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Tencent Music
TME

255 hedge funds and large institutions have $3.31B invested in Tencent Music in 2023 Q1 according to their latest regulatory filings, with 49 funds opening new positions, 97 increasing their positions, 71 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more first-time investments, than exits

New positions opened: 49 | Existing positions closed: 34

37% more repeat investments, than reductions

Existing positions increased: 97 | Existing positions reduced: 71

12% more call options, than puts

Call options by funds: $27.6M | Put options by funds: $24.7M

5% more funds holding

Funds holding: 242 → 255 (+13)

2% more capital invested

Capital invested by funds: $3.25B → $3.31B (+$54.1M)

0.06% less ownership

Funds ownership: 23.93% → 23.87% (-0.06%)

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

Holders
255
Holders Change
+13
Holders Change %
+5.37%
% of All Funds
4.06%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.06%
New
49
Increased
97
Reduced
71
Closed
34
Calls
$27.6M
Puts
$24.7M
Net Calls
+$2.87M
Net Calls Change
-$21.3M

Top Buyers

1
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$68M
2
Norges Bank
Norges Bank
Norway
+$31.2M
3
Polen Capital Management
Polen Capital Management
Florida
+$26.7M
4
Goldman Sachs
Goldman Sachs
New York
+$14.6M
5
Renaissance Technologies
Renaissance Technologies
New York
+$9.59M

Top Sellers

1
HSBC Holdings
HSBC Holdings
United Kingdom
-$47.1M
2
KFA
Krane Funds Advisors
New York
-$28.3M
3
Two Sigma Investments
Two Sigma Investments
New York
-$28.1M
4
Fidelity Investments
Fidelity Investments
Massachusetts
-$24.3M
5
Invesco
Invesco
Georgia
-$22.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS AM
26
UBS AM
Illinois
$31.8M -$360K -43,957 -1%
Polen Capital Management
27
Polen Capital Management
Florida
$28.2M +$26.7M +3,267,137 +2,337%
Geode Capital Management
28
Geode Capital Management
Massachusetts
$27.5M +$850K +103,856 +3%
Two Sigma Investments
29
Two Sigma Investments
New York
$23.5M -$28.1M -3,436,478 -55%
Northern Trust
30
Northern Trust
Illinois
$21.5M +$4.92M +601,041 +30%
D.E. Shaw & Co
31
D.E. Shaw & Co
New York
$21.1M +$5.84M +713,612 +39%
Man Group
32
Man Group
United Kingdom
$20.5M -$18.6M -2,278,558 Closed
Bank of America
33
Bank of America
North Carolina
$19.8M +$8.55M +1,044,699 +77%
Bank of New York Mellon
34
Bank of New York Mellon
New York
$19.8M +$24K +2,928 +0.1%
HSBC Holdings
35
HSBC Holdings
United Kingdom
$17.7M -$47.1M -5,752,583 -73%
Swiss National Bank
36
Swiss National Bank
Switzerland
$16M +$22.9K +2,800 +0.1%
AAF
37
Andra AP-fonden
Sweden
$15.6M +$7.1M +867,600 +85%
BNP Paribas Financial Markets
38
BNP Paribas Financial Markets
France
$15.4M +$3.44M +420,480 +29%
Sumitomo Mitsui Trust Group
39
Sumitomo Mitsui Trust Group
Japan
$14.7M +$459K +56,061 +3%
UBS Group
40
UBS Group
Switzerland
$13.5M -$859K -105,043 -6%
Macquarie Group
41
Macquarie Group
Australia
$12.8M +$899K +109,827 +8%
CS
42
Credit Suisse
Switzerland
$12.8M -$1.43M -174,667 -10%
National Bank of Canada
43
National Bank of Canada
Quebec, Canada
$11.8M +$8.91M +1,089,165 +315%
BA
44
Bridgewater Associates
Connecticut
$11.7M -$7.98M -975,856 -41%
SFI
45
Susquehanna Fundamental Investments
Pennsylvania
$11.2M -$3.99M -487,105 -26%
Voloridge Investment Management
46
Voloridge Investment Management
Florida
$11M +$1.32M +160,753 +14%
Russell Investments Group
47
Russell Investments Group
United Kingdom
$10.7M +$257K +31,352 +3%
Ameriprise
48
Ameriprise
Minnesota
$9.78M +$1.63M +198,864 +20%
California Public Employees Retirement System
49
California Public Employees Retirement System
California
$9.57M -$1.45M -177,671 -13%
PP
50
Prudential plc
United Kingdom
$9.46M +$8.77M +1,071,449 +1,495%
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TME Hedge Fund Activity: Q1 2023 in Review

255 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Tencent Music (TME) for Q1 2023, worth a combined $3.31B — up 1.7% from $3.25B a quarter earlier.

Buyers outnumbered sellers: 49 funds opened new TME positions and 34 closed out — a net gain of 15 holders — while 97 added to existing stakes and 71 trimmed.

The largest buyer was Acadian Asset Management, adding an estimated $68M. The largest seller was HSBC Holdings, cutting an estimated $47.1M.

  • 255 institutional investors held Tencent Music (TME) as of Q1 2023, up from 242 in Q4 2022.
  • Funds reported $3.31B of Tencent Music stock for Q1 2023, up 1.7% quarter-over-quarter.
  • 49 funds opened new Tencent Music positions in Q1 2023 and 34 closed out, a net change of +15 holders.
  • The largest Tencent Music buyer in Q1 2023 was Acadian Asset Management, an estimated $68M added.
  • The largest Tencent Music seller in Q1 2023 was HSBC Holdings, an estimated $47.1M sold.

Based on aggregated 13F filings for Q1 2023.