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Tencent Music
TME

213 hedge funds and large institutions have $2.75B invested in Tencent Music in 2020 Q1 according to their latest regulatory filings, with 46 funds opening new positions, 71 increasing their positions, 54 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

52% more call options, than puts

Call options by funds: $68.9M | Put options by funds: $45.3M

31% more repeat investments, than reductions

Existing positions increased: 71 | Existing positions reduced: 54

31% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 35

4% more funds holding

Funds holding: 205 → 213 (+8)

13% less capital invested

Capital invested by funds: $3.15B → $2.75B (-$394M)

23.24% less ownership

Funds ownership: 43.62% → 20.38% (-23%)

25% less funds holding in top 10

Funds holding in top 10: 12 → 9 (-3)

Holders
213
Holders Change
+8
Holders Change %
+3.9%
% of All Funds
4.69%
Holding in Top 10
9
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-25%
% of All Funds
0.2%
New
46
Increased
71
Reduced
54
Closed
35
Calls
$68.9M
Puts
$45.3M
Net Calls
+$23.6M
Net Calls Change
-$21M

Top Buyers

1
VAM
Vontobel Asset Management
New York
+$167M
2
Wellington Management Group
Wellington Management Group
Massachusetts
+$163M
3
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
+$128M
4
HSBC Holdings
HSBC Holdings
United Kingdom
+$114M
5
TCM
Tybourne Capital Management
Hong Kong
+$98.6M

Top Sellers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$668M
2
DCP
D1 Capital Partners
New York
-$132M
3
HAM
Honeycomb Asset Management
New York
-$74.3M
4
JG
Jefferies Group
New York
-$55.4M
5
Goldman Sachs
Goldman Sachs
New York
-$45.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
LWCFA
201
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$5K – – –
1IA
202
1834 Investment Advisors
Wisconsin
$4K – – –
WEC
203
Winslow Evans & Crocker
Massachusetts
$4K – – –
PCIA
204
Prime Capital Investment Advisors
Kansas
$4K +$4.92K +400 New
WQ
205
Wealth Quarterback
New Jersey
$3.02K – – –
Carson Wealth (CWM LLC)
206
Carson Wealth (CWM LLC)
Nebraska
$3K – – –
GT
207
Glenmede Trust
Pennsylvania
$1K – – –
SL
208
Savior LLC
Massachusetts
$1K – – –
Toronto Dominion Bank
209
Toronto Dominion Bank
Ontario, Canada
$1K +$295 +24 +59%
HAM
210
Honeycomb Asset Management
New York
– -$74.3M -6,328,463 Closed
DVF
211
Discovery Value Fund
Singapore
– -$17.1M -1,454,355 Closed
SCM
212
Segantii Capital Management
Hong Kong
– -$7.38M -599,933 Closed
AIMH
213
AIA Investment Management (HK)
Hong Kong
– -$5.57M -477,400 Closed
BS
214
Banco Santander
Spain
– -$3.13M -267,000 Closed
TD Asset Management
215
TD Asset Management
Ontario, Canada
– -$2.63M -223,937 Closed
KM
216
Kylin Management
New York
– -$2.25M -191,800 Closed
LECM
217
Lead Edge Capital Management
New York
– -$2.03M -173,238 Closed
AIM
218
Aigen Investment Management
New York
– -$2.01M -171,524 Closed
Korea Investment Corp
219
Korea Investment Corp
South Korea
– -$1.49M -126,591 Closed
SCM
220
Stevens Capital Management
Pennsylvania
– -$1.31M -111,701 Closed
BM
221
Baymount Management
Florida
– -$1.23M -105,000 Closed
SRAM
222
Stone Ridge Asset Management
New York
– -$1.21M -102,669 Closed
QC
223
Quadrature Capital
United Kingdom
– -$1M -85,351 Closed
PP
224
Paloma Partners
Connecticut
– -$960K -81,753 Closed
OAM
225
Oxford Asset Management
United Kingdom
– -$833K -70,982 Closed
6 7 8
9
10

TME Hedge Fund Activity: Q1 2020 in Review

213 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Tencent Music (TME) for Q1 2020, worth a combined $2.75B — down 13% from $3.15B a quarter earlier.

Buyers outnumbered sellers: 46 funds opened new TME positions and 35 closed out — a net gain of 11 holders — while 71 added to existing stakes and 54 trimmed.

The largest buyer was Vontobel Asset Management, opening a new position worth an estimated $167M. The largest seller was T. Rowe Price Associates, cutting an estimated $668M.

  • 213 institutional investors held Tencent Music (TME) as of Q1 2020, up from 205 in Q4 2019.
  • Funds reported $2.75B of Tencent Music stock for Q1 2020, down 13% quarter-over-quarter.
  • 46 funds opened new Tencent Music positions in Q1 2020 and 35 closed out, a net change of +11 holders.
  • The largest Tencent Music buyer in Q1 2020 was Vontobel Asset Management, an estimated $167M added.
  • The largest Tencent Music seller in Q1 2020 was T. Rowe Price Associates, an estimated $668M sold.

Based on aggregated 13F filings for Q1 2020.