Capula Management’s Pinduoduo PDD Stock Holding History

Capula 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
2026 Q2	$147M	Buy	1,923,200 +1,771,200	+1,165%	+$164M	0.52%	19
2026 Q1	$15.5M	Sell	152,000 -25,800	-15%	-$2.71M	0.11%	56
2025 Q4	$20.2M	Buy	177,800 +135,000	+315%	+$16.8M	0.1%	83
2025 Q3	$5.66M	Buy	+42,800	New	+$5.07M	0.03%	143
2025 Q2	–	Sell	-40,500	Closed	-$4.79M	–	806
2025 Q1	$4.79M	Buy	40,500 +20,500	+103%	+$2.35M	0.03%	144
2024 Q4	$1.94M	Buy	20,000 +18,800	+1,567%	+$2.19M	0.01%	114
2024 Q3	$162K	Buy	+1,200	New	+$147K	﹤0.01%	409
2024 Q1	–	Sell	-24,600	Closed	-$3.6M	–	572
2023 Q4	$3.6M	Sell	24,600 -45,100	-65%	-$5.47M	0.14%	38
2023 Q3	$6.84M	Buy	69,700 +6,900	+11%	+$594K	0.14%	79
2023 Q2	$4.34M	Buy	62,800 +22,800	+57%	+$1.57M	0.11%	104
2023 Q1	$3.04M	Hold	40,000	–	–	0.04%	285
2022 Q4	$3.26M	Buy	+40,000	New	+$2.78M	0.04%	303
2021 Q4	–	Sell	-17,300	Closed	-$1.57M	–	626
2021 Q3	$1.57M	Hold	17,300	–	–	0.02%	445
2021 Q2	$2.2M	Buy	+17,300	New	+$2.25M	0.04%	285

Other funds holding PDD

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Baillie Gifford & Co Edinburgh, United Kingdom $110B AUM 4.8% 1-Year Est. Return

HHII

H&H International Investment Palo Alto, California $19.1B AUM 27.41% 1-Year Est. Return

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

Invesco Atlanta, Georgia $1.26T AUM 61.52% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

HSG Holding Na, Hong Kong $1.2B AUM 23.01% 1-Year Est. Return

HCM

Himalaya Capital Management Seattle, Washington $3.7B AUM 39.18% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

NetEase Inc Hangzhou, China $765M AUM 24.08% 1-Year Est. Return

Capula Management's PDD Position: Q2 2026 in Review

Capula Management increased its Pinduoduo (PDD) stake by 10,790% in Q2 2026, buying an estimated $175M and bringing the position to 1,914,949 shares worth $146M. The position accounts for 0.52% of the portfolio, ranked #20.

Capula Management first reported a position in PDD in Q2 2021 and has held it in 13 quarters since. 509 funds tracked by Wall St. Rank hold PDD as of Q2 2026.

Capula Management held 1,914,949 shares of Pinduoduo worth $146M as of Q2 2026.
Capula Management bought 1,897,365 Pinduoduo shares in Q2 2026, an estimated $175M.
Pinduoduo made up 0.52% of Capula Management's portfolio in Q2 2026, its #20 holding.
Capula Management first reported a position in Pinduoduo in Q2 2021 and has held it in 13 quarters since.
509 funds tracked by Wall St. Rank held Pinduoduo as of Q2 2026.

Based on Capula Management's 13F filing for Q2 2026, filed 14 Aug 2026.