Wolverine Asset Management’s Pinduoduo PDD Stock Holding History

Wolverine Asset 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
2025 Q4	–	Sell	-1,288	Closed	-$170K	–	1818
2025 Q3	$170K	Buy	1,288 +442	+52%	+$52.3K	﹤0.01%	1040
2025 Q2	$88.5K	Buy	+846	New	+$88.8K	﹤0.01%	1141
2024 Q4	–	Sell	-819	Closed	-$95.3K	–	1762
2024 Q3	$110K	Buy	+819	New	+$101K	﹤0.01%	1097
2024 Q1	–	Sell	-116,993	Closed	-$15.3M	–	1846
2023 Q4	$17.1M	Buy	+116,993	New	+$14.2M	0.15%	169
2023 Q2	–	Sell	-75,000	Closed	-$5.15M	–	1901
2023 Q1	$5.69M	Buy	+75,000	New	+$6.78M	0.07%	303

Other funds holding PDD

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Baillie Gifford & Co Edinburgh, United Kingdom $110B AUM 4.8% 1-Year Est. Return

Invesco Atlanta, Georgia $1.26T AUM 61.52% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

HHII

H&H International Investment Palo Alto, California $19.1B AUM 27.41% 1-Year Est. Return

HHLR Advisors Grand Cayman, Cayman Islands $832M AUM 32.38% 1-Year Est. Return

HSG Holding Na, Hong Kong $1.2B AUM 23.01% 1-Year Est. Return

Norges Bank Oslo, Norway $1T AUM

Wolverine Asset Management's PDD Position: Q4 2025 in Review

Wolverine Asset Management sold out of Pinduoduo (PDD) in Q4 2025, closing a stake of 1,288 shares — an estimated $170K sold.

Wolverine Asset Management first reported a position in PDD in Q1 2023 and held it in 5 quarters. The position peaked at $17.1M in Q4 2023. 574 funds tracked by Wall St. Rank hold PDD as of Q4 2025.

Wolverine Asset Management reported no remaining Pinduoduo position as of Q4 2025 after selling out during the quarter.
Wolverine Asset Management sold 1,288 Pinduoduo shares in Q4 2025, an estimated $170K.
Wolverine Asset Management first reported a position in Pinduoduo in Q1 2023 and held it in 5 quarters.
Wolverine Asset Management's Pinduoduo position peaked at $17.1M in Q4 2023.
574 funds tracked by Wall St. Rank held Pinduoduo as of Q4 2025.

Based on Wolverine Asset Management's 13F filing for Q4 2025, filed 2 Feb 2026.