Drawdown Resilience
–7.2%
max drawdown while held

πŸ’Ž No drawdown exceeding 20% during the holding period β€” exceptionally stable.

πŸ’ͺ Fund Conviction
46%
buy-side decisions

6 adds Β· 7 trims. Bought during 2 of 3 down-price quarters. πŸ“‰ Predominantly trimming β€” distribution phase.

πŸ“‘ Position Trajectory
β†’ Stable
last 4–5 quarters trend

βš–οΈ Portfolio weight has remained relatively stable β€” conviction maintained.
Currently 0.18% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    SHOP price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 10 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q3 ADDED 12,200 +10,163 +498.9% 0.18% $1.8M $148.61
2021 Q3 ADDED 2,037 +900 +79.2% 0.22% $2.8M $135.58
2021 Q2 REDUCED 1,137 -50 -4.2% 0.20% $1.7M $146.10
2021 Q1 UNCHANGED 1,187 β€” 0% 0.24% $1.3M $110.65
2020 Q4 ADDED 1,187 +200 +20.3% 0.36% $1.3M $113.19
2020 Q3 REDUCED 987 -385 -28.1% 0.43% $1.0M $102.30
2020 Q2 REDUCED 1,372 -1,020 -42.6% 0.67% $1.3M $94.92
2020 Q1 REDUCED 2,392 -260 -9.8% 0.73% $997K $41.69
2019 Q4 ADDED 2,652 +2,160 +439.0% 0.49% $1.1M $39.76
2019 Q3 REDUCED 492 -4,492 -90.1% 0.06% $153K $31.17
4 older quarters hidden  β€”  Sign in free or upgrade to Premium to see full history

🏒 Other funds also holding SHOP

As of 2025 Q4 β€” sorted by position size

Barton Investment Management 3Y 7Y 28.45% Ashe Capital Management, LP 3Y 7Y 27.3% Strategy Capital LLC 3Y 19.42% Arthedge Capital Management, LLC 3Y 15.46% Ampersand Capital Group, L.P. 13.26% Privium Fund Management B.V. 3Y 12.15% Marcho Partners LLP 3Y 11.01% Gavilan Investment Partners LLC 3Y 8.89% MUFG SECURITIES (CANADA), LTD. 3Y 8.34% Steadview Capital Management LLC 3Y 7.65%
← Back to RATIONAL ADVISORS, INC. Holdings