Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

SPOTIFY TECHNOLOGY S A (SPOT)

1K + Investors. Track Smart Money conviction in SPOT. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -28
Streak
1Q ▼
Buyers last Q
46%

Smart Money Signals — SPOT

Based on 1257 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their SPOT positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (98% of max)

98% of all-time peak
1,257 hedge funds hold SPOT right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +24% more funds vs a year ago

fund count last 6Q
+247 new funds entered over the past year (+24% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟠

More sellers than buyers — 46% buying

625 buying748 selling
Last quarter: 748 funds reduced or exited vs 625 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
📈

More new buyers each quarter (+21 vs last Q)

new funds entering per quarter
Funds opening a new SPOT position: 212 → 256 → 176 → 197. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

44% of holders stayed for 2+ years

■ 44% conviction (2yr+) ■ 33% medium ■ 23% new
553 out of 1,257 hedge funds have held SPOT for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +1%, value -40%

Value
-39%
Shares
+0%
Last quarter: funds added +1% more shares while total portfolio value only changed -40%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

229 → 212 → 256 → 176 → 197 new funds/Q
New funds entering each quarter: 212 → 256 → 176 → 197. SPOT is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 51% of holders stayed 2+ years

■ 51% veterans ■ 14% 1-2yr ■ 35% new
Of 1,320 current holders: 668 (51%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 41% AUM from top-100 funds

41% from top-100 AUM funds
49 of 1257 holders are among the 100 largest funds by AUM, controlling 41% of total institutional value in SPOT. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Hedge Fund Ownership: SPOT

How many hedge funds hold SPOT — quarterly history vs. share price
Quarterly hedge fund ownership of SPOT vs. share price

Market Analysis: SPOT

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: SPOT

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Strong Institutional Conviction

Multiple high-quality funds hold meaningful positions with strong conviction.

139 top-rated funds 38 high-conviction
Consensus
9.3
/ 10
breadth
×
Elite
6.8
/ 10
conviction
Hedge Fund Positioning: SPOT
2026 Q1 Stats Unlock in 11 days 1K + Investors

Track Smart Money conviction in SPOT. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 1320 1358 -2.8%
13F Shares 143M 142M 0.52%
Total Value $80.64B $133.43B -39.56%
New Positions 202 180 +22
Increased Positions 532 661 -129
Closed Positions 231 147 +84
Reduced Positions 596 501 +95
Total Calls 32 39 -17.95%
Total Puts 39 42 -7.14%
PUT/CALL Ratio 1.22 1.08 Bearish

Statistics: SPOT

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
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Income Statement & Cash Flow
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Total Cash (mrq) --
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Institutional Holders (2026 Q1)

1K + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in SPOT. Verified SEC 13F-HR filings.

Top 25 institutional holders of SPOT — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Technology Crossover Management XI, Ltd. 83.37% 1,000,000 $484.9M
2 Trivium Point Advisory, LLC 8.67% 98,896 $48.0M
3 Privium Fund Management B.V. 6.76% 67,000 $32.5M
4 Exane Asset Management 5.81% 50,938 $28.4M
5 Once Capital Management, LLC 5.20% 40,100 $19.4M
6 FORSTA AP-FONDEN 5.10% 1,474,412 $856.2M
7 Montaka Global Pty Ltd 4.57% 15,765 $7.6M
8 BAILLIE GIFFORD & CO 4.07% 8,218,203 $3.99B
9 HELIOS CAPITAL MANAGEMENT PTE. LTD 3.83% 7,500 $3.6M
10 SANDS CAPITAL MANAGEMENT, LLC 3.41% 1,794,226 $870.0M
11 PIAR LLC 3.03% 8,020 $3.9M
12 Anthracite Investment Company, Inc. 2.71% 7,000 $5.4M
13 AMI ASSET MANAGEMENT CORP 2.64% 85,418 $41.4M
14 WCM INVESTMENT MANAGEMENT, LLC 2.62% 2,415,077 $1.15B
15 MOUNT VERNON ASSOCIATES INC /MD/ 2.45% 7,140 $3K
16 Katamaran Capital LLP 2.39% 6,123 $3.0M
17 HS Management Partners, LLC 2.26% 13,319 $6.5M
18 David J Yvars Group 1.92% 7,077 $3.4M
19 Bluebird Wealth Management LLC 1.86% 3,754 $1.8M
20 Zweig-DiMenna Associates LLC 1.84% 27,405 $13.3M
21 Malaga Cove Capital, LLC 1.73% 9,955 $4.8M
22 Boston Common Asset Management, LLC 1.64% 52,596 $25.5M
23 Daytona Street Capital LLC 1.63% 4,436 $2.1M
24 AMF Tjanstepension AB 1.61% 500,000 $242.5M
25 Slow Capital, Inc. 1.53% 24,312 $11.8M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — SPOTIFY TECHNOLOGY S A (SPOT)

What does the Smart Money Trend signal show for SPOT?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their SPOT positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for SPOT?

More sellers than buyers — 46% buying: Last quarter: 748 funds reduced or exited vs 625 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for SPOT holders?

Elite ownership — 41% AUM from top-100 funds: 49 of 1257 holders are among the 100 largest funds by AUM, controlling 41% of total institutional value in SPOT. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held SPOT?

44% of holders stayed for 2+ years: 553 out of 1,257 hedge funds have held SPOT for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.