Shopify Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

BMV:SHOP N Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
13 Feb 25	SellMex$129,605,835	Toby Shannan	Individual	50,000	Mex$2,592.12
12 Feb 25	SellMex$123,891,555	Kasra Nejatian	Individual	50,000	Mex$2,477.83
12 Dec 24	SellMex$11,782,899	Jessica Hertz	Individual	4,963	Mex$2,374.15
14 Nov 24	SellMex$70,412,485	Kasra Nejatian	Individual	31,250	Mex$2,253.20
14 Nov 24	SellMex$4,475,071	Colleen Johnston	Individual	2,000	Mex$2,237.54
13 Nov 24	SellMex$19,662,602	Harley Finkelstein	Individual	8,877	Mex$2,215.01
13 Nov 24	SellMex$69,107,042	Kasra Nejatian	Individual	31,250	Mex$2,239.61
13 Nov 24	SellMex$34,436,635	Toby Shannan	Individual	15,000	Mex$2,295.78
08 Aug 24	SellMex$59,963,807	Kasra Nejatian	Individual	48,387	Mex$1,239.25
06 Jun 24	SellMex$1,074	Toby Shannan	Individual	1	Mex$1,073.52
28 May 24	SellMex$728,313	Jessica Hertz	Individual	768	Mex$948.32

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of SHOP N?
Owner Type	Number of Shares	Ownership Percentage
Public Companies	1,751	0.000135%
State or Government	736,502	0.0568%
Individual Insiders	81,096,098	6.25%
General Public	359,767,808	27.7%
Institutions	855,778,712	66%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 46.86% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
8.68%	Capital Research and Management Company	112,562,849	Mex$235.0b	-2.23%	0.49%
6.13%	Tobias Lütke	79,550,132	Mex$166.1b	0%	no data
4.31%	Baillie Gifford & Co.	55,877,748	Mex$116.7b	-6.52%	2.36%
3.7%	The Vanguard Group, Inc.	47,962,280	Mex$100.1b	1.87%	0.06%
3.3%	FMR LLC	42,862,281	Mex$89.5b	3.28%	0.24%
3.23%	T. Rowe Price Group, Inc.	41,901,348	Mex$87.5b	-12.3%	0.35%
1.73%	Morgan Stanley Investment Management Inc.	22,453,172	Mex$46.9b	-35%	1.54%
1.32%	Polen Capital Management, LLC	17,082,458	Mex$35.7b	0%	4.39%
1.31%	Fidelity International Ltd	16,956,004	Mex$35.4b	7.49%	0.63%
1.28%	JP Morgan Asset Management	16,641,122	Mex$34.7b	43.8%	0.17%
1.27%	Arrowstreet Capital, Limited Partnership	16,487,579	Mex$34.4b	79.8%	1.16%
1.13%	Loomis Sayles & Company, L.P.	14,612,866	Mex$30.5b	-3.12%	1.76%
1.12%	Norges Bank Investment Management	14,504,856	Mex$30.3b	1.94%	0.1%
1.06%	Sands Capital Management, LLC	13,778,939	Mex$28.8b	-9.18%	3.25%
0.87%	BMO Asset Management Corp.	11,305,521	Mex$23.6b	9.11%	0.4%
0.84%	RBC Global Asset Management Inc.	10,901,743	Mex$22.8b	-0.99%	0.61%
0.72%	Franklin Resources, Inc.	9,297,718	Mex$19.4b	-14.5%	0.29%
0.71%	National Bank Investments Inc.	9,180,345	Mex$19.2b	5.5%	0.91%
0.68%	TD Asset Management, Inc.	8,809,783	Mex$18.4b	-2.59%	0.59%
0.67%	Mackenzie Financial Corporation	8,648,734	Mex$18.1b	19.8%	0.84%
0.63%	Canadian Imperial Bank of Commerce, Asset Management Arm	8,143,882	Mex$17.0b	-3.77%	1.67%
0.57%	Artisan Partners Limited Partnership	7,332,465	Mex$15.3b	-25%	0.52%
0.55%	Manulife Asset Management	7,168,363	Mex$15.0b	-12.7%	0.49%
0.54%	Geode Capital Management, LLC	7,015,582	Mex$14.6b	30.2%	0.04%
0.54%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	6,963,894	Mex$14.5b	2.22%	0.14%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/14 04:35
End of Day Share Price	2025/05/14 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Shopify Inc. is covered by 82 analysts. 47 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Harshit Gupta	Accountability Research Corporation
Richard Kramer	Arete Research Services LLP
Rocco Strauss	Arete Research Services LLP