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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
Assenagon Asset Management
26
Assenagon Asset Management
Luxembourg
$371M -$231M -1,982,420 -34%
FBIL
27
First Beijing Investment Ltd
Hong Kong
$365M +$24.6M +211,090 +6%
Invesco
28
Invesco
Georgia
$355M -$117M -1,007,076 -22%
Northern Trust
29
Northern Trust
Illinois
$314M +$243M +2,092,160 +183%
ICVCFIA
30
IDG China Venture Capital Fund IV Associates
Hong Kong
$282M -$20.6M -177,300 -6%
N
31
Nuveen
North Carolina
$279M +$19.8M +170,268 +6%
KFA
32
Krane Funds Advisors
New York
$274M -$56.2M -482,997 -15%
HA
33
HHLR Advisors
Cayman Islands
$265M -$237M -2,036,505 -43%
Dimensional Fund Advisors
34
Dimensional Fund Advisors
Texas
$259M +$21.6M +186,025 +7%
Tiger Global Management
35
Tiger Global Management
New York
$255M +$306M +2,628,681 New
Capital International Investors
36
Capital International Investors
California
$247M +$296M +2,544,833 New
CTEF
37
Capital Today Evergreen Fund
Cayman Islands
$242M +$109M +935,854 +60%
Deutsche Bank
38
Deutsche Bank
Germany
$216M -$156M -1,343,268 -38%
Bank of America
39
Bank of America
North Carolina
$214M -$127M -1,089,487 -33%
Robeco Institutional Asset Management
40
Robeco Institutional Asset Management
Netherlands
$208M -$10M -85,959 -4%
Schroder Investment Management Group
41
Schroder Investment Management Group
United Kingdom
$198M +$47.3M +406,419 +25%
Barclays
42
Barclays
United Kingdom
$182M +$13.5M +115,767 +7%
Bank of New York Mellon
43
Bank of New York Mellon
New York
$177M +$33.4M +286,977 +19%
PIF
44
Public Investment Fund
Saudi Arabia
$165M – – –
Sumitomo Mitsui Trust Group
45
Sumitomo Mitsui Trust Group
Japan
$161M -$2.1M -18,033 -1%
PAMI
46
Perseverance Asset Management International
Cayman Islands
$160M -$13M -111,481 -6%
Swiss National Bank
47
Swiss National Bank
Switzerland
$152M -$407K -3,500 -0.2%
Citigroup
48
Citigroup
New York
$148M +$80.8M +694,575 +84%
Macquarie Group
49
Macquarie Group
Australia
$141M -$6.59M -56,611 -4%
Aberdeen Group
50
Aberdeen Group
United Kingdom
$137M +$18.3M +157,099 +13%
1
2
3 4 5

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.