Shopify Inc.
US ˙ NasdaqGS ˙ CA82509L1076

SecuritySHOP / Shopify Inc.
InstitutionMercer Global Advisors Inc /adv
Latest Disclosed Ownership92,135 shares
Latest Disclosed Value $ 10,920,366
Mercer Global Advisors Inc /adv reports 35.34% increase in ownership of SHOP / Shopify Inc.

On May 15, 2026 - Mercer Global Advisors Inc /adv filed a 13F-HR form disclosing ownership of 92,135 shares of Shopify Inc. (US:SHOP) valued at $10,929,054 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 68,078 shares of Shopify Inc.. This represents a change in shares of 35.34% during the quarter. The current value of the position is $10,092,468 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F SHOPIFY CL A SUB VTG SHS 82509L107 92,135 24,057 35.34 10,920 -0.35 0.0162
2026-02-17 2025-12-31 13F SHOPIFY CL A SUB VTG SHS 82509L107 68,078 11,848 21.07 10,959 31.14 0.0167
2025-11-14 2025-09-30 13F SHOPIFY CL A SUB VTG SHS 82509L107 56,230 -39,757 -41.42 8,356 -24.53 0.0139
2025-08-14 2025-06-30 13F SHOPIFY CL A SUB VTG SHS 82509L107 95,987 40,736 73.73 11,072 109.94 0.0226
2025-05-15 2025-03-31 13F SHOPIFY CL A 82509L107 55,251 5,809 11.75 5,274 0.32 0.0121
2025-02-14 2024-12-31 13F SHOPIFY CL A 82509L107 49,442 1,372 2.85 5,257 39.07 0.0128
2024-11-14 2024-09-30 13F SHOPIFY CL A 82509L107 48,070 -9,713 -16.81 3,781 -0.94 0.0088
2024-08-12 2024-06-30 13F SHOPIFY CL A 82509L107 57,783 3,631 6.71 3,817 95,300.00 0.0104
2024-05-15 2024-03-31 13F SHOPIFY CL A 82509L107 54,152 9,953 22.52 4 33.33 0.0119
2024-02-15 2023-12-31 13F SHOPIFY CL A 82509L107 44,199 1,060 2.46 3 50.00 0.0104
2023-11-15 2023-09-30 13F/A-1 SHOPIFY CL A 82509L107 43,139 1,999 4.86 2 0.00 0.0089
2023-11-14 2023-09-30 13F SHOPIFY CL A 82509L107 43,139 1,999 2 0.0089
2023-08-14 2023-06-30 13F SHOPIFY CL A 82509L107 41,140 2,056 5.26 3 100.00 0.0105
2023-05-16 2023-03-31 13F SHOPIFY CL A 82509L107 39,084 4,393 12.66 2 0.00 0.0085
2023-02-09 2022-12-31 13F SHOPIFY CL A 82509L107 34,691 1,470 4.42 1 -99.89 0.0060
2022-11-15 2022-09-30 13F SHOPIFY CL A 82509L107 33,221 -1,224 -3.55 895 -16.82 0.0053
2022-08-10 2022-06-30 13F SHOPIFY CL A 82509L107 34,445 30,708 821.73 1,076 -57.40 0.0066
2022-05-10 2022-03-31 13F SHOPIFY CL A 82509L107 3,737 -19 -0.51 2,526 -51.18 0.0149
2022-02-04 2021-12-31 13F SHOPIFY CL A 82509L107 3,756 541 16.83 5,174 18.72 0.0319
2021-11-10 2021-09-30 13F SHOPIFY CL A 82509L107 3,215 -46 -1.41 4,358 -8.52 0.0304
2021-08-10 2021-06-30 13F SHOPIFY CL A 82509L107 3,261 -1 -0.03 4,764 32.00 0.0366
2021-08-10 2021-03-31 13F/A-1 SHOPIFY CL A 82509L107 3,262 566 20.99 3,609 18.25 0.0328
2021-05-11 2021-03-31 13F SHOPIFY CL A 82509L107 2,951 255 3,265 0.0313
2021-02-12 2020-12-31 13F SHOPIFY CL A 82509L107 2,696 315 13.23 3,052 25.29 0.0381
2020-12-10 2020-09-30 13F SHOPIFY CL A 82509L107 2,381 340 16.66 2,436 25.76 0.0366
2020-08-10 2020-06-30 13F SHOPIFY CL A 82509L107 2,041 264 14.86 1,937 161.40 0.0352
2020-05-18 2020-03-31 13F SHOPIFY CL A 82509L107 1,777 800 81.88 741 90.98 0.0163
2020-02-13 2019-12-31 13F SHOPIFY INC CL A COM 82509L107 977 149 18.00 388 50.39 0.0077
2019-11-12 2019-09-30 13F SHOPIFY INC CL A COM 82509L107 828 -372 -31.00 258 -28.33 0.0061
2019-08-14 2019-06-30 13F SHOPIFY INC CL A COM 82509L107 1,200 1,200 360 0.0095
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.