Spotify Technology

SPOT • NYSE

Spotify Technology is a internet content & information company in the communication services sector on NYSE, led by Daniel Ek, with a market cap of $115.50B. As of Q3 2025, 64% of shares are held by 1,312 institutional investors, with BlackRock, Inc. as the largest holder at 5.86%.

CEODaniel Ek

Market Cap$115.50B

Internet Content & Information

Communication Services

Employees7.4K

Websitespotify.com

Overview

Overview of institutional ownership in SPOT as of Q3 2025 with a market cap of $143.63B

All Institutions

Institutions: 1,312
Value Held: $92.4B
Shares Held: 132.2M
Avg Position: $70.4M
Median Position: $1.6M

Hedge Funds

Hedge Funds: 131
Value Held: $8.2B
Shares Held: 11.8M
Avg Position: $62.6M
Median Position: $11.4M

Ownership Breakdown

Institutional (non-HF)

58.61%

$84.2B

Hedge Funds

5.71%

$8.2B

Retail & Other

35.68%

$51.2B

Based on market cap of $143.63B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in SPOT as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$8.4B 0.15% of portfolio	5.86% 12.1M shares	Q2 2018 Held for 7y 5m	$5.67T
B BAILLIE GIFFORD & CO Institution	-	$6.1B 4.50% of portfolio	4.23% 8.7M shares	Q2 2018 Held for 7y 5m	$134.80B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$4.7B 0.29% of portfolio	3.29% 6.8M shares	Q2 2018 Held for 7y 5m	$1.65T
FMR LLC Institution	-	$3.6B 0.19% of portfolio	2.54% 5.2M shares	Q2 2018 Held for 7y 5m	$1.92T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$3.2B 0.11% of portfolio	2.25% 4.6M shares	Q4 2018 Held for 6y 11m	$2.88T
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	Robert W Sharps President	$2.6B 0.28% of portfolio	1.81% 3.7M shares	Q2 2018 Held for 7y 5m	$912.31B
WCM INVESTMENT MANAGEMENT/CA Long Only Manager	Mike Brady Trigg CEO	$2.4B 5.08% of portfolio	1.63% 3.4M shares	Q2 2024 Held for 1y 5m	$48.1B
JENNISON ASSOCIATES LLC Long Only Manager	Jeffrey Todd Becker CEO	$2.2B 1.26% of portfolio	1.50% 3.1M shares	Q4 2024 Held for 11 months	$171.73B
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	Edward Murray Maloney CEO	$2.0B 0.63% of portfolio	1.42% 2.9M shares	Q2 2023 Held for 2y 5m	$322.72B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$2.0B 0.13% of portfolio	1.36% 2.8M shares	Q2 2018 Held for 7y 5m	$1.56T

Net Capital Flow

Institutional buying and selling activity for SPOT in Q3 2025

Net Flow: −$3.4B
Buyers: 592
Sellers: 543
Total Bought: +$7.7B
Total Sold: −$11.1B
Avg Position: $69.4M

Biggest Buyers

Institution	Net Bought	Current Position
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	+$829.7M +1.2M shares	$2.6B 3.7M shares
C Capital World Investors Institution	+$551.3M +789.8K shares	$1.9B 2.7M shares
PRINCIPAL FINANCIAL GROUP INC Institution	+$387.9M +555.8K shares	$398.9M 571.5K shares
GOLDMAN SACHS GROUP INC Institution	+$360.5M +516.5K shares	$1.3B 1.8M shares
ALLIANCEBERNSTEIN L.P. Long Only Manager	+$298.9M +428.2K shares	$488.6M 699.9K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$233.7M +334.9K shares	$252.8M 362.1K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	+$233.3M +334.3K shares	$233.3M 334.3K shares
Artisan Partners Limited Partnership Long Only Manager	+$206.5M +295.9K shares	$656.4M 940.5K shares
B BROWN ADVISORY INC RIA/Wealth	+$184.3M +264.0K shares	$437.5M 626.8K shares
SAMLYN CAPITAL, LLC Hedge Fund•Multi-Strategy	+$181.7M +260.4K shares	$181.7M 260.4K shares

