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Pinduoduo
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Overview Fund Activity

521 hedge funds and large institutions have $42.5B invested in Pinduoduo in 2025 Q2 according to their latest regulatory filings, with 73 funds opening new positions, 194 increasing their positions, 194 reducing their positions, and 111 closing their positions.

Holders
521
Holders Change
-54
Holders Change %
-9.39%
% of All Funds
7%
Holding in Top 10
65
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-4.41%
% of All Funds
0.87%
New
73
Increased
194
Reduced
194
Closed
111
Calls
$3.88B
Puts
$4.36B
Net Calls
-$481M
Net Calls Change
-$2.01B

Top Buyers

1
Norges Bank
1
Norges Bank
Norway
$963M
2
HCM
2
Himalaya Capital Management
Washington
$482M
3
Goldman Sachs
3
Goldman Sachs
New York
$1.06B
4
NI
4
NetEase Inc
China
$372M
5
OAG
5
Orbis Allan Gray
Bermuda
$591M

Top Sellers

1
Mirae Asset Global Investments
1
Mirae Asset Global Investments
South Korea
$36.5M
2
Fidelity Investments
2
Fidelity Investments
Massachusetts
$1.56B
3
Baillie Gifford & Co
3
Baillie Gifford & Co
United Kingdom
$3.6B
4
Tiger Global Management
4
Tiger Global Management
New York
$0
5
Fidelity International
5
Fidelity International
Bermuda
$372M
Name Market Value Shares Shares
Change 		Shares
Change %
Baillie Gifford & Co
1
Baillie Gifford & Co
United Kingdom
$3.6B 34,372,712 -5,674,566 -14%
BlackRock
2
BlackRock
New York
$3.49B 33,298,741 -101,564 -0.3%
Vanguard Group
3
Vanguard Group
Pennsylvania
$3.35B 32,035,725 +2,956,249 +10%
Fidelity Investments
4
Fidelity Investments
Massachusetts
$1.56B 14,933,065 -12,677,951 -46%
HH
5
HSG Holding
Hong Kong
$1.42B 13,595,995 – –
State Street
6
State Street
Massachusetts
$1.23B 11,728,573 +193,818 +2%
SUT
7
SC US (TTGP)
California
$1.11B 10,592,635 – –
Goldman Sachs
8
Goldman Sachs
New York
$1.06B 10,131,776 +4,210,553 +71%
UBS AM
9
UBS AM
Illinois
$967M 9,239,441 +253,472 +3%
Norges Bank
10
Norges Bank
Norway
$963M 9,199,172 +9,199,172 New
HHII
11
H&H International Investment
California
$907M 8,662,694 +908,794 +12%
Sanders Capital
12
Sanders Capital
Florida
$892M 8,526,610 +1,508,445 +21%
Morgan Stanley
13
Morgan Stanley
New York
$851M 8,135,809 +1,969,081 +32%
Assenagon Asset Management
14
Assenagon Asset Management
Luxembourg
$774M 7,394,211 +2,573,065 +53%
HA
15
HHLR Advisors
Cayman Islands
$730M 6,976,804 +414,228 +6%
Geode Capital Management
16
Geode Capital Management
Massachusetts
$647M 6,226,538 +240,627 +4%
OAG
17
Orbis Allan Gray
Bermuda
$591M 5,647,728 +3,250,416 +136%
FBIL
18
First Beijing Investment Ltd
Hong Kong
$584M 5,577,852 +1,720,629 +45%
BNP Paribas Financial Markets
19
BNP Paribas Financial Markets
France
$572M 5,464,091 +123,457 +2%
T. Rowe Price Associates
20
T. Rowe Price Associates
Maryland
$527M 5,037,525 -1,874,107 -27%
KFA
21
Krane Funds Advisors
New York
$512M 4,891,438 -144,951 -3%
JPMorgan Chase & Co
22
JPMorgan Chase & Co
New York
$497M 4,750,564 -1,818,514 -28%
HCM
23
Himalaya Capital Management
Washington
$482M 4,608,000 +4,608,000 New
Legal & General Group
24
Legal & General Group
United Kingdom
$468M 4,469,979 +214,910 +5%
HSBC Holdings
25
HSBC Holdings
United Kingdom
$454M 4,325,013 +476,590 +12%
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