Shopify Inc.
US ˙ NasdaqGS ˙ CA82509L1076

SecuritySHOP / Shopify Inc.
InstitutionEquitable Trust Co
Latest Disclosed Ownership309,602 shares
Latest Disclosed Value $ 36,724,989
Equitable Trust Co reports 2.84% decrease in ownership of SHOP / Shopify Inc.

On April 30, 2026 - Equitable Trust Co filed a 13F-HR form disclosing ownership of 309,602 shares of Shopify Inc. (US:SHOP) valued at $36,724,989 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 2, 2026 disclosing 318,652 shares of Shopify Inc.. This represents a change in shares of -2.84% during the quarter. The current value of the position is $34,966,450 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)
2026-04-30 2026-03-31 13F Shopify Inc Cl A Com 82509L107 309,602 -9,050 -2.84 36,725 -28.40 0.9995
2026-02-02 2025-12-31 13F Shopify Inc Cl A Com 82509L107 318,652 2,974 0.94 51,293 9.34 2.2900
2025-11-10 2025-09-30 13F Shopify Inc Cl A Com 82509L107 315,678 -10,271 -3.15 46,913 24.77 2.1566
2025-07-23 2025-06-30 13F Shopify Inc Cl A Com 82509L107 325,949 79,327 32.17 37,598 59.67 1.8732
2025-04-25 2025-03-31 13F Shopify Inc Cl A Com 82509L107 246,622 -3,226 -1.29 23,547 -11.36 1.3044
2025-01-28 2024-12-31 13F Shopify Inc Cl A Com 82509L107 249,848 -5,115 -2.01 26,566 30.02 1.4827
2024-10-29 2024-09-30 13F Shopify Inc Cl A Com 82509L107 254,963 13,168 5.45 20,433 27.94 1.3110
2024-07-31 2024-06-30 13F Shopify Inc Com 82509L107 241,795 870 0.36 15,971 -14.10 1.0985
2024-04-24 2024-03-31 13F Shopify Inc Com 82509L107 240,925 -2,347 -0.96 18,592 -1.89 1.2895
2024-01-25 2023-12-31 13F Shopify Inc Com 82509L107 243,272 -7,117 -2.84 18,951 38.70 1.4248
2023-11-06 2023-09-30 13F Shopify Inc Com 82509L107 250,389 -6,339 -2.47 13,664 -17.61 1.1296
2023-08-08 2023-06-30 13F Shopify Inc Com 82509L107 256,728 -8,593 -3.24 16,585 30.39 1.2684
2023-05-02 2023-03-31 13F Shopify Inc Com 82509L107 265,321 -21,241 -7.41 12,719 27.88 1.0017
2023-02-17 2022-12-31 13F Shopify Inc Com 82509L107 286,562 -69,404 -19.50 9,947 3.71 0.7839
2022-10-31 2022-09-30 13F Shopify Inc Com 82509L107 355,966 -306,254 -46.25 9,590 -53.64 0.7993
2022-07-15 2022-06-30 13F Shopify Inc Com 82509L107 662,220 628,695 1,875.30 20,688 -8.71 1.5411
2022-05-06 2022-03-31 13F Shopify Inc Com 82509L107 33,525 14,761 78.67 22,661 -12.32 1.4561
2022-01-31 2021-12-31 13F Shopify Inc Com 82509L107 18,764 894 5.00 25,846 6.68 1.5964
2021-10-26 2021-09-30 13F Shopify Inc Com 82509L107 17,870 -46 -0.26 24,228 -7.44 1.5468
2021-08-03 2021-06-30 13F Shopify Inc Com 82509L107 17,916 -508 -2.76 26,175 28.40 1.6787
2021-05-14 2021-03-31 13F Shopify Inc Com 82509L107 18,424 -2,959 -13.84 20,386 -15.78 1.5187
2021-02-12 2020-12-31 13F Shopify Inc Com 82509L107 21,383 -956 -4.28 24,205 5.92 1.7969
2020-11-13 2020-09-30 13F Shopify Inc Com 82509L107 22,339 -9,159 -29.08 22,852 -23.57 1.9456
2020-08-18 2020-06-30 13F Shopify Inc Com 82509L107 31,498 -1,071 -3.29 29,898 120.18 2.7495
2020-05-21 2020-03-31 13F Shopify Inc Com 82509L107 32,569 -1,978 -5.73 13,579 -1.14 1.4924
2020-02-18 2019-12-31 13F Shopify Inc Com 82509L107 34,547 -844 -2.38 13,735 24.52 1.3417
2019-11-19 2019-09-30 13F Shopify Inc Com 82509L107 35,391 -4,952 -12.27 11,030 -8.91 1.1621
2019-08-16 2019-06-30 13F Shopify Inc Com 82509L107 40,343 -6,186 -13.29 12,109 25.95 1.2851
2019-05-15 2019-03-31 13F Shopify Inc Com 82509L107 46,529 361 0.78 9,614 50.41 1.1103
2019-02-22 2018-12-31 13F Shopify Inc Com 82509L107 46,168 15,808 52.07 6,392 28.02 0.8458
2018-11-15 2018-09-30 13F Shopify Inc Com 82509L107 30,360 120 0.40 4,993 13.17 0.5818
2018-08-14 2018-06-30 13F Shopify Inc Com 82509L107 30,240 30,240 4,412 0.5586
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.