Sumitomo Mitsui Trust Group, Inc., a registered investment adviser, initiated a new position in Shopify Inc. (NASDAQ:SHOP) during Q4 2025, according to its most recent 13F filing with the Securities and Exchange Commission.
The institutional investor purchased 3,533,102 shares of the Technology company, valued at approximately $568.7M as of the filing date.
Shopify Inc.'s stock currently trades at $135.20 with a market capitalization of $214.5B.