TENCENT MUSIC ENTMT GROUP TME
SPON ADS · ADR · CUSIP 88034P109 · ISIN US88034P1093
Chinese music distribution company
- SectorCommunication
- IndustryRadio Broadcasting Stations
- HeadquartersShenzhen, People's Republic of China
- Founded2016
- Websitetencentmusic.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($25.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $14.08. Options: 19 managers hold calls ($96.6m notional), 19 hold puts ($55.6m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 236 |
| Q4 2022 | 244 |
| Q1 2023 | 258 |
| Q2 2023 | 278 |
| Q3 2023 | 245 |
| Q4 2023 | 256 |
| Q1 2024 | 292 |
| Q2 2024 | 318 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 111 | 118 |
| Q1 2023 | 143 | 105 |
| Q2 2023 | 146 | 118 |
| Q3 2023 | 115 | 148 |
| Q4 2023 | 119 | 122 |
| Q1 2024 | 167 | 110 |
| Q2 2024 | 166 | 145 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $18.7m | $17.9m | 0.95 |
| Q4 2023 | $29.4m | $19.7m | 0.67 |
| Q1 2024 | $62.9m | $48.9m | 0.78 |
| Q2 2024 | $96.6m | $55.6m | 0.58 |
Biggest buyers
| SCHRODER INVESTMENT MANAGEMENT GROUP | Added | +15.9m |
| Cantillon Capital Management LLC | New | +13.2m |
| Ninety One UK Ltd | New | +8.7m |
| GOLDMAN SACHS GROUP INC | Added | +4.7m |
| ACADIAN ASSET MANAGEMENT LLC | Added | +4.4m |
| FMR LLC | Added | +3.0m |
| PRINCIPAL FINANCIAL GROUP INC | Added | +2.8m |
| Ninety One North America, Inc. | New | +2.5m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Added | +2.3m |
| NATIONAL BANK OF CANADA /FI/ | New | +2.1m |
Biggest sellers
| CANADA PENSION PLAN INVESTMENT BOARD | Reduced | -13.5m |
| BlackRock Inc. | Reduced | -12.8m |
| MARSHALL WACE, LLP | Reduced | -9.0m |
| Krane Funds Advisors LLC | Reduced | -6.4m |
| MORGAN STANLEY | Reduced | -5.9m |
| Aspex Management (HK) Ltd | Reduced | -4.5m |
| BAILLIE GIFFORD & CO | Reduced | -4.2m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -3.6m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -3.6m |
| FEDERATED HERMES, INC. | Reduced | -2.9m |
Biggest calls
| Parallax Volatility Advisers, L.P. | Added | $14.9m1.1m shares |
| Walleye Trading LLC | Added | $14.1m1.0m shares |
| JANE STREET GROUP, LLC | Reduced | $11.9m843.5k shares |
| UBS Group AG | Added | $10.1m715.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $10.0m714.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $6.1m433.5k shares |
| Walleye Capital LLC | Added | $4.8m338.5k shares |
| Squarepoint Ops LLC | Added | $4.7m332.3k shares |
| GROUP ONE TRADING LLC | Reduced | $4.2m298.1k shares |
| Calamos Advisors LLC | Added | $4.0m358.2k shares |
Biggest puts
| JANE STREET GROUP, LLC | Added | $9.7m692.6k shares |
| GOLDMAN SACHS GROUP INC | Added | $6.0m430.0k shares |
| Walleye Trading LLC | Added | $5.8m412.3k shares |
| CITADEL ADVISORS LLC | Added | $4.2m299.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $4.1m294.4k shares |
| Walleye Capital LLC | Reduced | $4.0m287.1k shares |
| Parallax Volatility Advisers, L.P. | New | $3.4m240.0k shares |
| IMC-Chicago, LLC | Reduced | $2.9m206.5k shares |
| GROUP ONE TRADING LLC | Added | $2.8m196.5k shares |
| D. E. Shaw & Co., Inc. | New | $2.5m180.0k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Tencent Holdings Ltd 13G · exempt (held before listing) filed 2026-08-14 | 55.5% |
Insider purchases and sales in Q2 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.01% of their portfolio | 31.3m $439.6m | Reduced -12.8m |
| Invesco Ltd. 0.08% of their portfolio | 26.6m $373.2m | Reduced -2.6m |
| VANGUARD GROUP INC 0.01% of their portfolio | 25.1m $353.0m | Added +67.1k |
| BAILLIE GIFFORD & CO 0.24% of their portfolio | 22.1m $310.7m | Reduced -4.2m |
| Krane Funds Advisors LLC 10.23% of their portfolio | 17.2m $242.3m | Reduced -6.4m |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.26% of their portfolio | 16.8m $236.1m | Added +15.9m |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 14.0m $196.9m | Added +4.7m |
