Gavilan Investment Partners LLC: SHOPIFY INC (SHOP): Quarterly 13F Position History
As of Q1 2026, Gavilan Investment Partners LLC reported 230,000 shares of SHOPIFY INC (SHOP), worth $27.3M and representing 7.3% of its 13F equity book. The position first appeared in Q4 2022 and has been disclosed across 14 13F-HR filings in Pactolio's tracked window.
- 230,000Shares Held (Latest Filing)
- $27.3MReported Market Value (Latest Filing)
- 7.3%Portfolio Weight (% of 13F Equity Book)
- 0Quarter-over-Quarter Share Change
- -$9.7MQuarter-over-Quarter Value Change
- 401,000Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 14 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 230,000 | 0 | — | $27.3M | 7.3% | $118.6 |
| Q4 2025 | 230,000 | 75,000 | -24.6% | $37.0M | 8.9% | $161.0 |
| Q3 2025 | 305,000 | 25,000 | -7.6% | $45.3M | 10.1% | $148.6 |
| Q2 2025 | 330,000 | 0 | — | $38.1M | 9.1% | $115.3 |
| Q1 2025 | 330,000 | 0 | — | $31.5M | 8.9% | $95.5 |
| Q4 2024 | 330,000 | 71,000 | -17.7% | $35.1M | 9.7% | $106.3 |
| Q3 2024 | 401,000 | +45,000 | +12.6% | $32.1M | 9.2% | $80.1 |
| Q2 2024 | 356,000 | +129,000 | +56.8% | $23.5M | 7.5% | $66.0 |
| Q1 2024 | 227,000 | 0 | — | $17.5M | 5.7% | $77.2 |
| Q4 2023 | 227,000 | 32,000 | -12.4% | $17.7M | 6.6% | $77.9 |
| Q3 2023 | 259,000 | +35,000 | +15.6% | $14.1M | 6.1% | $54.6 |
| Q2 2023 | 224,000 | 80,155 | -26.4% | $14.5M | 6.5% | $64.6 |
| Q1 2023 | 304,155 | +99,355 | +48.5% | $14.6M | 7.5% | $47.9 |
| Q4 2022 | 204,800 | — | — | $7.1M | 7.3% | $34.7 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did Gavilan Investment Partners LLC first disclose a SHOP position in 13F-HR filings?
Gavilan Investment Partners LLC first reported SHOPIFY INC (SHOP) on its 13F-HR filing for the period ending 2022-12-31 (Q4 2022). The position has appeared on 14 reported quarters within Pactolio's tracked window.
What was Gavilan Investment Partners LLC's most recent quarter-over-quarter share-count change in SHOP?
Gavilan Investment Partners LLC held the same 230,000 shares of SHOP between Q4 2025 and Q1 2026 — the reported share count was unchanged quarter-over-quarter.
Does the implied price-per-share represent Gavilan Investment Partners LLC's cost basis in SHOP?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.