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Marc Stad’s Pinduoduo PDD Stock Holding History

Marc Stad’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
Q1 		– Sell
-1,835,428
Closed -$208M – 22
2025
Q4 		$208M Hold
1,835,428
– – 4.54% 10
2025
Q3 		$243M Sell
1,835,428
-1,700,180
-48% -$201M 5.36% 9
2025
Q2 		$370M Sell
3,535,608
-1,028,464
-23% -$108M 7.55% 5
2025
Q1 		$540M Sell
4,564,072
-1,008,022
-18% -$116M 11.36% 2
2024
Q4 		$540M Buy
5,572,094
+1,827,853
+49% +$213M 9.44% 3
2024
Q3 		$505M Buy
3,744,241
+1,123,403
+43% +$138M 8.78% 4
2024
Q2 		$348M Buy
2,620,838
+1,540,346
+143% +$209M 6.66% 5
2024
Q1 		$126M Sell
1,080,492
-1,016,960
-48% -$133M 2.91% 15
2023
Q4 		$307M Sell
2,097,452
-937,966
-31% -$114M 6.66% 6
2023
Q3 		$298M Buy
3,035,418
+437,684
+17% +$37.7M 6.85% 5
2023
Q2 		$180M Buy
+2,597,734
New +$178M 3.71% 13

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
Vanguard Capital Management
Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM
Invesco
Invesco Atlanta, Georgia $1.26T AUM 61.52% 1-Year Est. Return
HHII
H&H International Investment Palo Alto, California $19.1B AUM 27.41% 1-Year Est. Return
State Street
State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return
HH
HSG Holding Na, Hong Kong $1.2B AUM 23.01% 1-Year Est. Return
Goldman Sachs
Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return
NI
NetEase Inc Hangzhou, China $765M AUM 24.08% 1-Year Est. Return
SUT
SC US (TTGP) Menlo Park, California $31.9B AUM 28.45% 1-Year Est. Return

Marc Stad's PDD Position: Q1 2026 in Review

Marc Stad sold out of Pinduoduo (PDD) in Q1 2026, closing a stake of 1,835,428 shares — an estimated $208M sold.

Marc Stad first reported a position in PDD in Q2 2023 and held it in 11 quarters. The position peaked at $540M in Q4 2024. 568 funds tracked by Wall St. Rank hold PDD as of Q1 2026.

  • Marc Stad reported no remaining Pinduoduo position as of Q1 2026 after selling out during the quarter.
  • Marc Stad sold 1,835,428 Pinduoduo shares in Q1 2026, an estimated $208M.
  • Marc Stad first reported a position in Pinduoduo in Q2 2023 and held it in 11 quarters.
  • Marc Stad's Pinduoduo position peaked at $540M in Q4 2024.
  • 568 funds tracked by Wall St. Rank held Pinduoduo as of Q1 2026.

Based on Dragoneer Investment Group's 13F filing for Q1 2026, filed 15 May 2026.