Pinduoduo
PDD
584 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, 155 reducing their positions, and 39 closing their positions.
305% more first-time investments, than exits
New positions opened: 158 | Existing positions closed: 39
47% more capital inflows, than outflows
Capital inflows: $5.99B | Capital outflows: $4.08B
41% more repeat investments, than reductions
Existing positions increased: 218 | Existing positions reduced: 155
23% more funds holding
Funds holding: 473 → 584 (+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: 75 → 83 (+8)
1.09% more ownership
Funds ownership: 27.68% → 28.77% (+1.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$337M |
| 2 |
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 |
IDG China Venture Capital Fund IV Associates
Hong Kong
|
-$366M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$326M |
| 4 |
Krane Funds Advisors
New York
|
-$320M |
| 5 |
Fidelity International
Hamilton,
Bermuda
|
-$174M |
PDD Hedge Fund Activity: Q4 2023 in Review
584 of the 6,876 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 155 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $337M. The largest seller was Canada Life, cutting an estimated $419M.
- 584 institutional investors held Pinduoduo (PDD) as of Q4 2023, up from 473 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.