Spotify Technology S.a. (SPOT)

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Institutional Investors' Holdings

Filing Period:

No.	Name	Shares	Value	% Port
1.	Blackrock, Inc.	11,377,853	$5,517,234,399	0.1%
2.	Morgan Stanley	8,380,266	$4,063,676,505	0.24%
3.	Baillie Gifford & Co	8,218,203	$3,985,088,817	4.07%
4.	State Street Corp	4,729,053	$2,293,165,090	0.08%
5.	Wellington Management Group Llp	3,319,838	$1,609,822,646	0.3%