Shopify Inc.
US ˙ NasdaqGS ˙ CA82509L1076

SecuritySHOP / Shopify Inc.
InstitutionNatixis Advisors, L.p.
Latest Disclosed Ownership1,884,639 shares
Latest Disclosed Value $ 223,556
Natixis Advisors, L.p. reports 18.82% increase in ownership of SHOP / Shopify Inc.

On May 13, 2026 - Natixis Advisors, L.p. filed a 13F-HR form disclosing ownership of 1,884,639 shares of Shopify Inc. (US:SHOP) valued at $223,555,878 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 10, 2026 disclosing 1,586,104 shares of Shopify Inc.. This represents a change in shares of 18.82% during the quarter. The current value of the position is $212,851,129 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)
2026-05-13 2026-03-31 13F SHOPIFY COM 82509L107 1,884,639 298,535 18.82 224 -12.55 0.3110
2026-02-10 2025-12-31 13F SHOPIFY COM 82509L107 1,586,104 107,057 7.24 255 16.44 0.3618
2025-11-13 2025-09-30 13F SHOPIFY INC - COM 82509L107 1,479,047 46,463 3.24 220 32.73 0.3207
2025-08-13 2025-06-30 13F SHOPIFY INC - COM 82509L107 1,432,584 -66,643 -4.45 165 15.38 0.2622
2025-05-08 2025-03-31 13F SHOPIFY INC - COM 82509L107 1,499,227 -64,180 -4.11 143 -13.86 0.2645
2025-02-10 2024-12-31 13F SHOPIFY INC CL A COM 82509L107 1,563,407 180,518 13.05 166 50.91 0.3106
2024-11-06 2024-09-30 13F SHOPIFY INC - COM 82509L107 1,382,889 118,886 9.41 111 32.53 0.2161
2024-08-01 2024-06-30 13F SHOPIFY INC - COM 82509L107 1,264,003 210,551 19.99 83 2.47 0.1815
2024-04-25 2024-03-31 13F SHOPIFY INC - COM 82509L107 1,053,452 42,695 4.22 81 3.85 0.1869
2024-02-06 2023-12-31 13F SHOPIFY COM 82509L107 1,010,757 -40,183 -3.82 79 36.84 0.2073
2023-11-13 2023-09-30 13F SHOPIFY COM 82509L107 1,050,940 -824 -0.08 57 -14.93 0.1754
2023-08-15 2023-06-30 13F SHOPIFY INC - COM 82509L107 1,051,764 -42,962 -3.92 68 28.85 0.2098
2023-05-11 2023-03-31 13F SHOPIFY COM 82509L107 1,094,726 78,747 7.75 52 48.57 0.1806
2023-01-27 2022-12-31 13F SHOPIFY INC - COM 82509L107 1,015,979 -56,389 -5.26 35 -99.88 0.1333
2022-11-14 2022-09-30 13F SHOPIFY COM 82509L107 1,072,368 -111,507 -9.42 28,890 -21.89 0.1222
2022-08-12 2022-06-30 13F SHOPIFY INC - COM 82509L107 1,183,875 1,086,409 1,114.65 36,984 -43.86 0.1626
2022-05-12 2022-03-31 13F SHOPIFY COM 82509L107 97,466 70,266 258.33 65,883 75.85 0.2512
2022-02-08 2021-12-31 13F SHOPIFY COM 82509L107 27,200 1,045 4.00 37,465 5.65 0.1431
2021-11-15 2021-09-30 13F SHOPIFY INC CL A COM 82509L107 26,155 2,199 9.18 35,460 1.32 0.1458
2021-08-12 2021-06-30 13F SHOPIFY COM 82509L107 23,956 1,384 6.13 34,999 40.14 0.1634
2021-05-05 2021-03-31 13F SHOPIFY COM 82509L107 22,572 17 0.08 24,975 -2.18 0.1304
2021-02-12 2020-12-31 13F SHOPIFY COM 82509L107 22,555 4,033 21.77 25,531 34.75 0.1471
2020-11-12 2020-09-30 13F SHOPIFY INC CL A COM 82509L107 18,522 -13,129 -41.48 18,947 -36.93 0.1192
2020-08-11 2020-06-30 13F SHOPIFY COM 82509L107 31,651 901 2.93 30,043 134.33 0.1994
2020-04-27 2020-03-31 13F SHOPIFY COM 82509L107 30,750 -3,314 -9.73 12,821 -5.33 0.1045
2020-02-10 2019-12-31 13F SHOPIFY COM 82509L107 34,064 7,331 27.42 13,543 62.54 0.0955
2019-11-12 2019-09-30 13F SHOPIFY INC CL A COM 82509L107 26,733 -3,613 -11.91 8,332 -8.52 0.0661
2019-08-12 2019-06-30 13F SHOPIFY COM 82509L107 30,346 -9,412 -23.67 9,108 10.87 0.0744
2019-05-15 2019-03-31 13F/A-1 SHOPIFY CL A 82509L107 39,758 5,109 14.75 8,215 71.25 0.0719
2019-05-15 2019-03-31 13F SHOPIFY CL A 82509L107 39,758 5,109 8,215
2019-02-13 2018-12-31 13F/A-1 SHOPIFY CL A 82509L107 34,649 765 2.26 4,797 -13.91 0.0474
2019-02-13 2018-12-31 13F SHOPIFY CL A 82509L107 34,649 765 4,797
2018-11-13 2018-09-30 13F SHOPIFY CL A 82509L107 33,884 -375 -1.09 5,572 11.48 0.0490
2018-08-14 2018-06-30 13F/A-1 SHOPIFY COM 82509L107 34,259 34,259 4,998 0.0477
2018-08-14 2018-06-30 13F SHOPIFY COM 82509L107 34,259 4,998 0.0477
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.