Vault-13

SPOTIFY TECHNOLOGY S A SPOT

SHS · Common Stock · CUSIP L8681T102

657 institutional holders +102 vs Q3 2023
126,182,878126.2m shares reported held*
64.0% of all shares outstanding*
$23.7bnreported value*
126 new 192 added 198 reduced 44 sold out net bought ≈ $2.1bn (+11.7m 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 ($74.1m 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 ≈ $187.94. Options: 39 managers hold calls ($1.1bn notional), 38 hold puts ($1.4bn).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 495Q4 22: 479Q1 23: 547Q2 23: 572Q3 23: 555Q4 23: 657657Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022495
Q4 2022479
Q1 2023547
Q2 2023572
Q3 2023555
Q4 2023657

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 23Q4 23: 318 bought or addedQ4 23: 242 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022215230
Q1 2023262214
Q2 2023263235
Q3 2023255252
Q4 2023318242

Calls vs puts

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

CallsPuts
$0$500m$1bn$1.5bnQ1 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 1.31Q4 23 calls: $1.1bnQ4 23 puts: $1.4bnQ4 23P/C 1.32
Numbers
QuarterCallsPutsP/C
Q1 2023$618.2m$670.2m1.08
Q2 2023$684.1m$987.3m1.44
Q3 2023$818.0m$1.1bn1.31
Q4 2023$1.1bn$1.4bn1.32

Biggest buyers

MORGAN STANLEY Added +7,772,829+7.8m
JPMORGAN CHASE & CO Added +2,148,058+2.1m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Added +1,925,937+1.9m
CITADEL ADVISORS LLC Added +1,604,635+1.6m
LORD, ABBETT & CO. LLC Added +639,043+639.0k
MILLENNIUM MANAGEMENT LLC Added +544,580+544.6k
MARSHALL WACE, LLP Added +505,435+505.4k
Qube Research & Technologies Ltd Added +476,111+476.1k
Man Group plc New +465,408+465.4k
1832 Asset Management L.P. New +442,200+442.2k

Biggest sellers

PRICE T ROWE ASSOCIATES INC /MD/ Reduced -1,477,705-1.5m
BAILLIE GIFFORD & CO Reduced -1,165,028-1.2m
Technology Crossover Management VIII, Ltd. Reduced -1,000,000-1.0m
Alecta Tjanstepension Omsesidigt Reduced -700,000-700.0k
SRS Investment Management, LLC Reduced -694,714-694.7k
WELLINGTON MANAGEMENT GROUP LLP Reduced -620,917-620.9k
Man Group plc Sold out -512,628-512.6k
Squarepoint Ops LLC Reduced -418,502-418.5k
FIL Ltd Reduced -408,242-408.2k
VOLORIDGE INVESTMENT MANAGEMENT, LLC Reduced -383,822-383.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $226.2m1.2m shares
CITADEL ADVISORS LLC Added $168.2m895.0k shares
SIMPLEX TRADING, LLC Added $99.0m527.1k shares
JANE STREET GROUP, LLC Added $74.8m398.2k shares
Parallax Volatility Advisers, L.P. Added $70.0m372.3k shares
TORNO CAPITAL, LLC First filing $52.1m277.5k shares
IMC-Chicago, LLC Added $46.4m247.0k shares
Walleye Trading LLC Added $43.2m230.0k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $35.4m188.2k shares
WOLVERINE TRADING, LLC Added $34.6m184.1k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $268.4m1.4m shares
D. E. Shaw & Co., Inc. Added $155.3m826.3k shares
GOLDMAN SACHS GROUP INC Added $140.1m745.8k shares
CITADEL ADVISORS LLC Reduced $126.5m673.3k shares
JANE STREET GROUP, LLC Added $94.5m503.1k shares
Parallax Volatility Advisers, L.P. Added $87.0m463.1k shares
SIMPLEX TRADING, LLC Added $74.1m394.2k shares
IMC-Chicago, LLC Added $69.6m370.2k shares
Walleye Trading LLC Added $66.1m351.7k shares
Walleye Capital LLC Added $54.2m288.3k 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 Q4 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 Q4 2023.

