First Beijing Investment Ltd’s Pinduoduo PDD Stock Holding History

First Beijing Investment Ltd’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	$715M	Buy	9,377,416 +1,228,254	+15%	+$113M	29.27%	2
2026 Q1	$833M	Buy	8,149,162 +1,366,207	+20%	+$144M	35.91%	1
2025 Q4	$769M	Buy	6,782,955 +614,234	+10%	+$76.3M	30.33%	2
2025 Q3	$815M	Buy	6,168,721 +590,869	+11%	+$69.9M	31.48%	2
2025 Q2	$584M	Buy	5,577,852 +1,720,629	+45%	+$181M	32.67%	1
2025 Q1	$457M	Buy	3,857,223 +91,414	+2%	+$10.5M	31.34%	1
2024 Q4	$365M	Buy	3,765,809 +211,090	+6%	+$24.6M	25.93%	1
2024 Q3	$479M	Buy	3,554,719 +770,539	+28%	+$94.7M	35.19%	1
2024 Q2	$370M	Buy	2,784,180 +957,984	+52%	+$130M	40.05%	1
2024 Q1	$212M	Buy	1,826,196 +6,803	+0.4%	+$891K	40.87%	1
2023 Q4	$266M	Sell	1,819,393 -402,554	-18%	-$48.8M	44.04%	1
2023 Q3	$218M	Buy	2,221,947 +147,647	+7%	+$12.7M	41.96%	1
2023 Q2	$143M	Buy	+2,074,300	New	+$143M	43.29%	1

Other funds holding PDD

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

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 Malvern, Pennsylvania $4.68T AUM

Invesco Atlanta, Georgia $1.26T AUM 61.52% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

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 Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

NetEase Inc Hangzhou, China $765M AUM 24.08% 1-Year Est. Return

First Beijing Investment Ltd's PDD Position: Q2 2026 in Review

First Beijing Investment Ltd increased its Pinduoduo (PDD) stake by 15% in Q2 2026, buying an estimated $113M and bringing the position to 9,377,416 shares worth $715M. The position accounts for 29.27% of the portfolio, ranked #2.

First Beijing Investment Ltd first reported a position in PDD in Q2 2023 and has held it in 13 quarters since. The position peaked at $833M in Q1 2026. 509 funds tracked by Wall St. Rank hold PDD as of Q2 2026.

First Beijing Investment Ltd held 9,377,416 shares of Pinduoduo worth $715M as of Q2 2026.
First Beijing Investment Ltd bought 1,228,254 Pinduoduo shares in Q2 2026, an estimated $113M.
Pinduoduo made up 29.27% of First Beijing Investment Ltd's portfolio in Q2 2026, its #2 holding.
First Beijing Investment Ltd first reported a position in Pinduoduo in Q2 2023 and has held it in 13 quarters since.
First Beijing Investment Ltd's Pinduoduo position peaked at $833M in Q1 2026.
509 funds tracked by Wall St. Rank held Pinduoduo as of Q2 2026.

Based on First Beijing Investment Ltd's 13F filing for Q2 2026, filed 12 Aug 2026.