Stocklore

Shopify Inc. (SHOP)

Retail · US stock

What changed in recent filings

  • Subscription and circulation segment 28% → 22%Jun 30, 2024 → Jun 30, 2026
  • Institutions — 4 new · 2 reduced13F · as of end of 2026 Q2

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

Institutions holding Shopify Inc.

How many of the institutions we track reported holding this stock, quarter by quarter.

max 12
2019 Q1 · 62019 Q2 · 62019 Q3 · 72019 Q4 · 62020 Q1 · 62020 Q2 · 82020 Q3 · 82020 Q4 · 102021 Q1 · 122021 Q2 · 92021 Q3 · 92021 Q4 · 82022 Q1 · 92022 Q2 · 72022 Q3 · 82022 Q4 · 62023 Q1 · 82023 Q2 · 82023 Q3 · 72023 Q4 · 52024 Q1 · 62024 Q2 · 52024 Q3 · 62024 Q4 · 62025 Q1 · 52025 Q2 · 32025 Q3 · 32025 Q4 · 52026 Q1 · 42026 Q2 · 7
19 Q122 Q326 Q2

2019 Q1: 6 → 2026 Q2: 7 institutions

Counts the 52 institutions we track that reported holding this stock — their full reported holdings, not just the largest positions. Not the total number of institutional holders in the US. Figures are as of quarter-end and disclosed up to 45 days later. Descriptive only — not investment advice.

Which institutions hold Shopify Inc.

Institutions we track that reported holding this stock in their most recent 13F.

  • ARK Invest3.08% of portfolio · held as of 2019 Q1 or earlier
  • Baillie Gifford & Co2.94% of portfolio · held as of 2019 Q1 or earlier
  • Tudor Investment Corp0.04% of portfolio · since 2026 Q1
  • Caisse de depot (Quebec)0.23% of portfolio · held as of 2026 Q2 or earlier
  • Durable Capital Partners2.59% of portfolio · held as of 2026 Q2 or earlier
  • Sands Capital Management3.07% of portfolio · held as of 2026 Q2 or earlier
  • Capital World Investors0.46% of portfolio · held as of 2026 Q2 or earlier

Based on 13F filings — quarter-end holdings, disclosed up to 45 days later. Holding a stock is a fact we report, not a recommendation to buy or sell.

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 · as of Jun 30, 2026

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

Shopify Inc. vs Retail sector benchmark

Median of 19 representative sector stocks · SEC filings · factual comparison (not advice)

Revenue growth (YoY)
32.5%vs benchmark 9.2%↑ above
Operating margin
13.6%vs benchmark 7.8%↑ above
Net margin
14.5%vs benchmark 7.3%↑ above
ROE
9.1%vs benchmark 25.4%↓ below

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

SHOP segment revenue mix trend

Quarterly change in segment revenue share · verified from SEC filings

Jun '24Dec '24Jun '25Dec '25Jun '26
Services 78%Subscription and circulation 22%

ETFs holding Shopify Inc.

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

ARKKARK Innovation ETF
4.37%
QQQMInvesco NASDAQ 100 ETF
0.64%
QQQInvesco QQQ Trust, Series 1
0.60%

SHOP on Stocklore

  • Revenue by segmentsegment weights verified from SEC filings, YoY changes, growth drivers and concentration
  • Financials & earnings quality6 metrics (FCF conversion, ROIC, net debt, etc.) to gauge profit quality
  • 13F institutional holdingsholdings and weight changes of major institutions (45-day delay)
  • Sector-relative metricsValuation and growth compared with 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?

As of Jun 30, 2026 in SEC filings: Revenue growth (YoY) 32.5%, Operating margin 13.6%, Net margin 14.5%, 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, as of quarter-end), 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