HCEP Management’s Pinduoduo PDD Stock Holding History

HCEP 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
2024 Q4	–	Sell	-200,000	Closed	-$27M	–	13
2024 Q3	$27M	Buy	+200,000	New	+$24.6M	9.83%	4
2024 Q2	–	Sell	-300,000	Closed	-$34.9M	–	15
2024 Q1	$34.9M	Sell	300,000 -200,000	-40%	-$26.2M	6.56%	6
2023 Q4	$73.2M	Buy	500,000 +250,000	+100%	+$30.3M	15.25%	3
2023 Q3	$24.5M	Sell	250,000 -750,000	-75%	-$64.6M	6.36%	4
2023 Q2	$69.1M	Buy	1,000,000 +825,000	+471%	+$56.7M	13.12%	3
2023 Q1	$13.3M	Sell	175,000 -25,000	-13%	-$2.26M	2.63%	7
2022 Q4	$16.3M	Hold	200,000	–	–	4.08%	6
2022 Q3	$12.5M	Hold	200,000	–	–	9.76%	3
2022 Q2	$12.4M	Hold	200,000	–	–	8.35%	3
2022 Q1	$8.02M	Hold	200,000	–	–	5.25%	5
2021 Q4	$11.7M	Buy	+200,000	New	+$15.8M	7.08%	4
2021 Q2	–	Sell	-35,000	Closed	-$4.69M	–	7
2021 Q1	$4.69M	Sell	35,000 -194,180	-85%	-$32.8M	3.44%	6
2020 Q4	$40.7M	Buy	+229,180	New	+$27.4M	23.37%	2

Other funds holding PDD

Baillie Gifford & Co

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

BlackRock New York $5.7T AUM 30.48% 1-Year Est. Return

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

Fidelity Investments

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

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

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Norges Bank Oslo, Norway $935B AUM

Fidelity International

Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return