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BAILLIE GIFFORD & CO 3.52% of their portfolio EDINBURGH, X0 23,657,09423.7m $4.4bn $4.4bn 3.52% Reduced -1.2m -1,165,028
2 MORGAN STANLEY 0.14% of their portfolio NEW YORK, NY 16,957,00617.0m $3.2bn $3.2bn 0.14% Added +7.8m +7,772,829
3 PRICE T ROWE ASSOCIATES INC /MD/ 0.16% of their portfolio BALTIMORE, MD 6,346,5976.3m $1.2bn $1.2bn 0.16% Reduced -1.5m -1,477,705
4 BlackRock Inc. 0.02% of their portfolio New York, NY 4,982,8725.0m $936.3m $936.3m 0.02% Added +69.8k +69,816
5 T. Rowe Price Investment Management, Inc. 0.55% of their portfolio BALTIMORE, MD 4,485,6834.5m $842.9m $842.9m 0.55% Added +4.3k +4,323
6 JPMORGAN CHASE & CO 0.04% of their portfolio NEW YORK, NY 4,066,1464.1m $764.1m $764.1m 0.04% Added +2.1m +2,148,058
7 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.22% of their portfolio Boston, MA 3,694,1933.7m $694.2m $694.2m 0.22% Reduced -4.8k -4,815
8 Technology Crossover Management VIII, Ltd. 44.12% of their portfolio MENLO PARK, CA 2,618,2722.6m $492.0m $492.0m 44.12% Reduced -1.0m -1,000,000
9 WELLINGTON MANAGEMENT GROUP LLP 0.08% of their portfolio Boston, MA 2,349,6232.3m $441.5m $441.5m 0.08% Reduced -620.9k -620,917
10 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.43% of their portfolio BOSTON, MA 2,207,2042.2m $414.8m $414.8m 0.43% Added +1.9m +1,925,937
11 Alecta Tjanstepension Omsesidigt 2.48% of their portfolio STOCKHOLM, V7 2,125,6002.1m $399.4m $399.4m 2.48% Reduced -700.0k -700,000
12 AMF Tjanstepension AB 3.13% of their portfolio STOCKHOLM, V7 1,950,0001.9m $366.4m $366.4m 3.13% Reduced -75.0k -75,000
13 ACADIAN ASSET MANAGEMENT LLC 1.42% of their portfolio Boston, MA 1,949,1621.9m $366.2m $366.2m 1.42% Added +32.3k +32,341
14 STATE STREET CORP 0.02% of their portfolio BOSTON, MA 1,685,6911.7m $316.8m $316.8m 0.02% Added +86.9k +86,881
15 CITADEL ADVISORS LLC 0.31% of their portfolio MIAMI, FL 1,655,9461.7m $311.2m $311.2m 0.31% Added +1.6m +1,604,635
16 Artisan Partners Limited Partnership 0.41% of their portfolio Milwaukee, WI 1,400,8111.4m $263.2m $263.2m 0.41% Added +277.7k +277,733
17 Technology Crossover Management XI, Ltd. 79.37% of their portfolio MENLO PARK, CA 1,297,3231.3m $243.8m $243.8m 79.37% Unchanged
18 SCHRODER INVESTMENT MANAGEMENT GROUP 0.31% of their portfolio London, X0 1,272,1921.3m $239.1m $239.1m 0.31% Reduced -43.1k -43,097
19 MARSHALL WACE, LLP 0.42% of their portfolio LONDON, X0 1,168,2091.2m $219.5m $219.5m 0.42% Added +505.4k +505,435
20 ValueAct Holdings, L.P. 3.86% of their portfolio SAN FRANCISCO, CA 1,027,5531.0m $193.1m $193.1m 3.86% Reduced -226.3k -226,300
21 Hyperion Asset Management Ltd 7.83% of their portfolio Royal Exchange, C3 1,013,2381.0m $190.4m $190.4m 7.83% Added +54.0k +53,968
22 SRS Investment Management, LLC 2.28% of their portfolio New York, NY 1,000,5021.0m $188.0m $188.0m 2.28% Reduced -694.7k -694,714
23 FMR LLC 0.01% of their portfolio BOSTON, MA 897,794897.8k $168.7m $168.7m 0.01% Added +359.7k +359,741
24 MILLENNIUM MANAGEMENT LLC 0.15% of their portfolio NEW YORK, NY 866,057866.1k $162.7m $162.7m 0.15% Added +544.6k +544,580
