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Tencent Music
TME

243 hedge funds and large institutions have $2.39B invested in Tencent Music in 2023 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 95 increasing their positions, 94 reducing their positions, and 53 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

5% more call options, than puts

Call options by funds: $18.7M | Put options by funds: $17.9M

1% more repeat investments, than reductions

Existing positions increased: 95 | Existing positions reduced: 94

3.01% less ownership

Funds ownership: 24.28% → 21.27% (-3%)

12% less funds holding

Funds holding: 275 → 243 (-32)

20% less capital invested

Capital invested by funds: $3B → $2.39B (-$606M)

58% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 53

Holders
243
Holders Change
-32
Holders Change %
-11.64%
% of All Funds
3.86%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.06%
New
22
Increased
95
Reduced
94
Closed
53
Calls
$18.7M
Puts
$17.9M
Net Calls
+$863K
Net Calls Change
-$3.93M

Top Buyers

1
BlackRock
BlackRock
New York
+$57.3M
2
Wellington Management Group
Wellington Management Group
Massachusetts
+$28.8M
3
Norges Bank
Norges Bank
Norway
+$20.4M
4
KFA
Krane Funds Advisors
New York
+$18.7M
5
CC
Carrhae Capital
United Kingdom
+$17.8M

Top Sellers

1
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$80.8M
2
CCM
Causeway Capital Management
California
-$44.7M
3
OAM
Origin Asset Management
United Kingdom
-$33.9M
4
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
-$33.6M
5
Robeco Institutional Asset Management
Robeco Institutional Asset Management
Netherlands
-$24M
Name Holding Trade Value Shares
Change 		Change in
Stake
FDCDDQ
226
Federation des caisses Desjardins du Quebec
Quebec, Canada
$5.78K +$707 +106 +13%
AF
227
Allworth Financial
California
$4.71K +$327 +49 +7%
CSPIA
228
Cary Street Partners Investment Advisory
Virginia
$3.58K – – –
BAM
229
Byrne Asset Management
New Jersey
$3K +$1.33K +200 +67%
CAM
230
ClariVest Asset Management
California
$3K +$1.56K +234 +141%
BTI
231
Blue Trust Inc
Georgia
$3K +$1.8K +270 +248%
GRP
232
Global Retirement Partners
California
$1.85K – – –
JWA
233
JFS Wealth Advisors
Pennsylvania
$1.26K -$293 -44 -18%
BIA
234
Bell Investment Advisors
California
$1.26K – – –
SIS
235
Sound Income Strategies
Florida
$1.03K – – –
CSB
236
City State Bank
Iowa
$1K – – –
HNB
237
Huntington National Bank
Ohio
$937 -$7 -1 -0.7%
AA
238
Ancora Advisors
Ohio
$740 – – –
UB
239
UMB Bank
Missouri
$434 – – –
APC
240
Aspire Private Capital
North Carolina
$331 -$20 -3 -5%
AWA
241
Authentikos Wealth Advisory
California
$319 +$333 +50 New
TPCW
242
TD Private Client Wealth
New York
$274 -$313 -47 -52%
AWM
243
Abound Wealth Management
Tennessee
$186 – – –
CCM
244
Causeway Capital Management
California
– -$44.7M -6,052,922 Closed
OAM
245
Origin Asset Management
United Kingdom
– -$33.9M -4,589,150 Closed
Man Group
246
Man Group
United Kingdom
– -$23.5M -3,183,746 Closed
Arrowstreet Capital
247
Arrowstreet Capital
Massachusetts
– -$21.9M -2,963,552 Closed
DCM
248
Driehaus Capital Management
Illinois
– -$19.4M -2,626,317 Closed
CSS
249
Cubist Systematic Strategies
Connecticut
– -$4.51M -677,011 Closed
ECM
250
ExodusPoint Capital Management
New York
– -$3.85M -521,352 Closed
8 9
10
11 12

TME Hedge Fund Activity: Q3 2023 in Review

243 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Tencent Music (TME) for Q3 2023, worth a combined $2.39B — down 20% from $3B a quarter earlier.

Sellers outnumbered buyers: 53 funds closed out of TME and 22 opened new positions — a net loss of 31 holders — while 94 trimmed existing stakes and 95 added.

The largest buyer was BlackRock, adding an estimated $57.3M. The largest seller was Acadian Asset Management, cutting an estimated $80.8M.

  • 243 institutional investors held Tencent Music (TME) as of Q3 2023, down from 275 in Q2 2023.
  • Funds reported $2.39B of Tencent Music stock for Q3 2023, down 20% quarter-over-quarter.
  • 22 funds opened new Tencent Music positions in Q3 2023 and 53 closed out, a net change of -31 holders.
  • The largest Tencent Music buyer in Q3 2023 was BlackRock, an estimated $57.3M added.
  • The largest Tencent Music seller in Q3 2023 was Acadian Asset Management, an estimated $80.8M sold.

Based on aggregated 13F filings for Q3 2023.