Tencent Music
205 hedge funds and large institutions have $3.15B invested in Tencent Music in 2019 Q4 according to their latest regulatory filings, with 58 funds opening new positions, 83 increasing their positions, 30 reducing their positions, and 20 closing their positions.
234% more call options, than puts
Call options by funds: $63.7M | Put options by funds: $19.1M
190% more first-time investments, than exits
New positions opened: 58 | Existing positions closed: 20
177% more repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 30
100% more funds holding in top 10
Funds holding in top 10: 6 → 12 (+6)
23% more funds holding
Funds holding: 167 → 205 (+38)
17% more capital invested
Capital invested by funds: $2.69B → $3.15B (+$461M)
9.36% more ownership
Funds ownership: 34.27% → 43.62% (+9.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$88.3M |
| 2 |
HAM
Honeycomb Asset Management
New York
|
+$73M |
| 3 |
JG
Jefferies Group
New York
|
+$62.9M |
| 4 |
CFM
Coronation Fund Managers
Cape Town,
South Africa
|
+$62.7M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$60.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$22.2M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$19.7M |
| 3 |
TAA
TB Alternative Assets
Grand Cayman,
Cayman Islands
|
-$11.5M |
| 4 |
KFA
Krane Funds Advisors
New York
|
-$11.3M |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$7.85M |
TME Hedge Fund Activity: Q4 2019 in Review
205 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Tencent Music (TME) for Q4 2019, worth a combined $3.15B — up 17% from $2.69B a quarter earlier.
Buyers outnumbered sellers: 58 funds opened new TME positions and 20 closed out — a net gain of 38 holders — while 83 added to existing stakes and 30 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $88.3M. The largest seller was Fidelity Investments, cutting an estimated $22.2M.
- 205 institutional investors held Tencent Music (TME) as of Q4 2019, up from 167 in Q3 2019.
- Funds reported $3.15B of Tencent Music stock for Q4 2019, up 17% quarter-over-quarter.
- 58 funds opened new Tencent Music positions in Q4 2019 and 20 closed out, a net change of +38 holders.
- The largest Tencent Music buyer in Q4 2019 was Morgan Stanley, an estimated $88.3M added.
- The largest Tencent Music seller in Q4 2019 was Fidelity Investments, an estimated $22.2M sold.
Based on aggregated 13F filings for Q4 2019.