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SHOPIFY INC (SHOP) — Hedge Fund Ownership Q4 2025

SHOP
Q4 2025Q3 2025Q2 2025Q1 2025
  • SHOPIFY INC (SHOP) is held by 3 of 81 tracked hedge funds, with Polen Capital Management (5%) and Durable Capital Partners (3%) holding the largest stakes, indicating limited hedge fund interest relative to peers.
  • The biggest decreases in SHOP holdings came from Polen Capital Management (-35%) and Durable Capital Partners (-55%), suggesting profit-taking or de-risking.
  • Overall, hedge funds decreased exposure to SHOPIFY INC (SHOP) by -40% vs the prior quarter and -56% vs prior year.
# Fund % of Portfolio † Shares † Shares vs Prior Quarter † Shares vs Prior Year † Aggregate Value † Reported Price * Option
1
Polen Capital Management
4.95% 7.2M -34.89% -57.83% $1.16B $160.97
2
Durable Capital Partners
Henry Ellenbogen
3.11% 2.0M -55.03% -48.28% $328.9M $160.97
3
Markel Group
Tom Gayner
0.13% 103K $16.5M $160.97
3 Total 9.3M -40.49% -55.77% $1.50B
* Reported price is not an actual purchase or sale price. It is the price as of the last portfolio date.
† Portfolio value, share counts, and period-over-period changes exclude options positions (PUT/CALL), which are shown in the Option column for reference only.