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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
Royal Bank of Canada
126
Royal Bank of Canada
Ontario, Canada
$1.54M +$444K +57,342 +51%
GF
127
Gabelli Funds
New York
$1.32M -$15.5K -2,000 -1%
GI
128
GAMCO Investors
Connecticut
$1.32M – – –
PA
129
Profund Advisors
Maryland
$1.26M +$255K +32,924 +31%
AIMCA
130
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$1.21M – – –
Susquehanna International Group
131
Susquehanna International Group
Pennsylvania
$1.2M -$1.35M -174,162 -57%
TAMH
132
Taikang Asset Management (HK)
Hong Kong
$1.1M +$945K +122,124 New
Asset Management One
133
Asset Management One
Japan
$1.02M – – –
Wells Fargo
134
Wells Fargo
California
$981K +$34.9K +4,513 +4%
DekaBank Deutsche Girozentrale
135
DekaBank Deutsche Girozentrale
Germany
$854K -$61.8K -7,992 -7%
Skandinaviska Enskilda Banken (SEB)
136
Skandinaviska Enskilda Banken (SEB)
Sweden
$851K – – –
Connor, Clark & Lunn Investment Management (CC&L)
137
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$817K -$5.82M -751,822 -89%
RhumbLine Advisers
138
RhumbLine Advisers
Massachusetts
$800K -$14.3K -1,851 -2%
SAM
139
Storebrand Asset Management
Norway
$694K +$96.3K +12,450 +19%
Nomura Asset Management
140
Nomura Asset Management
Japan
$672K – – –
Ensign Peak Advisors
141
Ensign Peak Advisors
Utah
$656K – – –
LNWWM
142
Laird Norton Wetherby Wealth Management
California
$627K +$60.3K +7,788 +13%
CAN
143
Cetera Advisor Networks
California
$619K +$172K +22,283 +48%
GT
144
Greenleaf Trust
Michigan
$547K – – –
Creative Planning
145
Creative Planning
Kansas
$543K +$143K +18,498 +44%
GIBU
146
Gulf International Bank (UK)
United Kingdom
$539K – – –
LPL Financial
147
LPL Financial
California
$514K +$252K +32,627 +134%
VOYA Investment Management
148
VOYA Investment Management
Georgia
$472K -$94.8K -12,245 -19%
XSC
149
X-Square Capital
Puerto Rico
$451K -$16.3K -2,102 -4%
SAM
150
Shell Asset Management
Netherlands
$445K -$46K -5,943 -11%
4 5
6
7 8

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.