Element Capital Management’s Pinduoduo PDD Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2019 Q4	–	Sell	-630,636	Closed	-$20.3M	–	177
2019 Q3	$20.3M	Buy	630,636 +372,598	+144%	+$12M	1.77%	12
2019 Q2	$5.32M	Buy	+258,038	New	+$5.32M	0.36%	60
2018 Q4	–	Sell	-35,256	Closed	-$927K	–	823
2018 Q3	$927K	Buy	+35,256	New	+$927K	0.02%	360