Tencent Music
239 hedge funds and large institutions have $7.09B invested in Tencent Music in 2020 Q3 according to their latest regulatory filings, with 54 funds opening new positions, 92 increasing their positions, 61 reducing their positions, and 44 closing their positions.
51% more repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 61
41% more call options, than puts
Call options by funds: $122M | Put options by funds: $86.6M
33% more capital invested
Capital invested by funds: $5.31B → $7.09B (+$1.78B)
23% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 44
6.43% more ownership
Funds ownership: 29.39% → 35.83% (+6.4%)
3% more funds holding
Funds holding: 232 → 239 (+7)
20% less funds holding in top 10
Funds holding in top 10: 15 → 12 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$471M |
| 2 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$351M |
| 3 |
Ninety One (UK)
London,
United Kingdom
|
+$298M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$174M |
| 5 |
N
Natixis
Paris,
France
|
+$93.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HSBC Holdings
London,
United Kingdom
|
-$112M |
| 2 |
CCM
CAAS Capital Management
New York
|
-$68.1M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$59.9M |
| 4 |
TPC
Tiger Pacific Capital
New York
|
-$52.8M |
| 5 |
Schroder Investment Management Group
London,
United Kingdom
|
-$38.7M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
276
Public Sector Pension Investment Board (PSP Investments)
Montreal,
Quebec, Canada
| – | -$146K | -10,876 | Closed |
|
|
AL
277
AJO LP
Philadelphia,
Pennsylvania
| – | -$84K | -6,271 | Closed |
|
|
FC
278
FORA Capital
Miami,
Florida
| – | -$63K | -4,676 | Closed |
|
|
VFA
279
Valeo Financial Advisors
Carmel,
Indiana
| – | -$7K | -500 | Closed |
|
|
CAN
280
Cetera Advisor Networks
El Segundo,
California
| – | -$3K | -200 | Closed |
|
|
BL
281
Balentine LLC
Atlanta,
Georgia
| – | -$2K | -117 | Closed |
|
|
JPLA
282
Joseph P. Lucia & Associates
Yorktown Heights,
New York
| – | -$1K | -40 | Closed |
|
|
LC
283
Lindbrook Capital
Calabasas,
California
| – | +$515 | +33 | New |
|
TME Hedge Fund Activity: Q3 2020 in Review
239 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Tencent Music (TME) for Q3 2020, worth a combined $7.09B — up 33% from $5.31B a quarter earlier.
Buyers outnumbered sellers: 54 funds opened new TME positions and 44 closed out — a net gain of 10 holders — while 92 added to existing stakes and 61 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $471M. The largest seller was HSBC Holdings, cutting an estimated $112M.
- 239 institutional investors held Tencent Music (TME) as of Q3 2020, up from 232 in Q2 2020.
- Funds reported $7.09B of Tencent Music stock for Q3 2020, up 33% quarter-over-quarter.
- 54 funds opened new Tencent Music positions in Q3 2020 and 44 closed out, a net change of +10 holders.
- The largest Tencent Music buyer in Q3 2020 was Morgan Stanley, an estimated $471M added.
- The largest Tencent Music seller in Q3 2020 was HSBC Holdings, an estimated $112M sold.
Based on aggregated 13F filings for Q3 2020.