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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
Citadel Advisors
176
Citadel Advisors
Florida
$258K -$790K -66,741 -78%
Russell Investments Group
177
Russell Investments Group
United Kingdom
$246K -$1.18K -100 -0.5%
Bank of Nova Scotia
178
Bank of Nova Scotia
Ontario, Canada
$245K – – –
BAM
179
Blueshift Asset Management
New Jersey
$225K +$198K +16,727 New
Stifel Financial
180
Stifel Financial
Missouri
$222K +$924 +78 +0.5%
LI
181
Leap Investments
Illinois
$214K -$251K -21,200 -57%
DekaBank Deutsche Girozentrale
182
DekaBank Deutsche Girozentrale
Germany
$212K -$633K -53,474 -77%
WCM
183
Weld Capital Management
New York
$212K +$186K +15,747 New
Wolverine Trading
184
Wolverine Trading
Illinois
$207K -$120K -10,108 -39%
JMPWA
185
JP Morgan Private Wealth Advisors
California
$206K +$181K +15,286 New
RHBC
186
R.H. Bluestein & Co
Michigan
$202K – – –
BCM
187
Bluefin Capital Management
New York
$199K +$175K +14,802 New
B
188
BP
United Kingdom
$192K – – –
Acadian Asset Management
189
Acadian Asset Management
Massachusetts
$191K +$168K +14,216 +37,411%
AAM
190
Advisors Asset Management
Colorado
$185K -$20.3K -1,714 -11%
DS
191
DRW Securities
Illinois
$175K +$154K +13,000 New
CG
192
Cutler Group
California
$170K -$22.3K -1,880 -13%
Aberdeen Group
193
Aberdeen Group
United Kingdom
$166K -$8.78K -741 -6%
SAM
194
Shell Asset Management
Netherlands
$164K +$64K +5,400 +79%
ACM
195
Aubrey Capital Management
United Kingdom
$160K +$141K +11,900 New
SW
196
SkyOak Wealth
Michigan
$154K +$136K +11,444 New
P
197
&Partners
Tennessee
$148K – – –
Public Sector Pension Investment Board (PSP Investments)
198
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$146K +$129K +10,876 New
Chevy Chase Trust
199
Chevy Chase Trust
Maryland
$137K – – –
MC
200
Maverick Capital
Texas
$137K +$120K +10,170 New
6 7
8
9 10

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.