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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
WRCM
51
Whale Rock Capital Management
Massachusetts
$133M -$18.3M -157,057 -10%
Squarepoint
52
Squarepoint
New York
$129M +$76M +653,356 +96%
GFM
53
GF Fund Management
China
$128M +$154M +1,324,803 New
PP
54
Prudential plc
United Kingdom
$127M -$13M -112,033 -8%
BA
55
Bridgewater Associates
Connecticut
$121M -$577K -4,962 -0.4%
KCMH
56
Keywise Capital Management (HK)
Hong Kong
$111M +$65.2K +560 +0%
Pictet Asset Management
57
Pictet Asset Management
Switzerland
$108M -$55.1M -473,749 -30%
First Trust Advisors
58
First Trust Advisors
Illinois
$107M -$3.11M -26,762 -2%
National Bank of Canada
59
National Bank of Canada
Quebec, Canada
$104M -$44.4M -381,957 -26%
Temasek Holdings
60
Temasek Holdings
Singapore
$102M +$109M +935,741 +843%
Artisan Partners
61
Artisan Partners
Wisconsin
$101M +$43.7M +375,586 +56%
California Public Employees Retirement System
62
California Public Employees Retirement System
California
$96.4M -$10.4M -89,077 -8%
Renaissance Technologies
63
Renaissance Technologies
New York
$91.9M +$39.7M +341,300 +56%
IAMH
64
IvyRock Asset Management (HK)
Hong Kong
$90.2M +$10.7M +91,800 +11%
Charles Schwab
65
Charles Schwab
California
$90M +$2.77M +23,772 +3%
Canada Life
66
Canada Life
Manitoba, Canada
$87.3M -$2.95M -25,360 -3%
UBS AM
67
UBS AM
Illinois
$87.2M -$1.42B -12,245,862 -93%
Ameriprise
68
Ameriprise
Minnesota
$86.4M -$33.3M -285,996 -24%
AQR Capital Management
69
AQR Capital Management
Connecticut
$85.7M +$4.08M +35,036 +4%
Citadel Advisors
70
Citadel Advisors
Florida
$81.6M +$5.04M +43,295 +5%
Manulife (Manufacturers Life Insurance)
71
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$80.6M +$2.08M +17,842 +2%
Marshall Wace
72
Marshall Wace
United Kingdom
$80.5M -$112M -958,851 -54%
CRCM
73
Cat Rock Capital Management
Connecticut
$79.8M +$15.4M +132,555 +19%
ProShare Advisors
74
ProShare Advisors
Maryland
$78.4M +$12.2M +104,963 +15%
Wellington Management Group
75
Wellington Management Group
Massachusetts
$76.5M -$11.6M -99,928 -11%
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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.