25 Swedbank AB 0.25% of their portfolio STOCKHOLM, V7 803,387803.4k $151.0m $151.0m 0.25% Reduced -1.1k -1,056
26 FIL Ltd 0.16% of their portfolio HAMILTON, D0 786,960787.0k $147.9m $147.9m 0.16% Reduced -408.2k -408,242
27 Liontrust Investment Partners LLP 2.12% of their portfolio LONDON, X0 777,306777.3k $146.1m $146.1m 2.12% Reduced -156.2k -156,234
28 AMERICAN CENTURY COMPANIES INC 0.09% of their portfolio KANSAS CITY, MO 709,660709.7k $133.4m $133.4m 0.09% Added +16.2k +16,179
29 LORD, ABBETT & CO. LLC 0.23% of their portfolio JERSEY CITY, NJ 701,095701.1k $131.7m $131.7m 0.23% Added +639.0k +639,043
30 Contour Asset Management LLC 5.37% of their portfolio NEW YORK, NY 691,986692.0k $130.0m $130.0m 5.37% Reduced -186.0k -185,979
31 BAMCO INC /NY/ 0.34% of their portfolio NEW YORK, NY 673,653673.7k $126.6m $126.6m 0.34% Added +75.6k +75,563
32 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 630,078630.1k $118.4m $118.4m 0.01% Added +30.4k +30,404
33 Legal & General Group Plc 0.04% of their portfolio London, X0 617,890617.9k $116.1m $116.1m 0.04% Added +34.0k +33,993
34 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 607,075607.1k $114.1m $114.1m 0.03% Added +313.0k +313,023
35 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 588,847588.8k $110.7m $110.7m 0.00% Added +34.8k +34,781
36 RENAISSANCE TECHNOLOGIES LLC 0.15% of their portfolio NEW YORK, NY 528,394528.4k $99.3m $99.3m 0.15% Reduced -377.3k -377,306
37 Invesco Ltd. 0.02% of their portfolio ATLANTA, GA 521,505521.5k $98.0m $98.0m 0.02% Added +349.5k +349,519
38 Russell Investments Group, Ltd. 0.17% of their portfolio Seattle, WA 519,059519.1k $97.6m $97.6m 0.17% Added +49.3k +49,288
39 JACOBS LEVY EQUITY MANAGEMENT, INC 0.49% of their portfolio FLORHAM PARK, NJ 516,217516.2k $97.0m $97.0m 0.49% Added +55.5k +55,488
40 TD Asset Management Inc 0.09% of their portfolio Toronto, A6 500,649500.6k $94.1m $94.1m 0.09% Reduced -3.5k -3,530
41 NORGES BANK 0.02% of their portfolio OSLO, Q8 491,878491.9k $92.4m $92.4m 0.02% Reduced -296.9k -296,886
42 Qube Research & Technologies Ltd 0.21% of their portfolio LONDON, X0 483,469483.5k $90.8m $90.8m 0.21% Added +476.1k +476,111
43 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 472,907472.9k $88.9m $88.9m 0.01% Reduced -29.8k -29,763
44 Man Group plc 0.25% of their portfolio LONDON, X0 465,408465.4k $87.5m $87.5m 0.25% New
45 NORTHERN TRUST CORP 0.02% of their portfolio CHICAGO, IL 459,941459.9k $86.4m $86.4m 0.02% Added +18.5k +18,514
46 1832 Asset Management L.P. 0.16% of their portfolio TORONTO, A6 442,200442.2k $83.1m $83.1m 0.16% New
47 Allspring Global Investments Holdings, LLC 0.14% of their portfolio CHARLOTTE, NC 439,548439.5k $82.6m $82.6m 0.14% Reduced -123.7k -123,720
48 DEUTSCHE BANK AG\ 0.04% of their portfolio FRANKFURT AM MAIN, 2M 431,853431.9k $81.1m $81.1m 0.04% Added +6.7k +6,651
49 Squarepoint Ops LLC 0.31% of their portfolio NEW YORK, NY 408,901408.9k $76.8m $76.8m 0.31% Reduced -418.5k -418,502
50 FEDERATED HERMES, INC. 0.19% of their portfolio PITTSBURGH, PA 405,633405.6k $76.2m $76.2m 0.19% Reduced -96.3k -96,293
