3G Capital Partners’s Pinduoduo PDD Stock Holding History

3G Capital Partners’s Portfolio PDD Stock Details PDD Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-100,000	Closed	-$13.2M	–	16
2025 Q3	$13.2M	Sell	100,000 -325,000	-76%	-$38.5M	3.13%	13
2025 Q2	$44.5M	Buy	425,000 +125,000	+42%	+$13.1M	10.92%	4
2025 Q1	$35.5M	Sell	300,000 -125,000	-29%	-$14.3M	10.2%	3
2024 Q4	$41.2M	Buy	425,000 +50,000	+13%	+$5.82M	11.82%	2
2024 Q3	$50.6M	Buy	375,000 +120,000	+47%	+$14.7M	17.05%	1
2024 Q2	$33.9M	Sell	255,000 -40,000	-14%	-$5.42M	13.04%	2
2024 Q1	$34.3M	Buy	295,000 +190,000	+181%	+$24.9M	14.41%	2
2023 Q4	$15.4M	Sell	105,000 -100,000	-49%	-$12.1M	9.37%	6
2023 Q3	$20.1M	Buy	205,000 +155,000	+310%	+$13.4M	11.18%	3
2023 Q2	$3.46M	Buy	+50,000	New	+$3.43M	3.49%	11
2020 Q3	–	Sell	-10,000	Closed	-$858K	–	14
2020 Q2	$858K	Buy	+10,000	New	+$602K	1.82%	9

Other funds holding PDD

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Baillie Gifford & Co Edinburgh, United Kingdom $97.9B AUM 20.73% 1-Year Est. Return

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

HHII

H&H International Investment Palo Alto, California $20B AUM 9.66% 1-Year Est. Return

HHLR Advisors Grand Cayman, Cayman Islands $1.67B AUM 7.53% 1-Year Est. Return

HSG Holding Na, Hong Kong $1.62B AUM 5.91% 1-Year Est. Return

Norges Bank Oslo, Norway $935B AUM

3G Capital Partners's PDD Position: Q4 2025 in Review

3G Capital Partners sold out of Pinduoduo (PDD) in Q4 2025, closing a stake of 100,000 shares — an estimated $13.2M sold.

3G Capital Partners first reported a position in PDD in Q2 2020 and held it in 11 quarters. The position peaked at $50.6M in Q3 2024. 574 funds tracked by Wall St. Rank hold PDD as of Q4 2025.

3G Capital Partners reported no remaining Pinduoduo position as of Q4 2025 after selling out during the quarter.
3G Capital Partners sold 100,000 Pinduoduo shares in Q4 2025, an estimated $13.2M.
3G Capital Partners first reported a position in Pinduoduo in Q2 2020 and held it in 11 quarters.
3G Capital Partners's Pinduoduo position peaked at $50.6M in Q3 2024.
574 funds tracked by Wall St. Rank held Pinduoduo as of Q4 2025.

Based on 3G Capital Partners's 13F filing for Q4 2025, filed 17 Feb 2026.