Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

SHOPIFY INC (SHOP)

2K + Investors. Track Smart Money conviction in SHOP. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +150
Streak
9Q ▲
Buyers last Q
54%

Smart Money Signals — SHOP

Based on 1768 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 9 quarters in a row

last 6Q
For 9 consecutive quarters, more hedge funds added SHOP than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
1,768 hedge funds hold SHOP right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +29% more funds vs a year ago

fund count last 6Q
+394 new funds entered over the past year (+29% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 54% buying

927 buying796 selling
Last quarter: 927 funds bought or added vs 796 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+32 vs last Q)

new funds entering per quarter
Funds opening a new SHOP position: 161 → 229 → 260 → 292. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

54% of holders stayed for 2+ years

■ 54% conviction (2yr+) ■ 22% medium ■ 24% new
962 out of 1,768 hedge funds have held SHOP for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📈

Growing discovery — still being found

265 → 161 → 229 → 260 → 292 new funds/Q
New funds entering each quarter: 161 → 229 → 260 → 292. A growing number of institutions are discovering SHOP each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 61% of holders stayed 2+ years

■ 61% veterans ■ 11% 1-2yr ■ 29% new
Of 1,856 current holders: 1,126 (61%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 53% AUM from top-100 funds

53% from top-100 AUM funds
46 of 1768 holders are among the 100 largest funds by AUM, controlling 53% of total institutional value in SHOP. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Hedge Fund Ownership: SHOP

How many hedge funds hold SHOP — quarterly history vs. share price
Quarterly hedge fund ownership of SHOP vs. share price

Market Analysis: SHOP

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: SHOP

-- --
Smart Money Signal ?
Strong Institutional Conviction

Multiple high-quality funds hold meaningful positions with strong conviction.

166 top-rated funds 58 high-conviction
Consensus
9.7
/ 10
breadth
×
Elite
7.1
/ 10
conviction
Hedge Fund Positioning: SHOP
2026 Q1 Stats Unlock in 22 days 2K + Investors

Track Smart Money conviction in SHOP. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 1856 1712 8.41%
13F Shares 877M 863M 1.65%
Total Value $136.82B $124.74B 9.68%
New Positions 295 267 +28
Increased Positions 770 658 +112
Closed Positions 150 115 +35
Reduced Positions 750 715 +35
Total Calls 46 55 -16.36%
Total Puts 49 52 -5.77%
PUT/CALL Ratio 1.07 0.95 Neutral

Statistics: SHOP

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

2K + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in SHOP. Verified SEC 13F-HR filings.

Top 25 institutional holders of SHOP — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Barton Investment Management 23.85% 1,602,959 $190.1M
2 Meadowbrook Wealth Management, LLC 8.65% 55,043 $6.5M
3 ZEVENBERGEN CAPITAL INVESTMENTS LLC 4.47% 1,309,176 $155.3M
4 Nepsis Inc. 4.07% 102,338 $12.1M
5 Henry James International Management Inc. 3.62% 84,609 $10.0M
6 NIGHTVIEW CAPITAL, LLC 3.60% 39,574 $4.7M
7 Addenda Capital Inc. 3.33% 717,191 $118.4M
8 Torrey Growth & Income Advisors 2.87% 59,219 $6.8M
9 Triasima Portfolio Management inc. 2.78% 155,216 $18.4M
10 LOUISBOURG INVESTMENTS INC. 2.77% 123,616 $14.6M
11 DB&C Advisors, LLC 2.31% 15,016 $1.8M
12 JCIC Asset Management Inc. 2.15% 59,237 $7.0M
13 Putney Financial Group LLC 2.02% 16,917 $2.0M
14 Bellecapital International Ltd. 1.70% 77,354 $9.2M
15 SIERRA SUMMIT ADVISORS LLC 1.67% 97,102 $11.5M
16 Covenant Asset Management, LLC 1.67% 93,489 $11.1M
17 Atala Financial Inc 1.61% 20,216 $2.4M
18 Legal Advantage Investments, Inc. 1.61% 26,310 $3.1M
19 Weaver Capital Management LLC 1.40% 54,246 $6.4M
20 Black Swift Group, LLC 1.36% 65,625 $7.8M
21 Midway Capital Research & Management 1.33% 11,899 $1.4M
22 CAP Partners, LLC 1.25% 18,661 $2.2M
23 Element Squared LLC 1.23% 18,444 $2.2M
24 VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 1.20% 1,005,760 $119.3M
25 Third View Private Wealth, LLC 1.15% 70,697 $8.4M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — SHOPIFY INC (SHOP)

What does the Smart Money Trend signal show for SHOP?

Buying streak — 9 quarters in a row: For 9 consecutive quarters, more hedge funds added SHOP than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for SHOP?

Slight buying edge — 54% buying: Last quarter: 927 funds bought or added vs 796 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for SHOP holders?

Elite ownership — 53% AUM from top-100 funds: 46 of 1768 holders are among the 100 largest funds by AUM, controlling 53% of total institutional value in SHOP. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held SHOP?

54% of holders stayed for 2+ years: 962 out of 1,768 hedge funds have held SHOP for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.