Which funds own SPOT
Spotify Technology S A in the Q2 2026 filings. At least 23 of the 91 current managers on file reported a position, worth $12.2bn between them. At least a fifth of the current managers on file hold it, which is a crowd without being the whole market. The quarter went the other way: 17 managers trimmed or sold out against 12 buying.
- Managers holding
- 23
- at least, of 91 current
- Combined value
- $12.2bn
- as reported
- Opened
- 2
- new this quarter
- Added to
- 10
- already held
- Trimmed or sold out
- 17
- 7 sold out entirely
Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.
Managers reporting a position
Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.
| Manager | Value | Weight | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| Baillie Gifford & Co Long-only · $110bn book | $3.6bn | 3.3% | 7,928,451 | -$345m-289,752 | Trimmed |
| T. Rowe Price Associates Inc Long-only · $999bn book | $1.7bn | 0.2% | 3,596,492 | -$581m-1,007,347 | Trimmed |
| Wellington Management Group LLP Long-only · $580bn book | $1.4bn | 0.2% | 3,111,553 | -$181m-208,285 | Trimmed |
| MFS Investment Management Long-only · $315bn book | $990m | 0.3% | 2,133,009 | -$21m+73,031 | Added |
| Janus Henderson Group Ltd Long-only · $245bn book | $929m | 0.4% | 2,022,091 | +$99m+311,076 | Added |
| Artisan Partners LP Long-only · $63.1bn book | $623m | 1.0% | 1,356,543 | -$11m+50,496 | Added |
| Coatue Management LLC Long/short equity · $48.6bn book | $602m | 1.2% | 1,310,632 | -$39m-10,282 | Trimmed |
| Tiger Global Management LLC Long/short equity · $24.0bn book | $538m | 2.2% | 1,171,427 | -$229m-409,334 | Trimmed |
| Point72 Asset Management LP Multi-strategy · $90.7bn book | $388m | 0.4% | 845,042 | -$56m-71,075 | Trimmed |
| D1 Capital Partners LP Long/short equity · $34.8bn book | $261m | 0.8% | 568,855 | +$96m+228,361 | Added |
| Neuberger Berman Group LLC Long-only · $150bn book | $260m | 0.2% | 565,401 | +$3.8m+37,882 | Added |
| Balyasny Asset Management LLC Multi-strategy · $80.2bn book | $243m | 0.3% | 529,501 | +$84m+200,798 | Added |
| ValueAct Holdings LP Activist · $5.6bn book | $242m | 4.3% | 526,800 | +$68m+168,300 | Added |
| Acadian Asset Management LLC Quantitative · $84.2bn book | $90m | 0.1% | 195,036 | +$65m+145,238 | Added |
| Man Group PLC Quantitative · $62.7bn book | $86m | 0.1% | 186,492 | -$33m-57,070 | Trimmed |
| Schonfeld Strategic Advisors LLC Multi-strategy · $27.9bn book | $64m | 0.2% | 138,351 | +$37m+83,652 | Added |
| Polen Capital Management LLC Long-only · $11.6bn book | $38m | 0.3% | 81,578 | -$15m-25,851 | Trimmed |
| ARK Investment Management LLC Long-only · $15.4bn book | $35m | 0.2% | 75,108 | +$1.6m+7,330 | Added |
| Davidson Kempner Capital Management LP Long/short equity · $8.4bn book | $30m | 0.4% | 65,000 | opened65,000 | New |
| Walleye Capital LLC Multi-strategy · $28.0bn book | $25m | 0.1% | 54,405 | -$65m-131,560 | Trimmed |
| Winton Group Ltd Quantitative · $3.1bn book | $14m | 0.5% | 31,421 | opened31,421 | New |
| Markel Group Inc Activist · $13.1bn book | $12m | 0.1% | 25,900 | -$700k0 | Held |
| Steadfast Capital Management LP Long/short equity · $3.3bn book | $11m | 0.3% | 24,100 | -$27m-54,368 | Trimmed |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Arrowstreet Capital LP · Quantitative$146m held before
- Capital Research Global Investors · Long-only$127m held before
- Rokos Capital Management LLP · Macro$44m held before
- Hudson Bay Capital Management LP · Multi-strategy$34m held before
- Lone Pine Capital LLC · Long/short equity$33m held before
- Moore Capital Management LP · Macro$9.4m held before
- Maverick Capital Ltd · Long/short equity$700k held before
Ownership through time
At least 33 of the 95 managers whose filings are on file listed SPOT in Q2 2026, against 23 in Q2 2018. 8 managers fewer than in Q1 2026: 3 started positions; 5 sold out, by their own filings; 6 no longer listed it among the positions read, which can mean a holding below the listed range, a filing that reported no holdings, or a filing not yet made.
Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.
