Pinduoduo
PDD
585 hedge funds and large institutions have $49.1B invested in Pinduoduo in 2025 Q1 according to their latest regulatory filings, with 98 funds opening new positions, 228 increasing their positions, 186 reducing their positions, and 94 closing their positions.
197% more capital inflows, than outflows
Capital inflows: $9.7B | Capital outflows: $3.28B
28% more call options, than puts
Call options by funds: $7.04B | Put options by funds: $5.52B
23% more repeat investments, than reductions
Existing positions increased: 228 | Existing positions reduced: 186
3.99% more ownership
Funds ownership: 28.85% → 32.85% (+4%)
4% more first-time investments, than exits
New positions opened: 98 | Existing positions closed: 94
0% less funds holding
Funds holding: 587 → 585 (-2)
5% less funds holding in top 10
Funds holding in top 10: 74 → 70 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$4.51B |
| 2 |
UBS AM
Chicago,
Illinois
|
+$928M |
| 3 |
HHLR Advisors
Grand Cayman,
Cayman Islands
|
+$440M |
| 4 |
Orbis Allan Gray
Hamilton,
Bermuda
|
+$264M |
| 5 |
Krane Funds Advisors
New York
|
+$254M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$284M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$224M |
| 3 |
Nuveen
Charlotte,
North Carolina
|
-$166M |
| 4 |
JP Morgan Chase
New York
|
-$137M |
| 5 |
Whale Rock Capital Management
Boston,
Massachusetts
|
-$134M |
PDD Hedge Fund Activity: Q1 2025 in Review
585 of the 7,481 institutional investors tracked by Wall St. Rank reported a position in Pinduoduo (PDD) for Q1 2025, worth a combined $49.1B — up 24% from $39.5B a quarter earlier.
Buyers outnumbered sellers: 98 funds opened new PDD positions and 94 closed out — a net gain of 4 holders — while 228 added to existing stakes and 186 trimmed.
The largest buyer was Mirae Asset Global Investments, adding an estimated $4.51B. The largest seller was Morgan Stanley, cutting an estimated $284M.
- 585 institutional investors held Pinduoduo (PDD) as of Q1 2025, down from 587 in Q4 2024.
- Funds reported $49.1B of Pinduoduo stock for Q1 2025, up 24% quarter-over-quarter.
- 98 funds opened new Pinduoduo positions in Q1 2025 and 94 closed out, a net change of +4 holders.
- The largest Pinduoduo buyer in Q1 2025 was Mirae Asset Global Investments, an estimated $4.51B added.
- The largest Pinduoduo seller in Q1 2025 was Morgan Stanley, an estimated $284M sold.
Based on aggregated 13F filings for Q1 2025.