SHOPIFY INC

Institution	Shares	Value ($000)
Manchester Global Management (UK) Ltd	152,956	$24,621
MORGENS WATERFALL VINTIADIS & CO INC	30,000	$4,829
Benchstone Capital Management LP	158,023	$25,437
Katamaran Capital LLP	21,111	$3,398
WCM INVESTMENT MANAGEMENT, LLC	6,700,679	$1,097,169
Alta Park Capital, LP	125,412	$20,188
SUSQUEHANNA ADVISORS GROUP, INC.	738,300	$118,844
SurgoCap Partners LP	348,131	$56,039
Altimeter Capital Management, LP	570,210	$91,787
SORA INVESTORS LLC	95,082	$15,305
Broadleaf Partners, LLC	39,905	$6,424
Aubrey Capital Management Ltd	20,000	$3,219
Altshuler Shaham Ltd	377,648	$60,790
Palidye Holdings (Caymans) Ltd	25,128	$4,045
Sciencast Management LP	36,308	$5,844
Night Squared LP	15,411	$2,481
Quadrature Capital Ltd	357,700	$57,670
Element Squared LLC	6,931	$1,116
Runnymede Capital Advisors, Inc.	5,819	$937
Nishkama Capital, LLC	74,808	$12,042

Increased Positions (570)

ICONIQ Capital, LLC

Value ($000) $395,351 (+59.5%) Shares 2,456,052 (+47.3%)

Cumberland Partners Ltd

Value ($000) $43,850 (+1940.2%) Shares 272,184 (+1781.0%)

SANDS CAPITAL MANAGEMENT, LLC

Value ($000) $1,530,187 (+48.4%) Shares 9,506,036 (+37.0%)

HWG Holdings LP

Value ($000) $11,331 (+278.5%) Shares 70,395 (+249.5%)

Ninepoint Partners LP

Value ($000) $17,480 (+177.3%) Shares 108,591 (+156.0%)

Triasima Portfolio Management inc.

Value ($000) $29,398 (+20.4%) Shares 182,338 (+11.0%)

STEADFAST CAPITAL MANAGEMENT LP

Value ($000) $173,148 (+22.9%) Shares 1,075,656 (+13.4%)

Atika Capital Management LLC

Value ($000) $19,960 (+71.1%) Shares 124,000 (+58.0%)

MUFG Securities EMEA plc

Value ($000) $132,061 (+53.3%) Shares 820,000 (+41.4%)

Left Brain Wealth Management, LLC

Value ($000) $4,594 (+199.2%) Shares 28,541 (+176.3%)

Stony Point Capital LLC

Value ($000) $87,136 (+11.1%) Shares 541,316 (+2.5%)

CIBC WORLD MARKET INC.

Value ($000) $1,405,578 (+28.1%) Shares 8,731,927 (+18.2%)

PICTON MAHONEY ASSET MANAGEMENT

Value ($000) $311,669 (+121114.4%) Shares 1,932,932 (+11.7%)

Financial Avengers, Inc.

Value ($000) $7,623 (+13.7%) Shares 47,359 (+5.0%)

Parkwood LLC

Value ($000) $27 (+53.0%) Shares 168,187 (+41.3%)

Castle Hook Partners LP

Value ($000) $318,662 (+74.1%) Shares 1,979,636 (+60.8%)

1832 Asset Management L.P.

Value ($000) $1,257,726 (+146.0%) Shares 7,813,418 (+127.1%)

Ravenswood Partners LP

Value ($000) $11,972 (+10.3%) Shares 74,371 (+1.8%)

ITHAKA GROUP LLC

Value ($000) $20,558 (+10.3%) Shares 127,716 (+1.9%)

MACKENZIE FINANCIAL CORP

Value ($000) $1,627,352 (+20.0%) Shares 9,961,097 (+9.1%)

