KCMH
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Keywise Capital Management (HK)’s Pinduoduo PDD Stock Holding History

Keywise Capital Management (HK)’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 		$40.3M Buy
+528,100
New +$48.8M 5.49% 5
2026
Q1 		– Sell
-16,500
Closed -$1.87M – 20
2025
Q4 		$1.87M Sell
16,500
-203,350
-92% -$25.2M 0.14% 14
2025
Q3 		$29.1M Sell
219,850
-1,105,200
-83% -$131M 2.23% 7
2025
Q2 		$139M Buy
1,325,050
+172,690
+15% +$18.1M 11.67% 5
2025
Q1 		$136M Buy
1,152,360
+4,600
+0.4% +$528K 14.74% 3
2024
Q4 		$111M Buy
1,147,760
+560
+0% +$65.2K 9.11% 4
2024
Q3 		$155M Buy
1,147,200
+603,300
+111% +$74.1M 15.29% 3
2024
Q2 		$72.3M Buy
543,900
+305,400
+128% +$41.4M 8.69% 5
2024
Q1 		$27.7M Sell
238,500
-236,100
-50% -$30.9M 3.74% 7
2023
Q4 		$69.4M Buy
474,600
+134,900
+40% +$16.4M 11.4% 5
2023
Q3 		$33.3M Buy
339,700
+258,900
+320% +$22.3M 5.52% 6
2023
Q2 		$5.59M Sell
80,800
-8,350
-9% -$574K 1.02% 10
2023
Q1 		$6.77M Sell
89,150
-11,700
-12% -$1.06M 1.54% 9
2022
Q4 		$8.22M Sell
100,850
-72,050
-42% -$5.02M 2.9% 7
2022
Q3 		$10.8M Buy
+172,900
New +$10.1M 5.16% 7
2021
Q2 		– Sell
-3,400
Closed -$455K – 22
2021
Q1 		$455K Buy
+3,400
New +$574K 0.12% 18
2020
Q4 		– Sell
-5,700
Closed -$423K – 23
2020
Q3 		$423K Buy
5,700
+2,200
+63% +$189K 0.1% 28
2020
Q2 		$300K Buy
+3,500
New +$211K 0.08% 33
2020
Q1 		– Sell
-1,018,900
Closed -$38.5M – 30
2019
Q4 		$38.5M Buy
+1,018,900
New +$38M 12.78% 4

Other funds holding PDD

BlackRock
BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return
Baillie Gifford & Co
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
Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM
Invesco
Invesco Atlanta, Georgia $1.26T AUM 61.52% 1-Year Est. Return
Goldman Sachs
Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return
HH
HSG Holding Na, Hong Kong $1.2B AUM 23.01% 1-Year Est. Return
HCM
Himalaya Capital Management Seattle, Washington $3.7B AUM 39.18% 1-Year Est. Return
State Street
State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return
NI
NetEase Inc Hangzhou, China $765M AUM 24.08% 1-Year Est. Return

Keywise Capital Management (HK)'s PDD Position: Q2 2026 in Review

Keywise Capital Management (HK) opened a new position in Pinduoduo (PDD) in Q2 2026: 528,100 shares worth $40.3M. The stake represents 5.49% of the portfolio and ranks #5 among its holdings. This is a return to the name: Keywise Capital Management (HK) previously reported a position in PDD as recently as Q4 2025.

Keywise Capital Management (HK) first reported a position in PDD in Q4 2019 and has held it in 19 quarters since. The position peaked at $155M in Q3 2024. 509 funds tracked by Wall St. Rank hold PDD as of Q2 2026.

  • Keywise Capital Management (HK) held 528,100 shares of Pinduoduo worth $40.3M as of Q2 2026.
  • Pinduoduo was a new Keywise Capital Management (HK) position in Q2 2026.
  • Pinduoduo made up 5.49% of Keywise Capital Management (HK)'s portfolio in Q2 2026, its #5 holding.
  • Keywise Capital Management (HK) first reported a position in Pinduoduo in Q4 2019 and has held it in 19 quarters since.
  • Keywise Capital Management (HK)'s Pinduoduo position peaked at $155M in Q3 2024.
  • 509 funds tracked by Wall St. Rank held Pinduoduo as of Q2 2026.

Based on Keywise Capital Management (HK)'s 13F filing for Q2 2026, filed 14 Aug 2026.