Spotify Technology S.A.
US ˙ NYSE ˙ LU1778762911

SecuritySPOT / Spotify Technology S.A.
InstitutionBrown Advisory Inc
Latest Disclosed Ownership932,151 shares
Latest Disclosed Value $ 452,019,098
Brown Advisory Inc reports 11.67% increase in ownership of SPOT / Spotify Technology S.A.

On May 15, 2026 - Brown Advisory Inc filed a 13F-HR form disclosing ownership of 932,151 shares of Spotify Technology S.A. (US:SPOT) valued at $452,009,341 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 834,718 shares of Spotify Technology S.A.. This represents a change in shares of 11.67% during the quarter. The current value of the position is $454,460,899 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F SPOTIFY TECHNOLOGY S A SHS L8681T102 932,151 97,433 11.67 452,019 -6.75 0.7428
2026-02-13 2025-12-31 13F SPOTIFY TECHNOLOGY S A SHS L8681T102 834,718 207,902 33.17 484,744 10.79 0.6763
2025-11-14 2025-09-30 13F SPOTIFY TECHNOLOGY S A SHS L8681T102 626,816 263,963 72.75 437,538 57.13 0.5696
2025-08-13 2025-06-30 13F SPOTIFY TECHNOLOGY S A SHS L8681T102 362,853 327,667 931.24 278,456 1,338.82 0.3666
2025-04-30 2025-03-31 13F SPOTIFY TECHNOLOGY S A SHS L8681T102 35,186 31,620 886.71 19,353 1,113.35 0.0277
2025-02-14 2024-12-31 13F SPOTIFY TECHNOLOGY S A SHS L8681T102 3,566 2,604 270.69 1,595 350.56 0.0020
2024-11-13 2024-09-30 13F SPOTIFY TECHNOLOGY S A SHS L8681T102 962 203 26.75 355 48.74 0.0004
2024-08-14 2024-06-30 13F SPOTIFY TECHNOLOGY S A SHS L8681T102 759 0 0.00 238 19.00 0.0003
2024-04-24 2024-03-31 13F SPOTIFY TECHNOLOGY S A SHS L8681T102 759 759 200 0.0003
2023-07-31 2023-06-30 13F SPOTIFY TECHNOLOGY S A SHS L8681T102 0 -1,750 -100.00 0 -100.00
2023-05-08 2023-03-31 13F SPOTIFY TECHNOLOGY S A SHS L8681T102 1,750 1,750 234 0.0004
2022-11-14 2022-09-30 13F SPOTIFY TECHNOLOGY S A SHS L8681T102 0 -2,390 -100.00 0 -100.00
2022-11-14 2022-06-30 13F/A-2 SPOTIFY TECHNOLOGY S A SHS L8681T102 2,390 -200 -7.72 225 -42.46 0.0004
2022-09-13 2022-06-30 13F/A-1 SPOTIFY TECHNOLOGY S A SHS L8681T102 2,340 -50 220 0.0004
2022-08-02 2022-06-30 13F SPOTIFY TECHNOLOGY S A SHS L8681T102 13,936 -50 2,934 0.0020
2022-11-14 2022-03-31 13F/A-2 SPOTIFY TECHNOLOGY S A SHS L8681T102 2,590 -38,206 -93.65 391 -95.90 0.0006
2022-09-13 2022-03-31 13F/A-1 SPOTIFY TECHNOLOGY S A SHS L8681T102 2,390 -38,406 361 0.0005
2022-05-09 2022-03-31 13F SPOTIFY TECHNOLOGY S A SHS L8681T102 13,986 -26,810 3,075 0.0042
2022-01-27 2021-12-31 13F SPOTIFY TECHNOLOGY S A SHS L8681T102 40,796 12,275 43.04 9,548 48.56 0.0118
2021-11-12 2021-09-30 13F SPOTIFY TECHNOLOGY S A SHS L8681T102 28,521 26,431 1,264.64 6,427 1,015.80 0.0095
2021-07-29 2021-06-30 13F SPOTIFY TECHNOLOGY S A SHS L8681T102 2,090 -654 -23.83 576 -21.63 0.0009
2021-05-14 2021-03-31 13F SPOTIFY TECHNOLOGY S A SHS L8681T102 2,744 1,054 62.37 735 38.16 0.0013
2021-02-12 2020-12-31 13F SPOTIFY TECHNOLOGY S A SHS L8681T102 1,690 -1,208 -41.68 532 -24.32 0.0009
2020-11-16 2020-09-30 13F SPOTIFY TECHNOLOGY S A SHS L8681T102 2,898 1,225 73.22 703 62.73 0.0015
2020-08-14 2020-06-30 13F SPOTIFY TECHNOLOGY S A SHS L8681T102 1,673 -4,815 -74.21 432 -45.18 0.0010
2020-05-15 2020-03-31 13F SPOTIFY TECHNOLOGY S A SHS L8681T102 6,488 -4,360 -40.19 788 -51.45 0.0024
2020-02-14 2019-12-31 13F SPOTIFY TECHNOLOGY S A SHS L8681T102 10,848 0 0.00 1,623 31.20 0.0041
2019-11-14 2019-09-30 13F SPOTIFY TECHNOLOGY S A SHS L8681T102 10,848 0 0.00 1,237 -22.01 0.0035
2019-08-12 2019-06-30 13F SPOTIFY TECHNOLOGY S A SHS L8681T102 10,848 3,564 48.93 1,586 56.87 0.0045
2019-05-15 2019-03-31 13F SPOTIFY TECHNOLOGY S A SHS L8681T102 7,284 7,284 1,011 0.0029
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.