Pinduoduo
PDD
203 hedge funds and large institutions have $6.75B invested in Pinduoduo in 2019 Q4 according to their latest regulatory filings, with 53 funds opening new positions, 55 increasing their positions, 72 reducing their positions, and 35 closing their positions.
51% more first-time investments, than exits
New positions opened: 53 | Existing positions closed: 35
24% more funds holding in top 10
Funds holding in top 10: 17 → 21 (+4)
22% more capital invested
Capital invested by funds: $5.52B → $6.75B (+$1.23B)
9% more funds holding
Funds holding: 186 → 203 (+17)
0.28% more ownership
Funds ownership: 6.65% → 6.93% (+0.28%)
24% less repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 72
41% less call options, than puts
Call options by funds: $307M | Put options by funds: $523M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Tiger Global Management
New York
|
+$140M |
| 2 |
TC
Tairen Capital
Hong Kong
|
+$58M |
| 3 |
BlackRock
New York
|
+$57M |
| 4 |
HSBC Holdings
London,
United Kingdom
|
+$23.7M |
| 5 |
Renaissance Technologies
New York
|
+$22.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HA
HHLR Advisors
Grand Cayman,
Cayman Islands
|
-$90.2M |
| 2 |
SIM
SRS Investment Management
New York
|
-$83M |
| 3 |
SCH
Sylebra Capital (HK)
Hong Kong
|
-$58.5M |
| 4 |
Sumitomo Mitsui Trust Group
Minato-Ku, Tokyo,
Japan
|
-$47.8M |
| 5 |
NAMA
Nikko Asset Management Americas
New York
|
-$46.8M |
PDD Hedge Fund Activity: Q4 2019 in Review
203 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Pinduoduo (PDD) for Q4 2019, worth a combined $6.75B — up 22% from $5.52B a quarter earlier.
Buyers outnumbered sellers: 53 funds opened new PDD positions and 35 closed out — a net gain of 18 holders — while 55 added to existing stakes and 72 trimmed.
The largest buyer was Tiger Global Management, adding an estimated $140M. The largest seller was HHLR Advisors, cutting an estimated $90.2M.
- 203 institutional investors held Pinduoduo (PDD) as of Q4 2019, up from 186 in Q3 2019.
- Funds reported $6.75B of Pinduoduo stock for Q4 2019, up 22% quarter-over-quarter.
- 53 funds opened new Pinduoduo positions in Q4 2019 and 35 closed out, a net change of +18 holders.
- The largest Pinduoduo buyer in Q4 2019 was Tiger Global Management, an estimated $140M added.
- The largest Pinduoduo seller in Q4 2019 was HHLR Advisors, an estimated $90.2M sold.
Based on aggregated 13F filings for Q4 2019.