Capital Today Evergreen Fund, L.P. PDD — PDD HOLDINGS INC

Ownership history in Capital Today Evergreen Fund, L.P.  ·  11 quarters on record

AI Ownership Summary

Capital Today Evergreen Fund, L.P. reported PDD HOLDINGS INC (PDD) in 11 quarterly 13F filings from 2023 Q4 through 2026 Q1. Peak portfolio weight reached 95.27% in 2023 Q4. The latest visible filing shows PDD at 81.80% of the fund.

This page tracks quarterly shares, estimated market value, portfolio weight, filing dates, and disclosure-aligned stock prices directly from SEC EDGAR 13F filings. Older history is available after unlock; the visible window still shows the most recent pattern.

What this PDD ownership page tells you

This page is designed to answer the real investor question behind a 13F filing: how meaningful was Capital Today Evergreen Fund, L.P.'s position in PDD HOLDINGS INC, and how did that conviction change over time? You can read the holding window, peak weight, latest reported size, disclosure timing, and quarter-by-quarter changes without piecing the story together from raw SEC rows.

Freshest filing
Latest Reported Filing
2026 Q1

PDD was reported at 81.80% of portfolio in the most recent visible filing.

High-water mark
Peak Conviction
95.27% in 2023 Q4

Peak weight helps separate a token disclosure from a real conviction holding the fund genuinely cared about.

Time in book
Holding Window
2023 Q4 to 2026 Q1

Longer holding windows often tell a very different story from short-lived tactical trades or one-quarter experiments.

Decision context
Why It Matters
Position size beats headlines

Knowing that a fund owned a stock is useful. Knowing whether it was a 0.20% placeholder or a true high-conviction position is where the signal actually starts.

PDD stock page Capital Today Evergreen Fund, L.P. fund profile Capital Today Evergreen Fund, L.P. full holdings
How Capital Today Evergreen Fund, L.P. held PDD — position size vs. price
% of Fund (quarterly)    PDD price (quarter-end, indexed to 100)    SPY (indexed to 100)    QQQ (indexed to 100)
📋 Quarterly Holdings History 10 quarters  ▾
Quarter Action Sold % After 3M Timing Shares Change Chg % % of Fund Mkt Value Filed Price (Filed)
2026 Q1 REDUCED — — — 1,385,004 -249,073 -15.2% 81.80% $141.5M 2026-05-01 $99.72
2025 Q4 REDUCED 34.5% -9.9% ✅ 1,634,077 -859,509 -34.5% 85.65% $185.3M 2026-02-10 $105.43
2025 Q3 UNCHANGED — — — 2,493,586 — 0% 92.62% $329.6M 2025-11-13 $134.47
2025 Q2 UNCHANGED — — — 2,493,586 — 0% 91.17% $261.0M 2025-08-04 $112.04
2025 Q1 UNCHANGED — — — 2,493,586 — 0% 89.82% $295.1M 2025-05-08 $109.90
2024 Q4 ADDED — — — 2,493,586 +935,854 +60.1% 85.82% $241.9M 2025-01-31 $111.91
2024 Q3 ADDED — — — 1,557,732 +103,832 +7.1% 82.87% $210.0M 2024-11-12 $113.80
2024 Q2 UNCHANGED — — — 1,453,900 — 0% 88.55% $193.3M 2024-08-13 $144.02
2024 Q1 REDUCED 40.8% +14.4% ❌ 1,453,900 -1,000,000 -40.8% 91.48% $169.0M 2024-05-03 $140.18
2023 Q4 UNCHANGED — — — 2,453,900 — 0% 95.27% $359.0M 2024-02-14 $132.01
1 older quarter hidden  —  Sign in free or upgrade to Premium to see full history

🏢 Other funds also holding PDD

As of 2026 Q1 — sorted by position size

NetEase, Inc. 3Y 96.95% IDG China Venture Capital Fund IV Associates L.P. 3Y 81.52% HSG Holding Ltd 3Y 7Y 70.35% IvyRock Asset Management (HK) Ltd 3Y 65.78% Boundless Plain Holdings Ltd 43.57% Green Court Capital Management Ltd 3Y 7Y 39.76% Triata Capital Ltd 38.56% First Beijing Investment Ltd 35.91% True Light Capital Pte. Ltd. 32.34% HHLR ADVISORS, LTD. 3Y 7Y 25.44%

FAQ About Capital Today Evergreen Fund, L.P. and PDD

These are the practical questions this page is built to answer before you even open the full history table.

How long has Capital Today Evergreen Fund, L.P. reported owning PDD?

Capital Today Evergreen Fund, L.P. reported PDD across 10 quarterly 13F filings, from 2023 Q4 through 2026 Q1.

What was the largest reported PDD position in Capital Today Evergreen Fund, L.P.'s portfolio?

The largest reported portfolio weight for PDD was 95.27% in 2023 Q4.

What is the latest reported PDD position on this page?

The most recent filing on this page is 2026 Q1, when Capital Today Evergreen Fund, L.P. reported 1,385,004 shares, equal to 81.80% of portfolio, with an estimated market value of $141.5M.

What does the chart on this PDD ownership page compare?

The chart compares Capital Today Evergreen Fund, L.P.'s quarterly PDD portfolio weight with the stock's indexed share price, so you can see whether the fund was building, trimming, or holding the position as price moved.

How well did Capital Today Evergreen Fund, L.P. time their PDD position?

Based on 13F filing dates vs. subsequent PDD price moves, Capital Today Evergreen Fund, L.P. correctly timed 2 out of 5 reported position changes (40%). The annualised alpha on PDD relative to SPY over the holding period was -22.1%.

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