5 Technology Stock Picks of John Kim’s Night Owl Capital

3. Shopify Inc. (NYSE:SHOP)

Night Owl Capital’s Stake Value: $42.99 million

Percentage of Night Owl Capital’s 13F Portfolio: 7.54%

Number of Hedge Fund Holders: 73

Shopify Inc. (NYSE:SHOP) is an Ontario-based multinational company that offers an e-commerce platform to businesses of different sizes.

Among the hedge funds tracked by Insider Monkey, Connecticut-based Lone Pine Capital has the most significant stake in Shopify Inc. (NYSE:SHOP) with 1.43 million shares worth $1.93 billion, making up 6.53% of the portfolio.

ClearBridge Investments mentioned Shopify Inc. (NYSE:SHOP) in its second-quarter 2021 investor letter. Here is what it said:

“Shopify (is one of the) companies that have become go-to platforms for small and medium size businesses (SMBs) engaged in e-commerce and social media marketing, rebounded strongly in the quarter after being caught in the selloff among high-multiple growth names since Vaccine Monday. These and the portfolio’s other disruptors had thrived through the first part of the pandemic, leading us to trim positions into strength and reallocate cash into more attractively priced evolving opportunities and steady compounders that had been overly punished by lockdowns and a drop in economic activity.”