SPOTIFY TECHNOLOGY S A SPOT
SHS · Common Stock · CUSIP L8681T102
- SectorCommunication
- IndustryRadio Broadcasting Stations
- FilingsSEC EDGAR
* 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 ($516.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $766.82. Options: 43 managers hold calls ($5.4bn notional), 43 hold puts ($5.1bn).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 495 |
| Q4 2022 | 479 |
| Q1 2023 | 547 |
| Q2 2023 | 572 |
| Q3 2023 | 555 |
| Q4 2023 | 657 |
| Q1 2024 | 720 |
| Q2 2024 | 841 |
| Q3 2024 | 911 |
| Q4 2024 | 1,064 |
| Q1 2025 | 1,173 |
| Q2 2025 | 1,330 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 255 | 252 |
| Q4 2023 | 318 | 242 |
| Q1 2024 | 346 | 309 |
| Q2 2024 | 486 | 284 |
| Q3 2024 | 490 | 346 |
| Q4 2024 | 549 | 397 |
| Q1 2025 | 665 | 446 |
| Q2 2025 | 771 | 477 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $3.2bn | $3.7bn | 1.16 |
| Q4 2024 | $3.1bn | $3.9bn | 1.24 |
| Q1 2025 | $3.3bn | $3.1bn | 0.94 |
| Q2 2025 | $5.4bn | $5.1bn | 0.93 |
Biggest buyers
| FMR LLC | Added | +1.0m |
| Capital World Investors | Added | +865.8k |
| ROYAL BANK OF CANADA | Added | +726.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +551.0k |
| BlackRock, Inc. | Added | +510.1k |
| Fisher Asset Management, LLC | Added | +460.1k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Added | +459.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +400.6k |
| Liontrust Investment Partners LLP | New | +395.2k |
| BANK OF AMERICA CORP /DE/ | Added | +362.7k |
Biggest sellers
| BAILLIE GIFFORD & CO | Reduced | -1.2m |
| GQG Partners LLC | Reduced | -736.3k |
| JPMORGAN CHASE & CO | Reduced | -716.3k |
| T. Rowe Price Investment Management, Inc. | Sold out | -629.6k |
| AXIOM INVESTORS LLC /DE | Reduced | -601.8k |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -568.0k |
| Point72 Asset Management, L.P. | Sold out | -505.5k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -440.4k |
| SANDS CAPITAL MANAGEMENT, LLC | Reduced | -433.7k |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Reduced | -338.8k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $1.2bn1.6m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $936.9m1.2m shares |
| CITADEL ADVISORS LLC | Reduced | $735.9m959.0k shares |
| BANK OF AMERICA CORP /DE/ | Added | $526.1m685.6k shares |
| IMC-Chicago, LLC | Added | $337.6m440.0k shares |
| PEAK6 LLC | Added | $260.1m339.0k shares |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | New | $258.4m337.0k shares |
| D. E. Shaw & Co., Inc. | Added | $216.5m282.1k shares |
| WOLVERINE TRADING, LLC | New | $205.1m265.5k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $101.2m131.9k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.3bn1.7m shares |
| CITADEL ADVISORS LLC | Added | $654.7m853.2k shares |
| JANE STREET GROUP, LLC | Added | $570.7m743.7k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $427.5m557.1k shares |
| IMC-Chicago, LLC | Added | $404.2m526.7k shares |
| BANK OF AMERICA CORP /DE/ | Added | $353.9m461.2k shares |
| Parallax Volatility Advisers, L.P. | Added | $149.2m194.4k shares |
| D. E. Shaw & Co., Inc. | Reduced | $137.4m179.0k shares |
| WOLVERINE TRADING, LLC | New | $121.6m157.4k shares |
| SIMPLEX TRADING, LLC | Added | $106.8m139.2k 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 2025
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 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.17% of their portfolio | 11.8m $9.1bn | Added +510.1k |
| BAILLIE GIFFORD & CO 5.52% of their portfolio | 9.6m $7.4bn | Reduced -1.2m |
| MORGAN STANLEY 0.34% of their portfolio | 6.8m $5.2bn | Added +55.2k |
| FMR LLC 0.26% of their portfolio | 6.1m $4.7bn | Added +1.0m |
| JPMORGAN CHASE & CO 0.28% of their portfolio | 5.3m $4.0bn | Reduced -716.3k |
| STATE STREET CORP 0.13% of their portfolio | 4.6m $3.5bn | Added +74.3k |
| JENNISON ASSOCIATES LLC 1.78% of their portfolio | 3.9m $3.0bn | Reduced -337.2k |
| WCM INVESTMENT MANAGEMENT, LLC 5.91% of their portfolio | 3.4m $2.6bn | Reduced -25.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.81% of their portfolio | 3.3m $2.5bn | Reduced -205.6k |
