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Tencent Music
TME

341 hedge funds and large institutions have $7.85B invested in Tencent Music in 2025 Q4 according to their latest regulatory filings, with 56 funds opening new positions, 122 increasing their positions, 121 reducing their positions, and 66 closing their positions.

New
Increased
Maintained
Reduced
Closed

90% more call options, than puts

Call options by funds: $85.9M | Put options by funds: $45.2M

14.89% more ownership

Funds ownership: 47.53% → 62.42% (+15%)

1% more repeat investments, than reductions

Existing positions increased: 122 | Existing positions reduced: 121

5% less funds holding

Funds holding: 358 → 341 (-17)

15% less first-time investments, than exits

New positions opened: 56 | Existing positions closed: 66

17% less capital invested

Capital invested by funds: $9.5B → $7.85B (-$1.65B)

50% less funds holding in top 10

Funds holding in top 10: 12 → 6 (-6)

Holders
341
Holders Change
-17
Holders Change %
-4.75%
% of All Funds
4.15%
Holding in Top 10
6
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-50%
% of All Funds
0.07%
New
56
Increased
122
Reduced
121
Closed
66
Calls
$85.9M
Puts
$45.2M
Net Calls
+$40.7M
Net Calls Change
-$49.3M

Top Buyers

1
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
+$376M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$105M
3
GCCM
Green Court Capital Management
Hong Kong
+$98.5M
4
Invesco
Invesco
Georgia
+$93.9M
5
Sumitomo Mitsui Trust Group
Sumitomo Mitsui Trust Group
Japan
+$88.6M

Top Sellers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$93.7M
2
Capital World Investors
Capital World Investors
California
-$69.8M
3
DCM
Driehaus Capital Management
Illinois
-$69.7M
4
Artisan Partners
Artisan Partners
Wisconsin
-$62.3M
5
Jane Street
Jane Street
New York
-$57.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
NAMI
51
Nomura Asset Management International
Pennsylvania
$23.5M +$27.2M +1,340,032 New
Fidelity International
52
Fidelity International
Bermuda
$22.7M +$14.6M +719,384 +125%
American Century Companies
53
American Century Companies
Missouri
$22.2M +$2.99M +147,280 +13%
Swiss National Bank
54
Swiss National Bank
Switzerland
$22M -$783K -38,600 -3%
AI
55
Axiom Investors
Connecticut
$21.4M -$24.3M -1,199,136 -50%
Manulife (Manufacturers Life Insurance)
56
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$20.1M -$815K -40,189 -3%
Zurich Cantonal Bank
57
Zurich Cantonal Bank
Switzerland
$19.8M +$18.5M +910,767 +414%
Lazard Asset Management
58
Lazard Asset Management
New York
$18.7M +$2.19M +108,057 +11%
Bank of America
59
Bank of America
North Carolina
$18.7M +$116K +5,725 +0.5%
COPPSERS
60
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$18.6M -$853K -42,043 -4%
Man Group
61
Man Group
United Kingdom
$18.3M -$1.24M -61,276 -6%
CWG
62
C WorldWide Group
Denmark
$16.5M -$3.29M -162,085 -15%
Handelsbanken Fonder
63
Handelsbanken Fonder
Sweden
$16.2M +$16.7K +821 +0.1%
PL
64
Perpetual Ltd
Australia
$16M -$5.92M -291,799 -24%
Two Sigma Advisers
65
Two Sigma Advisers
New York
$15.6M -$237K -11,700 -1%
FFM
66
Fullerton Fund Management
Singapore
$14.8M -$19.3M -952,497 -53%
State of New Jersey Common Pension Fund D
67
State of New Jersey Common Pension Fund D
New Jersey
$13.7M +$1.69M +83,317 +12%
California Public Employees Retirement System
68
California Public Employees Retirement System
California
$13.6M -$128K -6,308 -0.8%
Walleye Capital
69
Walleye Capital
New York
$13.6M +$15.7M +775,437 New
NP
70
NS Partners
United Kingdom
$13.3M -$6.97M -343,500 -31%
MG
71
Marex Group
$12.9M +$769K +37,897 +5%
New York State Common Retirement Fund
72
New York State Common Retirement Fund
New York
$12.5M +$3.96M +195,375 +38%
KC
73
Kadensa Capital
Hong Kong
$12.5M +$3.69M +181,928 +34%
Mitsubishi UFJ Asset Management
74
Mitsubishi UFJ Asset Management
Japan
$12.3M +$1.14M +56,370 +9%
Pictet Asset Management
75
Pictet Asset Management
Switzerland
$11.2M -$1.07M -52,600 -8%
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TME Hedge Fund Activity: Q4 2025 in Review

341 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Tencent Music (TME) for Q4 2025, worth a combined $7.85B — down 17% from $9.5B a quarter earlier.

Sellers outnumbered buyers: 66 funds closed out of TME and 56 opened new positions — a net loss of 10 holders — while 121 trimmed existing stakes and 122 added.

The largest buyer was Schroder Investment Management Group, adding an estimated $376M. The largest seller was T. Rowe Price Associates, cutting an estimated $93.7M.

  • 341 institutional investors held Tencent Music (TME) as of Q4 2025, down from 358 in Q3 2025.
  • Funds reported $7.85B of Tencent Music stock for Q4 2025, down 17% quarter-over-quarter.
  • 56 funds opened new Tencent Music positions in Q4 2025 and 66 closed out, a net change of -10 holders.
  • The largest Tencent Music buyer in Q4 2025 was Schroder Investment Management Group, an estimated $376M added.
  • The largest Tencent Music seller in Q4 2025 was T. Rowe Price Associates, an estimated $93.7M sold.

Based on aggregated 13F filings for Q4 2025.