Dragoneer Investment Group’s Pinduoduo PDD Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	–	Sell	-1,835,428	Closed	-$208M	–	22
2025 Q4	$208M	Hold	1,835,428	–	–	4.54%	10
2025 Q3	$243M	Sell	1,835,428 -1,700,180	-48%	-$201M	5.36%	9
2025 Q2	$370M	Sell	3,535,608 -1,028,464	-23%	-$108M	7.55%	5
2025 Q1	$540M	Sell	4,564,072 -1,008,022	-18%	-$116M	11.36%	2
2024 Q4	$540M	Buy	5,572,094 +1,827,853	+49%	+$213M	9.44%	3
2024 Q3	$505M	Buy	3,744,241 +1,123,403	+43%	+$138M	8.78%	4
2024 Q2	$348M	Buy	2,620,838 +1,540,346	+143%	+$209M	6.66%	5
2024 Q1	$126M	Sell	1,080,492 -1,016,960	-48%	-$133M	2.91%	15
2023 Q4	$307M	Sell	2,097,452 -937,966	-31%	-$114M	6.66%	6
2023 Q3	$298M	Buy	3,035,418 +437,684	+17%	+$37.7M	6.85%	5
2023 Q2	$180M	Buy	+2,597,734	New	+$178M	3.71%	13