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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
Royal Bank of Canada
76
Royal Bank of Canada
Ontario, Canada
$2.76M +$3.03M +245,905 +874%
Balyasny Asset Management
77
Balyasny Asset Management
Illinois
$2.75M +$3.36M +272,905 New
Nordea Investment Management
78
Nordea Investment Management
Sweden
$2.71M +$377K +30,608 +13%
California Public Employees Retirement System
79
California Public Employees Retirement System
California
$2.67M +$41.8K +3,395 +1%
KBC Group
80
KBC Group
Belgium
$2.64M +$1.63M +132,697 +102%
Lazard Asset Management
81
Lazard Asset Management
New York
$2.53M -$5.09M -413,861 -62%
PAM
82
Pinpoint Asset Management
Hong Kong
$2.52M +$2.53M +205,358 +456%
MWNA
83
Marshall Wace North America
New York
$2.51M -$155K -12,618 -5%
SG Americas Securities
84
SG Americas Securities
New York
$2.4M -$1.38M -112,034 -32%
CSS
85
Cubist Systematic Strategies
Connecticut
$2.32M +$2.14M +173,733 +303%
Geode Capital Management
86
Geode Capital Management
Massachusetts
$2.31M +$200K +16,280 +8%
DFO
87
Duquesne Family Office
New York
$2.15M +$2.63M +213,775 New
TI
88
Trexquant Investment
Connecticut
$2.12M -$3.38M -274,271 -57%
Voloridge Investment Management
89
Voloridge Investment Management
Florida
$2.07M -$1.54M -125,269 -38%
Artisan Partners
90
Artisan Partners
Wisconsin
$2.02M -$2.22M -179,978 -47%
PCM
91
Penserra Capital Management
California
$1.72M +$298K +24,172 +18%
Swiss National Bank
92
Swiss National Bank
Switzerland
$1.63M – – –
GH
93
GAM Holding
Switzerland
$1.57M +$1.92M +156,007 New
Charles Schwab
94
Charles Schwab
California
$1.49M – – –
HighTower Advisors
95
HighTower Advisors
Illinois
$1.47M -$188K -15,286 -9%
Qube Research & Technologies (QRT)
96
Qube Research & Technologies (QRT)
United Kingdom
$1.42M +$710K +57,647 +69%
N
97
Nuveen
North Carolina
$1.42M +$164K +13,300 +10%
BHB
98
Bank Hapoalim BM
Israel
$1.38M +$1.69M +137,364 New
PCM
99
Prelude Capital Management
New York
$1.38M +$842K +68,402 +100%
CANY
100
Caxton Associates (New York)
New York
$1.31M – – –
2 3
4
5 6

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.