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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
Capstone Investment Advisors
276
Capstone Investment Advisors
New York
$4.24M +$2.97M +22,694 +165%
Rockefeller Capital Management
277
Rockefeller Capital Management
New York
$4.17M -$370K -2,823 -7%
EAM
278
Eschler Asset Management
United Kingdom
$4.16M +$4.69M +35,764 New
OC
279
Optimas Capital
Hong Kong
$4.14M +$4.67M +35,634 New
NEI
280
Northwest & Ethical Investments
Ontario, Canada
$4.05M -$1.8M -13,720 -28%
II
281
IFM Investors
Australia
$4.01M – – –
AI
282
Axiom Investors
Connecticut
$4M -$36.2M -276,376 -89%
Cetera Investment Advisers
283
Cetera Investment Advisers
Illinois
$3.99M +$4.49M +34,299 New
VanEck Associates
284
VanEck Associates
New York
$3.99M +$2.38M +18,178 +113%
YCM
285
Yousif Capital Management
Michigan
$3.88M -$60.3K -460 -1%
SAM
286
Shell Asset Management
Netherlands
$3.87M -$523K -3,990 -12%
CGH
287
Crossmark Global Holdings
Texas
$3.78M +$17.2K +131 +0.4%
WC
288
Wexford Capital
Florida
$3.76M +$4.24M +32,371 New
KI
289
Keystone Investors
Singapore
$3.74M -$90.4M -689,847 -96%
Pacer Advisors
290
Pacer Advisors
Pennsylvania
$3.67M +$43K +328 +1%
YIH
291
Y-Intercept (HK)
Hong Kong
$3.67M +$4.14M +31,575 New
AC
292
AMS Capital
Brazil
$3.66M +$2.29M +17,491 +82%
Wells Fargo
293
Wells Fargo
California
$3.63M -$11.4M -86,635 -73%
MIF
294
Mediolanum International Funds
Ireland
$3.62M +$4.07M +31,030 New
AA
295
ALPS Advisors
Colorado
$3.61M +$598K +4,564 +17%
EDRH
296
Edmond de Rothschild Holding
Switzerland
$3.6M -$4.33M -33,052 -52%
HJIM
297
Henry James International Management
New York
$3.54M +$993K +7,582 +33%
BMSSC
298
B. Metzler seel. Sohn & Co
Germany
$3.41M -$3.17M -24,214 -45%
CC
299
Centiva Capital
New York
$3.37M +$3.8M +28,974 New
Envestnet Asset Management
300
Envestnet Asset Management
Illinois
$3.27M +$922K +7,037 +33%
10 11
12
13 14

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.