Pinduoduo
PDD
206 hedge funds and large institutions have $8.12B invested in Pinduoduo in 2020 Q1 according to their latest regulatory filings, with 41 funds opening new positions, 83 increasing their positions, 51 reducing their positions, and 35 closing their positions.
63% more repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 51
20% more capital invested
Capital invested by funds: $6.76B → $8.12B (+$1.36B)
17% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 35
1.8% more ownership
Funds ownership: 6.94% → 8.74% (+1.8%)
1% more funds holding
Funds holding: 204 → 206 (+2)
9% less funds holding in top 10
Funds holding in top 10: 22 → 20 (-2)
54% less call options, than puts
Call options by funds: $312M | Put options by funds: $674M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$576M |
| 2 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$376M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$245M |
| 4 |
Fisher Asset Management
Camas,
Washington
|
+$150M |
| 5 |
GAM
Greenwoods Asset Management
Grand Cayman,
Cayman Islands
|
+$77.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$113M |
| 2 |
MWA
Marshall Wace Asia
Central,
Hong Kong
|
-$78.2M |
| 3 |
TA
Trivest Advisors
Hong Kong
|
-$50.7M |
| 4 |
HSBC Holdings
London,
United Kingdom
|
-$49.6M |
| 5 |
TC
Tairen Capital
Hong Kong
|
-$48.6M |
PDD Hedge Fund Activity: Q1 2020 in Review
206 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Pinduoduo (PDD) for Q1 2020, worth a combined $8.12B — up 20% from $6.76B a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new PDD positions and 35 closed out — a net gain of 6 holders — while 83 added to existing stakes and 51 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $576M. The largest seller was Morgan Stanley, cutting an estimated $113M.
- 206 institutional investors held Pinduoduo (PDD) as of Q1 2020, up from 204 in Q4 2019.
- Funds reported $8.12B of Pinduoduo stock for Q1 2020, up 20% quarter-over-quarter.
- 41 funds opened new Pinduoduo positions in Q1 2020 and 35 closed out, a net change of +6 holders.
- The largest Pinduoduo buyer in Q1 2020 was Goldman Sachs, an estimated $576M added.
- The largest Pinduoduo seller in Q1 2020 was Morgan Stanley, an estimated $113M sold.
Based on aggregated 13F filings for Q1 2020.