Vault-13

SPOTIFY TECHNOLOGY S A SPOT

SHS · Common Stock · CUSIP L8681T102

555 institutional holders -17 vs Q2 2023
114,287,208114.3m shares reported held*
58.0% of all shares outstanding*
$17.8bnreported value*
65 new 190 added 169 reduced 83 sold out net bought ≈ $555.1m (+3.1m 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 ($24.3m this quarter). Holder counts are more reliable. Shares outstanding: 197.1m as of 2023-12-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $155.34. Options: 40 managers hold calls ($818.0m notional), 36 hold puts ($1.1bn).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 495Q4 22: 479Q1 23: 547Q2 23: 572Q3 23: 555555Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 2022495
Q4 2022479
Q1 2023547
Q2 2023572
Q3 2023555

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 23Q3 23: 255 bought or addedQ3 23: 252 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022215230
Q1 2023262214
Q2 2023263235
Q3 2023255252

Calls vs puts

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

CallsPuts
$0$500m$1bn$1.5bnQ4 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 1.44Q3 23 calls: $818.0mQ3 23 puts: $1.1bnQ3 23P/C 1.31
Numbers
QuarterCallsPutsP/C
Q4 2022$399.6m$334.8m0.84
Q1 2023$618.2m$670.2m1.08
Q2 2023$684.1m$987.3m1.44
Q3 2023$818.0m$1.1bn1.31

Biggest buyers

JPMORGAN CHASE & CO Added +1,849,773+1.8m
PRICE T ROWE ASSOCIATES INC /MD/ Added +1,697,006+1.7m
T. Rowe Price Investment Management, Inc. Added +1,242,037+1.2m
WELLINGTON MANAGEMENT GROUP LLP Added +1,133,305+1.1m
FIL Ltd Added +1,103,126+1.1m
SCHRODER INVESTMENT MANAGEMENT GROUP Added +989,243+989.2k
Artisan Partners Limited Partnership Added +741,955+742.0k
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Added +523,237+523.2k
Man Group plc New +512,628+512.6k
CITIGROUP INC Added +352,237+352.2k

Biggest sellers

LORD, ABBETT & CO. LLC Reduced -1,943,464-1.9m
CITADEL ADVISORS LLC Reduced -1,770,200-1.8m
Holocene Advisors, LP Sold out -661,813-661.8k
ValueAct Holdings, L.P. Reduced -545,288-545.3k
NORGES BANK Reduced -518,566-518.6k
SRS Investment Management, LLC Reduced -510,167-510.2k
Assenagon Asset Management S.A. Reduced -437,059-437.1k
TWO SIGMA ADVISERS, LP Reduced -387,700-387.7k
BAILLIE GIFFORD & CO Reduced -354,932-354.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -291,431-291.4k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $166.1m1.1m shares
CITADEL ADVISORS LLC Added $130.0m840.4k shares
CAPITAL FUND MANAGEMENT S.A. Added $89.9m581.4k shares
NIGHTVIEW CAPITAL, LLC Unchanged $55.1m356.1k shares
SIMPLEX TRADING, LLC Added $53.4m345.0k shares
JANE STREET GROUP, LLC Added $53.2m344.3k shares
J. Goldman & Co LP Added $45.3m293.2k shares
IMC-Chicago, LLC Added $32.6m210.5k shares
Walleye Trading LLC Reduced $28.4m183.8k shares
GTS SECURITIES LLC New $25.7m166.4k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $185.7m1.2m shares
D. E. Shaw & Co., Inc. Added $122.3m790.6k shares
CITADEL ADVISORS LLC Added $120.4m778.7k shares
CAPITAL FUND MANAGEMENT S.A. Added $115.6m747.4k shares
Parallax Volatility Advisers, L.P. Reduced $62.0m400.9k shares
SIMPLEX TRADING, LLC Added $60.2m389.3k shares
JANE STREET GROUP, LLC Added $48.8m315.5k shares
Walleye Trading LLC Reduced $46.6m301.2k shares
GOLDMAN SACHS GROUP INC Added $40.6m262.3k shares
GTS SECURITIES LLC New $39.6m255.9k 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 Q3 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 Q3 2023.

