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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
Balyasny Asset Management
126
Balyasny Asset Management
Illinois
$38M
Victory Capital Management
127
Victory Capital Management
Texas
$37.8M
MGP
128
M&G plc
United Kingdom
$36.8M
APG Asset Management
129
APG Asset Management
Netherlands
$36.7M
Citadel Advisors
130
Citadel Advisors
Florida
$35.7M
TAM
131
Todd Asset Management
Kentucky
$35.4M
California State Teachers Retirement System (CalSTRS)
132
California State Teachers Retirement System (CalSTRS)
California
$35.1M
MRCP
133
Maple Rock Capital Partners
Ontario, Canada
$34.8M
AIM
134
Alpine Investment Management
Hong Kong
$34.7M
Arrowstreet Capital
135
Arrowstreet Capital
Massachusetts
$34.6M
FG
136
Franchise GP
$34.3M
Handelsbanken Fonder
137
Handelsbanken Fonder
Sweden
$32.8M
Zurich Cantonal Bank
138
Zurich Cantonal Bank
Switzerland
$32.5M
NIM
139
NEOS Investment Management
Connecticut
$31.7M
BCIM
140
British Columbia Investment Management
British Columbia, Canada
$31.2M
Renaissance Technologies
141
Renaissance Technologies
New York
$31.1M
EFMH
142
E Fund Management (HK)
Hong Kong
$30.3M
HC
143
Headwater Capital
China
$29.5M
Ameriprise
144
Ameriprise
Minnesota
$28.7M
ETC
145
Exchange Traded Concepts
Oklahoma
$27.5M
Credit Agricole
146
Credit Agricole
France
$27.2M
KBC Group
147
KBC Group
Belgium
$27.1M
WCM Investment Management
148
WCM Investment Management
California
$26M
VOYA Investment Management
149
VOYA Investment Management
Georgia
$25.5M
CC
150
Carrhae Capital
United Kingdom
$25.2M