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Pinduoduo
PDD

586 hedge funds and large institutions have $39.5B invested in Pinduoduo in 2024 Q4 according to their latest regulatory filings, with 114 funds opening new positions, 194 increasing their positions, 224 reducing their positions, and 118 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more call options, than puts

Call options by funds: $6.19B | Put options by funds: $4.81B

0.42% less ownership

Funds ownership: 7.63% → 7.21% (-0.42%)

3% less first-time investments, than exits

New positions opened: 114 | Existing positions closed: 118

2% less funds holding

Funds holding: 600 → 586 (-14)

8% less funds holding in top 10

Funds holding in top 10: 79 → 73 (-6)

13% less repeat investments, than reductions

Existing positions increased: 194 | Existing positions reduced: 224

29% less capital invested

Capital invested by funds: $55.8B → $39.5B (-$16.3B)

Holders
586
Holders Change
-14
Holders Change %
-2.33%
% of All Funds
7.72%
Holding in Top 10
73
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-7.59%
% of All Funds
0.96%
New
114
Increased
194
Reduced
224
Closed
118
Calls
$6.19B
Puts
$4.81B
Net Calls
+$1.38B
Net Calls Change
-$2.34B

Top Buyers

1
Sanders Capital
Sanders Capital
Florida
+$600M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$544M
3
Fidelity International
Fidelity International
Bermuda
+$390M
4
HHII
H&H International Investment
California
+$386M
5
Tiger Global Management
Tiger Global Management
New York
+$306M

Top Sellers

1
UBS AM
UBS AM
Illinois
-$1.42B
2
TC
Tairen Capital
Hong Kong
-$559M
3
Goldman Sachs
Goldman Sachs
New York
-$321M
4
Coatue Management
Coatue Management
New York
-$280M
5
HA
HHLR Advisors
Cayman Islands
-$237M
Name Holding Trade Value Shares
Change 		Change in
Stake
GQG Partners
251
GQG Partners
Florida
$5.04M +$6.05M +52,012 New
Wells Fargo
252
Wells Fargo
California
$5.03M -$31M -266,583 -84%
CF
253
Corebridge Financial
Texas
$4.96M +$7.79K +67 +0.1%
DnB Asset Management
254
DnB Asset Management
Norway
$4.95M +$281K +2,417 +5%
LSA
255
Leonteq Securities AG
Switzerland
$4.91M +$4.48M +38,495 +317%
VanEck Associates
256
VanEck Associates
New York
$4.91M -$9.84M -84,548 -63%
BMSSC
257
B. Metzler seel. Sohn & Co
Germany
$4.88M +$969K +8,325 +20%
EOJOAM
258
E. Ohman J:or Asset Management
Sweden
$4.87M -$372K -3,200 -6%
HAM
259
Honeycomb Asset Management
New York
$4.85M +$5.82M +50,000 New
Verition Fund Management
260
Verition Fund Management
Connecticut
$4.84M -$3.57M -30,644 -38%
SMDAM
261
Sumitomo Mitsui DS Asset Management
Japan
$4.79M -$3.1M -26,686 -35%
LSERS
262
Louisiana State Employees Retirement System
Louisiana
$4.73M -$256K -2,200 -4%
YIH
263
Y-Intercept (HK)
Hong Kong
$4.69M +$5.62M +48,305 New
SC
264
Seldon Capital
California
$4.68M – – –
NIM
265
NEOS Investment Management
Connecticut
$4.54M +$918K +7,892 +20%
OSAM
266
O'Shaughnessy Asset Management
Connecticut
$4.24M +$60.3K +518 +1%
Walleye Capital
267
Walleye Capital
New York
$4.17M -$7.27M -62,457 -59%
CGI
268
Comgest Global Investors
France
$4.14M +$1.21M +10,429 +32%
VFO
269
Virtus Family Office
Texas
$4.1M +$4.92M +42,289 New
MIC
270
Maxi Investments CY
Cyprus
$4.02M -$378K -3,247 -7%
Thrivent Financial for Lutherans
271
Thrivent Financial for Lutherans
Minnesota
$4.01M +$2.01M +17,286 +72%
ASI
272
All-Stars Investment
Hong Kong
$3.93M -$7.63M -65,600 -62%
YRHAM
273
Yong Rong (HK) Asset Management
Hong Kong
$3.88M -$9.21M -79,200 -66%
TRCT
274
Tower Research Capital (TRC)
New York
$3.79M +$2.78M +23,929 +157%
OMC
275
Oasis Management Company
Cayman Islands
$3.72M +$4.46M +38,355 New
9 10
11
12 13

PDD Hedge Fund Activity: Q4 2024 in Review

586 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Pinduoduo (PDD) for Q4 2024, worth a combined $39.5B — down 29% from $55.8B a quarter earlier.

Sellers outnumbered buyers: 118 funds closed out of PDD and 114 opened new positions — a net loss of 4 holders — while 224 trimmed existing stakes and 194 added.

The largest buyer was Sanders Capital, opening a new position worth an estimated $600M. The largest seller was UBS AM, cutting an estimated $1.42B.

  • 586 institutional investors held Pinduoduo (PDD) as of Q4 2024, down from 600 in Q3 2024.
  • Funds reported $39.5B of Pinduoduo stock for Q4 2024, down 29% quarter-over-quarter.
  • 114 funds opened new Pinduoduo positions in Q4 2024 and 118 closed out, a net change of -4 holders.
  • The largest Pinduoduo buyer in Q4 2024 was Sanders Capital, an estimated $600M added.
  • The largest Pinduoduo seller in Q4 2024 was UBS AM, an estimated $1.42B sold.

Based on aggregated 13F filings for Q4 2024.