Holders, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BAILLIE GIFFORD & CO 3.50% of their portfolio EDINBURGH, X0 24,822,12224.8m $3.8bn $3.8bn 3.50% Reduced -354.9k -354,932
2 MORGAN STANLEY 0.14% of their portfolio NEW YORK, NY 9,184,1779.2m $1.4bn $1.4bn 0.14% Reduced -164.3k -164,268
3 PRICE T ROWE ASSOCIATES INC /MD/ 0.18% of their portfolio BALTIMORE, MD 7,824,3027.8m $1.2bn $1.2bn 0.18% Added +1.7m +1,697,006
4 BlackRock Inc. 0.02% of their portfolio New York, NY 4,913,0564.9m $759.8m $759.8m 0.02% Added +59.7k +59,725
5 T. Rowe Price Investment Management, Inc. 0.49% of their portfolio BALTIMORE, MD 4,481,3604.5m $693.0m $693.0m 0.49% Added +1.2m +1,242,037
6 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.20% of their portfolio Boston, MA 3,699,0083.7m $572.0m $572.0m 0.20% Added +523.2k +523,237
7 Technology Crossover Management VIII, Ltd. 49.14% of their portfolio MENLO PARK, CA 3,618,2723.6m $559.5m $559.5m 49.14% Unchanged
8 WELLINGTON MANAGEMENT GROUP LLP 0.09% of their portfolio Boston, MA 2,970,5403.0m $459.4m $459.4m 0.09% Added +1.1m +1,133,305
9 Alecta Tjanstepension Omsesidigt 3.29% of their portfolio STOCKHOLM, V7 2,825,6002.8m $437.1m $437.1m 3.29% Reduced -150.0k -150,000
10 AMF Tjanstepension AB 3.04% of their portfolio STOCKHOLM, V7 2,025,0002.0m $313.1m $313.1m 3.04% Added +25.0k +25,000
11 JPMORGAN CHASE & CO 0.03% of their portfolio NEW YORK, NY 1,918,0881.9m $296.6m $296.6m 0.03% Added +1.8m +1,849,773
12 ACADIAN ASSET MANAGEMENT LLC 1.24% of their portfolio Boston, MA 1,916,8211.9m $296.4m $296.4m 1.24% Added +197.4k +197,368
13 SRS Investment Management, LLC 3.78% of their portfolio New York, NY 1,695,2161.7m $262.1m $262.1m 3.78% Reduced -510.2k -510,167
14 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 1,598,8101.6m $247.2m $247.2m 0.01% Added +31.1k +31,089
15 SCHRODER INVESTMENT MANAGEMENT GROUP 0.30% of their portfolio London, X0 1,315,2891.3m $203.4m $203.4m 0.30% Added +989.2k +989,243
16 Technology Crossover Management XI, Ltd. 71.45% of their portfolio MENLO PARK, CA 1,297,3231.3m $200.6m $200.6m 71.45% Added +344.8k +344,841
17 ValueAct Holdings, L.P. 4.36% of their portfolio SAN FRANCISCO, CA 1,253,8531.3m $193.9m $193.9m 4.36% Reduced -545.3k -545,288
18 FIL Ltd 0.22% of their portfolio HAMILTON, D0 1,195,2021.2m $184.8m $184.8m 0.22% Added +1.1m +1,103,126
19 Artisan Partners Limited Partnership 0.30% of their portfolio Milwaukee, WI 1,123,0781.1m $173.7m $173.7m 0.30% Added +742.0k +741,955
20 Hyperion Asset Management Ltd 7.14% of their portfolio Royal Exchange, C3 959,270959.3k $148.3m $148.3m 7.14% Reduced -23.2k -23,183
21 Liontrust Investment Partners LLP 2.31% of their portfolio LONDON, X0 933,540933.5k $144.4m $144.4m 2.31% Reduced -65.4k -65,374
22 RENAISSANCE TECHNOLOGIES LLC 0.24% of their portfolio NEW YORK, NY 905,700905.7k $140.1m $140.1m 0.24% Reduced -228.9k -228,900
23 Contour Asset Management LLC 6.46% of their portfolio NEW YORK, NY 877,965878.0k $135.8m $135.8m 6.46% Added +32.8k +32,791
24 Squarepoint Ops LLC 0.62% of their portfolio NEW YORK, NY 827,403827.4k $127.9m $127.9m 0.62% Added +225.6k +225,556
