SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

MERCER GLOBAL ADVISORS INC /ADV's Holding History (CIK: 0000853758)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 68,078 Value ($000) $10,959 Avg Close $160.56 Range $136.18 - $182.19

Q3 2025

Shares 56,230 Value ($000) $8,356 Avg Close $135.57 Range $111.33 - $159.01

Q2 2025

Shares 95,987 Value ($000) $11,072 Avg Close $100.02 Range $69.84 - $117.36

Q1 2025

Shares 55,251 Value ($000) $5,274 Avg Close $108.97 Range $89.10 - $129.38

Q4 2024

Shares 49,442 Value ($000) $5,257 Avg Close $97.26 Range $77.12 - $120.72

Q3 2024

Shares 48,070 Value ($000) $3,781 Avg Close $69.07 Range $48.56 - $81.15

Q2 2024

Shares 57,783 Value ($000) $3,817 Avg Close $66.33 Range $56.31 - $79.29

Q1 2024

Shares 54,152 Value ($000) $4 Avg Close $79.00 Range $70.61 - $91.57

Q4 2023

Shares 44,199 Value ($000) $3 Avg Close $63.86 Range $45.50 - $79.99

Q3 2023

Shares 43,139 Value ($000) $2 Avg Close $60.59 Range $50.59 - $71.43

Q2 2023

Shares 41,140 Value ($000) $3 Avg Close $56.53 Range $43.50 - $67.36

Q1 2023

Shares 39,084 Value ($000) $2 Avg Close $44.00 Range $34.65 - $54.66

Q4 2022

Shares 34,691 Value ($000) $1 Avg Close $34.15 Range $23.63 - $45.06

Q3 2022

Shares 33,221 Value ($000) $895 Avg Close $34.02 Range $26.38 - $45.43

Q2 2022

Shares 34,445 Value ($000) $1,076 Avg Close $42.70 Range $29.76 - $74.13

Q1 2022

Shares 3,737 Value ($000) $2,526 Avg Close $82.11 Range $51.00 - $139.37

Q4 2021

Shares 3,756 Value ($000) $5,174 Avg Close $146.12 Range $127.19 - $176.29

Q3 2021

Shares 3,215 Value ($000) $4,358 Avg Close $149.84 Range $134.11 - $165.00

Q2 2021

Shares 3,261 Value ($000) $4,764 Avg Close $123.22 Range $102.51 - $155.22

Q1 2021

Shares 3,262 Value ($000) $3,609 Avg Close $120.82 Range $100.51 - $149.97

Q4 2020

Shares 2,696 Value ($000) $3,052 Avg Close $104.97 Range $87.50 - $128.52

Q3 2020

Shares 2,381 Value ($000) $2,436 Avg Close $99.42 Range $83.94 - $114.69

Q2 2020

Shares 2,041 Value ($000) $1,937 Avg Close $69.41 Range $33.45 - $95.88

Q1 2020

Shares 1,777 Value ($000) $741 Avg Close $45.08 Range $30.53 - $59.39

Q4 2019

Shares 977 Value ($000) $388 Avg Close $33.82 Range $28.21 - $41.66

Q3 2019

Shares 828 Value ($000) $258 Avg Close $34.24 Range $28.61 - $40.96

Q2 2019

Shares 1,200 Value ($000) $360 Avg Close $26.03 Range $19.04 - $33.89

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	68,078	$10,959	$160.56	$136.18 - $182.19
Q3 2025	56,230	$8,356	$135.57	$111.33 - $159.01
Q2 2025	95,987	$11,072	$100.02	$69.84 - $117.36
Q1 2025	55,251	$5,274	$108.97	$89.10 - $129.38
Q4 2024	49,442	$5,257	$97.26	$77.12 - $120.72
Q3 2024	48,070	$3,781	$69.07	$48.56 - $81.15
Q2 2024	57,783	$3,817	$66.33	$56.31 - $79.29
Q1 2024	54,152	$4	$79.00	$70.61 - $91.57
Q4 2023	44,199	$3	$63.86	$45.50 - $79.99
Q3 2023	43,139	$2	$60.59	$50.59 - $71.43
Q2 2023	41,140	$3	$56.53	$43.50 - $67.36
Q1 2023	39,084	$2	$44.00	$34.65 - $54.66
Q4 2022	34,691	$1	$34.15	$23.63 - $45.06
Q3 2022	33,221	$895	$34.02	$26.38 - $45.43
Q2 2022	34,445	$1,076	$42.70	$29.76 - $74.13
Q1 2022	3,737	$2,526	$82.11	$51.00 - $139.37
Q4 2021	3,756	$5,174	$146.12	$127.19 - $176.29
Q3 2021	3,215	$4,358	$149.84	$134.11 - $165.00
Q2 2021	3,261	$4,764	$123.22	$102.51 - $155.22
Q1 2021	3,262	$3,609	$120.82	$100.51 - $149.97
Q4 2020	2,696	$3,052	$104.97	$87.50 - $128.52
Q3 2020	2,381	$2,436	$99.42	$83.94 - $114.69
Q2 2020	2,041	$1,937	$69.41	$33.45 - $95.88
Q1 2020	1,777	$741	$45.08	$30.53 - $59.39
Q4 2019	977	$388	$33.82	$28.21 - $41.66
Q3 2019	828	$258	$34.24	$28.61 - $40.96
Q2 2019	1,200	$360	$26.03	$19.04 - $33.89