Pinduoduo
PDD
577 hedge funds and large institutions have $44.2B invested in Pinduoduo in 2024 Q1 according to their latest regulatory filings, with 98 funds opening new positions, 226 increasing their positions, 202 reducing their positions, and 94 closing their positions.
12% more repeat investments, than reductions
Existing positions increased: 226 | Existing positions reduced: 202
2% more funds holding in top 10
Funds holding in top 10: 82 → 84 (+2)
4% more first-time investments, than exits
New positions opened: 98 | Existing positions closed: 94
0.04% less ownership
Funds ownership: 7.56% → 7.51% (-0.04%)
1% less funds holding
Funds holding: 583 → 577 (-6)
20% less call options, than puts
Call options by funds: $3.4B | Put options by funds: $4.26B
21% less capital invested
Capital invested by funds: $55.9B → $44.2B (-$11.7B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$727M |
| 2 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$662M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$382M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$312M |
| 5 |
HA
HHLR Advisors
Grand Cayman,
Cayman Islands
|
+$220M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$455M |
| 2 |
GQG Partners
Ft. Lauderdale,
Florida
|
-$421M |
| 3 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$417M |
| 4 |
Jane Street
New York
|
-$267M |
| 5 |
SUT
SC US (TTGP)
Menlo Park,
California
|
-$229M |
PDD Hedge Fund Activity: Q1 2024 in Review
577 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Pinduoduo (PDD) for Q1 2024, worth a combined $44.2B — down 21% from $55.9B a quarter earlier.
Buyers outnumbered sellers: 98 funds opened new PDD positions and 94 closed out — a net gain of 4 holders — while 226 added to existing stakes and 202 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $727M. The largest seller was Fidelity Investments, cutting an estimated $455M.
- 577 institutional investors held Pinduoduo (PDD) as of Q1 2024, down from 583 in Q4 2023.
- Funds reported $44.2B of Pinduoduo stock for Q1 2024, down 21% quarter-over-quarter.
- 98 funds opened new Pinduoduo positions in Q1 2024 and 94 closed out, a net change of +4 holders.
- The largest Pinduoduo buyer in Q1 2024 was Goldman Sachs, an estimated $727M added.
- The largest Pinduoduo seller in Q1 2024 was Fidelity Investments, an estimated $455M sold.
Based on aggregated 13F filings for Q1 2024.