Biggest Sellers

Institution	Net Sold	Current Position
JPMORGAN CHASE & CO Institution	−$1.7B −2.5M shares	$2.0B 2.8M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$1.0B −1.5M shares	$58.7M 84.1K shares
B BAILLIE GIFFORD & CO Institution	−$651.6M −933.6K shares	$6.1B 8.7M shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	−$640.3M −917.3K shares	$656.8M 941.0K shares
FMR LLC Institution	−$603.3M −864.3K shares	$3.6B 5.2M shares
JENNISON ASSOCIATES LLC Long Only Manager	−$573.4M −821.5K shares	$2.2B 3.1M shares
A AMF Pensionsforsakring AB Institution	−$293.2M −420.0K shares	$404.1M 578.9K shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	−$277.5M −397.5K shares	$2.0B 2.9M shares
BANK OF AMERICA CORP /DE/ Institution	−$249.9M −358.0K shares	$1.6B 2.3M shares
Invesco Ltd. ETF Provider	−$238.1M −341.1K shares	$777.1M 1.1M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited SPOT in Q3 2025

New Positions: 94
New Value: $311.3M
Exited Positions: 132
Exited Value: $1.0B

New Positions

Institution	Position Value
F Findlay Park Partners LLP Institution	$84.4M 120.9K shares
Visualize Group LP Hedge Fund•Multi-Strategy	$29.7M 42.6K shares
DOCK STREET ASSET MANAGEMENT INC RIA/Wealth	$22.3M 32.0K shares
AMI ASSET MANAGEMENT CORP Long Only Manager	$18.8M 27.0K shares
F FRANKLIN STREET ADVISORS INC /NC RIA/Wealth	$15.4M 22.0K shares
H Hidden Lake Asset Management LP Hedge Fund•Long/Short	$11.4M 16.3K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$11.2M 16.1K shares
R ROBECOSAM AG Institution	$9.4M 13.5K shares
G Greenwoods Asset Management Hong Kong Ltd. Institution	$9.2M 13.2K shares
Spence Asset Management RIA/Wealth	$9.0M 12.9K shares

Exited Positions

Institution	Previous Position
Bridgewater Associates, LP Hedge Fund•Global Macro	$217.8M 283.9K shares
Trivest Advisors Ltd Institution	$215.4M 280.7K shares
G GREAT WEST LIFE ASSURANCE CO /CAN/ Institution	$137.0M 178.6K shares
Clearbridge Investments, LLC Long Only Manager	$120.8M 157.4K shares
GQG Partners LLC Long Only Manager	$58.2M 75.8K shares
Oribel Capital Management, LP Hedge Fund•Long/Short	$36.8M 48.0K shares
W WT Asset Management Ltd Institution	$26.7M 34.8K shares
Aperture Investors, LLC Hedge Fund•Multi-Strategy	$19.8M 25.8K shares
Generate Investment Management Ltd Hedge Fund•Credit Arb	$15.7M 20.5K shares
S Stony Point Capital LLC Hedge Fund•Long/Short	$15.7M 20.5K shares

Options Activity

Institutions with the largest Call and Put options positions in SPOT as of Q3 2025

