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 ($15.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $19.47. Options: 21 managers hold calls ($125.1m notional), 15 hold puts ($60.1m).
Trends to Q2 2025
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 |
| Q3 2024 | 319 |
| Q4 2024 | 299 |
| Q1 2025 | 307 |
| Q2 2025 | 329 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 115 | 148 |
| Q4 2023 | 119 | 122 |
| Q1 2024 | 167 | 110 |
| Q2 2024 | 166 | 145 |
| Q3 2024 | 159 | 165 |
| Q4 2024 | 120 | 184 |
| Q1 2025 | 157 | 139 |
| Q2 2025 | 165 | 150 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $84.5m | $29.6m | 0.35 |
| Q4 2024 | $55.2m | $20.7m | 0.38 |
| Q1 2025 | $56.2m | $30.7m | 0.55 |
| Q2 2025 | $125.1m | $60.1m | 0.48 |
Biggest buyers
| FMR LLC | Added | +6.7m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +6.2m |
| JPMORGAN CHASE & CO | Added | +4.1m |
| Driehaus Capital Management LLC | New | +3.4m |
| KEYSTONE INVESTORS PTE LTD | Added | +3.4m |
| ROYAL BANK OF CANADA | Added | +2.7m |
| JANE STREET GROUP, LLC | Added | +2.3m |
| BlackRock, Inc. | Added | +1.9m |
| Robeco Institutional Asset Management B.V. | Added | +1.8m |
| Skandinaviska Enskilda Banken AB (publ) | Added | +1.6m |
Biggest sellers
| Invesco Ltd. | Reduced | -12.8m |
| FIL Ltd | Reduced | -12.0m |
| Artisan Partners Limited Partnership | Reduced | -11.4m |
| Krane Funds Advisors LLC | Reduced | -8.8m |
| VANGUARD GROUP INC | Reduced | -8.6m |
| Coronation Fund Managers Ltd. | Sold out | -4.5m |
| Mirae Asset Global Investments Co., Ltd. | Reduced | -4.3m |
| MORGAN STANLEY | Reduced | -4.0m |
| BAILLIE GIFFORD & CO | Reduced | -3.4m |
| NEUBERGER BERMAN GROUP LLC | Reduced | -2.8m |
Biggest calls
| UBS Group AG | Added | $41.2m2.1m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $22.7m1.2m shares |
| GROUP ONE TRADING LLC | Added | $9.6m494.0k shares |
| JANE STREET GROUP, LLC | Added | $8.7m446.9k shares |
| SIMPLEX TRADING, LLC | Added | $6.7m343.3k shares |
| IMC-Chicago, LLC | Added | $6.0m306.6k shares |
| Caption Management, LLC | New | $4.5m233.0k shares |
| Parallax Volatility Advisers, L.P. | Unchanged | $4.2m213.7k shares |
| CITADEL ADVISORS LLC | Added | $4.0m202.7k shares |
| PEAK6 LLC | Reduced | $3.8m192.8k shares |
Biggest puts
| JANE STREET GROUP, LLC | Added | $19.1m980.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $13.2m678.0k shares |
| PEAK6 LLC | New | $9.1m466.6k shares |
| CITADEL ADVISORS LLC | Reduced | $3.4m174.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.6m136.0k shares |
| IMC-Chicago, LLC | Reduced | $2.6m135.3k shares |
| GROUP ONE TRADING LLC | Reduced | $2.1m108.1k shares |
| CITIGROUP INC | Unchanged | $1.9m100.0k shares |
| GARDA CAPITAL PARTNERS LP | Added | $1.6m80.0k shares |
| Walleye Trading LLC | Added | $1.4m71.6k 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 2025
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 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| SCHRODER INVESTMENT MANAGEMENT GROUP 1.12% of their portfolio | 67.9m $1.3bn | Added +1.5m |
| BlackRock, Inc. 0.01% of their portfolio | 35.7m $695.1m | Added +1.9m |
| VANGUARD GROUP INC 0.01% of their portfolio | 21.4m $417.2m | Reduced -8.6m |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 19.5m $380.1m | Added +4.1m |
| Cantillon Capital Management LLC 2.11% of their portfolio | 18.7m $364.2m | Reduced -552.3k |
| FMR LLC 0.02% of their portfolio | 16.9m $330.2m | Added +6.7m |
| BAILLIE GIFFORD & CO 0.24% of their portfolio | 16.8m $327.7m | Reduced -3.4m |
| Krane Funds Advisors LLC 11.62% of their portfolio | 15.2m $295.6m | Reduced -8.8m |
| STATE STREET CORP 0.01% of their portfolio | 12.6m $244.7m | Added +155.7k |
| Capital World Investors 0.03% of their portfolio | 12.3m $239.8m | Reduced -1.8m |
