Vault-13

SPOTIFY TECHNOLOGY S A SPOT

SHS · Common Stock · CUSIP L8681T102

720 institutional holders +63 vs Q4 2023
136,377,352136.4m shares reported held*
69.2% of all shares outstanding*
$36.0bnreported value*
127 new 219 added 247 reduced 62 sold out net bought ≈ $2.6bn (+9.9m 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 ($25.5m 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 ≈ $263.72. Options: 38 managers hold calls ($1.4bn notional), 41 hold puts ($2.2bn).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 495Q4 22: 479Q1 23: 547Q2 23: 572Q3 23: 555Q4 23: 657Q1 24: 720720Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022495
Q4 2022479
Q1 2023547
Q2 2023572
Q3 2023555
Q4 2023657
Q1 2024720

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 23Q1 24: 346 bought or addedQ1 24: 309 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022215230
Q1 2023262214
Q2 2023263235
Q3 2023255252
Q4 2023318242
Q1 2024346309

Calls vs puts

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

CallsPuts
$0$1bn$2bn$3bnQ2 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 1.32Q1 24 calls: $1.4bnQ1 24 puts: $2.2bnQ1 24P/C 1.56
Numbers
QuarterCallsPutsP/C
Q2 2023$684.1m$987.3m1.44
Q3 2023$818.0m$1.1bn1.31
Q4 2023$1.1bn$1.4bn1.32
Q1 2024$1.4bn$2.2bn1.56

Biggest buyers

MORGAN STANLEY Added +5,642,480+5.6m
WELLINGTON MANAGEMENT GROUP LLP Added +2,500,346+2.5m
GQG Partners LLC New +2,311,633+2.3m
LONE PINE CAPITAL LLC New +1,687,415+1.7m
JPMORGAN CHASE & CO Added +1,414,258+1.4m
D1 Capital Partners L.P. New +644,061+644.1k
SCHRODER INVESTMENT MANAGEMENT GROUP Added +608,486+608.5k
MARSHALL WACE, LLP Added +596,538+596.5k
BlackRock Inc. Added +538,137+538.1k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +434,745+434.7k

Biggest sellers

BAILLIE GIFFORD & CO Reduced -2,195,015-2.2m
FIL Ltd Reduced -756,120-756.1k
CITADEL ADVISORS LLC Reduced -738,083-738.1k
SRS Investment Management, LLC Reduced -602,322-602.3k
Technology Crossover Management VIII, Ltd. Reduced -600,000-600.0k
PRICE T ROWE ASSOCIATES INC /MD/ Reduced -503,801-503.8k
Hyperion Asset Management Ltd Reduced -484,151-484.2k
MILLENNIUM MANAGEMENT LLC Reduced -398,416-398.4k
Point72 Asset Management, L.P. Sold out -396,055-396.1k
Contour Asset Management LLC Reduced -347,627-347.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $376.8m1.4m shares
CITADEL ADVISORS LLC Reduced $198.7m753.0k shares
ALKEON CAPITAL MANAGEMENT LLC New $147.8m560.0k shares
SIMPLEX TRADING, LLC Reduced $76.0m288.1k shares
IMC-Chicago, LLC Reduced $63.4m240.3k shares
JANE STREET GROUP, LLC Reduced $63.1m239.1k shares
Squarepoint Ops LLC Added $53.3m202.0k shares
Walleye Capital LLC Added $49.5m187.6k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $43.5m164.7k shares
WOLVERINE TRADING, LLC Reduced $42.9m162.5k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $337.8m1.3m shares
CITADEL ADVISORS LLC Added $280.3m1.1m shares
D. E. Shaw & Co., Inc. Reduced $172.5m653.7k shares
GOLDMAN SACHS GROUP INC Reduced $142.6m540.5k shares
SIMPLEX TRADING, LLC Added $128.9m488.5k shares
IMC-Chicago, LLC Added $125.1m474.0k shares
JANE STREET GROUP, LLC Reduced $117.0m443.3k shares
Parallax Volatility Advisers, L.P. Reduced $115.6m438.1k shares
WOLVERINE TRADING, LLC Added $101.4m384.3k shares
Walleye Capital LLC Added $99.0m375.3k 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 Q1 2024

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 Q1 2024.

