Shopify Inc.
US ˙ NasdaqGS ˙ CA82509L1076

SecuritySHOP / Shopify Inc.
InstitutionStrategy Capital LLC
Latest Disclosed Ownership1,649,987 shares
Latest Disclosed Value $ 195,721,458
Strategy Capital LLC reports 0.88% increase in ownership of SHOP / Shopify Inc.

On May 14, 2026 - Strategy Capital LLC filed a 13F-HR form disclosing ownership of 1,649,987 shares of Shopify Inc. (US:SHOP) valued at $195,721,458 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 1,635,575 shares of Shopify Inc.. This represents a change in shares of 0.88% during the quarter. The current value of the position is $186,349,532 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.

Upgrade to unlock premium data and export to Excel .

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 CL A SUB VTG SHS 82509L107 1,649,987 14,412 0.88 195,721 -25.66 16.0035
2026-02-13 2025-12-31 13F SHOPIFY CL A SUB VTG SHS 82509L107 1,635,575 -189,668 -10.39 263,279 -2.94 19.4163
2025-11-13 2025-09-30 13F SHOPIFY CL A SUB VTG SHS 82509L107 1,825,243 -4,674 -0.26 271,249 28.51 17.9450
2025-08-13 2025-06-30 13F SHOPIFY CL A 82509L107 1,829,917 78,589 4.49 211,081 26.23 14.2112
2025-07-29 2025-03-31 13F/A-1 SHOPIFY CL A 82509L107 1,751,328 -83,863 -4.57 167,217 -14.31 15.6805
2025-05-13 2025-03-31 13F SHOPIFY CL A 82509L107 1,720,486 -114,705 164,272 15.6805
2025-02-13 2024-12-31 13F SHOPIFY CL A 82509L107 1,835,191 -66,680 -3.51 195,136 28.03 15.8764
2024-11-14 2024-09-30 13F/A-1 SHOPIFY CL A 82509L107 1,901,871 239,814 14.43 152,416 38.84 14.6694
2024-11-13 2024-09-30 13F SHOPIFY CL A 82509L107 1,901,871 239,814 152,416 14.6694
2024-08-13 2024-06-30 13F SHOPIFY CL A 82509L107 1,662,057 10,648 0.64 109,779 -13.86 10.7813
2024-05-14 2024-03-31 13F SHOPIFY CL A 82509L107 1,651,409 33,550 2.07 127,439 1.12 12.9377
2024-02-13 2023-12-31 13F SHOPIFY CL A 82509L107 1,617,859 -109,597 -6.34 126,031 33.70 13.7010
2023-11-14 2023-09-30 13F SHOPIFY CL A 82509L107 1,727,456 -205,488 -10.63 94,267 -24.51 13.1514
2023-08-11 2023-06-30 13F SHOPIFY CL A 82509L107 1,932,944 -455,349 -19.07 124,868 9.06 17.2633
2023-05-12 2023-03-31 13F SHOPIFY CL A 82509L107 2,388,293 -778,959 -24.59 114,495 4.15 18.2897
2023-02-14 2022-12-31 13F SHOPIFY CAP STK CL A 82509L107 3,167,252 67,006 2.16 109,935 31.63 22.5399
2022-11-10 2022-09-30 13F SHOPIFY CAP STK CL A 82509L107 3,100,246 306,286 10.96 83,520 -4.31 14.2508
2022-08-12 2022-06-30 13F SHOPIFY CAP STK CL A 82509L107 2,793,960 2,579,087 1,200.28 87,284 -39.91 15.2298
2022-05-13 2022-03-31 13F SHOPIFY CAP STK CL A 82509L107 214,873 17,286 8.75 145,245 -46.63 17.5472
2022-02-11 2021-12-31 13F SHOPIFY CAP STK CL A 82509L107 197,587 12,535 6.77 272,154 8.48 25.7455
2021-11-12 2021-09-30 13F SHOPIFY CAP STK CL A 82509L107 185,052 6,074 3.39 250,889 -4.05 23.8261
2021-08-12 2021-06-30 13F SHOPIFY CAP STK CL A 82509L107 178,978 5,215 3.00 261,484 36.00 26.7709
2021-05-14 2021-03-31 13F SHOPIFY CAP STK CL A 82509L107 173,763 -2,462 -1.40 192,269 -3.61 26.1481
2021-02-12 2020-12-31 13F SHOPIFY CAP STK CL A 82509L107 176,225 -18,340 -9.43 199,478 0.22 26.3980
2020-11-12 2020-09-30 13F SHOPIFY INC CAP STK CL A 82509L107 194,565 -16,761 -7.93 199,034 -0.78 28.3681
2020-08-13 2020-06-30 13F SHOPIFY INC CAP STK CL A 82509L107 211,326 -25,542 -10.78 200,591 103.12 32.3457
2020-05-13 2020-03-31 13F SHOPIFY INC CAP STK CL A 82509L107 236,868 -70,740 -23.00 98,757 -19.25 24.0629
2020-02-10 2019-12-31 13F SHOPIFY INC CAP STK CL A 82509L107 307,608 22,127 7.75 122,299 37.46 33.1746
2019-11-08 2019-09-30 13F SHOPIFY INC CAP STK CL A 82509L107 285,481 101,336 55.03 88,973 60.98 26.8052
2019-08-14 2019-06-30 13F SHOPIFY INC CAP STK CL A 82509L107 184,145 6,229 3.50 55,271 50.48 23.3236
2019-05-14 2019-03-31 13F SHOPIFY INC CAP STK CL A 82509L107 177,916 92,451 108.17 36,731 210.41 18.4138
2019-05-06 2018-12-31 13F SHOPIFY INC CAP STK CL A 82509L107 85,465 85,465 11,833 12.9229
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.