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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
Russell Investments Group
101
Russell Investments Group
United Kingdom
$3.14M -$5.01M -648,061 -65%
New York State Common Retirement Fund
102
New York State Common Retirement Fund
New York
$3.09M -$9.35M -1,208,092 -78%
SG Americas Securities
103
SG Americas Securities
New York
$2.93M +$315K +40,765 +14%
DZ Bank
104
DZ Bank
Germany
$2.7M -$232K -30,000 -9%
Federated Hermes
105
Federated Hermes
Pennsylvania
$2.69M +$2.31M +298,578 New
BCIM
106
British Columbia Investment Management
British Columbia, Canada
$2.68M – – –
OMC
107
Old Mission Capital
Illinois
$2.51M +$2.16M +278,893 New
CG
108
Carmignac Gestion
France
$2.51M +$2.15M +278,080 New
PCM
109
Penserra Capital Management
California
$2.49M -$1.02M -132,414 -32%
DACS
110
Dymon Asia Capital (Singapore)
Singapore
$2.42M +$1.33M +172,234 +179%
Public Sector Pension Investment Board (PSP Investments)
111
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$2.37M +$17.8K +2,300 +0.9%
Aberdeen Group
112
Aberdeen Group
United Kingdom
$2.31M +$53.6K +6,931 +3%
MIM
113
Morningstar Investment Management
Illinois
$2.23M -$17.9K -2,317 -0.9%
National Pension Service
114
National Pension Service
South Korea
$2.2M – – –
Nomura Holdings
115
Nomura Holdings
Japan
$2.08M +$1.46M +188,937 +454%
CUAMC
116
China Universal Asset Management Company
China
$2.08M +$1.7M +220,000 +2,115%
Squarepoint
117
Squarepoint
New York
$1.92M +$412K +53,217 +33%
PP
118
Prudential plc
United Kingdom
$1.9M -$1.42M -183,531 -47%
California State Teachers Retirement System (CalSTRS)
119
California State Teachers Retirement System (CalSTRS)
California
$1.81M +$356K +45,992 +30%
Zurich Cantonal Bank
120
Zurich Cantonal Bank
Switzerland
$1.69M -$268K -34,578 -16%
Handelsbanken Fonder
121
Handelsbanken Fonder
Sweden
$1.65M -$489K -63,184 -26%
Two Sigma Investments
122
Two Sigma Investments
New York
$1.64M -$188K -24,300 -12%
Mitsubishi UFJ Trust & Banking
123
Mitsubishi UFJ Trust & Banking
Japan
$1.63M +$387K +50,011 +38%
Coatue Management
124
Coatue Management
New York
$1.61M +$1.38M +178,670 New
Swedbank
125
Swedbank
Sweden
$1.59M +$878K +113,400 +179%
3 4
5
6 7

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.