Shopify Inc.
US ˙ NasdaqGS ˙ CA82509L1076

SecuritySHOP / Shopify Inc.
InstitutionTd Asset Management Inc
Latest Disclosed Ownership9,574,621 shares
Latest Disclosed Value $ 1,132,558,565
Td Asset Management Inc reports 9.88% increase in ownership of SHOP / Shopify Inc.

On May 11, 2026 - Td Asset Management Inc filed a 13F-HR form disclosing ownership of 9,574,621 shares of Shopify Inc. (US:SHOP) valued at $1,135,741,543 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 10, 2026 disclosing 8,713,762 shares of Shopify Inc.. This represents a change in shares of 9.88% during the quarter. The current value of the position is $1,048,803,984 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)
2026-05-11 2026-03-31 13F SHOPIFY CL A SUB VTG SHS 82509L107 9,574,621 860,859 9.88 1,132,559 -19.38 0.9189
2026-02-10 2025-12-31 13F SHOPIFY CL A SUB VTG SHS 82509L107 8,713,762 185,252 2.17 1,404,790 10.85 1.1302
2025-11-10 2025-09-30 13F SHOPIFY CL A SUB VTG SHS 82509L107 8,528,510 118,836 1.41 1,267,327 30.91 1.0292
2025-07-28 2025-06-30 13F SHOPIFY CL A SUB VTG SHS 82509L107 8,409,674 -400,109 -4.54 968,065 15.49 0.8263
2025-05-07 2025-03-31 13F SHOPIFY CL A 82509L107 8,809,783 -234,217 -2.59 838,190 -12.87 0.7715
2025-02-11 2024-12-31 13F SHOPIFY CL A 82509L107 9,044,000 19,213 0.21 962,023 34.24 0.8512
2024-11-01 2024-09-30 13F SHOPIFY CL A 82509L107 9,024,787 363,325 4.19 716,656 25.23 0.6324
2024-08-02 2024-06-30 13F SHOPIFY CL A 82509L107 8,661,462 559,917 6.91 572,263 -8.52 0.5337
2024-05-08 2024-03-31 13F SHOPIFY CL A 82509L107 8,101,545 352,307 4.55 625,574 3.23 0.5820
2024-02-12 2023-12-31 13F SHOPIFY CL A 82509L107 7,749,238 645,143 9.08 605,995 55.76 0.5958
2023-10-27 2023-09-30 13F SHOPIFY CL A 82509L107 7,104,095 299,788 4.41 389,052 -11.59 0.4713
2023-08-09 2023-06-30 13F SHOPIFY CL A 82509L107 6,804,307 195,070 2.95 440,049 39.00 0.5012
2023-05-10 2023-03-31 13F SHOPIFY CL A 82509L107 6,609,237 113,257 1.74 316,586 40.45 0.3821
2023-02-07 2022-12-31 13F SHOPIFY CL A 82509L107 6,495,980 -1,540,521 -19.17 225,415 4.83 0.2782
2022-11-07 2022-09-30 13F SHOPIFY CL A 82509L107 8,036,501 38,881 0.49 215,029 -13.84 0.2692
2022-08-04 2022-06-30 13F SHOPIFY CL A 82509L107 7,997,620 7,162,405 857.55 249,574 -55.83 0.2891
2022-05-10 2022-03-31 13F SHOPIFY CL A 82509L107 835,215 124,435 17.51 564,971 -42.33 0.3338
2022-05-10 2022-03-31 13F SHOPIFY CL A 82509L107 826,533 559,094
2022-02-10 2021-12-31 13F SHOPIFY CL A 82509L107 710,780 147,095 26.10 979,595 28.09 0.8203
2021-11-09 2021-09-30 13F SHOPIFY CL A 82509L107 563,685 -292 -0.05 764,780 -9.61 0.7940
2021-08-11 2021-06-30 13F SHOPIFY CL A 82509L107 563,977 24,657 4.57 846,117 42.05 0.8589
2021-05-14 2021-03-31 13F SHOPIFY CL A 82509L107 539,320 29,635 5.81 595,647 3.52 0.6658
2021-02-16 2020-12-31 13F SHOPIFY CL A 82509L107 509,685 45,746 9.86 575,385 21.59 0.6986
2020-11-10 2020-09-30 13F SHOPIFY CL A 82509L107 463,939 29,571 6.81 473,218 15.02 0.6564
2020-08-13 2020-06-30 13F SHOPIFY CL A 82509L107 434,368 54,618 14.38 411,424 161.46 0.5853
2020-05-15 2020-03-31 13F SHOPIFY CL A 82509L107 379,750 17,967 4.97 157,357 9.25 0.2663
2020-02-11 2019-12-31 13F SHOPIFY CL A 82509L107 361,783 -26,594 -6.85 144,040 19.09 0.2091
2019-11-07 2019-09-30 13F SHOPIFY CL A 82509L107 388,377 -3,288 -0.84 120,948 2.54 0.1849
2019-08-01 2019-06-30 13F SHOPIFY CL A 82509L107 391,665 -22,771 -5.49 117,955 37.83 0.1766
2019-05-08 2019-03-31 13F SHOPIFY CL A 82509L107 414,436 5,873 1.44 85,579 51.53 0.1306
2019-02-01 2018-12-31 13F SHOPIFY CL A 82509L107 408,563 -9,350 -2.24 56,478 -17.72 0.0982
2018-11-01 2018-09-30 13F SHOPIFY CL A 82509L107 417,913 -16,199 -3.73 68,643 8.49 0.1015
2018-07-31 2018-06-30 13F SHOPIFY CL A 82509L107 434,112 -29,364 -6.34 63,270 9.77 0.0964
2018-05-11 2018-03-31 13F SHOPIFY CL A 82509L107 463,476 -5,359 -1.14 57,639 21.22 0.0882
2018-02-02 2017-12-31 13F SHOPIFY CL A 82509L107 468,835 -140,989 -23.12 47,551 -32.80 0.0693
2017-11-09 2017-09-30 13F SHOPIFY CL A 82509L107 609,824 2,494 0.41 70,762 34.38 0.1061
2017-08-01 2017-06-30 13F SHOPIFY CL A 82509L107 607,330 298,510 96.66 52,657 150.69 0.0830
2017-05-05 2017-03-31 13F SHOPIFY CL A 82509L107 308,820 -16,455 -5.06 21,005 50.09 0.0335
2017-02-08 2016-12-31 13F SHOPIFY CL A 82509L107 325,275 -9,885 -2.95 13,995 -2.51 0.0236
2016-11-02 2016-09-30 13F SHOPIFY CL A 82509L107 335,160 203,450 154.47 14,355 256.03 0.0248
2016-08-04 2016-06-30 13F SHOPIFY CL A 82509L107 131,710 50,010 61.21 4,032 73.87 0.0073
2016-05-05 2016-03-31 13F SHOPIFY CL A 82509L107 81,700 4,500 5.83 2,319 17.24 0.0043
2016-02-04 2015-12-31 13F SHOPIFY CL A 82509L107 77,200 20,200 35.44 1,978 -0.30 0.0039
2015-11-12 2015-09-30 13F SHOPIFY CL A 82509L107 57,000 19,800 53.23 1,984 57.09 0.0039
2015-08-11 2015-06-30 13F SHOPIFY CL A 82509L107 37,200 37,200 1,263 0.0023
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.