Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Tencent Music Entmt Group (TME)

307 + Investors. Track Smart Money conviction in TME. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -24
Streak
2Q ▼
Buyers last Q
45%

Smart Money Signals — TME

Based on 319 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their TME positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 89% of 3.0Y peak

89% of all-time peak
319 funds currently hold this stock — 89% of the 3.0-year high of 359 funds (reached 2025 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +6% more funds vs a year ago

fund count last 6Q
+17 new funds entered over the past year (+6% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 45% buying

163 buying203 selling
Last quarter: 203 funds reduced or exited vs 163 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-9 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 59 → 73 → 57 → 48. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

65% of holders stayed for 2+ years

■ 65% conviction (2yr+) ■ 20% medium ■ 15% new
206 out of 319 hedge funds have held TME for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares -12%, value -53%

Value
-53%
Shares
-11%
Last quarter: funds added -12% more shares while total portfolio value only changed -53%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

53 → 59 → 73 → 57 → 48 new funds/Q
New funds entering each quarter: 59 → 73 → 57 → 48. TME is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 70% veterans vs 17% newcomers

■ 70% veterans ■ 13% 1-2yr ■ 17% new
Entry-cohort mix of 334 holders: 234 (70%) are 2+ year veterans, 44 entered 1–2 years ago, and 56 (17%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 61% AUM from top-100 funds

61% from top-100 AUM funds
58 of 317 holders are among the 100 largest funds by AUM, controlling 61% of total institutional value in TME. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.1
out of 10
Low Exit Risk
Exit risk score 3.1/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — TME

In 2026 Q1, 163 hedge funds were net buyers of TME (48 opened a new position, 115 added to an existing one), while 203 reduced or exited (131 trimmed, 72 sold completely) — a 45% buyer ratio, indicating roughly balanced activity. Net selling has persisted for two consecutive quarters. 61% of total institutional value in TME is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -24 funds (more exits than new entries). Total institutional holders: 319.

Hedge Fund Ownership: TME

How many hedge funds hold TME — quarterly history vs. share price
Quarterly hedge fund ownership of TME vs. share price

Market Analysis: TME

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TME

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Tencent Music Entmt Group (TME) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much TME has moved relative to its sector benchmark (XLC) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 50d ago
TME
+6.8%
XLC
+4.2%

TME outperformed XLC by +2.6% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 5d ago
TME
+0.8%
XLC
-1.1%

Since the filing became public, TME outperformed XLC by +1.9% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

13 top-rated funds 3 high-conviction
Consensus
5.0
/ 10
breadth
×
Elite
3.6
/ 10
conviction
Hedge Fund Positioning: TME
307 + Investors

Track Smart Money conviction in TME. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 307 319 -3.76%
13F Shares 436M 399M 9.26%
Total Value $3.64B $3.71B -2.06%
New Positions 53 48 +5
Increased Positions 118 111 +7
Closed Positions 62 72 -10
Reduced Positions 101 126 -25
Total Calls 10 8 25.0%
Total Puts 8 9 -11.11%
PUT/CALL Ratio 0.8 1.12 Neutral

Statistics: TME

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Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q2)

307 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in TME. Verified SEC 13F-HR filings.

QUARTER:
Top 25 TME holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Overlook Investments LP 80.41% 19,007,171 $176.4M
2 Cape Ann Asset Management Ltd 8.51% 4,426,136 $37.0M
3 Krane Funds Advisors LLC 6.67% 22,543,908 $188.2M
4 Alpine Investment Management Ltd 4.91% 2,418,198 $20.2M
5 ARGA Investment Management, LP 3.87% 18,186,510 $151.9M
6 Ranmore Fund Management Ltd 3.01% 3,260,259 $27.2M
7 Himalaya Capital Management LLC 1.49% 6,590,836 $55.0M
8 Southeastern Asset Management Inc/Tn/ 1.00% 2,305,210 $19.2M
9 RWWM, Inc. 0.66% 1,054,403 $8.9M
10 E Fund Management Co., Ltd. 0.65% 3,478,951 $29.0M
11 Pale Fire Capital SE 0.65% 1,094,729 $9.1M
12 E Fund Management (Hong Kong) Co., Ltd. 0.63% 226,808 $1.9M
13 Quinn Opportunity Partners LLC 0.47% 1,202,681 $10.0M
14 Mawer Investment Management Ltd. 0.35% 6,202,845 $51.8M
15 Carmignac Gestion 0.31% 2,903,426 $24.3M
16 Schroder Investment Management Group 0.27% 45,630,307 $381.0M
17 Voloridge Investment Management, LLC 0.26% 7,328,394 $61.2M
18 Beverly Hills Private Wealth, LLC 0.26% 163,306 $1.4M
19 Oasis Management Co Ltd. 0.22% 500,000 $4.2M
20 Argonautica Private Wealth Management, Inc 0.18% 86,173 $720K
21 Westpac Banking Corp 0.17% 324,963 $2.7M
22 Dv Equities, LLC 0.16% 133,205 $1.1M
23 Ping Capital Management, INC. 0.16% 75,000 $626K
24 Aigen Investment Management, LP 0.14% 61,892 $517K
25 Perpetual Ltd 0.13% 1,108,215 $9.3M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Tencent Music Entmt Group (TME)

What does the Smart Money Trend signal show for TME?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their TME positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for TME?

More sellers than buyers — 45% buying: Last quarter: 203 funds reduced or exited vs 163 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for TME holders?

Elite ownership — 61% AUM from top-100 funds: 58 of 317 holders are among the 100 largest funds by AUM, controlling 61% of total institutional value in TME. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held TME?

65% of holders stayed for 2+ years: 206 out of 319 hedge funds have held TME for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Tencent Music Entmt Group (TME) following the 2026 Q2 hedge fund 13F filings?

As of today, TME has moved +0.8% since the 2026 Q2 13F filing date (August 14, 2026), compared to -1.1% for the XLC sector ETF — an outperformance of +1.9%. Since the quarter end (June 30, 2026), TME has gained +6.8% vs +4.2% for XLC. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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