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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
VAM
301
Veritas Asset Management
United Kingdom
$2.31M -$224K -1,924 -7%
LFM
302
LGT Fund Management
Liechtenstein
$2.28M +$2.74M +23,523 New
A
303
AustralianSuper
Australia
$2.21M +$785K +6,748 +42%
State of New Jersey Common Pension Fund D
304
State of New Jersey Common Pension Fund D
New Jersey
$2.21M +$548K +4,709 +26%
FFM
305
FengHe Fund Management
Singapore
$2.07M +$2.48M +21,300 New
AIP
306
Ameritas Investment Partners
Nebraska
$2.06M +$134K +1,153 +6%
Two Sigma Investments
307
Two Sigma Investments
New York
$1.95M -$931 -8 -0%
YC
308
Yarbrough Capital
Tennessee
$1.94M +$2.33M +20,025 New
Toronto Dominion Bank
309
Toronto Dominion Bank
Ontario, Canada
$1.93M +$1.21M +10,434 +110%
Group One Trading
310
Group One Trading
Illinois
$1.93M +$2.31M +19,860 New
ETC
311
Exchange Traded Concepts
Oklahoma
$1.83M +$2.2M +18,903 New
CMTU
312
Capital Markets Trading (UK)
United Kingdom
$1.83M +$58.2K +500 +3%
AFA
313
Abacus FCF Advisors
Florida
$1.83M +$2.19M +18,840 New
DB
314
Danske Bank
Denmark
$1.78M -$12.6M -108,491 -86%
QI
315
Qtron Investments
Massachusetts
$1.76M – – –
Commonwealth Equity Services
316
Commonwealth Equity Services
Massachusetts
$1.76M -$825K -7,089 -28%
CCMT
317
CMT Capital Markets Trading
Germany
$1.74M +$897K +7,709 +76%
NEI
318
Northwest & Ethical Investments
Ontario, Canada
$1.73M +$232K +1,996 +13%
RCM
319
Ratan Capital Management
Florida
$1.72M – – –
BAMF
320
BI Asset Management Fondsmaeglerselskab
Denmark
$1.72M -$6.98M -59,964 -77%
OFA
321
Oaktree Fund Advisors
California
$1.71M -$279K -2,400 -12%
BS
322
Banco Santander
Spain
$1.71M +$783K +6,727 +62%
M&T Bank
323
M&T Bank
New York
$1.7M +$202K +1,740 +11%
Northwestern Mutual Wealth Management
324
Northwestern Mutual Wealth Management
Wisconsin
$1.68M +$1.7M +14,648 +548%
EDRH
325
Edmond de Rothschild Holding
Switzerland
$1.65M -$2.01M -17,280 -50%
11 12
13
14 15

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.