Baron Funds’ “Baron Focused Growth Fund” Q3 2025 investor letter showed a 4.83% return, underperforming the Benchmark’s 10.73% gain due to economic growth concerns affecting Consumer Discretionary stocks. Shopify Inc. (NASDAQ: SHOP) had a one-month return of -3.30% and a 96.46% gain over 52 weeks, closing at $160.94 per share on November 4, 2025.

Baron Focused Growth Fund praised Shopify Inc. (NASDAQ: SHOP) for its 28.8% share increase, attributing 85 bps to performance. Shopify’s cloud-based commerce platform experienced 30% revenue growth in Q2 2025, showcasing market share gains and growth in various channels. The company’s innovative products and expansion strategies contribute to its strong competitive position.

Shopify Inc. (NASDAQ: SHOP) is not among the “30 Most Popular Stocks Among Hedge Funds,” with 69 hedge funds holding the stock at the end of Q2 2025. Shopify’s revenue in Q2 2025 reached $2.7 billion, up 31% year-over-year. While acknowledging Shopify’s potential, some hedge funds see greater upside in certain AI stocks and offer recommendations for undervalued AI investments.

Read more at Yahoo Finance: Does Shopify (SHOP) Have a Long Runway for Growth?