HSG Holding’s Pinduoduo PDD Stock Holding History

HSG Holding’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 Q2	$866M	Hold	11,348,426	–	–	72.31%	1
2026 Q1	$1.14B	Hold	11,348,426	–	–	70.35%	1
2025 Q4	$1.2B	Hold	11,348,426	–	–	63.61%	1
2025 Q3	$1.48B	Sell	11,348,426 -2,247,569	-17%	-$266M	77.21%	1
2025 Q2	$1.42B	Hold	13,595,995	–	–	73.32%	1
2025 Q1	$1.37B	Hold	13,595,995	–	–	80.18%	1
2024 Q4	$1.97B	Sell	13,595,995 -1,848,775	-12%	-$215M	81.49%	1
2024 Q3	$1.93B	Sell	15,444,770 -850,662	-5%	-$105M	74.66%	1
2024 Q2	$2.13B	Buy	16,295,432 +14,895,988	+1,064%	+$2.02B	78.64%	1
2024 Q1	$179M	Sell	1,399,444 -193,066	-12%	-$25.3M	16.58%	3
2023 Q4	$223M	Hold	1,592,510	–	–	25.64%	1
2023 Q3	$156M	Hold	1,592,510	–	–	16.75%	3
2023 Q2	$110M	Hold	1,592,510	–	–	12.59%	3
2023 Q1	$121M	Hold	1,592,510	–	–	12.7%	3
2022 Q4	$130M	Sell	1,592,510 -157,489	-9%	-$11M	13.16%	3
2022 Q3	$110M	Hold	1,749,999	–	–	11.75%	4
2022 Q2	$108M	Hold	1,749,999	–	–	9.98%	4
2022 Q1	$70.2M	Hold	1,749,999	–	–	8.76%	4
2021 Q4	$102M	Hold	1,749,999	–	–	9.14%	3
2021 Q3	$159M	Sell	1,749,999 -592,105	-25%	-$57.6M	14.24%	3
2021 Q2	$297M	Sell	2,342,104 -157,894	-6%	-$20.5M	20.73%	2
2021 Q1	$335M	Sell	2,499,998 -131,580	-5%	-$22.2M	24.83%	2
2020 Q4	$468M	Hold	2,631,578	–	–	39.25%	1
2020 Q3	$195M	Hold	2,631,578	–	–	28.43%	1
2020 Q2	$226M	Hold	2,631,578	–	–	40.09%	1
2020 Q1	$94.8M	Hold	2,631,578	–	–	21.94%	2
2019 Q4	$99.5M	Hold	2,631,578	–	–	23.87%	2
2019 Q3	$84.8M	Hold	2,631,578	–	–	24.93%	2
2019 Q2	$54.3M	Hold	2,631,578	–	–	12.15%	3
2019 Q1	$65.3M	Hold	2,631,578	–	–	14.34%	3
2018 Q4	$59.1M	Hold	2,631,578	–	–	22.51%	2
2018 Q3	$69.2M	Buy	+2,631,578	New	+$56.8M	24.11%	2

Other funds holding PDD

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

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

HHII

H&H International Investment Palo Alto, California $19.1B AUM 27.41% 1-Year Est. Return

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

Invesco Atlanta, Georgia $1.26T AUM 61.52% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

HCM

Himalaya Capital Management Seattle, Washington $3.7B AUM 39.18% 1-Year Est. Return

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

NetEase Inc Hangzhou, China $765M AUM 24.08% 1-Year Est. Return

FBIL

First Beijing Investment Ltd Hong Kong $2.44B AUM 18.47% 1-Year Est. Return

HSG Holding's PDD Position: Q2 2026 in Review

HSG Holding held its Pinduoduo (PDD) position steady in Q2 2026 at 11,348,426 shares worth $866M. The position accounts for 72.31% of the portfolio, ranked #1.

HSG Holding first reported a position in PDD in Q3 2018 and has held it in 32 quarters since. The position peaked at $2.13B in Q2 2024. 509 funds tracked by Wall St. Rank hold PDD as of Q2 2026.

HSG Holding held 11,348,426 shares of Pinduoduo worth $866M as of Q2 2026.
HSG Holding left its Pinduoduo share count unchanged in Q2 2026.
Pinduoduo made up 72.31% of HSG Holding's portfolio in Q2 2026, its #1 holding.
HSG Holding first reported a position in Pinduoduo in Q3 2018 and has held it in 32 quarters since.
HSG Holding's Pinduoduo position peaked at $2.13B in Q2 2024.
509 funds tracked by Wall St. Rank held Pinduoduo as of Q2 2026.

Based on HSG Holding's 13F filing for Q2 2026, filed 13 Aug 2026.