Pinduoduo
PDD
176 hedge funds and large institutions have $3.03B invested in Pinduoduo in 2019 Q2 according to their latest regulatory filings, with 45 funds opening new positions, 74 increasing their positions, 42 reducing their positions, and 55 closing their positions.
76% more repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 42
1.09% more ownership
Funds ownership: 4.61% → 5.7% (+1.1%)
4% more capital invested
Capital invested by funds: $2.9B → $3.03B (+$124M)
7% less funds holding
Funds holding: 189 → 176 (-13)
15% less funds holding in top 10
Funds holding in top 10: 20 → 17 (-3)
18% less first-time investments, than exits
New positions opened: 45 | Existing positions closed: 55
79% less call options, than puts
Call options by funds: $43.9M | Put options by funds: $207M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HSBC Holdings
London,
United Kingdom
|
+$208M |
| 2 |
Morgan Stanley
New York
|
+$180M |
| 3 |
HA
HHLR Advisors
Grand Cayman,
Cayman Islands
|
+$88M |
| 4 |
ACM
Altimeter Capital Management
Boston,
Massachusetts
|
+$77.6M |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TC
Tairen Capital
Hong Kong
|
-$94.3M |
| 2 |
FAM
Fred Alger Management
New York
|
-$42.3M |
| 3 |
PIM
Platinum Investment Management
Sydney Australia 2000,
Australia
|
-$39.3M |
| 4 |
KM
Kylin Management
New York
|
-$35.3M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$34.8M |
PDD Hedge Fund Activity: Q2 2019 in Review
176 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Pinduoduo (PDD) for Q2 2019, worth a combined $3.03B — up 4.3% from $2.9B a quarter earlier.
Sellers outnumbered buyers: 55 funds closed out of PDD and 45 opened new positions — a net loss of 10 holders — while 42 trimmed existing stakes and 74 added.
The largest buyer was HSBC Holdings, adding an estimated $208M. The largest seller was Tairen Capital, exiting entirely with an estimated $94.3M sold.
- 176 institutional investors held Pinduoduo (PDD) as of Q2 2019, down from 189 in Q1 2019.
- Funds reported $3.03B of Pinduoduo stock for Q2 2019, up 4.3% quarter-over-quarter.
- 45 funds opened new Pinduoduo positions in Q2 2019 and 55 closed out, a net change of -10 holders.
- The largest Pinduoduo buyer in Q2 2019 was HSBC Holdings, an estimated $208M added.
- The largest Pinduoduo seller in Q2 2019 was Tairen Capital, an estimated $94.3M sold.
Based on aggregated 13F filings for Q2 2019.