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Tencent Music
TME

232 hedge funds and large institutions have $5.31B invested in Tencent Music in 2020 Q2 according to their latest regulatory filings, with 54 funds opening new positions, 99 increasing their positions, 47 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

111% more repeat investments, than reductions

Existing positions increased: 99 | Existing positions reduced: 47

93% more capital invested

Capital invested by funds: $2.75B → $5.31B (+$2.56B)

72% more call options, than puts

Call options by funds: $108M | Put options by funds: $62.6M

67% more funds holding in top 10

Funds holding in top 10: 9 → 15 (+6)

59% more first-time investments, than exits

New positions opened: 54 | Existing positions closed: 34

9.01% more ownership

Funds ownership: 20.38% → 29.39% (+9%)

9% more funds holding

Funds holding: 213 → 232 (+19)

Holders
232
Holders Change
+19
Holders Change %
+8.92%
% of All Funds
4.76%
Holding in Top 10
15
Holding in Top 10 Change
+6
Holding in Top 10 Change %
+66.67%
% of All Funds
0.31%
New
54
Increased
99
Reduced
47
Closed
34
Calls
$108M
Puts
$62.6M
Net Calls
+$45.3M
Net Calls Change
+$21.7M

Top Buyers

1
BlackRock
BlackRock
New York
+$215M
2
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
+$155M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$139M
4
CS
Credit Suisse
Switzerland
+$115M
5
Renaissance Technologies
Renaissance Technologies
New York
+$113M

Top Sellers

1
DCP
D1 Capital Partners
New York
-$127M
2
TCM
Tybourne Capital Management
Hong Kong
-$80.6M
3
Assenagon Asset Management
Assenagon Asset Management
Luxembourg
-$39.9M
4
KCM
Kingstown Capital Management
New York
-$26.6M
5
IC
Iconiq Capital
California
-$24M
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
26
UBS Group
Switzerland
$50.1M +$37.2M +3,143,378 +544%
TIAM
27
TT International Asset Management
United Kingdom
$49.3M +$43.4M +3,665,087 New
Deutsche Bank
28
Deutsche Bank
Germany
$41.5M +$27.3M +2,309,254 +298%
Legal & General Group
29
Legal & General Group
United Kingdom
$39.2M +$24.9M +2,101,208 +258%
Tiger Global Management
30
Tiger Global Management
New York
$36.3M – – –
BAMCO Inc
31
BAMCO Inc
New York
$36M +$14.2M +1,196,974 +81%
Lazard Asset Management
32
Lazard Asset Management
New York
$35.7M +$28.5M +2,403,496 +955%
GKIM
33
GW&K Investment Management
Massachusetts
$35M +$3.65M +308,371 +13%
UBS AM
34
UBS AM
Illinois
$34.7M +$14.5M +1,227,685 +91%
Two Sigma Investments
35
Two Sigma Investments
New York
$33.2M -$7.75M -654,038 -21%
IC
36
Iconiq Capital
California
$30.7M -$24M -2,026,823 -47%
N
37
Nuveen
North Carolina
$30.1M +$24.8M +2,092,900 +1,487%
Northern Trust
38
Northern Trust
Illinois
$27.9M +$13.6M +1,146,621 +124%
JP Morgan Chase
39
JP Morgan Chase
New York
$26.7M +$14.4M +1,220,006 +160%
Nomura Holdings
40
Nomura Holdings
Japan
$25.8M +$22.7M +1,919,015 New
Blackstone Inc
41
Blackstone Inc
New York
$25.8M +$22.7M +1,915,725 New
Millennium Management
42
Millennium Management
New York
$25.8M -$1.26M -106,265 -5%
Jane Street
43
Jane Street
New York
$25M +$14.9M +1,254,278 +208%
KCM
44
Kingstown Capital Management
New York
$23.6M -$26.6M -2,250,000 -56%
Allianz Asset Management
45
Allianz Asset Management
Germany
$23.1M +$7.81M +659,574 +63%
BP
46
BFAM Partners
Hong Kong
$21.6M +$19M +1,608,300 New
PAMU
47
Pictet Asset Management (UK)
United Kingdom
$21.2M +$17.2M +1,453,145 +1,188%
Manulife (Manufacturers Life Insurance)
48
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$20.6M +$18.3M +1,541,992 +12,435%
Teacher Retirement System of Texas
49
Teacher Retirement System of Texas
Texas
$20.6M +$1.05M +88,994 +6%
ECM
50
Element Capital Management
New York
$19.8M +$17.4M +1,472,705 New
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TME Hedge Fund Activity: Q2 2020 in Review

232 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Tencent Music (TME) for Q2 2020, worth a combined $5.31B — up 93% from $2.75B a quarter earlier.

Buyers outnumbered sellers: 54 funds opened new TME positions and 34 closed out — a net gain of 20 holders — while 99 added to existing stakes and 47 trimmed.

The largest buyer was BlackRock, adding an estimated $215M. The largest seller was D1 Capital Partners, exiting entirely with an estimated $127M sold.

  • 232 institutional investors held Tencent Music (TME) as of Q2 2020, up from 213 in Q1 2020.
  • Funds reported $5.31B of Tencent Music stock for Q2 2020, up 93% quarter-over-quarter.
  • 54 funds opened new Tencent Music positions in Q2 2020 and 34 closed out, a net change of +20 holders.
  • The largest Tencent Music buyer in Q2 2020 was BlackRock, an estimated $215M added.
  • The largest Tencent Music seller in Q2 2020 was D1 Capital Partners, an estimated $127M sold.

Based on aggregated 13F filings for Q2 2020.