Baillie Gifford Amends Shopify Class A Share Holdings

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

From the Filing

0001088875-24-000029.txt : 20240126 0001088875-24-000029.hdr.sgml : 20240126 20240126104528 ACCESSION NUMBER: 0001088875-24-000029 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240126 DATE AS OF CHANGE: 20240126 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SHOPIFY INC. CENTRAL INDEX KEY: 0001594805 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 000000000 STATE OF INCORPORATION: Z4 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-88870 FILM NUMBER: 24564953 BUSINESS ADDRESS: STREET 1: 151 O'CONNOR STREET STREET 2: GROUND FLOOR CITY: OTTAWA STATE: A6 ZIP: K2P 2L8 BUSINESS PHONE: 613-241-2828 MAIL ADDRESS: STREET 1: 151 O'CONNOR STREET STREET 2: GROUND FLOOR CITY: OTTAWA STATE: A6 ZIP: K2P 2L8 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BAILLIE GIFFORD & CO CENTRAL INDEX KEY: 0001088875 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: X0 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: CALTON SQUARE STREET 2: 1 GREENSIDE ROW CITY: EDINBURGH STATE: X0 ZIP: EH13AN BUSINESS PHONE: 00441312752000 MAIL ADDRESS: STREET 1: CALTON SQUARE STREET 2: 1 GREENSIDE ROW CITY: EDINBURGH STATE: X0 ZIP: EH13AN SC 13G/A 1 shopify29122023.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 SHOPIFY INC. (Amendment No.5) ----------------------------------------------------------------------- (Name of Issuer) CLASS A SHARES ----------------------------------------------------------------------- (Title of Class of Securities) 82509L107 ----------------------------------------------------------------------- (CUSIP Number) 29 December 2023 ----------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1745 (3-06) CUSIP No. 82509L107 _______________________________________________________________________ 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Baillie Gifford & Co (Scottish partnership) _______________________________________________________________________ 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a).................................................................... (b).................................................................... _______________________________________________________________________ 3. SEC Use Only _______________________________________________________________________ 4. Citizenship or Place of Organization SCOTLAND UK _______________________________________________________________________ Number of 5. Sole Voting Power 47,758,636 Shares Bene ______________________________________________________ ficially by 6. Shared Voting Power 0 Owned by Each ______________________________________________________ Reporting 7. Sole Dispositive Power 64,164,758 Person With: ______________________________________________________ 8. Shared Dispositive P