Vault-13

PDD HOLDINGS INC PDD 0 10.01.24

NOTE 10/0 · GLOBAL · CUSIP 722304AB8

13 institutional holders -3 vs Q1 2023
3,525,1033.5m shares reported held*
$320.5mreported value*
1 new 4 added 1 reduced 4 sold out net sold ≈ $9.6m (-6.0m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($23.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $97.59.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

01020Q3 22: 11Q4 22: 14Q1 23: 16Q2 23: 1313Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202211
Q4 202214
Q1 202316
Q2 202313

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
10010Q4 22: 8 bought or addedQ4 22: 5 cut or sold outQ4 22Q1 23: 5 bought or addedQ1 23: 8 cut or sold outQ1 23Q2 23: 5 bought or addedQ2 23: 5 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 202285
Q1 202358
Q2 202355

Biggest buyers

DeepCurrents Investment Group LLC Added +6,310,000+6.3m
WOLVERINE ASSET MANAGEMENT LLC Added +2,407,000+2.4m
WELLS FARGO & COMPANY/MN Added +26,000+26.0k
Verition Fund Management LLC Added +2,017+2.0k
Activest Wealth Management New +103+103

Biggest sellers

LORD, ABBETT & CO. LLC Sold out -5,988,000-6.0m
LORD, ABBETT & CO. LLC Sold out -5,988,000-6.0m
SCHRODER INVESTMENT MANAGEMENT GROUP Reduced -1,848,000-1.8m
CITIGROUP INC Sold out -581,000-581.0k
SG Americas Securities, LLC Sold out -116,250-116.2k

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 WOLVERINE ASSET MANAGEMENT LLC 2.62% of their portfolio CHICAGO, IL 84,238,00084.2m $139.3m $139.3m 2.62% Added +2.4m +2,407,000
2 DeepCurrents Investment Group LLC 3.16% of their portfolio NEW YORK, NY 44,428,00044.4m $73.5m $73.5m 3.16% Added +6.3m +6,310,000
3 LMR Partners LLP 1.31% of their portfolio LONDON, X0 35,000,00035.0m $57.8m $57.8m 1.31% Unchanged
4 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 12,071,00012.1m $19.9m $19.9m 0.00% Unchanged
5 Calamos Advisors LLC 0.06% of their portfolio NAPERVILLE, IL 6,750,0006.8m $11.2m $11.2m 0.06% Unchanged
6 Walleye Capital LLC 0.15% of their portfolio NEW YORK, NY 5,315,0005.3m $8.8m $8.8m 0.15% Unchanged
7 MIZUHO SECURITIES USA LLC 0.19% of their portfolio NEW YORK, NY 3,525,0003.5m $5.8m $5.8m 0.19% Unchanged
8 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 1,890,0001.9m $3.1m $3.1m 0.00% Reduced -1.8m -1,848,000
9 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 500,000500.0k $825.3k $825.3k 0.00% Unchanged
10 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 214,000214.0k $354.4k $354.4k 0.00% Added +26.0k +26,000
11 Verition Fund Management LLC 0.37% of their portfolio GREENWICH, CT 14,20514.2k $23.5m $23.5m 0.37% Added +2.0k +2,017
12 Activest Wealth Management 0.01% of their portfolio AVENTURA, FL 103103 $10.0k $10.0k 0.01% New
13 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged