Li Lu’s Pinduoduo PDD Stock Holding History

Li Lu’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	$821M	Buy	10,761,119 +6,153,119	+134%	+$568M	22.17%	3
2026 Q1	$471M	Hold	4,608,000	–	–	14.71%	3
2025 Q4	$523M	Hold	4,608,000	–	–	14.64%	4
2025 Q3	$609M	Hold	4,608,000	–	–	18.85%	2
2025 Q2	$482M	Buy	+4,608,000	New	+$483M	17.93%	2
2021 Q4	–	Sell	-363,165	Closed	-$32.9M	–	7
2021 Q3	$32.9M	Hold	363,165	–	–	1.53%	7
2021 Q2	$46.1M	Hold	363,165	–	–	2.25%	6
2021 Q1	$48.6M	Hold	363,165	–	–	2.46%	6
2020 Q4	$64.5M	Buy	+363,165	New	+$43.4M	3.55%	6

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

HSG Holding Na, Hong Kong $1.2B AUM 23% 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

Li Lu's PDD Position: Q2 2026 in Review

Li Lu increased its Pinduoduo (PDD) stake by 134% in Q2 2026, buying an estimated $568M and bringing the position to 10,761,119 shares worth $821M. The position accounts for 22.17% of the portfolio, ranked #3.

Li Lu first reported a position in PDD in Q4 2020 and has held it in 9 quarters since. 468 funds tracked by Wall St. Rank hold PDD as of Q2 2026.

Li Lu held 10,761,119 shares of Pinduoduo worth $821M as of Q2 2026.
Li Lu bought 6,153,119 Pinduoduo shares in Q2 2026, an estimated $568M.
Pinduoduo made up 22.17% of Li Lu's portfolio in Q2 2026, its #3 holding.
Li Lu first reported a position in Pinduoduo in Q4 2020 and has held it in 9 quarters since.
468 funds tracked by Wall St. Rank held Pinduoduo as of Q2 2026.

Based on Himalaya Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.