Should You Hold Spotify Technology S.A. (SPOT)?

Core Insights - Artisan Partners' "Artisan Mid Cap Fund" reported strong performance in Q3 2025, with returns of 8.80% for Investor Class and Advisor Class funds, and 8.83% for Institutional Class, significantly outperforming the Russell Midcap Growth Index's 2.78% return [1] - The fund's outperformance was primarily driven by holdings in the health care sector [1] Company Highlights - Spotify Technology S.A. (NYSE:SPOT) was highlighted in the Artisan Mid Cap Fund's Q3 2025 investor letter, showing a one-month return of -3.35% but an impressive 83.89% increase over the last 52 weeks, closing at $683.51 per share with a market capitalization of $140.651 billion on October 14, 2025 [2] - Despite being a detractor in Q3, Spotify is recognized for its strong position in audio streaming and potential for monetization through pricing, advertising, and premium subscriptions, with upcoming product launches expected to drive growth [3] Market Position - Spotify ranks 25th among the 30 Most Popular Stocks Among Hedge Funds, with 111 hedge fund portfolios holding its shares at the end of Q2 2025, an increase from 106 in the previous quarter [4] - While Spotify is seen as a valuable investment, there is a belief that certain AI stocks may offer greater upside potential with less downside risk [4]