SHOP β€” SHOPIFY INC

Ownership history in Twin Tree Management, LP  Β·  61 quarters on record

This page tracks every 13F SEC filing in which Twin Tree Management, LP 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
0.39% (2025 Q3)
πŸ“Š Avg. % of fund
0.09%
πŸ“… First filed
2017 Q4
πŸ“… Last filed
2025 Q4
⏱ Quarters held
61

Position Intelligence

Twin Tree Management, LP Γ— SHOP AI Analytics

πŸ“ˆ Twin Tree Management, LP outperformed the S&P 500 by +20.6% annually on this SHOP position. Timing score: 56% (32/57 decisions correct). Average cost basis: $61.29. Maximum drawdown during holding period: –81.6%.

πŸ“ˆ Position Alpha vs SPY
+20.6%
annualised excess return

πŸ”₯ Exceptional β€” beat the S&P 500 by 20.6% per year on this position.
57 quarters analyzed

⏱️ Timing Score
56%

βœ… Decent timing β€” more right than wrong on entries and exits.
32 of 57 add/trim decisions correct

πŸ’° Entry Quality
$61.29
+162.6% vs current ($160.97)

Best entry: $12.46 (2018 Q1)  Β·  Worst: $160.97 (2025 Q4)

πŸ›‘οΈ Drawdown Resilience
–81.6%
max drawdown while held

πŸ’ͺ Held through 1 major drawdown (>20%). Strong conviction under pressure.

πŸ’ͺ Fund Conviction
54%
buy-side decisions

33 adds Β· 28 trims. Bought during 3 of 9 down-price quarters. πŸ“ˆ More buys than sells across the holding period.

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

βš–οΈ Portfolio weight has remained relatively stable β€” conviction maintained.
Currently 0.28% 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 Q4 ADDED 200,900 +179,000 +817.4% 0.28% $32.3M $160.97
2025 Q4 REDUCED 21,900 -604,600 -96.5% 0.03% $3.5M $160.97
2025 Q3 ADDED 626,500 +575,915 +1138.5% 0.39% $93.1M $148.61
2025 Q3 ADDED 50,585 +30,585 +152.9% 0.03% $7.5M $148.61
2025 Q3 REDUCED 20,000 -129,437 -86.6% 0.01% $3.0M $148.61
2025 Q2 ADDED 149,437 +45,337 +43.6% 0.03% $17.2M $115.35
2025 Q2 REDUCED 104,100 -919,600 -89.8% 0.02% $12.0M $115.35
2025 Q2 ADDED 1,023,700 +44,600 +4.6% 0.22% $118.1M $115.35
2025 Q1 ADDED 979,100 +753,906 +334.8% 0.18% $93.5M $95.48
2025 Q1 ADDED 225,194 +53,994 +31.5% 0.04% $21.5M $95.48
51 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%
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