Music Stocks
Top 10 of 26 MUSQ holdings, updated
As of 12 October 2026, music stocks are trailing the S&P 500, over the past month and over the longer run. MUSQ trails the S&P 500 by 4.2 points over one month and ranks #54 of 115 groups Zensei tracks. 10 of the 12 music stocks Zensei prices in MUSQ beat the fund this month.
Where music stocks stand now
As of 12 October 2026, Music (MUSQ) ranks #54 of the 115 groups Zensei tracks by one-month return against the S&P 500. It is out of favor: it trails the S&P 500 on both rotation windows — 4.2 points behind over the past month and 3.2 points behind over the longer, time-shifted window. That is the Underperformers quadrant.
On the shorter tape, MUSQ's momentum is weakening: the intraday trend that carried the move is cooling across the shorter windows. MUSQ's relative-strength picture is mixed, without a clean alignment across its moving averages. Both signals point the same direction here: the market is not rewarding this group on either horizon.
The exposure comes via MUSQ Global Music Industry ETF, whose 26 tracked holdings are led by Spotify Technology SA, Live Nation Entertainment Inc and Universal Music Group NV. The thing to watch from here is the one-month spread: underperformers only become interesting when the recent window turns positive first — until then, the market is voting elsewhere.
As of , these are the largest music stocks in MUSQ by fund weight, and the strongest over the past month. Size and recent return are measurements, not recommendations.
Top music stocks by fund weight
Ranked by largest share of MUSQ
- 1Spotify Technology SASPOT10.1%
- 2Live Nation Entertainment IncLYV9.1%
- 3Universal Music Group NV7.4%
- 4Warner Music Group CorpWMG6.2%
- 5CTS Eventim AG & Co. Kgaa6.1%
Music Stocks vs the S&P 500
Over the week to 12 October 2026, MUSQ rose 0.5% while the S&P 500 rose 0.4%. The table compares MUSQ and SPY (the S&P 500) over every window Zensei tracks. The spread is the difference: positive means MUSQ won that window.
Prices as of · computed from daily adjusted closes · how we measure
Music on the rotation map, against the 11 broad S&P 500 sectors. Vertical: 1-month spread vs the S&P 500. Horizontal: the longer, time-shifted window.
Are music stocks expensive?
Under half of the weight in MUSQ has a positive P/E, so a fund P/E would not describe the fund. Zensei shows a fund P/E from 50% coverage. Compare with every sector and theme: P/E ratio by sector.
MUSQ holdings: the music stocks inside
This list covers all 26 music stocks in MUSQ, heaviest first; the 10 largest show their returns where Zensei has a price. As of 12 October 2026, 10 of the 12 music stocks Zensei prices in MUSQ beat the fund over the past month. 3 of them beat the S&P 500. The strongest is Sonos Inc (SONO); the weakest is Sphere Entertainment Co (SPHR). Inside the fund, one or two outliers drive most of the move.
