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Cliff Asness’s Pinduoduo PDD Stock Holding History

Cliff Asness’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 		$281K Buy
+3,688
New +$341K ﹤0.01% 3654
2025
Q4 		– Sell
-1,548
Closed -$206K – 3622
2025
Q3 		$206K Sell
1,548
-878,869
-100% -$104M ﹤0.01% 3248
2025
Q2 		$90.5M Buy
880,417
+15,919
+2% +$1.67M 0.07% 369
2025
Q1 		$102M Sell
864,498
-19,584
-2% -$2.25M 0.11% 263
2024
Q4 		$85.7M Buy
884,082
+35,036
+4% +$4.08M 0.11% 243
2024
Q3 		$114M Buy
849,046
+63,891
+8% +$7.85M 0.16% 157
2024
Q2 		$104M Sell
785,155
-16,784
-2% -$2.27M 0.16% 160
2024
Q1 		$93.2M Buy
801,939
+24,261
+3% +$3.18M 0.16% 154
2023
Q4 		$113M Sell
777,678
-30,911
-4% -$3.75M 0.21% 107
2023
Q3 		$79.3M Buy
808,589
+109,855
+16% +$9.46M 0.16% 158
2023
Q2 		$48.3M Sell
698,734
-57,007
-8% -$3.92M 0.1% 228
2023
Q1 		$57.4M Buy
755,741
+21,300
+3% +$1.93M 0.13% 199
2022
Q4 		$59.9M Buy
734,441
+13,583
+2% +$946K 0.14% 186
2022
Q3 		$45.1M Buy
720,858
+41,250
+6% +$2.4M 0.11% 221
2022
Q2 		$42M Sell
679,608
-54,407
-7% -$2.55M 0.09% 265
2022
Q1 		$29.4M Sell
734,015
-6,872
-0.9% -$353K 0.06% 411
2021
Q4 		$43.2M Sell
740,887
-16,114
-2% -$1.27M 0.08% 283
2021
Q3 		$68.6M Buy
757,001
+4,686
+0.6% +$456K 0.13% 193
2021
Q2 		$95.6M Buy
752,315
+38,952
+5% +$5.06M 0.17% 147
2021
Q1 		$95.5M Buy
713,363
+12,425
+2% +$2.1M 0.16% 150
2020
Q4 		$125M Buy
700,938
+206,867
+42% +$24.7M 0.22% 107
2020
Q3 		$36.6M Buy
494,071
+43,710
+10% +$3.75M 0.06% 336
2020
Q2 		$38.7M Buy
450,361
+20,317
+5% +$1.22M 0.06% 325
2020
Q1 		$15.5M Sell
430,044
-55,127
-11% -$2.01M 0.03% 525
2019
Q4 		$18.4M Sell
485,171
-866
-0.2% -$32.3K 0.02% 609
2019
Q3 		$15.7M Buy
486,037
+455,140
+1,473% +$12.2M 0.02% 646
2019
Q2 		$637K Buy
+30,897
New +$669K ﹤0.01% 1649

Other funds holding PDD

BlackRock
BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return
Baillie Gifford & Co
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
Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM
Invesco
Invesco Atlanta, Georgia $1.26T AUM 61.52% 1-Year Est. Return
Goldman Sachs
Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return
HH
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
State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return
NI
NetEase Inc Hangzhou, China $765M AUM 24.08% 1-Year Est. Return

Cliff Asness's PDD Position: Q2 2026 in Review

Cliff Asness opened a new position in Pinduoduo (PDD) in Q2 2026: 3,688 shares worth $281K. The stake represents ﹤0.01% of the portfolio and ranks #3654 among its holdings. This is a return to the name: Cliff Asness previously reported a position in PDD as recently as Q3 2025.

Cliff Asness first reported a position in PDD in Q2 2019 and has held it in 27 quarters since. The position peaked at $125M in Q4 2020. 507 funds tracked by Wall St. Rank hold PDD as of Q2 2026.

  • Cliff Asness held 3,688 shares of Pinduoduo worth $281K as of Q2 2026.
  • Pinduoduo was a new Cliff Asness position in Q2 2026.
  • Pinduoduo made up ﹤0.01% of Cliff Asness's portfolio in Q2 2026, its #3654 holding.
  • Cliff Asness first reported a position in Pinduoduo in Q2 2019 and has held it in 27 quarters since.
  • Cliff Asness's Pinduoduo position peaked at $125M in Q4 2020.
  • 507 funds tracked by Wall St. Rank held Pinduoduo as of Q2 2026.

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