Caption Management’s Tencent Music TME Stock Holding History

Caption 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 Q4	–	Sell	-205,000	Closed	-$4.78M	–	2057
2025 Q3	$4.78M	Sell	205,000 -28,000	-12%	-$649K	0.04%	506
2025 Q2	$4.54M	Buy	+233,000	New	+$3.66M	0.05%	433
2024 Q4	–	Sell	-150,000	Closed	-$1.81M	–	1828
2024 Q3	$1.81M	Buy	+150,000	New	+$1.84M	0.03%	598
2024 Q2	–	Sell	-40,000	Closed	-$448K	–	1501
2024 Q1	$448K	Buy	+40,000	New	+$392K	0.01%	891
2023 Q1	–	Sell	-400,000	Closed	-$3.31M	–	1550
2022 Q4	$3.31M	Buy	400,000 +250,000	+167%	+$1.4M	0.05%	422
2022 Q3	$609K	Hold	150,000	–	–	0.01%	1018
2022 Q2	$753K	Hold	150,000	–	–	0.01%	973
2022 Q1	$730K	Buy	+150,000	New	+$844K	0.01%	1062
2021 Q3	–	Sell	-45,000	Closed	-$696K	–	1804
2021 Q2	$696K	Buy	+45,000	New	+$745K	0.01%	980
2020 Q4	–	Sell	-75,000	Closed	-$1.11M	–	1241
2020 Q3	$1.11M	Sell	75,000 -25,000	-25%	-$390K	0.03%	594
2020 Q2	$1.35M	Sell	100,000 -20,500	-17%	-$243K	0.04%	465
2020 Q1	$1.21M	Buy	+120,500	New	+$1.48M	0.07%	355

Other funds holding TME

Schroder Investment Management Group London, United Kingdom $122B AUM 29.27% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

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

KFA

Krane Funds Advisors New York $2.44B AUM 12.99% 1-Year Est. Return

CCM

Cantillon Capital Management New York $15.1B AUM 23.54% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Overlook Investments Grand Cayman, Cayman Islands $278M AUM

Baillie Gifford & Co Edinburgh, United Kingdom $97.9B AUM 20.73% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Caption Management's TME Position: Q4 2022 in Review

Caption Management sold out of Tencent Music (TME) in Q4 2022, closing a stake of 50,000 shares — an estimated $281K sold.

Caption Management first reported a position in TME in Q1 2019 and held it in 8 quarters. The position peaked at $905K in Q1 2019. 242 funds tracked by Wall St. Rank hold TME as of Q4 2022.

Caption Management reported no remaining Tencent Music position as of Q4 2022 after selling out during the quarter.
Caption Management sold 50,000 Tencent Music shares in Q4 2022, an estimated $281K.
Caption Management first reported a position in Tencent Music in Q1 2019 and held it in 8 quarters.
Caption Management's Tencent Music position peaked at $905K in Q1 2019.
242 funds tracked by Wall St. Rank held Tencent Music as of Q4 2022.

Based on Caption Management's 13F filing for Q4 2022, filed 14 Feb 2023.