Tencent Music
255 hedge funds and large institutions have $3.31B invested in Tencent Music in 2023 Q1 according to their latest regulatory filings, with 49 funds opening new positions, 97 increasing their positions, 71 reducing their positions, and 34 closing their positions.
44% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 34
37% more repeat investments, than reductions
Existing positions increased: 97 | Existing positions reduced: 71
12% more call options, than puts
Call options by funds: $27.6M | Put options by funds: $24.7M
5% more funds holding
Funds holding: 242 → 255 (+13)
2% more capital invested
Capital invested by funds: $3.25B → $3.31B (+$54.1M)
0.06% less ownership
Funds ownership: 23.93% → 23.87% (-0.06%)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Acadian Asset Management
Boston,
Massachusetts
|
+$68M |
| 2 |
Norges Bank
Oslo,
Norway
|
+$31.2M |
| 3 |
Polen Capital Management
Boca Raton,
Florida
|
+$26.7M |
| 4 |
Goldman Sachs
New York
|
+$14.6M |
| 5 |
Renaissance Technologies
New York
|
+$9.59M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HSBC Holdings
London,
United Kingdom
|
-$47.1M |
| 2 |
KFA
Krane Funds Advisors
New York
|
-$28.3M |
| 3 |
Two Sigma Investments
New York
|
-$28.1M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$24.3M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$22.2M |
TME Hedge Fund Activity: Q1 2023 in Review
255 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Tencent Music (TME) for Q1 2023, worth a combined $3.31B — up 1.7% from $3.25B a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new TME positions and 34 closed out — a net gain of 15 holders — while 97 added to existing stakes and 71 trimmed.
The largest buyer was Acadian Asset Management, adding an estimated $68M. The largest seller was HSBC Holdings, cutting an estimated $47.1M.
- 255 institutional investors held Tencent Music (TME) as of Q1 2023, up from 242 in Q4 2022.
- Funds reported $3.31B of Tencent Music stock for Q1 2023, up 1.7% quarter-over-quarter.
- 49 funds opened new Tencent Music positions in Q1 2023 and 34 closed out, a net change of +15 holders.
- The largest Tencent Music buyer in Q1 2023 was Acadian Asset Management, an estimated $68M added.
- The largest Tencent Music seller in Q1 2023 was HSBC Holdings, an estimated $47.1M sold.
Based on aggregated 13F filings for Q1 2023.