Pinduoduo
PDD
106 hedge funds and large institutions have $1.64B invested in Pinduoduo in 2018 Q4 according to their latest regulatory filings, with 50 funds opening new positions, 27 increasing their positions, 22 reducing their positions, and 26 closing their positions.
92% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 26
89% more funds holding in top 10
Funds holding in top 10: 9 → 17 (+8)
29% more funds holding
Funds holding: 82 → 106 (+24)
23% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 22
1.71% more ownership
Funds ownership: 1.51% → 3.23% (+1.7%)
7% less capital invested
Capital invested by funds: $1.76B → $1.64B (-$122M)
41% less call options, than puts
Call options by funds: $23M | Put options by funds: $39.1M
Top Buyers
| 1 |
HSBC Holdings
London,
United Kingdom
|
+$120M |
| 2 |
GAM
Greenwoods Asset Management
Grand Cayman,
Cayman Islands
|
+$73.1M |
| 3 |
Citigroup
New York
|
+$63.9M |
| 4 |
KFA
Krane Funds Advisors
New York
|
+$60.4M |
| 5 |
O
OppenheimerFunds
New York
|
+$49.9M |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VF
126
Virtu Financial
New York
| – | -$622K | -23,676 | Closed |
|
|
VSI
127
Verde Servicos Internacionais
Sao Paulo,
Brazil
| – | -$574K | -21,839 | Closed |
|
|
MSU
128
Mizuho Securities USA
New York
| – | -$528K | -20,100 | Closed |
|
|
GPCM
129
Granite Point Capital Management
Boston,
Massachusetts
| – | -$263K | -10,000 | Closed |
|
|
PI
130
PEAK6 Investments
Chicago,
Illinois
| – | -$93K | -3,521 | Closed |
|
131
Barclays
London,
United Kingdom
| – | -$3K | -103 | Closed |
|
132
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | +$190 | +9 | New |
|
PDD Hedge Fund Activity: Q4 2018 in Review
106 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Pinduoduo (PDD) for Q4 2018, worth a combined $1.64B — down 6.9% from $1.76B a quarter earlier.
Buyers outnumbered sellers: 50 funds opened new PDD positions and 26 closed out — a net gain of 24 holders — while 27 added to existing stakes and 22 trimmed.
The largest buyer was HSBC Holdings, adding an estimated $120M. The largest seller was Capital World Investors, cutting an estimated $158M.
- 106 institutional investors held Pinduoduo (PDD) as of Q4 2018, up from 82 in Q3 2018.
- Funds reported $1.64B of Pinduoduo stock for Q4 2018, down 6.9% quarter-over-quarter.
- 50 funds opened new Pinduoduo positions in Q4 2018 and 26 closed out, a net change of +24 holders.
- The largest Pinduoduo buyer in Q4 2018 was HSBC Holdings, an estimated $120M added.
- The largest Pinduoduo seller in Q4 2018 was Capital World Investors, an estimated $158M sold.
Based on aggregated 13F filings for Q4 2018.