51 Point72 Asset Management, L.P. 0.23% of their portfolio STAMFORD, CT 396,055396.1k $74.4m $74.4m 0.23% Reduced -101.3k -101,297
52 Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio CHIYODA-KU, TOKYO, M0 391,296391.3k $73.5m $73.5m 0.05% Reduced -71.1k -71,112
53 ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio Berwyn, PA 391,253391.3k $73.5m $73.5m 0.03% Added +299.7k +299,700
54 Nuveen Asset Management, LLC 0.02% of their portfolio CHICAGO, IL 381,890381.9k $71.8m $71.8m 0.02% Reduced -76.8k -76,846
55 MANE GLOBAL CAPITAL MANAGEMENT LP 6.86% of their portfolio NEW YORK, NY 378,048378.0k $71.0m $71.0m 6.86% Added +217.0k +216,963
56 Holocene Advisors, LP 0.27% of their portfolio New York, NY 361,156361.2k $67.9m $67.9m 0.27% New
57 D. E. Shaw & Co., Inc. 0.09% of their portfolio New York, NY 349,060349.1k $65.6m $65.6m 0.09% Reduced -100.9k -100,861
58 TWO SIGMA ADVISERS, LP 0.15% of their portfolio NEW YORK, NY 342,800342.8k $64.4m $64.4m 0.15% Reduced -279.0k -279,000
59 Amova Asset Management Americas, Inc. 0.61% of their portfolio New York, NY 336,387336.4k $63.2m $63.2m 0.61% Reduced -70.6k -70,585
60 SEI INVESTMENTS CO 0.10% of their portfolio OAKS, PA 324,000324.0k $60.9m $60.9m 0.10% Reduced -5.5k -5,527
61 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 319,194319.2k $60.0m $60.0m 0.01% Reduced -23.0k -23,041
62 Select Equity Group, L.P. 0.22% of their portfolio NEW YORK, NY 316,047316.0k $59.4m $59.4m 0.22% Reduced -11.4k -11,354
63 TREMBLANT CAPITAL GROUP 6.48% of their portfolio WEST PALM BEACH, FL 301,637301.6k $56.7m $56.7m 6.48% Reduced -56.3k -56,293
64 Mitsubishi UFJ Trust & Banking Corp 0.13% of their portfolio TOKYO, M0 299,624299.6k $56.3m $56.3m 0.13% Reduced -19.7k -19,701
65 Candlestick Capital Management LP 1.80% of their portfolio GREENWICH, CT 296,715296.7k $55.8m $55.8m 1.80% New
66 Spyglass Capital Management LLC 3.94% of their portfolio Greenbrae, CA 291,822291.8k $54.8m $54.8m 3.94% Reduced -145.2k -145,199
67 Coronation Fund Managers Ltd. 1.50% of their portfolio Cape Town, T3 287,167287.2k $54.0m $54.0m 1.50% Added +11.0k +10,959
68 JANE STREET GROUP, LLC 0.06% of their portfolio NEW YORK, NY 270,899270.9k $50.9m $50.9m 0.06% Added +64.8k +64,844
69 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 261,508261.5k $49.1m $49.1m 0.01% Added +4.4k +4,352
70 California Public Employees Retirement System 0.04% of their portfolio Sacramento, CA 261,420261.4k $49.1m $49.1m 0.04% Reduced -90 -90
71 CAPITAL FUND MANAGEMENT S.A. 0.63% of their portfolio PARIS, I0 261,283261.3k $49.1m $49.1m 0.63% Reduced -53.4k -53,447
72 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio NEW YORK, NY 256,450256.4k $48.2m $48.2m 0.02% Added +525 +525
73 NORDEA INVESTMENT MANAGEMENT AB 0.06% of their portfolio STOCKHOLM, V7 248,659248.7k $46.9m $46.9m 0.06% Added +18.1k +18,105
74 Schonfeld Strategic Advisors LLC 0.38% of their portfolio NEW YORK, NY 248,049248.0k $46.6m $46.6m 0.38% Added +121.4k +121,449
75 Balyasny Asset Management L.P. 0.13% of their portfolio Chicago, IL 240,238240.2k $45.1m $45.1m 0.13% Reduced -20.9k -20,910
