Pinduoduo
PDD
362 hedge funds and large institutions have $15.7B invested in Pinduoduo in 2021 Q4 according to their latest regulatory filings, with 68 funds opening new positions, 144 increasing their positions, 116 reducing their positions, and 97 closing their positions.
24% more repeat investments, than reductions
Existing positions increased: 144 | Existing positions reduced: 116
7% more call options, than puts
Call options by funds: $972M | Put options by funds: $905M
0.05% less ownership
Funds ownership: 5.44% → 5.39% (-0.05%)
8% less funds holding
Funds holding: 395 → 362 (-33)
30% less first-time investments, than exits
New positions opened: 68 | Existing positions closed: 97
34% less funds holding in top 10
Funds holding in top 10: 47 → 31 (-16)
36% less capital invested
Capital invested by funds: $24.7B → $15.7B (-$9.01B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Marshall Wace
London,
United Kingdom
|
+$210M |
| 2 |
Temasek Holdings
Singapore
|
+$165M |
| 3 |
Tiger Global Management
New York
|
+$137M |
| 4 |
Millennium Management
New York
|
+$131M |
| 5 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$127M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$268M |
| 2 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$209M |
| 3 |
HA
HHLR Advisors
Grand Cayman,
Cayman Islands
|
-$205M |
| 4 |
SM
SCGE Management
Menlo Park,
California
|
-$196M |
| 5 |
BS
Banco Santander
Madrid,
Spain
|
-$129M |
PDD Hedge Fund Activity: Q4 2021 in Review
362 of the 6,518 institutional investors tracked by Wall St. Rank reported a position in Pinduoduo (PDD) for Q4 2021, worth a combined $15.7B — down 36% from $24.7B a quarter earlier.
Sellers outnumbered buyers: 97 funds closed out of PDD and 68 opened new positions — a net loss of 29 holders — while 116 trimmed existing stakes and 144 added.
The largest buyer was Marshall Wace, adding an estimated $210M. The largest seller was T. Rowe Price Associates, cutting an estimated $268M.
- 362 institutional investors held Pinduoduo (PDD) as of Q4 2021, down from 395 in Q3 2021.
- Funds reported $15.7B of Pinduoduo stock for Q4 2021, down 36% quarter-over-quarter.
- 68 funds opened new Pinduoduo positions in Q4 2021 and 97 closed out, a net change of -29 holders.
- The largest Pinduoduo buyer in Q4 2021 was Marshall Wace, an estimated $210M added.
- The largest Pinduoduo seller in Q4 2021 was T. Rowe Price Associates, an estimated $268M sold.
Based on aggregated 13F filings for Q4 2021.