PDD Stock Slides to 167th in Trading Volume as 3G Capital Shifts Focus

PDD closed at a 1.62% decline on August 14, 2025, with a trading volume of $0.59 billion, reflecting a 24.53% drop compared to the previous day. The stock ranked 167th in volume among listed equities, indicating reduced short-term liquidity demand.

A shift in institutional positioning was observed as 3G Capital increased its stake in PDD while exiting positions in Amazon and DraftKings. This strategic reallocation suggests heightened confidence in PDD's growth trajectory relative to its peers, though broader market rotation risks remain a factor in near-term price volatility.

The strategy of buying the top 500 stocks by daily trading volume and holding them for one day from 2022 to now delivered moderate returns. The 1-day return was 0.98%, with a total return of 31.52% over 365 days. This indicates the strategy captured some short-term momentum but also reflected market volatility and potential timing risks.