Hidden Lake Asset Management’s Pinduoduo PDD Stock Holding History

Hidden Lake Asset 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
2025 Q4	–	Sell	-120,847	Closed	-$16M	–	51
2025 Q3	$16M	Buy	+120,847	New	+$14.3M	2.04%	3
2024 Q3	–	Sell	-11,650	Closed	-$1.55M	–	41
2024 Q2	$1.55M	Buy	+11,650	New	+$1.58M	1.2%	23
2023 Q3	–	Sell	-67,180	Closed	-$4.64M	–	12
2023 Q2	$4.64M	Sell	67,180 -151,830	-69%	-$10.4M	6.75%	8
2023 Q1	$16.6M	Buy	219,010 +202,723	+1,245%	+$18.3M	11.61%	3
2022 Q4	$1.33M	Sell	16,287 -137,663	-89%	-$9.58M	0.57%	22
2022 Q3	$9.63M	Buy	+153,950	New	+$8.95M	4.66%	6
2021 Q4	–	Sell	-100,092	Closed	-$9.07M	–	21
2021 Q3	$9.07M	Sell	100,092 -103,571	-51%	-$10.1M	2.4%	13
2021 Q2	$25.9M	Buy	203,663 +63,442	+45%	+$8.25M	8.33%	1
2021 Q1	$18.8M	Buy	+140,221	New	+$23.7M	7.35%	4

Other funds holding PDD

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

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

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

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

HHII

H&H International Investment Palo Alto, California $20B AUM 9.66% 1-Year Est. Return

HHLR Advisors Grand Cayman, Cayman Islands $1.67B AUM 7.53% 1-Year Est. Return

HSG Holding Na, Hong Kong $1.62B AUM 5.91% 1-Year Est. Return

Norges Bank Oslo, Norway $935B AUM

Hidden Lake Asset Management's PDD Position: Q4 2025 in Review

Hidden Lake Asset Management sold out of Pinduoduo (PDD) in Q4 2025, closing a stake of 120,847 shares — an estimated $16M sold.

Hidden Lake Asset Management first reported a position in PDD in Q1 2021 and held it in 9 quarters. The position peaked at $25.9M in Q2 2021. 573 funds tracked by Wall St. Rank hold PDD as of Q4 2025.

Hidden Lake Asset Management reported no remaining Pinduoduo position as of Q4 2025 after selling out during the quarter.
Hidden Lake Asset Management sold 120,847 Pinduoduo shares in Q4 2025, an estimated $16M.
Hidden Lake Asset Management first reported a position in Pinduoduo in Q1 2021 and held it in 9 quarters.
Hidden Lake Asset Management's Pinduoduo position peaked at $25.9M in Q2 2021.
573 funds tracked by Wall St. Rank held Pinduoduo as of Q4 2025.

Based on Hidden Lake Asset Management's 13F filing for Q4 2025, filed 17 Feb 2026.