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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
EAM
626
Erste Asset Management
Austria
– -$2.32M -17,200 Closed
CCMG
627
Clark Capital Management Group
Pennsylvania
– -$2.3M -17,064 Closed
KOCAA
628
Knights of Columbus Asset Advisors
Connecticut
– -$2.23M -16,547 Closed
UM
629
UniSuper Management
Australia
– -$2.18M -16,194 Closed
OC
630
Oppenheimer & Co
New York
– -$2.12M -15,747 Closed
IUHSA
631
Itau Unibanco Holding S.A.
Brazil
– -$1.95M -14,500 Closed
TCIM
632
TOMS Capital Investment Management
New York
– -$1.93M -14,300 Closed
Fiera Capital (Canada)
633
Fiera Capital (Canada)
Quebec, Canada
– -$1.91M -14,180 Closed
DS
634
DRW Securities
Illinois
– -$1.81M -13,397 Closed
XT
635
XTX Topco
Cayman Islands
– -$1.63M -12,062 Closed
VVP
636
Venture Visionary Partners
Ohio
– -$1.59M -11,805 Closed
FGI
637
Foresight Global Investors
New York
– -$1.5M -11,100 Closed
NFG
638
Nations Financial Group
Iowa
– -$1.48M -10,983 Closed
IFG
639
Independent Financial Group
California
– -$1.42M -10,540 Closed
NA
640
Navellier & Associates
Nevada
– -$1.17M -8,687 Closed
HS
641
HighVista Strategies
Massachusetts
– -$1.09M -8,078 Closed
RAM
642
RWC Asset Management
United Kingdom
– -$922K -6,842 Closed
PL
643
Perpetual Ltd
Australia
– -$885K -6,562 Closed
TSW
644
Thompson Siegel & Walmsley
Virginia
– -$885K -6,562 Closed
FRM
645
Fox Run Management
Connecticut
– -$834K -6,183 Closed
Boston Partners
646
Boston Partners
Massachusetts
– -$795K -5,899 Closed
OWP
647
Old Well Partners
North Carolina
– -$782K -5,800 Closed
FTDI
648
First Trust Direct Indexing
Massachusetts
– -$741K -5,496 Closed
SRL
649
Scientech Research LLC
New Jersey
– -$737K -5,470 Closed
PI
650
PFG Investments
New York
– -$705K -5,226 Closed
24 25
26
27 28

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.