Pinduoduo
PDD
472 hedge funds and large institutions have $35.8B invested in Pinduoduo in 2023 Q3 according to their latest regulatory filings, with 88 funds opening new positions, 212 increasing their positions, 123 reducing their positions, and 63 closing their positions.
72% more repeat investments, than reductions
Existing positions increased: 212 | Existing positions reduced: 123
54% more capital invested
Capital invested by funds: $23.3B → $35.8B (+$12.6B)
40% more first-time investments, than exits
New positions opened: 88 | Existing positions closed: 63
25% more funds holding in top 10
Funds holding in top 10: 59 → 74 (+15)
15% more call options, than puts
Call options by funds: $3.12B | Put options by funds: $2.71B
5% more funds holding
Funds holding: 451 → 472 (+21)
0.62% more ownership
Funds ownership: 6.65% → 7.27% (+0.62%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SUT
SC US (TTGP)
Menlo Park,
California
|
+$970M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$572M |
| 3 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$388M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$373M |
| 5 |
BlackRock
New York
|
+$322M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$548M |
| 2 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$415M |
| 3 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$343M |
| 4 |
HSBC Holdings
London,
United Kingdom
|
-$224M |
| 5 |
Goldman Sachs
New York
|
-$196M |
PDD Hedge Fund Activity: Q3 2023 in Review
472 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Pinduoduo (PDD) for Q3 2023, worth a combined $35.8B — up 54% from $23.3B a quarter earlier.
Buyers outnumbered sellers: 88 funds opened new PDD positions and 63 closed out — a net gain of 25 holders — while 212 added to existing stakes and 123 trimmed.
The largest buyer was SC US (TTGP), adding an estimated $970M. The largest seller was Morgan Stanley, cutting an estimated $548M.
- 472 institutional investors held Pinduoduo (PDD) as of Q3 2023, up from 451 in Q2 2023.
- Funds reported $35.8B of Pinduoduo stock for Q3 2023, up 54% quarter-over-quarter.
- 88 funds opened new Pinduoduo positions in Q3 2023 and 63 closed out, a net change of +25 holders.
- The largest Pinduoduo buyer in Q3 2023 was SC US (TTGP), an estimated $970M added.
- The largest Pinduoduo seller in Q3 2023 was Morgan Stanley, an estimated $548M sold.
Based on aggregated 13F filings for Q3 2023.