SPOTIFY TECHNOLOGY S A

Ticker: SPOT CUSIP: L8681T102 Class: Com

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (134)

Atalan Capital Partners, LP
Value ($000) $92,588 Shares 159,440
Arrow Capital Management, LLC
Value ($000) $6,951 Shares 11,970
D1 Capital Partners L.P.
Value ($000) $229,903 Shares 395,900
ACT CAPITAL MANAGEMENT, LLC
Value ($000) $2,323 Shares 4,000
Anomaly Capital Management, LP
Value ($000) $51,096 Shares 87,988
GENERATION INVESTMENT MANAGEMENT LLP
Value ($000) $193,338 Shares 332,933
KENSICO CAPITAL MANAGEMENT CORP
Value ($000) $79,499 Shares 136,900
MAPLELANE CAPITAL, LLC
Value ($000) $36,875 Shares 63,500
Benchstone Capital Management LP
Value ($000) $10,318 Shares 17,768
OCCUDO QUANTITATIVE STRATEGIES LP
Value ($000) $15,082 Shares 25,972
Nippon Life Global Investors Americas, Inc.
Value ($000) $24,384 Shares 41,990
Boston Common Asset Management, LLC
Value ($000) $18,629 Shares 32,080
Third Point LLC
Value ($000) $58,071 Shares 100,000
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
Value ($000) $406 Shares 700
Laidlaw Wealth Management LLC
Value ($000) $258 Shares 444
UNTITLED INVESTMENTS LP
Value ($000) $2,226 Shares 3,833
Select Equity Group, L.P.
Value ($000) $97,191 Shares 167,366
FORA Capital, LLC
Value ($000) $3,847 Shares 6,624
Carroll Investors, Inc
Value ($000) $1,136 Shares 1,957
Generate Investment Management Ltd
Value ($000) $9,679 Shares 16,667

Increased Positions (408)

Sycale Advisors (NY) LLC
Value ($000) $20,949 (+57.8%) Shares 36,075 (+89.6%)
Totem Point Management, LLC
Value ($000) $11,809 (+16.2%) Shares 20,336 (+39.6%)
TREMBLANT CAPITAL GROUP
Value ($000) $140,212 (+168.5%) Shares 241,449 (+222.7%)
STEADFAST CAPITAL MANAGEMENT LP
Value ($000) $202,032 (+87.4%) Shares 347,906 (+125.2%)
XN LP
Value ($000) $176,885 (+14.6%) Shares 304,602 (+37.8%)
COATUE MANAGEMENT LLC
Value ($000) $1,423,251 (+13.1%) Shares 2,450,881 (+35.9%)
Shellback Capital, LP
Value ($000) $40,650 (+5.4%) Shares 70,000 (+26.7%)
Rivermont Capital Management LP
Value ($000) $29,508 (+9.0%) Shares 50,814 (+31.1%)
MANE GLOBAL CAPITAL MANAGEMENT LP
Value ($000) $52,102 (+20.5%) Shares 89,722 (+44.8%)
Tairen Capital Ltd
Value ($000) $19,802 (+180.9%) Shares 34,100 (+237.6%)
Hudson Way Capital Management LLC
Value ($000) $34,596 (+25.0%) Shares 59,575 (+50.2%)
LONG WALK MANAGEMENT LP
Value ($000) $13,531 (+8.9%) Shares 23,300 (+30.9%)
Coronation Fund Managers Ltd.
Value ($000) $41,894 (+158.6%) Shares 72,142 (+210.8%)
Accuvest Global Advisors
Value ($000) $4,355 (+1.3%) Shares 7,500 (+21.8%)
RPg Family Wealth Advisory, LLC
Value ($000) $11,038 (+30.6%) Shares 19,008 (+57.0%)
Exane Asset Management
Value ($000) $7,471 (-9.4%) Shares 10,956 (+8.9%)
Emmett Investment Management, LP
Value ($000) $8,402 (-15.9%) Shares 14,613 (+2.5%)
VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V.
Value ($000) $244,835 (+7.3%) Shares 421,613 (+28.9%)
FERNBRIDGE CAPITAL MANAGEMENT LP
Value ($000) $43,745 (+6.0%) Shares 75,330 (+27.4%)
FORSTA AP-FONDEN
Value ($000) $856,206 (-15.8%) Shares 1,474,412 (+1.2%)

