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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
PHK
601
Point72 Hong Kong
Hong Kong
– -$19.1M -141,603 Closed
Teacher Retirement System of Texas
602
Teacher Retirement System of Texas
Texas
– -$18.3M -135,808 Closed
OMC
603
Old Mission Capital
Illinois
– -$18M -133,458 Closed
SSA
604
Schonfeld Strategic Advisors
New York
– -$17.9M -132,498 Closed
ACM
605
Aubrey Capital Management
United Kingdom
– -$16.3M -120,900 Closed
BVC
606
Bright Valley Capital
Hong Kong
– -$12M -103,500 Closed
CCP
607
Clough Capital Partners
Massachusetts
– -$10.4M -77,440 Closed
UOC
608
UBS O'Connor
Illinois
– -$10.4M -77,255 Closed
GAAM
609
Grand Alliance Asset Management
Hong Kong
– -$9.6M -71,230 Closed
DACS
610
Dymon Asia Capital (Singapore)
Singapore
– -$7.74M -57,400 Closed
MME
611
Meag Munich Ergo
Germany
– -$7.35M -54,518 Closed
GCM
612
Goldstream Capital Management
Hong Kong
– -$5.86M -43,477 Closed
IWS
613
Insight Wealth Strategies
California
– -$5.66M -41,974 Closed
BAM
614
BOCHK Asset Management
Hong Kong
– -$5.65M -41,900 Closed
OCM
615
Octahedron Capital Management
California
– -$5.3M -39,300 Closed
JGC
616
J. Goldman & Co
New York
– -$4.45M -33,000 Closed
AIC
617
Anthracite Investment Company
Texas
– -$4.04M -30,000 Closed
TGM
618
Tenzing Global Management
California
– -$3.71M -27,500 Closed
LA
619
LBP AM
France
– -$3.51M -26,000 Closed
ECM
620
ExodusPoint Capital Management
New York
– -$3.21M -23,788 Closed
GC
621
GMT Capital
Georgia
– -$3.15M -23,400 Closed
OC
622
Optimas Capital
Hong Kong
– -$2.91M -21,600 Closed
CF
623
Centaurus Financial
California
– -$2.67M -19,802 Closed
DCM
624
Donaldson Capital Management
Indiana
– -$2.52M -18,708 Closed
FTUS
625
Flow Traders U.S.
New York
– -$2.4M -17,776 Closed
23 24
25
26 27

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.