Shopify Inc.
US ˙ NasdaqGS ˙ CA82509L1076

SecuritySHOP / Shopify Inc.
InstitutionToth Financial Advisory Corp
Latest Disclosed Ownership2,634 shares
Latest Disclosed Value $ 312,446
Toth Financial Advisory Corp reports 45.41% decrease in ownership of SHOP / Shopify Inc.

On April 16, 2026 - Toth Financial Advisory Corp filed a 13F-HR form disclosing ownership of 2,634 shares of Shopify Inc. (US:SHOP) valued at $312,445 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 20, 2026 disclosing 4,825 shares of Shopify Inc.. This represents a change in shares of -45.41% during the quarter. The current value of the position is $297,484 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)
2026-04-16 2026-03-31 13F SHOPIFY CL A SUB VTG SHS 82509L107 2,634 -2,191 -45.41 312 -59.79 0.0343
2026-01-20 2025-12-31 13F SHOPIFY CL A SUB VTG SHS 82509L107 4,825 -240 -4.74 777 3.19 0.0843
2025-10-09 2025-09-30 13F SHOPIFY CL A SUB VTG SHS 82509L107 5,065 504 11.05 753 42.97 0.0812
2025-07-14 2025-06-30 13F SHOPIFY CL A SUB VTG SHS 82509L107 4,561 -4,214 -48.02 526 -37.16 0.0614
2025-04-14 2025-03-31 13F SHOPIFY CL A 82509L107 8,775 2,623 42.64 838 27.98 0.1009
2025-01-21 2024-12-31 13F SHOPIFY CL A 82509L107 6,152 17 0.28 654 33.20 0.0769
2024-10-21 2024-09-30 13F SHOPIFY CL A 82509L107 6,135 4,845 375.58 492 477.65 0.0581
2024-07-16 2024-06-30 13F SHOPIFY CL A 82509L107 1,290 60 4.88 85 -9.57 0.0108
2024-04-16 2024-03-31 13F SHOPIFY CL A 82509L107 1,230 -20 -1.60 95 -3.09 0.0119
2024-01-26 2023-12-31 13F SHOPIFY CL A 82509L107 1,250 -128 -9.29 97 29.33 0.0132
2023-10-12 2023-09-30 13F SHOPIFY CL A 82509L107 1,378 -4,123 -74.95 75 -78.87 0.0115
2023-07-24 2023-06-30 13F SHOPIFY CL A 82509L107 5,501 4,221 329.77 355 481.97 0.0514
2023-04-24 2023-03-31 13F SHOPIFY CL A 82509L107 1,280 100 8.47 61 52.50 0.0096
2023-01-24 2022-12-31 13F SHOPIFY CL A 82509L107 1,180 -195 -14.18 41 8.11 0.0066
2022-10-14 2022-09-30 13F SHOPIFY CL A 82509L107 1,375 45 3.38 37 -11.90 0.0067
2022-07-25 2022-06-30 13F SHOPIFY CL A 82509L107 1,330 1,197 900.00 42 -53.33 0.0073
2022-04-26 2022-03-31 13F SHOPIFY CL A 82509L107 133 0 0.00 90 -50.82 0.0134
2022-01-31 2021-12-31 13F SHOPIFY CL A 82509L107 133 0 0.00 183 1.67 0.0249
2021-10-20 2021-09-30 13F SHOPIFY CL A 82509L107 133 -5 -3.62 180 -10.89 0.0273
2021-07-26 2021-06-30 13F SHOPIFY CL A 82509L107 138 0 0.00 202 32.03 0.0308
2021-04-20 2021-03-31 13F SHOPIFY CL A 82509L107 138 8 6.15 153 4.08 0.0244
2021-01-25 2020-12-31 13F SHOPIFY CL A 82509L107 130 2 1.56 147 12.21 0.0252
2020-10-16 2020-09-30 13F SHOPIFY CL A 82509L107 128 3 2.40 131 10.08 0.0252
2020-07-14 2020-06-30 13F SHOPIFY CL A 82509L107 125 100 400.00 119 1,090.00 0.0258
2020-04-20 2020-03-31 13F SHOPIFY CL A 82509L107 25 25 -80.00 10 -91.60 0.0029
2020-01-27 2019-12-31 13F SHOPIFY CL A 82509L107 0 -100 -100.00 0 -100.00
2019-10-15 2019-09-30 13F SHOPIFY CL A 82509L107 100 0 0.00 31 3.33 0.0068
2019-07-17 2019-06-30 13F SHOPIFY CL A 82509L107 100 0 0.00 30 42.86 0.0067
2019-04-15 2019-03-31 13F SHOPIFY CL A 82509L107 100 0 0.00 21 50.00 0.0049
2019-01-22 2018-12-31 13F SHOPIFY CL A 82509L107 100 0 0.00 14 -12.50 0.0038
2018-10-15 2018-09-30 13F SHOPIFY CL A 82509L107 100 100 16 0.0036
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.