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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
HI
576
Harbour Investments
Wisconsin
$679 – – –
SIS
577
Sound Income Strategies
Florida
$582 – – –
GSWM
578
Golden State Wealth Management
California
$582 +$698 +6 New
BHWM
579
Beaird Harris Wealth Management
Texas
$485 – – –
CFD
580
Creative Financial Designs
Indiana
$485 – – –
ACM
581
Anfield Capital Management
California
$388 +$465 +4 New
CA
582
Clearstead Advisors
Ohio
$388 +$465 +4 New
LCM
583
Logan Capital Management
Pennsylvania
$291 +$349 +3 New
HNW
584
High Note Wealth
Minnesota
$194 +$233 +2 New
VHAM
585
Van Hulzen Asset Management
California
$194 +$233 +2 New
CAS
586
Coppell Advisory Solutions
Texas
$189 +$233 +2 New
Arrowstreet Capital
587
Arrowstreet Capital
Massachusetts
– -$182M -9,477,455 Closed
William Blair Investment Management
588
William Blair Investment Management
Illinois
– -$128M -949,976 Closed
SM
589
SCGE Management
California
– -$112M -830,000 Closed
Simplex Trading
590
Simplex Trading
Illinois
– -$82.6M -710,095 Closed
TIAM
591
TT International Asset Management
United Kingdom
– -$74.4M -552,116 Closed
SCM
592
Steadfast Capital Management
New York
– -$73M -541,300 Closed
DCP
593
D1 Capital Partners
New York
– -$51.8M -384,000 Closed
FFM
594
Fullerton Fund Management
Singapore
– -$35.8M -265,821 Closed
OCMH
595
Oxbow Capital Management (HK)
Hong Kong
– -$33.3M -247,000 Closed
Point72 Asset Management
596
Point72 Asset Management
Connecticut
– -$24.8M -213,242 Closed
HM
597
HCEP Management
Hong Kong
– -$27M -200,000 Closed
CCM
598
CloudAlpha Capital Management
Hong Kong
– -$25.1M -186,000 Closed
ARAM
599
Ardmore Road Asset Management
New York
– -$24.5M -182,000 Closed
MCM
600
Moore Capital Management
New York
– -$21.7M -160,608 Closed
22 23
24
25 26

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.