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Spotify
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546 hedge funds and large institutions have $14.4B invested in Spotify in 2023 Q1 according to their latest regulatory filings, with 124 funds opening new positions, 144 increasing their positions, 165 reducing their positions, and 50 closing their positions.

New
Increased
Maintained
Reduced
Closed

148% more first-time investments, than exits

New positions opened: 124 | Existing positions closed: 50

88% more funds holding in top 10

Funds holding in top 10: 16 → 30 (+14)

72% more capital invested

Capital invested by funds: $8.35B → $14.4B (+$6B)

14% more funds holding

Funds holding: 479 → 546 (+67)

0.64% more ownership

Funds ownership: 54.89% → 55.53% (+0.64%)

8% less call options, than puts

Call options by funds: $618M | Put options by funds: $670M

13% less repeat investments, than reductions

Existing positions increased: 144 | Existing positions reduced: 165

Holders
546
Holders Change
+67
Holders Change %
+13.99%
% of All Funds
8.7%
Holding in Top 10
30
Holding in Top 10 Change
+14
Holding in Top 10 Change %
+87.5%
% of All Funds
0.48%
New
124
Increased
144
Reduced
165
Closed
50
Calls
$618M
Puts
$670M
Net Calls
-$52M
Net Calls Change
-$117M

Top Buyers

1
VH
ValueAct Holdings
California
+$257M
2
SIM
SRS Investment Management
New York
+$252M
3
Citadel Advisors
Citadel Advisors
Florida
+$199M
4
Wellington Management Group
Wellington Management Group
Massachusetts
+$113M
5
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
+$87.9M

Top Sellers

1
UBS Group
UBS Group
Switzerland
-$195M
2
Jennison Associates
Jennison Associates
New York
-$148M
3
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$114M
4
Two Sigma Investments
Two Sigma Investments
New York
-$110M
5
Goldman Sachs
Goldman Sachs
New York
-$80.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
RhumbLine Advisers
76
RhumbLine Advisers
Massachusetts
$21.3M +$944K +8,246 +5%
State Board of Administration of Florida Retirement System
77
State Board of Administration of Florida Retirement System
Florida
$20.4M -$514K -4,490 -3%
GLCM
78
Greenlea Lane Capital Management
Connecticut
$20.4M – – –
New York State Common Retirement Fund
79
New York State Common Retirement Fund
New York
$20.3M -$744K -6,500 -4%
HAM
80
Honeycomb Asset Management
New York
$20M +$17.2M +150,000 New
SC
81
Styrax Capital
New York
$18.5M +$15.8M +138,357 New
PAMP
82
Polar Asset Management Partners
Ontario, Canada
$18.1M +$15.5M +135,800 New
NAMA
83
Nikko Asset Management Americas
New York
$18M -$21.1K -184 -0.1%
CGI
84
Comgest Global Investors
France
$17.2M -$5.15M -45,021 -26%
State of Wisconsin Investment Board
85
State of Wisconsin Investment Board
Wisconsin
$16.1M +$12.7M +110,536 +1,121%
Public Sector Pension Investment Board (PSP Investments)
86
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$16M +$13.7M +120,000 New
Invesco
87
Invesco
Georgia
$15.9M +$188K +1,639 +1%
Capital Fund Management (CFM)
88
Capital Fund Management (CFM)
France
$15.9M +$1.77M +15,461 +15%
Robeco Institutional Asset Management
89
Robeco Institutional Asset Management
Netherlands
$15.2M +$13M +113,405 New
PAM
90
Panagora Asset Management
Massachusetts
$15.1M +$9.34M +81,623 +260%
JGC
91
J. Goldman & Co
New York
$15M -$52.3M -457,106 -80%
Marshall Wace
92
Marshall Wace
United Kingdom
$14.7M +$12.6M +110,344 New
SOMRS
93
State of Michigan Retirement System
Michigan
$14.7M – – –
CSS
94
Cubist Systematic Strategies
Connecticut
$14.1M -$26.9M -234,876 -69%
JCM
95
JAT Capital Management
Connecticut
$14.1M +$12.1M +105,505 New
Barclays
96
Barclays
United Kingdom
$13.5M -$18.8M -164,104 -62%
Royal Bank of Canada
97
Royal Bank of Canada
Ontario, Canada
$13.3M +$3.61M +31,500 +46%
BL
98
BWCP LP
Texas
$12.8M +$11M +95,660 New
BNP Paribas Financial Markets
99
BNP Paribas Financial Markets
France
$12.7M -$9.76M -85,252 -47%
MGCM
100
Mane Global Capital Management
New York
$12.7M +$10.9M +95,351 New
2 3
4
5 6

SPOT Hedge Fund Activity: Q1 2023 in Review

546 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Spotify (SPOT) for Q1 2023, worth a combined $14.4B — up 72% from $8.35B a quarter earlier.

Buyers outnumbered sellers: 124 funds opened new SPOT positions and 50 closed out — a net gain of 74 holders — while 144 added to existing stakes and 165 trimmed.

The largest buyer was ValueAct Holdings, opening a new position worth an estimated $257M. The largest seller was UBS Group, cutting an estimated $195M.

  • 546 institutional investors held Spotify (SPOT) as of Q1 2023, up from 479 in Q4 2022.
  • Funds reported $14.4B of Spotify stock for Q1 2023, up 72% quarter-over-quarter.
  • 124 funds opened new Spotify positions in Q1 2023 and 50 closed out, a net change of +74 holders.
  • The largest Spotify buyer in Q1 2023 was ValueAct Holdings, an estimated $257M added.
  • The largest Spotify seller in Q1 2023 was UBS Group, an estimated $195M sold.

Based on aggregated 13F filings for Q1 2023.