Pinduoduo
PDD
468 hedge funds and large institutions have $26B invested in Pinduoduo in 2023 Q1 according to their latest regulatory filings, with 88 funds opening new positions, 179 increasing their positions, 159 reducing their positions, and 66 closing their positions.
42% more capital inflows, than outflows
Capital inflows: $5.84B | Capital outflows: $4.1B
33% more first-time investments, than exits
New positions opened: 88 | Existing positions closed: 66
13% more repeat investments, than reductions
Existing positions increased: 179 | Existing positions reduced: 159
4% more funds holding
Funds holding: 450 → 468 (+18)
1.46% more ownership
Funds ownership: 25.71% → 27.17% (+1.5%)
1% less funds holding in top 10
Funds holding in top 10: 67 → 66 (-1)
19% less call options, than puts
Call options by funds: $1.92B | Put options by funds: $2.35B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$770M |
| 2 |
HHLR Advisors
Grand Cayman,
Cayman Islands
|
+$700M |
| 3 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$407M |
| 4 |
UBS AM
Chicago,
Illinois
|
+$400M |
| 5 |
Schroder Investment Management Group
London,
United Kingdom
|
+$294M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$438M |
| 2 |
Barclays
London,
United Kingdom
|
-$255M |
| 3 |
D.E. Shaw & Co
New York
|
-$246M |
| 4 |
JP Morgan Chase
New York
|
-$195M |
| 5 |
Renaissance Technologies
New York
|
-$195M |
PDD Hedge Fund Activity: Q1 2023 in Review
468 of the 6,289 institutional investors tracked by Wall St. Rank reported a position in Pinduoduo (PDD) for Q1 2023, worth a combined $26B — down 2.1% from $26.5B a quarter earlier.
Buyers outnumbered sellers: 88 funds opened new PDD positions and 66 closed out — a net gain of 22 holders — while 179 added to existing stakes and 159 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $770M. The largest seller was Fidelity Investments, cutting an estimated $438M.
- 468 institutional investors held Pinduoduo (PDD) as of Q1 2023, up from 450 in Q4 2022.
- Funds reported $26B of Pinduoduo stock for Q1 2023, down 2.1% quarter-over-quarter.
- 88 funds opened new Pinduoduo positions in Q1 2023 and 66 closed out, a net change of +22 holders.
- The largest Pinduoduo buyer in Q1 2023 was Morgan Stanley, an estimated $770M added.
- The largest Pinduoduo seller in Q1 2023 was Fidelity Investments, an estimated $438M sold.
Based on aggregated 13F filings for Q1 2023.