Burgundy Asset Management’s Tencent Music TME Stock Holding History

Burgundy Asset Management’s Portfolio TME Stock Details TME Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q3	$294K	Sell	11,985 -5,843	-33%	-$135K	﹤0.01%	104
2025 Q2	$347K	Sell	17,828 -13,861	-44%	-$218K	﹤0.01%	105
2025 Q1	$457K	Sell	31,689 -10,291	-25%	-$128K	﹤0.01%	103
2024 Q4	$476K	Buy	41,980 +9,755	+30%	+$116K	﹤0.01%	98
2024 Q3	$388K	Buy	+32,225	New	+$394K	﹤0.01%	102

Other funds holding TME

Schroder Investment Management Group London, United Kingdom $141B AUM 34.18% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

CCM

Cantillon Capital Management New York $665M AUM 25.91% 1-Year Est. Return

JP Morgan Chase New York $1.81T AUM 41.13% 1-Year Est. Return

KFA

Krane Funds Advisors New York $2.82B AUM 0.41% 1-Year Est. Return

Baillie Gifford & Co Edinburgh, United Kingdom $110B AUM 4.8% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Capital World Investors Los Angeles, California $846B AUM 46.74% 1-Year Est. Return

Burgundy Asset Management's TME Position: Q3 2025 in Review

Burgundy Asset Management reduced its Tencent Music (TME) stake by 33% in Q3 2025, selling an estimated $135K and leaving 11,985 shares worth $294K. The position accounts for ﹤0.01% of the portfolio, ranked #104.

Burgundy Asset Management first reported a position in TME in Q3 2024 and has held it in 5 quarters since. The position peaked at $476K in Q4 2024. 361 funds tracked by Wall St. Rank hold TME as of Q3 2025.

Burgundy Asset Management held 11,985 shares of Tencent Music worth $294K as of Q3 2025.
Burgundy Asset Management sold 5,843 Tencent Music shares in Q3 2025, an estimated $135K.
Tencent Music made up ﹤0.01% of Burgundy Asset Management's portfolio in Q3 2025, its #104 holding.
Burgundy Asset Management first reported a position in Tencent Music in Q3 2024 and has held it in 5 quarters since.
Burgundy Asset Management's Tencent Music position peaked at $476K in Q4 2024.
361 funds tracked by Wall St. Rank held Tencent Music as of Q3 2025.

Based on Burgundy Asset Management's 13F filing for Q3 2025, filed 12 Nov 2025.