Pinduoduo
PDD
509 hedge funds and large institutions have $32.9B invested in Pinduoduo in 2026 Q2 according to their latest regulatory filings, with 61 funds opening new positions, 149 increasing their positions, 237 reducing their positions, and 115 closing their positions.
9% more call options, than puts
Call options by funds: $3.86B | Put options by funds: $3.55B
0.3% more ownership
Funds ownership: 29.96% → 30.26% (+0.3%)
10% less funds holding
Funds holding: 568 → 509 (-59)
19% less funds holding in top 10
Funds holding in top 10: 54 → 44 (-10)
25% less capital invested
Capital invested by funds: $43.7B → $32.9B (-$10.8B)
37% less repeat investments, than reductions
Existing positions increased: 149 | Existing positions reduced: 237
47% less first-time investments, than exits
New positions opened: 61 | Existing positions closed: 115
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Himalaya Capital Management
Seattle,
Washington
|
+$568M |
| 2 |
HHII
H&H International Investment
Palo Alto,
California
|
+$487M |
| 3 |
Jane Street
New York
|
+$427M |
| 4 |
Goldman Sachs
New York
|
+$397M |
| 5 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
+$333M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$687M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$442M |
| 3 |
HA
HHLR Advisors
Grand Cayman,
Cayman Islands
|
-$339M |
| 4 |
SG Americas Securities
New York
|
-$266M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$251M |
PDD Hedge Fund Activity: Q2 2026 in Review
509 of the 8,349 institutional investors tracked by Wall St. Rank reported a position in Pinduoduo (PDD) for Q2 2026, worth a combined $32.9B — down 25% from $43.7B a quarter earlier.
Sellers outnumbered buyers: 115 funds closed out of PDD and 61 opened new positions — a net loss of 54 holders — while 237 trimmed existing stakes and 149 added.
The largest buyer was Himalaya Capital Management, adding an estimated $568M. The largest seller was BlackRock, cutting an estimated $687M.
- 509 institutional investors held Pinduoduo (PDD) as of Q2 2026, down from 568 in Q1 2026.
- Funds reported $32.9B of Pinduoduo stock for Q2 2026, down 25% quarter-over-quarter.
- 61 funds opened new Pinduoduo positions in Q2 2026 and 115 closed out, a net change of -54 holders.
- The largest Pinduoduo buyer in Q2 2026 was Himalaya Capital Management, an estimated $568M added.
- The largest Pinduoduo seller in Q2 2026 was BlackRock, an estimated $687M sold.
Based on aggregated 13F filings for Q2 2026.