Strategy Capital LLC: SHOPIFY INC (SHOP): Quarterly 13F Position History
As of Q1 2026, Strategy Capital LLC reported 1,649,987 shares of SHOPIFY INC (SHOP), worth $195.7M and representing 16.0% of its 13F equity book. Quarter-over-quarter share count change: + 14,412 (+0.9%) . The position first appeared in Q4 2018 and has been disclosed across 30 13F-HR filings in Pactolio's tracked window.
- 1,649,987Shares Held (Latest Filing)
- $195.7MReported Market Value (Latest Filing)
- 16.0%Portfolio Weight (% of 13F Equity Book)
- +14,412Quarter-over-Quarter Share Change
- -$67.6MQuarter-over-Quarter Value Change
- 3,167,252Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 30 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 1,649,987 | +14,412 | +0.9% | $195.7M | 16.0% | $118.6 |
| Q4 2025 | 1,635,575 | 189,668 | -10.4% | $263.3M | 19.4% | $161.0 |
| Q3 2025 | 1,825,243 | 4,674 | -0.3% | $271.2M | 17.9% | $148.6 |
| Q2 2025 | 1,829,917 | +109,431 | +6.4% | $211.1M | 14.2% | $115.3 |
| Q1 2025 | 1,720,486 | 114,705 | -6.3% | $164.3M | 15.7% | $95.5 |
| Q4 2024 | 1,835,191 | 66,680 | -3.5% | $195.1M | 15.9% | $106.3 |
| Q3 2024 | 1,901,871 | +239,814 | +14.4% | $152.4M | 14.7% | $80.1 |
| Q2 2024 | 1,662,057 | +10,648 | +0.6% | $109.8M | 10.8% | $66.0 |
| Q1 2024 | 1,651,409 | +33,550 | +2.1% | $127.4M | 12.9% | $77.2 |
| Q4 2023 | 1,617,859 | 109,597 | -6.3% | $126.0M | 13.7% | $77.9 |
| Q3 2023 | 1,727,456 | 205,488 | -10.6% | $94.3M | 13.2% | $54.6 |
| Q2 2023 | 1,932,944 | 455,349 | -19.1% | $124.9M | 17.3% | $64.6 |
| Q1 2023 | 2,388,293 | 778,959 | -24.6% | $114.5M | 18.3% | $47.9 |
| Q4 2022 | 3,167,252 | +67,006 | +2.2% | $109.9M | 22.5% | $34.7 |
| Q3 2022 | 3,100,246 | +306,286 | +11.0% | $83.5M | 14.3% | $26.9 |
| Q2 2022 | 2,793,960 | +2,579,087 | +1200.3% | $87.3M | 15.2% | $31.2 |
| Q1 2022 | 214,873 | +17,286 | +8.7% | $145.2M | 17.5% | $676.0 |
| Q4 2021 | 197,587 | +12,535 | +6.8% | $272.2M | 25.7% | $1377.4 |
| Q3 2021 | 185,052 | +6,074 | +3.4% | $250.9M | 23.8% | $1355.8 |
| Q2 2021 | 178,978 | +5,215 | +3.0% | $261.5M | 26.8% | $1461.0 |
| Q1 2021 | 173,763 | 2,462 | -1.4% | $192.3M | 26.1% | $1106.5 |
| Q4 2020 | 176,225 | 18,340 | -9.4% | $199.5M | 26.4% | $1132.0 |
| Q3 2020 | 194,565 | 16,761 | -7.9% | $199.0M | 28.4% | $1023.0 |
| Q2 2020 | 211,326 | 25,542 | -10.8% | $200.6M | 32.3% | $949.2 |
| Q1 2020 | 236,868 | 70,740 | -23.0% | $98.8M | 24.1% | $416.9 |
| Q4 2019 | 307,608 | +22,127 | +7.8% | $122.3M | 33.2% | $397.6 |
| Q3 2019 | 285,481 | +101,336 | +55.0% | $89.0M | 26.8% | $311.7 |
| Q2 2019 | 184,145 | +6,229 | +3.5% | $55.3M | 23.3% | $300.1 |
| Q1 2019 | 177,916 | +92,451 | +108.2% | $36.7M | 18.4% | $206.5 |
| Q4 2018 | 85,465 | — | — | $11.8M | 12.9% | $138.5 |
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 Strategy Capital LLC first disclose a SHOP position in 13F-HR filings?
Strategy Capital LLC first reported SHOPIFY INC (SHOP) on its 13F-HR filing for the period ending 2018-12-31 (Q4 2018). The position has appeared on 30 reported quarters within Pactolio's tracked window.
What was Strategy Capital LLC's most recent quarter-over-quarter share-count change in SHOP?
Between Q4 2025 and Q1 2026, Strategy Capital LLC added 14,412 shares of SHOP (+0.9%), bringing the total reported position to 1,649,987 shares at a market value of $195.7M.
Does the implied price-per-share represent Strategy Capital 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.