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.16% of their portfolio NEW YORK, NY 22,599,48622.6m $6.0bn $6.0bn 0.16% Added +5.6m +5,642,480
2 BAILLIE GIFFORD & CO 4.41% of their portfolio EDINBURGH, X0 21,462,07921.5m $5.7bn $5.7bn 4.41% Reduced -2.2m -2,195,015
3 PRICE T ROWE ASSOCIATES INC /MD/ 0.19% of their portfolio BALTIMORE, MD 5,842,7965.8m $1.5bn $1.5bn 0.19% Reduced -503.8k -503,801
4 BlackRock Inc. 0.03% of their portfolio New York, NY 5,521,0095.5m $1.5bn $1.5bn 0.03% Added +538.1k +538,137
5 JPMORGAN CHASE & CO 0.06% of their portfolio NEW YORK, NY 5,480,4045.5m $1.4bn $1.4bn 0.06% Added +1.4m +1,414,258
6 WELLINGTON MANAGEMENT GROUP LLP 0.23% of their portfolio Boston, MA 4,849,9694.8m $1.3bn $1.3bn 0.23% Added +2.5m +2,500,346
7 T. Rowe Price Investment Management, Inc. 0.73% of their portfolio BALTIMORE, MD 4,491,4064.5m $1.2bn $1.2bn 0.73% Added +5.7k +5,723
8 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.27% of their portfolio Boston, MA 3,381,0933.4m $892.3m $892.3m 0.27% Reduced -313.1k -313,100
9 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.59% of their portfolio BOSTON, MA 2,433,3482.4m $642.2m $642.2m 0.59% Added +226.1k +226,144
10 GQG Partners LLC 0.98% of their portfolio FT. LAUDERDALE, FL 2,311,6332.3m $610.0m $610.0m 0.98% New
11 Technology Crossover Management VIII, Ltd. 59.18% of their portfolio MENLO PARK, CA 2,018,2722.0m $532.6m $532.6m 59.18% Reduced -600.0k -600,000
12 SCHRODER INVESTMENT MANAGEMENT GROUP 0.58% of their portfolio London, X0 1,880,6781.9m $496.3m $496.3m 0.58% Added +608.5k +608,486
13 ACADIAN ASSET MANAGEMENT LLC 1.67% of their portfolio Boston, MA 1,814,0831.8m $478.7m $478.7m 1.67% Reduced -135.1k -135,079
14 Alecta Tjanstepension Omsesidigt 2.74% of their portfolio STOCKHOLM, V7 1,812,1001.8m $478.5m $478.5m 2.74% Reduced -313.5k -313,500
15 STATE STREET CORP 0.02% of their portfolio BOSTON, MA 1,773,6711.8m $468.1m $468.1m 0.02% Added +88.0k +87,980
16 MARSHALL WACE, LLP 0.77% of their portfolio LONDON, X0 1,764,7471.8m $465.7m $465.7m 0.77% Added +596.5k +596,538
17 AMF Tjanstepension AB 3.40% of their portfolio STOCKHOLM, V7 1,700,0001.7m $448.6m $448.6m 3.40% Reduced -250.0k -250,000
18 LONE PINE CAPITAL LLC 3.51% of their portfolio GREENWICH, CT 1,687,4151.7m $445.3m $445.3m 3.51% New
19 Artisan Partners Limited Partnership 0.62% of their portfolio Milwaukee, WI 1,618,6491.6m $427.2m $427.2m 0.62% Added +217.8k +217,838
20 Technology Crossover Management XI, Ltd. 77.27% of their portfolio MENLO PARK, CA 1,297,3231.3m $342.4m $342.4m 77.27% Unchanged
21 FMR LLC 0.02% of their portfolio BOSTON, MA 955,728955.7k $252.2m $252.2m 0.02% Added +57.9k +57,934
22 CITADEL ADVISORS LLC 0.23% of their portfolio MIAMI, FL 917,863917.9k $242.2m $242.2m 0.23% Reduced -738.1k -738,083
23 BAMCO INC /NY/ 0.61% of their portfolio NEW YORK, NY 864,584864.6k $228.2m $228.2m 0.61% Added +190.9k +190,931
24 ValueAct Holdings, L.P. 4.77% of their portfolio SAN FRANCISCO, CA 820,553820.6k $216.5m $216.5m 4.77% Reduced -207.0k -207,000
25 Swedbank AB 0.28% of their portfolio STOCKHOLM, V7 752,796752.8k $198.7m $198.7m 0.28% Reduced -50.6k -50,591
