Pinduoduo
PDD
568 hedge funds and large institutions have $43.7B invested in Pinduoduo in 2026 Q1 according to their latest regulatory filings, with 78 funds opening new positions, 224 increasing their positions, 193 reducing their positions, and 73 closing their positions.
16% more repeat investments, than reductions
Existing positions increased: 224 | Existing positions reduced: 193
9% more call options, than puts
Call options by funds: $3.46B | Put options by funds: $3.18B
7% more first-time investments, than exits
New positions opened: 78 | Existing positions closed: 73
0.89% less ownership
Funds ownership: 30.86% → 29.96% (-0.89%)
1% less funds holding
Funds holding: 574 → 568 (-6)
12% less capital invested
Capital invested by funds: $49.6B → $43.7B (-$5.94B)
13% less funds holding in top 10
Funds holding in top 10: 62 → 54 (-8)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS AM
Chicago,
Illinois
|
+$902M |
| 2 |
HHII
H&H International Investment
Palo Alto,
California
|
+$863M |
| 3 |
NI
NetEase Inc
Hangzhou,
China
|
+$558M |
| 4 |
SG Americas Securities
New York
|
+$322M |
| 5 |
JP Morgan Chase
New York
|
+$299M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$872M |
| 2 |
HA
HHLR Advisors
Grand Cayman,
Cayman Islands
|
-$689M |
| 3 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$477M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$440M |
| 5 |
AMH
Aspex Management (HK)
Central,
Hong Kong
|
-$353M |
PDD Hedge Fund Activity: Q1 2026 in Review
568 of the 8,187 institutional investors tracked by Wall St. Rank reported a position in Pinduoduo (PDD) for Q1 2026, worth a combined $43.7B — down 12% from $49.6B a quarter earlier.
Buyers outnumbered sellers: 78 funds opened new PDD positions and 73 closed out — a net gain of 5 holders — while 224 added to existing stakes and 193 trimmed.
The largest buyer was UBS AM, adding an estimated $902M. The largest seller was Fidelity Investments, cutting an estimated $872M.
- 568 institutional investors held Pinduoduo (PDD) as of Q1 2026, down from 574 in Q4 2025.
- Funds reported $43.7B of Pinduoduo stock for Q1 2026, down 12% quarter-over-quarter.
- 78 funds opened new Pinduoduo positions in Q1 2026 and 73 closed out, a net change of +5 holders.
- The largest Pinduoduo buyer in Q1 2026 was UBS AM, an estimated $902M added.
- The largest Pinduoduo seller in Q1 2026 was Fidelity Investments, an estimated $872M sold.
Based on aggregated 13F filings for Q1 2026.