| Mawer Investment Management Ltd. 1.00% of their portfolio | 10.1m $197.7m | Reduced -838.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.22% of their portfolio | 8.4m $163.0m | Added +310.2k |
| Invesco Ltd. 0.03% of their portfolio | 7.8m $151.2m | Reduced -12.8m |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 7.6m $147.3m | Reduced -2.0m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 7.4m $143.3m | Added +6.2m |
| Nuveen, LLC 0.03% of their portfolio | 5.9m $115.2m | Reduced -20.4k |
| NORGES BANK 0.01% of their portfolio | 5.7m $110.8m | Added +116.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 5.3m $103.0m | Added +223.8k |
| Allspring Global Investments Holdings, LLC 0.16% of their portfolio | 4.8m $92.8m | Reduced -1.4m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 4.5m $86.4m | Added +33.1k |
| Legal & General Group Plc 0.02% of their portfolio | 4.4m $85.4m | Reduced -168.8k |
| SEI INVESTMENTS CO 0.09% of their portfolio | 4.1m $80.3m | Reduced -221.2k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 3.9m $76.5m | Reduced -508.7k |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 3.7m $72.5m | Added +668.6k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 3.5m $68.9m | Reduced -98.1k |
| KEYSTONE INVESTORS PTE LTD 14.18% of their portfolio | 3.5m $68.7m | Added +3.4m |
| Driehaus Capital Management LLC 0.54% of their portfolio | 3.4m $67.1m | New |
| NORTHERN TRUST CORP 0.01% of their portfolio | 3.4m $65.6m | Reduced -254.8k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 3.3m $63.5m | Added +1.3m |
| Marathon Asset Management Ltd 1.90% of their portfolio | 3.0m $59.2m | Reduced -236.9k |
| JANE STREET GROUP, LLC 0.09% of their portfolio | 3.0m $58.2m | Added +2.3m |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 2.8m $55.2m | Reduced -517.8k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 2.8m $54.7m | Added +2.7m |
| UBS Group AG 0.01% of their portfolio | 2.8m $54.6m | Reduced -1.8m |
| E Fund Management Co., Ltd. 2.43% of their portfolio | 2.6m $51.0m | Reduced -302.0k |
| Artisan Partners Limited Partnership 0.07% of their portfolio | 2.6m $50.2m | Reduced -11.4m |
| MORGAN STANLEY 0.00% of their portfolio | 2.5m $48.8m | Reduced -4.0m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.02% of their portfolio | 2.4m $47.7m | Added +207.1k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.15% of their portfolio | 2.3m $44.5m | Reduced -33.4k |
| BAMCO INC /NY/ 0.11% of their portfolio | 2.2m $42.3m | Reduced -955.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 2.1m $40.0m | Added +149.6k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 2.0m $39.7m | Reduced -274.9k |
| Robeco Institutional Asset Management B.V. 0.06% of their portfolio | 1.9m $37.7m | Added +1.8m |
| JENNISON ASSOCIATES LLC 0.02% of their portfolio | 1.9m $37.2m | Reduced -555.3k |
| CAUSEWAY CAPITAL MANAGEMENT LLC 0.59% of their portfolio | 1.9m $37.1m | Added +1.3m |
| Skandinaviska Enskilda Banken AB (publ) 0.15% of their portfolio | 1.7m $33.6m | Added +1.6m |
| Swiss National Bank 0.02% of their portfolio | 1.7m $33.2m | Reduced -3.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 1.7m $32.9m | Reduced -77.9k |
| NORDEA INVESTMENT MANAGEMENT AB 0.03% of their portfolio | 1.7m $32.7m | Added +79.7k |
| ACADIAN ASSET MANAGEMENT LLC 0.06% of their portfolio | 1.5m $29.6m | Added +1.5m |
| MACQUARIE GROUP LTD 0.04% of their portfolio | 1.5m $28.8m | Added +53.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.5m $28.7m | Reduced -2.2m |
| Pictet Asset Management Holding SA 0.03% of their portfolio | 1.5m $28.6m | Added +639.3k |
| Perpetual Ltd 0.33% of their portfolio | 1.5m $28.3m | Reduced -31.4k |
| Fullerton Fund Management Co Ltd. 1.14% of their portfolio | 1.4m $28.1m | New |
| Working Capital Advisors (UK) Ltd. 36.99% of their portfolio | 1.4m $27.7m | New |
