Goldman Sachs
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Goldman Sachs’s Pinduoduo PDD Stock Holding History

Goldman Sachs’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
Q1 		$45.1M Sell
441,000
-538,900
-55% -$56.6M 0.01% 1664
2025
Q4 		$111M Sell
979,900
-856,800
-47% -$106M 0.01% 932
2025
Q3 		$243M Buy
1,836,700
+67,300
+4% +$7.97M 0.03% 529
2025
Q2 		$185M Sell
1,769,400
-2,751,400
-61% -$289M 0.03% 593
2025
Q1 		$535M Buy
4,520,800
+1,533,500
+51% +$176M 0.09% 232
2024
Q4 		$290M Sell
2,987,300
-1,525,500
-34% -$177M 0.05% 383
2024
Q3 		$608M Buy
4,512,800
+4,048,500
+872% +$497M 0.1% 195
2024
Q2 		$61.7M Sell
464,300
-338,100
-42% -$45.8M 0.01% 1024
2024
Q1 		$93.3M Buy
802,400
+71,000
+10% +$9.3M 0.02% 814
2023
Q4 		$107M Sell
731,400
-508,900
-41% -$61.7M 0.02% 760
2023
Q3 		$122M Buy
1,240,300
+503,600
+68% +$43.4M 0.03% 623
2023
Q2 		$50.9M Sell
736,700
-426,400
-37% -$29.3M 0.01% 1083
2023
Q1 		$88.3M Sell
1,163,100
-499,000
-30% -$45.1M 0.02% 759
2022
Q4 		$136M Buy
1,662,100
+1,377,700
+484% +$95.9M 0.03% 578
2022
Q3 		$17.8M Buy
284,400
+134,400
+90% +$7.81M ﹤0.01% 1970
2022
Q2 		$9.27M Sell
150,000
-265,600
-64% -$12.4M ﹤0.01% 2591
2022
Q1 		$16.7M Sell
415,600
-228,700
-35% -$11.8M ﹤0.01% 2205
2021
Q4 		$37.6M Buy
644,300
+604,300
+1,511% +$47.7M 0.01% 1577
2021
Q3 		$3.63M Sell
40,000
-30,000
-43% -$2.92M ﹤0.01% 3635
2021
Q2 		$8.89M Sell
70,000
-60,000
-46% -$7.8M ﹤0.01% 2802
2021
Q1 		$17.4M Buy
+130,000
New +$21.9M ﹤0.01% 2050
2020
Q2 		– Sell
-216,300
Closed -$7.79M – 5409
2020
Q1 		$7.79M Buy
+216,300
New +$7.9M ﹤0.01% 2279
2019
Q4 		– Sell
-254,200
Closed -$8.19M – 5360
2019
Q3 		$8.19M Buy
254,200
+154,200
+154% +$4.12M ﹤0.01% 2478
2019
Q2 		$2.06M Hold
100,000
– – ﹤0.01% 3531
2019
Q1 		$2.48M Buy
+100,000
New +$2.68M ﹤0.01% 3479

Other funds holding PDD

BlackRock
BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return
Baillie Gifford & Co
Baillie Gifford & Co Edinburgh, United Kingdom $97.9B AUM 20.73% 1-Year Est. Return
VCM
Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM
Invesco
Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return
HHII
H&H International Investment Palo Alto, California $20B AUM 9.66% 1-Year Est. Return
State Street
State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return
HH
HSG Holding Na, Hong Kong $1.62B AUM 5.91% 1-Year Est. Return
NI
NetEase Inc Hangzhou, China $934M AUM 11.31% 1-Year Est. Return
SUT
SC US (TTGP) Menlo Park, California $9.25B AUM 20.49% 1-Year Est. Return
UBS AM
UBS AM Chicago, Illinois $481B AUM 26.39% 1-Year Est. Return

Goldman Sachs's PDD Position: Q1 2026 in Review

Goldman Sachs increased its Pinduoduo (PDD) stake by 10% in Q1 2026, buying an estimated $92.4M and bringing the position to 9,705,935 shares worth $992M. The position accounts for 0.11% of the portfolio, ranked #172.

Goldman Sachs first reported a position in PDD in Q3 2018 and has held it in 31 quarters since. The position peaked at $1.49B in Q2 2024. 564 funds tracked by Wall St. Rank hold PDD as of Q1 2026.

  • Goldman Sachs held 9,705,935 shares of Pinduoduo worth $992M as of Q1 2026.
  • Goldman Sachs bought 879,184 Pinduoduo shares in Q1 2026, an estimated $92.4M.
  • Pinduoduo made up 0.11% of Goldman Sachs's portfolio in Q1 2026, its #172 holding.
  • Goldman Sachs first reported a position in Pinduoduo in Q3 2018 and has held it in 31 quarters since.
  • Goldman Sachs's Pinduoduo position peaked at $1.49B in Q2 2024.
  • 564 funds tracked by Wall St. Rank held Pinduoduo as of Q1 2026.

Based on Goldman Sachs's 13F filing for Q1 2026, filed 15 May 2026.