Shopify Inc.
US ˙ NasdaqGS ˙ CA82509L1076

SecuritySHOP / Shopify Inc.
InstitutionNvwm, Llc
Latest Disclosed Ownership11,846 shares
Latest Disclosed Value $ 1,405,173
Nvwm, Llc reports 11.21% increase in ownership of SHOP / Shopify Inc.

On April 27, 2026 - Nvwm, Llc filed a 13F-HR form disclosing ownership of 11,846 shares of Shopify Inc. (US:SHOP) valued at $1,405,173 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 20, 2026 disclosing 10,652 shares of Shopify Inc.. This represents a change in shares of 11.21% during the quarter. The current value of the position is $1,337,887 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)
2026-04-27 2026-03-31 13F SHOPIFY INC CL A SUB VTG SHS COM 82509L107 11,846 1,194 11.21 1,405 -18.03 0.1648
2026-01-20 2025-12-31 13F SHOPIFY INC CL A SUB VTG SHS COM 82509L107 10,652 257 2.47 1,715 11.01 0.3731
2025-10-16 2025-09-30 13F SHOPIFY INC CL A SUB VTG SHS COM 82509L107 10,395 -4,294 -29.23 1,545 -8.85 0.3474
2025-08-06 2025-06-30 13F SHOPIFY INC CL A SUB VTG SHS COM 82509L107 14,689 3,241 28.31 1,694 54.99 0.4091
2025-05-07 2025-03-31 13F SHOPIFY INC CL A COM 82509L107 11,448 -5,611 -32.89 1,093 -39.71 0.2903
2025-01-27 2024-12-31 13F SHOPIFY INC CL A COM 82509L107 17,059 -1,197 -6.56 1,814 23.92 0.4576
2024-10-29 2024-09-30 13F SHOPIFY INC CL A COM 82509L107 18,256 18 0.10 1,463 21.51 0.3724
2024-08-13 2024-06-30 13F SHOPIFY INC CL A COM 82509L107 18,238 16,028 725.25 1,205 608.24 0.3208
2024-05-07 2024-03-31 13F SHOPIFY INC CL A COM 82509L107 2,210 0 0.00 171 -1.16 0.0468
2024-02-08 2023-12-31 13F SHOPIFY INC CL A COM 82509L107 2,210 -10 -0.45 172 42.15 0.0516
2023-10-30 2023-09-30 13F SHOPIFY INC CL A COM 82509L107 2,220 300 15.62 121 -2.42 0.0396
2023-08-08 2023-06-30 13F SHOPIFY INC CL A COM 82509L107 1,920 300 18.52 124 61.04 0.0403
2023-05-11 2023-03-31 13F SHOPIFY INC CL A COM 82509L107 1,620 0 0.00 78 37.50 0.0260
2023-02-14 2022-12-31 13F SHOPIFY INC CL A COM 82509L107 1,620 0 0.00 56 27.27 0.0204
2022-11-15 2022-09-30 13F SHOPIFY INC CL A COM 82509L107 1,620 30 1.89 44 -12.00 0.0175
2022-08-04 2022-06-30 13F SHOPIFY INC CL A COM 82509L107 1,590 1,428 881.48 50 -54.55 0.0194
2022-05-11 2022-03-31 13F SHOPIFY INC CL A COM 82509L107 162 -1,427 -89.80 110 -94.97 0.0349
2022-02-08 2021-12-31 13F SHOPIFY INC CL A COM 82509L107 1,589 19 1.21 2,189 2.82 0.6825
2021-11-03 2021-09-30 13F SHOPIFY INC CL A COM 82509L107 1,570 -6 -0.38 2,129 -7.52 0.7659
2021-08-04 2021-06-30 13F SHOPIFY INC CL A COM 82509L107 1,576 35 2.27 2,302 35.01 0.8274
2021-05-11 2021-03-31 13F SHOPIFY INC CL A COM 82509L107 1,541 -9 -0.58 1,705 -2.79 0.6772
2021-02-09 2020-12-31 13F SHOPIFY INC CL A COM 82509L107 1,550 54 3.61 1,754 14.64 0.7301
2020-12-10 2020-09-30 13F SHOPIFY INC CLS A COM 82509L107 1,496 -949 -38.81 1,530 -34.08 0.7184
2020-08-11 2020-06-30 13F SHOPIFY INC CL A COM 82509L107 2,445 -323 -11.67 2,321 101.13 1.2498
2020-05-08 2020-03-31 13F SHOPIFY INC CL A COM 82509L107 2,768 69 2.56 1,154 7.55 0.8019
2020-02-07 2019-12-31 13F SHOPIFY INC CL A COM 82509L107 2,699 -86 -3.09 1,073 23.62 0.6427
2019-11-08 2019-09-30 13F/A-1 SHOPIFY INC CL A COM 82509L107 2,785 -48 -1.69 868 2.12 0.5333
2019-10-29 2019-09-30 13F SHOPIFY INC CL A COM 82509L107 2,785 -48 868 0.5318
2019-08-07 2019-06-30 13F SHOPIFY INC CL A COM 82509L107 2,833 0 0.00 850 45.30 0.5127
2019-05-10 2019-03-31 13F SHOPIFY INC CL A COM 82509L107 2,833 0 0.00 585 49.23 0.3876
2019-01-29 2018-12-31 13F SHOPIFY INC CL A COM 82509L107 2,833 430 17.89 392 -0.76 0.2937
2018-11-14 2018-09-30 13F SHOPIFY INC CL A COM 82509L107 2,403 902 60.09 395 80.37 0.2498
2018-08-01 2018-06-30 13F SHOPIFY INC CL A COM 82509L107 1,501 1,485 9,281.25 219 10,850.00 0.1522
2018-05-17 2018-03-31 13F SHOPIFY INC CL A COM 82509L107 16 16 2 0.0015
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.