Vault-13

SPOTIFY TECHNOLOGY S A SPOT

SHS · Common Stock · CUSIP L8681T102

572 institutional holders +25 vs Q1 2023
111,253,394111.3m shares reported held*
$17.9bnreported value*
82 new 181 added 173 reduced 62 sold out net bought ≈ $419.8m (+2.7m shares)

* 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 ($16.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $160.48. Options: 36 managers hold calls ($684.1m notional), 32 hold puts ($987.3m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 495Q4 22: 479Q1 23: 547Q2 23: 572572Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022495
Q4 2022479
Q1 2023547
Q2 2023572

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 22: 215 bought or addedQ4 22: 230 cut or sold outQ4 22Q1 23: 262 bought or addedQ1 23: 214 cut or sold outQ1 23Q2 23: 263 bought or addedQ2 23: 235 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022215230
Q1 2023262214
Q2 2023263235

Calls vs puts

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

CallsPuts
$0$250m$500m$750m$1bnQ3 22 calls: $385.2mQ3 22 puts: $329.1mQ3 22P/C 0.85Q4 22 calls: $399.6mQ4 22 puts: $334.8mQ4 22P/C 0.84Q1 23 calls: $618.2mQ1 23 puts: $670.2mQ1 23P/C 1.08Q2 23 calls: $684.1mQ2 23 puts: $987.3mQ2 23P/C 1.44
Numbers
QuarterCallsPutsP/C
Q3 2022$385.2m$329.1m0.85
Q4 2022$399.6m$334.8m0.84
Q1 2023$618.2m$670.2m1.08
Q2 2023$684.1m$987.3m1.44

Biggest buyers

MASSACHUSETTS FINANCIAL SERVICES CO /MA/ New +3,175,771+3.2m
ACADIAN ASSET MANAGEMENT LLC Added +1,716,358+1.7m
Liontrust Investment Partners LLP New +998,914+998.9k
Squarepoint Ops LLC Added +523,497+523.5k
LORD, ABBETT & CO. LLC Added +469,512+469.5k
Point72 Asset Management, L.P. New +457,356+457.4k
BlackRock Inc. Added +447,468+447.5k
JACOBS LEVY EQUITY MANAGEMENT, INC Added +387,304+387.3k
Artisan Partners Limited Partnership New +381,123+381.1k
NORGES BANK Added +362,883+362.9k

Biggest sellers

PRICE T ROWE ASSOCIATES INC /MD/ Reduced -2,581,070-2.6m
BAILLIE GIFFORD & CO Reduced -2,317,627-2.3m
FIL Ltd Reduced -1,361,301-1.4m
CITADEL ADVISORS LLC Reduced -582,718-582.7k
FMR LLC Reduced -544,271-544.3k
ValueAct Holdings, L.P. Reduced -450,000-450.0k
MILLENNIUM MANAGEMENT LLC Reduced -448,696-448.7k
Alecta Tjanstepension Omsesidigt Reduced -400,000-400.0k
BANK OF NOVA SCOTIA Reduced -386,751-386.8k
SCOPUS ASSET MANAGEMENT, L.P. Sold out -375,000-375.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $157.2m979.2k shares
CITADEL ADVISORS LLC Reduced $82.4m513.4k shares
NIGHTVIEW CAPITAL, LLC Unchanged $57.2m356.1k shares
TREMBLANT CAPITAL GROUP New $56.1m349.2k shares
JANE STREET GROUP, LLC Added $45.9m285.6k shares
J. Goldman & Co LP Reduced $44.2m275.2k shares
Walleye Trading LLC Reduced $41.0m255.2k shares
CAPITAL FUND MANAGEMENT S.A. Added $35.4m220.6k shares
SIMPLEX TRADING, LLC Reduced $32.2m200.5k shares
WOLVERINE TRADING, LLC Added $29.9m187.5k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $265.7m1.7m shares
CITADEL ADVISORS LLC Reduced $115.7m720.8k shares
D. E. Shaw & Co., Inc. Added $93.8m584.4k shares
Parallax Volatility Advisers, L.P. Added $65.0m405.1k shares
SIMPLEX TRADING, LLC Reduced $60.7m378.3k shares
Walleye Trading LLC Reduced $54.7m340.6k shares
Squarepoint Ops LLC Added $38.7m240.9k shares
CAPITAL FUND MANAGEMENT S.A. Added $38.0m236.6k shares
Allianz Asset Management GmbH New $32.1m200.0k shares
JANE STREET GROUP, LLC Reduced $31.5m196.2k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales in Q2 2023