| BANK OF AMERICA CORP /DE/ 0.16% of their portfolio | 2.6m $2.0bn | Added +362.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.22% of their portfolio | 2.5m $1.9bn | Added +551.0k |
| Fisher Asset Management, LLC 0.76% of their portfolio | 2.5m $1.9bn | Added +460.1k |
| Capital World Investors 0.22% of their portfolio | 1.9m $1.5bn | Added +865.8k |
| WELLINGTON MANAGEMENT GROUP LLP 0.26% of their portfolio | 1.9m $1.4bn | Reduced -440.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.95% of their portfolio | 1.8m $1.3bn | Reduced -237.3k |
| COATUE MANAGEMENT LLC 3.40% of their portfolio | 1.6m $1.2bn | Added +49.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.25% of their portfolio | 1.6m $1.2bn | Added +400.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.08% of their portfolio | 1.6m $1.2bn | Added +49.4k |
| FORSTA AP-FONDEN 7.75% of their portfolio | 1.5m $1.2bn | Reduced -22.3k |
| NORTHERN TRUST CORP 0.16% of their portfolio | 1.5m $1.2bn | Reduced -41.4k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.97% of their portfolio | 1.5m $1.1bn | Reduced -338.8k |
| Invesco Ltd. 0.19% of their portfolio | 1.5m $1.1bn | Added +214.4k |
| SANDS CAPITAL MANAGEMENT, LLC 2.98% of their portfolio | 1.4m $1.0bn | Reduced -433.7k |
| GOLDMAN SACHS GROUP INC 0.16% of their portfolio | 1.3m $1.0bn | Added +171.9k |
| JANUS HENDERSON GROUP PLC 0.48% of their portfolio | 1.3m $987.3m | Added +57.3k |
| TIGER GLOBAL MANAGEMENT LLC 2.84% of their portfolio | 1.3m $968.0m | Unchanged |
| EDGEWOOD MANAGEMENT LLC 3.05% of their portfolio | 1.2m $959.0m | Added +157.6k |
| DEUTSCHE BANK AG\ 0.34% of their portfolio | 1.2m $910.2m | Reduced -21.7k |
| Swedbank AB 0.99% of their portfolio | 1.1m $881.3m | First filing |
| FRANKLIN RESOURCES INC 0.23% of their portfolio | 1.1m $867.9m | Added +333.5k |
| Legal & General Group Plc 0.21% of their portfolio | 1.1m $850.9m | Added +20.6k |
| ROYAL BANK OF CANADA 0.08% of their portfolio | 1.0m $792.8m | Added +726.4k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.81% of their portfolio | 1.0m $783.2m | Added +459.1k |
| NORGES BANK 0.10% of their portfolio | 1.0m $768.9m | Added +188.2k |
| Technology Crossover Management XI, Ltd. 72.85% of their portfolio | 1.0m $767.3m | Reduced -297.3k |
| AMF Tjanstepension AB 5.10% of their portfolio | 998.9k $766.5m | Reduced -101.1k |
| VANGUARD GROUP INC 0.01% of their portfolio | 981.7k $753.3m | Added +59.6k |
| BAMCO INC /NY/ 1.95% of their portfolio | 937.3k $719.2m | Added +49.4k |
| Winslow Capital Management, LLC 2.39% of their portfolio | 930.9k $714.3m | Reduced -195.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.90% of their portfolio | 881.9k $676.7m | Added +61.7k |
| ACADIAN ASSET MANAGEMENT LLC 1.36% of their portfolio | 859.1k $659.2m | Reduced -568.0k |
| AXIOM INVESTORS LLC /DE 5.27% of their portfolio | 837.6k $642.7m | Reduced -601.8k |
| Nuveen, LLC 0.16% of their portfolio | 767.9k $589.3m | Added +71.3k |
| UBS Group AG 0.12% of their portfolio | 739.5k $567.4m | Added +169.1k |
| Bank of New York Mellon Corp 0.11% of their portfolio | 734.4k $563.6m | Added +101.7k |
| Amundi 0.17% of their portfolio | 691.7k $490.8m | Reduced -75.9k |
| Artisan Partners Limited Partnership 0.74% of their portfolio | 644.6k $494.6m | Reduced -504 |
| Sumitomo Mitsui Trust Group, Inc. 0.30% of their portfolio | 625.0k $479.6m | Reduced -59.3k |
| Alecta Tjanstepension Omsesidigt 2.23% of their portfolio | 621.0k $476.1m | Reduced -151.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.13% of their portfolio | 598.9k $459.6m | Added +26.2k |
| NEUBERGER BERMAN GROUP LLC 0.32% of their portfolio | 544.5k $417.8m | Added +208.7k |
| VOYA INVESTMENT MANAGEMENT LLC 0.40% of their portfolio | 518.2k $397.4m | Added +6.8k |
| SEI INVESTMENTS CO 0.46% of their portfolio | 515.6k $395.6m | Reduced -65.6k |
| BESSEMER GROUP INC 0.63% of their portfolio | 505.3k $387.8m | Added +345.0k |
| Robeco Institutional Asset Management B.V. 0.61% of their portfolio | 495.2k $380.0m | Added +70.5k |
