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Pinduoduo
PDD

586 hedge funds and large institutions have $39.5B invested in Pinduoduo in 2024 Q4 according to their latest regulatory filings, with 114 funds opening new positions, 194 increasing their positions, 224 reducing their positions, and 118 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more call options, than puts

Call options by funds: $6.19B | Put options by funds: $4.81B

0.42% less ownership

Funds ownership: 7.63% → 7.21% (-0.42%)

3% less first-time investments, than exits

New positions opened: 114 | Existing positions closed: 118

2% less funds holding

Funds holding: 600 → 586 (-14)

8% less funds holding in top 10

Funds holding in top 10: 79 → 73 (-6)

13% less repeat investments, than reductions

Existing positions increased: 194 | Existing positions reduced: 224

29% less capital invested

Capital invested by funds: $55.8B → $39.5B (-$16.3B)

Holders
586
Holders Change
-14
Holders Change %
-2.33%
% of All Funds
7.72%
Holding in Top 10
73
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-7.59%
% of All Funds
0.96%
New
114
Increased
194
Reduced
224
Closed
118
Calls
$6.19B
Puts
$4.81B
Net Calls
+$1.38B
Net Calls Change
-$2.34B

Top Buyers

1
Sanders Capital
Sanders Capital
Florida
+$600M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$544M
3
Fidelity International
Fidelity International
Bermuda
+$390M
4
HHII
H&H International Investment
California
+$386M
5
Tiger Global Management
Tiger Global Management
New York
+$306M

Top Sellers

1
UBS AM
UBS AM
Illinois
-$1.42B
2
TC
Tairen Capital
Hong Kong
-$559M
3
Goldman Sachs
Goldman Sachs
New York
-$321M
4
Coatue Management
Coatue Management
New York
-$280M
5
HA
HHLR Advisors
Cayman Islands
-$237M
Name Holding Trade Value Shares
Change 		Change in
Stake
Baillie Gifford & Co
1
Baillie Gifford & Co
United Kingdom
$3.69B +$226M +1,942,891 +5%
BlackRock
2
BlackRock
New York
$3.19B -$12.9M -110,955 -0.3%
Vanguard Group
3
Vanguard Group
Pennsylvania
$2.78B +$31.3M +268,662 +0.9%
Fidelity Investments
4
Fidelity Investments
Massachusetts
$2.48B +$544M +4,673,022 +22%
HH
5
HSG Holding
Hong Kong
$1.97B -$215M -1,848,775 -12%
State Street
6
State Street
Massachusetts
$1.12B -$15.9M -136,744 -1%
SUT
7
SC US (TTGP)
California
$1.03B -$168M -1,440,361 -12%
Morgan Stanley
8
Morgan Stanley
New York
$838M -$222M -1,905,767 -18%
Norges Bank
9
Norges Bank
Norway
$812M -$114M -983,677 -11%
Fidelity International
10
Fidelity International
Bermuda
$774M +$390M +3,350,627 +72%
JP Morgan Chase
11
JP Morgan Chase
New York
$753M +$4.95M +42,584 +0.6%
HHII
12
H&H International Investment
California
$701M +$386M +3,321,100 +85%
T. Rowe Price Associates
13
T. Rowe Price Associates
Maryland
$633M +$130M +1,118,855 +21%
Goldman Sachs
14
Goldman Sachs
New York
$567M -$321M -2,756,540 -32%
Geode Capital Management
15
Geode Capital Management
Massachusetts
$559M +$129M +1,108,390 +24%
DIG
16
Dragoneer Investment Group
California
$540M +$213M +1,827,853 +49%
AL
17
Appaloosa LP
New Jersey
$519M +$6.4M +55,000 +1%
Sanders Capital
18
Sanders Capital
Florida
$500M +$600M +5,154,878 New
UBS Group
19
UBS Group
Switzerland
$487M +$230M +1,978,932 +65%
BNP Paribas Financial Markets
20
BNP Paribas Financial Markets
France
$462M +$43.2M +371,175 +8%
GAMH
21
Greenwoods Asset Management (HK)
Hong Kong
$450M +$13.7M +117,733 +3%
HSBC Holdings
22
HSBC Holdings
United Kingdom
$417M -$8.68M -74,641 -2%
EFM
23
E Fund Management
China
$415M -$45M -387,111 -8%
Legal & General Group
24
Legal & General Group
United Kingdom
$408M +$5.55M +47,744 +1%
SIM
25
SRS Investment Management
New York
$394M -$33.4M -287,136 -7%
1
2 3 4 5

PDD Hedge Fund Activity: Q4 2024 in Review

586 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Pinduoduo (PDD) for Q4 2024, worth a combined $39.5B — down 29% from $55.8B a quarter earlier.

Sellers outnumbered buyers: 118 funds closed out of PDD and 114 opened new positions — a net loss of 4 holders — while 224 trimmed existing stakes and 194 added.

The largest buyer was Sanders Capital, opening a new position worth an estimated $600M. The largest seller was UBS AM, cutting an estimated $1.42B.

  • 586 institutional investors held Pinduoduo (PDD) as of Q4 2024, down from 600 in Q3 2024.
  • Funds reported $39.5B of Pinduoduo stock for Q4 2024, down 29% quarter-over-quarter.
  • 114 funds opened new Pinduoduo positions in Q4 2024 and 118 closed out, a net change of -4 holders.
  • The largest Pinduoduo buyer in Q4 2024 was Sanders Capital, an estimated $600M added.
  • The largest Pinduoduo seller in Q4 2024 was UBS AM, an estimated $1.42B sold.

Based on aggregated 13F filings for Q4 2024.