- Q2 2018: 23
- Q3 2018: 22
- Q4 2018: 23
- Q1 2019: 15
- Q2 2019: 20
- Q3 2019: 21
- Q4 2019: 15
- Q1 2020: 18
- Q2 2020: 17
- Q3 2020: 15
- Q4 2020: 14
- Q1 2021: 15
- Q2 2021: 15
- Q3 2021: 21
- Q4 2021: 25
- Q1 2022: 21
- Q2 2022: 22
- Q3 2022: 19
- Q4 2022: 22
- Q1 2023: 23
- Q2 2023: 38
- Q3 2023: 30
- Q4 2023: 32
- Q1 2024: 38
- Q2 2024: 45
- Q3 2024: 48
- Q4 2024: 39
- Q1 2025: 37
- Q2 2025: 35
- Q3 2025: 38
- Q4 2025: 46
- Q1 2026: 41
- Q2 2026: 33
- Q2 2018: $6.8bn
- Q3 2018: $8.0bn
- Q4 2018: $5.5bn
- Q1 2019: $5.4bn
- Q2 2019: $5.2bn
- Q3 2019: $4.0bn
- Q4 2019: $7.0bn
- Q1 2020: $5.7bn
- Q2 2020: $12.5bn
- Q3 2020: $10.5bn
- Q4 2020: $14.2bn
- Q1 2021: $12.4bn
- Q2 2021: $12.0bn
- Q3 2021: $11.6bn
- Q4 2021: $12.6bn
- Q1 2022: $7.5bn
- Q2 2022: $4.8bn
- Q3 2022: $4.0bn
- Q4 2022: $3.5bn
- Q1 2023: $6.3bn
- Q2 2023: $8.0bn
- Q3 2023: $7.8bn
- Q4 2023: $9.5bn
- Q1 2024: $13.9bn
- Q2 2024: $16.3bn
- Q3 2024: $20.5bn
- Q4 2024: $18.4bn
- Q1 2025: $21.1bn
- Q2 2025: $28.6bn
- Q3 2025: $26.9bn
- Q4 2025: $22.4bn
- Q1 2026: $15.4bn
- Q2 2026: $13.2bn
Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.
Started in Q2 2026
Largest increases, by shares
- Janus Henderson Group Ltd1,711,015 to 2,022,091 shares+$143m
- D1 Capital Partners LP340,494 to 568,855 shares+$105m
- Balyasny Asset Management LLC328,703 to 529,501 shares+$92m
- ValueAct Holdings LP358,500 to 526,800 shares+$77m
- Acadian Asset Management LLC49,798 to 195,036 shares+$67m
Largest decreases, by shares
- T. Rowe Price Associates Inc4,603,839 to 3,596,492 shares-$463m
- Tiger Global Management LLC1,580,761 to 1,171,427 shares-$188m
- Baillie Gifford & Co8,218,203 to 7,928,451 shares-$133m
- Citadel Advisors LLC809,008 to 567,691 shares-$111m
- Wellington Management Group LLP3,319,838 to 3,111,553 shares-$96m
Left it
- Arrowstreet Capital LPwas $146m
- Capital Research Global Investorswas $127m
- Rokos Capital Management LLPwas $44m
- Lone Pine Capital LLCwas $33m
- Maverick Capital Ltdwas $694k
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Baillie Gifford & Co | Q2 2018 | $7.4bn | $3.6bn | |
| T. Rowe Price Associates Inc | Q3 2019 | $4.5bn | $1.7bn | |
| Wellington Management Group LLP | Q2 2018 | $1.6bn | $1.4bn | |
| MFS Investment Management | Q3 2018 | $2.5bn | $990m | |
| Janus Henderson Group Ltd | Q3 2018 | $987m | $929m | |
| Artisan Partners LP | Q2 2018 | $656m | $623m | |
| Coatue Management LLC | Q2 2018 | $1.4bn | $602m | |
| Tiger Global Management LLC | Q2 2018 | $2.3bn | $538m | |
| Capital World Investors | Q4 2018 | $1.9bn | $396m | |
| Point72 Asset Management LP | Q2 2018 | $564m | $388m | |
| D1 Capital Partners LP | Q4 2018 | $261m | $261m | |
| Citadel Advisors LLC | Q3 2018 | $407m | $261m | |
| Neuberger Berman Group LLC | Q2 2018 | $511m | $260m | |
| Balyasny Asset Management LLC | Q2 2018 | $316m | $243m | |
| ValueAct Holdings LP | Q1 2023 | $301m | $242m | |
| Fidelity (FMR LLC) | Q2 2020 | $4.7bn | last listed Q4 2025 | |
| Arrowstreet Capital LP | Q4 2018 | $1.3bn | last listed Q1 2026 | |
| Invesco Ltd | Q2 2024 | $1.1bn | last listed Q4 2025 | |
| Millennium Management LLC | Q4 2020 | $1.0bn | last listed Q1 2026 | |
| Viking Global Investors LP | Q2 2024 | $950m | last listed Q1 2025 | |
| Lone Pine Capital LLC | Q1 2024 | $572m | last listed Q1 2026 | |
| Capital Research Global Investors | Q2 2018 | $512m | last listed Q1 2026 | |
| Jane Street Group LLC | Q2 2024 | $462m | last listed Q3 2024 | |
| Two Sigma Advisers LP | Q3 2021 | $361m | last listed Q4 2025 | |
| Squarepoint Ops LLC | Q1 2019 | $277m | last listed Q1 2026 |
Reported as options rather than shares
A put or a call on a name is not a position in it, and the filing states the notional rather than what the option cost. These lines are listed apart for that reason and are not counted in anything above.
- Susquehanna International Group LLP · puts$1.0bn notional
- Citadel Advisors LLC · calls$804m notional
- Tudor Investment Corp · calls$87m notional
- Brevan Howard Capital Management LP · calls$9.5m notional
What SPOT is worth
Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.
Build the comp set around SPOT →How much of the picture this is
A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.
What to do with a name the funds are buying
Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.
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The holdings, every quarter, and the week between
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