26 LORD, ABBETT & CO. LLC 0.31% of their portfolio JERSEY CITY, NJ 725,083725.1k $191.3m $191.3m 0.31% Added +24.0k +23,988
27 Invesco Ltd. 0.04% of their portfolio ATLANTA, GA 702,352702.4k $185.4m $185.4m 0.04% Added +180.8k +180,847
28 GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio BOSTON, MA 659,622659.6k $174.1m $174.1m 0.02% Added +29.5k +29,544
29 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 655,463655.5k $173.0m $173.0m 0.02% Added +182.6k +182,556
30 D1 Capital Partners L.P. 2.58% of their portfolio New York, NY 644,061644.1k $170.0m $170.0m 2.58% New
31 Balyasny Asset Management L.P. 0.43% of their portfolio Chicago, IL 636,469636.5k $168.0m $168.0m 0.43% Added +396.2k +396,231
32 AMERICAN CENTURY COMPANIES INC 0.11% of their portfolio KANSAS CITY, MO 633,884633.9k $167.3m $167.3m 0.11% Reduced -75.8k -75,776
33 TWO SIGMA ADVISERS, LP 0.39% of their portfolio NEW YORK, NY 630,300630.3k $166.3m $166.3m 0.39% Added +287.5k +287,500
34 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 612,522612.5k $161.6m $161.6m 0.00% Added +23.7k +23,675
35 Legal & General Group Plc 0.05% of their portfolio London, X0 611,539611.5k $161.4m $161.4m 0.05% Reduced -6.4k -6,351
36 Liontrust Investment Partners LLP 2.15% of their portfolio LONDON, X0 585,803585.8k $154.6m $154.6m 2.15% Reduced -191.5k -191,503
37 FEDERATED HERMES, INC. 0.36% of their portfolio PITTSBURGH, PA 585,206585.2k $154.4m $154.4m 0.36% Added +179.6k +179,573
38 NORGES BANK 0.02% of their portfolio OSLO, Q8 566,250566.2k $149.4m $149.4m 0.02% Added +74.4k +74,372
39 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.21% of their portfolio BALA CYNWYD, PA 534,738534.7k $141.1m $141.1m 0.21% Added +434.7k +434,745
40 JACOBS LEVY EQUITY MANAGEMENT, INC 0.63% of their portfolio FLORHAM PARK, NJ 531,196531.2k $140.2m $140.2m 0.63% Added +15.0k +14,979
41 Hyperion Asset Management Ltd 5.87% of their portfolio Royal Exchange, C3 529,087529.1k $139.6m $139.6m 5.87% Reduced -484.2k -484,151
42 TD Asset Management Inc 0.13% of their portfolio Toronto, A6 512,841512.8k $135.3m $135.3m 0.13% Added +12.2k +12,192
43 Sumitomo Mitsui Trust Group, Inc. 0.09% of their portfolio CHIYODA-KU, TOKYO, M0 501,072501.1k $132.2m $132.2m 0.09% Added +109.8k +109,776
44 Russell Investments Group, Ltd. 0.21% of their portfolio Seattle, WA 494,252494.3k $130.2m $130.2m 0.21% Reduced -24.8k -24,807
45 NORTHERN TRUST CORP 0.02% of their portfolio CHICAGO, IL 482,273482.3k $127.3m $127.3m 0.02% Added +22.3k +22,332
46 Qube Research & Technologies Ltd 0.23% of their portfolio LONDON, X0 471,927471.9k $124.5m $124.5m 0.23% Reduced -11.5k -11,542
47 ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio Berwyn, PA 469,485469.5k $123.9m $123.9m 0.05% Added +78.2k +78,232
48 MILLENNIUM MANAGEMENT LLC 0.10% of their portfolio NEW YORK, NY 467,641467.6k $123.4m $123.4m 0.10% Reduced -398.4k -398,416
49 1832 Asset Management L.P. 0.22% of their portfolio TORONTO, A6 459,214459.2k $121.2m $121.2m 0.22% Added +17.0k +17,014
50 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.44% of their portfolio JUPITER, FL 452,458452.5k $119.4m $119.4m 0.44% Added +262.2k +262,152
