Henry Ellenbogen's Durable Capital Partners significantly increased its position in e-commerce giant Shopify, boosting its share count by over 140%. According to quarterly disclosures, the firm's holding grew from 971,810 to 2.34 million shares. This disclosure, filed on August 14, 2026, reflects trading activity that occurred during the second quarter, which ended June 30.
During that period, Shopify reported strong financial results, with Q2 revenue climbing 34% year-over-year to $3.6 billion and gross merchandise volume rising 32% to $116 billion. The company attributed significant momentum to its AI initiatives, noting that AI-driven traffic and orders to its merchants' stores had tripled. Durable Capital is known for its long-term, concentrated investments in what it identifies as durable growth companies.