Tencent Music
275 hedge funds and large institutions have $3B invested in Tencent Music in 2023 Q2 according to their latest regulatory filings, with 51 funds opening new positions, 99 increasing their positions, 86 reducing their positions, and 31 closing their positions.
65% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 31
31% more call options, than puts
Call options by funds: $20.3M | Put options by funds: $15.5M
15% more repeat investments, than reductions
Existing positions increased: 99 | Existing positions reduced: 86
8% more funds holding
Funds holding: 255 → 275 (+20)
0.41% more ownership
Funds ownership: 23.87% → 24.28% (+0.41%)
9% less capital invested
Capital invested by funds: $3.31B → $3B (-$306M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Acadian Asset Management
Boston,
Massachusetts
|
+$55.1M |
| 2 |
Man Group
London,
United Kingdom
|
+$24.1M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$20.3M |
| 4 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$19.8M |
| 5 |
Goldman Sachs
New York
|
+$18.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KFA
Krane Funds Advisors
New York
|
-$106M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
-$57.8M |
| 3 |
EFM
E Fund Management
Guangzhou,
China
|
-$39.2M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$31M |
| 5 |
Two Sigma Investments
New York
|
-$19.8M |
TME Hedge Fund Activity: Q2 2023 in Review
275 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Tencent Music (TME) for Q2 2023, worth a combined $3B — down 9.2% from $3.31B a quarter earlier.
Buyers outnumbered sellers: 51 funds opened new TME positions and 31 closed out — a net gain of 20 holders — while 99 added to existing stakes and 86 trimmed.
The largest buyer was Acadian Asset Management, adding an estimated $55.1M. The largest seller was Krane Funds Advisors, cutting an estimated $106M.
- 275 institutional investors held Tencent Music (TME) as of Q2 2023, up from 255 in Q1 2023.
- Funds reported $3B of Tencent Music stock for Q2 2023, down 9.2% quarter-over-quarter.
- 51 funds opened new Tencent Music positions in Q2 2023 and 31 closed out, a net change of +20 holders.
- The largest Tencent Music buyer in Q2 2023 was Acadian Asset Management, an estimated $55.1M added.
- The largest Tencent Music seller in Q2 2023 was Krane Funds Advisors, an estimated $106M sold.
Based on aggregated 13F filings for Q2 2023.