Bayesian Capital Management’s Pinduoduo PDD Stock Holding History

Bayesian Capital Management’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	-7,500	Closed	-$991K	–	421
2025 Q3	$991K	Buy	+7,500	New	+$888K	0.2%	165
2025 Q1	–	Sell	-4,063	Closed	-$394K	–	883
2024 Q4	$394K	Buy	+4,063	New	+$473K	0.05%	423
2024 Q1	–	Sell	-22,414	Closed	-$3.28M	–	1032
2023 Q4	$3.28M	Sell	22,414 -586	-3%	-$71.1K	0.35%	66
2023 Q3	$2.26M	Buy	23,000 +1,100	+5%	+$94.8K	0.26%	100
2023 Q2	$1.51M	Buy	+21,900	New	+$1.5M	0.16%	176
2023 Q1	–	Sell	-27,000	Closed	-$2.2M	–	1024
2022 Q4	$2.2M	Sell	27,000 -1,600	-6%	-$111K	0.32%	53
2022 Q3	$1.79M	Buy	28,600 +25,100	+717%	+$1.46M	0.36%	58
2022 Q2	$216K	Buy	+3,500	New	+$164K	0.04%	598
2022 Q1	–	Sell	-12,085	Closed	-$705K	–	885
2021 Q4	$705K	Sell	12,085 -9,315	-44%	-$735K	0.22%	132
2021 Q3	$1.94M	Buy	+21,400	New	+$2.08M	0.56%	36
2019 Q4	–	Sell	-58,860	Closed	-$1.9M	–	712
2019 Q3	$1.9M	Buy	+58,860	New	+$1.57M	0.36%	68
2019 Q1	–	Sell	-17,100	Closed	-$384K	–	707
2018 Q4	$384K	Buy	+17,100	New	+$360K	0.08%	347

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

Bayesian Capital Management's PDD Position: Q4 2025 in Review

Bayesian Capital Management sold out of Pinduoduo (PDD) in Q4 2025, closing a stake of 7,500 shares — an estimated $991K sold.

Bayesian Capital Management first reported a position in PDD in Q4 2018 and held it in 12 quarters. The position peaked at $3.28M in Q4 2023. 573 funds tracked by Wall St. Rank hold PDD as of Q4 2025.

Bayesian Capital Management reported no remaining Pinduoduo position as of Q4 2025 after selling out during the quarter.
Bayesian Capital Management sold 7,500 Pinduoduo shares in Q4 2025, an estimated $991K.
Bayesian Capital Management first reported a position in Pinduoduo in Q4 2018 and held it in 12 quarters.
Bayesian Capital Management's Pinduoduo position peaked at $3.28M in Q4 2023.
573 funds tracked by Wall St. Rank held Pinduoduo as of Q4 2025.

Based on Bayesian Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.