PDD HOLDINGS INC - Security Detail

Period	Total Value	Value Change	Total Holders	Holder Change
2024-06-30	$57.77B	-	635	-
2024-09-30	$54.59B	-5.5%	587	-7.6%
2024-12-31	$37.78B	-30.8%	513	-12.6%

Institution	Value	Shares	% of Portfolio
CAPITAL TODAY EVERGREEN FUND, L.P.	$241.9M	2,493K	85.8%
HSG HOLDING LTD	$1972.9M	13,595K	81.5%
IDG CHINA VENTURE CAPITAL FUND IV ASSOCIATES L.P.	$282.3M	2,910K	65.5%
MAYTREE ASSET MANAGEMENT LTD	$23.1M	238K	52.3%
LEADING SECURITIES CO LTD	$13.5M	139K	43.9%
IVYROCK ASSET MANAGEMENT LTD	$90.2M	930K	39.8%
SHENGQI CAPITAL LTD	$48.5M	500K	29.4%
SHENGQI CAPITAL LTD	$46.6M	480K	28.3%
TRIATA CAPITAL LTD	$64.9M	668K	26.9%
FIRST BEIJING INVESTMENT LTD	$365.2M	3,765K	25.9%
NEW THINKING INVESTMENT MANAGEMENT CO. LTD	$2.3M	23K	25.2%
ALPINVEST PARTNERS B.V.	$21.1M	218K	22.1%
PERSEVERANCE ASSET MANAGEMENT INTERNATIONAL	$159.7M	1,646K	21.5%
E FUND MANAGEMENT CO., LTD.	$414.8M	4,276K	20.8%
ORLAND PROPERTIES LTD	$13.5M	138K	19.6%
CEDERBERG CAPITAL LTD	$55.1M	568K	18.7%
BLUE CREEK CAPITAL MANAGEMENT LTD	$11.3M	116K	15.5%
GREENWOODS ASSET MANAGEMENT HONG KONG LTD.	$449.6M	4,635K	14.2%
BRILLIANCE ASSET MANAGEMENT LTD	$62.7M	646K	14.1%
ALDEN GLOBAL CAPITAL LLC	$14.0M	144K	13.6%
3G CAPITAL PARTNERS LP	$41.2M	425K	11.8%
AI-SQUARED MANAGEMENT LTD	$11.2M	115K	11.4%
KRANE FUNDS ADVISORS LLC	$274.0M	2,825K	11.2%
ALPINE INVESTMENT MANAGEMENT LTD	$38.8M	400K	11.0%
CAT ROCK CAPITAL MANAGEMENT LP	$79.8M	822K	10.4%

Ticker	Exchange	Security	Similarity Score	Common Holders	Total Holders
YMM	US	FULL TRUCK ALLIANCE -SPN ADR	0.096	17	177
EDU	US	NEW ORIENTAL EDUCATIO-SP ADR	0.077	14	181
BEKE	US	KE HOLDINGS INC-ADR	0.071	19	266
RBOT	US	VICARIOUS SURGICAL INC-A	0.069	2	29
NOAH	US	NOAH HOLDINGS LTD-SPON ADS	0.068	5	73
ATAT	US	ATOUR LIFESTYLE HOLDINGS-ADR	0.063	9	143
BZ	US	KANZHUN LTD - ADR	0.058	12	207
TAL	US	TAL EDUCATION GROUP- ADR	0.052	11	211
MNSO	US	MINISO GROUP HOLDING LTD-ADR	0.048	5	104
DDL	US	DINGDONG CAYMAN LTD -SPN ADR	0.045	3	66
FUTU	US	FUTU HOLDINGS LTD-ADR	0.045	12	265
AS	US	AMER SPORTS INC	0.043	8	186
PDD 0 12/01/25	TRACE	PDD HOLDINGS INC	0.042	2	48
RERE	US	ATRENEW INC	0.040	2	50
QFIN	US	QIFU TECHNOLOGY INC	0.037	9	243
BTDR	US	BITDEER TECHNOLOGIES GROUP-A	0.035	4	114
NTES	US	NETEASE INC-ADR	0.034	10	297
DQ	US	DAQO NEW ENERGY CORP-ADR	0.033	4	120
API	US	AGORA INC-ADR	0.033	2	60
HTHT	US	H WORLD GROUP LTD-ADR	0.031	6	191
TCOM	US	TRIP.COM GROUP LTD-ADR	0.031	11	354
KSPI	US	JSC KASPI.KZ ADR	0.031	5	161
TME	US	TENCENT MUSIC ENTERTAINM-ADR	0.031	8	260
RLX	US	RLX TECHNOLOGY INC-ADR	0.030	3	99
VNET	US	VNET GROUP INC-ADR	0.029	3	103