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Pinduoduo

573 hedge funds and large institutions have $47.9B invested in Pinduoduo in 2025 Q4 according to their latest regulatory filings, with 101 funds opening new positions, 230 increasing their positions, 173 reducing their positions, and 73 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more first-time investments, than exits

New positions opened: 101 | Existing positions closed: 73

33% more repeat investments, than reductions

Existing positions increased: 230 | Existing positions reduced: 173

3% more funds holding

Funds holding: 558573 (+15)

1.03% more ownership

Funds ownership: 28.77%29.8% (+1%)

5% less funds holding in top 10

Funds holding in top 10: 6562 (-3)

11% less capital invested

Capital invested by funds: $53.9B → $47.9B (-$6B)

15% less call options, than puts

Call options by funds: $5.08B | Put options by funds: $5.95B

Holders
573
Holders Change
+15
Holders Change %
+2.69%
% of All Funds
6.97%
Holding in Top 10
62
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-4.62%
% of All Funds
0.75%
New
101
Increased
230
Reduced
173
Closed
73
Calls
$5.08B
Puts
$5.95B
Net Calls
-$871M
Net Calls Change
-$1.78B
Name Holding Trade Value Shares
Change
Change in
Stake
Marshall Wace
26
Marshall Wace
United Kingdom
$512M +$268M +2,158,500 +92%
Dodge & Cox
27
Dodge & Cox
California
$503M +$551M +4,439,800 New
UBS Group
28
UBS Group
Switzerland
$470M +$209M +1,682,746 +68%
Legal & General Group
29
Legal & General Group
United Kingdom
$470M -$46.9M -378,036 -8%
Schroder Investment Management Group
30
Schroder Investment Management Group
United Kingdom
$469M +$342M +2,757,844 +200%
GAMH
31
Greenwoods Asset Management (HK)
Hong Kong
$450M +$75.9M +611,306 +18%
NI
32
NetEase Inc
China
$403M
Dimensional Fund Advisors
33
Dimensional Fund Advisors
Texas
$395M +$7.18M +57,813 +2%
T. Rowe Price Associates
34
T. Rowe Price Associates
Maryland
$370M -$262M -2,107,418 -39%
SG Americas Securities
35
SG Americas Securities
New York
$367M +$365M +2,936,676 +974%
Northern Trust
36
Northern Trust
Illinois
$362M -$2.95M -23,743 -0.7%
Mitsubishi UFJ Trust & Banking
37
Mitsubishi UFJ Trust & Banking
Japan
$359M +$80M +644,544 +26%
AMH
38
Aspex Management (HK)
Hong Kong
$353M -$7.8M -62,808 -2%
Bank of America
39
Bank of America
North Carolina
$347M +$39.7M +320,102 +12%
Deutsche Bank
40
Deutsche Bank
Germany
$315M +$9.03M +72,731 +3%
Barclays
41
Barclays
United Kingdom
$302M +$121M +974,416 +58%
TC
42
Triata Capital
Hong Kong
$290M +$1.64M +13,222 +0.5%
PAMI
43
Perseverance Asset Management International
Cayman Islands
$222M +$78.1M +628,857 +47%
DIG
44
Dragoneer Investment Group
California
$208M
Robeco Institutional Asset Management
45
Robeco Institutional Asset Management
Netherlands
$203M +$21.5M +173,068 +11%
AL
46
Appaloosa LP
New Jersey
$201M -$3.1M -25,000 -1%
PP
47
Prudential plc
United Kingdom
$199M +$24.1M +194,192 +12%
ICVCFIA
48
IDG China Venture Capital Fund IV Associates
Hong Kong
$198M -$30.9M -248,967 -12%
N
49
Nuveen
North Carolina
$191M -$7.88M -63,500 -4%
Sumitomo Mitsui Trust Group
50
Sumitomo Mitsui Trust Group
Japan
$191M -$4.64M -37,341 -2%