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Pinduoduo
PDD

186 hedge funds and large institutions have $5.52B invested in Pinduoduo in 2019 Q3 according to their latest regulatory filings, with 48 funds opening new positions, 59 increasing their positions, 61 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

83% more capital invested

Capital invested by funds: $3.01B → $5.52B (+$2.51B)

33% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 36

6% more funds holding

Funds holding: 175 → 186 (+11)

6% more funds holding in top 10

Funds holding in top 10: 16 → 17 (+1)

0.99% more ownership

Funds ownership: 5.67% → 6.65% (+0.99%)

3% less repeat investments, than reductions

Existing positions increased: 59 | Existing positions reduced: 61

54% less call options, than puts

Call options by funds: $157M | Put options by funds: $340M

Holders
186
Holders Change
+11
Holders Change %
+6.29%
% of All Funds
4.08%
Holding in Top 10
17
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+6.25%
% of All Funds
0.37%
New
48
Increased
59
Reduced
61
Closed
36
Calls
$157M
Puts
$340M
Net Calls
-$183M
Net Calls Change
-$20.1M

Top Buyers

1
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
+$382M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$264M
3
SIM
SRS Investment Management
New York
+$150M
4
HA
HHLR Advisors
Cayman Islands
+$105M
5
Renaissance Technologies
Renaissance Technologies
New York
+$94.4M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$110M
2
Goldman Sachs
Goldman Sachs
New York
-$45.4M
3
KCM
Keywise Capital Management
Cayman Islands
-$37.7M
4
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$30.4M
5
WAM
WT Asset Management
Hong Kong
-$27.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
NPCM
51
North Peak Capital Management
New York
$15.2M +$12.6M +470,439 New
Barclays
52
Barclays
United Kingdom
$14.7M -$17.1M -640,867 -58%
AIM
53
ARK Investment Management
Florida
$14.7M -$5.67M -212,309 -32%
Bank of America
54
Bank of America
North Carolina
$13.7M -$24.7M -924,241 -69%
Allianz Asset Management
55
Allianz Asset Management
Germany
$11.9M +$6.49M +242,800 +191%
Two Sigma Investments
56
Two Sigma Investments
New York
$11.7M +$9.73M +364,401 New
CS
57
Candriam SCA
Luxembourg
$11.2M +$1.95M +73,000 +26%
Voloridge Investment Management
58
Voloridge Investment Management
Florida
$9.94M +$8.24M +308,415 New
N
59
Nuveen
North Carolina
$9.17M -$199K -7,436 -3%
PAMU
60
Pictet Asset Management (UK)
United Kingdom
$8.67M -$240K -9,000 -3%
Coatue Management
61
Coatue Management
New York
$8.61M +$7.14M +267,318 New
OTPPB
62
Ontario Teachers' Pension Plan Board
Ontario, Canada
$8.05M -$13.4M -500,000 -67%
First Trust Advisors
63
First Trust Advisors
Illinois
$8M -$735K -27,500 -10%
Invesco
64
Invesco
Georgia
$7.72M -$1.23M -46,052 -16%
CSS
65
Cubist Systematic Strategies
Connecticut
$7M +$4.86M +181,805 +512%
Bank of New York Mellon
66
Bank of New York Mellon
New York
$6.89M +$126K +4,700 +2%
California Public Employees Retirement System
67
California Public Employees Retirement System
California
$6.59M +$3.07M +115,085 +129%
SCM
68
Segantii Capital Management
Hong Kong
$6.58M +$4.16M +155,790 +321%
Citigroup
69
Citigroup
New York
$6.06M -$4.72M -176,705 -48%
PI
70
PineBridge Investments
New York
$6.01M +$590K +22,081 +13%
Mirae Asset Global Investments
71
Mirae Asset Global Investments
South Korea
$5.94M -$768K -28,737 -13%
BNP Paribas Asset Management
72
BNP Paribas Asset Management
France
$5.47M – – –
Canada Life
73
Canada Life
Manitoba, Canada
$4.77M +$665K +24,900 +20%
Fidelity International
74
Fidelity International
Bermuda
$4.76M +$3.95M +147,898 New
Korea Investment Corp
75
Korea Investment Corp
South Korea
$4.58M -$32.1K -1,200 -0.8%
1 2
3
4 5

PDD Hedge Fund Activity: Q3 2019 in Review

186 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Pinduoduo (PDD) for Q3 2019, worth a combined $5.52B — up 83% from $3.01B a quarter earlier.

Buyers outnumbered sellers: 48 funds opened new PDD positions and 36 closed out — a net gain of 12 holders — while 59 added to existing stakes and 61 trimmed.

The largest buyer was Baillie Gifford & Co, adding an estimated $382M. The largest seller was Morgan Stanley, cutting an estimated $110M.

  • 186 institutional investors held Pinduoduo (PDD) as of Q3 2019, up from 175 in Q2 2019.
  • Funds reported $5.52B of Pinduoduo stock for Q3 2019, up 83% quarter-over-quarter.
  • 48 funds opened new Pinduoduo positions in Q3 2019 and 36 closed out, a net change of +12 holders.
  • The largest Pinduoduo buyer in Q3 2019 was Baillie Gifford & Co, an estimated $382M added.
  • The largest Pinduoduo seller in Q3 2019 was Morgan Stanley, an estimated $110M sold.

Based on aggregated 13F filings for Q3 2019.