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Pinduoduo

573 hedge funds and large institutions have $47.9B invested in Pinduoduo in 2025 Q4 according to their latest regulatory filings, with 101 funds opening new positions, 230 increasing their positions, 173 reducing their positions, and 73 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more first-time investments, than exits

New positions opened: 101 | Existing positions closed: 73

33% more repeat investments, than reductions

Existing positions increased: 230 | Existing positions reduced: 173

3% more funds holding

Funds holding: 558573 (+15)

1.03% more ownership

Funds ownership: 28.77%29.8% (+1%)

5% less funds holding in top 10

Funds holding in top 10: 6562 (-3)

11% less capital invested

Capital invested by funds: $53.9B → $47.9B (-$6B)

15% less call options, than puts

Call options by funds: $5.08B | Put options by funds: $5.95B

Holders
573
Holders Change
+15
Holders Change %
+2.69%
% of All Funds
6.97%
Holding in Top 10
62
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-4.62%
% of All Funds
0.75%
New
101
Increased
230
Reduced
173
Closed
73
Calls
$5.08B
Puts
$5.95B
Net Calls
-$871M
Net Calls Change
-$1.78B
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$4.44B +$411M +3,308,901 +9%
Vanguard Group
2
Vanguard Group
Pennsylvania
$3.72B +$52.9M +425,908 +1%
Baillie Gifford & Co
3
Baillie Gifford & Co
United Kingdom
$3.52B -$95.2M -766,680 -2%
Fidelity Investments
4
Fidelity Investments
Massachusetts
$1.66B -$338M -2,721,955 -16%
State Street
5
State Street
Massachusetts
$1.39B +$19.1M +153,878 +1%
HHII
6
H&H International Investment
California
$1.31B +$368M +2,962,500 +35%
HA
7
HHLR Advisors
Cayman Islands
$1.22B +$264M +2,128,800 +25%
HH
8
HSG Holding
Hong Kong
$1.2B
Norges Bank
9
Norges Bank
Norway
$1.07B +$1.17B +9,396,292 New
SUT
10
SC US (TTGP)
California
$1B
Goldman Sachs
11
Goldman Sachs
New York
$1B -$152M -1,224,528 -12%
Sanders Capital
12
Sanders Capital
Florida
$920M -$2.6M -20,963 -0.3%
FBIL
13
First Beijing Investment Ltd
Hong Kong
$769M +$76.3M +614,234 +10%
Assenagon Asset Management
14
Assenagon Asset Management
Luxembourg
$763M +$630M +5,070,827 +306%
Geode Capital Management
15
Geode Capital Management
Massachusetts
$762M +$44.7M +359,921 +6%
Fidelity International
16
Fidelity International
Bermuda
$739M -$86.4M -696,268 -10%
KFA
17
Krane Funds Advisors
New York
$725M +$32.1M +258,888 +4%
Invesco
18
Invesco
Georgia
$698M +$109M +881,582 +17%
Morgan Stanley
19
Morgan Stanley
New York
$675M -$142M -1,147,316 -16%
BNP Paribas Financial Markets
20
BNP Paribas Financial Markets
France
$584M +$12.9M +103,810 +2%
JP Morgan Chase
21
JP Morgan Chase
New York
$575M -$63.7M -513,089 -9%
Capital International Investors
22
Capital International Investors
California
$533M +$100M +807,336 +21%
HSBC Holdings
23
HSBC Holdings
United Kingdom
$531M -$464M -3,738,306 -44%
Temasek Holdings
24
Temasek Holdings
Singapore
$531M +$41.5M +334,647 +8%
HCM
25
Himalaya Capital Management
Washington
$523M