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Pinduoduo

570 hedge funds and large institutions have $47.9B invested in Pinduoduo in 2025 Q4 according to their latest regulatory filings, with 99 funds opening new positions, 231 increasing their positions, 173 reducing their positions, and 72 closing their positions.

New
Increased
Maintained
Reduced
Closed

more first-time investments, than exits

New positions opened: | Existing positions closed:

more repeat investments, than reductions

Existing positions increased: | Existing positions reduced:

more funds holding

Funds holding:

more ownership

Funds ownership:

5% less funds holding in top 10

Funds holding in top 10: 6562 (-3)

11% less capital invested

Capital invested by funds: $53.9B → $47.9B (-$6B)

15% less call options, than puts

Call options by funds: $5.08B | Put options by funds: $5.95B

Holders
570
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
62
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$5.08B
Puts
$5.95B
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
MAM
101
Maytree Asset Management
Hong Kong
$58.2M
CLC
102
Charles-Lim Capital
Hong Kong
$56.7M
BNP Paribas Asset Management
103
BNP Paribas Asset Management
France
$56.6M
KM
104
Kora Management
New York
$55.6M
Manulife (Manufacturers Life Insurance)
105
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$55M
SEI Investments
106
SEI Investments
Pennsylvania
$51M
CRCM
107
Cat Rock Capital Management
Connecticut
$50.5M
PEAK6
108
PEAK6
Illinois
$49.3M
Mackenzie Financial
109
Mackenzie Financial
Ontario, Canada
$47.9M
HFM
110
Harvest Fund Management
China
$47.9M
PCM
111
Punch Card Management
Florida
$47.1M
Public Sector Pension Investment Board (PSP Investments)
112
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$47M
CII
113
Capital International Inc
California
$46.4M
OCBCO
114
Oversea-Chinese Banking Corp (OCBC)
Singapore
$45.4M
CC
115
Centiva Capital
New York
$45.4M
Nomura Holdings
116
Nomura Holdings
Japan
$43.6M
Millennium Management
117
Millennium Management
New York
$43.4M
PCMH
118
Polymer Capital Management (HK)
Hong Kong
$42.9M
UIM
119
USS Investment Management
United Kingdom
$42.5M
CCM
120
Causeway Capital Management
California
$42.1M
MICM
121
Matthews International Capital Management
California
$42M
Mirae Asset Global Investments
122
Mirae Asset Global Investments
South Korea
$41.3M
Bank of Montreal
123
Bank of Montreal
Ontario, Canada
$39.8M
IMC Chicago
124
IMC Chicago
Illinois
$39.4M
TAA
125
TB Alternative Assets
Cayman Islands
$38.6M