Coronation Fund Managers 13F: Cuts SPOT Stake by $9.8M
Key Points
- The fund's total stake in Spotify is now valued at about $40.8 million after the cut.
- Coronation Fund Managers held 83,790 $SPOT shares at quarter end, down 19.27% from the prior quarter.
- Spotify shares closed at $555.45 on October 27, 2026, and recently traded around $555.23.
- Coronation Fund Managers' position in Spotify represents 2.33% of its total reported value of about $1.75 billion.
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Coronation Fund Managers reduced its stake in Spotify Technology S.A. by 20,006 shares, bringing its total to 83,790 shares in a filing on October 27, 2026. The value of this cut is approximately $9.75 million, as the fund's total stake is now worth about $40.8 million.
SPOT
Spotify Technology S.A.
Where Spotify Fits in Coronation Fund Managers' Portfolio
This position accounts for 2.33% of Coronation's total reported portfolio, ranking it 11th among the fund's 49 holdings. The estimated gain or loss on this position versus cost was not reported.
Other Institutional Activity in Spotify
Several other funds have also adjusted their positions in Spotify. Baillie Gifford & Co cut its holdings by 290,115 shares, ending with 7,928,451 shares worth about $4.4 billion. WCM Investment Management, LLC increased its position by 425,311 shares, bringing its total to 2,840,477 shares valued at approximately $1.6 billion. Jennison Associates LLC added 30,568 shares, resulting in a total of 2,809,432 shares worth about $1.6 billion.
Spotify Technology S.A. Stock Down 5.0%
Spotify shares closed at $555.45 on October 27, 2026, and recently traded around $555.23. The stock is currently above its 50-day moving average by 5.3% and its 200-day moving average by 11.8%. However, it remains below its 52-week high by 17.5%.
Recent Earnings
In its latest earnings report, Spotify reported trailing twelve-month revenue of approximately $18.81 billion and an EPS of $16.41. The next earnings report is set for February 9, 2027.
Insider Buying and Selling at Spotify Technology S.A.
Recent insider activity includes Chief Executive Officer Alex Norstrom selling 5,436 shares on August 3, 2026, valued at about $2.73 million. Another insider, Dustee Jenkins, sold 3,810 shares on August 14, 2026, for around $1.95 million. Additionally, Gustav Soderstrom, another CEO, sold a total of 42,823 shares across two transactions in September and October, totaling approximately $11.39 million.
Analysts Set New Price Targets
On October 23, 2026, several firms updated their ratings for Spotify. Morgan Stanley maintained an Overweight rating with a target of $700, while Oppenheimer kept an Outperform rating with a target of $650. Piper Sandler reiterated a Neutral rating with a target of $580, and JP Morgan maintained an Overweight rating with a target of $700.
About Spotify Technology S.A.
Spotify Technology S.A. is a leading audio streaming service that offers subscription-based access to music, podcasts, and audiobooks. The company operates in two segments: Premium and Ad-Supported, providing various options for users worldwide. This filing reflects a strategic adjustment in Coronation Fund Managers' portfolio as it navigates the evolving landscape of the audio streaming industry.
Bottom Line
Investors should watch for Spotify's upcoming earnings report on February 9, 2027, as well as any further filings from Coronation Fund Managers regarding their position in the company. This cut in shares illustrates a shift in strategy as the fund continues to manage its investments actively.
Related Filing Alerts
Source: Coronation Fund Managers's 13F filing on $SPOT (Oct 27, 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