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q2 2023.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BAILLIE GIFFORD & CO 3.44% of their portfolio EDINBURGH, X0 25,177,05425.2m $4.0bn $4.0bn 3.44% Reduced -2.3m -2,317,627
2 MORGAN STANLEY 0.15% of their portfolio NEW YORK, NY 9,348,4459.3m $1.5bn $1.5bn 0.15% Added +194.2k +194,213
3 PRICE T ROWE ASSOCIATES INC /MD/ 0.14% of their portfolio BALTIMORE, MD 6,127,2966.1m $983.7m $983.7m 0.14% Reduced -2.6m -2,581,070
4 BlackRock Inc. 0.02% of their portfolio New York, NY 4,853,3314.9m $779.2m $779.2m 0.02% Added +447.5k +447,468
5 Technology Crossover Management VIII, Ltd. 45.40% of their portfolio MENLO PARK, CA 3,618,2723.6m $580.9m $580.9m 45.40% Unchanged
6 T. Rowe Price Investment Management, Inc. 0.35% of their portfolio BALTIMORE, MD 3,239,3233.2m $520.1m $520.1m 0.35% Added +197.5k +197,525
7 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.17% of their portfolio Boston, MA 3,175,7713.2m $509.9m $509.9m 0.17% New
8 Alecta Tjanstepension Omsesidigt 3.45% of their portfolio STOCKHOLM, V7 2,975,6003.0m $477.7m $477.7m 3.45% Reduced -400.0k -400,000
9 SRS Investment Management, LLC 4.07% of their portfolio New York, NY 2,205,3832.2m $354.1m $354.1m 4.07% Unchanged
10 LORD, ABBETT & CO. LLC 0.55% of their portfolio JERSEY CITY, NJ 2,005,5162.0m $322.0m $322.0m 0.55% Added +469.5k +469,512
11 AMF Tjanstepension AB 2.96% of their portfolio STOCKHOLM, V7 2,000,0002.0m $321.1m $321.1m 2.96% Unchanged
12 WELLINGTON MANAGEMENT GROUP LLP 0.06% of their portfolio Boston, MA 1,837,2351.8m $295.0m $295.0m 0.06% Added +143.2k +143,191
13 CITADEL ADVISORS LLC 0.33% of their portfolio MIAMI, FL 1,821,5111.8m $292.4m $292.4m 0.33% Reduced -582.7k -582,718
14 ValueAct Holdings, L.P. 4.49% of their portfolio SAN FRANCISCO, CA 1,799,1411.8m $288.9m $288.9m 4.49% Reduced -450.0k -450,000
15 ACADIAN ASSET MANAGEMENT LLC 1.13% of their portfolio Boston, MA 1,719,4531.7m $276.0m $276.0m 1.13% Added +1.7m +1,716,358
16 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 1,567,7211.6m $251.7m $251.7m 0.01% Added +9.5k +9,463
17 NORGES BANK 0.04% of their portfolio OSLO, Q8 1,307,3301.3m $209.9m $209.9m 0.04% Added +362.9k +362,883
18 RENAISSANCE TECHNOLOGIES LLC 0.26% of their portfolio NEW YORK, NY 1,134,6001.1m $182.2m $182.2m 0.26% Added +66.3k +66,271
19 TWO SIGMA ADVISERS, LP 0.41% of their portfolio NEW YORK, NY 1,009,5001.0m $162.1m $162.1m 0.41% Added +68.8k +68,800
20 Liontrust Investment Partners LLP 2.31% of their portfolio LONDON, X0 998,914998.9k $160.4m $160.4m 2.31% New
21 Hyperion Asset Management Ltd 7.10% of their portfolio Royal Exchange, C3 982,453982.5k $157.7m $157.7m 7.10% Added +75.5k +75,520
22 Technology Crossover Management XI, Ltd. 100.00% of their portfolio MENLO PARK, CA 952,482952.5k $152.9m $152.9m 100.00% Unchanged
23 Contour Asset Management LLC 6.11% of their portfolio NEW YORK, NY 845,174845.2k $135.7m $135.7m 6.11% Added +122.6k +122,612
24 Swedbank AB 0.23% of their portfolio STOCKHOLM, V7 804,973805.0k $129.2m $129.2m 0.23% Reduced -100.8k -100,756
