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SHOP

SHOPIFY INC

4 managers · $4.9B total
Data: SEC EDGAR 13F · 2026Q2
Manager holders · last 5 qtrs
4
2025Q2 – 2026Q2 · -1 QoQ
Total position
$4.9B
Combined value across tracked managers
Net move this quarter
↓ Trimming
Weighted by holders' share change
HolderQ actionValue% of port.Style
Baillie GiffordTrim-2.13%$3.2B2.94%Long-term growth / Global allocation
SandsTrim-18.95%$827M3.07%High-conviction growth / Innovation-led
PolenTrim-27.42%$523M4.5%Quality growth / GARP concentrated
DurableAdd+140.34%$267M2.59%Growth / Long-term
What managers say
2026-08-12Baillie Gifford US Growth TrustBullBaillie Gifford US Growth Investment Trust Factsheet - July 2026Detail →
2026-07-17The Monks Investment Trust (Baillie Gifford)BullThe Monks Investment Trust - Quoted Data Annual Overview - Individual - July 2026Detail →
2026-07-15Baillie GiffordBullMonks’ musings: winning the long raceDetail →
2026-07-09Baillie Gifford US Growth TrustBullBaillie Gifford US Growth Investment Trust Factsheet - June 2026Detail →
2026-07-09Baillie Gifford American FundBullBaillie Gifford American Fund FactsheetDetail →
2026-07-07Baillie GiffordBullGlobal Alpha Forum: the changing growth opportunity setDetail →
2026-07-02Scottish Mortgage (Baillie Gifford)BullManager Insights: Tom SlaterDetail →
2026-07-01Baillie Gifford US Growth TrustBullBaillie Gifford US Growth Trust Valuation - 31 May 2026Detail →
13D/G Ownership Filings

Links open the original SEC EDGAR filing. Covers tracked managers only.

Earnings Calls
Q2 2026August 12, 2026
Q2 results beat expectations, primarily driven by AI tools fueling merchant growth and ecosystem expansion. GMV $116B (+32%), revenue $3.6B (+34%), marking the fifth consecutive quarter of GMV growth above 30%. On the business side, Catalog AI search conversion rate doubled, Sidekick daily active users grew 3.6x, Shop app GMV rose 70%, B2B grew 76%, international grew 37%, and new enterprise customers Guess and Avon were added. Q3 revenue guidance calls for low-30s% growth, with free cash flow margin in the high-teens to low-20s%, sustaining the strong outlook. 75% of AI orders come from long-tail categories, benefiting independent merchants, and management's tone is optimistic.
Q1 2026May 5, 2026
Q4 2026February 11, 2026
FinancialsFY2025 · Source: SEC EDGAR 10-K

4y revenue CAGR 27% · latest net margin 10.7% · FCF volatile

Revenue$11.6B
Rev. YoY+30.1%
Gross margin48.1%
Net margin10.7%
Net income$1.23B
Free cash flow$2.01B
Operating cash flow$2.03B
ROE9.1%

Source: SEC EDGAR company filings (10-K). Foreign issuers (20-F/IFRS) not yet covered.