PDD Holdings Inc. · Brief

Next report

17 days

Nov 17 · before openest.

Expected move

±3.7%implied · report alone

75.6981.53

straddle ±7.0%

spot 78.61exp Nov 20ATM strike 79ATM straddle 6.45IV 43%

Oct 30 closereport share · term structure

Expected move

—≥ implied

Aug 25 '26±3.2%▲+0.78%×0.24

quarterimplied−5%0+5%realized×

Aug '26±3.2%▲+0.78%×0.24

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Nov 17 report · est.

Bull2

517managers reporting a position in latest quarterly filings13F · Jun 30 '26

+22.71%change in shares held by the largest reporting managers over the latest quarter13F · Jun 30 '26

Bear2

42managers holding most of reported value13F · Jun 30 '26

7 of 22largest reporting managers reduced their stake in the latest quarter13F · Jun 30 '26

AI captions · Oct 26 '26once per report · top 2 per case

PDD report session

No linked exposure.

No changes.

privateThesis 0 · Decisions 0 · Observations 0

No thesis.