Marathon Cuts $11.3 Million From Tencent Music Stake Even With Shares Up 37% in a Year

Marathon Cuts $11.3 Million From Tencent Music Stake Even With Shares Up 37% in a Year

Key PointsMarathon Asset Management sold 559,011 shares of Tencent Music Entertainment, an estimated $11.34 million trade based on quarterly average prices in the period.Meanwhile, the quarter-end position value fell by $26.44 million, reflecting both trading activity and price appreciation.As of December 31, Marathon reported holding 2,305,413 TME shares valued at $40.41 million.10 stocks we like better than Tencent Music Entertainment Group › …