Cantillon Capital Management, the investment firm led by William Von Mueffling, liquidated its entire position in Tencent Music Entertainment during the second quarter of 2026. The firm sold all 13.38 million of its shares, which were valued at approximately $124.19 million at the end of the prior quarter.
This trade was disclosed in a quarterly 13F filing, which details portfolio changes from the period that ended on June 30. As these filings are delayed, they may not reflect the firm's current holdings. The exit occurred as Tencent Music faces a shifting landscape with increased competition in China's music streaming market. Prior to the sale, the stake in Tencent Music accounted for 0.83% of Cantillon Capital's reported portfolio.