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Tencent Music
TME

253 hedge funds and large institutions have $3.8B invested in Tencent Music in 2023 Q4 according to their latest regulatory filings, with 47 funds opening new positions, 78 increasing their positions, 89 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more funds holding in top 10

Funds holding in top 10: 4 → 10 (+6)

59% more capital invested

Capital invested by funds: $2.39B → $3.8B (+$1.41B)

49% more call options, than puts

Call options by funds: $29.4M | Put options by funds: $19.7M

38% more first-time investments, than exits

New positions opened: 47 | Existing positions closed: 34

4% more funds holding

Funds holding: 243 → 253 (+10)

3.32% more ownership

Funds ownership: 21.27% → 24.59% (+3.3%)

12% less repeat investments, than reductions

Existing positions increased: 78 | Existing positions reduced: 89

Holders
253
Holders Change
+10
Holders Change %
+4.12%
% of All Funds
3.69%
Holding in Top 10
10
Holding in Top 10 Change
+6
Holding in Top 10 Change %
+150%
% of All Funds
0.15%
New
47
Increased
78
Reduced
89
Closed
34
Calls
$29.4M
Puts
$19.7M
Net Calls
+$9.62M
Net Calls Change
+$8.76M

Top Buyers

1
Invesco
Invesco
Georgia
+$96.5M
2
Citigroup
Citigroup
New York
+$82.9M
3
Marshall Wace
Marshall Wace
United Kingdom
+$73.2M
4
AMH
Aspex Management (HK)
Hong Kong
+$70M
5
Morgan Stanley
Morgan Stanley
New York
+$51.5M

Top Sellers

1
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
-$58.3M
2
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$27M
3
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$21.1M
4
Wellington Management Group
Wellington Management Group
Massachusetts
-$19.8M
5
PL
Perpetual Ltd
Australia
-$19.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
WP
76
Woodline Partners
California
$5.44M +$4.67M +603,874 New
PIM
77
Paradice Investment Management
Colorado
$5.21M +$4.47M +578,278 New
Korea Investment Corp
78
Korea Investment Corp
South Korea
$4.99M +$1.31M +169,600 +44%
American Century Companies
79
American Century Companies
Missouri
$4.98M +$434K +56,125 +11%
PCMH
80
Polymer Capital Management (HK)
Hong Kong
$4.95M +$4.25M +549,200 New
Prudential Financial
81
Prudential Financial
New Jersey
$4.92M +$2.51M +324,790 +147%
Caisse de Depot et Placement du Quebec (CDPQ)
82
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$4.89M +$4.2M +542,366 New
Canada Life
83
Canada Life
Manitoba, Canada
$4.84M -$8.49M -1,096,948 -67%
Mirae Asset Global Investments
84
Mirae Asset Global Investments
South Korea
$4.81M -$883K -114,126 -18%
APG Asset Management
85
APG Asset Management
Netherlands
$4.76M +$4.15M +536,254 +1,123%
HVCM
86
Hel Ved Capital Management
Hong Kong
$4.64M +$3.99M +515,000 New
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
87
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$4.63M +$3.98M +514,200 New
BCCM
88
Blue Creek Capital Management
Hong Kong
$4.44M +$3.81M +492,749 New
Aviva
89
Aviva
United Kingdom
$4.35M +$129K +16,700 +4%
Point72 Asset Management
90
Point72 Asset Management
Connecticut
$4.23M +$3.63M +469,700 New
WBC
91
Westpac Banking Corp
Australia
$4.2M -$2M -258,796 -36%
Teacher Retirement System of Texas
92
Teacher Retirement System of Texas
Texas
$4.09M +$2.36M +304,876 +205%
EDRH
93
Edmond de Rothschild Holding
Switzerland
$4.01M +$954K +123,300 +38%
ECM
94
ExodusPoint Capital Management
New York
$3.91M +$3.36M +433,767 New
Thrivent Financial for Lutherans
95
Thrivent Financial for Lutherans
Minnesota
$3.74M -$143K -18,449 -4%
Jane Street
96
Jane Street
New York
$3.66M +$1.46M +188,217 +86%
Mitsubishi UFJ Asset Management
97
Mitsubishi UFJ Asset Management
Japan
$3.56M – – –
HFM
98
Harvest Fund Management
China
$3.54M -$728K -94,036 -19%
Los Angeles Capital Management
99
Los Angeles Capital Management
California
$3.38M -$1.29M -166,971 -31%
CLOS
100
Compagnie Lombard Odier SCmA
Switzerland
$3.35M – – –
2 3
4
5 6

TME Hedge Fund Activity: Q4 2023 in Review

253 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Tencent Music (TME) for Q4 2023, worth a combined $3.8B — up 59% from $2.39B a quarter earlier.

Buyers outnumbered sellers: 47 funds opened new TME positions and 34 closed out — a net gain of 13 holders — while 78 added to existing stakes and 89 trimmed.

The largest buyer was Invesco, adding an estimated $96.5M. The largest seller was Canada Pension Plan Investment Board, cutting an estimated $58.3M.

  • 253 institutional investors held Tencent Music (TME) as of Q4 2023, up from 243 in Q3 2023.
  • Funds reported $3.8B of Tencent Music stock for Q4 2023, up 59% quarter-over-quarter.
  • 47 funds opened new Tencent Music positions in Q4 2023 and 34 closed out, a net change of +13 holders.
  • The largest Tencent Music buyer in Q4 2023 was Invesco, an estimated $96.5M added.
  • The largest Tencent Music seller in Q4 2023 was Canada Pension Plan Investment Board, an estimated $58.3M sold.

Based on aggregated 13F filings for Q4 2023.