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Tencent Music
TME

232 hedge funds and large institutions have $5.31B invested in Tencent Music in 2020 Q2 according to their latest regulatory filings, with 54 funds opening new positions, 99 increasing their positions, 47 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

111% more repeat investments, than reductions

Existing positions increased: 99 | Existing positions reduced: 47

93% more capital invested

Capital invested by funds: $2.75B → $5.31B (+$2.56B)

72% more call options, than puts

Call options by funds: $108M | Put options by funds: $62.6M

67% more funds holding in top 10

Funds holding in top 10: 9 → 15 (+6)

59% more first-time investments, than exits

New positions opened: 54 | Existing positions closed: 34

9.01% more ownership

Funds ownership: 20.38% → 29.39% (+9%)

9% more funds holding

Funds holding: 213 → 232 (+19)

Holders
232
Holders Change
+19
Holders Change %
+8.92%
% of All Funds
4.76%
Holding in Top 10
15
Holding in Top 10 Change
+6
Holding in Top 10 Change %
+66.67%
% of All Funds
0.31%
New
54
Increased
99
Reduced
47
Closed
34
Calls
$108M
Puts
$62.6M
Net Calls
+$45.3M
Net Calls Change
+$21.7M

Top Buyers

1
BlackRock
BlackRock
New York
+$215M
2
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
+$155M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$139M
4
CS
Credit Suisse
Switzerland
+$115M
5
Renaissance Technologies
Renaissance Technologies
New York
+$113M

Top Sellers

1
DCP
D1 Capital Partners
New York
-$127M
2
TCM
Tybourne Capital Management
Hong Kong
-$80.6M
3
Assenagon Asset Management
Assenagon Asset Management
Luxembourg
-$39.9M
4
KCM
Kingstown Capital Management
New York
-$26.6M
5
IC
Iconiq Capital
California
-$24M
Name Holding Trade Value Shares
Change 		Change in
Stake
Sumitomo Mitsui Trust Group
51
Sumitomo Mitsui Trust Group
Japan
$18.3M +$11.8M +996,747 +274%
MAM
52
Myriad Asset Management
Hong Kong
$18.1M +$15.9M +1,344,334 New
Temasek Holdings
53
Temasek Holdings
Singapore
$16.7M – – –
VanEck Associates
54
VanEck Associates
New York
$16.4M +$137K +11,600 +1%
Mirae Asset Global Investments
55
Mirae Asset Global Investments
South Korea
$15.8M +$1.16M +98,151 +9%
California Public Employees Retirement System
56
California Public Employees Retirement System
California
$14.6M +$9.72M +820,407 +309%
KBC Group
57
KBC Group
Belgium
$14.5M +$9.67M +816,743 +311%
CH
58
CVI Holdings
Delaware
$13.5M +$11.8M +1,000,000 New
Geode Capital Management
59
Geode Capital Management
Massachusetts
$13M +$8.79M +742,462 +322%
AIMH
60
AIA Investment Management (HK)
Hong Kong
$12.9M +$11.6M +976,000 New
Swiss National Bank
61
Swiss National Bank
Switzerland
$12.6M +$9.16M +773,210 +476%
DZ Bank
62
DZ Bank
Germany
$11.6M +$5.57M +470,000 +119%
Bank of America
63
Bank of America
North Carolina
$11.1M +$6.25M +528,009 +177%
Tudor Investment Corp
64
Tudor Investment Corp
Connecticut
$11.1M +$9.73M +821,509 New
COPPSERS
65
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$9.94M – – –
PCM
66
Penserra Capital Management
California
$9.66M +$6.65M +561,819 +361%
Ohio Public Employees Retirement System (OPERS)
67
Ohio Public Employees Retirement System (OPERS)
Ohio
$9.44M +$908K +76,632 +12%
BA
68
Bridgewater Associates
Connecticut
$9.32M +$7.34M +620,000 +858%
BNP Paribas Financial Markets
69
BNP Paribas Financial Markets
France
$9.02M +$811K +68,519 +11%
Ameriprise
70
Ameriprise
Minnesota
$8.44M -$634K -53,511 -8%
PAM
71
Pinpoint Asset Management
Hong Kong
$8.42M +$4.44M +375,200 +150%
Principal Financial Group
72
Principal Financial Group
Iowa
$8.16M -$559K -47,223 -7%
TAA
73
TB Alternative Assets
Cayman Islands
$8.01M -$20.8M -1,755,500 -75%
Nordea Investment Management
74
Nordea Investment Management
Sweden
$7.75M +$3.5M +295,633 +110%
Janus Henderson Group
75
Janus Henderson Group
United Kingdom
$7.57M +$6.66M +561,960 New
1 2
3
4 5

TME Hedge Fund Activity: Q2 2020 in Review

232 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Tencent Music (TME) for Q2 2020, worth a combined $5.31B — up 93% from $2.75B a quarter earlier.

Buyers outnumbered sellers: 54 funds opened new TME positions and 34 closed out — a net gain of 20 holders — while 99 added to existing stakes and 47 trimmed.

The largest buyer was BlackRock, adding an estimated $215M. The largest seller was D1 Capital Partners, exiting entirely with an estimated $127M sold.

  • 232 institutional investors held Tencent Music (TME) as of Q2 2020, up from 213 in Q1 2020.
  • Funds reported $5.31B of Tencent Music stock for Q2 2020, up 93% quarter-over-quarter.
  • 54 funds opened new Tencent Music positions in Q2 2020 and 34 closed out, a net change of +20 holders.
  • The largest Tencent Music buyer in Q2 2020 was BlackRock, an estimated $215M added.
  • The largest Tencent Music seller in Q2 2020 was D1 Capital Partners, an estimated $127M sold.

Based on aggregated 13F filings for Q2 2020.