Tencent Music
253 hedge funds and large institutions have $3.8B invested in Tencent Music in 2023 Q4 according to their latest regulatory filings, with 47 funds opening new positions, 78 increasing their positions, 89 reducing their positions, and 34 closing their positions.
150% more funds holding in top 10
Funds holding in top 10: 4 → 10 (+6)
59% more capital invested
Capital invested by funds: $2.39B → $3.8B (+$1.41B)
49% more call options, than puts
Call options by funds: $29.4M | Put options by funds: $19.7M
38% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 34
4% more funds holding
Funds holding: 243 → 253 (+10)
3.32% more ownership
Funds ownership: 21.27% → 24.59% (+3.3%)
12% less repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 89
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$96.5M |
| 2 |
Citigroup
New York
|
+$82.9M |
| 3 |
Marshall Wace
London,
United Kingdom
|
+$73.2M |
| 4 |
AMH
Aspex Management (HK)
Central,
Hong Kong
|
+$70M |
| 5 |
Morgan Stanley
New York
|
+$51.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$58.3M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
-$27M |
| 3 |
D.E. Shaw & Co
New York
|
-$21.1M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$19.8M |
| 5 |
PL
Perpetual Ltd
Sydney, New South Wales,
Australia
|
-$19.6M |
TME Hedge Fund Activity: Q4 2023 in Review
253 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Tencent Music (TME) for Q4 2023, worth a combined $3.8B — up 59% from $2.39B a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new TME positions and 34 closed out — a net gain of 13 holders — while 78 added to existing stakes and 89 trimmed.
The largest buyer was Invesco, adding an estimated $96.5M. The largest seller was Canada Pension Plan Investment Board, cutting an estimated $58.3M.
- 253 institutional investors held Tencent Music (TME) as of Q4 2023, up from 243 in Q3 2023.
- Funds reported $3.8B of Tencent Music stock for Q4 2023, up 59% quarter-over-quarter.
- 47 funds opened new Tencent Music positions in Q4 2023 and 34 closed out, a net change of +13 holders.
- The largest Tencent Music buyer in Q4 2023 was Invesco, an estimated $96.5M added.
- The largest Tencent Music seller in Q4 2023 was Canada Pension Plan Investment Board, an estimated $58.3M sold.
Based on aggregated 13F filings for Q4 2023.