Tencent Music
309 hedge funds and large institutions have $7.35B invested in Tencent Music in 2021 Q2 according to their latest regulatory filings, with 44 funds opening new positions, 148 increasing their positions, 81 reducing their positions, and 109 closing their positions.
83% more repeat investments, than reductions
Existing positions increased: 148 | Existing positions reduced: 81
11.37% less ownership
Funds ownership: 39.81% → 28.45% (-11%)
18% less funds holding
Funds holding: 375 → 309 (-66)
33% less capital invested
Capital invested by funds: $11B → $7.35B (-$3.61B)
56% less call options, than puts
Call options by funds: $188M | Put options by funds: $432M
60% less first-time investments, than exits
New positions opened: 44 | Existing positions closed: 109
61% less funds holding in top 10
Funds holding in top 10: 36 → 14 (-22)
Top Buyers
| 1 |
Invesco
Atlanta,
Georgia
|
+$341M |
| 2 |
BlackRock
New York
|
+$74.1M |
| 3 |
CFM
Coronation Fund Managers
Cape Town,
South Africa
|
+$72.8M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$68.9M |
| 5 |
State Street
Boston,
Massachusetts
|
+$68.4M |
Top Sellers
| 1 |
Jane Street
New York
|
-$338M |
| 2 |
D.E. Shaw & Co
New York
|
-$262M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$223M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$126M |
| 5 |
Fidelity International
Hamilton,
Bermuda
|
-$104M |
TME Hedge Fund Activity: Q2 2021 in Review
309 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Tencent Music (TME) for Q2 2021, worth a combined $7.35B — down 33% from $11B a quarter earlier.
Sellers outnumbered buyers: 109 funds closed out of TME and 44 opened new positions — a net loss of 65 holders — while 81 trimmed existing stakes and 148 added.
The largest buyer was Invesco, adding an estimated $341M. The largest seller was Jane Street, cutting an estimated $338M.
- 309 institutional investors held Tencent Music (TME) as of Q2 2021, down from 375 in Q1 2021.
- Funds reported $7.35B of Tencent Music stock for Q2 2021, down 33% quarter-over-quarter.
- 44 funds opened new Tencent Music positions in Q2 2021 and 109 closed out, a net change of -65 holders.
- The largest Tencent Music buyer in Q2 2021 was Invesco, an estimated $341M added.
- The largest Tencent Music seller in Q2 2021 was Jane Street, an estimated $338M sold.
Based on aggregated 13F filings for Q2 2021.