25 Holocene Advisors, LP 0.46% of their portfolio New York, NY 661,813661.8k $106.3m $106.3m 0.46% Added +237.5k +237,524
26 AMERICAN CENTURY COMPANIES INC 0.08% of their portfolio KANSAS CITY, MO 628,423628.4k $100.9m $100.9m 0.08% Added +61.3k +61,320
27 Allspring Global Investments Holdings, LLC 0.15% of their portfolio CHARLOTTE, NC 602,001602.0k $96.7m $96.7m 0.15% Added +78.1k +78,128
28 Squarepoint Ops LLC 0.54% of their portfolio NEW YORK, NY 601,847601.8k $96.6m $96.6m 0.54% Added +523.5k +523,497
29 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 585,543585.5k $94.0m $94.0m 0.01% Added +34.1k +34,096
30 Legal & General Group Plc 0.03% of their portfolio London, X0 578,471578.5k $92.9m $92.9m 0.03% Added +173.1k +173,062
31 FEDERATED HERMES, INC. 0.23% of their portfolio PITTSBURGH, PA 565,708565.7k $90.8m $90.8m 0.23% Reduced -39.9k -39,869
32 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.42% of their portfolio JUPITER, FL 552,544552.5k $88.7m $88.7m 0.42% Added +85.5k +85,508
33 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 543,363543.4k $87.2m $87.2m 0.00% Added +5.6k +5,643
34 FMR LLC 0.01% of their portfolio BOSTON, MA 503,949503.9k $80.9m $80.9m 0.01% Reduced -544.3k -544,271
35 Spyglass Capital Management LLC 5.81% of their portfolio Greenbrae, CA 500,799500.8k $80.4m $80.4m 5.81% Reduced -42.5k -42,451
36 DEUTSCHE BANK AG\ 0.04% of their portfolio FRANKFURT AM MAIN, 2M 482,837482.8k $77.5m $77.5m 0.04% Reduced -22.5k -22,494
37 Point72 Asset Management, L.P. 0.25% of their portfolio STAMFORD, CT 457,356457.4k $73.4m $73.4m 0.25% New
38 Assenagon Asset Management S.A. 0.29% of their portfolio SENNINGERBERG, N4 456,221456.2k $73.2m $73.2m 0.29% Added +61.9k +61,915
39 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.09% of their portfolio BOSTON, MA 447,779447.8k $71.9m $71.9m 0.09% Reduced -26.7k -26,722
40 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 446,909446.9k $71.8m $71.8m 0.01% Added +103.4k +103,409
41 MARSHALL WACE, LLP 0.15% of their portfolio LONDON, X0 437,454437.5k $70.2m $70.2m 0.15% Added +327.1k +327,110
42 Coronation Fund Managers Ltd. 1.87% of their portfolio Cape Town, T3 431,538431.5k $69.3m $69.3m 1.87% Reduced -211.4k -211,360
43 TD Asset Management Inc 0.08% of their portfolio Toronto, A6 422,750422.8k $67.9m $67.9m 0.08% Added +16.5k +16,477
44 Nuveen Asset Management, LLC 0.02% of their portfolio CHICAGO, IL 421,530421.5k $67.7m $67.7m 0.02% Added +25.5k +25,510
45 Select Equity Group, L.P. 0.25% of their portfolio NEW YORK, NY 419,726419.7k $67.4m $67.4m 0.25% Reduced -6.6k -6,587
46 TREMBLANT CAPITAL GROUP 7.47% of their portfolio WEST PALM BEACH, FL 419,117419.1k $67.3m $67.3m 7.47% Added +9.0k +9,040
47 JACOBS LEVY EQUITY MANAGEMENT, INC 0.38% of their portfolio FLORHAM PARK, NJ 414,104414.1k $66.5m $66.5m 0.38% Added +387.3k +387,304
48 BAMCO INC /NY/ 0.18% of their portfolio NEW YORK, NY 400,519400.5k $64.3m $64.3m 0.18% Added +73.6k +73,648
49 TWO SIGMA INVESTMENTS, LP 0.16% of their portfolio NEW YORK, NY 383,600383.6k $61.6m $61.6m 0.16% Added +97.1k +97,053
