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. Weighted by portfolio, the fund's holdings trade at roughly 29.0× earnings. 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.
Top music stocks right now
The largest music stocks by weight in MUSQ, and the strongest over the past month. Size and recent return are measurements, not recommendations.
Largest by fund weight
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%
Strongest this month
1-month return, holdings Zensei prices
- 1Sonos IncSONO+14.7%
- 2Alphabet IncGOOGL+4.2%
- 3Apple IncAAPL+2.6%
- 4Warner Music Group CorpWMG+1.1%
- 5Amazon.Com IncAMZN+1.1%
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%. 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?
The price-to-earnings ratio of MUSQ as a whole: the total price of its holdings over their total earnings, weighted by share of the fund. Holdings that lose money are left out.
MUSQ holdings: the music stocks inside
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.Com Inc | 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.Com Inc (AMZN) 5.2%, Sonos Inc (SONO) 5.1%, Madison Square Garden Entertainment Corp (MSGE) 5.0%, Hybe 5.0%, Apple Inc (AAPL) 4.8%, Alphabet Inc (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
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 list above shows every holding with its weight and returns.
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.
Is it a good time to invest in music stocks?
Zensei does not give investment advice, but it measures the trend. As of 12 October 2026, music stocks are behind the S&P 500 on both the recent and the longer window. The rotation map and the read on this page show whether that trend is building or fading.
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.