AMF Tjanstepension 13F: Cuts SPOT Stake by $12M
Key Points
- AMF Tjanstepension reduced its Spotify Technology S.A. SPOT position by 25,000 shares, ending the period with 475,000 shares worth about $231,505,500.
- Spotify Technology S.A. recently traded around $568.08, sitting above both its 50-day and 200-day moving averages while carrying a trailing-twelve-month revenue of $18.1 billion.
- Several major firms adjusted their views on the streaming platform recently, while company executives completed routine share sales.
Since the filing, $SPOT is up 0.1% to date (from the $583.66 close on Oct 22, 2026).
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In a Form 13F filing on October 22, 2026, AMF Tjanstepension disclosed a reduction in its Spotify Technology S.A. SPOT holdings, cutting its stake as part of its periodic portfolio adjustments.
SPOT
Spotify Technology S.A.
What Changed in AMF Tjanstepension's Spotify Technology S.A. Position
The institutional investor trimmed its position in Spotify Technology S.A. SPOT by 5.0%, selling 25,000 shares during the period. The fund ended the quarter with 475,000 shares valued at approximately $231,505,500, down from its previous holding of 500,000 shares.
Other Institutional Activity in Spotify Technology S.A.
Other large investors adjusted their stakes in Spotify Technology S.A. SPOT around the same time. Baillie Gifford & Co reduced its holdings by 290,115 shares, ending with 7,928,451 shares worth about $4,627,519,497. Wcm Investment Management, LLC grew its holdings by 425,311 shares, ending with 2,840,477 shares worth about $1,657,872,729. Jennison Associates LLC grew its holdings by 30,568 shares, ending with 2,809,432 shares worth about $1,639,753,005. Fisher Asset Management, LLC grew its holdings by 85,946 shares, ending with 2,674,677 shares worth about $1,561,101,905. Dz Bank Ag Deutsche Zentral Genossenschafts Bank, Frankfurt Am Main grew its holdings by 898,599 shares, ending with 2,463,556 shares worth about $1,437,879,028.
Spotify Technology S.A. Stock Up 11.2%
Spotify Technology S.A. SPOT recently traded around $568.08. That puts the shares up about 8.7% since crossing its 50-day moving average and roughly 14.4% above its 200-day moving average. The stock remains 17.3% below its 52-week high of $686.68, yet stands well above its 52-week low of $405.00.
Recent Earnings
Spotify Technology S.A. SPOT generated trailing-twelve-month revenue of $18,112,994,424 with earnings of $17.40 per share. The audio streaming provider posted a net profit margin of 18.4% and a return on equity of 44.5%.
Insider Buying and Selling at Spotify Technology S.A.
Company insiders executed several share sales over the recent months. Chief Executive Officer Gustav Stig Victor Soderstrom sold 20,833 shares on August 3, 2026, for a total value of $10,567,336. Officer Dustee Jenkins sold 3,810 shares on August 14, 2026, for a total value of $1,954,343. Later, CEO Gustav Stig Victor Soderstrom sold 20,913 shares on September 14, 2026, valued at $11,380,738, and another 20,910 shares on October 12, 2026, valued at $11,085,113.
Analysts Set New Price Targets
Wall Street firms updated their views on the stock ahead of the filing. On October 5, 2026, UBS maintained a Buy rating with a $675.00 price target, down from $690.00. Piper Sandler initiated coverage with a Neutral rating and a $540.00 price target on October 8, 2026. Cantor Fitzgerald maintained a Neutral rating on October 12, 2026, while lowering its price target to $490.00 from $530.00. StoneX downgraded the stock to a Hold rating on October 15, 2026. Rosenblatt maintained a Neutral rating with a $527.00 price target on October 20, 2026. Overall, the stock carries a consensus buy rating from 37 analysts with a mean price target of $600.87.
About Spotify Technology S.A.
Based in Stockholm, Sweden, Spotify Technology S.A. SPOT operates a digital audio streaming platform that connects creators with millions of users worldwide. The company offers music, podcast, and audiobook streaming through both ad-supported tiers and premium subscription models.
Bottom Line
Investors tracking institutional filings will monitor upcoming reports to see if funds continue adjusting their exposure to Spotify Technology S.A. SPOT. The stock trades near its average analyst targets as market participants weigh recent insider activity and revenue growth.
Related Filing Alerts
Source: AMF Tjanstepension's 13F filing on $SPOT (Oct 22, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts