Cederberg Capital’s Pinduoduo PDD Stock Holding History

Cederberg Capital’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	$2.87M	Sell	37,600 -345,500	-90%	-$31.9M	2.86%	6
2026 Q1	$39.1M	Sell	383,100 -372,800	-49%	-$39.2M	21.01%	2
2025 Q4	$85.7M	Hold	755,900	–	–	27.83%	1
2025 Q3	$99.9M	Buy	755,900 +243,900	+48%	+$28.9M	28.53%	1
2025 Q2	$53.6M	Sell	512,000 -16,700	-3%	-$1.75M	19.68%	2
2025 Q1	$62.6M	Sell	528,700 -39,600	-7%	-$4.54M	24.17%	2
2024 Q4	$55.1M	Hold	568,300	–	–	18.71%	3
2024 Q3	$76.6M	Sell	568,300 -382,700	-40%	-$47M	19.85%	2
2024 Q2	$126M	Sell	951,000 -181,700	-16%	-$24.6M	41.56%	1
2024 Q1	$132M	Sell	1,132,700 -267,600	-19%	-$35.1M	36.51%	1
2023 Q4	$205M	Sell	1,400,300 -3,400	-0.2%	-$412K	47.15%	1
2023 Q3	$138M	Buy	1,403,700 +42,200	+3%	+$3.64M	38.56%	1
2023 Q2	$94.1M	Hold	1,361,500	–	–	41.06%	1
2023 Q1	$103M	Hold	1,361,500	–	–	35.12%	1
2022 Q4	$111M	Hold	1,361,500	–	–	36.89%	1
2022 Q3	$85.2M	Sell	1,361,500 -368,000	-21%	-$21.4M	33.17%	1
2022 Q2	$107M	Buy	1,729,500 +230,000	+15%	+$10.8M	28.32%	1
2022 Q1	$60.1M	Buy	+1,499,500	New	+$77.1M	15.05%	3

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

Cederberg Capital's PDD Position: Q2 2026 in Review

Cederberg Capital reduced its Pinduoduo (PDD) stake by 90% in Q2 2026, selling an estimated $31.9M and leaving 37,600 shares worth $2.87M. The position accounts for 2.86% of the portfolio, ranked #6.

Cederberg Capital first reported a position in PDD in Q1 2022 and has held it in 18 quarters since. The position peaked at $205M in Q4 2023. 510 funds tracked by Wall St. Rank hold PDD as of Q2 2026.

Cederberg Capital held 37,600 shares of Pinduoduo worth $2.87M as of Q2 2026.
Cederberg Capital sold 345,500 Pinduoduo shares in Q2 2026, an estimated $31.9M.
Pinduoduo made up 2.86% of Cederberg Capital's portfolio in Q2 2026, its #6 holding.
Cederberg Capital first reported a position in Pinduoduo in Q1 2022 and has held it in 18 quarters since.
Cederberg Capital's Pinduoduo position peaked at $205M in Q4 2023.
510 funds tracked by Wall St. Rank held Pinduoduo as of Q2 2026.

Based on Cederberg Capital's 13F filing for Q2 2026, filed 14 Aug 2026.