25 Swedbank AB 0.23% of their portfolio STOCKHOLM, V7 804,443804.4k $124.4m $124.4m 0.23% Reduced -530 -530
26 NORGES BANK 0.02% of their portfolio OSLO, Q8 788,764788.8k $122.0m $122.0m 0.02% Reduced -518.6k -518,566
27 AMERICAN CENTURY COMPANIES INC 0.08% of their portfolio KANSAS CITY, MO 693,481693.5k $107.2m $107.2m 0.08% Added +65.1k +65,058
28 MARSHALL WACE, LLP 0.22% of their portfolio LONDON, X0 662,774662.8k $102.5m $102.5m 0.22% Added +225.3k +225,320
29 TWO SIGMA ADVISERS, LP 0.25% of their portfolio NEW YORK, NY 621,800621.8k $96.2m $96.2m 0.25% Reduced -387.7k -387,700
30 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 599,674599.7k $92.7m $92.7m 0.01% Added +14.1k +14,131
31 BAMCO INC /NY/ 0.27% of their portfolio NEW YORK, NY 598,090598.1k $92.5m $92.5m 0.27% Added +197.6k +197,571
32 Legal & General Group Plc 0.03% of their portfolio London, X0 583,897583.9k $90.3m $90.3m 0.03% Added +5.4k +5,426
33 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.44% of their portfolio JUPITER, FL 574,128574.1k $88.8m $88.8m 0.44% Added +21.6k +21,584
34 Allspring Global Investments Holdings, LLC 0.15% of their portfolio CHARLOTTE, NC 563,268563.3k $87.1m $87.1m 0.15% Reduced -38.7k -38,733
35 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 554,066554.1k $85.7m $85.7m 0.00% Added +10.7k +10,703
36 FMR LLC 0.01% of their portfolio BOSTON, MA 538,053538.1k $83.2m $83.2m 0.01% Added +34.1k +34,104
37 Man Group plc 0.25% of their portfolio LONDON, X0 512,628512.6k $79.3m $79.3m 0.25% New
38 TD Asset Management Inc 0.09% of their portfolio Toronto, A6 504,179504.2k $78.0m $78.0m 0.09% Added +81.4k +81,429
39 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 502,670502.7k $77.7m $77.7m 0.01% Added +208.4k +208,376
40 FEDERATED HERMES, INC. 0.21% of their portfolio PITTSBURGH, PA 501,926501.9k $77.6m $77.6m 0.21% Reduced -63.8k -63,782
41 Point72 Asset Management, L.P. 0.26% of their portfolio STAMFORD, CT 497,352497.4k $76.9m $76.9m 0.26% Added +40.0k +39,996
42 Russell Investments Group, Ltd. 0.14% of their portfolio Seattle, WA 469,771469.8k $72.6m $72.6m 0.14% Added +208.2k +208,180
43 Sumitomo Mitsui Trust Group, Inc. 0.06% of their portfolio CHIYODA-KU, TOKYO, M0 462,408462.4k $71.5m $71.5m 0.06% Added +288.9k +288,917
44 JACOBS LEVY EQUITY MANAGEMENT, INC 0.42% of their portfolio FLORHAM PARK, NJ 460,729460.7k $71.2m $71.2m 0.42% Added +46.6k +46,625
45 Nuveen Asset Management, LLC 0.02% of their portfolio CHICAGO, IL 458,736458.7k $70.9m $70.9m 0.02% Added +37.2k +37,206
46 D. E. Shaw & Co., Inc. 0.12% of their portfolio New York, NY 449,921449.9k $69.6m $69.6m 0.12% Added +131.9k +131,863
47 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 441,427441.4k $68.3m $68.3m 0.01% Reduced -5.5k -5,482
48 Spyglass Capital Management LLC 5.30% of their portfolio Greenbrae, CA 437,021437.0k $67.6m $67.6m 5.30% Reduced -63.8k -63,778
49 DEUTSCHE BANK AG\ 0.04% of their portfolio FRANKFURT AM MAIN, 2M 425,202425.2k $65.8m $65.8m 0.04% Reduced -57.6k -57,635
