Kingstown Capital Management’s Tencent Music TME Stock Holding History

Kingstown 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
2021 Q3	–	Sell	-350,000	Closed	-$5.42M	–	89
2021 Q2	$5.42M	Buy	350,000 +50,000	+17%	+$828K	3.24%	5
2021 Q1	$6.15M	Sell	300,000 -200,000	-40%	-$5.07M	2.11%	12
2020 Q4	$9.62M	Sell	500,000 -500,000	-50%	-$8.13M	5.22%	5
2020 Q3	$14.8M	Sell	1,000,000 -750,000	-43%	-$11.7M	9.09%	4
2020 Q2	$23.6M	Sell	1,750,000 -2,250,000	-56%	-$26.6M	11.09%	1
2020 Q1	$40.2M	Buy	4,000,000 +375,000	+10%	+$4.62M	6.18%	4
2019 Q4	$42.6M	Hold	3,625,000	–	–	12.36%	4
2019 Q3	$46.3M	Buy	3,625,000 +125,000	+4%	+$1.76M	11.48%	4
2019 Q2	$52.5M	Buy	3,500,000 +1,125,000	+47%	+$17.8M	9.55%	5
2019 Q1	$43M	Buy	2,375,000 +625,000	+36%	+$9.98M	8.82%	7
2018 Q4	$23.1M	Buy	+1,750,000	New	+$22.3M	5.02%	10

Other funds holding TME

Baillie Gifford & Co Edinburgh, United Kingdom $97.9B AUM 20.73% 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

Canada Pension Plan Investment Board Toronto Ontario, Ontario, Canada $155B AUM 29.93% 1-Year Est. Return

Two Sigma Investments New York $124B AUM 33.93% 1-Year Est. Return

Bank of New York Mellon New York $544B AUM 28.31% 1-Year Est. Return

KFA

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

Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

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

CFM

Coronation Fund Managers Cape Town, South Africa $2.19B AUM 3.99% 1-Year Est. Return

Kingstown Capital Management's TME Position: Q3 2021 in Review

Kingstown Capital Management sold out of Tencent Music (TME) in Q3 2021, closing a stake of 350,000 shares — an estimated $5.42M sold.

Kingstown Capital Management first reported a position in TME in Q4 2018 and held it in 11 quarters. The position peaked at $52.5M in Q2 2019. 259 funds tracked by Wall St. Rank hold TME as of Q3 2021.

Kingstown Capital Management reported no remaining Tencent Music position as of Q3 2021 after selling out during the quarter.
Kingstown Capital Management sold 350,000 Tencent Music shares in Q3 2021, an estimated $5.42M.
Kingstown Capital Management first reported a position in Tencent Music in Q4 2018 and held it in 11 quarters.
Kingstown Capital Management's Tencent Music position peaked at $52.5M in Q2 2019.
259 funds tracked by Wall St. Rank held Tencent Music as of Q3 2021.

Based on Kingstown Capital Management's 13F filing for Q3 2021, filed 15 Nov 2021.