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Tencent Music
TME

257 hedge funds and large institutions have $10.9B invested in Tencent Music in 2020 Q4 according to their latest regulatory filings, with 59 funds opening new positions, 85 increasing their positions, 78 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

64% more first-time investments, than exits

New positions opened: 59 | Existing positions closed: 36

54% more capital invested

Capital invested by funds: $7.09B → $10.9B (+$3.81B)

8% more funds holding

Funds holding: 239 → 257 (+18)

6.33% more ownership

Funds ownership: 35.83% → 42.16% (+6.3%)

9% more repeat investments, than reductions

Existing positions increased: 85 | Existing positions reduced: 78

6% more call options, than puts

Call options by funds: $164M | Put options by funds: $155M

0% more funds holding in top 10

Funds holding in top 10: 12 → 12 (0)

Holders
257
Holders Change
+18
Holders Change %
+7.53%
% of All Funds
4.55%
Holding in Top 10
12
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.21%
New
59
Increased
85
Reduced
78
Closed
36
Calls
$164M
Puts
$155M
Net Calls
+$9.04M
Net Calls Change
-$26.6M

Top Buyers

1
CS
Credit Suisse
Switzerland
+$643M
2
Nomura Holdings
Nomura Holdings
Japan
+$488M
3
Goldman Sachs
Goldman Sachs
New York
+$266M
4
Deutsche Bank
Deutsche Bank
Germany
+$109M
5
Morgan Stanley
Morgan Stanley
New York
+$73.2M

Top Sellers

1
MICM
Matthews International Capital Management
California
-$102M
2
N
Natixis
France
-$64.1M
3
Tiger Global Management
Tiger Global Management
New York
-$39.9M
4
HIP
Hengistbury Investment Partners
United Kingdom
-$39.4M
5
BAMCO Inc
BAMCO Inc
New York
-$33.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Lazard Asset Management
26
Lazard Asset Management
New York
$97.1M -$624K -38,422 -0.8%
Assenagon Asset Management
27
Assenagon Asset Management
Luxembourg
$85.9M +$10.4M +639,191 +17%
KFA
28
Krane Funds Advisors
New York
$80M -$30.2M -1,856,008 -31%
CCM
29
CAAS Capital Management
New York
$62.7M +$53M +3,260,604 New
VCM
30
Voleon Capital Management
California
$61.6M +$52M +3,200,000 New
California Public Employees Retirement System
31
California Public Employees Retirement System
California
$59.3M +$32.1M +1,977,425 +179%
CAM
32
Crake Asset Management
United Kingdom
$56.4M +$47.6M +2,930,000 New
Citigroup
33
Citigroup
New York
$56.3M +$7.84M +482,202 +20%
Franklin Resources
34
Franklin Resources
California
$56.2M -$31.1M -1,915,429 -40%
GKIM
35
GW&K Investment Management
Massachusetts
$54.9M +$2.08M +127,825 +5%
Legal & General Group
36
Legal & General Group
United Kingdom
$53.7M -$790K -48,634 -2%
APG Asset Management
37
APG Asset Management
Netherlands
$52.4M -$7.73M -475,400 -12%
AGA
38
Altrinsic Global Advisors
Connecticut
$52.4M +$43.9M +2,703,604 +14,411%
AG
39
AIA Group
Hong Kong
$51.5M +$31.6M +1,946,520 +14,973%
NONA
40
Ninety One North America
New York
$41.6M -$674K -41,496 -2%
Northern Trust
41
Northern Trust
Illinois
$40.8M +$299K +18,423 +0.9%
N
42
Natixis
France
$39.9M -$64.1M -3,943,610 -66%
DCM
43
Driehaus Capital Management
Illinois
$37.6M +$31.8M +1,954,712 New
TPC
44
Tiger Pacific Capital
New York
$35.8M -$23.3M -1,432,354 -44%
NSRI
45
New Silk Road Investment
Singapore
$35.6M -$11.9M -731,000 -28%
Dimensional Fund Advisors
46
Dimensional Fund Advisors
Texas
$31.6M +$24.8M +1,523,865 +1,262%
Allianz Asset Management
47
Allianz Asset Management
Germany
$30M -$1.39M -85,652 -5%
Teacher Retirement System of Texas
48
Teacher Retirement System of Texas
Texas
$29.3M -$77.8K -4,789 -0.3%
VanEck Associates
49
VanEck Associates
New York
$28.3M -$1.06M -65,000 -4%
Mitsubishi UFJ Trust & Banking
50
Mitsubishi UFJ Trust & Banking
Japan
$25.5M +$222K +13,642 +1%
1
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3 4 5

TME Hedge Fund Activity: Q4 2020 in Review

257 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Tencent Music (TME) for Q4 2020, worth a combined $10.9B — up 54% from $7.09B a quarter earlier.

Buyers outnumbered sellers: 59 funds opened new TME positions and 36 closed out — a net gain of 23 holders — while 85 added to existing stakes and 78 trimmed.

The largest buyer was Credit Suisse, adding an estimated $643M. The largest seller was Matthews International Capital Management, cutting an estimated $102M.

  • 257 institutional investors held Tencent Music (TME) as of Q4 2020, up from 239 in Q3 2020.
  • Funds reported $10.9B of Tencent Music stock for Q4 2020, up 54% quarter-over-quarter.
  • 59 funds opened new Tencent Music positions in Q4 2020 and 36 closed out, a net change of +23 holders.
  • The largest Tencent Music buyer in Q4 2020 was Credit Suisse, an estimated $643M added.
  • The largest Tencent Music seller in Q4 2020 was Matthews International Capital Management, an estimated $102M sold.

Based on aggregated 13F filings for Q4 2020.