Shopify Inc.
US ˙ NasdaqGS ˙ CA82509L1076

SecuritySHOP / Shopify Inc.
InstitutionNeuberger Berman Group LLC
Latest Disclosed Ownership1,056,314 shares
Latest Disclosed Value $ 124,328,044
Neuberger Berman Group LLC reports 23.77% increase in ownership of SHOP / Shopify Inc.

On May 14, 2026 - Neuberger Berman Group LLC filed a 13F-HR form disclosing ownership of 1,056,314 shares of Shopify Inc. (US:SHOP) valued at $125,299,967 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 853,415 shares of Shopify Inc.. This represents a change in shares of 23.77% during the quarter. The current value of the position is $115,708,636 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)
2026-05-14 2026-03-31 13F SHOPIFY SUBORDINATE VOTING INC CLA A Common 82509L107 1,056,314 202,899 23.77 124,328 -9.53 0.0946
2026-02-13 2025-12-31 13F SHOPIFY SUBORDINATE VOTING INC CLA A Common 82509L107 853,415 103,261 13.77 137,428 23.28 0.1023
2025-11-12 2025-09-30 13F SHOPIFY SUBORDINATE VOTING INC CLA A Common 82509L107 750,154 421,799 128.46 111,478 194.71 0.0815
2025-08-25 2025-06-30 13F/A-1 SHOPIFY SUBORDINATE VOTING INC CLA A Common 82509L107 328,355 -150,484 -31.43 37,826 -17.15 0.0291
2025-08-13 2025-06-30 13F SHOPIFY SUBORDINATE VOTING INC CLA A Common 82509L107 328,355 -150,484 37,826 0.0151
2025-05-13 2025-03-31 13F SHOPIFY SUBORDINATE VOTING INC CLA A Common 82509L107 478,839 146,640 44.14 45,657 29.23 0.0382
2025-02-13 2024-12-31 13F SHOPIFY SUBORDINATE VOTING INC CLA A Common 82509L107 332,199 133,059 66.82 35,331 121.24 0.0280
2024-11-14 2024-09-30 13F SHOPIFY SUBORDINATE VOTING INC CLA A Common 82509L107 199,140 -39,117 -16.42 15,969 1.45 0.0125
2024-11-14 2024-06-30 13F/A-1 SHOPIFY SUBORDINATE VOTING INC CLA A Common 82509L107 238,257 -4,838 -1.99 15,741 -16.13 0.0129
2024-08-13 2024-06-30 13F SHOPIFY SUBORDINATE VOTING INC CLA A Common 82509L107 238,257 -4,838 15,741 0.0129
2024-11-14 2024-03-31 13F/A-1 SHOPIFY SUBORDINATE VOTING INC CLA A Common 82509L107 243,095 -271,208 -52.73 18,768 -53.22 0.0155
2024-05-13 2024-03-31 13F SHOPIFY SUBORDINATE VOTING INC CLA A Common 82509L107 243,095 -271,208 18,768 0.0155
2024-11-14 2023-12-31 13F/A-2 SHOPIFY SUBORDINATE VOTING INC CLA A Common 82509L107 514,303 -2,326,278 -81.89 40,120 -73.97 0.0350
2024-02-09 2023-12-31 13F SHOPIFY SUBORDINATE VOTING INC CLA A Common 82509L107 514,303 -2,326,278 40,120 0.0350
2023-11-14 2023-09-30 13F SHOPIFY SUBORDINATE VOTING INC CLA A Common 82509L107 2,840,581 1,336,658 88.88 154,125 60.33 0.1404
2023-08-11 2023-06-30 13F SHOPIFY SUBORDINATE VOTING INC CLA A Common 82509L107 1,503,923 1,188,730 377.14 96,128 543.30 0.0860
