Spotify Technology S.a. (SPOT)

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Institutional Investors' Holdings

Filing Period:

No.	Name	Shares	Value	% Port
1.	Blackrock, Inc.	12,065,853	$8,421,965,216	0.15%
2.	Baillie Gifford & Co	8,695,348	$6,069,352,904	4.5%
3.	Morgan Stanley	6,769,458	$4,725,083,126	0.29%
4.	Fmr Llc	5,221,916	$3,644,897,124	0.19%
5.	State Street Corp	4,622,298	$3,226,364,004	0.11%