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Shopify Inc. (SHOP)

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Institutional Investors' Holdings

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No.	Name	Shares	Value	% Port
1.	Baillie Gifford & Co	55,875,233	$5,334,967,247	4.66%
2.	Vanguard Group Inc	47,962,280	$4,563,106,426	0.08%
3.	Td Asset Management Inc	8,809,783	$838,190,237	0.77%
4.	Mackenzie Financial Corp	8,648,734	$822,744,552	1.17%
5.	Goldman Sachs Group Inc	8,107,063	$774,062,364	0.13%