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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
AG
176
AIA Group
Hong Kong
$131K +$160K +13,000 New
Aberdeen Group
177
Aberdeen Group
United Kingdom
$131K +$161K +13,096 New
Manulife (Manufacturers Life Insurance)
178
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$125K -$17M -1,380,719 -99%
P
179
&Partners
Tennessee
$111K +$135K +11,000 New
Chevy Chase Trust
180
Chevy Chase Trust
Maryland
$103K – – –
EM
181
ELCO Management
New York
$101K – – –
GF
182
Gabelli Funds
New York
$101K – – –
FFM
183
Fullerton Fund Management
Singapore
$99K -$88.5K -7,192 -42%
SAM
184
Shell Asset Management
Netherlands
$68K – – –
QCG
185
Quadrant Capital Group
Ohio
$63K – – –
PI
186
PEAK6 Investments
Illinois
$55K +$67.2K +5,456 New
GWM
187
Geneos Wealth Management
Colorado
$46K – – –
NFG
188
Next Financial Group
Texas
$45K +$38.4K +3,119 +228%
Osaic Holdings
189
Osaic Holdings
Arizona
$42K +$51.2K +4,157 New
Skandinaviska Enskilda Banken (SEB)
190
Skandinaviska Enskilda Banken (SEB)
Sweden
$40K – – –
HIIFS
191
Harel Insurance Investments & Financial Services
Israel
$40K +$49.2K +4,000 New
HFM
192
Harvest Fund Management
China
$36K – – –
PI
193
PineBridge Investments
New York
$22K +$14.2K +1,154 +108%
QT
194
Quantbot Technologies
New York
$20K -$890K -72,329 -97%
FDCDDQ
195
Federation des caisses Desjardins du Quebec
Quebec, Canada
$16.6K – – –
EWM
196
Endurance Wealth Management
Rhode Island
$15K +$18.5K +1,500 New
KTC
197
Kistler-Tiffany Companies
Pennsylvania
$13K – – –
SPIA
198
Steward Partners Investment Advisory
New York
$10K – – –
AIG
199
American International Group
New York
$8K -$2.56K -208 -21%
PNC Financial Services Group
200
PNC Financial Services Group
Pennsylvania
$5K -$2.84K -231 -32%
6 7
8
9 10

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.