Thornburg Investment Management’s Pinduoduo PDD Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q2	–	Sell	-62,498	Closed	-$74M	–	184
2025 Q1	$74M	Sell	62,498 -376	-0.6%	-$43.1K	0.1%	108
2024 Q4	$6.1M	Sell	62,874 -21,241	-25%	-$2.47M	0.08%	132
2024 Q3	$11.3M	Sell	84,115 -98,304	-54%	-$12.1M	0.15%	94
2024 Q2	$24.3M	Buy	182,419 +1,682	+0.9%	+$228K	0.34%	55
2024 Q1	$21M	Sell	180,737 -61,475	-25%	-$8.05M	0.29%	62
2023 Q4	$35.4M	Buy	+242,212	New	+$29.4M	0.51%	38
2021 Q3	–	Sell	-23,227	Closed	-$2.95M	–	218
2021 Q2	$2.95M	Buy	23,227 +4,756	+26%	+$618K	0.03%	166
2021 Q1	$2.47M	Buy	+18,471	New	+$3.12M	0.03%	158