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Tencent Music
TME

257 hedge funds and large institutions have $10.9B invested in Tencent Music in 2020 Q4 according to their latest regulatory filings, with 59 funds opening new positions, 85 increasing their positions, 78 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

64% more first-time investments, than exits

New positions opened: 59 | Existing positions closed: 36

54% more capital invested

Capital invested by funds: $7.09B → $10.9B (+$3.81B)

8% more funds holding

Funds holding: 239 → 257 (+18)

6.33% more ownership

Funds ownership: 35.83% → 42.16% (+6.3%)

9% more repeat investments, than reductions

Existing positions increased: 85 | Existing positions reduced: 78

6% more call options, than puts

Call options by funds: $164M | Put options by funds: $155M

0% more funds holding in top 10

Funds holding in top 10: 12 → 12 (0)

Holders
257
Holders Change
+18
Holders Change %
+7.53%
% of All Funds
4.55%
Holding in Top 10
12
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.21%
New
59
Increased
85
Reduced
78
Closed
36
Calls
$164M
Puts
$155M
Net Calls
+$9.04M
Net Calls Change
-$26.6M

Top Buyers

1
CS
Credit Suisse
Switzerland
+$643M
2
Nomura Holdings
Nomura Holdings
Japan
+$488M
3
Goldman Sachs
Goldman Sachs
New York
+$266M
4
Deutsche Bank
Deutsche Bank
Germany
+$109M
5
Morgan Stanley
Morgan Stanley
New York
+$73.2M

Top Sellers

1
MICM
Matthews International Capital Management
California
-$102M
2
N
Natixis
France
-$64.1M
3
Tiger Global Management
Tiger Global Management
New York
-$39.9M
4
HIP
Hengistbury Investment Partners
United Kingdom
-$39.4M
5
BAMCO Inc
BAMCO Inc
New York
-$33.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Verition Fund Management
101
Verition Fund Management
Connecticut
$4.25M +$3.39M +208,370 +1,679%
FDCDDQ
102
Federation des caisses Desjardins du Quebec
Quebec, Canada
$3.94M -$424K -26,108 -11%
Balyasny Asset Management
103
Balyasny Asset Management
Illinois
$3.86M +$1.25M +76,863 +62%
Bank of Montreal
104
Bank of Montreal
Ontario, Canada
$3.84M +$449K +27,637 +18%
Russell Investments Group
105
Russell Investments Group
United Kingdom
$3.75M +$145K +8,900 +5%
BAM
106
Blueshift Asset Management
New Jersey
$3.62M +$458K +28,177 +18%
HighTower Advisors
107
HighTower Advisors
Illinois
$3.56M +$533K +32,795 +22%
AP
108
AtonRa Partners
Switzerland
$3.44M +$777K +47,794 New
JP Morgan Chase
109
JP Morgan Chase
New York
$3.38M -$16.3M -1,001,869 -85%
LCM
110
Laurion Capital Management
New York
$3.37M +$2.84M +175,000 New
NC
111
Nightview Capital
Texas
$3.15M +$2.66M +163,700 New
BCIM
112
British Columbia Investment Management
British Columbia, Canada
$3.06M -$45.5K -2,800 -2%
TLCM
113
Tiger Legatus Capital Management
New York
$2.89M +$1.22M +75,000 +100%
TWI
114
Thomas White International
Illinois
$2.85M +$72.8K +4,480 +3%
DIG
115
Dragoneer Investment Group
California
$2.83M -$5.44M -334,570 -69%
Wells Fargo
116
Wells Fargo
California
$2.79M +$90.9K +5,593 +4%
Voloridge Investment Management
117
Voloridge Investment Management
Florida
$2.7M -$2.65M -162,849 -54%
SEI Investments
118
SEI Investments
Pennsylvania
$2.67M +$1.7M +104,805 +309%
SAM
119
Storebrand Asset Management
Norway
$2.57M +$45.1K +2,776 +2%
LOAMS
120
Lombard Odier Asset Management (Switzerland)
Switzerland
$2.57M +$42.3K +2,600 +2%
Fidelity International
121
Fidelity International
Bermuda
$2.48M +$2.09M +128,687 New
New York State Common Retirement Fund
122
New York State Common Retirement Fund
New York
$2.47M -$1.54M -95,000 -42%
Aviva
123
Aviva
United Kingdom
$2.34M -$71.7K -4,413 -4%
PAM
124
Pinpoint Asset Management
Hong Kong
$2.29M -$4.2M -258,500 -68%
FC
125
FORA Capital
Florida
$2.1M +$1.78M +109,270 New
3 4
5
6 7

TME Hedge Fund Activity: Q4 2020 in Review

257 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Tencent Music (TME) for Q4 2020, worth a combined $10.9B — up 54% from $7.09B a quarter earlier.

Buyers outnumbered sellers: 59 funds opened new TME positions and 36 closed out — a net gain of 23 holders — while 85 added to existing stakes and 78 trimmed.

The largest buyer was Credit Suisse, adding an estimated $643M. The largest seller was Matthews International Capital Management, cutting an estimated $102M.

  • 257 institutional investors held Tencent Music (TME) as of Q4 2020, up from 239 in Q3 2020.
  • Funds reported $10.9B of Tencent Music stock for Q4 2020, up 54% quarter-over-quarter.
  • 59 funds opened new Tencent Music positions in Q4 2020 and 36 closed out, a net change of +23 holders.
  • The largest Tencent Music buyer in Q4 2020 was Credit Suisse, an estimated $643M added.
  • The largest Tencent Music seller in Q4 2020 was Matthews International Capital Management, an estimated $102M sold.

Based on aggregated 13F filings for Q4 2020.