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
↓ -41
Streak
2Q ▼
Buyers last Q
52%

Smart Money Signals — SPOT

Based on 1275 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, 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 (95% of max)

95% of all-time peak
1,275 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.
📶

Steady growth — +11% more funds vs a year ago

fund count last 6Q
+124 new funds entered over the past year (+11% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 52% buying

747 buying680 selling
Last quarter: 747 funds bought or added vs 680 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~214 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 274 → 182 → 211 → 214. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

46% of holders stayed for 2+ years

■ 46% conviction (2yr+) ■ 31% medium ■ 23% new
586 out of 1,275 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 -19%

Value
-18%
Shares
-1%
Last quarter: funds added -1% more shares while total portfolio value only changed -19%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~214 new funds/quarter

223 → 274 → 182 → 211 → 214 new funds/Q
New funds entering each quarter: 274 → 182 → 211 → 214. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 51% veterans vs 31% newcomers

■ 51% veterans ■ 18% 1-2yr ■ 31% new
Entry-cohort mix of 1,351 holders: 688 (51%) are 2+ year veterans, 249 entered 1–2 years ago, and 414 (31%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 52% AUM from top-100 funds

52% from top-100 AUM funds
70 of 1269 holders are among the 100 largest funds by AUM, controlling 52% 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.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — 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.

Institutional Sentiment Summary — SPOT

In 2026 Q1, 747 hedge funds were net buyers of SPOT (214 opened a new position, 533 added to an existing one), while 680 reduced or exited (425 trimmed, 255 sold completely) — a 52% buyer ratio, indicating a slight buying edge. Net selling has persisted for two consecutive quarters. 52% of total institutional value in SPOT is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -41 funds (more exits than new entries). Total institutional holders: 1275.

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.

Is It Too Late to Buy Spotify Technology S A (SPOT) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much SPOT has moved relative to its sector benchmark (XLC) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 74d ago
SPOT
-0.6%
XLC
+1.1%

SPOT outperformed XLC by -1.7% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 29d ago
SPOT
+10.3%
XLC
-3.4%

Since the filing became public, SPOT outperformed XLC by +13.7% .

Interpretation: The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference. Learn more →

Smart Money Signal ?
Strong Institutional Conviction

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

73 top-rated funds 33 high-conviction
Consensus
8.1
/ 10
breadth
×
Elite
6.8
/ 10
conviction
Hedge Fund Positioning: SPOT
1K + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 1268 1316 -3.65%
13F Shares 146M 148M -1.27%
Total Value $67.56B $83.23B -18.83%
New Positions 212 211 +1
Increased Positions 517 430 +87
Closed Positions 260 233 +27
Reduced Positions 395 521 -126
Total Calls 37 32 15.62%
Total Puts 44 39 12.82%
PUT/CALL Ratio 1.19 1.22 Neutral

Statistics: SPOT

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Valuation Measures Data as of: --

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Beta (5Y Monthly) --
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Short % of Float --

Financial Highlights

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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.

QUARTER:
Top 25 SPOT holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Technology Crossover Management XI, Ltd. 83.37% 1,000,000 $484.9M
2 Islander Capital Partners, L.P. 16.18% 102,700 $49.8M
3 KPS Global Asset Management UK Ltd 11.75% 150,000 $72.7M
4 Sycale Advisors (NY) LLC 10.33% 42,731 $20.7M
5 Atalan Capital Partners, LP 10.26% 229,550 $111.3M
6 Trivium Point Advisory, LLC 8.67% 98,896 $48.0M
7 Spark Investment Management LLC 8.16% 7,000 $3.4M
8 Totem Point Management, LLC 7.78% 12,576 $6.1M
9 Long Walk Management LP 7.70% 54,575 $26.5M
10 Hudson Way Capital Management LLC 7.24% 156,161 $75.7M
11 Privium Fund Management B.V. 6.76% 67,000 $32.5M
12 Palestra Capital Management LLC 6.58% 347,943 $168.7M
13 Rivermont Capital Management LP 6.52% 63,868 $31.0M
14 Gavilan Investment Partners LLC 6.45% 49,500 $24.0M
15 Soma Equity Partners LP 6.05% 169,283 $82.1M
16 Exane Asset Management 5.81% 50,938 $28.4M
17 Emmett Investment Management, LP 5.44% 15,143 $7.1M
18 Once Capital Management, LLC 5.20% 40,100 $19.4M
19 Forsta Ap-Fonden 5.10% 1,474,412 $856.2M
20 Styrax Capital, LP 5.08% 150,000 $72.7M
21 Montaka Global Pty Ltd 4.57% 15,765 $7.6M
22 FACT Capital, LP 4.43% 13,754 $6.7M
23 Tremblant Capital Group 4.38% 280,445 $136.0M
24 Accuvest Global Advisors 4.19% 9,256 $4.5M
25 Benchstone Capital Management LP 4.14% 73,428 $35.6M
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 — 2 quarters in a row: For 2 consecutive quarters, 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?

Slight buying edge — 52% buying: Last quarter: 747 funds bought or added vs 680 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for SPOT holders?

Elite ownership — 52% AUM from top-100 funds: 70 of 1269 holders are among the 100 largest funds by AUM, controlling 52% 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?

46% of holders stayed for 2+ years: 586 out of 1,275 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.

Is it too late to buy Spotify Technology S A (SPOT) following the 2026 Q1 hedge fund 13F filings?

As of today, SPOT has moved +10.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to -3.4% for the XLC sector ETF — an outperformance of +13.7%. Since the quarter end (March 31, 2026), SPOT has gained -0.6% vs +1.1% for XLC. The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference.

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.

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