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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
Janney Montgomery Scott
151
Janney Montgomery Scott
Pennsylvania
$445K +$382K +49,372 New
DnB Asset Management
152
DnB Asset Management
Norway
$438K +$376K +48,598 New
DGAM
153
Desjardins Global Asset Management
Quebec, Canada
$428K – – –
LSA
154
Leonteq Securities AG
Switzerland
$418K -$167K -21,561 -32%
Osaic Holdings
155
Osaic Holdings
Arizona
$399K -$375K -48,442 -52%
PFS
156
Prospera Financial Services
Texas
$382K -$29.4K -3,805 -8%
ETC
157
Exchange Traded Concepts
Oklahoma
$379K +$46K +5,944 +16%
KBC Group
158
KBC Group
Belgium
$360K -$1.32M -170,034 -81%
Mariner
159
Mariner
Kansas
$347K +$103K +13,348 +53%
FRM
160
Fox Run Management
Connecticut
$346K +$119K +15,437 +67%
II
161
IFM Investors
Australia
$339K – – –
BMSSC
162
B. Metzler seel. Sohn & Co
Germany
$325K – – –
RC
163
RBF Capital
California
$315K – – –
S
164
SignatureFD
Georgia
$302K +$12.6K +1,628 +5%
VSQM
165
V-Square Quantitative Management
Illinois
$302K +$259K +33,463 New
RGI
166
River Global Investors
United Kingdom
$296K -$1.12M -144,569 -81%
EAM
167
Eagle Asset Management
Florida
$291K -$7.14K -923 -3%
PCM
168
Prelude Capital Management
New York
$291K +$250K +32,300 New
Corient Private Wealth
169
Corient Private Wealth
Florida
$289K -$22.6K -2,917 -8%
GS
170
GTS Securities
New York
$285K +$143K +18,437 +140%
QCG
171
Quadrant Capital Group
Ohio
$285K +$37.8K +4,881 +18%
Cerity Partners
172
Cerity Partners
New York
$277K -$859 -111 -0.4%
CIA
173
Concurrent Investment Advisors
Florida
$261K +$224K +29,000 New
FTDI
174
First Trust Direct Indexing
Massachusetts
$253K +$1.82K +235 +0.8%
Wolverine Trading
175
Wolverine Trading
Illinois
$239K +$43.6K +5,635 +27%
5 6
7
8 9

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.