Summary by Moomoo AI
Baillie Gifford & Co, a UK-based investment management firm, has filed an amendment to its Schedule 13G with the SEC, indicating a significant ownership stake in Shopify Inc. As of September 30, 2024, Baillie Gifford & Co reported sole voting power over 47,083,549 shares and sole dispositive power over 63,366,308 shares of Shopify's common stock. This represents approximately 5.23% of the company's class of common stock. The filing, which is a routine disclosure for entities holding more than 5% of a company's stock, suggests that the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. The shares are managed on behalf of various investment advisory clients, including registered investment companies, employee benefit plans, pension funds, and other institutional clients.