USS 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
2026 Q1	$71.3M	Buy	697,636 +322,560	+86%	+$33.9M	0.28%	45
2025 Q4	$42.5M	Sell	375,076 -96,978	-21%	-$12M	0.2%	64
2025 Q3	$62.4M	Buy	472,054 +260,209	+123%	+$30.8M	0.28%	50
2025 Q2	$22.2M	Sell	211,845 -55,308	-21%	-$5.8M	0.13%	100
2025 Q1	$31.6M	Hold	267,153	–	–	0.23%	60
2024 Q4	$25.9M	Sell	267,153 -219,622	-45%	-$25.6M	0.18%	93
2024 Q3	$65.6M	Buy	486,775 +62,984	+15%	+$7.74M	0.48%	38
2024 Q2	$56.3M	Sell	423,791 -51,492	-11%	-$6.97M	0.45%	36
2024 Q1	$55.2M	Buy	475,283 +35,321	+8%	+$4.63M	0.45%	36
2023 Q4	$64.4M	Hold	439,962	–	–	0.57%	31
2023 Q3	$43.2M	Buy	439,962 +34,286	+8%	+$2.95M	0.47%	38
2023 Q2	$28M	Hold	405,676	–	–	0.33%	60
2023 Q1	$30.8M	Sell	405,676 -57,318	-12%	-$5.18M	0.42%	47
2022 Q4	$37.8M	Hold	462,994	–	–	0.53%	35
2022 Q3	$29M	Sell	462,994 -195,898	-30%	-$11.4M	0.42%	44
2022 Q2	$40.7M	Buy	+658,892	New	+$30.9M	0.41%	48
2022 Q1	–	Sell	-257,474	Closed	-$15M	–	723
2021 Q4	$15M	Sell	257,474 -90,232	-26%	-$7.12M	0.11%	176
2021 Q3	$31.5M	Buy	347,706 +113,206	+48%	+$11M	0.27%	86
2021 Q2	$29.8M	Hold	234,500	–	–	0.24%	88
2021 Q1	$31.4M	Sell	234,500 -135,000	-37%	-$22.8M	0.27%	83
2020 Q4	$65.6M	Buy	+369,500	New	+$44.2M	0.6%	47