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Tencent Music
TME

341 hedge funds and large institutions have $7.85B invested in Tencent Music in 2025 Q4 according to their latest regulatory filings, with 56 funds opening new positions, 122 increasing their positions, 121 reducing their positions, and 66 closing their positions.

New
Increased
Maintained
Reduced
Closed

90% more call options, than puts

Call options by funds: $85.9M | Put options by funds: $45.2M

14.89% more ownership

Funds ownership: 47.53% → 62.42% (+15%)

1% more repeat investments, than reductions

Existing positions increased: 122 | Existing positions reduced: 121

5% less funds holding

Funds holding: 358 → 341 (-17)

15% less first-time investments, than exits

New positions opened: 56 | Existing positions closed: 66

17% less capital invested

Capital invested by funds: $9.5B → $7.85B (-$1.65B)

50% less funds holding in top 10

Funds holding in top 10: 12 → 6 (-6)

Holders
341
Holders Change
-17
Holders Change %
-4.75%
% of All Funds
4.15%
Holding in Top 10
6
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-50%
% of All Funds
0.07%
New
56
Increased
122
Reduced
121
Closed
66
Calls
$85.9M
Puts
$45.2M
Net Calls
+$40.7M
Net Calls Change
-$49.3M

Top Buyers

1
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
+$376M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$105M
3
GCCM
Green Court Capital Management
Hong Kong
+$98.5M
4
Invesco
Invesco
Georgia
+$93.9M
5
Sumitomo Mitsui Trust Group
Sumitomo Mitsui Trust Group
Japan
+$88.6M

Top Sellers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$93.7M
2
Capital World Investors
Capital World Investors
California
-$69.8M
3
DCM
Driehaus Capital Management
Illinois
-$69.7M
4
Artisan Partners
Artisan Partners
Wisconsin
-$62.3M
5
Jane Street
Jane Street
New York
-$57.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
Ameriprise
26
Ameriprise
Minnesota
$67.4M +$36.6M +1,804,226 +88%
Geode Capital Management
27
Geode Capital Management
Massachusetts
$66.6M +$4.44M +218,949 +6%
Qube Research & Technologies (QRT)
28
Qube Research & Technologies (QRT)
United Kingdom
$64.8M +$36.4M +1,795,480 +95%
SEI Investments
29
SEI Investments
Pennsylvania
$63.2M -$941K -46,380 -1%
William Blair Investment Management
30
William Blair Investment Management
Illinois
$63M -$3.77M -185,808 -5%
Allspring Global Investments
31
Allspring Global Investments
North Carolina
$62.5M +$7.09M +349,470 +11%
Dimensional Fund Advisors
32
Dimensional Fund Advisors
Texas
$60.8M -$51.6K -2,544 -0.1%
Legal & General Group
33
Legal & General Group
United Kingdom
$60.1M -$8.16M -402,327 -11%
HSBC Holdings
34
HSBC Holdings
United Kingdom
$54.7M -$1.08M -53,292 -2%
Amundi
35
Amundi
France
$51.7M +$59.8M +2,949,595 New
Northern Trust
36
Northern Trust
Illinois
$47.5M -$1.43M -70,698 -3%
Temasek Holdings
37
Temasek Holdings
Singapore
$44.9M +$30.8M +1,517,481 +146%
BNP Paribas Financial Markets
38
BNP Paribas Financial Markets
France
$40.7M +$9.87M +486,682 +27%
MAMU
39
Marathon Asset Management (UK)
United Kingdom
$40.4M -$11.3M -559,011 -20%
BAMCO Inc
40
BAMCO Inc
New York
$36.3M +$4.65M +229,069 +12%
D.E. Shaw & Co
41
D.E. Shaw & Co
New York
$34.3M +$27.1M +1,337,666 +216%
BNP Paribas Asset Management
42
BNP Paribas Asset Management
France
$32.2M +$14.5M +713,393 +64%
Nordea Investment Management
43
Nordea Investment Management
Sweden
$30.7M +$2.04M +100,610 +6%
Skandinaviska Enskilda Banken (SEB)
44
Skandinaviska Enskilda Banken (SEB)
Sweden
$30.3M +$233K +11,467 +0.7%
CCM
45
Causeway Capital Management
California
$29.6M -$12.1M -598,142 -26%
Allianz Asset Management
46
Allianz Asset Management
Germany
$29.1M +$11.4M +561,515 +51%
Bank of New York Mellon
47
Bank of New York Mellon
New York
$27.5M +$222K +10,966 +0.7%
Jennison Associates
48
Jennison Associates
New York
$26.5M +$5.73M +282,379 +23%
Ohio Public Employees Retirement System (OPERS)
49
Ohio Public Employees Retirement System (OPERS)
Ohio
$26.3M -$2.53M -124,798 -8%
Barclays
50
Barclays
United Kingdom
$24.8M +$11.8M +580,373 +70%
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TME Hedge Fund Activity: Q4 2025 in Review

341 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Tencent Music (TME) for Q4 2025, worth a combined $7.85B — down 17% from $9.5B a quarter earlier.

Sellers outnumbered buyers: 66 funds closed out of TME and 56 opened new positions — a net loss of 10 holders — while 121 trimmed existing stakes and 122 added.

The largest buyer was Schroder Investment Management Group, adding an estimated $376M. The largest seller was T. Rowe Price Associates, cutting an estimated $93.7M.

  • 341 institutional investors held Tencent Music (TME) as of Q4 2025, down from 358 in Q3 2025.
  • Funds reported $7.85B of Tencent Music stock for Q4 2025, down 17% quarter-over-quarter.
  • 56 funds opened new Tencent Music positions in Q4 2025 and 66 closed out, a net change of -10 holders.
  • The largest Tencent Music buyer in Q4 2025 was Schroder Investment Management Group, an estimated $376M added.
  • The largest Tencent Music seller in Q4 2025 was T. Rowe Price Associates, an estimated $93.7M sold.

Based on aggregated 13F filings for Q4 2025.