| Aspex Management (HK) Ltd 4.04% of their portfolio | 13.5m $189.3m | Reduced -4.5m |
| Cantillon Capital Management LLC 1.24% of their portfolio | 13.2m $185.3m | New |
| STATE STREET CORP 0.01% of their portfolio | 12.7m $177.8m | Reduced -496.5k |
| Ninety One UK Ltd 0.34% of their portfolio | 8.7m $122.8m | New |
| RENAISSANCE TECHNOLOGIES LLC 0.19% of their portfolio | 7.8m $109.7m | Reduced -36.0k |
| CITIGROUP INC 0.10% of their portfolio | 7.8m $109.2m | Reduced -1.9m |
| Driehaus Capital Management LLC 0.97% of their portfolio | 7.1m $100.2m | Added +1.9m |
| NORGES BANK 0.01% of their portfolio | 6.6m $92.3m | Reduced -569.4k |
| MORGAN STANLEY 0.01% of their portfolio | 6.6m $92.2m | Reduced -5.9m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.08% of their portfolio | 6.2m $86.8m | Added +2.3m |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 6.1m $85.3m | Reduced -587.4k |
| FEDERATED HERMES, INC. 0.20% of their portfolio | 5.9m $83.1m | Reduced -2.9m |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 5.5m $77.2m | Added +1.3m |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 5.4m $76.2m | Reduced -99.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.04% of their portfolio | 5.3m $74.0m | Added +2.8m |
| Allspring Global Investments Holdings, LLC 0.12% of their portfolio | 5.2m $73.3m | Reduced -2.6m |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 4.6m $65.3m | Added +11.5k |
| AXIOM INVESTORS LLC /DE 0.57% of their portfolio | 4.6m $65.2m | Added +1.8m |
| ACADIAN ASSET MANAGEMENT LLC 0.19% of their portfolio | 4.5m $62.8m | Added +4.4m |
| Legal & General Group Plc 0.02% of their portfolio | 4.4m $62.1m | Reduced -418.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 4.2m $58.7m | Added +103.0k |
| E Fund Management Co., Ltd. 3.11% of their portfolio | 4.0m $56.3m | Reduced -118.9k |
| MARSHALL WACE, LLP 0.08% of their portfolio | 3.8m $53.7m | Reduced -9.0m |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 3.7m $51.4m | Reduced -292.8k |
| Origin Asset Management LLP 12.82% of their portfolio | 3.6m $51.3m | Added +297.2k |
| PINEBRIDGE INVESTMENTS, L.P. 0.41% of their portfolio | 3.6m $50.5m | Reduced -617.3k |
| Perseverance Asset Management International 6.53% of their portfolio | 3.5m $49.8m | Added +51.8k |
| SEI INVESTMENTS CO 0.07% of their portfolio | 3.3m $46.7m | Added +1.5m |
| NOMURA ASSET MANAGEMENT CO LTD 0.15% of their portfolio | 3.2m $44.9m | Added +737.5k |
| CAUSEWAY CAPITAL MANAGEMENT LLC 1.18% of their portfolio | 3.1m $43.2m | Added +1.4m |
| Coronation Fund Managers Ltd. 2.48% of their portfolio | 3.1m $43.0m | Reduced -78.5k |
| FMR LLC 0.00% of their portfolio | 3.0m $42.2m | Added +3.0m |
| BAMCO INC /NY/ 0.11% of their portfolio | 2.9m $40.1m | Reduced -794.8k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 2.7m $38.1m | Reduced -2.1m |
| Bank of New York Mellon Corp 0.01% of their portfolio | 2.6m $37.1m | Added +46.5k |
| USS Investment Management Ltd 0.29% of their portfolio | 2.6m $36.5m | Added +861.5k |
| Ninety One North America, Inc. 1.76% of their portfolio | 2.5m $34.8m | New |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 2.4m $33.7m | Reduced -14.5k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 2.3m $32.8m | Reduced -3.6m |
| LSV ASSET MANAGEMENT 0.07% of their portfolio | 2.3m $32.6m | Reduced -95.3k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 2.3m $31.8m | Added +1.2m |
| Robeco Institutional Asset Management B.V. 0.06% of their portfolio | 2.1m $30.0m | Added +1.1m |
| UBS Group AG 0.01% of their portfolio | 2.1m $29.2m | Reduced -801.6k |
| NATIONAL BANK OF CANADA /FI/ 0.05% of their portfolio | 2.1m $29.5m | New |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 1.9m $26.7m | Reduced -524 |
| Russell Investments Group, Ltd. 0.04% of their portfolio | 1.9m $26.5m | Added +1.2m |
| Man Group plc 0.06% of their portfolio | 1.7m $24.2m | Added +1.5m |
| Swiss National Bank 0.02% of their portfolio | 1.7m $23.7m | Reduced -3.9k |
