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Tencent Music
TME

253 hedge funds and large institutions have $3.8B invested in Tencent Music in 2023 Q4 according to their latest regulatory filings, with 47 funds opening new positions, 78 increasing their positions, 89 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more funds holding in top 10

Funds holding in top 10: 4 → 10 (+6)

59% more capital invested

Capital invested by funds: $2.39B → $3.8B (+$1.41B)

49% more call options, than puts

Call options by funds: $29.4M | Put options by funds: $19.7M

38% more first-time investments, than exits

New positions opened: 47 | Existing positions closed: 34

4% more funds holding

Funds holding: 243 → 253 (+10)

3.32% more ownership

Funds ownership: 21.27% → 24.59% (+3.3%)

12% less repeat investments, than reductions

Existing positions increased: 78 | Existing positions reduced: 89

Holders
253
Holders Change
+10
Holders Change %
+4.12%
% of All Funds
3.69%
Holding in Top 10
10
Holding in Top 10 Change
+6
Holding in Top 10 Change %
+150%
% of All Funds
0.15%
New
47
Increased
78
Reduced
89
Closed
34
Calls
$29.4M
Puts
$19.7M
Net Calls
+$9.62M
Net Calls Change
+$8.76M

Top Buyers

1
Invesco
Invesco
Georgia
+$96.5M
2
Citigroup
Citigroup
New York
+$82.9M
3
Marshall Wace
Marshall Wace
United Kingdom
+$73.2M
4
AMH
Aspex Management (HK)
Hong Kong
+$70M
5
Morgan Stanley
Morgan Stanley
New York
+$51.5M

Top Sellers

1
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
-$58.3M
2
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$27M
3
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$21.1M
4
Wellington Management Group
Wellington Management Group
Massachusetts
-$19.8M
5
PL
Perpetual Ltd
Australia
-$19.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
PL
51
Perpetual Ltd
Australia
$13.1M -$19.6M -2,528,518 -64%
Bank of America
52
Bank of America
North Carolina
$12.1M -$3.85M -497,662 -27%
CC
53
Carrhae Capital
United Kingdom
$12.1M -$10.3M -1,332,315 -50%
Lazard Asset Management
54
Lazard Asset Management
New York
$11.8M +$424K +54,852 +4%
Nordea Investment Management
55
Nordea Investment Management
Sweden
$11.7M +$2.05M +265,093 +25%
Northern Trust
56
Northern Trust
Illinois
$11.1M -$7.29M -942,571 -43%
California Public Employees Retirement System
57
California Public Employees Retirement System
California
$10M -$213K -27,485 -2%
Barclays
58
Barclays
United Kingdom
$9.85M +$2.52M +325,438 +42%
WAM
59
WT Asset Management
Hong Kong
$9.33M +$8.01M +1,035,500 New
N
60
Nuveen
North Carolina
$9.3M -$93.6K -12,100 -1%
Schroder Investment Management Group
61
Schroder Investment Management Group
United Kingdom
$9.26M -$14.2M -1,830,341 -64%
JP Morgan Chase
62
JP Morgan Chase
New York
$9.24M -$2.82M -363,973 -26%
Ameriprise
63
Ameriprise
Minnesota
$9.23M -$492K -63,645 -6%
AQR Capital Management
64
AQR Capital Management
Connecticut
$8.82M +$483K +62,469 +7%
Robeco Institutional Asset Management
65
Robeco Institutional Asset Management
Netherlands
$8.35M -$9.94M -1,284,560 -58%
COPPSERS
66
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$8.3M – – –
D.E. Shaw & Co
67
D.E. Shaw & Co
New York
$7.73M -$21.1M -2,725,765 -76%
SEI Investments
68
SEI Investments
Pennsylvania
$7.7M -$1.62M -209,035 -20%
Two Sigma Advisers
69
Two Sigma Advisers
New York
$7.44M -$11.6M -1,493,000 -64%
MG
70
Marex Group
$7.38M +$6.34M +818,818 New
Charles Schwab
71
Charles Schwab
California
$7.07M -$422K -54,563 -7%
EFMH
72
E Fund Management (HK)
Hong Kong
$7.05M +$916K +118,434 +18%
QOP
73
Quinn Opportunity Partners
Virginia
$6.36M -$1.55M -200,000 -22%
PHK
74
Point72 Hong Kong
Hong Kong
$5.96M +$5.11M +660,955 New
Manulife (Manufacturers Life Insurance)
75
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$5.6M +$123K +15,840 +3%
1 2
3
4 5

TME Hedge Fund Activity: Q4 2023 in Review

253 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Tencent Music (TME) for Q4 2023, worth a combined $3.8B — up 59% from $2.39B a quarter earlier.

Buyers outnumbered sellers: 47 funds opened new TME positions and 34 closed out — a net gain of 13 holders — while 78 added to existing stakes and 89 trimmed.

The largest buyer was Invesco, adding an estimated $96.5M. The largest seller was Canada Pension Plan Investment Board, cutting an estimated $58.3M.

  • 253 institutional investors held Tencent Music (TME) as of Q4 2023, up from 243 in Q3 2023.
  • Funds reported $3.8B of Tencent Music stock for Q4 2023, up 59% quarter-over-quarter.
  • 47 funds opened new Tencent Music positions in Q4 2023 and 34 closed out, a net change of +13 holders.
  • The largest Tencent Music buyer in Q4 2023 was Invesco, an estimated $96.5M added.
  • The largest Tencent Music seller in Q4 2023 was Canada Pension Plan Investment Board, an estimated $58.3M sold.

Based on aggregated 13F filings for Q4 2023.