Pinduoduo
PDD
451 hedge funds and large institutions have $23.3B invested in Pinduoduo in 2023 Q2 according to their latest regulatory filings, with 60 funds opening new positions, 153 increasing their positions, 186 reducing their positions, and 75 closing their positions.
8% more call options, than puts
Call options by funds: $1.65B | Put options by funds: $1.53B
0.14% less ownership
Funds ownership: 6.79% → 6.65% (-0.14%)
3% less funds holding
Funds holding: 467 → 451 (-16)
9% less funds holding in top 10
Funds holding in top 10: 65 → 59 (-6)
10% less capital invested
Capital invested by funds: $26B → $23.3B (-$2.69B)
18% less repeat investments, than reductions
Existing positions increased: 153 | Existing positions reduced: 186
20% less first-time investments, than exits
New positions opened: 60 | Existing positions closed: 75
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$324M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$276M |
| 3 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$204M |
| 4 |
DIG
Dragoneer Investment Group
San Francisco,
California
|
+$178M |
| 5 |
SIM
SRS Investment Management
New York
|
+$161M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$256M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
-$199M |
| 3 |
D.E. Shaw & Co
New York
|
-$191M |
| 4 |
Temasek Holdings
Singapore
|
-$177M |
| 5 |
HA
HHLR Advisors
Grand Cayman,
Cayman Islands
|
-$170M |
PDD Hedge Fund Activity: Q2 2023 in Review
451 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Pinduoduo (PDD) for Q2 2023, worth a combined $23.3B — down 10% from $26B a quarter earlier.
Sellers outnumbered buyers: 75 funds closed out of PDD and 60 opened new positions — a net loss of 15 holders — while 186 trimmed existing stakes and 153 added.
The largest buyer was Invesco, adding an estimated $324M. The largest seller was Goldman Sachs, cutting an estimated $256M.
- 451 institutional investors held Pinduoduo (PDD) as of Q2 2023, down from 467 in Q1 2023.
- Funds reported $23.3B of Pinduoduo stock for Q2 2023, down 10% quarter-over-quarter.
- 60 funds opened new Pinduoduo positions in Q2 2023 and 75 closed out, a net change of -15 holders.
- The largest Pinduoduo buyer in Q2 2023 was Invesco, an estimated $324M added.
- The largest Pinduoduo seller in Q2 2023 was Goldman Sachs, an estimated $256M sold.
Based on aggregated 13F filings for Q2 2023.