Frank Sands's SHOP Position Overview
Frank Sands (via Sands Capital Management, LLC) currently holds 9.51 M shares of Shopify Inc. (SHOP) worth $1.53 B, representing 4.65% of the portfolio. First purchased in 2017-Q1, this long-term strategic position has been held for 36 quarters.
Based on 13F filings, Frank Sands has maintained a strategic position in SHOP, demonstrating sustained confidence in this investment. Largest addition occurred in Q1 2022, adding 7.25 M shares. Largest reduction occurred in Q2 2019, reducing 10.31 M shares.
Analysis based on 13F filings available since 2013 Q2
Frank Sands's Shopify (SHOP) Holding Value Over Time
Track share changes against reported price movement
Quarterly Shopify (SHOP) Trades by Frank Sands
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +2.57 M | Add 37.03% | 9.51 M | $160.97 |
| Q3 2025 | -555,344 | Reduce 7.41% | 6.94 M | $148.61 |
| Q2 2025 | -4.65 M | Reduce 38.31% | 7.49 M | $115.35 |
| Q1 2025 | -1.63 M | Reduce 11.85% | 12.15 M | $95.48 |
| Q4 2024 | -1.39 M | Reduce 9.18% | 13.78 M | $106.33 |
| Q3 2024 | +435,423 | Add 2.95% | 15.17 M | $80.14 |
| Q2 2024 | +1.5 M | Add 11.31% | 14.74 M | $66.05 |
| Q1 2024 | -1.57 M | Reduce 10.58% | 13.24 M | $77.17 |
| Q4 2023 | -950,764 | Reduce 6.03% | 14.81 M | $77.90 |
| Q3 2023 | -597,189 | Reduce 3.65% | 15.76 M | $54.57 |
| Q2 2023 | -7.29 M | Reduce 30.85% | 16.35 M | $64.60 |
| Q1 2023 | -1.15 M | Reduce 4.65% | 23.65 M | $47.94 |
| Q4 2022 | +2.22 M | Add 9.84% | 24.8 M | $0.03 |
| Q3 2022 | -980,495 | Reduce 4.16% | 22.58 M | $26.94 |
| Q2 2022 | +2.28 M | Add 10.74% | 23.56 M | $31.24 |
| Q1 2022 | +7.25 M | Add 51.67% | 21.28 M | $67.60 |
| Q4 2021 | +554,850 | Add 4.12% | 14.03 M | $137.74 |
| Q3 2021 | +200,760 | Add 1.51% | 13.47 M | $135.58 |
| Q2 2021 | +489,330 | Add 3.83% | 13.27 M | $146.10 |
| Q1 2021 | +3.92 M | Add 44.30% | 12.78 M | $110.65 |
| Q4 2020 | -86,830 | Reduce 0.97% | 8.86 M | $113.19 |
| Q3 2020 | -479,620 | Reduce 5.09% | 8.95 M | $102.30 |
| Q2 2020 | -3.15 M | Reduce 25.03% | 9.43 M | $94.92 |
| Q1 2020 | -3.1 M | Reduce 19.78% | 12.57 M | $41.69 |
| Q4 2019 | -584,110 | Reduce 3.59% | 15.67 M | $39.76 |
| Q3 2019 | -290,190 | Reduce 1.75% | 16.26 M | $31.17 |
| Q2 2019 | -10.31 M | Reduce 38.38% | 16.55 M | $30.02 |
| Q1 2019 | -168,650 | Reduce 0.62% | 26.86 M | $20.66 |
| Q4 2018 | -933,700 | Reduce 3.34% | 27.03 M | $13.85 |
| Q3 2018 | -1.46 M | Reduce 4.96% | 27.96 M | $16.45 |
| Q2 2018 | -4.23 M | Reduce 12.57% | 29.42 M | $14.59 |
| Q1 2018 | -2.14 M | Reduce 5.98% | 33.65 M | $12.46 |
| Q4 2017 | -704,900 | Reduce 1.93% | 35.79 M | $10.10 |
| Q3 2017 | -1.76 M | Reduce 4.60% | 36.49 M | $11.65 |
| Q2 2017 | -201,040 | Reduce 0.52% | 38.26 M | $8.69 |
| Q1 2017 | +38.46 M | New Buy | 38.46 M | $6.81 |
Frank Sands's Shopify Investment FAQs
Frank Sands first purchased Shopify Inc. (SHOP) in Q1 2017, acquiring 38,456,330 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Frank Sands has held Shopify Inc. (SHOP) for 36 quarters since Q1 2017.
Frank Sands's largest addition to Shopify Inc. (SHOP) was in Q1 2017, adding 38,456,330 shares worth $261.85 M.
According to the latest 13F filing for Q4 2025, Frank Sands's firm, Sands Capital Management, LLC, owns 9,506,036 shares of Shopify Inc. (SHOP), valued at approximately $1.53 B.
As of the Q4 2025 filing, Shopify Inc. (SHOP) represents approximately 4.65% of Frank Sands's publicly disclosed stock portfolio, making it one of their key holdings.
Frank Sands's peak holding in Shopify Inc. (SHOP) was 38,456,330 shares, as reported at the end of Q1 2017.