50 Artisan Partners Limited Partnership 0.10% of their portfolio Milwaukee, WI 381,123381.1k $61.2m $61.2m 0.10% New
51 Mitsubishi UFJ Trust & Banking Corp 0.13% of their portfolio TOKYO, M0 347,054347.1k $55.7m $55.7m 0.13% Reduced -27.7k -27,740
52 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 342,296342.3k $55.0m $55.0m 0.01% Added +59.1k +59,072
53 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 330,359330.4k $53.0m $53.0m 0.01% Added +44.7k +44,709
54 SCHRODER INVESTMENT MANAGEMENT GROUP 0.08% of their portfolio London, X0 326,046326.0k $52.3m $52.3m 0.08% Added +312.6k +312,643
55 D. E. Shaw & Co., Inc. 0.08% of their portfolio New York, NY 318,058318.1k $51.1m $51.1m 0.08% Added +227.0k +227,032
56 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.08% of their portfolio BALA CYNWYD, PA 304,055304.1k $48.8m $48.8m 0.08% Added +225.5k +225,500
57 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 294,294294.3k $47.2m $47.2m 0.01% Added +53.1k +53,107
58 NEW YORK STATE COMMON RETIREMENT FUND 0.06% of their portfolio ALBANY, NY 289,342289.3k $46.5m $46.5m 0.06% Added +137.2k +137,217
59 NEUBERGER BERMAN GROUP LLC 0.04% of their portfolio NEW YORK, NY 287,994288.0k $46.2m $46.2m 0.04% Added +50.7k +50,651
60 JANE STREET GROUP, LLC 0.06% of their portfolio NEW YORK, NY 286,190286.2k $45.9m $45.9m 0.06% Added +83.2k +83,179
61 KPS Global Asset Management UK Ltd 26.99% of their portfolio London, X0 280,000280.0k $45.0m $45.0m 26.99% Reduced -27.6k -27,600
62 NorthCoast Asset Management LLC 0.64% of their portfolio STAMFORD, CT 273,369273.4k $43.9m $43.9m 0.64% Added +54.6k +54,583
63 Walleye Capital LLC 0.76% of their portfolio NEW YORK, NY 270,810270.8k $43.5m $43.5m 0.76% Added +78.6k +78,629
64 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 262,525262.5k $42.1m $42.1m 0.01% Added +851 +851
65 Russell Investments Group, Ltd. 0.08% of their portfolio Seattle, WA 261,591261.6k $42.0m $42.0m 0.08% Added +79.3k +79,322
66 Compagnie Lombard Odier SCmA 1.17% of their portfolio 1204 GENEVA, V8 261,062261.1k $41.9m $41.9m 1.17% Reduced -25.7k -25,725
67 California Public Employees Retirement System 0.04% of their portfolio Sacramento, CA 258,489258.5k $41.5m $41.5m 0.04% Reduced -5.8k -5,766
68 Nishkama Capital, LLC 7.57% of their portfolio DORADO, PR 256,190256.2k $41.1m $41.1m 7.57% Added +40.3k +40,345
69 Marcho Partners LLP 10.06% of their portfolio LONDON, X0 253,446253.4k $40.7m $40.7m 10.06% Reduced -81.7k -81,700
70 SEI INVESTMENTS CO 0.07% of their portfolio OAKS, PA 248,077248.1k $39.8m $39.8m 0.07% Added +156.4k +156,445
71 MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 238,776238.8k $38.3m $38.3m 0.04% Reduced -448.7k -448,696
72 Capital International Investors 0.01% of their portfolio Los Angeles, CA 232,386232.4k $37.3m $37.3m 0.01% Added +12.5k +12,540
73 Capital International, Inc./CA/ 0.65% of their portfolio Los Angeles, CA 224,438224.4k $36.0m $36.0m 0.65% Reduced -12.9k -12,916
74 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 220,810220.8k $35.5m $35.5m 0.01% Reduced -6.9k -6,854
75 Privium Fund Management B.V. 9.90% of their portfolio AMSTERDAM, P7 216,000216.0k $34.4m $34.4m 9.90% Reduced -2.0k -2,000
