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Tencent Music
TME

257 hedge funds and large institutions have $10.9B invested in Tencent Music in 2020 Q4 according to their latest regulatory filings, with 59 funds opening new positions, 85 increasing their positions, 78 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

64% more first-time investments, than exits

New positions opened: 59 | Existing positions closed: 36

54% more capital invested

Capital invested by funds: $7.09B → $10.9B (+$3.81B)

8% more funds holding

Funds holding: 239 → 257 (+18)

6.33% more ownership

Funds ownership: 35.83% → 42.16% (+6.3%)

9% more repeat investments, than reductions

Existing positions increased: 85 | Existing positions reduced: 78

6% more call options, than puts

Call options by funds: $164M | Put options by funds: $155M

0% more funds holding in top 10

Funds holding in top 10: 12 → 12 (0)

Holders
257
Holders Change
+18
Holders Change %
+7.53%
% of All Funds
4.55%
Holding in Top 10
12
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.21%
New
59
Increased
85
Reduced
78
Closed
36
Calls
$164M
Puts
$155M
Net Calls
+$9.04M
Net Calls Change
-$26.6M

Top Buyers

Rank Fund Capital Flow
1
CS
Credit Suisse
Switzerland
+$643M
2
Nomura Holdings
Nomura Holdings
Japan
+$488M
3
Goldman Sachs
Goldman Sachs
New York
+$266M
4
Deutsche Bank
Deutsche Bank
Germany
+$109M
5
Morgan Stanley
Morgan Stanley
New York
+$73.2M

Top Sellers

Rank Fund Capital Flow
1
MICM
Matthews International Capital Management
California
-$102M
2
N
Natixis
France
-$64.1M
3
Tiger Global Management
Tiger Global Management
New York
-$39.9M
4
HIP
Hengistbury Investment Partners
United Kingdom
-$39.4M
5
BAMCO Inc
BAMCO Inc
New York
-$33.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
HT
176
HAP Trading
New York
$443K +$374K +23,042 New
CGH
177
Crossmark Global Holdings
Texas
$420K +$19.2K +1,180 +6%
IFG
178
Independent Financial Group
California
$401K +$338K +20,824 New
PFO
179
Pathstone Family Office
New Jersey
$392K +$331K +20,381 New
NM
180
NWI Management
New York
$391K – – –
BFS
181
Bradley Foster & Sargent
Connecticut
$385K -$163 -10 -0%
Janus Henderson Group
182
Janus Henderson Group
United Kingdom
$372K +$314K +19,346 New
CIM
183
Confluence Investment Management
Missouri
$369K -$9.3K -572 -3%
FSA
184
Financial Sense Advisors
California
$364K +$308K +18,927 New
Bank of Nova Scotia
185
Bank of Nova Scotia
Ontario, Canada
$353K -$45.5K -2,800 -13%
Citadel Advisors
186
Citadel Advisors
Florida
$346K +$292K +17,997 New
Polen Capital Management
187
Polen Capital Management
Florida
$343K +$290K +17,834 New
GC
188
Guggenheim Capital
Illinois
$339K +$65.4K +4,027 +30%
QI
189
Qtron Investments
Massachusetts
$331K +$279K +17,185 New
TRCT
190
Tower Research Capital (TRC)
New York
$321K -$90.8K -5,587 -25%
GF
191
Gabelli Funds
New York
$308K +$24.4K +1,500 +10%
M&T Bank
192
M&T Bank
New York
$296K -$33.6K -2,067 -12%
JMPWA
193
JP Morgan Private Wealth Advisors
California
$294K -$1.46K -90 -0.6%
RHBC
194
R.H. Bluestein & Co
Michigan
$289K – – –
XS
195
XR Securities
Illinois
$280K +$236K +14,529 New
B
196
BP
United Kingdom
$275K – – –
CSS
197
Cubist Systematic Strategies
Connecticut
$254K +$214K +13,196 New
LNWWM
198
Laird Norton Wetherby Wealth Management
California
$252K +$213K +13,120 New
American Century Companies
199
American Century Companies
Missouri
$244K +$206K +12,658 New
RIM
200
Redpoint Investment Management
Australia
$237K +$200K +12,316 New
6 7
8
9 10

TME Hedge Fund Activity: Q4 2020 in Review

257 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Tencent Music (TME) for Q4 2020, worth a combined $10.9B — up 54% from $7.09B a quarter earlier.

Buyers outnumbered sellers: 59 funds opened new TME positions and 36 closed out — a net gain of 23 holders — while 85 added to existing stakes and 78 trimmed.

The largest buyer was Credit Suisse, adding an estimated $643M. The largest seller was Matthews International Capital Management, cutting an estimated $102M.

  • 257 institutional investors held Tencent Music (TME) as of Q4 2020, up from 239 in Q3 2020.
  • Funds reported $10.9B of Tencent Music stock for Q4 2020, up 54% quarter-over-quarter.
  • 59 funds opened new Tencent Music positions in Q4 2020 and 36 closed out, a net change of +23 holders.
  • The largest Tencent Music buyer in Q4 2020 was Credit Suisse, an estimated $643M added.
  • The largest Tencent Music seller in Q4 2020 was Matthews International Capital Management, an estimated $102M sold.

Based on aggregated 13F filings for Q4 2020.