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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
Nomura Asset Management
201
Nomura Asset Management
Japan
$10.3M -$167K -1,434 -1%
ECM
202
Eisler Capital Management
United Kingdom
$10.2M +$12.3M +105,730 New
TI
203
Tidal Investments
Wisconsin
$10.2M +$3.91M +33,589 +47%
CGH
204
Contrarius Group Holdings
Bermuda
$10.1M +$12.1M +103,714 New
BCM
205
Bienville Capital Management
New York
$9.97M +$10.5M +90,400 +729%
Vontobel Holding
206
Vontobel Holding
Switzerland
$9.93M -$15.4M -131,978 -56%
HC
207
Headwater Capital
China
$9.7M +$11.6M +100,000 New
RhumbLine Advisers
208
RhumbLine Advisers
Massachusetts
$9.61M -$215K -1,849 -2%
GCP
209
Garda Capital Partners
Minnesota
$9.6M +$11.5M +98,969 New
Millennium Management
210
Millennium Management
New York
$9.49M +$10.6M +91,456 +1,425%
OAG
211
Orbis Allan Gray
Bermuda
$9.47M +$11.4M +97,653 New
TPC
212
Tiger Pacific Capital
New York
$9.44M -$26.5M -227,800 -70%
6CM
213
683 Capital Management
New York
$9.21M +$698K +6,000 +7%
PAM
214
Panagora Asset Management
Massachusetts
$9.21M +$42.5K +365 +0.4%
VOYA Investment Management
215
VOYA Investment Management
Georgia
$9.06M +$2.81M +24,125 +35%
MM
216
Monolith Management
Hong Kong
$8.67M -$10.5M -90,000 -50%
ACL
217
APEIRON Capital Ltd
Hong Kong
$8.63M -$4.19M -35,985 -29%
CM
218
CastleKnight Management
New York
$8.49M -$814K -7,000 -7%
AG
219
Amiral Gestion
France
$8.44M +$10.1M +87,000 New
IGAM
220
iA Global Asset Management
Quebec, Canada
$7.86M +$162K +1,393 +2%
PA
221
Profund Advisors
Maryland
$7.79M -$274K -2,355 -3%
SCM
222
Shelton Capital Management
Colorado
$7.72M -$228K -1,964 -2%
VMPIC
223
Varma Mutual Pension Insurance Co
Finland
$7.59M +$1.62M +13,900 +22%
NAM
224
Nissay Asset Management
Japan
$7.59M +$982K +8,438 +12%
CII
225
Capital International Inc
California
$7.44M +$8.93M +76,729 New
7 8
9
10 11

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.