| MACQUARIE GROUP LTD 0.03% of their portfolio | 1.6m $23.0m | Added +45.5k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 1.6m $22.2m | Added +1.1m |
| POLEN CAPITAL MANAGEMENT LLC 0.05% of their portfolio | 1.5m $21.1m | Reduced -1.2m |
| Greenwoods Asset Management Hong Kong Ltd. 0.56% of their portfolio | 1.5m $21.1m | Added +41.7k |
| C WorldWide Group Holding A/S 0.22% of their portfolio | 1.5m $20.8m | New |
| Perpetual Ltd 0.22% of their portfolio | 1.5m $20.5m | Reduced -11.9k |
| JENNISON ASSOCIATES LLC 0.01% of their portfolio | 1.5m $20.5m | New |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 1.4m $20.1m | Added +138 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 1.4m $19.5m | Reduced -287.6k |
| Caisse de depot et placement du Quebec 0.05% of their portfolio | 1.4m $19.4m | Added +123.0k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio | 1.3m $18.7m | Reduced -13.5m |
| NORDEA INVESTMENT MANAGEMENT AB 0.02% of their portfolio | 1.3m $18.4m | Added +73.4k |
| Mirae Asset Global Investments Co., Ltd. 0.09% of their portfolio | 1.3m $18.2m | Reduced -508.7k |
| AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 1.3m $17.9m | Added +290.6k |
| Allianz Asset Management GmbH 0.03% of their portfolio | 1.3m $17.9m | Reduced -330.3k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.11% of their portfolio | 1.3m $17.9m | Added +978.0k |
| WT Asset Management Ltd 1.73% of their portfolio | 1.3m $17.8m | Reduced -140.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 1.3m $17.6m | Reduced -3.6m |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.2m $17.2m | Reduced -127.9k |
| Aubrey Capital Management Ltd 6.65% of their portfolio | 1.2m $16.6m | Reduced -260.7k |
| Pictet Asset Management Holding SA 0.02% of their portfolio | 1.2m $16.7m | Reduced -2.2m |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 1.2m $16.5m | Reduced -1.5m |
| California Public Employees Retirement System 0.01% of their portfolio | 1.0m $14.6m | Reduced -31.2k |
| Polymer Capital Management (HK) LTD 2.92% of their portfolio | 1.0m $14.4m | Added +280.0k |
| THORNBURG INVESTMENT MANAGEMENT INC 0.19% of their portfolio | 974.6k $13.7m | Added +1.0k |
| LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio | 973.8k $13.7m | Reduced -177.2k |
| PRUDENTIAL FINANCIAL INC 0.02% of their portfolio | 971.7k $13.7m | Added +541 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 943.7k $13.3m | Added +312.0k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.08% of their portfolio | 873.9k $12.3m | Reduced -47.2k |
| MY.Alpha Management HK Advisors Ltd 4.45% of their portfolio | 840.8k $11.8m | Reduced -620.8k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio | 818.2k $11.5m | New |
| Bridgewater Associates, LP 0.06% of their portfolio | 815.2k $11.5m | Reduced -230.8k |
| Progeny 3, Inc. 1.10% of their portfolio | 814.0k $11.4m | New |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 762.0k $10.7m | Reduced -6.4k |
| CANADA LIFE ASSURANCE Co 0.02% of their portfolio | 751.0k $10.5m | Reduced -1.5k |
| Connor, Clark & Lunn Investment Management Ltd. 0.04% of their portfolio | 729.0k $10.2m | New |
| BARCLAYS PLC 0.00% of their portfolio | 720.7k $10.1m | Added +69.7k |
| Marex Group Ltd 0.27% of their portfolio | 718.3k $10.1m | Unchanged |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 715.9k $10.1m | Added +647.8k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.02% of their portfolio | 705.1k $9.9m | First filing |
| Pinpoint Asset Management Ltd 1.31% of their portfolio | 660.8k $9.3m | Added +22.8k |
| SELDON CAPITAL LP 4.72% of their portfolio | 615.4k $8.6m | Unchanged |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 613.8k $8.6m | Added +30.4k |
| E Fund Management (Hong Kong) Co., Ltd. 5.19% of their portfolio | 603.1k $8.5m | Added +184 |
| ExodusPoint Capital Management, LP 0.09% of their portfolio | 579.8k $8.1m | Added +163.6k |