SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

Advisors Asset Management, Inc.'s Holding History (CIK: 0001297376)

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

Q4 2025

Shares 346,289 Value ($000) $55,742 Avg Close $160.56 Range $136.18 - $182.19

Q3 2025

Shares 358,900 Value ($000) $53,336 Avg Close $135.57 Range $111.33 - $159.01

Q2 2025

Shares 360,915 Value ($000) $41,632 Avg Close $100.02 Range $69.84 - $117.36

Q1 2025

Shares 365,070 Value ($000) $34,857 Avg Close $108.97 Range $89.10 - $129.38

Q4 2024

Shares 357,537 Value ($000) $38,017 Avg Close $97.26 Range $77.12 - $120.72

Q3 2024

Shares 366,015 Value ($000) $29,332 Avg Close $69.07 Range $48.56 - $81.15

Q2 2024

Shares 373,428 Value ($000) $24,665 Avg Close $66.33 Range $56.31 - $79.29

Q1 2024

Shares 384,837 Value ($000) $29,698 Avg Close $79.00 Range $70.61 - $91.57

Q4 2023

Shares 399,003 Value ($000) $31,082 Avg Close $63.86 Range $45.50 - $79.99

Q3 2023

Shares 412,015 Value ($000) $22,484 Avg Close $60.59 Range $50.59 - $71.43

Q2 2023

Shares 420,554 Value ($000) $27,168 Avg Close $56.53 Range $43.50 - $67.36

Q1 2023

Shares 430,435 Value ($000) $20,635 Avg Close $44.00 Range $34.65 - $54.66

Q4 2022

Shares 445,054 Value ($000) $15,448 Avg Close $34.15 Range $23.63 - $45.06

Q3 2022

Shares 446,594 Value ($000) $12,031 Avg Close $34.02 Range $26.38 - $45.43

Q2 2022

Shares 404,381 Value ($000) $12,633 Avg Close $42.70 Range $29.76 - $74.13

Q1 2022

Shares 36,371 Value ($000) $24,585 Avg Close $82.11 Range $51.00 - $139.37

Q4 2021

Shares 31,426 Value ($000) $43,286 Avg Close $146.12 Range $127.19 - $176.29

Q3 2021

Shares 27,389 Value ($000) $37,133 Avg Close $149.84 Range $134.11 - $165.00

Q2 2021

Shares 20,510 Value ($000) $29,965 Avg Close $123.22 Range $102.51 - $155.22

Q1 2021

Shares 13,277 Value ($000) $14,691 Avg Close $120.82 Range $100.51 - $149.97

Q4 2020

Shares 7,753 Value ($000) $8,776 Avg Close $104.97 Range $87.50 - $128.52

Q3 2020

Shares 2,808 Value ($000) $2,872 Avg Close $99.42 Range $83.94 - $114.69

Q2 2020

Shares 1,055 Value ($000) $1,001 Avg Close $69.41 Range $33.45 - $95.88

Q1 2020

Shares 785 Value ($000) $327 Avg Close $45.08 Range $30.53 - $59.39

Q4 2019

Shares 451 Value ($000) $179 Avg Close $33.82 Range $28.21 - $41.66

Q3 2019

Shares 188 Value ($000) $59 Avg Close $34.24 Range $28.61 - $40.96

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	346,289	$55,742	$160.56	$136.18 - $182.19
Q3 2025	358,900	$53,336	$135.57	$111.33 - $159.01
Q2 2025	360,915	$41,632	$100.02	$69.84 - $117.36
Q1 2025	365,070	$34,857	$108.97	$89.10 - $129.38
Q4 2024	357,537	$38,017	$97.26	$77.12 - $120.72
Q3 2024	366,015	$29,332	$69.07	$48.56 - $81.15
Q2 2024	373,428	$24,665	$66.33	$56.31 - $79.29
Q1 2024	384,837	$29,698	$79.00	$70.61 - $91.57
Q4 2023	399,003	$31,082	$63.86	$45.50 - $79.99
Q3 2023	412,015	$22,484	$60.59	$50.59 - $71.43
Q2 2023	420,554	$27,168	$56.53	$43.50 - $67.36
Q1 2023	430,435	$20,635	$44.00	$34.65 - $54.66
Q4 2022	445,054	$15,448	$34.15	$23.63 - $45.06
Q3 2022	446,594	$12,031	$34.02	$26.38 - $45.43
Q2 2022	404,381	$12,633	$42.70	$29.76 - $74.13
Q1 2022	36,371	$24,585	$82.11	$51.00 - $139.37
Q4 2021	31,426	$43,286	$146.12	$127.19 - $176.29
Q3 2021	27,389	$37,133	$149.84	$134.11 - $165.00
Q2 2021	20,510	$29,965	$123.22	$102.51 - $155.22
Q1 2021	13,277	$14,691	$120.82	$100.51 - $149.97
Q4 2020	7,753	$8,776	$104.97	$87.50 - $128.52
Q3 2020	2,808	$2,872	$99.42	$83.94 - $114.69
Q2 2020	1,055	$1,001	$69.41	$33.45 - $95.88
Q1 2020	785	$327	$45.08	$30.53 - $59.39
Q4 2019	451	$179	$33.82	$28.21 - $41.66
Q3 2019	188	$59	$34.24	$28.61 - $40.96