51 RENAISSANCE TECHNOLOGIES LLC 0.19% of their portfolio NEW YORK, NY 447,735447.7k $118.2m $118.2m 0.19% Reduced -80.7k -80,659
52 Amova Asset Management Americas, Inc. 1.17% of their portfolio New York, NY 446,559446.6k $117.8m $117.8m 1.17% Added +110.2k +110,172
53 Polar Capital Holdings Plc 0.60% of their portfolio London, X0 435,970436.0k $115.1m $115.1m 0.60% Added +315.5k +315,451
54 DEUTSCHE BANK AG\ 0.05% of their portfolio FRANKFURT AM MAIN, 2M 427,448427.4k $112.8m $112.8m 0.05% Reduced -4.4k -4,405
55 SRS Investment Management, LLC 1.45% of their portfolio New York, NY 398,180398.2k $105.1m $105.1m 1.45% Reduced -602.3k -602,322
56 Nuveen Asset Management, LLC 0.03% of their portfolio CHICAGO, IL 379,560379.6k $100.2m $100.2m 0.03% Reduced -2.3k -2,330
57 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 367,176367.2k $96.9m $96.9m 0.02% Reduced -239.9k -239,899
58 Contour Asset Management LLC 3.55% of their portfolio NEW YORK, NY 344,359344.4k $90.9m $90.9m 3.55% Reduced -347.6k -347,627
59 Man Group plc 0.24% of their portfolio LONDON, X0 343,942343.9k $90.8m $90.8m 0.24% Reduced -121.5k -121,466
60 AGF MANAGEMENT LTD 0.50% of their portfolio TORONTO, A6 343,865343.9k $90.7m $90.7m 0.50% Added +131.6k +131,589
61 TWO SIGMA INVESTMENTS, LP 0.22% of their portfolio NEW YORK, NY 336,782336.8k $88.9m $88.9m 0.22% Added +286.2k +286,226
62 FRED ALGER MANAGEMENT, LLC 0.43% of their portfolio NEW YORK, NY 332,375332.4k $87.7m $87.7m 0.43% Added +103.1k +103,112
63 NEW YORK STATE COMMON RETIREMENT FUND 0.11% of their portfolio ALBANY, NY 326,908326.9k $86.3m $86.3m 0.11% Added +99.5k +99,529
64 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 316,300316.3k $83.5m $83.5m 0.02% Reduced -2.9k -2,894
65 SEI INVESTMENTS CO 0.12% of their portfolio OAKS, PA 312,598312.6k $82.5m $82.5m 0.12% Reduced -11.4k -11,402
66 STEADFAST CAPITAL MANAGEMENT LP 1.77% of their portfolio NEW YORK, NY 295,300295.3k $77.9m $77.9m 1.77% Added +124.1k +124,100
67 Squarepoint Ops LLC 0.32% of their portfolio NEW YORK, NY 290,421290.4k $76.6m $76.6m 0.32% Reduced -118.5k -118,480
68 Allspring Global Investments Holdings, LLC 0.11% of their portfolio CHARLOTTE, NC 277,218277.2k $73.2m $73.2m 0.11% Reduced -162.3k -162,330
69 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 275,280275.3k $72.6m $72.6m 0.02% Added +90.8k +90,790
70 Mitsubishi UFJ Trust & Banking Corp 0.17% of their portfolio TOKYO, M0 274,374274.4k $72.4m $72.4m 0.17% Reduced -25.2k -25,250
71 CAPITAL FUND MANAGEMENT S.A. 0.85% of their portfolio PARIS, I0 265,301265.3k $70.0m $70.0m 0.85% Added +4.0k +4,018
72 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio NEW YORK, NY 261,263261.3k $68.9m $68.9m 0.02% Added +4.8k +4,813
73 California Public Employees Retirement System 0.05% of their portfolio Sacramento, CA 253,591253.6k $66.9m $66.9m 0.05% Reduced -7.8k -7,829
74 Stephens Investment Management Group LLC 0.86% of their portfolio LITTLE ROCK, AR 244,243244.2k $64.5m $64.5m 0.86% Added +30.9k +30,901
75 KPS Global Asset Management UK Ltd 23.52% of their portfolio London, X0 240,000240.0k $63.3m $63.3m 23.52% Unchanged
