Vault-13

SPOTIFY USA INC SPOT 0 03.15.26

NOTE 3/1 · US DOMESTIC · CUSIP 84921RAB6

0 institutional holders -1 vs Q1 2026
—reported value*
0 new 0 added 0 reduced 1 sold out net sold ≈ $56.1m

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 72Q4 22: 68Q1 23: 73Q2 23: 75Q3 23: 78Q4 23: 75Q1 24: 83Q2 24: 71Q3 24: 75Q4 24: 75Q1 25: 81Q2 25: 90Q3 25: 77Q4 25: 76Q1 26: 1Q2 26: 00Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202272
Q4 202268
Q1 202373
Q2 202375
Q3 202378
Q4 202375
Q1 202483
Q2 202471
Q3 202475
Q4 202475
Q1 202581
Q2 202590
Q3 202577
Q4 202576
Q1 20261
Q2 20260

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q3 24: 38 bought or addedQ3 24: 22 cut or sold outQ4 24: 30 bought or addedQ4 24: 33 cut or sold outQ4 24Q1 25: 36 bought or addedQ1 25: 35 cut or sold outQ2 25: 41 bought or addedQ2 25: 33 cut or sold outQ2 25Q3 25: 34 bought or addedQ3 25: 52 cut or sold outQ4 25: 33 bought or addedQ4 25: 26 cut or sold outQ4 25Q1 26: 0 bought or addedQ1 26: 72 cut or sold outQ2 26: 0 bought or addedQ2 26: 1 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20243822
Q4 20243033
Q1 20253635
Q2 20254133
Q3 20253452
Q4 20253326
Q1 2026072
Q2 202601

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$1m$2m$3mQ3 25 calls: $2.9mQ3 25 puts: $2.7mQ3 25P/C 0.93Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —Q1 26 calls: $0Q1 26 puts: $0Q1 26P/C —Q2 26 calls: $0Q2 26 puts: $0Q2 26P/C —
Numbers
QuarterCallsPutsP/C
Q3 2025$2.9m$2.7m0.93
Q4 2025$0$0—
Q1 2026$0$0—
Q2 2026$0$0—

Biggest buyers

None

Biggest sellers

ZAZOVE ASSOCIATES LLC Sold out -49,276,000-49.3m

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change