William Blair Investment Management LLC Sells 60,576 Shares of Spotify Technology $SPOT

May 25, 2026 - 00:05

William Blair Investment Management LLC reduced its position in Spotify Technology (NYSE: SPOT) during the fourth quarter, according to a recent filing with the Securities and Exchange Commission. The firm sold 60,576 shares, representing a 21.5% cut from its previous stake.

After the sale, William Blair still holds 221,748 shares of the audio streaming platform. The transaction was disclosed in a 13F filing, which is a quarterly report required from institutional investment managers with at least $100 million in assets under management.

Spotify has been a closely watched stock as the company continues to expand its user base and push into new markets like audiobooks and podcasting. The company has also worked to improve its profitability through cost-cutting measures and advertising revenue growth.

The move by William Blair comes as other institutional investors have also adjusted their positions in Spotify. Some have increased their stakes, while others have reduced exposure. The stock has seen significant volatility in recent months, driven by broader market trends and company-specific developments.

Spotify shares trade on the New York Stock Exchange under the ticker symbol SPOT. The company is scheduled to report its next quarterly earnings in the coming weeks, which may provide further insight into its financial health and growth trajectory.