18:03:40 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Shopify Inc
Symbol SHOP
Shares Issued 1,204,556,808
Close 2023-10-03 C$ 70.44
Market Cap C$ 84,848,981,556
Recent Sedar Documents

Globe says Fidelity Canada gobbles up Shopify shares

2023-10-04 08:32 ET - In the News

The Globe and Mail reports in its Wednesday edition that mutual fund giant Fidelity Investments Canada made a decisive push into domestic technology stocks during its most recent fiscal year, betting big across several funds on three companies in particular, including Shopify. The Globe's Sean Silcoff writes that the investment firm's annual report for the year ended June 30, published last week, showed that 17 of its funds managed by the Canadian affiliate of Boston-based FMR LLC (Fidelity Management and Research) increased their stockholdings in Shopify -- some dramatically -- compared with the end of the previous year. For example, Fidelity Investment Canada's Canadian Growth Company Fund had 5.4 million shares at the end of the fiscal year, up from zero the year before. Its Special Situations Fund, Canadian Fundamental Equity Multi Asset Based Fund and Canadian Balanced Fund added a combined 3.4 million shares of the Ottawa e-commerce software giant, up from none the year before. Across all funds, Fidelity Investments Canada held 14.23 million Shopify shares, valued at $783.3-million, on June 30, compared with just 1.4 million shares worth $57-million a year earlier.

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