Hedge Funds Are Dumping Tencent Music Entertainment Group

Monetary regulations require hedge funds and wealthy traders who exceed the $100 million holding limit to file reports displaying their positions at the end of each quarter. While this is not the intention, these filings are subject to a certain degree of unusual traders to the degree of participation.

The latest round of 13F filings disclosed the fund’s status as of June 30. At Insider Monkey we’ve built an in-depth database of over 873 of these established hedge funds and well-known traders worth filing. In this article, we analyze how these specific funds and outstanding traders traded in Tencent Music Leisure Group (NYSE:TME) ​​based mostly on these filings.

Tencent Music Leisure Group (NYSE:TME) ​​traders should take note of the recent decrease in hedge fund sentiment. Tencent Music Leisure Group (NYSE:TME) ​​was in a portfolio of 35 hedge funds at the end of the second quarter of 2021. The all-time high for this figure is 63.

There are 63 hedge funds in our database that have TME status. Completion of the primary quarter. Our calculations additionally confirmed that TME is not among the 30 most popular stocks among hedge funds (click for Q2 ranking).

Within the monetary world there are many instruments that traders have at their disposal to grade shares. Probably a couple of the most under-the-radar tools are hedge funds and insider buy and sell indicators. We have now proven that traditionally, the best fund managers who see the highest picks can outperform the broader indices at a steady volume.

Insider Monkey’s month-to-month inventory picks from March 2017 delivered an 185.4% return and outperformed the S&P 500 ETF by more than 79 ratio factors (see details here). This is why we believe that hedge fund sentiment is a helpful indicator that traders should pay attention to.

At Insider Monkey, we scour multiple sources to uncover the next good funding concept. For example, we like undervalued, EBITDA-positive progress stocks, so we’re testing inventory pitches like this emerging biotech stock. We go through lists like the ten best EV stocks to select the latter Tesla that can send 10x returns. While only a small portion of the businesses we analyze suggest positions, we try to stock as many stocks as we can.

We learn hedge fund investor letters and listen to inventory pitches at hedge fund conferences. You will be able to subscribe to our free daily e-newsletter on our homepage. With all of this in mind, we’ll analyze contemporary hedge fund motion from Tencent Music Leisure Group (NYSE:TME).

Do hedge funds believe TME is a good list to buy now

Moving into the third quarter of 2021, a total of 35 hedge funds tracked by Insider Monkey made long positions on this list, a change of -44% from the first quarter of 2020. Then, the total has become 30. Hedge fund with TME bullish 12 months ago. With good cash position their usual ups and downs, there exists a “high tier” of notable hedge fund managers who are significantly increasing their holdings (or have already held huge positions).

Taking on institutional traders adopted by Insider Monkey, Gil Simon’s Soma Equity Partners holds the primary position in Tencent Music Leisure Group (NYSE:TME), which is valued at close to $193.5 million, comprising 4.1% of its entire 13F portfolio. Is. The second most bullish fund supervisor is Renaissance Applied Sciences, with a position of $81.8 million; 0.1% of its 13F portfolio is allocated to corporate.

Other skilled cash managers who are bullish include Paul Marshall and Ian Weiss’s Marshall Weiss LLP, Sanjay Venkat’s Genec Management and Ken Griffin’s Citadel Funding Group. When it comes to portfolio weighting everywhere, Dalton Investments allocated the most significant weighting to Tencent Music Leisure Group (NYSE:TME), about 8.75% of its 13F portfolio. The Genek administration is also comparatively very optimistic on the stock, setting TME at 6.28% of its 13F fairness portfolio.

Given the fact that Tencent Music Leisure Group (NYSE:TME) ​​has good cash-efficient bearish sentiment, it’s easy to see that some hedgers have slashed their full bets by the top of the second quarter. It is notable that Martin Taylor’s Creak Asset Management left the largest stake in the “high crust” of the fund monitored by Insider Monkey, valued at an estimated $98 million in inventory, and George Yang’s Anatol Funding Administration in this transfer. was justified behind, as the fund dropped its value by about $80.8 million.

These transactions are attention-grabbing, as the combination hedge fund’s curiosity declined by 28 funds by the top of the second quarter.