Marshall Wace’s Pinduoduo PDD Stock Holding History
Bought
Maintained
Sold
| Quarter | Market Value | Status | Shares |
Change in Stake | Trade Value | Portfolio Weight | Portfolio Position | |
|---|---|---|---|---|---|---|---|---|
|
2026
Q1 | $33M | Sell |
322,585
-4,190,079
| -93% | -$440M | 0.03% | 514 |
|
|
2025
Q4 | $512M | Buy |
4,512,664
+2,158,500
| +92% | +$268M | 0.47% | 28 |
|
|
2025
Q3 | $311M | Buy |
2,354,164
+952,623
| +68% | +$113M | 0.32% | 36 |
|
|
2025
Q2 | $147M | Buy |
1,401,541
+265,424
| +23% | +$27.8M | 0.17% | 106 |
|
|
2025
Q1 | $134M | Buy |
1,136,117
+306,456
| +37% | +$35.2M | 0.17% | 98 |
|
|
2024
Q4 | $80.5M | Sell |
829,661
-958,851
| -54% | -$112M | 0.1% | 196 |
|
|
2024
Q3 | $241M | Sell |
1,788,512
-316,823
| -15% | -$38.9M | 0.29% | 49 |
|
|
2024
Q2 | $280M | Sell |
2,105,335
-487,551
| -19% | -$66M | 0.37% | 36 |
|
|
2024
Q1 | $301M | Sell |
2,592,886
-107,620
| -4% | -$14.1M | 0.46% | 30 |
|
|
2023
Q4 | $395M | Buy |
2,700,506
+2,223,140
| +466% | +$270M | 0.67% | 21 |
|
|
2023
Q3 | $46.8M | Sell |
477,366
-1,056,422
| -69% | -$91M | 0.09% | 219 |
|
|
2023
Q2 | $106M | Buy |
1,533,788
+560,791
| +58% | +$38.5M | 0.21% | 96 |
|
|
2023
Q1 | $73.9M | Sell |
972,997
-1,910,500
| -66% | -$173M | 0.16% | 138 |
|
|
2022
Q4 | $235M | Sell |
2,883,497
-615,858
| -18% | -$42.9M | 0.53% | 24 |
|
|
2022
Q3 | $219M | Buy |
3,499,355
+891,752
| +34% | +$51.8M | 0.48% | 22 |
|
|
2022
Q2 | $161M | Sell |
2,607,603
-2,448,954
| -48% | -$115M | 0.33% | 53 |
|
|
2022
Q1 | $203M | Buy |
5,056,557
+2,257,338
| +81% | +$116M | 0.38% | 40 |
|
|
2021
Q4 | $163M | Buy |
2,799,219
+2,656,840
| +1,866% | +$210M | 0.3% | 51 |
|
|
2021
Q3 | $12.9M | Buy |
142,379
+6,895
| +5% | +$671K | 0.05% | 425 |
|
|
2021
Q2 | $17.2M | Buy |
135,484
+78,751
| +139% | +$10.2M | 0.08% | 280 |
|
|
2021
Q1 | $7.59M | Sell |
56,733
-115,526
| -67% | -$19.5M | 0.03% | 595 |
|
|
2020
Q4 | $30.6M | Buy |
172,259
+43,829
| +34% | +$5.24M | 0.17% | 124 |
|
|
2020
Q3 | $9.52M | Buy |
128,430
+8,702
| +7% | +$746K | 0.06% | 316 |
|
|
2020
Q2 | $10.3M | Buy |
119,728
+72,737
| +155% | +$4.38M | 0.07% | 276 |
|
|
2020
Q1 | $1.69M | Buy |
+46,991
| New | +$1.72M | 0.02% | 683 |
|
|
2019
Q4 | – | Sell |
-9,086
| Closed | -$293K | – | 1978 |
|
|
2019
Q3 | $293K | Buy |
+9,086
| New | +$243K | ﹤0.01% | 1209 |
|
|
2019
Q2 | – | Sell |
-1,382
| Closed | -$34K | – | 1723 |
|
|
2019
Q1 | $34K | Sell |
1,382
-9,366
| -87% | -$251K | ﹤0.01% | 1582 |
|
|
2018
Q4 | $241K | Buy |
+10,748
| New | +$227K | ﹤0.01% | 1254 |
|
Other funds holding PDD
VCM
HHII
HH
NI
SUT
Marshall Wace's PDD Position: Q1 2026 in Review
Marshall Wace reduced its Pinduoduo (PDD) stake by 93% in Q1 2026, selling an estimated $440M and leaving 322,585 shares worth $33M. The position accounts for 0.03% of the portfolio, ranked #514.
Marshall Wace first reported a position in PDD in Q4 2018 and has held it in 28 quarters since. The position peaked at $512M in Q4 2025. 563 funds tracked by Wall St. Rank hold PDD as of Q1 2026.
- Marshall Wace held 322,585 shares of Pinduoduo worth $33M as of Q1 2026.
- Marshall Wace sold 4,190,079 Pinduoduo shares in Q1 2026, an estimated $440M.
- Pinduoduo made up 0.03% of Marshall Wace's portfolio in Q1 2026, its #514 holding.
- Marshall Wace first reported a position in Pinduoduo in Q4 2018 and has held it in 28 quarters since.
- Marshall Wace's Pinduoduo position peaked at $512M in Q4 2025.
- 563 funds tracked by Wall St. Rank held Pinduoduo as of Q1 2026.
Based on Marshall Wace's 13F filing for Q1 2026, filed 15 May 2026.