TRCT
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Tower Research Capital (TRC)’s Pinduoduo PDD Stock Holding History

Tower Research Capital (TRC)’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
Q1 		$4.75M Buy
46,461
+8,137
+21% +$855K 0.12% 162
2025
Q4 		$4.35M Buy
38,324
+29,408
+330% +$3.65M 0.11% 170
2025
Q3 		$1.18M Buy
8,916
+2,282
+34% +$270K 0.03% 461
2025
Q2 		$694K Sell
6,634
-4,179
-39% -$438K 0.02% 736
2025
Q1 		$1.28M Sell
10,813
-28,311
-72% -$3.25M 0.04% 409
2024
Q4 		$3.79M Buy
39,124
+23,929
+157% +$2.78M 0.08% 202
2024
Q3 		$2.05M Sell
15,195
-50,484
-77% -$6.2M 0.05% 274
2024
Q2 		$8.73M Buy
65,679
+41,325
+170% +$5.6M 0.15% 104
2024
Q1 		$2.83M Sell
24,354
-18,874
-44% -$2.47M 0.07% 204
2023
Q4 		$6.32M Buy
43,228
+19,130
+79% +$2.32M 0.08% 214
2023
Q3 		$2.36M Buy
24,098
+11,324
+89% +$976K 0.07% 264
2023
Q2 		$883K Buy
12,774
+744
+6% +$51.1K 0.03% 588
2023
Q1 		$913K Buy
12,030
+96
+0.8% +$8.68K 0.03% 502
2022
Q4 		$973K Sell
11,934
-57,989
-83% -$4.04M 0.04% 385
2022
Q3 		$4.38M Buy
69,923
+34,684
+98% +$2.02M 0.07% 222
2022
Q2 		$2.18M Sell
35,239
-53,508
-60% -$2.51M 0.05% 343
2022
Q1 		$3.56M Buy
88,747
+55,008
+163% +$2.83M 0.03% 399
2021
Q4 		$1.97M Buy
33,739
+15,358
+84% +$1.21M 0.03% 419
2021
Q3 		$1.67M Sell
18,381
-5,304
-22% -$516K 0.04% 314
2021
Q2 		$3.01M Sell
23,685
-1,835
-7% -$239K 0.08% 187
2021
Q1 		$3.42M Buy
25,520
+1,162
+5% +$196K 0.06% 306
2020
Q4 		$4.33M Buy
24,358
+12,695
+109% +$1.52M 0.13% 87
2020
Q3 		$865K Buy
11,663
+159
+1% +$13.6K 0.01% 1120
2020
Q2 		$988K Buy
+11,504
New +$692K 0.04% 535
2020
Q1 		– Sell
-18,673
Closed -$706K – 3673
2019
Q4 		$706K Buy
+18,673
New +$697K 0.06% 186
2019
Q2 		– Sell
-500
Closed -$12K – 4125
2019
Q1 		$12K Buy
+500
New +$13.4K ﹤0.01% 2583

Other funds holding PDD

BlackRock
BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return
Baillie Gifford & Co
Baillie Gifford & Co Edinburgh, United Kingdom $97.9B AUM 20.73% 1-Year Est. Return
VCM
Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM
Invesco
Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return
HHII
H&H International Investment Palo Alto, California $20B AUM 9.66% 1-Year Est. Return
State Street
State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return
HH
HSG Holding Na, Hong Kong $1.62B AUM 5.91% 1-Year Est. Return
Goldman Sachs
Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return
NI
NetEase Inc Hangzhou, China $934M AUM 11.31% 1-Year Est. Return
SUT
SC US (TTGP) Menlo Park, California $9.25B AUM 20.49% 1-Year Est. Return

Tower Research Capital (TRC)'s PDD Position: Q1 2026 in Review

Tower Research Capital (TRC) increased its Pinduoduo (PDD) stake by 21% in Q1 2026, buying an estimated $855K and bringing the position to 46,461 shares worth $4.75M. The position accounts for 0.12% of the portfolio, ranked #162.

Tower Research Capital (TRC) first reported a position in PDD in Q1 2019 and has held it in 26 quarters since. The position peaked at $8.73M in Q2 2024. 563 funds tracked by Wall St. Rank hold PDD as of Q1 2026.

  • Tower Research Capital (TRC) held 46,461 shares of Pinduoduo worth $4.75M as of Q1 2026.
  • Tower Research Capital (TRC) bought 8,137 Pinduoduo shares in Q1 2026, an estimated $855K.
  • Pinduoduo made up 0.12% of Tower Research Capital (TRC)'s portfolio in Q1 2026, its #162 holding.
  • Tower Research Capital (TRC) first reported a position in Pinduoduo in Q1 2019 and has held it in 26 quarters since.
  • Tower Research Capital (TRC)'s Pinduoduo position peaked at $8.73M in Q2 2024.
  • 563 funds tracked by Wall St. Rank held Pinduoduo as of Q1 2026.

Based on Tower Research Capital (TRC)'s 13F filing for Q1 2026, filed 15 May 2026.