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Tencent Music
TME

213 hedge funds and large institutions have $2.75B invested in Tencent Music in 2020 Q1 according to their latest regulatory filings, with 46 funds opening new positions, 71 increasing their positions, 54 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

52% more call options, than puts

Call options by funds: $68.9M | Put options by funds: $45.3M

31% more repeat investments, than reductions

Existing positions increased: 71 | Existing positions reduced: 54

31% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 35

4% more funds holding

Funds holding: 205 → 213 (+8)

13% less capital invested

Capital invested by funds: $3.15B → $2.75B (-$394M)

23.24% less ownership

Funds ownership: 43.62% → 20.38% (-23%)

25% less funds holding in top 10

Funds holding in top 10: 12 → 9 (-3)

Holders
213
Holders Change
+8
Holders Change %
+3.9%
% of All Funds
4.69%
Holding in Top 10
9
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-25%
% of All Funds
0.2%
New
46
Increased
71
Reduced
54
Closed
35
Calls
$68.9M
Puts
$45.3M
Net Calls
+$23.6M
Net Calls Change
-$21M

Top Buyers

1
VAM
Vontobel Asset Management
New York
+$167M
2
Wellington Management Group
Wellington Management Group
Massachusetts
+$163M
3
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
+$128M
4
HSBC Holdings
HSBC Holdings
United Kingdom
+$114M
5
TCM
Tybourne Capital Management
Hong Kong
+$98.6M

Top Sellers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$668M
2
DCP
D1 Capital Partners
New York
-$132M
3
HAM
Honeycomb Asset Management
New York
-$74.3M
4
JG
Jefferies Group
New York
-$55.4M
5
Goldman Sachs
Goldman Sachs
New York
-$45.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
Zurich Cantonal Bank
151
Zurich Cantonal Bank
Switzerland
$238K – – –
PAM
152
Panagora Asset Management
Massachusetts
$228K -$87.6K -7,114 -24%
LCM
153
Landscape Capital Management
New Jersey
$222K +$272K +22,066 New
Asset Management One
154
Asset Management One
Japan
$211K -$78.3K -6,363 -23%
APG Asset Management
155
APG Asset Management
Netherlands
$207K +$254K +20,600 New
MML Investors Services
156
MML Investors Services
Massachusetts
$205K – – –
NM
157
NWI Management
New York
$205K – – –
PW
158
Price Wealth
Texas
$205K – – –
EFMH
159
E Fund Management (HK)
Hong Kong
$203K +$248K +20,141 New
Russell Investments Group
160
Russell Investments Group
United Kingdom
$184K +$226K +18,337 +18,337%
Bank of Nova Scotia
161
Bank of Nova Scotia
Ontario, Canada
$183K -$30K -2,436 -12%
Comerica Bank
162
Comerica Bank
Texas
$177K -$4.16K -338 -2%
CIM
163
Confluence Investment Management
Missouri
$175K -$9.51K -773 -4%
Stifel Financial
164
Stifel Financial
Missouri
$166K +$38.9K +3,161 +24%
EVM
165
Eaton Vance Management
Massachusetts
$158K – – –
AAM
166
Advisors Asset Management
Colorado
$156K -$3.43K -279 -2%
Mitsubishi UFJ Asset Management
167
Mitsubishi UFJ Asset Management
Japan
$155K – – –
RHBC
168
R.H. Bluestein & Co
Michigan
$151K -$185K -15,000 -50%
JT
169
Jump Trading
Illinois
$147K +$180K +14,588 New
CG
170
Cutler Group
California
$146K -$295K -23,946 -62%
B
171
BP
United Kingdom
$144K – – –
GIBU
172
Gulf International Bank (UK)
United Kingdom
$140K – – –
SEI Investments
173
SEI Investments
Pennsylvania
$136K +$166K +13,484 New
Squarepoint
174
Squarepoint
New York
$134K -$928K -75,404 -85%
Macquarie Group
175
Macquarie Group
Australia
$133K -$4.04M -327,937 -96%
5 6
7
8 9

TME Hedge Fund Activity: Q1 2020 in Review

213 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Tencent Music (TME) for Q1 2020, worth a combined $2.75B — down 13% from $3.15B a quarter earlier.

Buyers outnumbered sellers: 46 funds opened new TME positions and 35 closed out — a net gain of 11 holders — while 71 added to existing stakes and 54 trimmed.

The largest buyer was Vontobel Asset Management, opening a new position worth an estimated $167M. The largest seller was T. Rowe Price Associates, cutting an estimated $668M.

  • 213 institutional investors held Tencent Music (TME) as of Q1 2020, up from 205 in Q4 2019.
  • Funds reported $2.75B of Tencent Music stock for Q1 2020, down 13% quarter-over-quarter.
  • 46 funds opened new Tencent Music positions in Q1 2020 and 35 closed out, a net change of +11 holders.
  • The largest Tencent Music buyer in Q1 2020 was Vontobel Asset Management, an estimated $167M added.
  • The largest Tencent Music seller in Q1 2020 was T. Rowe Price Associates, an estimated $668M sold.

Based on aggregated 13F filings for Q1 2020.