Shopify Inc.
US ˙ NasdaqGS ˙ CA82509L1076

SecuritySHOP / Shopify Inc.
InstitutionMackenzie Financial Corp
Latest Disclosed Ownership9,946,334 shares
Latest Disclosed Value $ 1,180,005,503
Mackenzie Financial Corp reports 0.15% decrease in ownership of SHOP / Shopify Inc.

On May 13, 2026 - Mackenzie Financial Corp filed a 13F-HR form disclosing ownership of 9,946,334 shares of Shopify Inc. (US:SHOP) valued at $1,179,834,139 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 18, 2026 disclosing 9,961,097 shares of Shopify Inc.. This represents a change in shares of -0.15% during the quarter. The current value of the position is $1,123,338,962 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)
2026-05-13 2026-03-31 13F SHOPIFY CL A SUB VTG SHS 82509L107 9,946,334 -14,763 -0.15 1,180,006 -27.49 1.4159
2026-02-18 2025-12-31 13F SHOPIFY CL A SUB VTG SHS 82509L107 9,961,097 827,643 9.06 1,627,352 19.96 1.9274
2025-11-13 2025-09-30 13F SHOPIFY CL A SUB VTG SHS 82509L107 9,133,454 -158,031 -1.70 1,356,633 26.51 1.6433
2025-08-13 2025-06-30 13F SHOPIFY CL A SUB VTG SHS 82509L107 9,291,485 642,751 7.43 1,072,320 30.33 1.3893
2025-05-07 2025-03-31 13F SHOPIFY CL A 82509L107 8,648,734 1,426,406 19.75 822,745 7.15 1.1698
2025-05-02 2024-12-31 13F/A-2 SHOPIFY CL A 82509L107 7,222,328 -183,522 -2.48 767,855 29.42 1.0463
2025-02-20 2024-12-31 13F/A-1 SHOPIFY CL A 82509L107 7,222,328 -183,522 767,855 0.9979
2025-02-14 2024-12-31 13F Shopify Common Stock 82509L107 7,222,328 -183,522 818,044 1.1744
2024-11-13 2024-09-30 13F SHOPIFY CL A 82509L107 7,405,850 1,090,822 17.27 593,289 42.14 0.8256
2024-08-14 2024-06-30 13F SHOPIFY CL A 82509L107 6,315,028 2,102,939 49.93 417,386 28.39 0.6202
2024-05-10 2024-03-31 13F SHOPIFY CL A 82509L107 4,212,089 -122,633 -2.83 325,084 -3.72 0.4685
2024-01-30 2023-12-31 13F SHOPIFY CL A 82509L107 4,334,722 309,540 7.69 337,640 63.27 0.5092
2023-10-25 2023-09-30 13F SHOPIFY CL A 82509L107 4,025,182 -220,638 -5.20 206,793 -24.63 0.3477
2023-08-03 2023-06-30 13F SHOPIFY CL A 82509L107 4,245,820 231,841 5.78 274,381 42.58 0.4162
2023-04-24 2023-03-31 13F SHOPIFY CL A 82509L107 4,013,979 -371,972 -8.48 192,443 26.58 0.2973
2023-02-14 2022-12-31 13F SHOPIFY CL A 82509L107 4,385,951 -80,714 -1.81 152,030 26.56 0.2539
2022-10-07 2022-09-30 13F Shopify Common Stock 82509L107 4,466,665 177,970 4.15 120,121 -10.18 0.2066
2022-08-10 2022-06-30 13F SHOPIFY CL A 82509L107 4,288,695 3,826,316 827.53 133,739 -57.30 0.2142
2022-05-13 2022-03-31 13F SHOPIFY CL A 82509L107 462,379 -43,506 -8.60 313,193 -54.86 0.4199
2022-02-14 2021-12-31 13F SHOPIFY CL A 82509L107 505,885 65,103 14.77 693,897 16.17 0.9349
2021-11-08 2021-09-30 13F SHOPIFY CL A 82509L107 440,782 -5,642 -1.26 597,305 -8.42 0.8470
2021-08-11 2021-06-30 13F SHOPIFY CL A 82509L107 446,424 22,225 5.24 652,247 39.86 0.9071
2021-05-14 2021-03-31 13F SHOPIFY CL A 82509L107 424,199 220,295 108.04 466,373 103.18 0.7108
2021-02-10 2020-12-31 13F SHOPIFY CL A 82509L107 203,904 36,717 21.96 229,539 34.21 0.4957
2020-11-13 2020-09-30 13F SHOPIFY CL A 82509L107 167,187 24,927 17.52 171,029 26.92 0.4248
2020-08-13 2020-06-30 13F SHOPIFY CL A 82509L107 142,260 662 0.47 134,755 128.97 0.3606
2020-05-14 2020-03-31 13F SHOPIFY CL A 82509L107 141,598 13,223 10.30 58,853 15.24 0.1892
2020-02-13 2019-12-31 13F SHOPIFY CL A 82509L107 128,375 11,840 10.16 51,071 40.62 0.1256
2019-11-14 2019-09-30 13F SHOPIFY CL A 82509L107 116,535 2,864 2.52 36,319 6.45 0.0954
2019-08-23 2019-06-30 13F/A-1 SHOPIFY CL A 82509L107 113,671 6,673 6.24 34,118 54.32 0.0880
2019-08-14 2019-06-30 13F SHOPIFY CL A 82509L107 113,671 6,673 34,118
2019-05-15 2019-03-31 13F SHOPIFY CL A 82509L107 106,998 1,863 1.77 22,108 51.88 0.0533
2019-02-06 2018-12-31 13F SHOPIFY CL A 82509L107 105,135 105,135 -1.74 14,556 -34.16 0.0383
2016-11-15 2016-09-30 13F SHOPIFY CL A 82509L107 0 -53,700 -100.00 0 -100.00
2016-08-12 2016-06-30 13F SHOPIFY CL A 82509L107 53,700 15,200 39.48 1,652 52.12 0.0093
2016-05-12 2016-03-31 13F SHOPIFY CL A 82509L107 38,500 38,500 1,086 0.0099
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.