Tencent Music
244 hedge funds and large institutions have $2.39B invested in Tencent Music in 2023 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 95 increasing their positions, 94 reducing their positions, and 53 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
5% more call options, than puts
Call options by funds: $18.7M | Put options by funds: $17.9M
1% more repeat investments, than reductions
Existing positions increased: 95 | Existing positions reduced: 94
3.01% less ownership
Funds ownership: 24.28% → 21.27% (-3%)
12% less funds holding
Funds holding: 276 → 244 (-32)
20% less capital invested
Capital invested by funds: $3B → $2.39B (-$606M)
58% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 53
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$57.3M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$28.8M |
| 3 |
Norges Bank
Oslo,
Norway
|
+$20.4M |
| 4 |
KFA
Krane Funds Advisors
New York
|
+$18.7M |
| 5 |
CC
Carrhae Capital
London,
United Kingdom
|
+$17.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Acadian Asset Management
Boston,
Massachusetts
|
-$80.8M |
| 2 |
CCM
Causeway Capital Management
Los Angeles,
California
|
-$44.7M |
| 3 |
OAM
Origin Asset Management
London,
United Kingdom
|
-$33.9M |
| 4 |
Schroder Investment Management Group
London,
United Kingdom
|
-$33.6M |
| 5 |
Robeco Institutional Asset Management
Rotterdam,
Netherlands
|
-$24M |
TME Hedge Fund Activity: Q3 2023 in Review
244 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Tencent Music (TME) for Q3 2023, worth a combined $2.39B — down 20% from $3B a quarter earlier.
Sellers outnumbered buyers: 53 funds closed out of TME and 22 opened new positions — a net loss of 31 holders — while 94 trimmed existing stakes and 95 added.
The largest buyer was BlackRock, adding an estimated $57.3M. The largest seller was Acadian Asset Management, cutting an estimated $80.8M.
- 244 institutional investors held Tencent Music (TME) as of Q3 2023, down from 276 in Q2 2023.
- Funds reported $2.39B of Tencent Music stock for Q3 2023, down 20% quarter-over-quarter.
- 22 funds opened new Tencent Music positions in Q3 2023 and 53 closed out, a net change of -31 holders.
- The largest Tencent Music buyer in Q3 2023 was BlackRock, an estimated $57.3M added.
- The largest Tencent Music seller in Q3 2023 was Acadian Asset Management, an estimated $80.8M sold.
Based on aggregated 13F filings for Q3 2023.