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Pinduoduo

558 hedge funds and large institutions have $53.9B invested in Pinduoduo in 2025 Q3 according to their latest regulatory filings, with 92 funds opening new positions, 221 increasing their positions, 176 reducing their positions, and 66 closing their positions.

New
Increased
Maintained
Reduced
Closed

39% more first-time investments, than exits

New positions opened: 92 | Existing positions closed: 66

26% more capital invested

Capital invested by funds: $42.9B → $53.9B (+$11B)

26% more repeat investments, than reductions

Existing positions increased: 221 | Existing positions reduced: 176

4% more funds holding

Funds holding: 536558 (+22)

10% more call options, than puts

Call options by funds: $10.3B | Put options by funds: $9.38B

0% more funds holding in top 10

Funds holding in top 10: 6565 (0)

0.1% less ownership

Funds ownership: 28.87%28.77% (-0.1%)

Holders
558
Holders Change
+22
Holders Change %
+4.1%
% of All Funds
7.32%
Holding in Top 10
65
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.85%
New
92
Increased
221
Reduced
176
Closed
66
Calls
$10.3B
Puts
$9.38B
Net Calls
+$907M
Net Calls Change
+$1.55B
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$4.74B +$301M +2,544,510 +8%
Vanguard Group
2
Vanguard Group
Pennsylvania
$4.28B +$41.3M +348,997 +1%
Baillie Gifford & Co
3
Baillie Gifford & Co
United Kingdom
$4.2B -$305M -2,573,709 -7%
Fidelity Investments
4
Fidelity Investments
Massachusetts
$2.29B +$283M +2,386,648 +16%
State Street
5
State Street
Massachusetts
$1.6B +$44.4M +374,909 +3%
HH
6
HSG Holding
Hong Kong
$1.48B -$266M -2,247,569 -17%
Goldman Sachs
7
Goldman Sachs
New York
$1.33B -$9.53M -80,497 -0.8%
SUT
8
SC US (TTGP)
California
$1.17B -$207M -1,751,059 -17%
HA
9
HHLR Advisors
Cayman Islands
$1.14B +$191M +1,615,796 +23%
HHII
10
H&H International Investment
California
$1.13B -$10.5M -88,500 -1%
HSBC Holdings
11
HSBC Holdings
United Kingdom
$1.11B +$483M +4,082,645 +94%
Sanders Capital
12
Sanders Capital
Florida
$1.07B -$46.6M -393,320 -5%
Fidelity International
13
Fidelity International
Bermuda
$953M +$433M +3,653,902 +103%
Morgan Stanley
14
Morgan Stanley
New York
$938M -$123M -1,039,647 -13%
OAG
15
Orbis Allan Gray
Bermuda
$918M +$153M +1,294,611 +23%
Geode Capital Management
16
Geode Capital Management
Massachusetts
$840M +$20.5M +173,321 +3%
FBIL
17
First Beijing Investment Ltd
Hong Kong
$815M +$69.9M +590,869 +11%
KFA
18
Krane Funds Advisors
New York
$792M +$148M +1,247,634 +26%
JP Morgan Chase
19
JP Morgan Chase
New York
$738M +$98.4M +831,263 +17%
T. Rowe Price Associates
20
T. Rowe Price Associates
Maryland
$710M +$39.4M +332,847 +7%
Invesco
21
Invesco
Georgia
$698M +$156M +1,315,382 +33%
BNP Paribas Financial Markets
22
BNP Paribas Financial Markets
France
$667M -$49.9M -421,328 -8%
Jane Street
23
Jane Street
New York
$618M +$347M +2,934,823 +169%
HCM
24
Himalaya Capital Management
Washington
$609M
Legal & General Group
25
Legal & General Group
United Kingdom
$598M +$6.57M +55,521 +1%