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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
OAM
101
Ostrum Asset Management
France
$1.29M – – –
RJA
102
Raymond James & Associates
Florida
$1.28M -$68.4K -5,560 -4%
ICP
103
Indus Capital Partners
New York
$1.24M +$132K +10,700 +10%
PAMU
104
Pictet Asset Management (UK)
United Kingdom
$1.23M – – –
MWA
105
Marshall Wace Asia
Hong Kong
$1.2M +$1.47M +119,392 New
Bank of Montreal
106
Bank of Montreal
Ontario, Canada
$1.19M +$764K +62,045 +134%
EGM
107
Engineers Gate Manager
New York
$1.14M +$792K +64,350 +132%
GCP
108
GSA Capital Partners
United Kingdom
$1.13M +$612K +49,683 +80%
Group One Trading
109
Group One Trading
Illinois
$1.04M +$1.27M +102,933 New
State of New Jersey Common Pension Fund D
110
State of New Jersey Common Pension Fund D
New Jersey
$953K – – –
EDRH
111
Edmond de Rothschild Holding
Switzerland
$952K +$796K +64,650 +216%
SAM
112
Storebrand Asset Management
Norway
$902K +$1.1M +89,702 New
First Trust Advisors
113
First Trust Advisors
Illinois
$884K +$364K +29,567 +51%
DT
114
Diversified Trust
Tennessee
$883K +$1.08M +87,804 New
XK
115
Xact Kapitalforvaltning
Sweden
$865K +$59.1K +4,800 +6%
Citadel Advisors
116
Citadel Advisors
Florida
$864K -$4.04M -328,022 -79%
Los Angeles Capital Management
117
Los Angeles Capital Management
California
$768K +$939K +76,329 New
BA
118
Bridgewater Associates
Connecticut
$727K +$75.6K +6,145 +9%
Canada Life
119
Canada Life
Manitoba, Canada
$692K -$13.8K -1,120 -2%
Wells Fargo
120
Wells Fargo
California
$641K -$8.24M -669,359 -91%
DekaBank Deutsche Girozentrale
121
DekaBank Deutsche Girozentrale
Germany
$638K +$65.7K +5,338 +8%
Handelsbanken Fonder
122
Handelsbanken Fonder
Sweden
$604K – – –
BCM
123
Bayesian Capital Management
New York
$595K +$727K +59,100 New
William Blair & Company
124
William Blair & Company
Illinois
$564K – – –
Mitsubishi UFJ Trust & Banking
125
Mitsubishi UFJ Trust & Banking
Japan
$526K +$157K +12,777 +32%
3 4
5
6 7

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.