JDP Capital highlights Spotify's strong performance and potential for growth

From Yahoo Finance: 2025-04-23 08:59:00

JDP Capital Management released its first-quarter 2025 investor letter, reporting the Survivor & Thriver Fund was down 2% net to investors, outperforming the S&P 500’s -4.2% return. The letter highlights Spotify Technology S.A. (NYSE: SPOT), which saw a 2.44% one-month return and gained 109.93% over the last 52 weeks, closing at $590.39 per share on April 22, 2025.

In the Q1 2025 investor letter, JDP Capital Management emphasized Spotify Technology S.A. (NYSE: SPOT) as its largest position. The company’s free cash flow increased by 123% year-over-year due to strong operating leverage, with 675 million subscribers by the end of 2024. Spotify and YouTube benefit from the shift to podcasting.

Spotify Technology S.A. (NYSE: SPOT) ranked 25th among the 30 Most Popular Stocks Among Hedge Funds, with 101 portfolios holding the stock in Q4 2024. While recognizing Spotify’s potential, JDP Capital Management believes AI stocks offer higher returns in a shorter timeframe. Check out their report on the cheapest AI stock for more information.



Read more at Yahoo Finance: Spotify Technology S.A. (SPOT): JDP Capital’s Largest Holding