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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$910M |
| 2 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$127M |
| 3 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$102M |
| 4 |
IC
Iconiq Capital
San Francisco,
California
|
+$48.9M |
| 5 |
Morgan Stanley
New York
|
+$48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$115M |
| 2 |
DIG
Dragoneer Investment Group
San Francisco,
California
|
-$105M |
| 3 |
Alkeon Capital Management
New York
|
-$91.7M |
| 4 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$40.5M |
| 5 |
Tiger Global Management
New York
|
-$39.1M |
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.