Matthews International Capital Management’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	$20.3M	Sell	198,922 -171,718	-46%	-$18M	8.25%	3
2025 Q4	$42M	Sell	370,640 -123,162	-25%	-$15.3M	12.76%	1
2025 Q3	$65.3M	Sell	493,802 -6,224	-1%	-$737K	15.2%	1
2025 Q2	$52.3M	Sell	500,026 -132,400	-21%	-$13.9M	12.04%	1
2025 Q1	$74.8M	Sell	632,426 -35,528	-5%	-$4.08M	15.45%	1
2024 Q4	$64.8M	Sell	667,954 -118,165	-15%	-$13.7M	13.24%	1
2024 Q3	$106M	Buy	786,119 +330,635	+73%	+$40.6M	17.45%	1
2024 Q2	$60.6M	Buy	455,484 +94,791	+26%	+$12.8M	13.18%	1
2024 Q1	$41.9M	Sell	360,693 -347,891	-49%	-$45.6M	8.26%	4
2023 Q4	$104M	Sell	708,584 -387,654	-35%	-$47M	14.57%	1
2023 Q3	$108M	Buy	1,096,238 +107,359	+11%	+$9.25M	13%	3
2023 Q2	$68.4M	Sell	988,879 -977,799	-50%	-$67.2M	8.01%	4
2023 Q1	$149M	Sell	1,966,678 -420,270	-18%	-$38M	14.89%	2
2022 Q4	$195M	Sell	2,386,948 -239,555	-9%	-$16.7M	23.01%	1
2022 Q3	$164M	Buy	2,626,503 +1,112,685	+74%	+$64.7M	23.88%	1
2022 Q2	$93.6M	Buy	1,513,818 +97,018	+7%	+$4.55M	13.43%	2
2022 Q1	$56.8M	Buy	1,416,800 +533,300	+60%	+$27.4M	7.87%	4
2021 Q4	$51.5M	Buy	883,500 +293,100	+50%	+$23.1M	5.38%	6
2021 Q3	$53.5M	Buy	+590,400	New	+$57.4M	3.25%	9