Pinduoduo
PDD
415 hedge funds and large institutions have $31.8B invested in Pinduoduo in 2021 Q2 according to their latest regulatory filings, with 55 funds opening new positions, 179 increasing their positions, 135 reducing their positions, and 80 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 179 | Existing positions reduced: 135
2.06% less ownership
Funds ownership: 7.05% → 5% (-2.1%)
6% less funds holding
Funds holding: 442 → 415 (-27)
12% less funds holding in top 10
Funds holding in top 10: 52 → 46 (-6)
18% less capital invested
Capital invested by funds: $38.8B → $31.8B (-$7.01B)
29% less call options, than puts
Call options by funds: $1.82B | Put options by funds: $2.55B
31% less first-time investments, than exits
New positions opened: 55 | Existing positions closed: 80
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$1.01B |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$349M |
| 3 |
BlackRock
New York
|
+$213M |
| 4 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$203M |
| 5 |
JP Morgan Chase
New York
|
+$187M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HA
HHLR Advisors
Grand Cayman,
Cayman Islands
|
-$432M |
| 2 |
BAM
Brilliance Asset Management
Admiralty, Hong Kong,
Hong Kong
|
-$430M |
| 3 |
Renaissance Technologies
New York
|
-$278M |
| 4 |
Citigroup
New York
|
-$246M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$241M |
PDD Hedge Fund Activity: Q2 2021 in Review
415 of the 5,767 institutional investors tracked by Wall St. Rank reported a position in Pinduoduo (PDD) for Q2 2021, worth a combined $31.8B — down 18% from $38.8B a quarter earlier.
Sellers outnumbered buyers: 80 funds closed out of PDD and 55 opened new positions — a net loss of 25 holders — while 135 trimmed existing stakes and 179 added.
The largest buyer was Invesco, adding an estimated $1.01B. The largest seller was HHLR Advisors, cutting an estimated $432M.
- 415 institutional investors held Pinduoduo (PDD) as of Q2 2021, down from 442 in Q1 2021.
- Funds reported $31.8B of Pinduoduo stock for Q2 2021, down 18% quarter-over-quarter.
- 55 funds opened new Pinduoduo positions in Q2 2021 and 80 closed out, a net change of -25 holders.
- The largest Pinduoduo buyer in Q2 2021 was Invesco, an estimated $1.01B added.
- The largest Pinduoduo seller in Q2 2021 was HHLR Advisors, an estimated $432M sold.
Based on aggregated 13F filings for Q2 2021.