Fjarde Ap-Fonden /Fourth Swedish National Pension Fund 13F: Cuts SPOT Stake by $45M
Fjarde Ap-Fonden has reduced its position in Spotify by over 92,000 shares, reflecting significant changes among other institutional investors as well.
Reviewed by automated data checks against the source filing. How we make and check alerts
Fjarde Ap-Fonden /Fourth Swedish National Pension Fund sold 92,520 shares from its stake in Spotify Technology S.A. ($SPOT), a 50.01% decrease, according to a 13F filing with the SEC dated October 15, 2026. It reported 92,480 shares worth $45.07 million at the end of the quarter.
Since the filing, $SPOT is down 0.6% to date (from the $533.37 close on Oct 15, 2026).
Find the original: Fjarde Ap-Fonden /Fourth Swedish National Pension Fund 13F filings on SEC EDGAR
SPOT
Spotify Technology S.A.
Key Points
- Fjarde Ap-Fonden cut its Spotify stake by 92,520 shares, bringing its total ownership down to 92,480 shares valued at about $45.1 million as of October 15, 2026.
- Other major holders like BlackRock and Morgan Stanley also reduced their stakes in Spotify, with BlackRock cutting 486,975 shares and Morgan Stanley decreasing its holdings by 962,074 shares.
- Analysts have mixed views on Spotify, with recent ratings ranging from 'Buy' with targets around $675 to a downgrade to 'Hold' on October 15, 2026.
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Fjarde Ap-Fonden, known as the Fourth Swedish National Pension Fund, reduced its stake in Spotify Technology S.A. (NYSE: SPOT) by 92,520 shares, based on its latest Form 13F filing on October 15, 2026. This cut brings its total holdings down to 92,480 shares, valued at approximately $45.1 million.
Fjarde Ap-Fonden /Fourth Swedish National Pension Fund vs. the S&P 500
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What Changed in Fjarde Ap-Fonden's Spotify Position
The fund's position in Spotify was reduced by over 50%, reflecting a significant cut from its previous total of 185,000 shares. This reduction highlights changing sentiments among institutional investors regarding the stock.
Other Institutional Activity in Spotify
Several other major funds also lowered their positions in Spotify in the same quarter. BlackRock Inc. decreased its holdings by 486,975 shares, now holding 10,890,937 shares worth about $5.78 billion. BAILLIE GIFFORD & CO cut 290,115 shares, resulting in a total of 7,928,451 shares valued at approximately $4.21 billion. Morgan Stanley reduced its stake by 962,074 shares, leaving it with 7,418,358 shares worth about $3.93 billion.
Spotify Technology S.A. Stock Up 0.1%
As of October 16, 2026, Spotify shares were recently trading around $524.66, which is above its 50-day moving average by 1.1% and 5.4% above the 200-day moving average. However, this price is 24.7% below its 52-week high of $696.95, indicating that the stock has room to grow if it can recover from recent lows.
Recent Earnings
Spotify reported trailing twelve-month revenue of $18.1 billion and an EPS of $17.40. The company is set to announce its next earnings on October 22, 2026, which could provide insights into its performance and future direction.
Insider Buying and Selling at Spotify Technology S.A.
In recent transactions, several insiders have sold shares. Co-CEO Gustav Soderstrom sold 20,910 shares on October 12, 2026, for about $11.1 million. Officer Dustee Jenkins sold 3,810 shares on August 14, 2026, valued at around $1.95 million. These sales occurred before the recent filing and reflect the ongoing activity from the company's leadership.
Analysts Set New Price Targets
On October 1, 2026, Keybanc maintained its "Overweight" rating with a price target of $660. UBS also maintained a "Buy" rating but lowered its target to $675 on October 5, 2026. Meanwhile, Piper Sandler initiated coverage with a "Neutral" rating and a target of $540 on October 8, 2026. On the same day as the filing, StoneX downgraded Spotify to a "Hold" rating.
About Spotify Technology S.A.
Spotify Technology S.A. is a leading audio streaming service that offers both premium and ad-supported subscriptions. The company provides users access to a vast library of music, podcasts, and other content worldwide. This recent change in holdings may reflect broader market sentiments about its growth potential, especially with upcoming earnings.
Bottom Line
Investors should keep an eye on Spotify's next earnings report on October 22, 2026, as it might further influence investor sentiment. The recent cuts by major institutional investors, including Fjarde Ap-Fonden, suggest fluctuating confidence in the stock's near-term outlook. The filing reflects holdings as of the reporting period and may not represent the current position of the fund.
Related Filing Alerts
Source: Fjarde Ap-Fonden /Fourth Swedish National Pension Fund's 13F filing on $SPOT (Oct 15, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Fjarde Ap-Fonden /Fourth Swedish National Pension Fund 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts