Shopify (SHOP) Surged Following the Earnings Release

Core Insights - Sands Capital Global Growth Fund reported a -2.0% return in Q3 2025, underperforming the MSCI ACWI which returned 7.6% [1] - The fund focuses on identifying promising growth companies globally, with a notable mention of Shopify Inc. as a key holding [1] Company Performance - Shopify Inc. (NASDAQ:SHOP) experienced an 11.74% return over one month and a 48.71% increase over the last 52 weeks, closing at $163.14 per share with a market capitalization of $212.383 billion on December 16, 2025 [2] - The company reported a 32% year-over-year revenue increase in Q3 2025, driven by strong gross merchandise value growth of 31% year-over-year [4] Market Position and Trends - Shopify's growth is attributed to strong merchant additions, growth in Europe, and a resilient online retail environment, indicating its ability to outpace global ecommerce growth [3] - Despite its potential, Shopify is not among the 30 most popular stocks among hedge funds, with 91 hedge fund portfolios holding its shares at the end of Q3 2025, up from 69 in the previous quarter [4]