Pinduoduo
PDD
408 hedge funds and large institutions have $47.6B invested in Pinduoduo in 2020 Q4 according to their latest regulatory filings, with 155 funds opening new positions, 143 increasing their positions, 88 reducing their positions, and 32 closing their positions.
384% more first-time investments, than exits
New positions opened: 155 | Existing positions closed: 32
175% more capital invested
Capital invested by funds: $17.3B → $47.6B (+$30.3B)
123% more funds holding in top 10
Funds holding in top 10: 26 → 58 (+32)
63% more repeat investments, than reductions
Existing positions increased: 143 | Existing positions reduced: 88
42% more funds holding
Funds holding: 288 → 408 (+120)
0.89% less ownership
Funds ownership: 8.5% → 7.61% (-0.89%)
29% less call options, than puts
Call options by funds: $2.12B | Put options by funds: $2.97B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$707M |
| 2 |
BlackRock
New York
|
+$653M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$465M |
| 4 |
GAM
Greenwoods Asset Management
Grand Cayman,
Cayman Islands
|
+$372M |
| 5 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$316M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$542M |
| 2 |
Goldman Sachs
New York
|
-$310M |
| 3 |
ICVCFIA
IDG China Venture Capital Fund IV Associates
Hong Kong
|
-$162M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$124M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$117M |
PDD Hedge Fund Activity: Q4 2020 in Review
408 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Pinduoduo (PDD) for Q4 2020, worth a combined $47.6B — up 175% from $17.3B a quarter earlier.
Buyers outnumbered sellers: 155 funds opened new PDD positions and 32 closed out — a net gain of 123 holders — while 143 added to existing stakes and 88 trimmed.
The largest buyer was Invesco, adding an estimated $707M. The largest seller was Renaissance Technologies, cutting an estimated $542M.
- 408 institutional investors held Pinduoduo (PDD) as of Q4 2020, up from 288 in Q3 2020.
- Funds reported $47.6B of Pinduoduo stock for Q4 2020, up 175% quarter-over-quarter.
- 155 funds opened new Pinduoduo positions in Q4 2020 and 32 closed out, a net change of +123 holders.
- The largest Pinduoduo buyer in Q4 2020 was Invesco, an estimated $707M added.
- The largest Pinduoduo seller in Q4 2020 was Renaissance Technologies, an estimated $542M sold.
Based on aggregated 13F filings for Q4 2020.