TME β€” TENCENT MUSIC ENTERTAINM-ADR

Ownership history in DRIEHAUS CAPITAL MANAGEMENT LLC  Β·  10 quarters on record

This page tracks every 13F SEC filing in which DRIEHAUS CAPITAL MANAGEMENT LLC reported a position in TENCENT MUSIC ENTERTAINM-ADR (TME). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
0.97% (2024 Q2)
πŸ“Š Avg. % of fund
0.48%
πŸ“… First filed
2019 Q1
πŸ“… Last filed
2025 Q3
⏱ Quarters held
10

Position Intelligence

DRIEHAUS CAPITAL MANAGEMENT LLC Γ— TME AI Analytics

πŸ“ˆ DRIEHAUS CAPITAL MANAGEMENT LLC outperformed the S&P 500 by +8.7% annually on this TME position. Timing score: 75% (6/8 decisions correct). Average cost basis: $14.05. Maximum drawdown during holding period: –64.0%.

πŸ“ˆ Position Alpha vs SPY
+8.7%
annualised excess return

πŸ”₯ Exceptional β€” beat the S&P 500 by 8.7% per year on this position.
8 quarters analyzed

⏱️ Timing Score
75%

🎯 Smart timing β€” consistently buying dips and trimming near peaks.
6 of 8 add/trim decisions correct

πŸ’° Entry Quality
$14.05
+66.1% vs current ($23.34)

Best entry: $7.22 (2023 Q2)  Β·  Worst: $19.49 (2025 Q2)

πŸ›‘οΈ Drawdown Resilience
–64.0%
max drawdown while held

πŸ’ͺ Held through 1 major drawdown (>20%). Strong conviction under pressure.

πŸ’ͺ Fund Conviction
70%
buy-side decisions

7 adds Β· 3 trims. Bought during 1 of 2 down-price quarters. πŸ‚ Consistently bullish β€” fund kept accumulating this position.

πŸ“‘ Position Trajectory
↓ Shrinking
last 4–5 quarters trend

πŸ“‰ Portfolio weight has been declining in recent quarters. Possible distribution phase.
Currently 0.5% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    TME price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 10 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q3 REDUCED 2,984,661 -460,273 -13.4% 0.50% $69.7M $23.34
2025 Q2 ADDED 3,444,934 +3,316,868 +2590.0% 0.54% $67.1M $19.49
2024 Q3 REDUCED 128,066 -7,001,276 -98.2% 0.01% $1.5M $11.90
2024 Q2 ADDED 7,129,342 +1,925,124 +37.0% 0.97% $100.2M $13.88
2024 Q1 ADDED 5,204,218 +1,222,936 +30.7% 0.58% $58.2M $10.95
2023 Q4 ADDED 3,981,282 +1,354,965 +51.6% 0.43% $35.9M $8.82
2023 Q2 ADDED 2,626,317 +1,743,106 +197.4% 0.24% $19.4M $7.22
2021 Q1 REDUCED 883,211 -1,071,501 -54.8% 0.27% $18.1M $20.05
2020 Q4 ADDED 1,954,712 +1,051,558 +116.4% 0.61% $37.6M $18.83
2019 Q1 INITIATED 903,154 β€” β€” 0.61% $16.3M β€”

🏒 Other funds also holding TME

As of 2025 Q4 β€” sorted by position size

Overlook Investments LP 100.0% Green Court Capital Management Ltd 3Y 7Y 41.81% Krane Funds Advisors LLC 3Y 7Y 11.4% FACT Capital, LP 3Y 5.75% CANTILLON CAPITAL MANAGEMENT LLC 3Y 7Y 1.77% Marathon Asset Management Ltd 3Y 1.55% Parametrica Management Ltd 3Y 7Y 1.35% KADENSA CAPITAL Ltd 3Y 7Y 1.3% E Fund Management (Hong Kong) Co., Ltd. 3Y 1.28% MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC 3Y 7Y 1.27%
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