Institution	Prev Shares	Curr Shares	Change
ICONIQ Capital, LLC	1,667,602	2,456,052	+788,450 (+47.3%)
Cumberland Partners Ltd	14,470	272,184	+257,714 (+1781.0%)
SANDS CAPITAL MANAGEMENT, LLC	6,937,271	9,506,036	+2,568,765 (+37.0%)
HWG Holdings LP	20,143	70,395	+50,252 (+249.5%)
Ninepoint Partners LP	42,412	108,591	+66,179 (+156.0%)
Triasima Portfolio Management inc.	164,310	182,338	+18,028 (+11.0%)
STEADFAST CAPITAL MANAGEMENT LP	948,324	1,075,656	+127,332 (+13.4%)
Atika Capital Management LLC	78,500	124,000	+45,500 (+58.0%)
MUFG Securities EMEA plc	580,000	820,000	+240,000 (+41.4%)
Left Brain Wealth Management, LLC	10,331	28,541	+18,210 (+176.3%)
Stony Point Capital LLC	527,872	541,316	+13,444 (+2.5%)
CIBC WORLD MARKET INC.	7,384,970	8,731,927	+1,346,957 (+18.2%)
PICTON MAHONEY ASSET MANAGEMENT	1,731,048	1,932,932	+201,884 (+11.7%)
Financial Avengers, Inc.	45,115	47,359	+2,244 (+5.0%)
Parkwood LLC	119,027	168,187	+49,160 (+41.3%)
Castle Hook Partners LP	1,231,484	1,979,636	+748,152 (+60.8%)
1832 Asset Management L.P.	3,440,108	7,813,418	+4,373,310 (+127.1%)
Ravenswood Partners LP	73,053	74,371	+1,318 (+1.8%)
ITHAKA GROUP LLC	125,364	127,716	+2,352 (+1.9%)
MACKENZIE FINANCIAL CORP	9,133,454	9,961,097	+827,643 (+9.1%)

Decreased Positions (576)

Ashe Capital Management, LP

Value ($000) $281,736 (-13.3%) Shares 1,750,240 (-19.9%)

Jessup Wealth Management, Inc

Value ($000) $1,328 (-84.4%) Shares 8,249 (-85.6%)

Durable Capital Partners LP

Value ($000) $328,897 (-51.3%) Shares 2,043,219 (-55.0%)

Marcho Partners LLP

Value ($000) $18,144 (-28.0%) Shares 112,717 (-33.5%)

Strategy Capital LLC

Value ($000) $263,279 (-2.9%) Shares 1,635,575 (-10.4%)

Gavilan Investment Partners LLC

Value ($000) $37,023 (-18.3%) Shares 230,000 (-24.6%)

Barton Investment Management

Value ($000) $264,059 (+5.5%) Shares 1,640,426 (-2.6%)

POLEN CAPITAL MANAGEMENT LLC

Value ($000) $1,159,285 (-29.5%) Shares 7,201,872 (-34.9%)

Steadview Capital Management LLC

Value ($000) $40,654 (-14.4%) Shares 252,554 (-21.0%)

EDGEWOOD MANAGEMENT LLC

Value ($000) $997,927 (-23.1%) Shares 6,199,459 (-29.0%)

NZS Capital, LLC

Value ($000) $61,060 (-34.9%) Shares 379,328 (-39.9%)

BROWN CAPITAL MANAGEMENT LLC

Value ($000) $39,937 (-29.1%) Shares 248,101 (-34.6%)

LOUISBOURG INVESTMENTS INC.

Value ($000) $10,782 (-28.4%) Shares 66,870 (-34.1%)

Nikko Asset Management Americas, Inc.

Value ($000) $529,841 (-10.1%) Shares 3,293,185 (-17.0%)

Nepsis Inc.

Value ($000) $15,948 (-12.0%) Shares 99,075 (-18.8%)

Exit Wealth Advisors, LLC.

Value ($000) $281 (-90.9%) Shares 1,744 (-91.6%)

Arthedge Capital Management, LLC

Value ($000) $23,598 (-0.8%) Shares 146,600 (-8.4%)

Accuvest Global Advisors

Value ($000) $501 (-84.3%) Shares 3,111 (-85.5%)

RIVERPARK CAPITAL MANAGEMENT LLC

Value ($000) $1,486 (-22.7%) Shares 9,237 (-28.6%)

ARK Investment Management LLC

Value ($000) $640,483 (-10.5%) Shares 3,978,898 (-17.4%)

