Question 1

How many shares of SHOP does SANDS CAPITAL MANAGEMENT, LLC own?

Accepted Answer

As of 2026-Q2, SANDS CAPITAL MANAGEMENT, LLC holds 7.2M shares of SHOP (SHOPIFY INC - CLASS A).

Question 2

What is SANDS CAPITAL MANAGEMENT, LLC's SHOP position worth?

Accepted Answer

As of 2026-Q2, SANDS CAPITAL MANAGEMENT, LLC's SHOP position is worth $826.9M.

Question 3

Is SANDS CAPITAL MANAGEMENT, LLC buying or selling SHOP?

Accepted Answer

In 2026-Q2, SANDS CAPITAL MANAGEMENT, LLC decreased their SHOP position (-18.9% change in shares).

Question 4

When did SANDS CAPITAL MANAGEMENT, LLC first buy SHOP?

Accepted Answer

Based on available 13F filings, SANDS CAPITAL MANAGEMENT, LLC first reported a position in SHOP in 2024-Q3. They have held the position across 31 quarters.

Quarter	Action	Shares	Change	Value	Weight	Price	Conviction
2026-Q2 Latest	Decreased	7.2M	-18.9%	$826.9M	3.1%	$114.18	0
2026-Q1	Decreased	8.9M	-6.0%	$1.1B	4.2%	$121.87	0
2025-Q4	Increased	9.5M	+37.0%	$1.5B	4.7%	$163.74	77
2025-Q3	Decreased	6.9M	-7.4%	$1B	2.8%	$149.00	0
2025-Q2	Decreased	7.5M	-38.3%	$864.3M	2.5%	$113.65	0
2025-Q1	Decreased	12.1M	-11.8%	$1.2B	3.9%	$96.68	0
2024-Q4	Decreased	13.8M	-9.2%	$1.5B	4.3%	$106.69	0
2024-Q3	Increased	15.2M	+3.0%	$1.2B	3.7%	$79.21	60