Norges Bank
PDD icon

Norges Bank’s Pinduoduo PDD Stock Holding History

Norges Bank’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 		$712M Buy
+9,338,120
New +$863M 0.07% 240
2026
Q1 		– Sell
-9,396,292
Closed -$1.07B – 1002
2025
Q4 		$1.07B Buy
+9,396,292
New +$1.17B 0.11% 152
2025
Q3 		– Sell
-9,199,172
Closed -$963M – 1119
2025
Q2 		$963M Buy
9,199,172
+1,108,130
+14% +$116M 0.12% 160
2025
Q1 		$958M Sell
8,091,042
-283,490
-3% -$32.5M 0.13% 147
2024
Q4 		$812M Sell
8,374,532
-983,677
-11% -$114M 0.11% 172
2024
Q3 		$1.26B Sell
9,358,209
-973,064
-9% -$120M 0.18% 107
2024
Q2 		$1.37B Buy
10,331,273
+3,192,553
+45% +$432M 0.21% 88
2024
Q1 		$830M Sell
7,138,720
-209,872
-3% -$27.5M 0.13% 157
2023
Q4 		$1.08B Buy
7,348,592
+183,785
+3% +$22.3M 0.19% 104
2023
Q3 		$703M Buy
7,164,807
+1,134,697
+19% +$97.8M 0.14% 142
2023
Q2 		$417M Sell
6,030,110
-441,653
-7% -$30.3M 0.08% 225
2023
Q1 		$491M Buy
6,471,763
+327,205
+5% +$29.6M 0.11% 183
2022
Q4 		$501M Sell
6,144,558
-303,918
-5% -$21.2M 0.12% 176
2022
Q3 		$404M Buy
6,448,476
+1,657,316
+35% +$96.3M 0.11% 185
2022
Q2 		$296M Buy
4,791,160
+334,642
+8% +$15.7M 0.08% 245
2022
Q1 		$179M Sell
4,456,518
-115,000
-3% -$5.91M 0.04% 414
2021
Q4 		$267M Buy
4,571,518
+190,703
+4% +$15M 0.05% 324
2021
Q3 		$397M Sell
4,380,815
-67,060
-2% -$6.52M 0.09% 226
2021
Q2 		$565M Buy
4,447,875
+730,436
+20% +$94.9M 0.12% 164
2021
Q1 		$498M Buy
3,717,439
+7,830
+0.2% +$1.32M 0.11% 173
2020
Q4 		$659M Sell
3,709,609
-94,247
-2% -$11.3M 0.15% 124
2020
Q3 		$282M Buy
3,803,856
+20,994
+0.6% +$1.8M 0.07% 241
2020
Q2 		$325M Buy
3,782,862
+1,951,099
+107% +$117M 0.09% 196
2020
Q1 		$66M Sell
1,831,763
-32,125
-2% -$1.17M 0.02% 579
2019
Q4 		$70.5M Buy
1,863,888
+86,143
+5% +$3.22M 0.02% 704
2019
Q3 		$57.3M Sell
1,777,745
-57,322
-3% -$1.53M 0.02% 791
2019
Q2 		$37.9M Buy
1,835,067
+451,036
+33% +$9.77M 0.01% 1058
2019
Q1 		$34.3M Buy
+1,384,031
New +$37.1M 0.01% 1120

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
HHII
H&H International Investment Palo Alto, California $19.1B AUM 27.41% 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
Goldman Sachs
Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return
HH
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
State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return
NI
NetEase Inc Hangzhou, China $765M AUM 24.08% 1-Year Est. Return

Norges Bank's PDD Position: Q2 2026 in Review

Norges Bank opened a new position in Pinduoduo (PDD) in Q2 2026: 9,338,120 shares worth $712M. The stake represents 0.07% of the portfolio and ranks #240 among its holdings. This is a return to the name: Norges Bank previously reported a position in PDD as recently as Q4 2025.

Norges Bank first reported a position in PDD in Q1 2019 and has held it in 28 quarters since. The position peaked at $1.37B in Q2 2024. 509 funds tracked by Wall St. Rank hold PDD as of Q2 2026.

  • Norges Bank held 9,338,120 shares of Pinduoduo worth $712M as of Q2 2026.
  • Pinduoduo was a new Norges Bank position in Q2 2026.
  • Pinduoduo made up 0.07% of Norges Bank's portfolio in Q2 2026, its #240 holding.
  • Norges Bank first reported a position in Pinduoduo in Q1 2019 and has held it in 28 quarters since.
  • Norges Bank's Pinduoduo position peaked at $1.37B in Q2 2024.
  • 509 funds tracked by Wall St. Rank held Pinduoduo as of Q2 2026.

Based on Norges Bank's 13F filing for Q2 2026, filed 12 Aug 2026.