Element Capital Management’s Pinduoduo PDD Stock Holding History

Element Capital 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
2019 Q4	–	Sell	-630,636	Closed	-$20.3M	–	177
2019 Q3	$20.3M	Buy	630,636 +372,598	+144%	+$9.95M	1.77%	12
2019 Q2	$5.32M	Buy	+258,038	New	+$5.59M	0.36%	60
2018 Q4	–	Sell	-35,256	Closed	-$927K	–	823
2018 Q3	$927K	Buy	+35,256	New	+$761K	0.02%	360

Other funds holding PDD

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

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

HSBC Holdings London, United Kingdom $239B AUM 42.32% 1-Year Est. Return

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

ICVCFIA

IDG China Venture Capital Fund IV Associates Hong Kong $147M AUM 20.48% 1-Year Est. Return

HHLR Advisors Grand Cayman, Cayman Islands $832M AUM 32.38% 1-Year Est. Return

ACM

Altimeter Capital Management Boston, Massachusetts $9.83B AUM 24.98% 1-Year Est. Return

Renaissance Technologies New York $72.6B AUM 54.88% 1-Year Est. Return

Tiger Global Management New York $24B AUM 39.59% 1-Year Est. Return

SUT

SC US (TTGP) Menlo Park, California $31.9B AUM 28.45% 1-Year Est. Return

Element Capital Management's PDD Position: Q4 2019 in Review

Element Capital Management sold out of Pinduoduo (PDD) in Q4 2019, closing a stake of 630,636 shares — an estimated $20.3M sold.

Element Capital Management first reported a position in PDD in Q3 2018 and held it in 3 quarters. The position peaked at $20.3M in Q3 2019. 204 funds tracked by Wall St. Rank hold PDD as of Q4 2019.

Element Capital Management reported no remaining Pinduoduo position as of Q4 2019 after selling out during the quarter.
Element Capital Management sold 630,636 Pinduoduo shares in Q4 2019, an estimated $20.3M.
Element Capital Management first reported a position in Pinduoduo in Q3 2018 and held it in 3 quarters.
Element Capital Management's Pinduoduo position peaked at $20.3M in Q3 2019.
204 funds tracked by Wall St. Rank held Pinduoduo as of Q4 2019.

Based on Element Capital Management's 13F filing for Q4 2019, filed 12 Feb 2020.