Ami Asset Management 13F: Adds $2.1M to SPOT Stake

Ami Asset Management boosted its stake in Spotify Technology S.A. (SPOT) by adding 4,401 shares during the quarter, according to a Form 13F filing on October 20, 2026. That brought the firm's total holdings to 79,985 shares.

SPOT Spotify Technology S.A.

$525.34 ▼ -8.64% year to date

1M 3M YTD

Daily close · Oct 21, 2026

What Changed in Ami Asset Management's Spotify Technology S.A. Position

The reported value of the fund's investment reached $38,982,948 following the purchase. This adjustment reflects a 5.8% increase from the previous count of 75,584 shares.

Other Institutional Activity in Spotify Technology S.A.

Other large investors adjusted their Spotify positions as well around recent reporting periods. Lone Pine Capital grew its holdings by 51,082 shares, ending with 68,844 shares worth about $31.61 million. Rokos Capital Management increased its position by 46,555 shares to hold 90,446 shares valued at roughly $41.53 million. Select Equity Group, L.P. lifted its stake by 198,510 shares, bringing its total to 365,876 shares worth about $167.98 million. On the other hand, D1 Capital Partners L.P. trimmed its holdings by 55,406 shares to finish with 340,494 shares valued at $164.12 million. Fjarde Ap-Fonden cut its position by 92,520 shares, leaving it with 92,480 shares worth about $45.07 million.

Spotify Technology S.A. Stock Up 8.0%

Spotify shares recently traded around $524.86, sitting below the closing price of $526.08 on the filing date. The stock rests above its 50-day moving average of $521.64 and its 200-day moving average of $497.06.

Recent Earnings

Spotify generated $18.11 billion in trailing revenue with an EPS of $17.40. The company posted an 18.4% net margin and a 44.5% return on equity alongside year-over-year revenue growth of 13.9%, with its next earnings report scheduled for October 22, 2026.

Dividend

Spotify does not currently pay a dividend, keeping its payout ratio at zero as the business reinvests capital into its audio streaming platform.

Insider Buying and Selling at Spotify Technology S.A.

Company insiders completed several transactions prior to the filing. Dustee Jenkins sold 3,810 shares on August 14, 2026, for a total value of $1,954,343. CEO Gustav Stig Victor Soderstrom sold 20,913 shares on September 14, 2026, valued at $11,380,738, and later sold 20,910 shares on October 12, 2026, worth $11,085,113. Co-CEO Gustav Soderstrom also disposed of 20,910 shares under a planned trading arrangement on October 12, 2026, at an average price of $530.13 for a total of $11,085,112.

Analysts Set New Price Targets

Wall Street firms updated their outlooks ahead of the filing. UBS maintained a Buy rating on October 5, 2026, while lowering its price target to $675.00 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, lowering its target to $490.00 from $530.00. StoneX downgraded the stock to Hold on October 15, 2026, and Rosenblatt maintained a Neutral rating with a $527.00 price target on October 20, 2026. Overall, the stock carries a buy recommendation from analysts.

About Spotify Technology S.A.

Headquartered in Stockholm, Sweden, Spotify operates an audio streaming platform that gives users access to music, podcasts, and audiobooks. The company connects creators with a global audience through both free ad-supported tiers and paid subscription plans.

Bottom Line

Investors will look to upcoming earnings results and subsequent institutional disclosures to gauge whether funds continue expanding their positions in the streaming provider.