Leading Stockholders of SpotifyMusic Platform
In the world of music streaming, Spotify Technology S.A. (SPOT) has become a significant player, with a strong presence in the global market. One of the key factors contributing to its success is the interest from institutional investors.
The Baillie Gifford International Growth Fund, managed by the Scottish investment management firm Baillie Gifford, is one of Spotify's largest investors. With a size of $3.3 billion, the fund holds 6.18% of Spotify's total assets as of July 31, 2025, making it one of the top 10 holdings for the company.
Other major players in Spotify's institutional investor landscape include State Street Corporation, Jennison Associates LLC, WCM Investment Management LLC, Massachusetts Financial Services Co. MA, Fisher Asset Management LLC, and Morgan Stanley. These firms collectively hold approximately $16.9 billion worth of Spotify shares, representing around 84.09% of the company's stock as of August 2025.
State Street Corporation, with $3.51 billion in holdings, and Jennison Associates LLC, holding $3.00 billion, are among the top institutional investors. WCM Investment Management LLC owns $2.59 billion, while Massachusetts Financial Services Co. MA and Fisher Asset Management LLC hold $2.55 billion and $1.91 billion, respectively. Morgan Stanley, a multinational investment bank and financial services company with about $1.6 trillion in assets under management (AUM), owns 6.7 million shares, representing approximately 5% of total shares outstanding.
Daniel G. Ek, the co-founder and CEO of Spotify, owns 29.1 million shares, representing 14.3% of total shares outstanding. Martin Lorentzon, the other co-founder and the company's former chairman of the board, owns 20 million shares, equating to 9.8% of total shares outstanding.
Spotify monetizes its service through monthly fees for its premium subscription service and through sales of advertising associated with its free streaming service. In the second quarter of 2025, the company reported a 12% year-over-year increase in premium subscribers, reaching 276 million. The company also reported total revenue of almost €4.2 billion in the same quarter.
BlackRock Inc., one of the world's largest asset managers, owns 11.3 million shares of Spotify, representing approximately 8.3% of total shares outstanding. As of March 31, 2025, BlackRock managed $12.5 trillion in assets under management (AUM) in Q2 2025.
Institutional investors hold 65.8% of Spotify's shares as of August 2025. The company, headquartered in Sweden and legally domiciled in Luxembourg, offers a diverse range of mutual funds, and complete holdings for its fund offerings are publicly available quarterly 15 calendar days after the quarter ends.
It's clear that Spotify has a strong and diverse institutional investor base, with large, well-known financial firms managing billions in assets showing significant interest in the company. This indicates a positive outlook for Spotify's future growth and potential for continued success in the music streaming industry.
- Jennison Associates LLC, with a holdings value of $3.00 billion, ranks among the top institutional token investors in Spotify.
- The finance firm, Morgan Stanley, has a stake worth approximately $1.6 billion in Spotify, holding around 5% of the company's total shares.
- Institutional investors, collectively holding 65.8% of Spotify's shares, have shown significant interest in the business, signaling a promising future for the music streaming company.
