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Pinduoduo
PDD

577 hedge funds and large institutions have $44.2B invested in Pinduoduo in 2024 Q1 according to their latest regulatory filings, with 99 funds opening new positions, 226 increasing their positions, 202 reducing their positions, and 94 closing their positions.

New
Increased
Maintained
Reduced
Closed

12% more repeat investments, than reductions

Existing positions increased: 226 | Existing positions reduced: 202

2% more funds holding in top 10

Funds holding in top 10: 82 → 84 (+2)

5% more first-time investments, than exits

New positions opened: 99 | Existing positions closed: 94

0.27% less ownership

Funds ownership: 7.79% → 7.52% (-0.27%)

1% less funds holding

Funds holding: 582 → 577 (-5)

20% less call options, than puts

Call options by funds: $3.4B | Put options by funds: $4.26B

23% less capital invested

Capital invested by funds: $57.6B → $44.2B (-$13.4B)

Holders
577
Holders Change
-5
Holders Change %
-0.86%
% of All Funds
8.31%
Holding in Top 10
84
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+2.44%
% of All Funds
1.21%
New
99
Increased
226
Reduced
202
Closed
94
Calls
$3.4B
Puts
$4.26B
Net Calls
-$867M
Net Calls Change
-$1.84B

Top Buyers

1
Goldman Sachs
Goldman Sachs
New York
+$727M
2
Assenagon Asset Management
Assenagon Asset Management
Luxembourg
+$662M
3
Bank of America
Bank of America
North Carolina
+$382M
4
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$312M
5
HA
HHLR Advisors
Cayman Islands
+$220M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$1.47B
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$455M
3
GQG Partners
GQG Partners
Florida
-$421M
4
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
-$417M
5
Jane Street
Jane Street
New York
-$267M
Name Holding Trade Value Shares
Change 		Change in
Stake
PA
226
Profund Advisors
Maryland
$10.2M -$915K -6,987 -7%
CPIM
227
Coalescence Partners Investment Management
New York
$10.2M +$4.47M +34,151 +64%
TAA
228
TB Alternative Assets
Cayman Islands
$10.1M – – –
OPL
229
Orland Properties Ltd
British Virgin Islands
$9.88M – – –
Osaic Holdings
230
Osaic Holdings
Arizona
$9.75M -$2.17M -16,554 -16%
SCM
231
Shelton Capital Management
Colorado
$9.33M +$256K +1,954 +2%
CUAMC
232
China Universal Asset Management Company
China
$9.17M +$3.76M +28,670 +57%
CLGM
233
Capitolis Liquid Global Markets
New York
$8.95M -$786K -6,000 -7%
Thrivent Financial for Lutherans
234
Thrivent Financial for Lutherans
Minnesota
$8.95M +$2.08M +15,889 +26%
SMDAM
235
Sumitomo Mitsui DS Asset Management
Japan
$8.76M -$3.55M -27,125 -26%
IGAM
236
iA Global Asset Management
Quebec, Canada
$8.49M +$585K +4,467 +7%
VOYA Investment Management
237
VOYA Investment Management
Georgia
$8.03M -$32.4M -247,622 -78%
VMPIC
238
Varma Mutual Pension Insurance Co
Finland
$7.95M +$1.97M +15,000 +28%
RAM
239
Ramirez Asset Management
New York
$7.73M -$2.24M -17,066 -20%
CCMT
240
CMT Capital Markets Trading
Germany
$7.58M +$8.55M +65,250 New
FDCDDQ
241
Federation des caisses Desjardins du Quebec
Quebec, Canada
$6.97M +$4.13M +31,510 +137%
LIP
242
Liontrust Investment Partners
United Kingdom
$6.87M +$848K +6,471 +12%
Ensign Peak Advisors
243
Ensign Peak Advisors
Utah
$6.85M +$118K +900 +2%
OWP
244
Old Well Partners
North Carolina
$6.7M -$39.3K -300 -0.5%
AG
245
Artal Group
Luxembourg
$6.57M +$3.14M +24,000 +74%
CTC (Chicago Trading Company)
246
CTC (Chicago Trading Company)
Illinois
$6.3M +$7.1M +54,175 New
Artisan Partners
247
Artisan Partners
Wisconsin
$6.3M +$684K +5,223 +11%
SVI
248
Strategic Vision Investment
Hong Kong
$6.28M +$7.07M +54,000 New
SO
249
STRS Ohio
Ohio
$6.23M +$7.02M +53,599 New
AIG
250
American International Group
New York
$6.2M +$9.7K +74 +0.1%
8 9
10
11 12

PDD Hedge Fund Activity: Q1 2024 in Review

577 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Pinduoduo (PDD) for Q1 2024, worth a combined $44.2B — down 23% from $57.6B a quarter earlier.

Buyers outnumbered sellers: 99 funds opened new PDD positions and 94 closed out — a net gain of 5 holders — while 226 added to existing stakes and 202 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $727M. The largest seller was Morgan Stanley, cutting an estimated $1.47B.

  • 577 institutional investors held Pinduoduo (PDD) as of Q1 2024, down from 582 in Q4 2023.
  • Funds reported $44.2B of Pinduoduo stock for Q1 2024, down 23% quarter-over-quarter.
  • 99 funds opened new Pinduoduo positions in Q1 2024 and 94 closed out, a net change of +5 holders.
  • The largest Pinduoduo buyer in Q1 2024 was Goldman Sachs, an estimated $727M added.
  • The largest Pinduoduo seller in Q1 2024 was Morgan Stanley, an estimated $1.47B sold.

Based on aggregated 13F filings for Q1 2024.