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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
AIM
251
Artemis Investment Management
United Kingdom
– -$3.26M -441,972 Closed
NCL
252
Nishkama Capital LLC
Puerto Rico
– -$2.37M -321,330 Closed
Caisse de Depot et Placement du Quebec (CDPQ)
253
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
– -$2.32M -313,700 Closed
DWA
254
Dorsey Wright & Associates
California
– -$2.2M -297,717 Closed
QI
255
Qtron Investments
Massachusetts
– -$1.41M -191,386 Closed
GH
256
GAM Holding
Switzerland
– -$1.18M -160,042 Closed
OAM
257
Oberweis Asset Management
Illinois
– -$923K -125,000 Closed
Capital Fund Management (CFM)
258
Capital Fund Management (CFM)
France
– -$911K -123,489 Closed
EAM
259
Erste Asset Management
Austria
– -$664K -90,000 Closed
SBH
260
Segall Bryant & Hamill
Illinois
– -$592K -80,200 Closed
BAMF
261
BI Asset Management Fondsmaeglerselskab
Denmark
– -$521K -70,554 Closed
Stifel Financial
262
Stifel Financial
Missouri
– -$513K -69,464 Closed
IUHSA
263
Itau Unibanco Holding S.A.
Brazil
– -$478K -64,800 Closed
DT
264
Diversified Trust
Tennessee
– -$476K -64,488 Closed
Capstone Investment Advisors
265
Capstone Investment Advisors
New York
– -$464K -62,910 Closed
TC
266
TownSquare Capital
Utah
– -$456K -61,828 Closed
BHPW
267
Beverly Hills Private Wealth
California
– -$292K -45,394 Closed
MG
268
Marex Group
– -$296K -40,054 Closed
RJFSA
269
Raymond James Financial Services Advisors
Florida
– -$284K -38,427 Closed
BCM
270
Bayesian Capital Management
New York
– -$266K -36,105 Closed
VF
271
Virtu Financial
New York
– -$257K -34,778 Closed
DnB Asset Management
272
DnB Asset Management
Norway
– -$226K -30,661 Closed
AWM
273
Alterna Wealth Management
Texas
– -$225K -30,490 Closed
CGH
274
Crossmark Global Holdings
Texas
– -$197K -27,625 Closed
TSS
275
Two Sigma Securities
New York
– -$204K -27,605 Closed
8 9 10
11
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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.