On July 22, TENCENT fell more than 5% in regular trading. The selloff was triggered by the full disclosure of public mutual fund Q2 reports on July 21, which revealed Tencent Holdings became the most reduced stock by market value among public funds, with total reduction reaching RMB 18.737 billion.
Tencent simultaneously exited the top ten heavy position stocks of public funds. Multiple prominent fund managers concentrated their selling — Zhang Kun halved his Tencent position in E Fund Blue Chip Select, while Fu Pengbo's Ruiyuan Growth Value fund saw Tencent exit its top ten holdings entirely. The broader trend shows institutional capital systematically lowering Hong Kong internet allocation, with public fund Hong Kong stock holdings declining for three consecutive quarters to the lowest level since September 2024, and public fund share in southbound capital falling below 12%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
