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Tencent Music
TME

232 hedge funds and large institutions have $5.31B invested in Tencent Music in 2020 Q2 according to their latest regulatory filings, with 54 funds opening new positions, 99 increasing their positions, 47 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

111% more repeat investments, than reductions

Existing positions increased: 99 | Existing positions reduced: 47

93% more capital invested

Capital invested by funds: $2.75B → $5.31B (+$2.56B)

72% more call options, than puts

Call options by funds: $108M | Put options by funds: $62.6M

67% more funds holding in top 10

Funds holding in top 10: 9 → 15 (+6)

59% more first-time investments, than exits

New positions opened: 54 | Existing positions closed: 34

9.01% more ownership

Funds ownership: 20.38% → 29.39% (+9%)

9% more funds holding

Funds holding: 213 → 232 (+19)

Holders
232
Holders Change
+19
Holders Change %
+8.92%
% of All Funds
4.76%
Holding in Top 10
15
Holding in Top 10 Change
+6
Holding in Top 10 Change %
+66.67%
% of All Funds
0.31%
New
54
Increased
99
Reduced
47
Closed
34
Calls
$108M
Puts
$62.6M
Net Calls
+$45.3M
Net Calls Change
+$21.7M

Top Buyers

1
BlackRock
BlackRock
New York
+$215M
2
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
+$155M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$139M
4
CS
Credit Suisse
Switzerland
+$115M
5
Renaissance Technologies
Renaissance Technologies
New York
+$113M

Top Sellers

1
DCP
D1 Capital Partners
New York
-$127M
2
TCM
Tybourne Capital Management
Hong Kong
-$80.6M
3
Assenagon Asset Management
Assenagon Asset Management
Luxembourg
-$39.9M
4
KCM
Kingstown Capital Management
New York
-$26.6M
5
IC
Iconiq Capital
California
-$24M
Name Holding Trade Value Shares
Change 		Change in
Stake
AllianceBernstein
126
AllianceBernstein
Tennessee
$1.18M +$1.04M +87,625 New
BHB
127
Bank Hapoalim BM
Israel
$1.14M -$628K -52,988 -39%
Asset Management One
128
Asset Management One
Japan
$1.13M +$747K +63,105 +301%
Verition Fund Management
129
Verition Fund Management
Connecticut
$1.13M +$992K +83,740 New
LFDLE
130
La Financiere de L'Echiquier
France
$1M +$461K +38,919 +109%
First Trust Advisors
131
First Trust Advisors
Illinois
$996K -$165K -13,912 -16%
Los Angeles Capital Management
132
Los Angeles Capital Management
California
$983K -$39.4K -3,325 -4%
KC
133
Kadensa Capital
Hong Kong
$975K +$858K +72,412 New
Thrivent Financial for Lutherans
134
Thrivent Financial for Lutherans
Minnesota
$972K +$855K +72,236 New
GIBU
135
Gulf International Bank (UK)
United Kingdom
$958K +$677K +57,200 +409%
MIFH
136
Migdal Insurance & Financial Holdings
Israel
$950K +$315K +26,566 +59%
EFMH
137
E Fund Management (HK)
Hong Kong
$934K +$584K +49,272 +245%
Mitsubishi UFJ Asset Management
138
Mitsubishi UFJ Asset Management
Japan
$892K +$603K +50,917 +331%
AIM
139
AIA Investment Management
Singapore
$882K +$776K +65,553 New
AII
140
AGF Investments Inc
Ontario, Canada
$875K +$770K +65,000 New
SSA
141
Schonfeld Strategic Advisors
New York
$836K +$735K +62,100 New
FAM
142
Fulcrum Asset Management
United Kingdom
$831K +$689K +58,185 New
AT
143
AMF Tjänstepension
Sweden
$808K +$391K +33,026 +122%
EGM
144
Engineers Gate Manager
New York
$777K -$657K -55,500 -49%
William Blair & Company
145
William Blair & Company
Illinois
$754K – – –
AIM
146
Allen Investment Management
New York
$686K – – –
Wells Fargo
147
Wells Fargo
California
$662K -$172K -14,536 -23%
Comerica Bank
148
Comerica Bank
Texas
$642K +$276K +23,325 +142%
DCP
149
DSM Capital Partners
Florida
$631K +$50.6K +4,270 +10%
TRCT
150
Tower Research Capital (TRC)
New York
$622K +$261K +22,063 +91%
4 5
6
7 8

TME Hedge Fund Activity: Q2 2020 in Review

232 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Tencent Music (TME) for Q2 2020, worth a combined $5.31B — up 93% from $2.75B a quarter earlier.

Buyers outnumbered sellers: 54 funds opened new TME positions and 34 closed out — a net gain of 20 holders — while 99 added to existing stakes and 47 trimmed.

The largest buyer was BlackRock, adding an estimated $215M. The largest seller was D1 Capital Partners, exiting entirely with an estimated $127M sold.

  • 232 institutional investors held Tencent Music (TME) as of Q2 2020, up from 213 in Q1 2020.
  • Funds reported $5.31B of Tencent Music stock for Q2 2020, up 93% quarter-over-quarter.
  • 54 funds opened new Tencent Music positions in Q2 2020 and 34 closed out, a net change of +20 holders.
  • The largest Tencent Music buyer in Q2 2020 was BlackRock, an estimated $215M added.
  • The largest Tencent Music seller in Q2 2020 was D1 Capital Partners, an estimated $127M sold.

Based on aggregated 13F filings for Q2 2020.