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Tencent Music
TME

243 hedge funds and large institutions have $2.39B invested in Tencent Music in 2023 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 95 increasing their positions, 94 reducing their positions, and 53 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

5% more call options, than puts

Call options by funds: $18.7M | Put options by funds: $17.9M

1% more repeat investments, than reductions

Existing positions increased: 95 | Existing positions reduced: 94

3.01% less ownership

Funds ownership: 24.28% → 21.27% (-3%)

12% less funds holding

Funds holding: 275 → 243 (-32)

20% less capital invested

Capital invested by funds: $3B → $2.39B (-$606M)

58% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 53

Holders
243
Holders Change
-32
Holders Change %
-11.64%
% of All Funds
3.86%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.06%
New
22
Increased
95
Reduced
94
Closed
53
Calls
$18.7M
Puts
$17.9M
Net Calls
+$863K
Net Calls Change
-$3.93M

Top Buyers

1
BlackRock
BlackRock
New York
+$57.3M
2
Wellington Management Group
Wellington Management Group
Massachusetts
+$28.8M
3
Norges Bank
Norges Bank
Norway
+$20.4M
4
KFA
Krane Funds Advisors
New York
+$18.7M
5
CC
Carrhae Capital
United Kingdom
+$17.8M

Top Sellers

1
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$80.8M
2
CCM
Causeway Capital Management
California
-$44.7M
3
OAM
Origin Asset Management
United Kingdom
-$33.9M
4
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
-$33.6M
5
Robeco Institutional Asset Management
Robeco Institutional Asset Management
Netherlands
-$24M
Name Holding Trade Value Shares
Change 		Change in
Stake
Creative Planning
151
Creative Planning
Kansas
$267K -$63.8K -9,566 -19%
Nomura Holdings
152
Nomura Holdings
Japan
$265K -$2.19M -328,472 -89%
II
153
IFM Investors
Australia
$240K – – –
ETC
154
Exchange Traded Concepts
Oklahoma
$230K +$240K +36,065 New
BMSSC
155
B. Metzler seel. Sohn & Co
Germany
$230K -$240K -36,058 -50%
Corient Private Wealth
156
Corient Private Wealth
Florida
$223K -$87K -13,050 -27%
RC
157
RBF Capital
California
$223K -$600K -90,000 -72%
EAM
158
Eagle Asset Management
Florida
$212K -$5.87K -880 -3%
S
159
SignatureFD
Georgia
$203K +$3.66K +549 +2%
Cerity Partners
160
Cerity Partners
New York
$197K -$9.43K -1,414 -4%
SFFS
161
Stonehage Fleming Financial Services
Jersey
$191K +$200K +30,000 New
FTDI
162
First Trust Direct Indexing
Massachusetts
$177K -$30.4K -4,564 -14%
QCG
163
Quadrant Capital Group
Ohio
$170K -$9.95K -1,492 -5%
YCM
164
Yousif Capital Management
Michigan
$168K +$23K +3,450 +15%
VPIM
165
Vanguard Personalized Indexing Management
California
$168K +$46.7K +7,005 +36%
SMDAM
166
Sumitomo Mitsui DS Asset Management
Japan
$167K -$15.8K -2,363 -8%
RJA
167
Raymond James & Associates
Florida
$162K +$607 +91 +0.4%
Mariner
168
Mariner
Kansas
$161K +$6.34K +951 +4%
GCM
169
Genus Capital Management
British Columbia, Canada
$158K +$6.67K +1,000 +4%
LPL Financial
170
LPL Financial
California
$155K -$5.63K -844 -3%
GCP
171
GSA Capital Partners
United Kingdom
$155K +$40.8K +6,112 +34%
CC
172
Centiva Capital
New York
$154K +$161K +24,185 New
Northwestern Mutual Wealth Management
173
Northwestern Mutual Wealth Management
Wisconsin
$148K +$58.5K +8,770 +61%
FRM
174
Fox Run Management
Connecticut
$147K -$110K -16,556 -42%
BC
175
Bridgefront Capital
Texas
$145K +$20.7K +3,100 +16%
5 6
7
8 9

TME Hedge Fund Activity: Q3 2023 in Review

243 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Tencent Music (TME) for Q3 2023, worth a combined $2.39B — down 20% from $3B a quarter earlier.

Sellers outnumbered buyers: 53 funds closed out of TME and 22 opened new positions — a net loss of 31 holders — while 94 trimmed existing stakes and 95 added.

The largest buyer was BlackRock, adding an estimated $57.3M. The largest seller was Acadian Asset Management, cutting an estimated $80.8M.

  • 243 institutional investors held Tencent Music (TME) as of Q3 2023, down from 275 in Q2 2023.
  • Funds reported $2.39B of Tencent Music stock for Q3 2023, down 20% quarter-over-quarter.
  • 22 funds opened new Tencent Music positions in Q3 2023 and 53 closed out, a net change of -31 holders.
  • The largest Tencent Music buyer in Q3 2023 was BlackRock, an estimated $57.3M added.
  • The largest Tencent Music seller in Q3 2023 was Acadian Asset Management, an estimated $80.8M sold.

Based on aggregated 13F filings for Q3 2023.