We are live on ! Find out more
TME icon

Tencent Music
TME

253 hedge funds and large institutions have $3.8B invested in Tencent Music in 2023 Q4 according to their latest regulatory filings, with 47 funds opening new positions, 78 increasing their positions, 89 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more funds holding in top 10

Funds holding in top 10: 4 → 10 (+6)

59% more capital invested

Capital invested by funds: $2.39B → $3.8B (+$1.41B)

49% more call options, than puts

Call options by funds: $29.4M | Put options by funds: $19.7M

38% more first-time investments, than exits

New positions opened: 47 | Existing positions closed: 34

4% more funds holding

Funds holding: 243 → 253 (+10)

3.32% more ownership

Funds ownership: 21.27% → 24.59% (+3.3%)

12% less repeat investments, than reductions

Existing positions increased: 78 | Existing positions reduced: 89

Holders
253
Holders Change
+10
Holders Change %
+4.12%
% of All Funds
3.69%
Holding in Top 10
10
Holding in Top 10 Change
+6
Holding in Top 10 Change %
+150%
% of All Funds
0.15%
New
47
Increased
78
Reduced
89
Closed
34
Calls
$29.4M
Puts
$19.7M
Net Calls
+$9.62M
Net Calls Change
+$8.76M

Top Buyers

1
Invesco
Invesco
Georgia
+$96.5M
2
Citigroup
Citigroup
New York
+$82.9M
3
Marshall Wace
Marshall Wace
United Kingdom
+$73.2M
4
AMH
Aspex Management (HK)
Hong Kong
+$70M
5
Morgan Stanley
Morgan Stanley
New York
+$51.5M

Top Sellers

1
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
-$58.3M
2
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$27M
3
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$21.1M
4
Wellington Management Group
Wellington Management Group
Massachusetts
-$19.8M
5
PL
Perpetual Ltd
Australia
-$19.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
Deutsche Bank
26
Deutsche Bank
Germany
$34.3M +$11.4M +1,467,419 +63%
UBS Group
27
UBS Group
Switzerland
$31.9M +$15.4M +1,992,525 +129%
PAMI
28
Perseverance Asset Management International
Cayman Islands
$31.7M +$27.3M +3,523,247 New
PI
29
PineBridge Investments
New York
$28M +$19.1M +2,462,732 +380%
Franklin Resources
30
Franklin Resources
California
$24.9M -$10M -1,294,157 -32%
MAMHA
31
MY.Alpha Management HK Advisors
Hong Kong
$23.8M +$20.4M +2,640,553 New
Polen Capital Management
32
Polen Capital Management
Florida
$23.4M -$7.13M -921,880 -26%
LSV Asset Management
33
LSV Asset Management
Illinois
$21.7M -$198K -25,600 -1%
Bank of New York Mellon
34
Bank of New York Mellon
New York
$21.6M -$106K -13,725 -0.6%
Allianz Asset Management
35
Allianz Asset Management
Germany
$21.4M +$99.8K +12,898 +0.5%
OAM
36
Origin Asset Management
United Kingdom
$20.5M +$17.6M +2,271,870 New
Arrowstreet Capital
37
Arrowstreet Capital
Massachusetts
$19M +$16.4M +2,113,874 New
Pictet Asset Management
38
Pictet Asset Management
Switzerland
$18.1M -$5.72M -739,585 -27%
AAF
39
Andra AP-fonden
Sweden
$17.8M -$1.44M -185,800 -9%
Millennium Management
40
Millennium Management
New York
$17.8M -$966K -124,868 -6%
T. Rowe Price Associates
41
T. Rowe Price Associates
Maryland
$16.4M -$270K -34,857 -2%
Balyasny Asset Management
42
Balyasny Asset Management
Illinois
$15.4M -$5.09M -657,179 -28%
Sumitomo Mitsui Trust Group
43
Sumitomo Mitsui Trust Group
Japan
$15.3M -$396K -51,182 -3%
Swiss National Bank
44
Swiss National Bank
Switzerland
$15.2M -$641K -82,800 -5%
BA
45
Bridgewater Associates
Connecticut
$14.8M -$1.78M -230,284 -12%
Macquarie Group
46
Macquarie Group
Australia
$14.5M -$411K -53,130 -3%
Citadel Advisors
47
Citadel Advisors
Florida
$13.7M +$11.7M +1,514,196 +13,011%
BNP Paribas Financial Markets
48
BNP Paribas Financial Markets
France
$13.6M -$2.68M -346,642 -19%
PAM
49
Pinpoint Asset Management
Hong Kong
$13.5M +$5.04M +651,600 +77%
CS
50
Credit Suisse
Switzerland
$13.1M -$1.43M -185,056 -11%
1
2
3 4 5

TME Hedge Fund Activity: Q4 2023 in Review

253 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Tencent Music (TME) for Q4 2023, worth a combined $3.8B — up 59% from $2.39B a quarter earlier.

Buyers outnumbered sellers: 47 funds opened new TME positions and 34 closed out — a net gain of 13 holders — while 78 added to existing stakes and 89 trimmed.

The largest buyer was Invesco, adding an estimated $96.5M. The largest seller was Canada Pension Plan Investment Board, cutting an estimated $58.3M.

  • 253 institutional investors held Tencent Music (TME) as of Q4 2023, up from 243 in Q3 2023.
  • Funds reported $3.8B of Tencent Music stock for Q4 2023, up 59% quarter-over-quarter.
  • 47 funds opened new Tencent Music positions in Q4 2023 and 34 closed out, a net change of +13 holders.
  • The largest Tencent Music buyer in Q4 2023 was Invesco, an estimated $96.5M added.
  • The largest Tencent Music seller in Q4 2023 was Canada Pension Plan Investment Board, an estimated $58.3M sold.

Based on aggregated 13F filings for Q4 2023.