Call Positions: 41
Call Value: $4.9B
Put Positions: 46
Put Value: $4.6B

Call Positions

Institution	Position Value
J JANE STREET GROUP, LLC Institution	$1.3B 18.1K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.2B 17.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$810.0M 11.6K contracts
D DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Institution	$235.2M 3.4K contracts
W WOLVERINE TRADING, LLC Institution	$205.6M 2.8K contracts
D D. E. Shaw & Co., Inc. Institution	$174.0M 2.5K contracts
BANK OF AMERICA CORP /DE/ Institution	$156.6M 2.2K contracts
Walleye Trading LLC RIA/Wealth	$128.2M 1.8K contracts
P PEAK6 LLC Institution	$104.0M 1.5K contracts
UBS Group AG Institution	$103.0M 1.5K contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.4B 19.4K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$746.4M 10.7K contracts
J JANE STREET GROUP, LLC Institution	$729.9M 10.5K contracts
GOLDMAN SACHS GROUP INC Institution	$390.8M 5.6K contracts
D D. E. Shaw & Co., Inc. Institution	$175.0M 2.5K contracts
W WOLVERINE TRADING, LLC Institution	$148.1M 2.0K contracts
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$139.9M 2.0K contracts
Walleye Trading LLC RIA/Wealth	$135.4M 1.9K contracts
SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC Hedge Fund•Long/Short	$103.0M 1.5K contracts
B BNP PARIBAS ARBITRAGE, SA Institution	$95.3M 13.7 contracts

Most Committed Institutions

Institutions with SPOT as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
T Technology Crossover Management XI, Ltd. Institution	-	71.41% $698.0M	0.49% 1.0M shares	Q1 2023 Held for 2y 8m	$977.4M
K KPS Global Asset Management UK Ltd Institution	-	17.47% $137.9M	0.10% 197.5K shares	Q4 2019 Held for 5y 11m	$789.0M
Spark Investment Management LLC Hedge Fund•Multi-Strategy	Glenn Elliot Dropkin CCO	12.37% $4.9M	0.00% 7.0K shares	Q3 2020 Held for 5y 2m	$39.5M
P Privium Fund Management B.V. Institution	-	11.92% $66.3M	0.05% 95.0K shares	Q4 2021 Held for 3y 11m	$556.3M
S Styrax Capital, LP Hedge Fund•Long/Short	Soly Vahabzadeh President	10.78% $146.6M	0.10% 210.1K shares	Q2 2024 Held for 1y 5m	$1.4B
Visualize Group LP Hedge Fund•Multi-Strategy	Chukudi Melvin Ike Managing Partner	9.95% $29.7M	0.02% 42.6K shares	Q3 2025 Held for 2 months	$298.6M
Totem Point Management, LLC Hedge Fund•Long/Short	Neal Nathani Managing Partner	8.74% $10.2M	0.01% 14.6K shares	Q1 2024 Held for 1y 8m	$116.4M
K Katamaran Capital LLP Institution	-	7.89% $8.7M	0.01% 12.4K shares	Q4 2024 Held for 11 months	$109.6M
Once Capital Management, LLC Hedge Fund•Long/Short	Tommaso Nmn Iaquinta Managing Partner	7.60% $28.0M	0.02% 40.1K shares	Q4 2021 Held for 3y 11m	$368.5M
R Rivermont Capital Management LP Hedge Fund•Long/Short	Frank Rosser Gough Managing Partner	7.15% $27.1M	0.02% 38.8K shares	Q4 2024 Held for 11 months	$378.6M

Hedge Fund Spotlight

Discover hedge funds investing in SPOT

ARMISTICE CAPITAL, LLC

Hedge Fund • Long/Short

Portfolio ManagerSteven Joseph Boyd

Portfolio Value: $3.2B
Positions: 313
Last Reported: Q3 2025

Sector Allocation

Position in Spotify Technology

Market Value: $1.6M
Shares Held: 2.3K
Portfolio Weight: 0.05%
Owned Since: 2024-Q4

Top Holding	Sector	Market Value	Weight
1 PTC Therapeutics PTCT	Biotechnology Healthcare	$201.1M	6.38%
2 Travere Therapeutics, Inc. TVTX	Biotechnology Healthcare	$160.7M	5.10%
3 Supernus Pharmaceuticals SUPN	Drug Manufacturers - Specialty & Generic Healthcare	$135.5M	4.30%