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Tencent Music
TME

232 hedge funds and large institutions have $5.31B invested in Tencent Music in 2020 Q2 according to their latest regulatory filings, with 54 funds opening new positions, 99 increasing their positions, 47 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

111% more repeat investments, than reductions

Existing positions increased: 99 | Existing positions reduced: 47

93% more capital invested

Capital invested by funds: $2.75B → $5.31B (+$2.56B)

72% more call options, than puts

Call options by funds: $108M | Put options by funds: $62.6M

67% more funds holding in top 10

Funds holding in top 10: 9 → 15 (+6)

59% more first-time investments, than exits

New positions opened: 54 | Existing positions closed: 34

9.01% more ownership

Funds ownership: 20.38% → 29.39% (+9%)

9% more funds holding

Funds holding: 213 → 232 (+19)

Holders
232
Holders Change
+19
Holders Change %
+8.92%
% of All Funds
4.76%
Holding in Top 10
15
Holding in Top 10 Change
+6
Holding in Top 10 Change %
+66.67%
% of All Funds
0.31%
New
54
Increased
99
Reduced
47
Closed
34
Calls
$108M
Puts
$62.6M
Net Calls
+$45.3M
Net Calls Change
+$21.7M

Top Buyers

1
BlackRock
BlackRock
New York
+$215M
2
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
+$155M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$139M
4
CS
Credit Suisse
Switzerland
+$115M
5
Renaissance Technologies
Renaissance Technologies
New York
+$113M

Top Sellers

1
DCP
D1 Capital Partners
New York
-$127M
2
TCM
Tybourne Capital Management
Hong Kong
-$80.6M
3
Assenagon Asset Management
Assenagon Asset Management
Luxembourg
-$39.9M
4
KCM
Kingstown Capital Management
New York
-$26.6M
5
IC
Iconiq Capital
California
-$24M
Name Holding Trade Value Shares
Change 		Change in
Stake
EM
201
ELCO Management
New York
$135K – – –
GF
202
Gabelli Funds
New York
$135K – – –
AL
203
AJO LP
Pennsylvania
$84K +$74.3K +6,271 New
Osaic Holdings
204
Osaic Holdings
Arizona
$74K +$15.5K +1,307 +31%
GWM
205
Geneos Wealth Management
Colorado
$64K – – –
FC
206
FORA Capital
Florida
$63K +$55.4K +4,676 New
HIIFS
207
Harel Insurance Investments & Financial Services
Israel
$54K – – –
HFM
208
Harvest Fund Management
China
$48K – – –
EWM
209
Endurance Wealth Management
Rhode Island
$20K – – –
PNC Financial Services Group
210
PNC Financial Services Group
Pennsylvania
$20K +$10.7K +906 +185%
PI
211
PineBridge Investments
New York
$14K -$13.7K -1,154 -52%
KTC
212
Kistler-Tiffany Companies
Pennsylvania
$14K – – –
SPIA
213
Steward Partners Investment Advisory
New York
$13K – – –
FHA
214
Flagship Harbor Advisors
Massachusetts
$13K +$11.8K +1,000 New
AIG
215
American International Group
New York
$11K – – –
LWCFA
216
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$7K – – –
VFA
217
Valeo Financial Advisors
Indiana
$7K +$5.92K +500 New
JG
218
Jefferies Group
New York
$5.42K +$101K +8,569 +2%
1IA
219
1834 Investment Advisors
Wisconsin
$5K – – –
FDCDDQ
220
Federation des caisses Desjardins du Quebec
Quebec, Canada
$4.71K -$15.4K -1,300 -79%
Carson Wealth (CWM LLC)
221
Carson Wealth (CWM LLC)
Nebraska
$3K – – –
WEC
222
Winslow Evans & Crocker
Massachusetts
$3K – – –
CAN
223
Cetera Advisor Networks
California
$3K +$2.37K +200 New
AssetMark Inc
224
AssetMark Inc
California
$3K +$2.67K +225 New
SL
225
Savior LLC
Massachusetts
$2K – – –
7 8
9
10 11

TME Hedge Fund Activity: Q2 2020 in Review

232 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Tencent Music (TME) for Q2 2020, worth a combined $5.31B — up 93% from $2.75B a quarter earlier.

Buyers outnumbered sellers: 54 funds opened new TME positions and 34 closed out — a net gain of 20 holders — while 99 added to existing stakes and 47 trimmed.

The largest buyer was BlackRock, adding an estimated $215M. The largest seller was D1 Capital Partners, exiting entirely with an estimated $127M sold.

  • 232 institutional investors held Tencent Music (TME) as of Q2 2020, up from 213 in Q1 2020.
  • Funds reported $5.31B of Tencent Music stock for Q2 2020, up 93% quarter-over-quarter.
  • 54 funds opened new Tencent Music positions in Q2 2020 and 34 closed out, a net change of +20 holders.
  • The largest Tencent Music buyer in Q2 2020 was BlackRock, an estimated $215M added.
  • The largest Tencent Music seller in Q2 2020 was D1 Capital Partners, an estimated $127M sold.

Based on aggregated 13F filings for Q2 2020.