| Swiss National Bank 0.22% of their portfolio | 484.1k $371.5m | Added +53.8k |
| Pictet Asset Management Holding SA 0.37% of their portfolio | 476.6k $365.7m | Added +210.7k |
| FEDERATED HERMES, INC. 0.69% of their portfolio | 475.7k $365.0m | Reduced -78.4k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.30% of their portfolio | 457.4k $351.0m | Added +107.1k |
| Capital International Investors 0.06% of their portfolio | 429.6k $330.5m | Reduced -6.9k |
| Aberdeen Group plc 0.55% of their portfolio | 422.4k $324.1m | Added +206.4k |
| AMERICAN CENTURY COMPANIES INC 0.18% of their portfolio | 420.9k $323.0m | Added +88.4k |
| Polar Capital Holdings Plc 1.67% of their portfolio | 413.7k $317.5m | Reduced -42.8k |
| Liontrust Investment Partners LLP 4.34% of their portfolio | 395.2k $303.3m | New |
| LORD, ABBETT & CO. LLC 0.97% of their portfolio | 393.6k $302.0m | Reduced -161.0k |
| FRED ALGER MANAGEMENT, LLC 1.32% of their portfolio | 384.2k $294.8m | Added +25.9k |
| AMERIPRISE FINANCIAL INC 0.07% of their portfolio | 382.7k $293.9m | Added +25.9k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.76% of their portfolio | 371.8k $285.3m | Reduced -58.6k |
| BROWN ADVISORY INC 0.37% of their portfolio | 362.9k $278.5m | Added +327.7k |
| 1832 Asset Management L.P. 0.47% of their portfolio | 348.1k $267.1m | Added +68.2k |
| WELLS FARGO & COMPANY/MN 0.06% of their portfolio | 343.8k $263.8m | Added +15.0k |
| Hyperion Asset Management Ltd 7.98% of their portfolio | 329.3k $252.7m | Reduced -30.2k |
| SCGE MANAGEMENT, L.P. 5.25% of their portfolio | 326.0k $250.2m | New |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 2.37% of their portfolio | 324.3k $248.9m | Added +17.6k |
| Russell Investments Group, Ltd. 0.30% of their portfolio | 307.1k $235.9m | Reduced -122.4k |
| Allianz Asset Management GmbH 0.31% of their portfolio | 305.1k $234.1m | Added +104.5k |
| CITIGROUP INC 0.16% of their portfolio | 296.9k $227.8m | Added +75.4k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.40% of their portfolio | 292.1k $224.1m | Added +30.1k |
| AGF MANAGEMENT LTD 1.00% of their portfolio | 287.2k $220.4m | Added +700 |
| Bridgewater Associates, LP 0.88% of their portfolio | 283.9k $217.8m | Added +236.3k |
| Trivest Advisors Ltd 8.37% of their portfolio | 280.7k $215.4m | Added +152.7k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 1.96% of their portfolio | 273.0k $209.5m | New |
| ALLIANCEBERNSTEIN L.P. 0.07% of their portfolio | 271.8k $208.5m | Added +32.1k |
| California Public Employees Retirement System 0.13% of their portfolio | 269.8k $207.0m | Added +22.6k |
| BARCLAYS PLC 0.08% of their portfolio | 267.8k $205.5m | Reduced -83.4k |
| TD Asset Management Inc 0.17% of their portfolio | 263.2k $202.0m | Reduced -3.0k |
| PRIMECAP MANAGEMENT CO/CA/ 0.16% of their portfolio | 256.9k $197.1m | Reduced -949 |
| Allspring Global Investments Holdings, LLC 0.30% of their portfolio | 249.9k $180.5m | Reduced -6.3k |
| Perpetual Ltd 2.20% of their portfolio | 244.3k $187.5m | Reduced -114.2k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 234.3k $179.8m | Added +9.1k |
| Amova Asset Management Americas, Inc. 1.75% of their portfolio | 228.2k $175.0m | Reduced -36.7k |
| AQR CAPITAL MANAGEMENT LLC 0.14% of their portfolio | 227.7k $173.2m | Reduced -75.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.23% of their portfolio | 223.8k $171.7m | Reduced -42.9k |
| BANK OF MONTREAL /CAN/ 0.09% of their portfolio | 222.9k $171.0m | Reduced -1.5k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.67% of their portfolio | 222.8k $171.0m | Reduced -258.1k |
| Styrax Capital, LP 11.47% of their portfolio | 210.1k $161.2m | Reduced -5.0k |
| TWO SIGMA ADVISERS, LP 0.33% of their portfolio | 207.2k $159.0m | Reduced -242.5k |
| DAVENPORT & Co LLC 0.88% of their portfolio | 206.8k $158.9m | Added +517 |
| Thrivent Financial for Lutherans 0.35% of their portfolio | 206.4k $158.4m | Added +31.9k |
| KPS Global Asset Management UK Ltd 20.38% of their portfolio | 200.0k $153.5m | Unchanged |