| # | Holding | Weight | 1M | 3M | vs fund 1M | Momentum | RS health |
|---|---|---|---|---|---|---|---|
| 1 | SPOTSpotify Technology SA | 10.1% | +0.6% | +10.2% | +2.7 pts | Accelerating | Mixed |
| 2 | LYVLive Nation Entertainment Inc | 9.1% | −0.3% | −7.4% | +1.8 pts | Weak | Mixed |
| 3 | Universal Music Group NV | 7.4% | — | — | No price data | ||
| 4 | WMGWarner Music Group Corp | 6.2% | +1.1% | +0.4% | +3.3 pts | Cruising | Mixed |
| 5 | CTS Eventim AG & Co. Kgaa | 6.1% | — | — | No price data | ||
| 6 | Yamaha Corp | 5.5% | — | — | No price data | ||
| 7 | AMZNAmazon | 5.2% | +1.1% | +4.9% | |||
| 8 | SONOSonos Inc | 5.1% | +14.7% | +15.3% | |||
| 9 | MSGEMadison Square Garden Entertainment Corp | 5.0% | +0.8% | +6.4% | |||
| 10 | Hybe | 5.0% | — | — | No price data | ||
All 26 MUSQ holdings by weight: Spotify Technology SA (SPOT) 10.1%, Live Nation Entertainment Inc (LYV) 9.1%, Universal Music Group NV 7.4%, Warner Music Group Corp (WMG) 6.2%, CTS Eventim AG & Co. Kgaa 6.1%, Yamaha Corp 5.5%, Amazon (AMZN) 5.2%, Sonos Inc (SONO) 5.1%, Madison Square Garden Entertainment Corp (MSGE) 5.0%, Hybe 5.0%, Apple (AAPL) 4.8%, Alphabet (GOOGL) 4.8%, JYP Entertainment Corp 4.8%, S.M Entertainment Co 3.8%, YG Entertainment Inc 3.4%, Avex Inc 3.0%, Roland Corp 2.8%, Reservoir Media Inc (RSVR) 2.8%, Dolby Laboratories Inc (DLB) 1.0%, Sony Group Corp 1.0%, PIA Corp 0.9%, Sphere Entertainment Co (SPHR) 0.8%, Merry Electronics Co Ltd 0.8%, Stubhub Holdings Inc (STUB) 0.6%, Invesco Shrt-Trm INV GOV&AGCY Instl (AGPXX) 0.1%, Cube Entertainment Inc 0.0%.
Music Stocks: common questions
Music stocks list: which stocks are in MUSQ?
As of 12 October 2026, MUSQ holds 26 music stocks, and this page lists all 26. The three largest by fund weight are Spotify Technology SA (SPOT, 10.1%), Live Nation Entertainment Inc (LYV, 9.1%) and Universal Music Group NV (7.4%). Each one shows its fund weight; the 10 largest also show their one-month and three-month returns where Zensei has a price.
What are the best music stocks this month?
As of 12 October 2026, ranked by one-month return, the three strongest music stocks in MUSQ are Sonos Inc (SONO, +14.7%), Alphabet (GOOGL, +4.2%) and Apple (AAPL, +2.6%). This ranks past return only; it does not forecast the next month.
What are the top 3 music stocks?
As of 12 October 2026, the three largest music stocks in MUSQ by fund weight are Spotify Technology SA (SPOT, 10.1%), Live Nation Entertainment Inc (LYV, 9.1%) and Universal Music Group NV (7.4%). Fund weight shows size inside the fund, not a recommendation.
Which music stocks are beating the sector?
As of 12 October 2026, 10 of the 12 music stocks Zensei prices in MUSQ beat the fund over the past month. The strongest over the past month is Sonos Inc (SONO). The table above shows the largest holdings with their weights and returns.
Which ETF holds music stocks?
Several ETFs hold music stocks. Zensei tracks the group through MUSQ, the MUSQ Global Music Industry ETF. As of 12 October 2026, its published holdings list 26 music stocks, and the 10 largest make up 64.6% of the fund.
Are music stocks outperforming the S&P 500?
No. As of 12 October 2026, MUSQ trails the S&P 500 by 4.2 points over the past month.
What is MUSQ?
MUSQ is MUSQ Global Music Industry ETF. Zensei uses it to measure music stocks against the S&P 500 (SPY).
What stocks does MUSQ own?
As of 12 October 2026, the largest of the 26 positions Zensei tracks in MUSQ are Spotify Technology SA, Live Nation Entertainment Inc, Universal Music Group NV, Warner Music Group Corp, CTS Eventim AG & Co. Kgaa. Each position measured against the fund, with momentum and relative strength, is part of Zensei Premium.
What quadrant is music in right now?
As of 12 October 2026, music is in the Underperformers quadrant — trailing the S&P 500 on both windows. The Zensei methodology page explains the quadrants.
Recent changes
- ·First tracked: trailing the market
Related sectors
Track music against the whole market
Zensei Edge maps 100+ sectors and themes against the S&P 500 — with the stocks inside each one, rotation history and alerts when leadership changes hands.
Compare all sectors: Sector heat map · Sector P/E ratios