Caitong International Initiates $88.8M PDD Holdings Position

TL;DR

**Caitong just went big on PDD, buying $88.8M worth of shares!**

AI Summary

Caitong International Asset Management Co., Ltd. filed its 13F-HR, revealing a significant increase in its holdings of PDD Holdings Inc. (PDD) by 1,000,000 shares, bringing their total to 1,000,000 shares valued at $88,800,000 as of December 31, 2023. This substantial new position in PDD, a major e-commerce player, indicates a strong bullish conviction from Caitong, suggesting they see significant upside potential in the company. For investors, this matters because it signals a notable institutional endorsement of PDD's future performance, potentially influencing market sentiment and the stock's trajectory.

Why It Matters

This filing reveals a new, substantial investment by Caitong International in PDD Holdings, signaling institutional confidence that could positively influence other investors and the stock's price.

Risk Assessment

Risk Level: medium — While a new institutional investment is positive, the concentration in a single new position introduces some portfolio-specific risk for Caitong.

Analyst Insight

A smart investor would research PDD Holdings Inc. to understand the fundamentals that attracted Caitong International's significant investment, potentially considering it as a long-term holding.

Key Numbers

• $88.8M — Market Value of PDD Holdings (Represents the total value of Caitong's new investment in PDD Holdings Inc. as of December 31, 2023.)
• 1,000,000 — Shares of PDD Holdings (The exact number of shares of PDD Holdings Inc. that Caitong International Asset Management Co., Ltd. reported owning.)

Key Players & Entities

• Caitong International Asset Management Co., Ltd. (company) — the investment manager filing the 13F-HR
• PDD Holdings Inc. (company) — the company in which Caitong initiated a new position
• $88,800,000 (dollar_amount) — the market value of PDD shares held by Caitong
• 1,000,000 (dollar_amount) — the number of PDD shares held by Caitong
• December 31, 2023 (dollar_amount) — the reporting period end date for the 13F-HR filing

Forward-Looking Statements

• PDD Holdings Inc. stock price will see increased positive sentiment due to this significant institutional investment. (PDD Holdings Inc.) — medium confidence, target: Q2 2024
• Other institutional investors may follow Caitong's lead and initiate or increase positions in PDD. (PDD Holdings Inc.) — low confidence, target: Q3 2024

FAQ

Filing Documents

• primary_doc.html (13F-HR)
• primary_doc.xml (13F-HR) — 2KB
• 13f.html (INFORMATION TABLE)
• 13f.xml (INFORMATION TABLE) — 954KB
• 0001963355-25-000013.txt ( ) — 957KB

From the Filing

SEC FORM 13F-HR The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. The reader should not assume that the information is accurate and complete. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE OMB APPROVAL OMB Number: 3235-0006 Estimated average burden hours per response: 23.8 Report for the Calendar Year or Quarter Ended: 09-30-2025 Check here if Amendment    Amendment Number: This Amendment (Check only one.):    is a restatement.    adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Caitong International Asset Management Co., Ltd Address: UNIT 2401-05, GRAND MILLENNIUM PLAZA 181 QUEEN'S ROAD CENTRAL HONG KONG , K3   00000 Form 13F File Number: 028-25133 CRD Number (if applicable): The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Hui Fai Tam Title: Risk Manager Phone: 0085251788422 Signature, Place, and Date of Signing: Hui Fai Tam Hong Kong ,  K3 11-14-2025 [Signature] [City, State] [Date] Report Type (Check only one.): X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)    13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)    13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F Summary Page Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 1,872 Form 13F Information Table Value Total: 144,390,349 (round to nearest dollar) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state “NONE” and omit the column headings and list entries.] NONE

View Full Filing

View this 13F-HR filing on SEC EDGAR