Caption Management’s Pinduoduo PDD Stock Holding History

Caption 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 Q1	–	Sell	-110,000	Closed	-$10.7M	–	1913
2024 Q4	$10.7M	Buy	+110,000	New	+$12.8M	0.1%	178
2024 Q2	–	Sell	-100,000	Closed	-$11.6M	–	1423
2024 Q1	$11.6M	Sell	100,000 -31,500	-24%	-$4.13M	0.18%	132
2023 Q4	$19.2M	Buy	131,500 +100,000	+317%	+$12.1M	0.26%	90
2023 Q3	$3.09M	Buy	+31,500	New	+$2.71M	0.05%	470
2021 Q2	–	Sell	-100,000	Closed	-$13.4M	–	1505
2021 Q1	$13.4M	Buy	+100,000	New	+$16.9M	0.29%	69
2020 Q3	–	Sell	-75,000	Closed	-$6.44M	–	1196
2020 Q2	$6.44M	Sell	75,000 -25,000	-25%	-$1.5M	0.21%	126
2020 Q1	$3.6M	Hold	100,000	–	–	0.2%	143
2019 Q4	$3.78M	Buy	+100,000	New	+$3.73M	0.13%	221

Other funds holding PDD

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

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

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

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

HHII

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

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

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

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

NetEase Inc Hangzhou, China $934M AUM 11.31% 1-Year Est. Return

SUT

SC US (TTGP) Menlo Park, California $9.25B AUM 20.49% 1-Year Est. Return

Caption Management's PDD Position: Q1 2026 in Review

Caption Management opened a new position in Pinduoduo (PDD) in Q1 2026: 7,500 shares worth $766K. The stake represents ﹤0.01% of the portfolio and ranks #1099 among its holdings. This is a return to the name: Caption Management previously reported a position in PDD as recently as Q3 2025.

Caption Management first reported a position in PDD in Q3 2020 and has held it in 14 quarters since. The position peaked at $12.6M in Q3 2021. 564 funds tracked by Wall St. Rank hold PDD as of Q1 2026.

Caption Management held 7,500 shares of Pinduoduo worth $766K as of Q1 2026.
Pinduoduo was a new Caption Management position in Q1 2026.
Pinduoduo made up ﹤0.01% of Caption Management's portfolio in Q1 2026, its #1099 holding.
Caption Management first reported a position in Pinduoduo in Q3 2020 and has held it in 14 quarters since.
Caption Management's Pinduoduo position peaked at $12.6M in Q3 2021.
564 funds tracked by Wall St. Rank held Pinduoduo as of Q1 2026.

Based on Caption Management's 13F filing for Q1 2026, filed 15 May 2026.