$TME 20261120 7.0 PUT$ Tencent Music (TME) — Is It a Buy Now? Conclusion: the stock is priced as a deep-value / low-growth asset, not a growth story. At USD 7.96 the market is paying roughly 9.4x trailing earnings and about 1.1x book for a business that is still growing revenue but whose profit growth has stalled — and the price is sitting essentially at the bottom of its 52-week range. The valuation gives a genuine margin of safety, but the same data show why the market is unwilling to pay more: growth is decelerating sharply and sentiment is poor. Whether that is "good" depends on whether you are buying for cash-flow/valuation or for growth.

ARKK Investment Tracker position change: Decreased position in Kratos Defense & Security Solutions by 18,648 shares, the number of shares held decreased 1.08% compared to the previous period and now represents 0.96% of the total position.

ARKK Investment Tracker position change: Decreased position in Taiwan Semiconductor Manufacturing by 2,079 shares, the number of shares held decreased 1.08% compared to the previous period and now represents 1.06% of the total position.

ARKK Investment Tracker position change: Decreased position in Pacific Biosciences of California by 172,116 shares, the number of shares held decreased 1.08% compared to the previous period and now represents 0.32% of the total position.

ARKQ Investment Tracker position change: Decreased position in Kratos Defense & Security Solutions by 7,162 shares, the number of shares held decreased 0.32% compared to the previous period and now represents 5.57% of the total position.

ARKK Investment Tracker position change: Decreased position in Recursion Pharmaceuticals, Inc. by 272,139 shares, the number of shares held decreased 1.08% compared to the previous period and now represents 1.15% of the total position.

ARKQ Investment Tracker position change: Decreased position in Taiwan Semiconductor Manufacturing by 514 shares, the number of shares held decreased 0.32% compared to the previous period and now represents 3.95% of the total position.

ARKW Investment Tracker position change: Increased position in Taiwan Semiconductor Manufacturing by 397 shares, the number of shares held increased 0.42% compared to the previous period and now represents 2.44% of the total position.

ARKK Investment Tracker position change: Decreased position in Palantir Technologies Inc. by 13,440 shares, the number of shares held decreased 1.08% compared to the previous period and now represents 2.89% of the total position.

ARKQ Investment Tracker position change: Decreased position in Palantir Technologies Inc. by 1,585 shares, the number of shares held decreased 0.32% compared to the previous period and now represents 5.12% of the total position.

ARKW Investment Tracker position change: Increased position in Palantir Technologies Inc. by 1,167 shares, the number of shares held increased 0.42% compared to the previous period and now represents 3.02% of the total position.

ARKQ Investment Tracker position change: Decreased position in L3Harris Technologies, Inc. by 691 shares, the number of shares held decreased 0.32% compared to the previous period and now represents 2.8% of the total position.

ARKK Investment Tracker position change: Decreased position in Beam Therapeutics, Inc. by 86,919 shares, the number of shares held decreased 1.08% compared to the previous period and now represents 2.39% of the total position.

ARKW Investment Tracker position change: Increased position in CrowdStrike Holdings, Inc. by 686 shares, the number of shares held increased 0.42% compared to the previous period and now represents 2.36% of the total position.

ARKK Investment Tracker position change: Decreased position in SoFi Technologies Inc. by 29,967 shares, the number of shares held decreased 1.08% compared to the previous period and now represents 0.56% of the total position.

ARKK Investment Tracker position change: Decreased position in CRISPR Therapeutics AG by 75,369 shares, the number of shares held decreased 1.08% compared to the previous period and now represents 4.63% of the total position.

ARKK Investment Tracker position change: Decreased position in Coinbase Global, Inc. by 22,113 shares, the number of shares held decreased 1.08% compared to the previous period and now represents 4.89% of the total position.

ARKK Investment Tracker position change: Decreased position in Twist Bioscience Corp by 21,756 shares, the number of shares held decreased 1.08% compared to the previous period and now represents 4.51% of the total position.

ARKK Investment Tracker position change: Decreased position in Circle Internet Corp. by 52,080 shares, the number of shares held decreased 1.08% compared to the previous period and now represents 5.25% of the total position.