Institution	Prev Shares	Curr Shares	Change
Ashe Capital Management, LP	2,185,712	1,750,240	-435,472 (-19.9%)
Jessup Wealth Management, Inc	57,253	8,249	-49,004 (-85.6%)
Durable Capital Partners LP	4,543,835	2,043,219	-2,500,616 (-55.0%)
Marcho Partners LLP	169,561	112,717	-56,844 (-33.5%)
Strategy Capital LLC	1,825,243	1,635,575	-189,668 (-10.4%)
Gavilan Investment Partners LLC	305,000	230,000	-75,000 (-24.6%)
Barton Investment Management	1,684,789	1,640,426	-44,363 (-2.6%)
POLEN CAPITAL MANAGEMENT LLC	11,060,906	7,201,872	-3,859,034 (-34.9%)
Steadview Capital Management LLC	319,664	252,554	-67,110 (-21.0%)
EDGEWOOD MANAGEMENT LLC	8,727,511	6,199,459	-2,528,052 (-29.0%)
NZS Capital, LLC	631,397	379,328	-252,069 (-39.9%)
BROWN CAPITAL MANAGEMENT LLC	379,136	248,101	-131,035 (-34.6%)
LOUISBOURG INVESTMENTS INC.	101,446	66,870	-34,576 (-34.1%)
Nikko Asset Management Americas, Inc.	3,968,593	3,293,185	-675,408 (-17.0%)
Nepsis Inc.	121,994	99,075	-22,919 (-18.8%)
Exit Wealth Advisors, LLC.	20,702	1,744	-18,958 (-91.6%)
Arthedge Capital Management, LLC	160,000	146,600	-13,400 (-8.4%)
Accuvest Global Advisors	21,471	3,111	-18,360 (-85.5%)
RIVERPARK CAPITAL MANAGEMENT LLC	12,941	9,237	-3,704 (-28.6%)
ARK Investment Management LLC	4,815,833	3,978,898	-836,935 (-17.4%)

Exited Positions (110)

Q Fund Management (Hong Kong) Ltd

Value ($000) $6,955 Shares 46,800

Ariose Capital Management Ltd

Value ($000) $12,957 Shares 87,200

Foxhaven Asset Management, LP

Value ($000) $156,313 Shares 1,051,834

SURIENCE PRIVATE WEALTH LLC

Value ($000) $4,204 Shares 28,287

JAT Capital Mgmt LP

Value ($000) $1,858 Shares 12,500

NWK Group, Inc.

Value ($000) $8,065 Shares 54,268

Gunderson Capital Management Inc.

Value ($000) $6,894 Shares 46,393

SOMA EQUITY PARTNERS LP

Value ($000) $45,432 Shares 305,710

Alight Capital Management LP

Value ($000) $7,431 Shares 50,000

WT Asset Management Ltd

Value ($000) $33,021 Shares 222,200

Whale Rock Capital Management LLC

Value ($000) $113,756 Shares 765,466

Bornite Capital Management LP

Value ($000) $14,861 Shares 100,000

Integrated Financial Solutions, Inc.

Value ($000) $1,490 Shares 10,025

Oribel Capital Management, LP

Value ($000) $19,661 Shares 132,300

MSA Advisors, LLC

Value ($000) $2,898 Shares 19,500

Nellore Capital Management LLC

Value ($000) $6,181 Shares 41,590

VEGA INVESTMENT SOLUTIONS

Value ($000) $3,211 Shares 27,839

NINE MASTS CAPITAL Ltd

Value ($000) $1,635 Shares 11,000

Blue Capital, Inc.

Value ($000) $710 Shares 4,779

Axim Planning & Wealth

Value ($000) $619 Shares 4,165

Institution	Prev Shares	Prev Value ($000)
Q Fund Management (Hong Kong) Ltd	46,800	$6,955
Ariose Capital Management Ltd	87,200	$12,957
Foxhaven Asset Management, LP	1,051,834	$156,313
SURIENCE PRIVATE WEALTH LLC	28,287	$4,204
JAT Capital Mgmt LP	12,500	$1,858
NWK Group, Inc.	54,268	$8,065
Gunderson Capital Management Inc.	46,393	$6,894
SOMA EQUITY PARTNERS LP	305,710	$45,432
Alight Capital Management LP	50,000	$7,431
WT Asset Management Ltd	222,200	$33,021
Whale Rock Capital Management LLC	765,466	$113,756
Bornite Capital Management LP	100,000	$14,861
Integrated Financial Solutions, Inc.	10,025	$1,490
Oribel Capital Management, LP	132,300	$19,661
MSA Advisors, LLC	19,500	$2,898
Nellore Capital Management LLC	41,590	$6,181
VEGA INVESTMENT SOLUTIONS	27,839	$3,211
NINE MASTS CAPITAL Ltd	11,000	$1,635
Blue Capital, Inc.	4,779	$710
Axim Planning & Wealth	4,165	$619