50 Amova Asset Management Americas, Inc. 0.75% of their portfolio New York, NY 406,972407.0k $63.0m $63.0m 0.75% Added +278.0k +278,023
51 CITIGROUP INC 0.09% of their portfolio NEW YORK, NY 386,191386.2k $59.7m $59.7m 0.09% Added +352.2k +352,237
52 TREMBLANT CAPITAL GROUP 6.64% of their portfolio WEST PALM BEACH, FL 357,930357.9k $55.4m $55.4m 6.64% Reduced -61.2k -61,187
53 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 342,235342.2k $52.9m $52.9m 0.01% Added +11.9k +11,876
54 SEI INVESTMENTS CO 0.09% of their portfolio OAKS, PA 329,527329.5k $51.0m $51.0m 0.09% Added +81.5k +81,450
55 Select Equity Group, L.P. 0.21% of their portfolio NEW YORK, NY 327,401327.4k $50.6m $50.6m 0.21% Reduced -92.3k -92,325
56 MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio NEW YORK, NY 321,477321.5k $49.7m $49.7m 0.05% Added +82.7k +82,701
57 Mitsubishi UFJ Trust & Banking Corp 0.12% of their portfolio TOKYO, M0 319,325319.3k $49.4m $49.4m 0.12% Reduced -27.7k -27,729
58 CAPITAL FUND MANAGEMENT S.A. 0.65% of their portfolio PARIS, I0 314,730314.7k $48.7m $48.7m 0.65% Added +141.5k +141,453
59 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 294,052294.1k $45.5m $45.5m 0.01% Reduced -48.2k -48,244
60 FIRST TRUST ADVISORS LP 0.05% of their portfolio Wheaton, IL 284,026284.0k $43.9m $43.9m 0.05% Added +92.6k +92,606
61 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio BOSTON, MA 281,267281.3k $43.5m $43.5m 0.05% Reduced -166.5k -166,512
62 Coronation Fund Managers Ltd. 1.28% of their portfolio Cape Town, T3 276,208276.2k $42.7m $42.7m 1.28% Reduced -155.3k -155,330
63 NEW YORK STATE COMMON RETIREMENT FUND 0.06% of their portfolio ALBANY, NY 271,274271.3k $41.9m $41.9m 0.06% Reduced -18.1k -18,068
64 Marcho Partners LLP 12.94% of their portfolio LONDON, X0 269,646269.6k $41.7m $41.7m 12.94% Added +16.2k +16,200
65 California Public Employees Retirement System 0.03% of their portfolio Sacramento, CA 261,510261.5k $40.4m $40.4m 0.03% Added +3.0k +3,021
66 Balyasny Asset Management L.P. 0.11% of their portfolio Chicago, IL 261,148261.1k $40.4m $40.4m 0.11% Added +96.3k +96,346
67 Compagnie Lombard Odier SCmA 0.93% of their portfolio 1204 GENEVA, V8 260,144260.1k $40.2m $40.2m 0.93% Reduced -918 -918
68 KPS Global Asset Management UK Ltd 21.93% of their portfolio London, X0 260,000260.0k $40.2m $40.2m 21.93% Reduced -20.0k -20,000
69 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 257,156257.2k $39.8m $39.8m 0.01% Reduced -5.4k -5,369
70 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio NEW YORK, NY 255,925255.9k $39.6m $39.6m 0.02% Added +43.4k +43,433
71 Capital International Investors 0.01% of their portfolio Los Angeles, CA 240,246240.2k $37.2m $37.2m 0.01% Added +7.9k +7,860
72 NORDEA INVESTMENT MANAGEMENT AB 0.05% of their portfolio STOCKHOLM, V7 230,554230.6k $36.0m $36.0m 0.05% Added +80.8k +80,834
73 Capital International, Inc./CA/ 0.68% of their portfolio Los Angeles, CA 228,535228.5k $35.3m $35.3m 0.68% Added +4.1k +4,097
74 Quadrature Capital Ltd 0.70% of their portfolio LONDON, X0 220,179220.2k $34.0m $34.0m 0.70% Added +183.1k +183,063
