Tencent Music
290 hedge funds and large institutions have $4.99B invested in Tencent Music in 2024 Q1 according to their latest regulatory filings, with 62 funds opening new positions, 109 increasing their positions, 84 reducing their positions, and 24 closing their positions.
158% more first-time investments, than exits
New positions opened: 62 | Existing positions closed: 24
71% more call options, than puts
Call options by funds: $62.9M | Put options by funds: $36.8M
31% more capital invested
Capital invested by funds: $3.8B → $4.99B (+$1.19B)
30% more repeat investments, than reductions
Existing positions increased: 109 | Existing positions reduced: 84
20% more funds holding in top 10
Funds holding in top 10: 10 → 12 (+2)
15% more funds holding
Funds holding: 253 → 290 (+37)
1.34% more ownership
Funds ownership: 24.59% → 25.92% (+1.3%)
Top Buyers
| 1 |
AMH
Aspex Management (HK)
Central,
Hong Kong
|
+$87.9M |
| 2 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$83.5M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$49.9M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$41M |
| 5 |
BAMCO Inc
New York
|
+$35.8M |
Top Sellers
| 1 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$115M |
| 2 |
Morgan Stanley
New York
|
-$65.3M |
| 3 |
Goldman Sachs
New York
|
-$44.8M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$44.7M |
| 5 |
HSBC Holdings
London,
United Kingdom
|
-$33.1M |
TME Hedge Fund Activity: Q1 2024 in Review
290 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Tencent Music (TME) for Q1 2024, worth a combined $4.99B — up 31% from $3.8B a quarter earlier.
Buyers outnumbered sellers: 62 funds opened new TME positions and 24 closed out — a net gain of 38 holders — while 109 added to existing stakes and 84 trimmed.
The largest buyer was Aspex Management (HK), adding an estimated $87.9M. The largest seller was Canada Pension Plan Investment Board, cutting an estimated $115M.
- 290 institutional investors held Tencent Music (TME) as of Q1 2024, up from 253 in Q4 2023.
- Funds reported $4.99B of Tencent Music stock for Q1 2024, up 31% quarter-over-quarter.
- 62 funds opened new Tencent Music positions in Q1 2024 and 24 closed out, a net change of +38 holders.
- The largest Tencent Music buyer in Q1 2024 was Aspex Management (HK), an estimated $87.9M added.
- The largest Tencent Music seller in Q1 2024 was Canada Pension Plan Investment Board, an estimated $115M sold.
Based on aggregated 13F filings for Q1 2024.