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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
Canada Life
76
Canada Life
Manitoba, Canada
$7.39M +$5.71M +482,500 +703%
Charles Schwab
77
Charles Schwab
California
$7.3M +$4.68M +394,766 +267%
CIM
78
Chiron Investment Management
New York
$7.23M +$6.36M +537,043 New
DIG
79
Dragoneer Investment Group
California
$6.49M -$399K -33,700 -7%
HLAM
80
Hidden Lake Asset Management
New York
$6.4M -$3.55M -300,165 -39%
NP
81
NS Partners
United Kingdom
$6.33M +$5.57M +470,100 New
Two Sigma Advisers
82
Two Sigma Advisers
New York
$5.83M -$4.77M -402,800 -48%
SCM
83
Segantii Capital Management
Hong Kong
$5.38M +$4.74M +400,000 New
1832 Asset Management
84
1832 Asset Management
Ontario, Canada
$5M +$449K +37,910 +11%
HP
85
Hosking Partners
United Kingdom
$4.97M -$312K -26,305 -7%
Citigroup
86
Citigroup
New York
$4.6M -$4.22M -356,039 -51%
CSS
87
Cubist Systematic Strategies
Connecticut
$4.17M +$934K +78,853 +34%
ECM
88
ExodusPoint Capital Management
New York
$4.16M +$3.13M +264,180 +591%
State of New Jersey Common Pension Fund D
89
State of New Jersey Common Pension Fund D
New Jersey
$4.13M +$2.52M +212,379 +224%
ECG
90
EPIQ Capital Group
California
$4.13M -$1.58M -133,095 -30%
Qube Research & Technologies (QRT)
91
Qube Research & Technologies (QRT)
United Kingdom
$4.06M +$1.89M +159,991 +113%
Royal Bank of Canada
92
Royal Bank of Canada
Ontario, Canada
$3.9M +$188K +15,848 +6%
Balyasny Asset Management
93
Balyasny Asset Management
Illinois
$3.6M -$67.6K -5,705 -2%
Susquehanna International Group
94
Susquehanna International Group
Pennsylvania
$3.46M -$6.04M -509,731 -67%
TLCM
95
Tiger Legatus Capital Management
New York
$3.37M -$296K -25,000 -9%
OSIA
96
O'Shares Investment Advisers
Massachusetts
$3.03M +$2.13M +179,826 +395%
MIM
97
Monashee Investment Management
Massachusetts
$3.03M +$2.66M +225,000 New
Handelsbanken Fonder
98
Handelsbanken Fonder
Sweden
$3.02M +$1.94M +164,200 +274%
GH
99
GAM Holding
Switzerland
$2.96M +$758K +63,993 +41%
Voloridge Investment Management
100
Voloridge Investment Management
Florida
$2.94M +$149K +12,601 +6%
2 3
4
5 6

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.