2023-05-12 2023-03-31 13F SHOPIFY SUBORDINATE VOTING INC CLA A Common 82509L107 315,193 13,789 4.57 14,944 42.35 0.0139
2023-02-13 2022-12-31 13F SHOPIFY SUBORDINATE VOTING INC CLA A Common 82509L107 301,404 -60,848 -16.80 10,498 7.57 0.0103
2022-11-15 2022-09-30 13F SHOPIFY SUBORDINATE VOTING INC CLA A Common 82509L107 362,252 35,075 10.72 9,758 -5.89 0.0102
2022-08-15 2022-06-30 13F SHOPIFY SUBORDINATE VOTING INC CLA A Common 82509L107 327,177 272,858 502.33 10,369 -71.77 0.0104
2022-05-23 2022-03-31 13F/A-1 SHOPIFY SUBORDINATE VOTING INC CLA A Common 82509L107 54,319 4,592 9.23 36,733 -46.29 0.0311
2022-05-13 2022-03-31 13F SHOPIFY SUBORDINATE VOTING INC CLA A Common 82509L107 54,319 4,592 36,633 0.0163
2022-02-11 2021-12-31 13F SHOPIFY SUBORDINATE VOTING INC CLA A Common 82509L107 49,727 -7,063 -12.44 68,389 -11.15 0.0537
2021-11-12 2021-09-30 13F SHOPIFY SUBORDINATE VOTING INC CLA A Common 82509L107 56,790 7,058 14.19 76,967 5.92 0.0673
2021-08-13 2021-06-30 13F SHOPIFY SUBORDINATE VOTING INC CLA A Common 82509L107 49,732 -4,361 -8.06 72,665 21.67 0.0634
2021-05-13 2021-03-31 13F SHOPIFY SUBORDINATE VOTING INC CLA A Common 82509L107 54,093 15,696 40.88 59,724 37.73 0.0570
2021-02-10 2020-12-31 13F SHOPIFY SUBORDINATE VOTING INC CLA A Common 82509L107 38,397 4,727 14.04 43,363 26.12 0.0450
2020-11-12 2020-09-30 13F SHOPIFY SUBORDINATE VOTING INC CLA A Common 82509L107 33,670 3,986 13.43 34,382 22.16 0.0408
2020-08-13 2020-06-30 13F SHOPIFY SUBORDINATE VOTING INC CLA A Common 82509L107 29,684 4,466 17.71 28,145 168.46 0.0350
2020-05-14 2020-03-31 13F SHOPIFY SUBORDINATE VOTING INC CLA A Common 82509L107 25,218 14,211 129.11 10,484 139.36 0.0160
2020-02-12 2019-12-31 13F SHOPIFY SUBORDINATE VOTING INC CLA A Common 82509L107 11,007 5,694 107.17 4,380 164.65 0.0051
2019-11-13 2019-09-30 13F SHOPIFY SUBORDINATE VOTING INC CLA A Common 82509L107 5,313 204 3.99 1,655 7.82 0.0020
2019-08-13 2019-06-30 13F SHOPIFY SUBORDINATE VOTING INC CLA A Common 82509L107 5,109 -416 -7.53 1,535 34.53 0.0018
2019-05-13 2019-03-31 13F SHOPIFY SUBORDINATE VOTING INC CLA A Common 82509L107 5,525 1,404 34.07 1,141 99.82 0.0014
2019-02-12 2018-12-31 13F SHOPIFY INC - Common 82509L107 4,121 -1,439 -25.88 571 -37.53 0.0008
2018-11-16 2018-09-30 13F/A-1 SHOPIFY SUBORDINATE VOTING INC CLA A Common 82509L107 5,560 1,548 38.58 914 56.24 0.0010
2018-11-13 2018-09-30 13F SHOPIFY SUBORDINATE VOTING INC CLA A Common 82509L107 5,560 1,548 914
2018-08-13 2018-06-30 13F SHOPIFY INC - Common 82509L107 4,012 4,012 585 0.0006
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.