Cephei Capital Management Hong Kong Ltd decreased its holdings in Pinduoduo Inc. (NASDAQ:PDD – Get Rating ) by 45.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 95,385 shares of the company’s stock after selling 80,385 shares during the quarter. Pinduoduo accounts for about 75.3% of Cephei Capital Management Hong Kong Ltd’s investment portfolio, making the stock its largest position. Cephei Capital Management Hong Kong Ltd’s holdings in Pinduoduo were worth $5,561,000 as of its most recent filing with the SEC. A number of other institutional investors have also…