Tencent Music
316 hedge funds and large institutions have $6.22B invested in Tencent Music in 2024 Q2 according to their latest regulatory filings, with 63 funds opening new positions, 108 increasing their positions, 111 reducing their positions, and 32 closing their positions.
97% more first-time investments, than exits
New positions opened: 63 | Existing positions closed: 32
74% more call options, than puts
Call options by funds: $96.6M | Put options by funds: $55.6M
24% more capital invested
Capital invested by funds: $4.99B → $6.22B (+$1.22B)
9% more funds holding
Funds holding: 290 → 316 (+26)
0.21% less ownership
Funds ownership: 25.92% → 25.72% (-0.21%)
3% less repeat investments, than reductions
Existing positions increased: 108 | Existing positions reduced: 111
17% less funds holding in top 10
Funds holding in top 10: 12 → 10 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Schroder Investment Management Group
London,
United Kingdom
|
+$214M |
| 2 |
CCM
Cantillon Capital Management
New York
|
+$177M |
| 3 |
Ninety One (UK)
London,
United Kingdom
|
+$117M |
| 4 |
Goldman Sachs
New York
|
+$63.2M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
+$59.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$181M |
| 2 |
BlackRock
New York
|
-$172M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$121M |
| 4 |
KFA
Krane Funds Advisors
New York
|
-$86.1M |
| 5 |
AMH
Aspex Management (HK)
Central,
Hong Kong
|
-$61M |
TME Hedge Fund Activity: Q2 2024 in Review
316 of the 6,935 institutional investors tracked by Wall St. Rank reported a position in Tencent Music (TME) for Q2 2024, worth a combined $6.22B — up 24% from $4.99B a quarter earlier.
Buyers outnumbered sellers: 63 funds opened new TME positions and 32 closed out — a net gain of 31 holders — while 108 added to existing stakes and 111 trimmed.
The largest buyer was Schroder Investment Management Group, adding an estimated $214M. The largest seller was Canada Pension Plan Investment Board, cutting an estimated $181M.
- 316 institutional investors held Tencent Music (TME) as of Q2 2024, up from 290 in Q1 2024.
- Funds reported $6.22B of Tencent Music stock for Q2 2024, up 24% quarter-over-quarter.
- 63 funds opened new Tencent Music positions in Q2 2024 and 32 closed out, a net change of +31 holders.
- The largest Tencent Music buyer in Q2 2024 was Schroder Investment Management Group, an estimated $214M added.
- The largest Tencent Music seller in Q2 2024 was Canada Pension Plan Investment Board, an estimated $181M sold.
Based on aggregated 13F filings for Q2 2024.