undamentalytics Newsletter

Tencent Music Entertainment Group: which funds bought and sold

Institutions that bought and sold Tencent Music Entertainment Group shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 161 institutions that filed 13F reports for both quarters added to or opened positions in Tencent Music Entertainment Group, and 156 cut or closed them. Together they added a net 423K shares, +0.1% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 24.2M shares (−15.1%); index fund managers were net buyers of 3.8M shares (+5.5%). 43 opened a new position and 55 sold out entirely.

Bought, Q2 2026 161 institutions, 43 of them new holders Sold, Q2 2026 156 institutions, 55 of them sold out
Net change, all compared +423K shares (+0.1%)
Net change, active managers −24.2M shares (−15.1%), 15 bought, 33 sold

Buyers versus sellers

institutions compared, 358
Active managers and hedge funds 15 bought · 33 sold · −24.2M
Index fund managers 5 bought · 4 sold · +3.8M
Other institutions 141 bought · 119 sold · +20.8M

Biggest buyers

by change in shares held
Biggest buyers
Institution Change in shares Shares June 30, 2026 Value
Arga Investment Management, LP Active manager +18.2M New position 18.2M $152M
Invesco Ltd. +6.9M +30.7% 29.3M $244M
Krane Funds Advisors LLC +4.7M +26.1% 22.5M $188M
Cape Ann Asset Management Ltd +4.4M New position 4.4M $37M
D. E. Shaw & Co., Inc. Hedge fund +3.8M +57.1% 10.3M $86.2M
Storebrand Asset Management As +3.6M +665.3% 4.2M $35M
Ranmore Fund Management Ltd +3.3M New position 3.3M $27.2M
UBS Am, A Distinct Business Unit Of UBS Asset Management Americas LLC +3.1M +291880.2% 3.1M $26M
Morgan Stanley +3.1M +37.7% 11.2M $93.3M
National Bank Of Canada +3.1M +19323.5% 3.1M $25.6M
Marshall Wace, LLP Hedge fund +2.6M +74.8% 6.0M $50.4M
Geode Capital Management, LLC Index funds +2.4M +68.7% 6.0M $49.8M
Alpine Investment Management Ltd +2.4M New position 2.4M $20.2M
Southeastern Asset Management Inc Active manager +2.3M New position 2.3M $19.2M
Voloridge Investment Management, LLC Hedge fund +1.7M +29.4% 7.3M $61.2M
Nomura Asset Management International Inc. +1.6M +94.0% 3.3M $27.8M
Balyasny Asset Management L.P. Hedge fund +1.6M +3580.8% 1.6M $13.7M
BNP Paribas Financial Markets +1.4M +32.5% 5.6M $46.5M
New York State Common Retirement Fund +1.3M +175.7% 2.1M $17.4M
Sei Investments Co +1.2M +30.9% 5.2M $43.5M

Biggest sellers

by change in shares held
Biggest sellers
Institution Change in shares Shares June 30, 2026 Value
Schroder Investment Management Group Active manager −31.2M −40.6% 45.6M $381M
Cantillon Capital Management LLC −13.4M Sold out 0 —
FMR LLC Active manager −12.0M −99.8% 28K $234,111
Jpmorgan Chase & Co −5.7M −31.6% 12.5M $105M
Citadel Advisors LLC Hedge fund −2.9M −73.1% 1.1M $9.1M
Qube Research & Technologies Ltd Hedge fund −2.3M Sold out 0 —
Robeco Institutional Asset Management B.V. −1.8M −57.2% 1.4M $11.3M
Green Court Capital Management Ltd −1.8M Sold out 0 —
HRT Financial LP −1.7M −94.3% 105K $873,000
Two Sigma Investments, LP Hedge fund −1.7M −92.6% 136K $1.1M
Baillie Gifford & Co Active manager −1.1M −11.3% 8.6M $72.1M
Mawer Investment Management Ltd. Active manager −1.0M −14.0% 6.2M $51.8M
Massachusetts Financial Services Co Active manager −793K −12.9% 5.4M $44.9M
Kadensa Capital Ltd −719K Sold out 0 —
Man Group PLC Hedge fund −710K −64.0% 399K $3.3M
Causeway Capital Management LLC Active manager −613K Sold out 0 —
Y-Intercept (Hong Kong) Ltd −536K −70.2% 227K $1.9M
Sustainable Growth Advisers, LP Active manager −504K Sold out 0 —
Deutsche Bank Ag\ −488K −20.6% 1.9M $15.7M
Legal & General Group PLC −452K −12.4% 3.2M $26.7M

New positions

largest by value

Sold out

largest by value
InstitutionSharesValue March 31, 2026
Cantillon Capital Management LLC 13.4M $124M
Qube Research & Technologies LtdHedge fund 2.3M $21.5M
Green Court Capital Management Ltd 1.8M $16.2M
Kadensa Capital Ltd 719K $6.7M
Causeway Capital Management LLCActive manager 613K $5.7M
Sustainable Growth Advisers, LPActive manager 504K $4.7M
Connor, Clark & Lunn Investment Management Ltd. 371K $3.4M
Xy Capital Ltd 339K $3.1M
Fil LtdActive manager 213K $2M
Quadrature Capital LtdHedge fund 193K $1.8M

Who holds the shares

13F holdings at June 30, 2026
Institutions reporting
308
Ten largest holders
50.3%
of 13F-reported shares
Index fund managers
16.6%
of 13F-reported shares
Active managers and hedge funds
31.6%
of 13F-reported shares
Buying and selling by type of institution, March 31, 2026 to June 30, 2026
TypeBoughtSoldNewSold outNet change in sharesNet %
Active managers and hedge funds 15 33 6 13 −24.2M −15.1%
Index fund managers 5 4 0 0 +3.8M +5.5%
Other institutions 141 119 37 42 +20.8M +10.6%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

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