LongSHOPSep 2026
Shopify Inc.
Polen remains optimistic about Shopify even after reducing the holding following strong share-price performance. It sees agentic commerce as a potential growth tailwind for the…
SHOP
Which hedge funds are long SHOP?
8 published ideas on Shopify Inc. across 8 funds — 8 long and 0 short.
Shopify hedge fund investment theses
Each stock pitch below comes from a fund manager's own investor letter, not a 13F filing, so it carries the reasoning behind the portfolio position on Shopify: the full investment thesis, the risks the manager flagged, the conviction level and the time horizon. Positions may have changed since the letter was written.
Funds with a position view
Long theses
LongSHOPAug 2026
Shopify Inc.
Shopify provides a global commerce platform that allows merchants to manage their businesses across multiple channels. Recent results exceeded expectations, with gross…
LongSHOPAug 2026
Shopify Inc.
Shopify's operating momentum remained strong, with revenue up 34%, GMV up 35%, B2B revenue up 80% and Shop Pay revenue up 59% in the reported quarter. Rowan Street believes AI…
LongSHOPJun 2026
Shopify
Shopify remains a leading commerce platform with strong merchant and enterprise growth opportunities. Investors focused on rising large language model costs tied to Sidekick and…
LongSHOPJun 2026
Shopify
Shopify grew first-quarter revenue 34 percent year over year, gross merchandise volume 35 percent, and payments penetration to 66 percent of volume. Investors focused on guidance…
LongSHOPJun 2026
Shopify
Shopify delivered 34 percent revenue growth, 35 percent gross-merchandise-volume growth, and 66 percent payments penetration in the first quarter. Investors focused instead on…
LongSHOPJun 2026
Shopify Inc.
Shopify is described as one of the fund's best positions because it provides a broad merchant ecosystem spanning marketplace, logistics, tax, customer relations, point of sale…
LongSHOPJun 2026
Shopify Inc.
The Fund believes concerns that AI-driven applications will weaken Shopify's position in e-commerce are misplaced and instead sees the company as an AI beneficiary. Shopify…