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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	37,745,557	$4,353,950,000	3.25%
2.	Jennison Associates Llc	11,519,610	$1,328,787,048	0.79%
3.	Bank Of Montreal N	11,334,086	$1,308,075,776	0.61%
4.	Geode Capital Management, Llc	10,731,795	$1,247,006,683	0.09%
5.	Td Asset Management Inc	8,409,674	$968,064,535	0.83%