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Tencent Music
TME

213 hedge funds and large institutions have $2.75B invested in Tencent Music in 2020 Q1 according to their latest regulatory filings, with 46 funds opening new positions, 71 increasing their positions, 54 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

52% more call options, than puts

Call options by funds: $68.9M | Put options by funds: $45.3M

31% more repeat investments, than reductions

Existing positions increased: 71 | Existing positions reduced: 54

31% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 35

4% more funds holding

Funds holding: 205 → 213 (+8)

13% less capital invested

Capital invested by funds: $3.15B → $2.75B (-$394M)

23.24% less ownership

Funds ownership: 43.62% → 20.38% (-23%)

25% less funds holding in top 10

Funds holding in top 10: 12 → 9 (-3)

Holders
213
Holders Change
+8
Holders Change %
+3.9%
% of All Funds
4.69%
Holding in Top 10
9
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-25%
% of All Funds
0.2%
New
46
Increased
71
Reduced
54
Closed
35
Calls
$68.9M
Puts
$45.3M
Net Calls
+$23.6M
Net Calls Change
-$21M

Top Buyers

1
VAM
Vontobel Asset Management
New York
+$167M
2
Wellington Management Group
Wellington Management Group
Massachusetts
+$163M
3
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
+$128M
4
HSBC Holdings
HSBC Holdings
United Kingdom
+$114M
5
TCM
Tybourne Capital Management
Hong Kong
+$98.6M

Top Sellers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$668M
2
DCP
D1 Capital Partners
New York
-$132M
3
HAM
Honeycomb Asset Management
New York
-$74.3M
4
JG
Jefferies Group
New York
-$55.4M
5
Goldman Sachs
Goldman Sachs
New York
-$45.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
Susquehanna International Group
51
Susquehanna International Group
Pennsylvania
$7.71M +$2.63M +213,348 +39%
JP Morgan Chase
52
JP Morgan Chase
New York
$7.68M +$8.25M +670,309 +720%
COPPSERS
53
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$7.43M +$2.1M +170,944 +30%
Fidelity Investments
54
Fidelity Investments
Massachusetts
$7.08M – – –
Citigroup
55
Citigroup
New York
$7.02M -$1.39M -113,079 -14%
Ameriprise
56
Ameriprise
Minnesota
$6.84M -$11M -893,828 -57%
Principal Financial Group
57
Principal Financial Group
Iowa
$6.57M +$2.29M +185,748 +40%
Ohio Public Employees Retirement System (OPERS)
58
Ohio Public Employees Retirement System (OPERS)
Ohio
$6.28M +$5.22M +424,480 +212%
Jane Street
59
Jane Street
New York
$6.06M +$4.94M +401,035 +199%
BNP Paribas Financial Markets
60
BNP Paribas Financial Markets
France
$6.05M +$4.13M +335,268 +126%
Marshall Wace
61
Marshall Wace
United Kingdom
$6.01M -$27.5M -2,235,865 -79%
UBS Group
62
UBS Group
Switzerland
$5.82M -$13.1M -1,066,015 -65%
DIG
63
Dragoneer Investment Group
California
$5.19M – – –
ECG
64
EPIQ Capital Group
California
$4.42M +$85.4K +6,942 +2%
Walleye Trading
65
Walleye Trading
New York
$4.29M +$5.25M +426,844 New
Arrowstreet Capital
66
Arrowstreet Capital
Massachusetts
$4.02M +$4.92M +399,400 New
HP
67
Hosking Partners
United Kingdom
$3.98M +$4.87M +395,851 New
DZ Bank
68
DZ Bank
Germany
$3.97M +$4.86M +395,000 New
JG
69
Jefferies Group
New York
$3.96M -$55.4M -4,503,394 -92%
Sumitomo Mitsui Trust Group
70
Sumitomo Mitsui Trust Group
Japan
$3.66M -$1.55K -126 -0%
1832 Asset Management
71
1832 Asset Management
Ontario, Canada
$3.28M – – –
Bank of America
72
Bank of America
North Carolina
$3.01M +$564K +45,845 +18%
Caisse de Depot et Placement du Quebec (CDPQ)
73
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$2.97M +$3.39M +275,808 +1,426%
AAF
74
Andra AP-fonden
Sweden
$2.78M +$1.28M +104,100 +60%
TLCM
75
Tiger Legatus Capital Management
New York
$2.77M -$3.38M -275,000 -50%
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TME Hedge Fund Activity: Q1 2020 in Review

213 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Tencent Music (TME) for Q1 2020, worth a combined $2.75B — down 13% from $3.15B a quarter earlier.

Buyers outnumbered sellers: 46 funds opened new TME positions and 35 closed out — a net gain of 11 holders — while 71 added to existing stakes and 54 trimmed.

The largest buyer was Vontobel Asset Management, opening a new position worth an estimated $167M. The largest seller was T. Rowe Price Associates, cutting an estimated $668M.

  • 213 institutional investors held Tencent Music (TME) as of Q1 2020, up from 205 in Q4 2019.
  • Funds reported $2.75B of Tencent Music stock for Q1 2020, down 13% quarter-over-quarter.
  • 46 funds opened new Tencent Music positions in Q1 2020 and 35 closed out, a net change of +11 holders.
  • The largest Tencent Music buyer in Q1 2020 was Vontobel Asset Management, an estimated $167M added.
  • The largest Tencent Music seller in Q1 2020 was T. Rowe Price Associates, an estimated $668M sold.

Based on aggregated 13F filings for Q1 2020.