75 Stephens Investment Management Group LLC 0.55% of their portfolio LITTLE ROCK, AR 217,278217.3k $33.6m $33.6m 0.55% Added +34.1k +34,079
76 Privium Fund Management B.V. 9.93% of their portfolio AMSTERDAM, P7 216,000216.0k $33.4m $33.4m 9.93% Unchanged
77 NorthCoast Asset Management LLC 0.58% of their portfolio STAMFORD, CT 207,865207.9k $32.1m $32.1m 0.58% Reduced -65.5k -65,504
78 JANE STREET GROUP, LLC 0.05% of their portfolio NEW YORK, NY 206,055206.1k $31.9m $31.9m 0.05% Reduced -80.1k -80,135
79 Walleye Capital LLC 0.47% of their portfolio NEW YORK, NY 205,206205.2k $31.7m $31.7m 0.47% Reduced -65.6k -65,604
80 Amundi 0.02% of their portfolio Paris, I0 204,267204.3k $31.4m $31.4m 0.02% Reduced -3.9k -3,907
81 RHUMBLINE ADVISERS 0.03% of their portfolio BOSTON, MA 180,666180.7k $27.9m $27.9m 0.03% Reduced -904 -904
82 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 171,986172.0k $26.6m $26.6m 0.01% Added +34.4k +34,370
83 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 162,284162.3k $25.1m $25.1m 0.01% Added +378 +378
84 MANE GLOBAL CAPITAL MANAGEMENT LP 2.22% of their portfolio NEW YORK, NY 161,085161.1k $24.9m $24.9m 2.22% New
85 NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio NEW YORK, NY 161,059161.1k $24.9m $24.9m 0.02% Reduced -126.9k -126,935
86 Hudson Way Capital Management LLC 4.84% of their portfolio DALLAS, TX 159,237159.2k $24.6m $24.6m 4.84% New
87 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 157,252157.3k $24.3m $24.3m 0.01% Added +26.7k +26,745
88 TWO SIGMA INVESTMENTS, LP 0.07% of their portfolio NEW YORK, NY 155,300155.3k $24.0m $24.0m 0.07% Reduced -228.3k -228,300
89 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.06% of their portfolio TALLAHASSEE, FL 154,699154.7k $23.9m $23.9m 0.06% Reduced -9.5k -9,480
90 J. Goldman & Co LP 1.05% of their portfolio NEW YORK, NY 135,667135.7k $21.0m $21.0m 1.05% Added +126.3k +126,272
91 UBS Group AG 0.01% of their portfolio ZURICH, V8 134,065134.1k $20.7m $20.7m 0.01% Added +35.8k +35,828
92 Polar Asset Management Partners Inc. 0.50% of their portfolio TORONTO, A6 132,900132.9k $20.6m $20.6m 0.50% Added +9.6k +9,600
93 Twin Tree Management, LP 0.66% of their portfolio DALLAS, TX 127,520127.5k $19.7m $19.7m 0.66% New
94 Schonfeld Strategic Advisors LLC 0.18% of their portfolio NEW YORK, NY 126,600126.6k $19.6m $19.6m 0.18% Reduced -64.8k -64,816
95 Public Sector Pension Investment Board 0.14% of their portfolio MONTREAL, A8 120,000120.0k $18.6m $18.6m 0.14% Unchanged
96 COMGEST GLOBAL INVESTORS S.A.S. 0.32% of their portfolio Paris, I0 119,034119.0k $18.4m $18.4m 0.32% Reduced -6.6k -6,570
97 MARSICO CAPITAL MANAGEMENT LLC 0.77% of their portfolio DENVER, CO 115,823115.8k $17.9m $17.9m 0.77% Added +1.5k +1,543
98 Shellback Capital, LP 1.72% of their portfolio Boston, MA 115,000115.0k $17.8m $17.8m 1.72% Added +17.1k +17,100
99 ARK Investment Management LLC 0.13% of their portfolio ST. PETERSBURG, FL 112,940112.9k $17.5m $17.5m 0.13% Added +100.0k +100,026
100 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 110,559110.6k $17.1m $17.1m 0.01% Added +43.9k +43,904