Shopify Inc.
US ˙ NasdaqGS ˙ CA82509L1076

SecuritySHOP / Shopify Inc.
InstitutionMutual Advisors, LLC
Latest Disclosed Ownership24,130 shares
Latest Disclosed Value $ 2,862,313
Mutual Advisors, LLC reports 10.61% increase in ownership of SHOP / Shopify Inc.

On May 1, 2026 - Mutual Advisors, LLC filed a 13F-HR form disclosing ownership of 24,130 shares of Shopify Inc. (US:SHOP) valued at $2,862,301 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 2, 2026 disclosing 21,816 shares of Shopify Inc.. This represents a change in shares of 10.61% during the quarter. The current value of the position is $2,725,242 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)
2026-05-01 2026-03-31 13F SHOPIFY CL A SUB VTG SHS 82509L107 24,130 2,314 10.61 2,862 -18.48 0.0613
2026-02-02 2025-12-31 13F SHOPIFY CL A SUB VTG SHS 82509L107 21,816 1,395 6.83 3,512 2.96 0.0753
2025-11-04 2025-09-30 13F SHOPIFY CL A SUB VTG SHS 82509L107 20,421 -1,649 -7.47 3,411 24.18 0.0751
2025-07-28 2025-06-30 13F SHOPIFY CL A SUB VTG SHS 82509L107 22,070 -1,016 -4.40 2,746 22.48 0.0686
2025-04-28 2025-03-31 13F SHOPIFY CL A 82509L107 23,086 -243 -1.04 2,242 -7.13 0.0642
2025-01-17 2024-12-31 13F SHOPIFY CL A 82509L107 23,329 -1,358 -5.50 2,415 22.54 0.0699
2024-10-25 2024-09-30 13F SHOPIFY CL A 82509L107 24,687 -717 -2.82 1,971 29.61 0.0576
2024-07-30 2024-06-30 13F SHOPIFY CL A 82509L107 25,404 296 1.18 1,521 -21.53 0.0459
2024-05-02 2024-03-31 13F SHOPIFY CL A 82509L107 25,108 -5,053 -16.75 1,938 -17.54 0.0621
2024-01-12 2023-12-31 13F SHOPIFY CL A 82509L107 30,161 1,639 5.75 2,350 50.96 0.0817
2023-11-13 2023-09-30 13F SHOPIFY CL A 82509L107 28,522 1,009 3.67 1,556 -12.44 0.0607
2023-07-31 2023-06-30 13F SHOPIFY CL A 82509L107 27,513 429 1.58 1,777 36.90 0.0675
2023-04-11 2023-03-31 13F SHOPIFY CL A 82509L107 27,084 -9,561 -26.09 1,298 2.12 0.0533
2023-01-12 2022-12-31 13F SHOPIFY CL A 82509L107 36,645 945 2.65 1,272 32.12 0.0569
2022-11-03 2022-09-30 13F SHOPIFY CL A 82509L107 35,700 610 1.74 962 -12.23 0.0495
2022-08-15 2022-06-30 13F SHOPIFY CL A 82509L107 35,090 33,034 1,606.71 1,096 -21.15 0.0726
2022-05-09 2022-03-31 13F SHOPIFY CL A 82509L107 2,056 258 14.35 1,390 -43.88 0.0778
2022-02-14 2021-12-31 13F SHOPIFY CL A 82509L107 1,798 976 118.73 2,477 122.35 0.1311
2021-11-15 2021-09-30 13F SHOPIFY CL A 82509L107 822 -9 -1.08 1,114 -8.24 0.0659
2021-08-12 2021-06-30 13F SHOPIFY CL A 82509L107 831 64 8.34 1,214 42.99 0.0720
2021-05-13 2021-03-31 13F SHOPIFY CL A 82509L107 767 16 2.13 849 -0.12 0.0581
2021-02-11 2020-12-31 13F SHOPIFY CL A 82509L107 751 29 4.02 850 15.02 0.0631
2020-11-13 2020-09-30 13F SHOPIFY CL A 82509L107 722 91 14.42 739 23.37 0.0641
2020-08-05 2020-06-30 13F SHOPIFY CL A 82509L107 631 14 2.27 599 133.07 0.0589
2020-05-13 2020-03-31 13F SHOPIFY CL A 82509L107 617 617 257 0.0349
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.