Decreased Positions (483)

Styrax Capital, LP
Value ($000) $65,761 (-55.1%) Shares 113,242 (-46.1%)
KPS Global Asset Management UK Ltd
Value ($000) $87,107 (-36.8%) Shares 150,000 (-24.1%)
Privium Fund Management B.V.
Value ($000) $39,488 (-40.4%) Shares 68,000 (-28.4%)
MSA Advisors, LLC
Value ($000) $2,483 (-83.3%) Shares 4,275 (-79.9%)
Visualize Group LP
Value ($000) $19,370 (-34.8%) Shares 33,356 (-21.7%)
MARSICO CAPITAL MANAGEMENT LLC
Value ($000) $13,867 (-87.3%) Shares 23,879 (-84.7%)
Geneva Partners, LLC
Value ($000) $2,070 (-75.9%) Shares 3,564 (-71.0%)
WCM INVESTMENT MANAGEMENT, LLC
Value ($000) $1,416,168 (-42.0%) Shares 2,455,726 (-26.8%)
Liontrust Investment Partners LLP
Value ($000) $134,484 (-50.7%) Shares 231,585 (-40.8%)
Bosman Wealth Management, LLC
Value ($000) $1,179 (-69.3%) Shares 2,030 (-63.1%)
CIM, LLC
Value ($000) $12,172 (-54.0%) Shares 20,961 (-44.7%)
Katamaran Capital LLP
Value ($000) $6,463 (-25.3%) Shares 11,130 (-10.2%)
AXIOM INVESTORS LLC /DE
Value ($000) $136,717 (-61.9%) Shares 235,431 (-54.3%)
AMF Tjanstepension AB
Value ($000) $290,355 (-28.1%) Shares 500,000 (-13.6%)
Hyperion Asset Management Ltd
Value ($000) $194,461 (-23.8%) Shares 334,868 (-8.4%)
Munro Partners
Value ($000) $3,699 (-94.9%) Shares 6,370 (-93.8%)
One Madison Group LLC
Value ($000) $22,648 (-35.1%) Shares 39,000 (-22.0%)
OSTRUM ASSET MANAGEMENT
Value ($000) $1,588 (-95.8%) Shares 2,734 (-95.0%)
Science & Technology Partners, L.P.
Value ($000) $6,092 (-38.4%) Shares 10,490 (-26.0%)
OPTIMAS CAPITAL Ltd
Value ($000) $1,487 (-56.5%) Shares 2,560 (-47.8%)

Exited Positions (202)

SCGE MANAGEMENT, L.P.
Value ($000) $259,377 Shares 371,600
SQUARE PEG CAPITAL PTY LTD
Value ($000) $7,832 Shares 11,220
Steadview Capital Management LLC
Value ($000) $30,586 Shares 43,820
Atika Capital Management LLC
Value ($000) $43,883 Shares 62,870
Gunderson Capital Management Inc.
Value ($000) $8,651 Shares 12,394
JAG CAPITAL MANAGEMENT, LLC
Value ($000) $24,505 Shares 35,108
Absoluto Partners Gestao de Recursos Ltda
Value ($000) $3,695 Shares 5,293
Main Street Research LLC
Value ($000) $35,195 Shares 50,422
Junto Capital Management LP
Value ($000) $85,968 Shares 123,163
Meridiem Capital Partners LP
Value ($000) $28,092 Shares 40,246
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P.
Value ($000) $175,632 Shares 251,622
SCOPUS ASSET MANAGEMENT, L.P.
Value ($000) $116,723 Shares 167,225
Williamson Legacy Group, LLC
Value ($000) $2,196 Shares 3,146
Hidden Lake Asset Management LP
Value ($000) $11,407 Shares 16,343
Spence Asset Management
Value ($000) $9 Shares 12,914
RIPOSTE CAPITAL LLC
Value ($000) $6,980 Shares 10,000
Avala Global LP
Value ($000) $28,827 Shares 41,300
ODDO BHF ASSET MANAGEMENT SAS
Value ($000) $30,843 Shares 44,188
MONETTA FINANCIAL SERVICES INC
Value ($000) $1,815 Shares 2,600
Hodges Capital Management Inc.
Value ($000) $13,129 Shares 18,810