RBF Capital’s Tencent Music TME Stock Holding History

RBF Capital’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	-31,000	Closed	-$724K	–	608
2025 Q3	$724K	Hold	31,000	–	–	0.03%	360
2025 Q2	$604K	Hold	31,000	–	–	0.03%	392
2025 Q1	$447K	Hold	31,000	–	–	0.03%	403
2024 Q4	$409K	Hold	31,000	–	–	0.02%	424
2024 Q3	$416K	Hold	31,000	–	–	0.02%	448
2024 Q2	$436K	Sell	31,000 -4,000	-11%	-$53.7K	0.03%	416
2024 Q1	$392K	Hold	35,000	–	–	0.02%	441
2023 Q4	$315K	Hold	35,000	–	–	0.02%	449
2023 Q3	$223K	Sell	35,000 -90,000	-72%	-$600K	0.01%	456
2023 Q2	$923K	Hold	125,000	–	–	0.06%	277
2023 Q1	$1.04M	Hold	125,000	–	–	0.08%	243
2022 Q4	$1.04M	Sell	125,000 -40,000	-24%	-$225K	0.08%	239
2022 Q3	$670K	Sell	165,000 -10,000	-6%	-$45.5K	0.06%	283
2022 Q2	$879K	Hold	175,000	–	–	0.06%	277
2022 Q1	$869K	Sell	175,000 -50,000	-22%	-$281K	0.06%	298
2021 Q4	$1.54M	Buy	225,000 +100,000	+80%	+$737K	0.09%	209
2021 Q3	$906K	Sell	125,000 -60,000	-32%	-$588K	0.05%	280
2021 Q2	$2.86M	Sell	185,000 -140,000	-43%	-$2.32M	0.16%	135
2021 Q1	$6.66M	Buy	+325,000	New	+$8.24M	0.42%	51

Other funds holding TME

Schroder Investment Management Group London, United Kingdom $122B AUM 29.27% 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

KFA

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

CCM

Cantillon Capital Management New York $665M AUM 25.91% 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 $159M AUM

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

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

RBF Capital's TME Position: Q4 2025 in Review

RBF Capital sold out of Tencent Music (TME) in Q4 2025, closing a stake of 31,000 shares — an estimated $724K sold.

RBF Capital first reported a position in TME in Q1 2021 and held it in 19 quarters. The position peaked at $6.66M in Q1 2021. 342 funds tracked by Wall St. Rank hold TME as of Q4 2025.

RBF Capital reported no remaining Tencent Music position as of Q4 2025 after selling out during the quarter.
RBF Capital sold 31,000 Tencent Music shares in Q4 2025, an estimated $724K.
RBF Capital first reported a position in Tencent Music in Q1 2021 and held it in 19 quarters.
RBF Capital's Tencent Music position peaked at $6.66M in Q1 2021.
342 funds tracked by Wall St. Rank held Tencent Music as of Q4 2025.

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