76 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 212,492212.5k $28.4m $28.4m 0.01% Unchanged
77 Amundi 0.02% of their portfolio Paris, I0 208,174208.2k $33.4m $33.4m 0.02% Reduced -48.1k -48,144
78 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.05% of their portfolio FRANKFURT AM MAIN, 2M 199,167199.2k $32.0m $32.0m 0.05% Added +21.3k +21,335
79 FIRST TRUST ADVISORS LP 0.03% of their portfolio Wheaton, IL 191,420191.4k $30.7m $30.7m 0.03% Added +140.4k +140,356
80 Schonfeld Strategic Advisors LLC 0.27% of their portfolio NEW YORK, NY 191,416191.4k $30.7m $30.7m 0.27% Added +115.2k +115,152
81 Stephens Investment Management Group LLC 0.46% of their portfolio LITTLE ROCK, AR 183,199183.2k $29.4m $29.4m 0.46% Added +3.5k +3,477
82 RHUMBLINE ADVISERS 0.03% of their portfolio BOSTON, MA 181,570181.6k $29.2m $29.2m 0.03% Added +22.0k +21,991
83 HSBC HOLDINGS PLC 0.03% of their portfolio LONDON, X0 178,154178.2k $28.5m $28.5m 0.03% Added +167.9k +167,944
84 Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio CHIYODA-KU, TOKYO, M0 173,491173.5k $27.9m $27.9m 0.02% Added +1.4k +1,400
85 CAPITAL FUND MANAGEMENT S.A. 0.44% of their portfolio PARIS, I0 173,277173.3k $27.8m $27.8m 0.44% Added +54.0k +54,035
86 Balyasny Asset Management L.P. 0.07% of their portfolio Chicago, IL 164,802164.8k $26.5m $26.5m 0.07% Added +160.1k +160,050
87 NATIONAL BANK OF CANADA /FI/ 0.05% of their portfolio MONTREAL, A8 164,661164.7k $26.4m $26.4m 0.05% Reduced -31.3k -31,342
88 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.06% of their portfolio TALLAHASSEE, FL 164,179164.2k $26.4m $26.4m 0.06% Added +11.2k +11,171
89 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 161,906161.9k $26.0m $26.0m 0.01% Reduced -6.8k -6,797
90 NORDEA INVESTMENT MANAGEMENT AB 0.03% of their portfolio STOCKHOLM, V7 149,720149.7k $23.9m $23.9m 0.03% New
91 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 143,457143.5k $23.1m $23.1m 0.01% Added +73.1k +73,104
92 BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio PARIS, I0 138,238138.2k $22.2m $22.2m 0.04% Added +42.8k +42,846
93 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 137,616137.6k $22.1m $22.1m 0.01% Added +18.3k +18,282
94 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 130,507130.5k $21.0m $21.0m 0.01% Added +31.3k +31,263
95 Amova Asset Management Americas, Inc. 0.22% of their portfolio New York, NY 128,949128.9k $20.7m $20.7m 0.22% Reduced -6.9k -6,942
96 COMGEST GLOBAL INVESTORS S.A.S. 0.34% of their portfolio Paris, I0 125,604125.6k $20.2m $20.2m 0.34% Reduced -3.1k -3,056
97 Polar Asset Management Partners Inc. 0.39% of their portfolio TORONTO, A6 123,300123.3k $19.8m $19.8m 0.39% Reduced -12.5k -12,500
98 GREENLEA LANE CAPITAL MANAGEMENT, LLC 7.15% of their portfolio WESTON, CT 122,045122.0k $19.6m $19.6m 7.15% Reduced -30.9k -30,940
99 STATE OF WISCONSIN INVESTMENT BOARD 0.05% of their portfolio MADISON, WI 120,399120.4k $19.3m $19.3m 0.05% Unchanged
100 Man Group plc 0.06% of their portfolio LONDON, X0 120,117120.1k $19.3m $19.3m 0.06% New