76 KPS Global Asset Management UK Ltd 23.65% of their portfolio London, X0 240,000240.0k $45.1m $45.1m 23.65% Reduced -20.0k -20,000
77 Compagnie Lombard Odier SCmA 0.81% of their portfolio 1204 GENEVA, V8 233,221233.2k $43.8m $43.8m 0.81% Reduced -26.9k -26,923
78 FRED ALGER MANAGEMENT, LLC 0.23% of their portfolio NEW YORK, NY 229,263229.3k $43.1m $43.1m 0.23% Added +204.4k +204,435
79 NEW YORK STATE COMMON RETIREMENT FUND 0.06% of their portfolio ALBANY, NY 227,379227.4k $42.7m $42.7m 0.06% Reduced -43.9k -43,895
80 SG Americas Securities, LLC 0.47% of their portfolio NEW YORK, NY 227,224227.2k $42.7m $42.7m 0.47% Added +221.0k +220,972
81 Kodai Capital Management LP 0.85% of their portfolio CHICAGO, IL 222,803222.8k $41.9m $41.9m 0.85% First filing
82 Cubist Systematic Strategies, LLC 0.51% of their portfolio STAMFORD, CT 217,678217.7k $40.9m $40.9m 0.51% Added +149.6k +149,644
83 Stephens Investment Management Group LLC 0.59% of their portfolio LITTLE ROCK, AR 213,342213.3k $40.1m $40.1m 0.59% Reduced -3.9k -3,936
84 Privium Fund Management B.V. 11.18% of their portfolio AMSTERDAM, P7 213,000213.0k $40.1m $40.1m 11.18% Reduced -3.0k -3,000
85 AGF MANAGEMENT LTD 0.24% of their portfolio TORONTO, A6 212,276212.3k $39.9m $39.9m 0.24% New
86 FIRST TRUST ADVISORS LP 0.04% of their portfolio Wheaton, IL 208,449208.4k $39.2m $39.2m 0.04% Reduced -75.6k -75,577
87 NorthCoast Asset Management LLC 0.64% of their portfolio STAMFORD, CT 206,282206.3k $38.8m $38.8m 0.64% Reduced -1.6k -1,583
88 Marcho Partners LLP 12.82% of their portfolio LONDON, X0 199,259199.3k $37.4m $37.4m 12.82% Reduced -70.4k -70,387
89 Amundi 0.02% of their portfolio Paris, I0 196,498196.5k $37.9m $37.9m 0.02% Reduced -7.8k -7,769
90 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.14% of their portfolio JUPITER, FL 190,306190.3k $35.8m $35.8m 0.14% Reduced -383.8k -383,822
91 Quadrature Capital Ltd 0.63% of their portfolio LONDON, X0 185,658185.7k $34.9m $34.9m 0.63% Reduced -34.5k -34,521
92 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 184,490184.5k $34.7m $34.7m 0.01% Added +93.9k +93,932
93 RHUMBLINE ADVISERS 0.04% of their portfolio BOSTON, MA 180,448180.4k $33.9m $33.9m 0.04% Reduced -218 -218
94 STEADFAST CAPITAL MANAGEMENT LP 0.79% of their portfolio NEW YORK, NY 171,200171.2k $32.2m $32.2m 0.79% Added +99.3k +99,300
95 Bridgewater Associates, LP 0.18% of their portfolio Westport, CT 171,068171.1k $32.1m $32.1m 0.18% Added +71.5k +71,518
96 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 168,986169.0k $31.8m $31.8m 0.01% Added +11.7k +11,734
97 Walleye Capital LLC 0.44% of their portfolio NEW YORK, NY 166,024166.0k $31.2m $31.2m 0.44% Reduced -39.2k -39,182
98 NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio NEW YORK, NY 160,444160.4k $30.1m $30.1m 0.03% Reduced -615 -615
99 MARSICO CAPITAL MANAGEMENT LLC 1.17% of their portfolio DENVER, CO 159,296159.3k $29.9m $29.9m 1.17% Added +43.5k +43,473
100 AXA S.A. 0.05% of their portfolio PARIS, I0 156,874156.9k $29.5m $29.5m 0.05% Added +75.2k +75,197