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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
PCM
151
Prelude Capital Management
New York
$617K -$1.08M -90,867 -66%
Fidelity Investments
152
Fidelity Investments
Massachusetts
$555K -$7.84M -662,236 -94%
VIA
153
Vident Investment Advisory
Georgia
$553K +$486K +41,078 New
Arrowstreet Capital
154
Arrowstreet Capital
Massachusetts
$542K -$4.25M -359,130 -90%
AG
155
AIA Group
Hong Kong
$525K +$347K +29,313 +225%
FFM
156
Fullerton Fund Management
Singapore
$502K +$326K +27,491 +280%
Macquarie Group
157
Macquarie Group
Australia
$492K +$277K +23,394 +177%
ED
158
Exane Derivatives
France
$462K +$113K +9,500 +38%
Parallax Volatility Advisers
159
Parallax Volatility Advisers
California
$443K -$14.7M -1,240,811 -97%
CLOS
160
Compagnie Lombard Odier SCmA
Switzerland
$436K +$21.7K +1,835 +6%
VOYA Investment Management
161
VOYA Investment Management
Georgia
$422K +$371K +31,331 New
Skandinaviska Enskilda Banken (SEB)
162
Skandinaviska Enskilda Banken (SEB)
Sweden
$408K +$311K +26,300 +658%
SEI Investments
163
SEI Investments
Pennsylvania
$344K +$122K +10,323 +77%
Nomura Asset Management
164
Nomura Asset Management
Japan
$316K +$278K +23,500 New
PAM
165
Panagora Asset Management
Massachusetts
$306K – – –
BIM
166
Bogle Investment Management
Massachusetts
$295K -$11M -928,371 -98%
AQR Capital Management
167
AQR Capital Management
Connecticut
$293K +$258K +21,744 New
SEC
168
Seven Eight Capital
New York
$283K +$249K +20,994 New
MML Investors Services
169
MML Investors Services
Massachusetts
$278K +$3.62K +306 +2%
NM
170
NWI Management
New York
$274K – – –
PW
171
Price Wealth
Texas
$274K – – –
Squarepoint
172
Squarepoint
New York
$270K +$80K +6,754 +51%
DTL
173
Dynamic Technology Lab
Singapore
$265K -$153K -12,937 -40%
CIM
174
Confluence Investment Management
Missouri
$265K +$27.2K +2,300 +13%
M&T Bank
175
M&T Bank
New York
$262K +$231K +19,488 New
5 6
7
8 9

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.