Pinduoduo
PDD
583 hedge funds and large institutions have $55.9B invested in Pinduoduo in 2023 Q4 according to their latest regulatory filings, with 158 funds opening new positions, 218 increasing their positions, 154 reducing their positions, and 39 closing their positions.
305% more first-time investments, than exits
New positions opened: 158 | Existing positions closed: 39
56% more capital invested
Capital invested by funds: $35.8B → $55.9B (+$20.1B)
42% more repeat investments, than reductions
Existing positions increased: 218 | Existing positions reduced: 154
24% more funds holding
Funds holding: 472 → 583 (+111)
19% more call options, than puts
Call options by funds: $6.03B | Put options by funds: $5.05B
11% more funds holding in top 10
Funds holding in top 10: 74 → 82 (+8)
0.29% more ownership
Funds ownership: 7.27% → 7.56% (+0.29%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$337M |
| 2 |
HA
HHLR Advisors
Grand Cayman,
Cayman Islands
|
+$335M |
| 3 |
William Blair Investment Management
Chicago,
Illinois
|
+$279M |
| 4 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$278M |
| 5 |
Marshall Wace
London,
United Kingdom
|
+$270M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Canada Life
Winnipeg,
Manitoba, Canada
|
-$419M |
| 2 |
ICVCFIA
IDG China Venture Capital Fund IV Associates
Hong Kong
|
-$366M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$326M |
| 4 |
KFA
Krane Funds Advisors
New York
|
-$320M |
| 5 |
Fidelity International
Hamilton,
Bermuda
|
-$174M |
PDD Hedge Fund Activity: Q4 2023 in Review
583 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Pinduoduo (PDD) for Q4 2023, worth a combined $55.9B — up 56% from $35.8B a quarter earlier.
Buyers outnumbered sellers: 158 funds opened new PDD positions and 39 closed out — a net gain of 119 holders — while 218 added to existing stakes and 154 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $337M. The largest seller was Canada Life, cutting an estimated $419M.
- 583 institutional investors held Pinduoduo (PDD) as of Q4 2023, up from 472 in Q3 2023.
- Funds reported $55.9B of Pinduoduo stock for Q4 2023, up 56% quarter-over-quarter.
- 158 funds opened new Pinduoduo positions in Q4 2023 and 39 closed out, a net change of +119 holders.
- The largest Pinduoduo buyer in Q4 2023 was Morgan Stanley, an estimated $337M added.
- The largest Pinduoduo seller in Q4 2023 was Canada Life, an estimated $419M sold.
Based on aggregated 13F filings for Q4 2023.