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Tencent Music
TME

213 hedge funds and large institutions have $2.75B invested in Tencent Music in 2020 Q1 according to their latest regulatory filings, with 46 funds opening new positions, 71 increasing their positions, 54 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

52% more call options, than puts

Call options by funds: $68.9M | Put options by funds: $45.3M

31% more repeat investments, than reductions

Existing positions increased: 71 | Existing positions reduced: 54

31% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 35

4% more funds holding

Funds holding: 205 → 213 (+8)

13% less capital invested

Capital invested by funds: $3.15B → $2.75B (-$394M)

23.24% less ownership

Funds ownership: 43.62% → 20.38% (-23%)

25% less funds holding in top 10

Funds holding in top 10: 12 → 9 (-3)

Holders
213
Holders Change
+8
Holders Change %
+3.9%
% of All Funds
4.69%
Holding in Top 10
9
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-25%
% of All Funds
0.2%
New
46
Increased
71
Reduced
54
Closed
35
Calls
$68.9M
Puts
$45.3M
Net Calls
+$23.6M
Net Calls Change
-$21M

Top Buyers

1
VAM
Vontobel Asset Management
New York
+$167M
2
Wellington Management Group
Wellington Management Group
Massachusetts
+$163M
3
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
+$128M
4
HSBC Holdings
HSBC Holdings
United Kingdom
+$114M
5
TCM
Tybourne Capital Management
Hong Kong
+$98.6M

Top Sellers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$668M
2
DCP
D1 Capital Partners
New York
-$132M
3
HAM
Honeycomb Asset Management
New York
-$74.3M
4
JG
Jefferies Group
New York
-$55.4M
5
Goldman Sachs
Goldman Sachs
New York
-$45.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
D.E. Shaw & Co
226
D.E. Shaw & Co
New York
– -$632K -51,343 Closed
MC
227
Maplelane Capital
New York
– -$2.4M -50,000 Closed
PP
228
Prudential plc
United Kingdom
– -$551K -46,973 Closed
NIT
229
NumerixS Investment Technologies
British Columbia, Canada
– -$510K -43,400 Closed
NEI
230
Northwest & Ethical Investments
Ontario, Canada
– -$444K -37,755 Closed
AC
231
Athanor Capital
New York
– -$400K -34,100 Closed
FI
232
Fosun International
China
– -$370K -31,000 Closed
SSA
233
Schonfeld Strategic Advisors
New York
– -$292K -24,900 Closed
VOYA Investment Management
234
VOYA Investment Management
Georgia
– -$277K -23,621 Closed
Tudor Investment Corp
235
Tudor Investment Corp
Connecticut
– -$238K -20,280 Closed
Man Group
236
Man Group
United Kingdom
– -$218K -18,617 Closed
TSS
237
Two Sigma Securities
New York
– -$194K -15,726 Closed
BFS
238
Bradley Foster & Sargent
Connecticut
– -$118K -10,010 Closed
GEA
239
Glen Eagle Advisors
New Jersey
– -$23.5K -2,000 Closed
SFS
240
Sowell Financial Services
Arkansas
– -$14K -1,180 Closed
HI
241
Hoey Investments
Pennsylvania
– -$9K -750 Closed
APA
242
American Portfolios Advisors
New York
– -$6.75K -575 Closed
AA
243
Advisory Alpha
Michigan
– -$2.8K -200 Closed
BCA
244
Berman Capital Advisors
Georgia
– -$505 -41 Closed
Acadian Asset Management
245
Acadian Asset Management
Massachusetts
– -$25 -2 -5%
JPLA
246
Joseph P. Lucia & Associates
New York
– +$492 +40 New
6 7 8 9
10

TME Hedge Fund Activity: Q1 2020 in Review

213 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Tencent Music (TME) for Q1 2020, worth a combined $2.75B — down 13% from $3.15B a quarter earlier.

Buyers outnumbered sellers: 46 funds opened new TME positions and 35 closed out — a net gain of 11 holders — while 71 added to existing stakes and 54 trimmed.

The largest buyer was Vontobel Asset Management, opening a new position worth an estimated $167M. The largest seller was T. Rowe Price Associates, cutting an estimated $668M.

  • 213 institutional investors held Tencent Music (TME) as of Q1 2020, up from 205 in Q4 2019.
  • Funds reported $2.75B of Tencent Music stock for Q1 2020, down 13% quarter-over-quarter.
  • 46 funds opened new Tencent Music positions in Q1 2020 and 35 closed out, a net change of +11 holders.
  • The largest Tencent Music buyer in Q1 2020 was Vontobel Asset Management, an estimated $167M added.
  • The largest Tencent Music seller in Q1 2020 was T. Rowe Price Associates, an estimated $668M sold.

Based on aggregated 13F filings for Q1 2020.