Pinduoduo
PDD
394 hedge funds and large institutions have $24.7B invested in Pinduoduo in 2021 Q3 according to their latest regulatory filings, with 69 funds opening new positions, 179 increasing their positions, 110 reducing their positions, and 83 closing their positions.
63% more repeat investments, than reductions
Existing positions increased: 179 | Existing positions reduced: 110
2% more funds holding in top 10
Funds holding in top 10: 46 → 47 (+1)
0.44% more ownership
Funds ownership: 5% → 5.44% (+0.44%)
5% less funds holding
Funds holding: 414 → 394 (-20)
12% less call options, than puts
Call options by funds: $1.62B | Put options by funds: $1.86B
17% less first-time investments, than exits
New positions opened: 69 | Existing positions closed: 83
22% less capital invested
Capital invested by funds: $31.8B → $24.7B (-$7.12B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$711M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$377M |
| 3 |
KFA
Krane Funds Advisors
New York
|
+$326M |
| 4 |
AIM
Anatole Investment Management
Central,
Hong Kong
|
+$255M |
| 5 |
TCM
Tybourne Capital Management
Hong Kong
|
+$161M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HA
HHLR Advisors
Grand Cayman,
Cayman Islands
|
-$398M |
| 2 |
Morgan Stanley
New York
|
-$183M |
| 3 |
VAM
Veritas Asset Management
London,
United Kingdom
|
-$178M |
| 4 |
TC
Tairen Capital
Hong Kong
|
-$168M |
| 5 |
SUT
SC US (TTGP)
Menlo Park,
California
|
-$115M |
PDD Hedge Fund Activity: Q3 2021 in Review
394 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Pinduoduo (PDD) for Q3 2021, worth a combined $24.7B — down 22% from $31.8B a quarter earlier.
Sellers outnumbered buyers: 83 funds closed out of PDD and 69 opened new positions — a net loss of 14 holders — while 110 trimmed existing stakes and 179 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $711M. The largest seller was HHLR Advisors, cutting an estimated $398M.
- 394 institutional investors held Pinduoduo (PDD) as of Q3 2021, down from 414 in Q2 2021.
- Funds reported $24.7B of Pinduoduo stock for Q3 2021, down 22% quarter-over-quarter.
- 69 funds opened new Pinduoduo positions in Q3 2021 and 83 closed out, a net change of -14 holders.
- The largest Pinduoduo buyer in Q3 2021 was T. Rowe Price Associates, an estimated $711M added.
- The largest Pinduoduo seller in Q3 2021 was HHLR Advisors, an estimated $398M sold.
Based on aggregated 13F filings for Q3 2021.