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Ray Dalio's Shopify Inc. (SHOP) position

Not anymore: Ray Dalio fully exited SHOP in Q3 2025. The position peaked at $7.8M in Q2 2023.
View full portfolio →
Value at exit
$859K
Shares at exit
7K
Est. average buy price (i)
$108.97
Quarter-end price
$115.35

Estimated trade prices

Average price in quarters with purchases
$52.06
Average prices in quarters with sales
  • Q2 2025: $100.04 (1K shares sold)
  • Q2 2023: $56.53 (21K shares sold)

SHOP price vs Dalio's position

1Y 3Y 5Y MAX
Dates
$20$50$100$150$20020222023202420252026Added 325 shares (17.4%) · Q3 2021. Average closing price $149.84 · Price range $134.66–$164.33325sharespurchasedAdded 525 shares (24.0%) · Q4 2021. Average closing price $146.12 · Price range $128.22–$169.06525sharespurchasedAdded 3K shares (124.4%) · Q1 2022. Average closing price $82.11 · Price range $51.26–$136.313KsharespurchasedNew position of 142K shares · Q1 2023. Average closing price $44.00 · Price range $35.68–$53.63142KsharespurchasedSold 21K shares (14.6%) · Q2 2023. Average closing price $56.53 · Price range $44.78–$66.1021KsharessoldNew position of 31K shares · Q2 2024. Average closing price $66.33 · Price range $56.97–$78.1931KsharespurchasedNew position of 9K shares · Q1 2025. Average closing price $108.97 · Price range $90.59–$129.319KsharespurchasedSold 1K shares (14.6%) · Q2 2025. Average closing price $100.04 · Price range $76.89–$115.351Ksharessold← Earlier —1 purchase
Average closing price · filing quarter
$100.04
Price range · filing quarter
$76.89 – $115.35
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Every quarterly change

Quarter Action Shares change Est. value change Δ Own Shares held Filing date
Q3 2025 Exited −7K −$1.0M −100.0% 0 Nov 13, 2025
Q2 2025 Reduced −1K −$127K −14.6% 7K Aug 13, 2025
Q1 2025 New +9K +$950K – 9K May 14, 2025
Q2 2024 New +31K +$2.0M – 31K Aug 14, 2024
Q2 2023 Reduced −21K −$1.2M −14.6% 121K Aug 11, 2023
Q1 2023 New +142K +$6.2M – 142K May 12, 2023
Q1 2022 Added +3K +$278K +124.4% 6K May 13, 2022
Q4 2021 Added +525 +$77K +24.0% 3K Feb 14, 2022
Q3 2021 Added +325 +$49K +17.4% 2K Nov 12, 2021
Q2 2021 Added +394 +$49K +26.8% 2K Aug 13, 2021
Q1 2021 First covered – – – 1K May 14, 2021
Data through Q3 2025 · filed Nov 13, 2025
11 grouped rows from 11 quarters

Who else owns SHOP

Capital International Investors
owns 3.9% of shares outstanding
Est. $5.8B · Shares: 50.1M

FMR LLC
owns 3.5% of shares outstanding
Est. $5.3B · Shares: 45.8M

Capital World Investors
owns 2.6% of shares outstanding
Est. $3.9B · Shares: 33.7M

Baillie Gifford & Co
owns 2.2% of shares outstanding
Est. $3.3B · Shares: 29.0M

See all owners of SHOP →

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$812M
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Alphabet Inc.(GOOGL)
$562M
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Broadcom Inc.(AVGO)
$568M
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Micron Technology, Inc.(MU)
$499M
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Microsoft Corporation(MSFT)
$402M
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Common questions

Does Ray Dalio own SHOP?

Not currently. Ray Dalio fully exited SHOP in Q3 2025, and the complete history is above. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

When did Ray Dalio buy SHOP?

Ray Dalio held SHOP since at least Q1 2021, when this filing coverage begins; the opening snapshot is not a disclosed purchase. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

Did Ray Dalio sell SHOP?

Yes. Ray Dalio reduced and then fully exited SHOP by Q3 2025; the reductions are in the table above. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

How many shares of SHOP does Ray Dalio own?

None as of the latest filing: Ray Dalio has exited SHOP. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

What price did Ray Dalio pay for SHOP?

Ray Dalio's estimated average buy price for SHOP is $108.97, from quarter-average prices weighted by the shares added each quarter. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

How are the estimated trade prices calculated?

13F filings disclose quarter-end holdings, not trade dates or execution prices. These estimates use each covered quarter's average market price; the add average excludes the opening position and quarters without price data. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.