Shopify Inc.
US ˙ NasdaqGS ˙ CA82509L1076

SecuritySHOP / Shopify Inc.
InstitutionSei Investments Co
Latest Disclosed Ownership2,515,035 shares
Latest Disclosed Value $ 404,844,904
Sei Investments Co reports 5.96% decrease in ownership of SHOP / Shopify Inc.

On February 13, 2026 - Sei Investments Co filed a 13F-HR form disclosing ownership of 2,515,035 shares of Shopify Inc. (US:SHOP) valued at $404,845,184 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 13, 2025 disclosing 2,674,370 shares of Shopify Inc.. This represents a change in shares of -5.96% during the quarter. The current value of the position is $284,048,053 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)
2026-02-13 2025-12-31 13F SHOPIFY CL A SUB VTG SHS 82509L107 2,515,035 -159,335 -5.96 404,845 1.86 0.3996
2025-11-13 2025-09-30 13F SHOPIFY CL A SUB VTG SHS 82509L107 2,674,370 87,352 3.38 397,437 33.18 0.4274
2025-08-14 2025-06-30 13F SHOPIFY CL A SUB VTG SHS 82509L107 2,587,018 -161,677 -5.88 298,412 13.70 0.3459
2025-05-14 2025-03-31 13F/A-1 SHOPIFY CL A 82509L107 2,748,695 235,128 9.35 262,445 -1.80 0.3378
2025-05-13 2025-03-31 13F SHOPIFY CL A 82509L107 2,532,181 18,614 268,667 0.2922
2025-02-11 2024-12-31 13F SHOPIFY CL A 82509L107 2,513,567 -508,207 -16.82 267,267 10.37 0.3432
2024-11-12 2024-09-30 13F SHOPIFY CL A 82509L107 3,021,774 1,062,790 54.25 242,164 87.16 0.3145
2024-08-13 2024-06-30 13F SHOPIFY CL A 82509L107 1,958,984 862,294 78.63 129,391 52.89 0.1833
2024-05-07 2024-03-31 13F SHOPIFY CL A 82509L107 1,096,690 84,714 8.37 84,631 7.35 0.1240
2024-02-14 2023-12-31 13F SHOPIFY CL A 82509L107 1,011,976 300,088 42.15 78,833 102.93 0.1265
2023-11-14 2023-09-30 13F SHOPIFY CL A 82509L107 711,888 400,675 128.75 38,848 93.23 0.0698
2023-08-11 2023-06-30 13F SHOPIFY CL A 82509L107 311,213 -50,942 -14.07 20,104 15.80 0.0351
2023-05-12 2023-03-31 13F SHOPIFY CL A 82509L107 362,155 -69,608 -16.12 17,362 15.85 0.0322
2023-02-10 2022-12-31 13F SHOPIFY CL A 82509L107 431,763 72,178 20.07 14,987 54.69 0.0333
2022-11-14 2022-09-30 13F SHOPIFY CL A 82509L107 359,585 158,395 78.73 9,688 51.71 0.0216
2022-08-15 2022-06-30 13F SHOPIFY CL A 82509L107 201,190 72,435 56.26 6,386 -92.66 0.0138
2022-05-13 2022-03-31 13F SHOPIFY CL A 82509L107 128,755 -26,055 -16.83 87,020 -59.15 0.1749
2022-02-14 2021-12-31 13F SHOPIFY CL A 82509L107 154,810 33,721 27.85 213,019 30.03 0.3996
2021-11-12 2021-09-30 13F SHOPIFY CL A 82509L107 121,089 2,918 2.47 163,823 -4.80 0.3437
2021-08-06 2021-06-30 13F SHOPIFY CL A 82509L107 118,171 23,196 24.42 172,080 63.79 0.3816
2021-05-12 2021-03-31 13F SHOPIFY CL A 82509L107 94,975 42,592 81.31 105,059 77.79 0.2647
2021-02-08 2020-12-31 13F SHOPIFY CL A 82509L107 52,383 6,588 14.39 59,090 26.49 0.1528
2020-12-04 2020-09-30 13F/A-1 SHOPIFY CL A 82509L107 45,795 22,362 95.43 46,716 108.13 0.1353
2020-11-06 2020-09-30 13F SHOPIFY CL A 82509L107 47,019 23,586 47,968 115,496.2789
2020-08-17 2020-06-30 13F/A-1 SHOPIFY CL A 82509L107 23,433 2,084 9.76 22,446 156.41 0.0697
2020-08-11 2020-06-30 13F SHOPIFY CL A 82509L107 8,260 -13,089 8,044 21,819.7782
2020-05-14 2020-03-31 13F SHOPIFY CL A 82509L107 21,349 11,331 113.11 8,754 126.32 0.0322
2020-02-06 2019-12-31 13F SHOPIFY CL A 82509L107 10,018 1,629 19.42 3,868 49.98 0.0115
2019-11-12 2019-09-30 13F SHOPIFY CL A 82509L107 8,389 42 0.50 2,579 0.98 0.0066
2019-08-14 2019-06-30 13F SHOPIFY CL A 82509L107 8,347 1,363 19.52 2,554 79.73 0.0083
2019-05-15 2019-03-31 13F SHOPIFY CL A 82509L107 6,984 -2,120 -23.29 1,421 13.32 0.0048
2019-02-13 2018-12-31 13F SHOPIFY CL A 82509L107 9,104 4,105 82.12 1,254 52.74 0.0045
2018-11-08 2018-09-30 13F SHOPIFY CL A 82509L107 4,999 -2,136 -29.94 821 -21.13 0.0030
2018-08-03 2018-06-30 13F SHOPIFY CL A 82509L107 7,135 7,044 7,740.66 1,041 9,363.64 0.0035
2018-05-11 2018-03-31 13F SHOPIFY CL A 82509L107 91 -12,400 -99.27 11 -99.13 0.0000
2018-02-08 2017-12-31 13F SHOPIFY CL A 82509L107 12,491 3,701 42.10 1,261 110.52 0.0044
2017-05-05 2017-03-31 13F SHOPIFY CL A 82509L107 8,790 -8,617 -49.50 599 -19.71 0.0026
2017-02-02 2016-12-31 13F SHOPIFY CL A 82509L107 17,407 -3,112 -15.17 746 -15.32 0.0036
2016-11-04 2016-09-30 13F SHOPIFY CL A 82509L107 20,519 20,519 881 0.0045
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.