Pinduoduo
PDD
441 hedge funds and large institutions have $38.8B invested in Pinduoduo in 2021 Q1 according to their latest regulatory filings, with 106 funds opening new positions, 190 increasing their positions, 111 reducing their positions, and 69 closing their positions.
71% more repeat investments, than reductions
Existing positions increased: 190 | Existing positions reduced: 111
54% more first-time investments, than exits
New positions opened: 106 | Existing positions closed: 69
8% more funds holding
Funds holding: 408 → 441 (+33)
0.53% less ownership
Funds ownership: 7.61% → 7.08% (-0.53%)
9% less funds holding in top 10
Funds holding in top 10: 58 → 53 (-5)
19% less capital invested
Capital invested by funds: $47.6B → $38.8B (-$8.83B)
39% less call options, than puts
Call options by funds: $2.04B | Put options by funds: $3.32B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$555M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$400M |
| 3 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$368M |
| 4 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$253M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$244M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HSBC Holdings
London,
United Kingdom
|
-$1.65B |
| 2 |
ACM
Altimeter Capital Management
Boston,
Massachusetts
|
-$1.37B |
| 3 |
Renaissance Technologies
New York
|
-$755M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$456M |
| 5 |
DVF
Discovery Value Fund
Singapore
|
-$409M |
PDD Hedge Fund Activity: Q1 2021 in Review
441 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Pinduoduo (PDD) for Q1 2021, worth a combined $38.8B — down 19% from $47.6B a quarter earlier.
Buyers outnumbered sellers: 106 funds opened new PDD positions and 69 closed out — a net gain of 37 holders — while 190 added to existing stakes and 111 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $555M. The largest seller was HSBC Holdings, cutting an estimated $1.65B.
- 441 institutional investors held Pinduoduo (PDD) as of Q1 2021, up from 408 in Q4 2020.
- Funds reported $38.8B of Pinduoduo stock for Q1 2021, down 19% quarter-over-quarter.
- 106 funds opened new Pinduoduo positions in Q1 2021 and 69 closed out, a net change of +37 holders.
- The largest Pinduoduo buyer in Q1 2021 was Morgan Stanley, an estimated $555M added.
- The largest Pinduoduo seller in Q1 2021 was HSBC Holdings, an estimated $1.65B sold.
Based on aggregated 13F filings for Q1 2021.