Pinduoduo
PDD
268 hedge funds and large institutions have $20.5B invested in Pinduoduo in 2020 Q2 according to their latest regulatory filings, with 94 funds opening new positions, 97 increasing their positions, 58 reducing their positions, and 31 closing their positions.
203% more first-time investments, than exits
New positions opened: 94 | Existing positions closed: 31
152% more capital invested
Capital invested by funds: $8.12B → $20.5B (+$12.4B)
67% more repeat investments, than reductions
Existing positions increased: 97 | Existing positions reduced: 58
40% more funds holding in top 10
Funds holding in top 10: 20 → 28 (+8)
30% more funds holding
Funds holding: 206 → 268 (+62)
0.02% less ownership
Funds ownership: 8.74% → 8.72% (-0.02%)
46% less call options, than puts
Call options by funds: $729M | Put options by funds: $1.34B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$334M |
| 2 |
Renaissance Technologies
New York
|
+$197M |
| 3 |
BlackRock
New York
|
+$181M |
| 4 |
DVF
Discovery Value Fund
Singapore
|
+$133M |
| 5 |
GAM
Greenwoods Asset Management
Grand Cayman,
Cayman Islands
|
+$130M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$144M |
| 2 |
Goldman Sachs
New York
|
-$137M |
| 3 |
SIM
SRS Investment Management
New York
|
-$128M |
| 4 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$88.6M |
| 5 |
HHII
H&H International Investment
Palo Alto,
California
|
-$73.2M |
PDD Hedge Fund Activity: Q2 2020 in Review
268 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Pinduoduo (PDD) for Q2 2020, worth a combined $20.5B — up 152% from $8.12B a quarter earlier.
Buyers outnumbered sellers: 94 funds opened new PDD positions and 31 closed out — a net gain of 63 holders — while 97 added to existing stakes and 58 trimmed.
The largest buyer was Vanguard Group, adding an estimated $334M. The largest seller was Fidelity Investments, cutting an estimated $144M.
- 268 institutional investors held Pinduoduo (PDD) as of Q2 2020, up from 206 in Q1 2020.
- Funds reported $20.5B of Pinduoduo stock for Q2 2020, up 152% quarter-over-quarter.
- 94 funds opened new Pinduoduo positions in Q2 2020 and 31 closed out, a net change of +63 holders.
- The largest Pinduoduo buyer in Q2 2020 was Vanguard Group, an estimated $334M added.
- The largest Pinduoduo seller in Q2 2020 was Fidelity Investments, an estimated $144M sold.
Based on aggregated 13F filings for Q2 2020.