Shopify Inc.
Shopify Inc. (SHOP) Stock Ownership
Institutional vs insider vs public ownership from 13F and float data — top holders, activity, and insider trades below.
SEC 13F · FMP · SHOP · as of Sep 30, 2025
Ownership Breakdown
1,825
Institutional Holders
▲ 171 vs Q2
$123.42B
Total Inst. Value
▲ $26.03B vs Q2
1.30B
Shares Outstanding
freeFloat 93.74%
829.84M
13F Shares Held
▼ 14.07M vs Q2
Institutional ownership = 13F shares ÷ total outstanding. Insider % = 100 − free float. Public % = free float − institution %. Data: FMP /symbol-positions-summary + /shares-float + SEC EDGAR.
Top Institutional Holders
SHOP largest shareholders · institutional ownership
Q3 2025 · SEC 13F
Showing top 10 holders
| Holder | Shares | % Owned | Weight | Value | Reported | Change |
|---|---|---|---|---|---|---|
CAPITAL WORLD INVESTORS services-prepackaged software | 53.61M | 4.13% | 4.13% | $7.97T | Nov 13, 2025 | ▼ 4.36M |
VANGUARD GROUP INC services-prepackaged software | 49.93M | 3.85% | 3.85% | $7.42T | Nov 7, 2025 | ▲ 610.1K |
FMR LLC services-prepackaged software | 46.44M | 3.58% | 3.58% | $6.90T | Nov 13, 2025 | ▲ 1.23M |
CAPITAL INTERNATIONAL INVESTORS services-prepackaged software | 38.61M | 2.98% | 2.98% | $5.74T | Nov 13, 2025 | ▼ 1.44M |
BAILLIE GIFFORD & CO services-prepackaged software | 35.44M | 2.73% | 2.73% | $5.27T | Oct 31, 2025 | ▼ 2.30M |
JPMORGAN CHASE & CO services-prepackaged software | 33.95M | 2.62% | 2.62% | $5.04T | Nov 26, 2025 | ▲ 5.39M |
MORGAN STANLEY services-prepackaged software | 29.28M | 2.26% | 2.26% | $4.35T | May 27, 2026 | ▼ 48.1K |
PRICE T ROWE ASSOCIATES INC /MD/ services-prepackaged software | 26.43M | 2.04% | 2.04% | $3.93T | Nov 14, 2025 | ▼ 5.24M |
ROYAL BANK OF CANADA services-prepackaged software | 22.42M | 1.73% | 1.73% | $3.33T | Nov 14, 2025 | ▲ 1.15M |
FIL LTD services-prepackaged software | 19.18M | 1.48% | 1.48% | $2.85T | Nov 13, 2025 | ▲ 48.6K |
Data from SEC Form 13F filings. Ownership bar normalised to largest holder. Change flags: isNew / isSoldOut / changeInSharesNumber (FMP extract-analytics/holder).
Institutional Activity
Q3 2025 vs prior quarter
Q3 2025
24
Increased
+29.93M shares0
New Positions
first time holders24
Decreased
−31.83M shares0
Sold Out
fully exitedNet shares change (top 50)
1.90M
+29.93M / −31.83M
Net new holders
+0
0 new / 0 exited
Based on top 50 institutional holders by position size. Fields: isNew, isSoldOut, changeInSharesNumber (FMP extract-analytics/holder, limit=50).
Insider Buying vs Selling
SHOP insider trading · insider activity
Source: SEC Form 4
Insiders have been primarily selling shares recently. Selling may be driven by pre-scheduled Rule 10b5-1 plans rather than negative sentiment.
1
Buy transactions
1
Sell transactions
1.00
Buy/Sell ratio
$0M
Total disposed
Recent Insider Transactions
Showing 10 most recent · Common Stock only
| Name · Role | Date | Type | Shares | Price | Value | After Trans. | Filing |
|---|---|---|---|---|---|---|---|
Shopify Strategic Holdings 3 LLC 10 percent owner | Oct 31, 2023 | X-InTheMoney | 344,382 | — | — | 13.53M | Form 4 ↗ |
Shopify Strategic Holdings 3 LLC 10 percent owner | Oct 31, 2023 | X-InTheMoney | 344,382 | $0.01 | $3.4K | 5.17M | Form 4 ↗ |
Shopify Strategic Holdings 3 LLC 10 percent owner | Sep 28, 2023 | X-InTheMoney | 3,935,793 | — | — | 13.18M | Form 4 ↗ |
Shopify Strategic Holdings 3 LLC 10 percent owner | Sep 28, 2023 | X-InTheMoney | 3,935,793 | $0.01 | $39.4K | 5.51M | Form 4 ↗ |
SANTORA GREG J Chief Financial Officer | Aug 12, 2005 | Sale | 166,666 | $20.89 | $3.48M | 0 | Form 4 ↗ |
HART ALEX W director | Jul 26, 2005 | Award | 7,500 | $20.90 | $156.8K | 7.5K | Form 4 ↗ |
MATHER ANN director | Jul 26, 2005 | Award | 7,500 | $20.90 | $156.8K | 7.5K | Form 4 ↗ |
NORRINGTON LORRIE M President & CEO | Jun 7, 2005 | Award | 600,000 | $17.80 | $10.68M | 600.0K | Form 4 ↗ |
NORRINGTON LORRIE M President & CEO | Jun 7, 2005 | Award | 25,000 | — | — | 25.0K | Form 4 ↗ |
Eisenberg Michael A director | Oct 29, 2004 | C-Conversion | 75,000 | — | — | 987.7K | Form 4 ↗ |
Source: /insider-trading/search (FMP stable). Buy/Sell direction: acquisitionOrDisposition A=Buy, D=Sell. RSU vesting (M-Exempt) excluded from sentiment bar. All data from SEC EDGAR public filings.
About institutional & insider ownership
Shopify Inc. (SHOP) is primarily owned by institutional investors, who hold approximately 64.0% of total shares outstanding. Company insiders own approximately 6.26%, while retail and public investors account for the remaining 29.79%.
The largest institutional shareholder of Shopify Inc. is CAPITAL WORLD INVESTORS, holding approximately 53.61 million shares — equal to 4.13% of outstanding shares — as of September 30, 2025.
A total of 1,825 institutional investors currently hold SHOP stock, with a combined institutional value of approximately $123.42 billion as of the most recent 13F filing period.
Frequently asked questions
SHOP ownershipShopify Inc. (SHOP) is primarily owned by institutional investors, who hold approximately 64.0% of shares. The largest shareholder is CAPITAL WORLD INVESTORS with a 4.13% stake. Company insiders hold 6.26%. Data sourced from SEC Form 13F as of September 30, 2025.