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Tencent Music
TME

147 hedge funds and large institutions have $1.71B invested in Tencent Music in 2019 Q1 according to their latest regulatory filings, with 71 funds opening new positions, 43 increasing their positions, 20 reducing their positions, and 53 closing their positions.

New
Increased
Maintained
Reduced
Closed

129% more call options, than puts

Call options by funds: $210M | Put options by funds: $91.7M

115% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 20

78% more capital invested

Capital invested by funds: $960M → $1.71B (+$747M)

34% more first-time investments, than exits

New positions opened: 71 | Existing positions closed: 53

33% more funds holding in top 10

Funds holding in top 10: 6 → 8 (+2)

11% more funds holding

Funds holding: 132 → 147 (+15)

2.55% more ownership

Funds ownership: 13.01% → 15.56% (+2.5%)

Holders
147
Holders Change
+15
Holders Change %
+11.36%
% of All Funds
3.18%
Holding in Top 10
8
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+33.33%
% of All Funds
0.17%
New
71
Increased
43
Reduced
20
Closed
53
Calls
$210M
Puts
$91.7M
Net Calls
+$118M
Net Calls Change
+$116M

Top Buyers

Rank Fund Capital Flow
1
SCM
Segantii Capital Management
Hong Kong
+$80.1M
2
BlackRock
BlackRock
New York
+$66.4M
3
William Blair Investment Management
William Blair Investment Management
Illinois
+$64.5M
4
MICM
Matthews International Capital Management
California
+$31.1M
5
Morgan Stanley
Morgan Stanley
New York
+$23.9M

Top Sellers

Rank Fund Capital Flow
1
HSBC Holdings
HSBC Holdings
United Kingdom
-$36.6M
2
Temasek Holdings
Temasek Holdings
Singapore
-$32.8M
3
Ameriprise
Ameriprise
Minnesota
-$24M
4
DCP
D1 Capital Partners
New York
-$23M
5
OAM
Oxford Asset Management
United Kingdom
-$19.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
KWILP
51
Kiwi Wealth Investments Limited Partnership
New Zealand
$2.57M +$2.27M +142,096 New
Tudor Investment Corp
52
Tudor Investment Corp
Connecticut
$2.43M +$1.61M +100,574 +299%
Bank of Montreal
53
Bank of Montreal
Ontario, Canada
$2.42M +$2.13M +133,677 New
Principal Financial Group
54
Principal Financial Group
Iowa
$2.33M +$2.06M +128,839 New
WRF
55
Waddell & Reed Financial
Kansas
$2.27M +$10K +629 +0.5%
PAMU
56
Pictet Asset Management (UK)
United Kingdom
$2.26M -$276K -17,316 -12%
Stifel Financial
57
Stifel Financial
Missouri
$2.2M +$1.94M +121,349 New
Wellington Management Group
58
Wellington Management Group
Massachusetts
$2.04M -$7.32M -458,613 -80%
TD Asset Management
59
TD Asset Management
Ontario, Canada
$2.03M -$9.16K -574 -0.5%
Bank of New York Mellon
60
Bank of New York Mellon
New York
$1.95M +$1.72M +107,800 New
Jane Street
61
Jane Street
New York
$1.86M +$1.17M +73,364 +251%
TCIM
62
TIAA CREF Investment Management
New York
$1.54M +$1.36M +85,100 New
Millennium Management
63
Millennium Management
New York
$1.53M -$2.46M -154,017 -65%
RCG
64
Rock Creek Group
District of Columbia
$1.51M +$1.33M +83,300 New
Caisse de Depot et Placement du Quebec (CDPQ)
65
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.36M +$1.2M +75,011 New
DCP
66
DSM Capital Partners
Florida
$1.06M +$346K +21,645 +59%
NEI
67
Northwest & Ethical Investments
Ontario, Canada
$940K -$1.36M -85,222 -62%
RHBC
68
R.H. Bluestein & Co
Michigan
$905K – – –
CM
69
Caption Management
Oklahoma
$905K +$798K +50,000 New
BNP Paribas Asset Management
70
BNP Paribas Asset Management
France
$888K -$14.7K -919 -2%
Canada Life
71
Canada Life
Manitoba, Canada
$865K +$748K +46,814 +4,635%
KCM
72
Keywise Capital Management
Cayman Islands
$865K +$763K +47,800 New
Artisan Partners
73
Artisan Partners
Wisconsin
$857K – – –
APG Asset Management
74
APG Asset Management
Netherlands
$857K +$849K +53,176 New
BCIM
75
British Columbia Investment Management
British Columbia, Canada
$751K +$663K +41,500 New
1 2
3
4 5

TME Hedge Fund Activity: Q1 2019 in Review

147 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Tencent Music (TME) for Q1 2019, worth a combined $1.71B — up 78% from $960M a quarter earlier.

Buyers outnumbered sellers: 71 funds opened new TME positions and 53 closed out — a net gain of 18 holders — while 43 added to existing stakes and 20 trimmed.

The largest buyer was Segantii Capital Management, adding an estimated $80.1M. The largest seller was HSBC Holdings, cutting an estimated $36.6M.

  • 147 institutional investors held Tencent Music (TME) as of Q1 2019, up from 132 in Q4 2018.
  • Funds reported $1.71B of Tencent Music stock for Q1 2019, up 78% quarter-over-quarter.
  • 71 funds opened new Tencent Music positions in Q1 2019 and 53 closed out, a net change of +18 holders.
  • The largest Tencent Music buyer in Q1 2019 was Segantii Capital Management, an estimated $80.1M added.
  • The largest Tencent Music seller in Q1 2019 was HSBC Holdings, an estimated $36.6M sold.

Based on aggregated 13F filings for Q1 2019.