Spotify Technology S.a. (SPOT)

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Institutional Investors' Holdings

Filing Period:

No.	Name	Shares	Value	% Port
1.	Blackrock, Inc.	11,318,290	$6,225,399,078	0.13%
2.	Baillie Gifford & Co	10,838,982	$5,961,765,269	5.2%
3.	Morgan Stanley	6,769,242	$3,723,287,036	0.27%
4.	Jpmorgan Chase & Co	5,980,727	$3,289,579,804	0.24%
5.	Fmr Llc	5,085,064	$2,796,937,604	0.18%