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13G Filing: Coatue Management and Shopify Inc (US) (SHOP)

Published on November 4, 2017 at 2:31 pm by Insider Monkey Staff in Hedge Funds

Shopify Inc (US) (NYSE:SHOP): Philippe Laffont’s Coatue Management filed an amended 13D.

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You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Coatue Management 0 7,006,613 0 7,006,613 7,006,613 8.2%
Coatue Offshore Master Fund 0 6,449,489 0 6,449,489 6,449,489 7.5%
Philippe Laffont 0 7,006,613 0 7,006,613 7,006,613 8.2%

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Page 1 of 11 – SEC Filing

UNITED
STATES

SECURITIES
AND EXCHANGE COMMISSION

WASHINGTON,
DC 20549

SCHEDULE
13G

Under the Securities Exchange Act of 1934

(Amendment No. )*

Shopify Inc.
(Name of Issuer)
Class A Subordinate Voting Shares
(Title of Class of Securities)
82509L107
(CUSIP Number)
October 24, 2017
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate
the rule pursuant to which this Schedule is filed:

[_] Rule 13d-1(b)

[X] Rule 13d-1(c)

[_] Rule 13d-1(d)

__________

*The remainder of this cover page shall
be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any
subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder
of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of
1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions
of the Act (however, see the Notes).

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Page 2 of 11 – SEC Filing

CUSIP No 82509L107
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Coatue Management, L.L.C.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [_]
(b) [X]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5. SOLE VOTING POWER
0
6. SHARED VOTING POWER
7,006,613
7. SOLE DISPOSITIVE POWER
0
8. SHARED DISPOSITIVE POWER
7,006,613
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,006,613
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS)
[_]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.2%
12.

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

OO

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Page 3 of 11 – SEC Filing

CUSIP No 82509L107
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Coatue Offshore Master Fund LP
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [_]
(b) [X]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5. SOLE VOTING POWER
0
6. SHARED VOTING POWER
6,449,489
7. SOLE DISPOSITIVE POWER
0
8. SHARED DISPOSITIVE POWER
6,449,489
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,449,489
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS)
[_]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.5%
12.

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

PN

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Page 4 of 11 – SEC Filing

CUSIP No 82509L107
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Philippe Laffont
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [_]
(b) [X]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
France
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5. SOLE VOTING POWER
0
6. SHARED VOTING POWER
7,006,613
7. SOLE DISPOSITIVE POWER
0
8. SHARED DISPOSITIVE POWER
7,006,613
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,006,613
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS)
[_]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.2%
12.

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

IN/HC

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Page 5 of 11 – SEC Filing

CUSIP No 82509L107
Item 1. (a). Name of Issuer:
Shopify Inc.
(b). Address of issuer’s principal executive offices:

150 Elgin Street, 8th Floor

Ottawa, Ontario, Canada K2P 1L4
Item 2. (a). Name of person filing:

Coatue Management, L.L.C.

Coatue Offshore Master Fund LP

Philippe Laffont
(b). Address of principal business office, or if none, residence:

Coatue Management, L.L.C.

9 West 57th Street

New York, New York 10019

 

Coatue Offshore Master Fund LP

c/o Morgan Stanley Fund Services (Cayman) Ltd.

Cayman Corporate Centre

27 Hospital Road

George Town

Grand Cayman KY1-9008

Cayman Islands

 

Philippe Laffont

c/o Coatue Management, L.L.C.

9 West 57th Street
New York, New York 10019
(c). Citizenship:

Coatue Management, L.L.C. – Delaware limited liability company

Coatue Offshore Master Fund LP – Cayman Islands exempted limited
partnership

Philippe Laffont – France citizen
(d). Title of class of securities:
Class A Subordinate Voting Shares
(e). CUSIP No.:
82509L107

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Page 6 of 11 – SEC Filing

Item 3. If This Statement is filed pursuant to §§.240.13d-1(b) or 240.13d-2(b), or (c), check whether the person filing is a
(a) [_] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78c).
(b) [_] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) [_] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
(d) [_] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) [_] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f) [_] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g) [_] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G);
(h) [_] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.1813);
(i) [_] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j) [_] A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);
(k) [_] Group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:
Item 4. Ownership.
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:

Coatue Management, L.L.C.: 7,006,613

Coatue Offshore Master Fund LP: 6,449,489

Philippe Laffont: 7,006,613
(b) Percent of class:

Coatue Management, L.L.C.: 8.2%

Coatue Offshore Master Fund LP: 7.5%

Philippe Laffont: 8.2%

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Page 7 of 11 – SEC Filing

(c) Number of shares as to which Coatue Management, L.L.C. has:
(i) Sole power to vote or to direct the vote 0 ,
(ii) Shared power to vote or to direct the vote 7,006,613 ,
(iii) Sole power to dispose or to direct the disposition of 0 ,
(iv) Shared power to dispose or to direct the disposition of 7,006,613 .
Number of shares as to which Coatue Offshore Master Fund LP has:
(i) Sole power to vote or to direct the vote 0 ,
(ii) Shared power to vote or to direct the vote 6,449,489 ,
(iii) Sole power to dispose or to direct the disposition of 0 ,
(iv) Shared power to dispose or to direct the disposition of 6,449,489 .
Number of shares as to which Philippe Laffont has:
(i) Sole power to vote or to direct the vote 0 ,
(ii) Shared power to vote or to direct the vote 7,006,613 ,
(iii) Sole power to dispose or to direct the disposition of 0 ,
(iv) Shared power to dispose or to direct the disposition of 7,006,613 .

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Page 8 of 11 – SEC Filing

Instruction: For computations regarding securities which represent
a right to acquire an underlying security see §240.13d-3(d)(1).

Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ].
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.

If any other person is known to have the right to receive or the
power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should
be included in response to this item and, if such interest relates to more than five percent of the class, such person should be
identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries
of employee benefit plan, pension fund or endowment fund is not required.
All securities reported in this Schedule 13G are owned by advisory clients of Coatue Management, L.L.C. None of the advisory clients, with the exception of Coatue Offshore Master Fund LP, individually owns more than 5% of the outstanding shares of Class A Subordinate Voting Shares of the Issuer.
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

If a parent holding company or control person has filed this schedule,
pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification
of the relevant subsidiary. If a parent holding company or control person has filed this schedule pursuant to Rule 13d-1(c) or
Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
See Exhibit B attached hereto.
Item 8. Identification and Classification of Members of the Group.

If a group has filed this schedule pursuant
to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach
an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant
to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identity of each member of the group.
Not Applicable
Item 9. Notice of Dissolution of Group.

Notice of dissolution of a group may be furnished
as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported
on will be filed, if required, by members of the group, in their individual capacity. See Item 5.
Not Applicable
Item 10. Certification.

By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant
in any transaction having that purpose or effect, other than activities solely in connection with
a nomination under § 240.14a-11.

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Page 9 of 11 – SEC Filing

SIGNATURE

After reasonable inquiry and to the best
of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

November 3, 2017
Date
Coatue Management, L.L.C.*
By: /s/ Philippe Laffont
Name: Philippe Laffont
Title:  Authorized Signatory

 

 
Coatue Offshore Master Fund LP*
By: Coatue Capital, L.L.C., its general partner
By: /s/ Philippe Laffont
Name: Philippe Laffont
Title: Managing Member

PHILIPPE LAFFONT*
/s/ Philippe Laffont

*The Reporting Persons disclaim beneficial
ownership over the securities reported herein except to the extent of the Reporting Persons’ pecuniary interest therein.

The original statement shall be signed
by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of
a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of
the representative’s authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power
of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title
of each person who signs the statement shall be typed or printed beneath his signature.

Note. Schedules filed in paper format
shall include a signed original and five copies of the schedule, including all exhibits. See s.240.13d-7 for other parties for
whom copies are to be sent.

Attention. Intentional misstatements
or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).

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Page 10 of 11 – SEC Filing

Exhibit A

AGREEMENT

The undersigned
agree that this Schedule 13G dated November 3, 2017 relating to the Class A Subordinate Voting Shares of Shopify Inc. shall be
filed on behalf of the undersigned.

November 3, 2017
Date
Coatue Management, L.L.C.*
By: /s/ Philippe Laffont
Name: Philippe Laffont
Title:  Authorized Signatory

 

 
Coatue Offshore Master Fund LP*
By: Coatue Capital, L.L.C., its general partner
By: /s/ Philippe Laffont
Name: Philippe Laffont
Title: Managing Member

PHILIPPE LAFFONT*
/s/ Philippe Laffont

*The Reporting Persons disclaim beneficial
ownership over the securities reported herein except to the extent of the Reporting Persons’ pecuniary interest therein.

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Page 11 of 11 – SEC Filing

Exhibit B

Philippe Laffont has beneficial ownership by
virtue of his role as a control person of Coatue Management, L.L.C.

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