Driehaus Capital Management’s Tencent Music TME Stock Holding History

Driehaus Capital 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	-2,984,661	Closed	-$69.7M	–	486
2025 Q3	$69.7M	Sell	2,984,661 -460,273	-13%	-$10.7M	0.5%	62
2025 Q2	$67.1M	Buy	+3,444,934	New	+$54.1M	0.54%	56
2024 Q4	–	Sell	-128,066	Closed	-$1.54M	–	450
2024 Q3	$1.54M	Sell	128,066 -7,001,276	-98%	-$85.7M	0.01%	308
2024 Q2	$100M	Buy	7,129,342 +1,925,124	+37%	+$25.9M	0.97%	17
2024 Q1	$58.2M	Buy	5,204,218 +1,222,936	+31%	+$12M	0.58%	41
2023 Q4	$35.9M	Buy	+3,981,282	New	+$30.8M	0.43%	67
2023 Q3	–	Sell	-2,626,317	Closed	-$19.4M	–	447
2023 Q2	$19.4M	Buy	+2,626,317	New	+$19.8M	0.24%	137
2021 Q2	–	Sell	-883,211	Closed	-$18.1M	–	515
2021 Q1	$18.1M	Sell	883,211 -1,071,501	-55%	-$27.2M	0.27%	119
2020 Q4	$37.6M	Buy	+1,954,712	New	+$31.8M	0.61%	42
2019 Q2	–	Sell	-903,154	Closed	-$16.3M	–	541
2019 Q1	$16.3M	Buy	+903,154	New	+$14.4M	0.61%	40

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

Driehaus Capital Management's TME Position: Q4 2025 in Review

Driehaus Capital Management sold out of Tencent Music (TME) in Q4 2025, closing a stake of 2,984,661 shares — an estimated $69.7M sold.

Driehaus Capital Management first reported a position in TME in Q1 2019 and held it in 10 quarters. The position peaked at $100M in Q2 2024. 341 funds tracked by Wall St. Rank hold TME as of Q4 2025.

Driehaus Capital Management reported no remaining Tencent Music position as of Q4 2025 after selling out during the quarter.
Driehaus Capital Management sold 2,984,661 Tencent Music shares in Q4 2025, an estimated $69.7M.
Driehaus Capital Management first reported a position in Tencent Music in Q1 2019 and held it in 10 quarters.
Driehaus Capital Management's Tencent Music position peaked at $100M in Q2 2024.
341 funds tracked by Wall St. Rank held Tencent Music as of Q4 2025.

Based on Driehaus Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.