| C WorldWide Group Holding A/S 0.34% of their portfolio | 1.3m $25.3m | Reduced -181.5k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.13% of their portfolio | 1.2m $24.3m | Added +6.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 1.2m $24.3m | Reduced -338.2k |
| BARCLAYS PLC 0.01% of their portfolio | 1.1m $22.4m | Added +298.4k |
| MARSHALL WACE, LLP 0.03% of their portfolio | 1.1m $22.0m | Added +838.6k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio | 1.1m $21.9m | Reduced -2.4m |
| LSV ASSET MANAGEMENT 0.05% of their portfolio | 1.1m $21.0m | Reduced -41.0k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 1.0m $19.7m | Added +211.6k |
| POLEN CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 991.9k $19.3m | Reduced -986.9k |
| CANADA LIFE ASSURANCE Co 0.03% of their portfolio | 948.6k $18.5m | Added +189.2k |
| Man Group plc 0.04% of their portfolio | 927.3k $18.1m | Reduced -174.7k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.04% of their portfolio | 898.0k $17.5m | Added +448.7k |
| FACT Capital, LP 7.59% of their portfolio | 818.7k $16.0m | Added +102.2k |
| MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC 3.63% of their portfolio | 810.3k $15.8m | Added +10.4k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 783.9k $15.3m | Added +88.1k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 783.5k $15.3m | Added +82.5k |
| California Public Employees Retirement System 0.01% of their portfolio | 769.8k $15.0m | Reduced -211.5k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 744.5k $8.6m | Added +493.7k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.03% of their portfolio | 736.3k $14.3m | Unchanged |
| Asset Management One Co., Ltd. 0.04% of their portfolio | 729.9k $14.2m | Added +225.3k |
| State of New Jersey Common Pension Fund D 0.05% of their portfolio | 703.0k $13.7m | Added +336.7k |
| Marex Group Ltd 0.26% of their portfolio | 700.7k $13.7m | Reduced -28.8k |
| Blue Creek Capital Management Ltd 19.08% of their portfolio | 699.8k $13.6m | Reduced -100.0k |
| LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio | 672.0k $13.1m | Added +540.7k |
| Handelsbanken Fonder AB 0.04% of their portfolio | 645.0k $12.6m | Added +437.9k |
| Korea Investment CORP 0.03% of their portfolio | 643.5k $12.5m | Reduced -14.4k |
| JUPITER ASSET MANAGEMENT LTD 0.10% of their portfolio | 637.4k $12.4m | Added +7.9k |
| PINEBRIDGE INVESTMENTS, L.P. 0.10% of their portfolio | 632.8k $12.3m | Reduced -946.8k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 591.4k $11.5m | Reduced -1.2m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 591.2k $11.5m | Reduced -276.9k |
| Swedbank AB 0.01% of their portfolio | 570.9k $11.1m | First filing |
| Schonfeld Strategic Advisors LLC 0.08% of their portfolio | 548.1k $10.7m | New |
| AVIVA PLC 0.02% of their portfolio | 542.6k $10.6m | Added +12.5k |
| Green Court Capital Management Ltd 6.84% of their portfolio | 538.0k $10.4m | New |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 533.5k $10.4m | Added +447.5k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 522.7k $10.2m | Added +206.3k |
| GF FUND MANAGEMENT CO. LTD. 0.20% of their portfolio | 517.8k $10.1m | Reduced -102.0k |
| Sustainable Growth Advisers, LP 0.05% of their portfolio | 511.9k $10.0m | Reduced -79.6k |
| Aubrey Capital Management Ltd 3.60% of their portfolio | 508.7k $9.9m | New |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 473.7k $9.2m | Reduced -1.4m |
| AGF MANAGEMENT LTD 0.04% of their portfolio | 471.2k $9.2m | New |
| NOMURA ASSET MANAGEMENT CO LTD 0.02% of their portfolio | 419.8k $8.2m | Added +268.9k |
| PRUDENTIAL PLC 0.05% of their portfolio | 417.4k $8.1m | Added +24.7k |
| WESTPAC BANKING CORP 0.54% of their portfolio | 412.1k $8.0m | Reduced -31.4k |