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Tencent Music
TME

259 hedge funds and large institutions have $3.21B invested in Tencent Music in 2021 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 107 increasing their positions, 79 reducing their positions, and 74 closing their positions.

New
Increased
Maintained
Reduced
Closed

35% more repeat investments, than reductions

Existing positions increased: 107 | Existing positions reduced: 79

2.22% less ownership

Funds ownership: 28.45% → 26.23% (-2.2%)

16% less funds holding

Funds holding: 309 → 259 (-50)

49% less call options, than puts

Call options by funds: $94.1M | Put options by funds: $185M

56% less capital invested

Capital invested by funds: $7.35B → $3.21B (-$4.14B)

64% less first-time investments, than exits

New positions opened: 27 | Existing positions closed: 74

64% less funds holding in top 10

Funds holding in top 10: 14 → 5 (-9)

Holders
259
Holders Change
-50
Holders Change %
-16.18%
% of All Funds
4.53%
Holding in Top 10
5
Holding in Top 10 Change
-9
Holding in Top 10 Change %
-64.29%
% of All Funds
0.09%
New
27
Increased
107
Reduced
79
Closed
74
Calls
$94.1M
Puts
$185M
Net Calls
-$90.4M
Net Calls Change
+$154M

Top Buyers

1
Two Sigma Investments
Two Sigma Investments
New York
+$132M
2
Two Sigma Advisers
Two Sigma Advisers
New York
+$74.9M
3
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$74.5M
4
APG Asset Management
APG Asset Management
Netherlands
+$67.8M
5
KFA
Krane Funds Advisors
New York
+$64.1M

Top Sellers

1
Invesco
Invesco
Georgia
-$273M
2
SEP
Soma Equity Partners
California
-$194M
3
Ninety One (UK)
Ninety One (UK)
United Kingdom
-$192M
4
William Blair Investment Management
William Blair Investment Management
Illinois
-$126M
5
AS
Altshuler Shaham
Israel
-$74.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
AIM
176
Allen Investment Management
New York
$369K – – –
Ensign Peak Advisors
177
Ensign Peak Advisors
Utah
$361K – – –
Wolverine Trading
178
Wolverine Trading
Illinois
$357K -$822K -83,841 -62%
Osaic Holdings
179
Osaic Holdings
Arizona
$355K +$110K +11,268 +30%
Nomura Asset Management
180
Nomura Asset Management
Japan
$339K – – –
TSS
181
Two Sigma Securities
New York
$334K +$284K +28,942 +169%
CM
182
Caption Management
Oklahoma
$333K +$175K +17,900 +64%
CMTU
183
Capital Markets Trading (UK)
United Kingdom
$328K +$459K +46,785 New
AIM
184
Aigen Investment Management
New York
$315K +$426K +43,503 New
PFS
185
Prospera Financial Services
Texas
$300K +$215K +21,978 +113%
WFI
186
West Family Investments
California
$247K +$334K +34,047 New
GCP
187
GSA Capital Partners
United Kingdom
$241K +$326K +33,228 New
Korea Investment Corp
188
Korea Investment Corp
South Korea
$233K -$6.85M -698,700 -96%
GC
189
Guggenheim Capital
Illinois
$226K -$34.2K -3,487 -10%
RJA
190
Raymond James & Associates
Florida
$219K -$423K -43,208 -59%
SFFS
191
Stonehage Fleming Financial Services
Jersey
$218K +$294K +30,000 New
1832 Asset Management
192
1832 Asset Management
Ontario, Canada
$207K +$126K +12,900 +78%
Comerica Bank
193
Comerica Bank
Texas
$203K -$318K -32,451 -58%
BCV
194
Banque Cantonale Vaudoise
Switzerland
$184K +$28.9K +2,944 +13%
BCM
195
Bayesian Capital Management
New York
$183K +$247K +25,200 New
RIM
196
Redpoint Investment Management
Australia
$181K – – –
PFO
197
Pathstone Family Office
New Jersey
$148K -$666 -68 -0.3%
ZF
198
Zhang Financial
Michigan
$145K +$195K +19,925 New
US Bancorp
199
US Bancorp
Minnesota
$138K -$322K -32,838 -63%
S
200
SignatureFD
Georgia
$118K +$59.2K +6,042 +59%
6 7
8
9 10

TME Hedge Fund Activity: Q3 2021 in Review

259 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Tencent Music (TME) for Q3 2021, worth a combined $3.21B — down 56% from $7.35B a quarter earlier.

Sellers outnumbered buyers: 74 funds closed out of TME and 27 opened new positions — a net loss of 47 holders — while 79 trimmed existing stakes and 107 added.

The largest buyer was Two Sigma Investments, opening a new position worth an estimated $132M. The largest seller was Invesco, cutting an estimated $273M.

  • 259 institutional investors held Tencent Music (TME) as of Q3 2021, down from 309 in Q2 2021.
  • Funds reported $3.21B of Tencent Music stock for Q3 2021, down 56% quarter-over-quarter.
  • 27 funds opened new Tencent Music positions in Q3 2021 and 74 closed out, a net change of -47 holders.
  • The largest Tencent Music buyer in Q3 2021 was Two Sigma Investments, an estimated $132M added.
  • The largest Tencent Music seller in Q3 2021 was Invesco, an estimated $273M sold.

Based on aggregated 13F filings for Q3 2021.