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Tencent Music
TME

253 hedge funds and large institutions have $3.8B invested in Tencent Music in 2023 Q4 according to their latest regulatory filings, with 47 funds opening new positions, 78 increasing their positions, 89 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more funds holding in top 10

Funds holding in top 10: 4 → 10 (+6)

59% more capital invested

Capital invested by funds: $2.39B → $3.8B (+$1.41B)

49% more call options, than puts

Call options by funds: $29.4M | Put options by funds: $19.7M

38% more first-time investments, than exits

New positions opened: 47 | Existing positions closed: 34

4% more funds holding

Funds holding: 243 → 253 (+10)

3.32% more ownership

Funds ownership: 21.27% → 24.59% (+3.3%)

12% less repeat investments, than reductions

Existing positions increased: 78 | Existing positions reduced: 89

Holders
253
Holders Change
+10
Holders Change %
+4.12%
% of All Funds
3.69%
Holding in Top 10
10
Holding in Top 10 Change
+6
Holding in Top 10 Change %
+150%
% of All Funds
0.15%
New
47
Increased
78
Reduced
89
Closed
34
Calls
$29.4M
Puts
$19.7M
Net Calls
+$9.62M
Net Calls Change
+$8.76M

Top Buyers

1
Invesco
Invesco
Georgia
+$96.5M
2
Citigroup
Citigroup
New York
+$82.9M
3
Marshall Wace
Marshall Wace
United Kingdom
+$73.2M
4
AMH
Aspex Management (HK)
Hong Kong
+$70M
5
Morgan Stanley
Morgan Stanley
New York
+$51.5M

Top Sellers

1
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
-$58.3M
2
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$27M
3
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$21.1M
4
Wellington Management Group
Wellington Management Group
Massachusetts
-$19.8M
5
PL
Perpetual Ltd
Australia
-$19.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
OSAM
176
O'Shaughnessy Asset Management
Connecticut
$238K +$65.8K +8,501 +47%
YCM
177
Yousif Capital Management
Michigan
$238K – – –
SMDAM
178
Sumitomo Mitsui DS Asset Management
Japan
$235K – – –
VPIM
179
Vanguard Personalized Indexing Management
California
$233K -$3.19K -412 -2%
BBL
180
Beck Bode LLC
Massachusetts
$230K +$197K +25,506 New
DS
181
DRW Securities
Illinois
$229K +$196K +25,381 New
DPAM
182
Degroof Petercam Asset Management
Belgium
$212K +$182K +23,483 New
AFG
183
Atomi Financial Group
New York
$205K +$176K +22,708 New
EC
184
EntryPoint Capital
New York
$204K +$175K +22,587 New
Northwestern Mutual Wealth Management
185
Northwestern Mutual Wealth Management
Wisconsin
$195K -$11.5K -1,492 -6%
IAA
186
Independent Advisor Alliance
North Carolina
$193K – – –
PWPS
187
Pinnacle Wealth Planning Services
Ohio
$187K – – –
US Bancorp
188
US Bancorp
Minnesota
$185K +$32.3K +4,168 +26%
WP
189
Westmount Partners
California
$180K – – –
RJA
190
Raymond James & Associates
Florida
$179K -$42.5K -5,490 -22%
SFA
191
Sequoia Financial Advisors
Ohio
$178K +$201 +26 +0.1%
TRCT
192
Tower Research Capital (TRC)
New York
$173K -$3.3K -427 -2%
CGH
193
Crossmark Global Holdings
Texas
$170K +$146K +18,851 New
BCV
194
Banque Cantonale Vaudoise
Switzerland
$162K – – –
JWM
195
Janiczek Wealth Management
Colorado
$149K +$10.1K +1,311 +9%
Fidelity Investments
196
Fidelity Investments
Massachusetts
$144K +$80.6K +10,415 +187%
Envestnet Asset Management
197
Envestnet Asset Management
Illinois
$141K +$658 +85 +0.5%
Daiwa Securities Group
198
Daiwa Securities Group
Japan
$141K – – –
QCM
199
Quantinno Capital Management
New York
$140K +$120K +15,513 New
Pathstone Holdings
200
Pathstone Holdings
New Jersey
$138K +$119K +15,318 New
6 7
8
9 10

TME Hedge Fund Activity: Q4 2023 in Review

253 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Tencent Music (TME) for Q4 2023, worth a combined $3.8B — up 59% from $2.39B a quarter earlier.

Buyers outnumbered sellers: 47 funds opened new TME positions and 34 closed out — a net gain of 13 holders — while 78 added to existing stakes and 89 trimmed.

The largest buyer was Invesco, adding an estimated $96.5M. The largest seller was Canada Pension Plan Investment Board, cutting an estimated $58.3M.

  • 253 institutional investors held Tencent Music (TME) as of Q4 2023, up from 243 in Q3 2023.
  • Funds reported $3.8B of Tencent Music stock for Q4 2023, up 59% quarter-over-quarter.
  • 47 funds opened new Tencent Music positions in Q4 2023 and 34 closed out, a net change of +13 holders.
  • The largest Tencent Music buyer in Q4 2023 was Invesco, an estimated $96.5M added.
  • The largest Tencent Music seller in Q4 2023 was Canada Pension Plan Investment Board, an estimated $58.3M sold.

Based on aggregated 13F filings for Q4 2023.