POLEN CAPITAL MANAGEMENT LLC: SHOPIFY INC (SHOP): Quarterly 13F Position History
As of Q1 2026, POLEN CAPITAL MANAGEMENT LLC reported 6,306,740 shares of SHOPIFY INC (SHOP), worth $748.1M and representing 5.2% of its 13F equity book. Quarter-over-quarter share count change: 895,132 (-12.4%) . The position first appeared in Q2 2021 and has been disclosed across 20 13F-HR filings in Pactolio's tracked window.
- 6,306,740Shares Held (Latest Filing)
- $748.1MReported Market Value (Latest Filing)
- 5.2%Portfolio Weight (% of 13F Equity Book)
- 895,132Quarter-over-Quarter Share Change
- -$411.2MQuarter-over-Quarter Value Change
- 18,967,838Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 20 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 6,306,740 | 895,132 | -12.4% | $748.1M | 5.2% | $118.6 |
| Q4 2025 | 7,201,872 | 3,859,034 | -34.9% | $1.2B | 5.0% | $161.0 |
| Q3 2025 | 11,060,906 | 3,629,254 | -24.7% | $1.6B | 5.3% | $148.6 |
| Q2 2025 | 14,690,160 | 579,915 | -3.8% | $1.7B | 5.2% | $115.3 |
| Q1 2025 | 15,270,075 | 1,809,405 | -10.6% | $1.5B | 4.6% | $95.5 |
| Q4 2024 | 17,079,480 | 1,888,358 | -10.0% | $1.8B | 4.9% | $106.3 |
| Q3 2024 | 18,967,838 | +4,245,484 | +28.8% | $1.5B | 3.9% | $80.1 |
| Q2 2024 | 14,722,354 | +13,891,599 | +1672.2% | $972.4M | 2.4% | $66.0 |
| Q1 2024 | 830,755 | +50,879 | +6.5% | $64.1M | 0.1% | $77.2 |
| Q4 2023 | 779,876 | 22,774 | -2.8% | $60.8M | 0.1% | $77.9 |
| Q3 2023 | 802,650 | +16,046 | +2.0% | $43.8M | 0.1% | $54.6 |
| Q2 2023 | 786,604 | 30,781 | -3.8% | $50.8M | 0.1% | $64.6 |
| Q1 2023 | 817,385 | 34,713 | -4.1% | $39.2M | 0.1% | $47.9 |
| Q4 2022 | 852,098 | +327,824 | +62.5% | $29.6M | 0.1% | $34.7 |
| Q3 2022 | 524,274 | +11,422 | +2.2% | $14.1M | 0.0% | $26.9 |
| Q2 2022 | 512,852 | +457,950 | +834.1% | $16.0M | 0.0% | $31.2 |
| Q1 2022 | 54,902 | +35,901 | +188.9% | $37.1M | 0.1% | $676.0 |
| Q4 2021 | 19,001 | +40 | +0.2% | $26.2M | 0.0% | $1377.4 |
| Q3 2021 | 18,961 | +1,064 | +5.9% | $25.7M | 0.0% | $1355.8 |
| Q2 2021 | 17,897 | — | — | $26.1M | 0.1% | $1461.0 |
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 POLEN CAPITAL MANAGEMENT LLC first disclose a SHOP position in 13F-HR filings?
POLEN CAPITAL MANAGEMENT LLC first reported SHOPIFY INC (SHOP) on its 13F-HR filing for the period ending 2021-06-30 (Q2 2021). The position has appeared on 20 reported quarters within Pactolio's tracked window.
What was POLEN CAPITAL MANAGEMENT LLC's most recent quarter-over-quarter share-count change in SHOP?
Between Q4 2025 and Q1 2026, POLEN CAPITAL MANAGEMENT LLC reduced its SHOP position by 895,132 shares (-12.4%), leaving 6,306,740 shares at a market value of $748.1M.
Does the implied price-per-share represent POLEN CAPITAL MANAGEMENT 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.