Question 1

Does HHLR Advisors own PDD stock?

Accepted Answer

Yes. As of its Q2 2026 13F, HHLR Advisors holds 500,000 shares of PDD (PDD Holdings), worth $38.1M.

Question 2

How many shares of PDD does HHLR Advisors own?

Accepted Answer

As of its Q2 2026 13F, HHLR Advisors holds 500,000 shares of PDD (PDD Holdings).

Question 3

What is HHLR Advisors' PDD position worth?

Accepted Answer

As of its Q2 2026 13F, HHLR Advisors' PDD position is worth $38.1M.

Question 4

Is HHLR Advisors buying or selling PDD?

Accepted Answer

In Q2 2026, HHLR Advisors reduced its PDD position by 3,665,029 shares (-88.0%).

Question 5

When did HHLR Advisors first buy PDD?

Accepted Answer

HHLR Advisors already held PDD in its Q4 2018 13F, the earliest on record, and has listed it in 30 quarterly 13F filings.

Quarter	Action	Shares	Change	Value	Weight	Price	Conviction
2026-Q2 Latest	Decreased	500,000	-88.0%	$38.1M	4.6%	$76.28	0
2026-Q1	Decreased	4.2M	-61.1%	$425.6M	25.4%	$102.18	0
2025-Q4	Increased	10.7M	+24.8%	$1.2B	39.2%	$113.39	77
2025-Q3	Increased	8.6M	+23.2%	$1.1B	27.8%	$132.17	76
2025-Q2	Increased	7M	+6.3%	$730.2M	23.5%	$104.66	66
2025-Q1	Increased	6.6M	+140.4%	$776.7M	21.9%	$118.35	100
2024-Q4	Decreased	2.7M	-42.7%	$264.8M	9.2%	$96.99	0
2024-Q3	Decreased	4.8M	-46.4%	$642.6M	14.1%	$134.81	0