5 Best Music Stocks to Invest in

2. Spotify Technology S.A. (NYSE:SPOT)

Number of Q4 2023 Hedge Fund Shareholders: 68

Spotify Technology S.A. (NYSE:SPOT) is one of the biggest pure play streaming companies in the world, whose platform allows artists to reach a vast number of people. However, some of its non U.S. users might be in for a surprise later this year if a purported price hike comes into play.

Insider Monkey dug through 933 hedge fund portfolios for their December quarter of 2023 shareholdings and found that 68 had held a stake in the firm. Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital owned the biggest Spotify Technology S.A. (NYSE:SPOT) stake which was worth $414 million.

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