Punch Card Management — PDD

How Punch Card Management's position in PDD Holdings Inc. changed quarter by quarter. Change badges compare each quarter to the fund's immediately-prior filing.

Quarters held

2

First reported

Q4 2025

Latest value

$42,405,109

Latest weight

15.7%

Peak weight

15.7%

Shares since first

0%

Position Trend

Shares, value, and weight from first report to latest report.

Punch Card Management first reported 415,004 shares in Q4 2025 and most recently reported 415,004 shares in Q1 2026. Portfolio weight peaked at 15.7% in Q1 2026; the low reported weight was 15.6% in Q4 2025.

Since the first report, shares are 0% and reported value is -9.9%. Latest move: —