Tencent Music
375 hedge funds and large institutions have $11B invested in Tencent Music in 2021 Q1 according to their latest regulatory filings, with 158 funds opening new positions, 113 increasing their positions, 81 reducing their positions, and 38 closing their positions.
316% more first-time investments, than exits
New positions opened: 158 | Existing positions closed: 38
200% more funds holding in top 10
Funds holding in top 10: 12 → 36 (+24)
46% more funds holding
Funds holding: 257 → 375 (+118)
40% more repeat investments, than reductions
Existing positions increased: 113 | Existing positions reduced: 81
1% more capital invested
Capital invested by funds: $10.9B → $11B (+$62.4M)
2.34% less ownership
Funds ownership: 42.16% → 39.81% (-2.3%)
27% less call options, than puts
Call options by funds: $275M | Put options by funds: $376M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$553M |
| 2 |
D.E. Shaw & Co
New York
|
+$426M |
| 3 |
Sands Capital Management
Arlington,
Virginia
|
+$269M |
| 4 |
AS
Altshuler Shaham
Tel Aviv,
Israel
|
+$198M |
| 5 |
Marshall Wace
London,
United Kingdom
|
+$184M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1B |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$954M |
| 3 |
Nomura Holdings
Tokyo,
Japan
|
-$836M |
| 4 |
Goldman Sachs
New York
|
-$559M |
| 5 |
Schroder Investment Management Group
London,
United Kingdom
|
-$547M |
TME Hedge Fund Activity: Q1 2021 in Review
375 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Tencent Music (TME) for Q1 2021, worth a combined $11B — up 0.57% from $10.9B a quarter earlier.
Buyers outnumbered sellers: 158 funds opened new TME positions and 38 closed out — a net gain of 120 holders — while 113 added to existing stakes and 81 trimmed.
The largest buyer was Jane Street, adding an estimated $553M. The largest seller was Morgan Stanley, cutting an estimated $1B.
- 375 institutional investors held Tencent Music (TME) as of Q1 2021, up from 257 in Q4 2020.
- Funds reported $11B of Tencent Music stock for Q1 2021, up 0.57% quarter-over-quarter.
- 158 funds opened new Tencent Music positions in Q1 2021 and 38 closed out, a net change of +120 holders.
- The largest Tencent Music buyer in Q1 2021 was Jane Street, an estimated $553M added.
- The largest Tencent Music seller in Q1 2021 was Morgan Stanley, an estimated $1B sold.
Based on aggregated 13F filings for Q1 2021.