76 Coronation Fund Managers Ltd. 1.71% of their portfolio Cape Town, T3 237,975238.0k $62.8m $62.8m 1.71% Reduced -49.2k -49,192
77 DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio AUSTIN, TX 235,417235.4k $62.1m $62.1m 0.02% Reduced -26.1k -26,091
78 Amundi 0.03% of their portfolio Paris, I0 234,689234.7k $67.9m $67.9m 0.03% Added +38.2k +38,191
79 NORDEA INVESTMENT MANAGEMENT AB 0.07% of their portfolio STOCKHOLM, V7 233,820233.8k $62.4m $62.4m 0.07% Reduced -14.8k -14,839
80 TREMBLANT CAPITAL GROUP 6.87% of their portfolio WEST PALM BEACH, FL 231,542231.5k $61.1m $61.1m 6.87% Reduced -70.1k -70,095
81 Castle Hook Partners LP 2.20% of their portfolio NEW YORK, NY 230,654230.7k $60.9m $60.9m 2.20% New
82 SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC 2.86% of their portfolio Boston, MA 227,074227.1k $59.9m $59.9m 2.86% New
83 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 198,186198.2k $52.3m $52.3m 0.01% Added +29.2k +29,200
84 Spyglass Capital Management LLC 3.44% of their portfolio Greenbrae, CA 195,558195.6k $51.6m $51.6m 3.44% Reduced -96.3k -96,264
85 Compagnie Lombard Odier SCmA 0.91% of their portfolio 1204 GENEVA, V8 193,929193.9k $51.2m $51.2m 0.91% Reduced -39.3k -39,292
86 FIRST TRUST ADVISORS LP 0.05% of their portfolio Wheaton, IL 190,944190.9k $50.4m $50.4m 0.05% Reduced -17.5k -17,505
87 Walleye Capital LLC 0.54% of their portfolio NEW YORK, NY 187,070187.1k $49.4m $49.4m 0.54% Added +21.0k +21,046
88 Schonfeld Strategic Advisors LLC 0.38% of their portfolio NEW YORK, NY 182,367182.4k $48.1m $48.1m 0.38% Reduced -65.7k -65,682
89 Bridgewater Associates, LP 0.24% of their portfolio Westport, CT 177,817177.8k $46.9m $46.9m 0.24% Added +6.7k +6,749
90 Select Equity Group, L.P. 0.16% of their portfolio NEW YORK, NY 171,275171.3k $45.2m $45.2m 0.16% Reduced -144.8k -144,772
91 Privium Fund Management B.V. 11.98% of their portfolio AMSTERDAM, P7 170,000170.0k $44.9m $44.9m 11.98% Reduced -43.0k -43,000
92 MANE GLOBAL CAPITAL MANAGEMENT LP 3.74% of their portfolio NEW YORK, NY 166,930166.9k $44.1m $44.1m 3.74% Reduced -211.1k -211,118
93 MARSICO CAPITAL MANAGEMENT LLC 1.41% of their portfolio DENVER, CO 162,210162.2k $42.8m $42.8m 1.41% Added +2.9k +2,914
94 RHUMBLINE ADVISERS 0.04% of their portfolio BOSTON, MA 162,196162.2k $42.8m $42.8m 0.04% Reduced -18.3k -18,252
95 NEUBERGER BERMAN GROUP LLC 0.04% of their portfolio NEW YORK, NY 161,760161.8k $42.7m $42.7m 0.04% Added +1.3k +1,316
96 Cubist Systematic Strategies, LLC 0.48% of their portfolio STAMFORD, CT 161,073161.1k $42.5m $42.5m 0.48% Reduced -56.6k -56,605
97 Marcho Partners LLP 12.42% of their portfolio LONDON, X0 159,996160.0k $42.2m $42.2m 12.42% Reduced -39.3k -39,263
98 ARK Investment Management LLC 0.29% of their portfolio ST. PETERSBURG, FL 159,993160.0k $42.2m $42.2m 0.29% Added +46.8k +46,815
99 TUDOR INVESTMENT CORP ET AL 0.51% of their portfolio STAMFORD, CT 157,667157.7k $41.6m $41.6m 0.51% New
100 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.05% of their portfolio TALLAHASSEE, FL 153,008153.0k $20.4m $20.4m 0.05% Reduced -1.2k -1,177