Marathon Cuts $11.3 Million From Tencent Music Stake Even With Shares Up 37% in a Year
2026-02-06 13:08:17 ET
On February 6, Marathon Asset Management disclosed in a U.S. Securities and Exchange Commission (SEC) filing that it sold 559,011 shares of Tencent Music Entertainment (NYSE:TME) in the fourth quarter, an estimated $11.34 million trade based on quarterly average pricing.
According to a filing with the U.S. Securities and Exchange Commission dated February 6, Marathon Asset Management sold 559,011 shares of Tencent Music Entertainment during the fourth quarter. The estimated transaction value was $11.34 million, calculated using the average closing price for the quarter. Meanwhile, the quarter-end value of the position decreased by $26.44 million, a change that incorporates both share sales and stock price movement.
Following the sale, the position accounted for 1.55% of Marathon Asset Management Ltd’s 13F reportable AUM.
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