D1 Capital Partners L.P. 13F: Cuts SPOT Stake by $27M

D1 Capital Partners Trims Spotify Holdings

D1 Capital Partners L.P. scaled back its investment in Spotify Technology S.A. SPOT, according to its Form 13F filing with the SEC for the period ended May 15, 2026. The fund cut its position by 55,406 shares, which worked out to a 14.0% decrease from the previous quarter. Institutional 13F filings are backward-looking documents that reveal holdings at the close of a reporting period and may not reflect current trades.

Reduction Details for the Spotify Stake

Before the adjustment, D1 Capital Partners owned 395,900 shares of Spotify Technology S.A. SPOT. After shedding 55,406 shares during the period, the fund held 340,494 shares. The remaining stake carried a reported market value of $164.1 million at the time of the filing.

Spotify Stock Performance and Valuation

Spotify Technology S.A. SPOT shares recently traded around $482.00, sitting below their 50-day moving average of $518.89 and near the lower end of their 52-week range between $405.00 and $696.95. The audio streaming platform carries a market cap of roughly $109.65 billion and a P/E ratio of 30.65, with a forward P/E ratio of 31.03.

Recent Analyst Updates on Spotify

Wall Street firms have continued to tweak their outlooks on Spotify Technology S.A. SPOT in recent weeks. On October 15, 2026, StoneX downgraded the stock to a Hold rating. Earlier in the month, Cantor Fitzgerald maintained a Neutral rating while adjusting its price target to $490.0 on October 12, 2026. Piper Sandler initiated coverage with a Neutral rating and a $540.0 price target on October 8, 2026, while UBS maintained a Buy rating with a $675.0 target on October 5, 2026.

Inside Spotify Technology S.A.

Headquartered in Stockholm, Sweden, Spotify Technology S.A. SPOT operates its audio streaming platform through Premium and Ad-Supported segments worldwide. The company provides online and offline access to music, podcasts, and audiobooks to millions of users globally. Its next quarterly financial report is scheduled for release on October 22, 2026.

What to Watch Next for the Stock

Investors tracking D1 Capital Partners and Spotify Technology S.A. SPOT will look toward the upcoming earnings report on October 22, 2026, for fresh financial results. Subsequent 13F filings will show whether the fund continues to trim its exposure or stabilizes its share count in the streaming provider.