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Pinduoduo
PDD

Overview Fund Activity

575 hedge funds and large institutions have $48.1B invested in Pinduoduo in 2025 Q1 according to their latest regulatory filings, with 99 funds opening new positions, 223 increasing their positions, 180 reducing their positions, and 95 closing their positions.

New
Increased
Maintained
Reduced
Closed
Holders
575
Holders Change
-5
Holders Change %
-0.86%
% of All Funds
7.81%
Holding in Top 10
68
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-6.85%
% of All Funds
0.92%
New
99
Increased
223
Reduced
180
Closed
95
Calls
$7.04B
Puts
$5.52B
Net Calls
+$1.53B
Net Calls Change
+$145M

Top Buyers

1
UBS AM
1
UBS AM
Illinois
$1.06B
2
HA
2
HHLR Advisors
Cayman Islands
$777M
3
OAG
3
Orbis Allan Gray
Bermuda
$284M
4
KFA
4
Krane Funds Advisors
New York
$596M
5
Fidelity Investments
5
Fidelity Investments
Massachusetts
$3.27B

Top Sellers

1
Morgan Stanley
1
Morgan Stanley
New York
$730M
2
UBS Group
2
UBS Group
Switzerland
$364M
3
JPMorgan Chase & Co
3
JPMorgan Chase & Co
New York
$777M
4
WRCM
4
Whale Rock Capital Management
Massachusetts
$23.6M
5
DIG
5
Dragoneer Investment Group
California
$540M
Name Holding Trade Value Shares
Change 		Shares
Change %
Legal & General Group
26
Legal & General Group
United Kingdom
$504M +$6.2M +52,398 +1%
SIM
27
SRS Investment Management
New York
$481M – – –
HSBC Holdings
28
HSBC Holdings
United Kingdom
$457M -$52.1M -438,985 -10%
FBIL
29
First Beijing Investment Ltd
Hong Kong
$457M +$10.8M +91,414 +2%
EFM
30
E Fund Management
China
$411M -$95M -802,310 -19%
Northern Trust
31
Northern Trust
Illinois
$379M -$3.68M -31,082 -1%
UBS Group
32
UBS Group
Switzerland
$364M -$231M -1,948,759 -39%
Deutsche Bank
33
Deutsche Bank
Germany
$351M +$87.9M +742,925 +33%
Dimensional Fund Advisors
34
Dimensional Fund Advisors
Texas
$341M +$25.1M +212,040 +8%
Capital International Investors
35
Capital International Investors
California
$325M +$23.9M +202,230 +8%
ICVCFIA
36
IDG China Venture Capital Fund IV Associates
Hong Kong
$311M -$33.1M -279,448 -10%
Bank of America
37
Bank of America
North Carolina
$304M +$43.3M +365,986 +17%
CTEF
38
Capital Today Evergreen Fund
Cayman Islands
$295M – – –
OAG
39
Orbis Allan Gray
Bermuda
$284M +$272M +2,299,659 +2,355%
Robeco Institutional Asset Management
40
Robeco Institutional Asset Management
Netherlands
$280M +$26M +219,865 +10%
Schroder Investment Management Group
41
Schroder Investment Management Group
United Kingdom
$228M -$13.9M -117,245 -6%
TC
42
Triata Capital
Hong Kong
$219M +$140M +1,179,424 +176%
BA
43
Bridgewater Associates
Connecticut
$206M +$58.7M +495,819 +40%
PIF
44
Public Investment Fund
Saudi Arabia
$202M – – –
Sumitomo Mitsui Trust Group
45
Sumitomo Mitsui Trust Group
Japan
$201M +$4.64M +39,242 +2%
Bank of New York Mellon
46
Bank of New York Mellon
New York
$200M -$16.6M -140,288 -8%
Swiss National Bank
47
Swiss National Bank
Switzerland
$187M +$592K +5,000 +0.3%
Barclays
48
Barclays
United Kingdom
$185M -$37.1M -313,836 -17%
PAMI
49
Perseverance Asset Management International
Cayman Islands
$179M -$15.7M -132,662 -8%
NL
50
Nuveen LLC
North Carolina
$169M +$169M +1,428,261 New
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