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 Edinburgh, United Kingdom $110B AUM 4.8% 1-Year Est. Return

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

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

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

HSG Holding Na, Hong Kong $1.2B AUM 23.01% 1-Year Est. Return

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

SUT

SC US (TTGP) Menlo Park, California $31.9B AUM 28.45% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Norges Bank Oslo, Norway $1T AUM

Fidelity International Hamilton, Bermuda $139B AUM 29.06% 1-Year Est. Return

HCEP Management's PDD Position: Q4 2024 in Review

HCEP Management sold out of Pinduoduo (PDD) in Q4 2024, closing a stake of 200,000 shares — an estimated $27M sold.

HCEP Management first reported a position in PDD in Q4 2020 and held it in 13 quarters. The position peaked at $73.2M in Q4 2023. 586 funds tracked by Wall St. Rank hold PDD as of Q4 2024.

HCEP Management reported no remaining Pinduoduo position as of Q4 2024 after selling out during the quarter.
HCEP Management sold 200,000 Pinduoduo shares in Q4 2024, an estimated $27M.
HCEP Management first reported a position in Pinduoduo in Q4 2020 and held it in 13 quarters.
HCEP Management's Pinduoduo position peaked at $73.2M in Q4 2023.
586 funds tracked by Wall St. Rank held Pinduoduo as of Q4 2024.

Based on HCEP Management's 13F filing for Q4 2024, filed 13 Feb 2025.