Hudson Bay Capital Management’s Pinduoduo PDD Stock Holding History

Hudson Bay Capital 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 Q2	–	Sell	-473,300	Closed	-$56M	–	1603
2025 Q1	$56M	Buy	+473,300	New	+$54.3M	0.17%	117

Other funds holding PDD

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

Baillie Gifford & Co Edinburgh, United Kingdom $110B AUM 4.8% 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 $3.37T AUM 44.26% 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

Hudson Bay Capital Management's PDD Position: Q4 2025 in Review

Hudson Bay Capital Management sold out of Pinduoduo (PDD) in Q4 2025, closing a stake of 9,186 shares — an estimated $1.21M sold.

Hudson Bay Capital Management first reported a position in PDD in Q1 2025 and held it in 3 quarters. The position peaked at $47.9M in Q1 2025. 574 funds tracked by Wall St. Rank hold PDD as of Q4 2025.

Hudson Bay Capital Management reported no remaining Pinduoduo position as of Q4 2025 after selling out during the quarter.
Hudson Bay Capital Management sold 9,186 Pinduoduo shares in Q4 2025, an estimated $1.21M.
Hudson Bay Capital Management first reported a position in Pinduoduo in Q1 2025 and held it in 3 quarters.
Hudson Bay Capital Management's Pinduoduo position peaked at $47.9M in Q1 2025.
574 funds tracked by Wall St. Rank held Pinduoduo as of Q4 2025.

Based on Hudson Bay Capital Management's 13F filing for Q4 2025, filed 13 Feb 2026.