Shopify remains a top holding in Loomis Sayles Global Growth Fund despite a -23.68% one-month return and broader market lag.
Loomis Sayles Global Growth Fund reported a -13.09% return in Q1 2026, trailing the MSCI ACWI Index Net’s -3.20%. The fund attributed relative outperformance to stock selection in financials and IT sectors, maintaining a long-term focus on high-quality businesses trading below intrinsic value.
Shopify Inc. (NASDAQ:SHOP) closed at $101.01 on May 19, 2026, with a -23.68% one-month return and a -1.58% decline over the past 52 weeks. The company holds a $131 billion market capitalization and remains a key holding in the fund’s portfolio.
The fund emphasized Shopify’s role as a leading provider of commerce infrastructure, reinforcing its commitment to the stock despite recent underperformance.