FengHe Fund Management’s Pinduoduo PDD Stock Holding History

FengHe Fund 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
2025 Q1	–	Sell	-21,300	Closed	-$2.07M	–	29
2024 Q4	$2.07M	Buy	+21,300	New	+$2.48M	0.61%	15
2024 Q3	–	Sell	-210,500	Closed	-$28M	–	29
2024 Q2	$28M	Buy	210,500 +173,290	+466%	+$23.5M	3.9%	9
2024 Q1	$4.33M	Sell	37,210 -152,190	-80%	-$19.9M	0.54%	24
2023 Q4	$27.7M	Buy	+189,400	New	+$23M	4.86%	9
2023 Q2	–	Sell	-328,000	Closed	-$24.9M	–	22
2023 Q1	$24.9M	Sell	328,000 -487,000	-60%	-$44M	5.59%	5
2022 Q4	$66.5M	Buy	815,000 +648,500	+389%	+$45.1M	8.99%	5
2022 Q3	$10.4M	Buy	+166,500	New	+$9.68M	2.65%	8
2022 Q2	–	Sell	-165,400	Closed	-$6.63M	–	20
2022 Q1	$6.63M	Buy	+165,400	New	+$8.5M	2.43%	10
2021 Q2	–	Sell	-11,400	Closed	-$1.53M	–	21
2021 Q1	$1.53M	Buy	11,400 +400	+4%	+$67.5K	1.2%	9
2020 Q4	$1.95M	Buy	+11,000	New	+$1.32M	1.44%	12

Other funds holding PDD

Baillie Gifford & Co Edinburgh, United Kingdom $97.9B AUM 20.73% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

HSG Holding Na, Hong Kong $1.62B AUM 5.91% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

SUT

SC US (TTGP) Menlo Park, California $9.25B AUM 20.49% 1-Year Est. Return

UBS AM Chicago, Illinois $481B AUM 26.39% 1-Year Est. Return

Norges Bank Oslo, Norway $935B AUM

HHII

H&H International Investment Palo Alto, California $20B AUM 9.66% 1-Year Est. Return

FengHe Fund Management's PDD Position: Q1 2025 in Review

FengHe Fund Management sold out of Pinduoduo (PDD) in Q1 2025, closing a stake of 21,300 shares — an estimated $2.07M sold.

FengHe Fund Management first reported a position in PDD in Q4 2020 and held it in 10 quarters. The position peaked at $66.5M in Q4 2022. 582 funds tracked by Wall St. Rank hold PDD as of Q1 2025.

FengHe Fund Management reported no remaining Pinduoduo position as of Q1 2025 after selling out during the quarter.
FengHe Fund Management sold 21,300 Pinduoduo shares in Q1 2025, an estimated $2.07M.
FengHe Fund Management first reported a position in Pinduoduo in Q4 2020 and held it in 10 quarters.
FengHe Fund Management's Pinduoduo position peaked at $66.5M in Q4 2022.
582 funds tracked by Wall St. Rank held Pinduoduo as of Q1 2025.

Based on FengHe Fund Management's 13F filing for Q1 2025, filed 13 May 2025.