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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
Canada Pension Plan Investment Board
1
Canada Pension Plan Investment Board
Ontario, Canada
$272M -$329K -26,736 -0.1%
Baillie Gifford & Co
2
Baillie Gifford & Co
United Kingdom
$204M +$50.5M +4,102,896 +25%
Wellington Management Group
3
Wellington Management Group
Massachusetts
$138M +$163M +13,261,009 +2,868%
VAM
4
Vontobel Asset Management
New York
$135M +$167M +13,567,227 New
DCP
5
D1 Capital Partners
New York
$127M -$132M -10,720,200 -46%
Morgan Stanley
6
Morgan Stanley
New York
$121M -$33.5M -2,721,686 -18%
HSBC Holdings
7
HSBC Holdings
United Kingdom
$118M +$114M +9,223,680 +369%
T. Rowe Price Associates
8
T. Rowe Price Associates
Maryland
$114M -$668M -54,293,592 -83%
Schroder Investment Management Group
9
Schroder Investment Management Group
United Kingdom
$110M +$128M +10,427,099 New
TCM
10
Tybourne Capital Management
Hong Kong
$80.6M +$98.6M +8,008,343 New
CS
11
Credit Suisse
Switzerland
$78.3M +$16.7M +1,357,231 +21%
William Blair Investment Management
12
William Blair Investment Management
Illinois
$77M +$11.3M +915,984 +14%
TPC
13
Tiger Pacific Capital
New York
$71.7M +$87.7M +7,128,289 New
MICM
14
Matthews International Capital Management
California
$54.7M -$169K -13,700 -0.3%
Goldman Sachs
15
Goldman Sachs
New York
$54.1M -$45.1M -3,665,410 -41%
Invesco
16
Invesco
Georgia
$51.9M +$55.3M +4,494,358 +673%
KFA
17
Krane Funds Advisors
New York
$46.6M +$14.1M +1,145,837 +33%
Bank of New York Mellon
18
Bank of New York Mellon
New York
$45.1M +$35.1M +2,855,388 +175%
BlackRock
19
BlackRock
New York
$45M -$505K -41,052 -0.9%
IC
20
Iconiq Capital
California
$43.3M +$157K +12,738 +0.3%
Vanguard Group
21
Vanguard Group
Pennsylvania
$41.5M +$2.01M +163,064 +4%
KCM
22
Kingstown Capital Management
New York
$40.2M +$4.62M +375,000 +10%
Assenagon Asset Management
23
Assenagon Asset Management
Luxembourg
$39.9M +$48.8M +3,961,291 New
CFM
24
Coronation Fund Managers
South Africa
$33.7M -$18.9M -1,533,694 -31%
Two Sigma Investments
25
Two Sigma Investments
New York
$31.4M +$14.8M +1,203,167 +63%
1
2 3 4 5

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.