Pinduoduo
PDD
189 hedge funds and large institutions have $2.9B invested in Pinduoduo in 2019 Q1 according to their latest regulatory filings, with 106 funds opening new positions, 49 increasing their positions, 26 reducing their positions, and 23 closing their positions.
361% more first-time investments, than exits
New positions opened: 106 | Existing positions closed: 23
88% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 26
78% more funds holding
Funds holding: 106 → 189 (+83)
77% more capital invested
Capital invested by funds: $1.64B → $2.9B (+$1.26B)
18% more funds holding in top 10
Funds holding in top 10: 17 → 20 (+3)
1.38% more ownership
Funds ownership: 3.23% → 4.61% (+1.4%)
51% less call options, than puts
Call options by funds: $58.9M | Put options by funds: $120M
Top Buyers
| 1 |
BlackRock
New York
|
+$239M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$118M |
| 3 |
TC
Tairen Capital
Hong Kong
|
+$102M |
| 4 |
State Street
Boston,
Massachusetts
|
+$86.4M |
| 5 |
MWA
Marshall Wace Asia
Central,
Hong Kong
|
+$76.9M |
Top Sellers
| 1 |
O
OppenheimerFunds
New York
|
-$291M |
| 2 |
HSBC Holdings
London,
United Kingdom
|
-$106M |
| 3 |
Citigroup
New York
|
-$73.4M |
| 4 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$34.2M |
| 5 |
SCM
Segantii Capital Management
Hong Kong
|
-$22.7M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SC
201
Sculptor Capital
New York
| – | -$1.69M | -75,100 | Closed |
|
202
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
| – | -$610K | -27,180 | Closed |
|
|
QC
203
Quadrature Capital
London,
United Kingdom
| – | -$496K | -22,140 | Closed |
|
|
WCM
204
Weld Capital Management
New York
| – | -$488K | -21,763 | Closed |
|
|
MS
205
Maven Securities
St Helier,
Jersey
| – | -$428K | -19,337 | Closed |
|
|
BCM
206
Bayesian Capital Management
Brooklyn,
New York
| – | -$384K | -17,100 | Closed |
|
|
BCM
207
BlueCrest Capital Management
St Helier,
Jersey
| – | -$328K | -14,600 | Closed |
|
|
FIA
208
FNY Investment Advisers
New York
| – | -$224K | -10,000 | Closed |
|
|
JG
209
Jefferies Group
New York
| – | -$200K | -8,900 | Closed |
|
|
ER
210
Enlightenment Research
Miami,
Florida
| – | -$54K | -2,400 | Closed |
|
|
CG
211
Cutler Group
San Francisco,
California
| – | -$17K | -800 | Closed |
|
212
Acadian Asset Management
Boston,
Massachusetts
| – | -$5K | -233 | Closed |
|
PDD Hedge Fund Activity: Q1 2019 in Review
189 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Pinduoduo (PDD) for Q1 2019, worth a combined $2.9B — up 77% from $1.64B a quarter earlier.
Buyers outnumbered sellers: 106 funds opened new PDD positions and 23 closed out — a net gain of 83 holders — while 49 added to existing stakes and 26 trimmed.
The largest buyer was BlackRock, adding an estimated $239M. The largest seller was OppenheimerFunds, cutting an estimated $291M.
- 189 institutional investors held Pinduoduo (PDD) as of Q1 2019, up from 106 in Q4 2018.
- Funds reported $2.9B of Pinduoduo stock for Q1 2019, up 77% quarter-over-quarter.
- 106 funds opened new Pinduoduo positions in Q1 2019 and 23 closed out, a net change of +83 holders.
- The largest Pinduoduo buyer in Q1 2019 was BlackRock, an estimated $239M added.
- The largest Pinduoduo seller in Q1 2019 was OppenheimerFunds, an estimated $291M sold.
Based on aggregated 13F filings for Q1 2019.