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Tencent Music
TME

213 hedge funds and large institutions have $2.75B invested in Tencent Music in 2020 Q1 according to their latest regulatory filings, with 46 funds opening new positions, 71 increasing their positions, 54 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

52% more call options, than puts

Call options by funds: $68.9M | Put options by funds: $45.3M

31% more repeat investments, than reductions

Existing positions increased: 71 | Existing positions reduced: 54

31% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 35

4% more funds holding

Funds holding: 205 → 213 (+8)

13% less capital invested

Capital invested by funds: $3.15B → $2.75B (-$394M)

23.24% less ownership

Funds ownership: 43.62% → 20.38% (-23%)

25% less funds holding in top 10

Funds holding in top 10: 12 → 9 (-3)

Holders
213
Holders Change
+8
Holders Change %
+3.9%
% of All Funds
4.69%
Holding in Top 10
9
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-25%
% of All Funds
0.2%
New
46
Increased
71
Reduced
54
Closed
35
Calls
$68.9M
Puts
$45.3M
Net Calls
+$23.6M
Net Calls Change
-$21M

Top Buyers

1
VAM
Vontobel Asset Management
New York
+$167M
2
Wellington Management Group
Wellington Management Group
Massachusetts
+$163M
3
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
+$128M
4
HSBC Holdings
HSBC Holdings
United Kingdom
+$114M
5
TCM
Tybourne Capital Management
Hong Kong
+$98.6M

Top Sellers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$668M
2
DCP
D1 Capital Partners
New York
-$132M
3
HAM
Honeycomb Asset Management
New York
-$74.3M
4
JG
Jefferies Group
New York
-$55.4M
5
Goldman Sachs
Goldman Sachs
New York
-$45.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
Tiger Global Management
26
Tiger Global Management
New York
$27.2M – – –
Renaissance Technologies
27
Renaissance Technologies
New York
$27.1M +$29.6M +2,408,200 +857%
TAA
28
TB Alternative Assets
Cayman Islands
$23.6M +$28.9M +2,350,300 New
GKIM
29
GW&K Investment Management
Massachusetts
$23M +$7.85M +637,749 +39%
Millennium Management
30
Millennium Management
New York
$20.3M +$1.6M +130,208 +7%
State Street
31
State Street
Massachusetts
$18.9M +$1.45M +117,890 +7%
Norges Bank
32
Norges Bank
Norway
$16.3M +$9.57M +777,124 +93%
LP
33
LMR Partners
United Kingdom
$16.2M +$20.7M +1,678,219 New
BAMCO Inc
34
BAMCO Inc
New York
$14.9M +$49K +3,983 +0.3%
Barclays
35
Barclays
United Kingdom
$14.6M +$7.83M +636,530 +78%
Teacher Retirement System of Texas
36
Teacher Retirement System of Texas
Texas
$14.5M -$1.23M -100,000 -6%
UBS AM
37
UBS AM
Illinois
$13.6M +$16.6M +1,351,569 New
Parallax Volatility Advisers
38
Parallax Volatility Advisers
California
$12.8M +$15.2M +1,232,686 +3,005%
Temasek Holdings
39
Temasek Holdings
Singapore
$12.5M – – –
VanEck Associates
40
VanEck Associates
New York
$12.1M +$1.26M +102,000 +9%
Franklin Resources
41
Franklin Resources
California
$11.2M +$13.1M +1,066,241 +2,470%
BBVA
42
Banco Bilbao Vizcaya Argentaria
Spain
$11.1M +$13.5M +1,100,000 New
Mirae Asset Global Investments
43
Mirae Asset Global Investments
South Korea
$10.8M +$813K +66,025 +7%
Allianz Asset Management
44
Allianz Asset Management
Germany
$10.6M +$3.68M +299,201 +40%
BIM
45
Bogle Investment Management
Massachusetts
$9.56M +$11.7M +950,271 New
Northern Trust
46
Northern Trust
Illinois
$9.3M +$3.52M +286,296 +45%
Two Sigma Advisers
47
Two Sigma Advisers
New York
$8.41M +$8.53M +692,900 +484%
Legal & General Group
48
Legal & General Group
United Kingdom
$8.18M +$1.06M +85,760 +12%
HLAM
49
Hidden Lake Asset Management
New York
$7.8M +$9.54M +775,466 New
Deutsche Bank
50
Deutsche Bank
Germany
$7.79M -$12.6M -1,022,739 -57%
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TME Hedge Fund Activity: Q1 2020 in Review

213 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Tencent Music (TME) for Q1 2020, worth a combined $2.75B — down 13% from $3.15B a quarter earlier.

Buyers outnumbered sellers: 46 funds opened new TME positions and 35 closed out — a net gain of 11 holders — while 71 added to existing stakes and 54 trimmed.

The largest buyer was Vontobel Asset Management, opening a new position worth an estimated $167M. The largest seller was T. Rowe Price Associates, cutting an estimated $668M.

  • 213 institutional investors held Tencent Music (TME) as of Q1 2020, up from 205 in Q4 2019.
  • Funds reported $2.75B of Tencent Music stock for Q1 2020, down 13% quarter-over-quarter.
  • 46 funds opened new Tencent Music positions in Q1 2020 and 35 closed out, a net change of +11 holders.
  • The largest Tencent Music buyer in Q1 2020 was Vontobel Asset Management, an estimated $167M added.
  • The largest Tencent Music seller in Q1 2020 was T. Rowe Price Associates, an estimated $668M sold.

Based on aggregated 13F filings for Q1 2020.