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Punch Card Management’s Pinduoduo PDD Stock Holding History

Punch Card Management’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
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

Punch Card Management's PDD Position: Q2 2026 in Review

Punch Card Management 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.

Punch Card Management 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. 510 funds tracked by Wall St. Rank hold PDD as of Q2 2026.

  • Punch Card Management held 415,004 shares of Pinduoduo worth $31.7M as of Q2 2026.
  • Punch Card Management left its Pinduoduo share count unchanged in Q2 2026.
  • Pinduoduo made up 12.37% of Punch Card Management's portfolio in Q2 2026, its #3 holding.
  • Punch Card Management first reported a position in Pinduoduo in Q4 2024 and has held it in 7 quarters since.
  • Punch Card Management's Pinduoduo position peaked at $54.9M in Q3 2025.
  • 510 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.