My Portfolio / Every company I’ve owned /

$SHOP · Shopify

My position from Mar 2016 to Oct 2024 · 4 buys and 8 sells · sold out · E-commerce

What the pick did

30×

The stock in pounds, while I held it; 28× in dollars

S&P 500, same time3.6×

What my money did

7.7×

Pounds back (sold, still held and dividends) for every pound in, after costs

Sold · all of the money in7.7×

S&P 500, same buys and sells1.4×

Every decision

2 October 2024Sold
Shopify Capital is a concern in a recessionary economy. $5B in loans extended currently. Shopify sells discretionary products magnifying the risk
8 December 2023Sold
Fairly expensive, no real USP now they've exited logistics, I'm going to reduce my position from 5.3% allocation to 3% allocation
5 May 2023Sold
No note
16 February 2022Bought
No note
24 November 2021Sold
Tidying portfolio and building cash position for dividend portfolio. Too overexposed at current valuation
8 July 2020Sold
Still a believer, but need to derisk at 25% allocation
28 April 2020Sold
No note
14 August 2019Sold
Love the stock, but too heavyweight in portfolio. Reducing from 25% to 16%
8 December 2016Bought
No note
1 November 2016Sold
No note
21 July 2016Bought
No note
21 March 2016Bought
No note

On the podcast and in writing

ArticleIs Zoom doomed and are they shutting up shop at Shopify?”

In percentages and multiples, as one portfolio. Past performance is not a guide to future returns. Nothing here is financial advice, and I may buy or sell at any time.