Pinduoduo
PDD
288 hedge funds and large institutions have $17.3B invested in Pinduoduo in 2020 Q3 according to their latest regulatory filings, with 64 funds opening new positions, 118 increasing their positions, 75 reducing their positions, and 42 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 118 | Existing positions reduced: 75
52% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 42
7% more funds holding
Funds holding: 268 → 288 (+20)
0.22% less ownership
Funds ownership: 8.72% → 8.5% (-0.22%)
7% less funds holding in top 10
Funds holding in top 10: 28 → 26 (-2)
15% less capital invested
Capital invested by funds: $20.5B → $17.3B (-$3.17B)
49% less call options, than puts
Call options by funds: $523M | Put options by funds: $1.02B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Tiger Global Management
New York
|
+$699M |
| 2 |
BAM
Brilliance Asset Management
Admiralty, Hong Kong,
Hong Kong
|
+$289M |
| 3 |
Morgan Stanley
New York
|
+$160M |
| 4 |
VAM
Veritas Asset Management
London,
United Kingdom
|
+$143M |
| 5 |
State Street
Boston,
Massachusetts
|
+$127M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$752M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$609M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$536M |
| 4 |
GAM
Greenwoods Asset Management
Grand Cayman,
Cayman Islands
|
-$244M |
| 5 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$161M |
PDD Hedge Fund Activity: Q3 2020 in Review
288 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in Pinduoduo (PDD) for Q3 2020, worth a combined $17.3B — down 15% from $20.5B a quarter earlier.
Buyers outnumbered sellers: 64 funds opened new PDD positions and 42 closed out — a net gain of 22 holders — while 118 added to existing stakes and 75 trimmed.
The largest buyer was Tiger Global Management, adding an estimated $699M. The largest seller was Goldman Sachs, cutting an estimated $752M.
- 288 institutional investors held Pinduoduo (PDD) as of Q3 2020, up from 268 in Q2 2020.
- Funds reported $17.3B of Pinduoduo stock for Q3 2020, down 15% quarter-over-quarter.
- 64 funds opened new Pinduoduo positions in Q3 2020 and 42 closed out, a net change of +22 holders.
- The largest Pinduoduo buyer in Q3 2020 was Tiger Global Management, an estimated $699M added.
- The largest Pinduoduo seller in Q3 2020 was Goldman Sachs, an estimated $752M sold.
Based on aggregated 13F filings for Q3 2020.