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Franchise Capital’s Pinduoduo PDD Stock Holding History

Franchise Capital’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
Q3 		$66.3M Sell
501,460
-590
-0.1% -$69.8K 28.85% 2
2025
Q2 		$52.5M Sell
502,050
-12,770
-2% -$1.34M 27.4% 2
2025
Q1 		$60.9M Sell
514,820
-121,404
-19% -$13.9M 36.3% 1
2024
Q4 		$61.7M Sell
636,224
-210,000
-25% -$24.4M 28.61% 2
2024
Q3 		$114M Sell
846,224
-291,997
-26% -$35.9M 41.12% 1
2024
Q2 		$151M Buy
1,138,221
+235,795
+26% +$31.9M 36.6% 2
2024
Q1 		$105M Buy
902,426
+137,230
+18% +$18M 19.51% 2
2023
Q4 		$112M Buy
765,196
+49,560
+7% +$6.01M 28.03% 1
2023
Q3 		$70.2M Sell
715,636
-128,000
-15% -$11M 25.12% 2
2023
Q2 		$58.3M Sell
843,636
-960,418
-53% -$66M 18.26% 2
2023
Q1 		$137M Buy
1,804,054
+170,941
+10% +$15.5M 35.7% 1
2022
Q4 		$133M Buy
1,633,113
+1,896
+0.1% +$132K 40.84% 1
2022
Q3 		$102M Sell
1,631,217
-389,676
-19% -$22.7M 44.42% 1
2022
Q2 		$125M Buy
2,020,893
+35,602
+2% +$1.67M 41.8% 1
2022
Q1 		$79.6M Buy
1,985,291
+407,687
+26% +$20.9M 21.9% 1
2021
Q4 		$92M Hold
1,577,604
– – 15.57% 1
2021
Q3 		$143M Buy
1,577,604
+183,623
+13% +$17.9M 17.09% 1
2021
Q2 		$177M Buy
1,393,981
+252,535
+22% +$32.8M 15.32% 3
2021
Q1 		$153M Buy
+1,141,446
New +$193M 15.1% 3

Other funds holding PDD

BlackRock
BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return
Vanguard Group
Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return
Baillie Gifford & Co
Baillie Gifford & Co Edinburgh, United Kingdom $110B AUM 4.8% 1-Year Est. Return
Fidelity Investments
Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return
State Street
State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return
HH
HSG Holding Na, Hong Kong $1.2B AUM 23.01% 1-Year Est. Return
Goldman Sachs
Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return
SUT
SC US (TTGP) Menlo Park, California $31.9B AUM 28.45% 1-Year Est. Return
HA
HHLR Advisors Grand Cayman, Cayman Islands $832M AUM 32.38% 1-Year Est. Return
HHII
H&H International Investment Palo Alto, California $19.1B AUM 27.41% 1-Year Est. Return

Franchise Capital's PDD Position: Q3 2025 in Review

Franchise Capital reduced its Pinduoduo (PDD) stake by 0.12% in Q3 2025, selling an estimated $69.8K and leaving 501,460 shares worth $66.3M. The position accounts for 28.85% of the portfolio, ranked #2.

Franchise Capital first reported a position in PDD in Q1 2021 and has held it in 19 quarters since. The position peaked at $177M in Q2 2021. 559 funds tracked by Wall St. Rank hold PDD as of Q3 2025.

  • Franchise Capital held 501,460 shares of Pinduoduo worth $66.3M as of Q3 2025.
  • Franchise Capital sold 590 Pinduoduo shares in Q3 2025, an estimated $69.8K.
  • Pinduoduo made up 28.85% of Franchise Capital's portfolio in Q3 2025, its #2 holding.
  • Franchise Capital first reported a position in Pinduoduo in Q1 2021 and has held it in 19 quarters since.
  • Franchise Capital's Pinduoduo position peaked at $177M in Q2 2021.
  • 559 funds tracked by Wall St. Rank held Pinduoduo as of Q3 2025.

Based on Franchise Capital's 13F filing for Q3 2025, filed 28 Oct 2025.