Stocklore

Shopify Inc. (SHOP)

Retail · US stock

What changed in recent filings

  • Institutions — 1 added · 1 reduced13F · 2026 Q1 · 45-day lag
  • Risk factors — 2 added · 3 removed · new: We cannot guarantee that our share repurcha… +110-K Dec 31, 2024 → Dec 31, 2025 · filed 5 months ago

What changed in recent SEC filings — factual, not a buy/sell recommendation.

Institutions holding Shopify Inc.

How many of the institutions we track reported this stock among their largest positions, quarter by quarter.

2019 Q2 · 12019 Q3 · 12019 Q4 · 22020 Q1 · 22020 Q2 · 32020 Q3 · 22020 Q4 · 22021 Q1 · 32021 Q2 · 42021 Q3 · 32021 Q4 · 42022 Q1 · 42022 Q2 · 22022 Q3 · 22022 Q4 · 22023 Q1 · 22023 Q2 · 22023 Q3 · 22023 Q4 · 22024 Q1 · 22024 Q2 · 22024 Q3 · 22024 Q4 · 22025 Q1 · 22025 Q2 · 22025 Q3 · 22025 Q4 · 22026 Q1 · 219 Q222 Q326 Q1max 4

2019 Q2: 1 → 2026 Q1: 2 institutions

Counts the 35 institutions we track that reported this stock among their largest positions (top 15 per filing). Not the total number of institutional holders. Quarter-end basis; 13F filings become public about 45 days later. Descriptive only — not investment advice.

Company overview

The No. 1 SaaS for building small-business online stores. It expands its ecosystem with payments, logistics, and lending, and has grown to the No. 2 share of US e-commerce GMV.

What is the Retail sector?

Physical retail and supermarkets. Linked to consumer spending.

Shopify Inc. is classified under the Retail sector. See peers below.

Shopify Inc. key financials

Based on SEC filings · latest quarter (TTM)

Tap a metric name to see its meaning in the glossary.

Shopify Inc. vs Retail sector benchmark

Median of 15 representative sector stocks · SEC filings · factual comparison (not advice)

Revenue growth (YoY)
31.8%vs benchmark 9.2%↑ above
Operating margin
12.1%vs benchmark 4.5%↑ above
Net margin
10.8%vs benchmark 6.8%↑ above
ROE
9.1%vs benchmark 22.4%↓ below

A simple comparison to the sector benchmark. Higher or lower doesn’t mean good/bad or buy/sell.

ETFs holding Shopify Inc.

Per SEC N-PORT · 2026-04-30 · by weight · factual

ARKKARK Innovation ETF
4.37%
QQQInvesco QQQ Trust, Series 1
0.82%
QQQMInvesco NASDAQ 100 ETF
0.79%

SHOP on Stocklore

  • Revenue by segment — segment weights verified from SEC filings, YoY changes, growth drivers and concentration
  • Financials & earnings quality — 6 metrics (FCF conversion, ROIC, net debt, etc.) to gauge profit quality
  • 13F institutional holdings — holdings and weight changes of major institutions (45-day delay)
  • Sector-relative metrics — valuation and growth vs the Retail average
See full SHOP analysis →

Peers · Retail

SHOP FAQ

What is Shopify Inc. (SHOP)?

The No. 1 SaaS for building small-business online stores. It expands its ecosystem with payments, logistics, and lending, and has grown to the No. 2 share of US e-commerce GMV.

What sector is Shopify Inc. in?

Shopify Inc. is classified under Retail. Physical retail and supermarkets. Linked to consumer spending.

What are Shopify Inc.'s key financials?

Based on the latest quarter (TTM) from SEC filings: Revenue growth (YoY) 31.8%, Operating margin 12.1%, Net margin 10.8%, ROE 9.1%. Definitions and interpretation are available on Stocklore.

Where can I analyze Shopify Inc. (SHOP) stock?

On Stocklore you can see SHOP's financials & earnings quality, 13F institutional holdings, and sector-relative metrics in one place. This page is for information and tools — not a buy/sell recommendation.

Data sources: SEC EDGAR (financials & filings), 13F (institutional holdings, 45-day delay), market data. This page is for information and analysis tools — it does not recommend buying or selling any security. Investment decisions and responsibility are your own.

Not an investment adviser and not personalized investment advice; not a discretionary management service. No trade recommendations, no target prices, no execution or brokerage. We do not recommend or guarantee any purchase, sale, or returns. Investment decisions and their outcomes are your own.

Stocklore · CEO Lee Seung-jae · Business reg. no. 764-36-01607 · E-commerce permit 2026-Jeonju Wansan-0476 · Tel +82-70-7954-4939 · S120, Rm 302, 3F, 21 Jungsanjungang-ro, Wansan-gu, Jeonju, Jeonbuk, Korea