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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
GC
176
Guggenheim Capital
Illinois
$15.5M +$62.2K +535 +0.3%
CS
177
Candriam SCA
Luxembourg
$15.4M -$1.57M -13,500 -8%
KK
178
KLP Kapitalforvaltning
Norway
$15.1M +$18.1M +155,400 New
Tudor Investment Corp
179
Tudor Investment Corp
Connecticut
$14.1M +$13.6M +116,973 +413%
AGC
180
Alden Global Capital
Florida
$14M +$6M +51,590 +56%
PCMH
181
Polymer Capital Management (HK)
Hong Kong
$13.7M +$1.64M +14,100 +11%
LSC
182
Leading Securities Company
Hong Kong
$13.5M +$16.2M +139,370 New
OPL
183
Orland Properties Ltd
British Virgin Islands
$13.5M – – –
Susquehanna International Group
184
Susquehanna International Group
Pennsylvania
$13.3M +$12.7M +108,868 +382%
AP
185
Antipodes Partners
Australia
$13.1M -$38.6M -332,121 -71%
TRSOTSOK
186
Teachers Retirement System of the State of Kentucky
Kentucky
$13M +$3.49M +29,990 +29%
LF
187
Lansforsakringar Fondforvaltning
Sweden
$12.9M +$15.5M +132,895 New
PCM
188
Punch Card Management
Florida
$12.6M +$15.1M +130,000 New
Rafferty Asset Management
189
Rafferty Asset Management
New York
$12.5M +$1.36M +11,666 +10%
CIBC Asset Management
190
CIBC Asset Management
Ontario, Canada
$12.4M +$268K +2,301 +2%
FC
191
FACT Capital
New York
$12.4M -$901K -7,745 -6%
TD Asset Management
192
TD Asset Management
Ontario, Canada
$11.8M +$860K +7,396 +6%
KC
193
Kadensa Capital
Hong Kong
$11.7M +$1.64M +14,094 +13%
CM
194
Caption Management
Oklahoma
$11.5M +$13.4M +115,000 +2,875%
DZ Bank
195
DZ Bank
Germany
$11.5M +$2.51M +21,552 +22%
PAM
196
Pamalican Asset Management
Hong Kong
$11.4M +$13.7M +118,000 New
BCCM
197
Blue Creek Capital Management
Hong Kong
$11.3M -$3.49M -30,000 -20%
ASM
198
AI-Squared Management
Hong Kong
$11.2M +$9.2M +79,100 +219%
Neuberger Berman Group
199
Neuberger Berman Group
New York
$11M -$1.31M -11,252 -9%
HCS
200
Himension Capital (Singapore)
Singapore
$10.6M +$7.77M +66,819 +159%
6 7
8
9 10

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.