NetEase Inc’s Pinduoduo PDD Stock Holding History

NetEase Inc’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	$730M	Buy	9,566,480 +700,000	+8%	+$64.7M	95.34%	1
2026 Q1	$906M	Buy	8,866,480 +5,310,992	+149%	+$558M	96.95%	1
2025 Q4	$403M	Hold	3,555,488	–	–	93.24%	1
2025 Q3	$470M	Hold	3,555,488	–	–	94.22%	1
2025 Q2	$372M	Buy	+3,555,488	New	+$373M	93.72%	1

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 23.01% 1-Year Est. Return

HCM

Himalaya Capital Management Seattle, Washington $3.7B AUM 39.18% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

FBIL

First Beijing Investment Ltd Hong Kong $2.44B AUM 18.47% 1-Year Est. Return

NetEase Inc's PDD Position: Q2 2026 in Review

NetEase Inc increased its Pinduoduo (PDD) stake by 7.9% in Q2 2026, buying an estimated $64.7M and bringing the position to 9,566,480 shares worth $730M. The position accounts for 95.34% of the portfolio, ranked #1.

NetEase Inc first reported a position in PDD in Q2 2025 and has held it in 5 quarters since. The position peaked at $906M in Q1 2026. 509 funds tracked by Wall St. Rank hold PDD as of Q2 2026.

NetEase Inc held 9,566,480 shares of Pinduoduo worth $730M as of Q2 2026.
NetEase Inc bought 700,000 Pinduoduo shares in Q2 2026, an estimated $64.7M.
Pinduoduo made up 95.34% of NetEase Inc's portfolio in Q2 2026, its #1 holding.
NetEase Inc first reported a position in Pinduoduo in Q2 2025 and has held it in 5 quarters since.
NetEase Inc's Pinduoduo position peaked at $906M in Q1 2026.
509 funds tracked by Wall St. Rank held Pinduoduo as of Q2 2026.

Based on NetEase Inc's 13F filing for Q2 2026, filed 13 Aug 2026.