In a recent 13F filing with the SEC, Jim Simons' quantitative hedge fund, Renaissance Technologies, revealed it had sold its entire position in PDD Holdings. The disclosure, filed on August 13, 2026, reflects trades made during the second quarter, which ended June 30, 2026. These filings provide a delayed look at a fund's portfolio, so the trades occurred at some point during that three-month period.
The firm sold all of its 1.11 million shares in the e-commerce giant, a stake previously valued at $113.70 million. PDD Holdings is a multinational commerce group that operates a portfolio of businesses, including the rapidly growing international shopping app Temu. The company is expected to release its second-quarter 2026 earnings on August 24.