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Pinduoduo
PDD

394 hedge funds and large institutions have $24.7B invested in Pinduoduo in 2021 Q3 according to their latest regulatory filings, with 69 funds opening new positions, 179 increasing their positions, 110 reducing their positions, and 83 closing their positions.

New
Increased
Maintained
Reduced
Closed

63% more repeat investments, than reductions

Existing positions increased: 179 | Existing positions reduced: 110

2% more funds holding in top 10

Funds holding in top 10: 46 → 47 (+1)

0.44% more ownership

Funds ownership: 5% → 5.44% (+0.44%)

5% less funds holding

Funds holding: 414 → 394 (-20)

12% less call options, than puts

Call options by funds: $1.62B | Put options by funds: $1.86B

17% less first-time investments, than exits

New positions opened: 69 | Existing positions closed: 83

22% less capital invested

Capital invested by funds: $31.8B → $24.7B (-$7.12B)

Holders
394
Holders Change
-20
Holders Change %
-4.83%
% of All Funds
6.9%
Holding in Top 10
47
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+2.17%
% of All Funds
0.82%
New
69
Increased
179
Reduced
110
Closed
83
Calls
$1.62B
Puts
$1.86B
Net Calls
-$230M
Net Calls Change
+$497M

Top Buyers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$711M
2
Invesco
Invesco
Georgia
+$377M
3
KFA
Krane Funds Advisors
New York
+$326M
4
AIM
Anatole Investment Management
Hong Kong
+$255M
5
TCM
Tybourne Capital Management
Hong Kong
+$161M

Top Sellers

1
HA
HHLR Advisors
Cayman Islands
-$398M
2
Morgan Stanley
Morgan Stanley
New York
-$183M
3
VAM
Veritas Asset Management
United Kingdom
-$178M
4
TC
Tairen Capital
Hong Kong
-$168M
5
SUT
SC US (TTGP)
California
-$115M
Name Holding Trade Value Shares
Change 		Change in
Stake
Legal & General Group
26
Legal & General Group
United Kingdom
$213M -$11.1M -114,570 -5%
Bank of America
27
Bank of America
North Carolina
$206M +$121M +1,243,916 +120%
SM
28
SCGE Management
California
$196M – – –
EFM
29
E Fund Management
China
$195M +$210M +2,154,867 New
GAMH
30
Greenwoods Asset Management (HK)
Hong Kong
$182M -$59.6M -612,628 -23%
UBS Group
31
UBS Group
Switzerland
$178M +$30.1M +309,365 +19%
BA
32
Bridgewater Associates
Connecticut
$174M +$78M +802,394 +72%
Geode Capital Management
33
Geode Capital Management
Massachusetts
$171M +$16.8M +172,628 +10%
PAMS
34
Pictet Asset Management (Switzerland)
Switzerland
$161M +$173M +1,778,122 New
HH
35
HSG Holding
Hong Kong
$159M -$57.6M -592,105 -25%
CS
36
Credit Suisse
Switzerland
$153M +$47.7M +490,659 +41%
BS
37
Banco Santander
Spain
$152M +$35.9M +368,665 +28%
FC
38
Franchise Capital
Cayman Islands
$143M +$17.9M +183,623 +13%
Millennium Management
39
Millennium Management
New York
$140M +$19M +195,718 +14%
PIF
40
Public Investment Fund
Saudi Arabia
$140M +$150M +1,539,393 New
Deutsche Bank
41
Deutsche Bank
Germany
$133M +$37.8M +388,818 +36%
Northern Trust
42
Northern Trust
Illinois
$129M -$71.7M -737,004 -34%
N
43
Nuveen
North Carolina
$128M +$32.7M +336,453 +31%
PCM
44
Penserra Capital Management
California
$114M -$14.9M -153,547 -11%
Bank of New York Mellon
45
Bank of New York Mellon
New York
$106M +$11.6M +119,355 +11%
Swiss National Bank
46
Swiss National Bank
Switzerland
$97.7M +$1.24M +12,800 +1%
GIM
47
Genesis Investment Management
United Kingdom
$96.5M +$104M +1,064,668 New
MWA
48
Marshall Wace Asia
Hong Kong
$96M +$96.6M +993,521 +1,510%
PAMI
49
Perseverance Asset Management International
Cayman Islands
$92.8M +$33.8M +347,792 +51%
Citadel Advisors
50
Citadel Advisors
Florida
$91.6M -$4.81M -49,508 -5%
1
2
3 4 5

PDD Hedge Fund Activity: Q3 2021 in Review

394 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Pinduoduo (PDD) for Q3 2021, worth a combined $24.7B — down 22% from $31.8B a quarter earlier.

Sellers outnumbered buyers: 83 funds closed out of PDD and 69 opened new positions — a net loss of 14 holders — while 110 trimmed existing stakes and 179 added.

The largest buyer was T. Rowe Price Associates, adding an estimated $711M. The largest seller was HHLR Advisors, cutting an estimated $398M.

  • 394 institutional investors held Pinduoduo (PDD) as of Q3 2021, down from 414 in Q2 2021.
  • Funds reported $24.7B of Pinduoduo stock for Q3 2021, down 22% quarter-over-quarter.
  • 69 funds opened new Pinduoduo positions in Q3 2021 and 83 closed out, a net change of -14 holders.
  • The largest Pinduoduo buyer in Q3 2021 was T. Rowe Price Associates, an estimated $711M added.
  • The largest Pinduoduo seller in Q3 2021 was HHLR Advisors, an estimated $398M sold.

Based on aggregated 13F filings for Q3 2021.