Cephei Capital Management Hong Kong Ltd decreased its holdings in Pinduoduo Inc. (NASDAQ:PDD – Get Rating ) by 45.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,385 shares of the company’s stock after selling 80,385 shares during the quarter. Pinduoduo comprises approximately 75.3% of Cephei Capital Management Hong Kong Ltd’s portfolio, making the stock its biggest position. Cephei Capital Management Hong Kong Ltd’s holdings in Pinduoduo were worth $5,561,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds have...