E Fund Management Hong Kong Co. Ltd. reduced its position in Pinduoduo Inc. (NASDAQ:PDD) by 24.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,627 shares of the company’s stock after selling 36,230 shares during the quarter. Pinduoduo accounts for approximately 8.9% of E Fund Management Hong Kong Co. Ltd.’s investment portfolio, making the stock its 3rd largest holding. E Fund Management Hong Kong Co. Ltd.’s holdings in Pinduoduo were worth $14,306,000 at the end of the most recent quarter. Other hedge funds have also...