Baillie Gifford Amends Shopify Class A Share Holdings
Ticker: SHOP · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 1594805
| Field | Detail |
|---|---|
| Company | Shopify Inc. (SHOP) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, equity-holdings
Related Tickers: SHOP
TL;DR
**Baillie Gifford just updated its Shopify stake; watch for their next move.**
AI Summary
Baillie Gifford & Co, a prominent investment management firm, filed an SC 13G/A on January 26, 2024, indicating an amendment to their ownership of Shopify Inc. Class A Shares. This filing, Amendment No. 5, reports their holdings as of December 29, 2023. While the specific change in ownership percentage isn't detailed in the provided text, the amendment suggests a material shift in their investment, which matters to investors as it reflects a significant institutional investor's updated conviction (or lack thereof) in Shopify's future performance.
Why It Matters
This filing shows a major institutional investor, Baillie Gifford & Co, has updated its stake in Shopify, signaling their current view on the company's prospects.
Risk Assessment
Risk Level: low — This is a routine amendment filing by an institutional investor and does not inherently signal high risk, though the underlying change in ownership could be positive or negative.
Analyst Insight
Investors should monitor Baillie Gifford's future filings (like 13F) to understand the magnitude of their change in Shopify holdings and consider if it aligns with their own investment thesis.
Key Numbers
- 82509L107 — CUSIP Number (identifies Shopify's Class A Shares)
- 005-88870 — SEC File Number (identifies Shopify's registration with the SEC)
- Amendment No.5 — Filing Amendment Number (indicates this is the fifth amendment to Baillie Gifford's Schedule 13G for Shopify)
Key Players & Entities
- Baillie Gifford & Co (company) — the reporting person and institutional investor
- SHOPIFY INC. (company) — the issuer of the securities
- Class A Shares (other) — the specific class of securities held
- December 29, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- Baillie Gifford's next 13F filing will reveal the exact change in their Shopify Class A share count. (Baillie Gifford & Co) — high confidence, target: Q1 2024 (by May 15, 2024)
- Other institutional investors may adjust their Shopify holdings in response to market conditions or Baillie Gifford's reported changes. (Shopify Inc.) — medium confidence, target: Q1 2024
FAQ
Who filed this SC 13G/A amendment regarding Shopify Inc.?
The SC 13G/A amendment was filed by Baillie Gifford & Co, an investment management firm based in Edinburgh, X0, as per the 'FILED BY' section of the filing.
What type of securities are covered by this filing?
This filing covers 'CLASS A SHARES' of SHOPIFY INC., as explicitly stated under the 'Title of Class of Securities' section.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 29, 2023, as indicated in the filing.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Class A Shares of Shopify Inc. is 82509L107, as listed on the cover page and within the filing details.
What is the purpose of an SC 13G/A filing, specifically Rule 13d-1(b)?
An SC 13G/A is an amendment to a Schedule 13G, which is filed by institutional investors who acquire beneficial ownership of more than 5% of a company's stock for investment purposes, not to influence control. Rule 13d-1(b) specifically applies to qualified institutional investors like Baillie Gifford & Co.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding SHOPIFY INC. (SHOP).