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# Institutional Investors Bought $1.4B In Spotify Stock In Q3 (NASDAQ:SPOT) 
- URL: https://www.hypebot.com/institutional-investors-bought-14b-in-spotify-stock-in-q3/
- Published: 2018-11-29T09:49:37.000Z
- Updated: 2018-11-29T09:49:37.000Z
- Description: At least nine major institutional investors have significantly upped their stake in Spotify (NASDAQ:SPOT) in recent months. Total new institutional investments in Spotify topped $1.4 billion in Q3.
- Author: Bruce Houghton
- Tags: Music Business, Music Tech, Startups & Funding, Streaming, Spotify, stock, #wp, #wp-post, #Import 2026-01-21 10:00

[![Spotify New $](https://hypebot.typepad.com/.a/6a00d83451b36c69e2022ad3a3e011200d-150wi "Spotify New $")](https://hypebot.typepad.com/.a/6a00d83451b36c69e2022ad3a3e011200d-popup?ref=hypebot.com)At least nine major institutional investors have significantly upped their stake in Spotify (NASDAQ:SPOT) in recent months. Total new institutional investments in Spotify topped $1.4 billion in Q3.

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[![image from www.marketbeat.com](https://hypebot.typepad.com/.a/6a00d83451b36c69e2022ad3a3dfd1200d-450wi "image from www.marketbeat.com")](https://hypebot.typepad.com/.a/6a00d83451b36c69e2022ad3a3dfd1200d-popup?ref=hypebot.com)  

In the 3rd quarter institutional investments included:
- ARK Investment Management added 37% to its Spotify stock portfolio for a total value of $50,186,000 at the end of the most recent quarter.
- Robeco Institutional Asset Management B.V. bought 250,000 shares valued at approximately $45,208,000\.
- American Century Companies Inc. bought a new stake in Spotify valued at approximately $34,388,000\.
- Canada Pension Plan Investment Board bought 170,800 shares valued at approximately $30,886,000\.
- Wells Fargo & Company boosted its shares in Spotify by 19.2% for a total value of $5,689,000
- Janney Montgomery Scott increased its shares of Spotify by 43.5% in the quarter, for a total value of about $780.000
- Pendal Group Ltd bought a new stake valued at $265,000.
- Stratos Wealth Partners added $596,000 in stock
- Parallel Advisors upped its holdings in Spotify by 51.7% in the quarter to a total value of $280,000.
H/T – [MarketBeat](https://www.marketbeat.com/?ref=hypebot.com)