Norbert Lou’s Pinduoduo PDD Stock Holding History

Norbert Lou’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	$31.7M	Hold	415,004	–	–	12.37%	3
2026 Q1	$42.4M	Hold	415,004	–	–	15.67%	4
2025 Q4	$47.1M	Hold	415,004	–	–	15.64%	4
2025 Q3	$54.9M	Hold	415,004	–	–	17.01%	3
2025 Q2	$43.4M	Buy	415,004 +108,253	+35%	+$11.4M	14.02%	5
2025 Q1	$36.3M	Buy	306,751 +176,751	+136%	+$20.3M	16.76%	3
2024 Q4	$12.6M	Buy	+130,000	New	+$15.1M	4%	3

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

NetEase Inc Hangzhou, China $765M AUM 24.08% 1-Year Est. Return

Norbert Lou's PDD Position: Q2 2026 in Review

Norbert Lou held its Pinduoduo (PDD) position steady in Q2 2026 at 415,004 shares worth $31.7M. The position accounts for 12.37% of the portfolio, ranked #3.

Norbert Lou first reported a position in PDD in Q4 2024 and has held it in 7 quarters since. The position peaked at $54.9M in Q3 2025. 507 funds tracked by Wall St. Rank hold PDD as of Q2 2026.

Norbert Lou held 415,004 shares of Pinduoduo worth $31.7M as of Q2 2026.
Norbert Lou left its Pinduoduo share count unchanged in Q2 2026.
Pinduoduo made up 12.37% of Norbert Lou's portfolio in Q2 2026, its #3 holding.
Norbert Lou first reported a position in Pinduoduo in Q4 2024 and has held it in 7 quarters since.
Norbert Lou's Pinduoduo position peaked at $54.9M in Q3 2025.
507 funds tracked by Wall St. Rank held Pinduoduo as of Q2 2026.

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