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 		$270M Sell
2,647,000
-766,600
-22% -$80.6M 0.03% 539
2025
Q4 		$387M Buy
3,413,600
+873,000
+34% +$108M 0.05% 385
2025
Q3 		$336M Sell
2,540,600
-1,695,400
-40% -$201M 0.04% 423
2025
Q2 		$443M Sell
4,236,000
-2,757,300
-39% -$289M 0.06% 316
2025
Q1 		$828M Sell
6,993,300
-2,485,200
-26% -$285M 0.13% 133
2024
Q4 		$919M Buy
9,478,500
+2,999,000
+46% +$349M 0.14% 117
2024
Q3 		$874M Sell
6,479,500
-113,700
-2% -$14M 0.14% 137
2024
Q2 		$877M Buy
6,593,200
+1,260,800
+24% +$171M 0.15% 128
2024
Q1 		$620M Sell
5,332,400
-520,800
-9% -$68.2M 0.11% 179
2023
Q4 		$856M Buy
5,853,200
+176,500
+3% +$21.4M 0.16% 118
2023
Q3 		$557M Buy
5,676,700
+2,816,000
+98% +$243M 0.12% 159
2023
Q2 		$198M Sell
2,860,700
-4,752,100
-62% -$326M 0.04% 429
2023
Q1 		$578M Buy
7,612,800
+725,200
+11% +$65.5M 0.13% 140
2022
Q4 		$562M Buy
6,887,600
+6,817,600
+9,739% +$475M 0.14% 133
2022
Q3 		$4.38M Hold
70,000
– – ﹤0.01% 3242
2022
Q2 		$4.33M Sell
70,000
-109,500
-61% -$5.13M ﹤0.01% 3273
2022
Q1 		$7.2M Sell
179,500
-225,500
-56% -$11.6M ﹤0.01% 3005
2021
Q4 		$23.6M Buy
405,000
+155,000
+62% +$12.2M ﹤0.01% 1968
2021
Q3 		$22.7M Buy
250,000
+87,200
+54% +$8.48M ﹤0.01% 1945
2021
Q2 		$20.7M Buy
162,800
+56,200
+53% +$7.3M ﹤0.01% 2024
2021
Q1 		$14.3M Sell
106,600
-173,400
-62% -$29.3M ﹤0.01% 2235
2020
Q4 		$49.7M Buy
+280,000
New +$33.5M 0.01% 1135
2019
Q4 		– Sell
-50,000
Closed -$1.61M – 5361
2019
Q3 		$1.61M Buy
+50,000
New +$1.34M ﹤0.01% 3683
2019
Q1 		– Sell
-20,200
Closed -$453K – 5370
2018
Q4 		$453K Sell
20,200
-10,000
-33% -$211K ﹤0.01% 4419
2018
Q3 		$794K Buy
+30,200
New +$652K ﹤0.01% 4177

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.