Tencent Music
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VAM
Vontobel Asset Management
New York
|
+$167M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$163M |
| 3 |
Schroder Investment Management Group
London,
United Kingdom
|
+$128M |
| 4 |
HSBC Holdings
London,
United Kingdom
|
+$114M |
| 5 |
TCM
Tybourne Capital Management
Hong Kong
|
+$98.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
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
New York
|
-$45.1M |
TME Hedge Fund Activity: Q1 2020 in Review
213 of the 4,547 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.