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Tencent Music
TME

158 hedge funds and large institutions have $2.48B invested in Tencent Music in 2019 Q2 according to their latest regulatory filings, with 54 funds opening new positions, 57 increasing their positions, 31 reducing their positions, and 41 closing their positions.

New
Increased
Maintained
Reduced
Closed

84% more repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 31

45% more capital invested

Capital invested by funds: $1.71B → $2.48B (+$773M)

32% more first-time investments, than exits

New positions opened: 54 | Existing positions closed: 41

16% more call options, than puts

Call options by funds: $42M | Put options by funds: $36.2M

9.98% more ownership

Funds ownership: 15.56% → 25.54% (+10%)

7% more funds holding

Funds holding: 147 → 158 (+11)

25% less funds holding in top 10

Funds holding in top 10: 8 → 6 (-2)

Holders
158
Holders Change
+11
Holders Change %
+7.48%
% of All Funds
3.43%
Holding in Top 10
6
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-25%
% of All Funds
0.13%
New
54
Increased
57
Reduced
31
Closed
41
Calls
$42M
Puts
$36.2M
Net Calls
+$5.88M
Net Calls Change
-$112M

Top Buyers

Rank Fund Capital Flow
1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$910M
2
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
+$127M
3
Artisan Partners
Artisan Partners
Wisconsin
+$102M
4
IC
Iconiq Capital
California
+$48.9M
5
Morgan Stanley
Morgan Stanley
New York
+$48M

Top Sellers

Rank Fund Capital Flow
1
Capital Research Global Investors
Capital Research Global Investors
California
-$115M
2
DIG
Dragoneer Investment Group
California
-$105M
3
Alkeon Capital Management
Alkeon Capital Management
New York
-$91.7M
4
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$40.5M
5
Tiger Global Management
Tiger Global Management
New York
-$39.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
Ohio Public Employees Retirement System (OPERS)
51
Ohio Public Employees Retirement System (OPERS)
Ohio
$2.9M +$2.91M +184,200 +2,002%
Coatue Management
52
Coatue Management
New York
$2.88M -$36.1M -2,285,299 -92%
Vanguard Group
53
Vanguard Group
Pennsylvania
$2.8M -$143K -9,077 -5%
Geode Capital Management
54
Geode Capital Management
Massachusetts
$2.77M +$140K +8,840 +5%
ACI
55
AMP Capital Investors
Australia
$2.26M +$2.39M +151,272 New
N
56
Nuveen
North Carolina
$2.24M +$2.36M +149,200 New
Korea Investment Corp
57
Korea Investment Corp
South Korea
$2.03M +$2.12M +134,456 +18,293%
CANY
58
Caxton Associates (New York)
New York
$1.95M -$474K -30,000 -19%
WRF
59
Waddell & Reed Financial
Kansas
$1.87M -$9.94K -629 -0.5%
PAMU
60
Pictet Asset Management (UK)
United Kingdom
$1.87M +$5.89K +373 +0.3%
New York State Common Retirement Fund
61
New York State Common Retirement Fund
New York
$1.8M +$1.89M +119,869 New
Jane Street
62
Jane Street
New York
$1.73M +$204K +12,882 +13%
Bank of New York Mellon
63
Bank of New York Mellon
New York
$1.63M +$14.2K +900 +0.8%
KBC Group
64
KBC Group
Belgium
$1.62M +$1.34M +84,753 +364%
EGM
65
Engineers Gate Manager
New York
$1.38M +$1.46M +92,235 New
Bank of Montreal
66
Bank of Montreal
Ontario, Canada
$1.35M -$689K -43,603 -33%
Caisse de Depot et Placement du Quebec (CDPQ)
67
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$1.32M +$210K +13,289 +18%
SRAM
68
Stone Ridge Asset Management
New York
$1.25M +$1.31M +83,200 New
AAF
69
Andra AP-fonden
Sweden
$1.15M +$1.21M +76,600 New
NEI
70
Northwest & Ethical Investments
Ontario, Canada
$1.1M +$343K +21,685 +42%
MWNA
71
Marshall Wace North America
New York
$1.1M +$1.16M +73,404 New
XK
72
Xact Kapitalforvaltning
Sweden
$1.09M +$1.15M +73,000 New
DCP
73
DSM Capital Partners
Florida
$941K +$65.2K +4,130 +7%
PPA
74
Parametric Portfolio Associates
Washington
$846K +$892K +56,459 New
Citigroup
75
Citigroup
New York
$843K -$2.48M -157,027 -74%
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TME Hedge Fund Activity: Q2 2019 in Review

158 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Tencent Music (TME) for Q2 2019, worth a combined $2.48B — up 45% from $1.71B a quarter earlier.

Buyers outnumbered sellers: 54 funds opened new TME positions and 41 closed out — a net gain of 13 holders — while 57 added to existing stakes and 31 trimmed.

The largest buyer was T. Rowe Price Associates, adding an estimated $910M. The largest seller was Capital Research Global Investors, exiting entirely with an estimated $115M sold.

  • 158 institutional investors held Tencent Music (TME) as of Q2 2019, up from 147 in Q1 2019.
  • Funds reported $2.48B of Tencent Music stock for Q2 2019, up 45% quarter-over-quarter.
  • 54 funds opened new Tencent Music positions in Q2 2019 and 41 closed out, a net change of +13 holders.
  • The largest Tencent Music buyer in Q2 2019 was T. Rowe Price Associates, an estimated $910M added.
  • The largest Tencent Music seller in Q2 2019 was Capital Research Global Investors, an estimated $115M sold.

Based on aggregated 13F filings for Q2 2019.