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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
CI
201
Cigna Investments
Connecticut
$137K +$14.1K +1,817 +14%
BP
202
Ballentine Partners
Massachusetts
$136K +$29.7K +3,835 +34%
LP
203
LGL Partners
Pennsylvania
$135K – – –
QCM
204
QRG Capital Management
Illinois
$132K +$22.4K +2,898 +25%
CAM
205
Cresset Asset Management
Illinois
$128K +$15.9K +2,057 +17%
VA
206
Vident Advisory
Georgia
$127K +$109K +14,129 New
FTUS
207
Flow Traders U.S.
New York
$123K +$105K +13,620 New
CIBC Asset Management
208
CIBC Asset Management
Ontario, Canada
$118K +$1.23K +159 +1%
TSS
209
Two Sigma Securities
New York
$113K +$96.7K +12,501 New
EH
210
Equitable Holdings
New York
$103K -$3.87K -500 -4%
BC
211
Bridgefront Capital
Texas
$103K -$88.1K -11,384 -50%
EL
212
EWA LLC
Pennsylvania
$101K -$348 -45 -0.4%
PA
213
Parallel Advisors
California
$98.5K +$18K +2,328 +27%
PP
214
PDS Planning
Ohio
$97.4K +$5.12K +662 +7%
SAG
215
SageView Advisory Group
California
$90.5K +$77.4K +10,000 New
GCIA
216
Gabelli & Co Investment Advisers
New York
$90.1K – – –
PNC Financial Services Group
217
PNC Financial Services Group
Pennsylvania
$89.8K -$3.3K -426 -4%
AIG
218
American International Group
New York
$80.2K – – –
National Bank of Canada
219
National Bank of Canada
Quebec, Canada
$78.4K – – –
LC
220
Lindbrook Capital
California
$63.4K +$15.8K +2,044 +41%
SAM
221
Smartleaf Asset Management
Massachusetts
$53.9K +$47.8K +6,174 New
T
222
TOBAM
France
$36K +$30.7K +3,962 New
Carson Wealth (CWM LLC)
223
Carson Wealth (CWM LLC)
Nebraska
$27K +$2.69K +347 +13%
Axa
224
Axa
France
$23.4K -$3.27M -423,169 -99%
EA
225
Evolution Advisers
Virginia
$22K +$19.3K +2,500 New
7 8
9
10 11

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.