Caption Management, LLC

Position in PDD — PDD Holdings Inc.

CIK 1706766 OKLAHOMA CITY, OK

Back to PDD Full portfolio

Position in PDD

as of Mar 31, 2026 · filed May 15, 2026 Compact

Position Value

$766,350

-$5,835,144 QoQ

Shares Held

7,500

-85.0% QoQ

Ownership

0.001%

of shares outstanding

% of Portfolio

0.04%

of 13F equity value

Holder Rank

—

not a current holder

Holding Since

Mar 2020

18 quarters on record

Voting authority Sole 100% Shared 0% None 0%

Common Shares in PDD Over Time

Shares Held

Position Value (USD)

Derivatives in PDD

reported options exposure · as of Sep 30, 2025

CallValue

CallShares

PutValue

$3,568,590

PutShares

27,000

Notional value of option positions as reported on Form 13F. Calls and puts are disclosed separately and do not net against the common-share stake above.

Position in Internet Retail

Consumer Cyclical · as of Jun 30, 2026

Caption Management, LLC holds $104,601,331 across 3 Internet Retail names.

#	Ticker	Company	Shares	Value (USD)
1	AMZN	Amazon Com Inc	428,000	$102,009,520
2	CPNG	Coupang, Inc.	130,000	$2,258,100
3	ETSY	Etsy Inc	4,430	$333,711

All Filings in PDD

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36 filing rows on record

Report Date	Value (USD)	Shares	Change	Type	Discretion	Filed
2026-03-31	$766,350	7,500	-85.0%	Shares	Sole	2026-05-15
2025-09-30	$6,601,494	49,947	+1749.9%	Shares	Sole	2025-11-14
2025-09-30	$3,568,590	27,000	+8.0%	Put	Sole	2025-11-14
2025-06-30	$2,616,500	25,000	-61.6%	Put	Sole	2025-08-14
2025-06-30	$282,582	2,700	-74.5%	Shares	Sole	2025-08-14
2025-03-31	$7,704,585	65,100	-56.6%	Put	Sole	2025-05-15
2025-03-31	$1,255,575	10,609	-91.1%	Shares	Sole	2025-05-15
2024-12-31	$10,668,900	110,000	+10.0%	Call	Sole	2025-02-14
2024-12-31	$14,548,500	150,000	+50.0%	Put	Sole	2025-02-14
2024-12-31	$11,541,810	119,000	+2875.0%	Shares	Sole	2025-02-14
2024-09-30	$13,481,000	100,000	+1076.5%	Put	Sole	2024-11-14
2024-09-30	$539,240	4,000	-64.9%	Shares	Sole	2024-11-14
2024-06-30	$1,130,075	8,500	-97.3%	Put	Sole	2024-08-14
2024-03-31	$1,325,250	11,400	+234.9%	Shares	Sole	2024-05-15
2024-03-31	$11,625,000	100,000	-24.0%	Call	Sole	2024-05-15
2024-03-31	$36,781,500	316,400	+26.4%	Put	Sole	2024-05-15
2023-12-31	$36,636,024	250,400	+100.3%	Put	Sole	2024-02-14
2023-12-31	$19,239,765	131,500	+317.5%	Call	Sole	2024-02-14
2023-12-31	$498,039	3,404	-84.5%	Shares	Sole	2024-02-14
2023-09-30	$12,258,750	125,000	+108.3%	Put	Sole	2023-11-14
2023-09-30	$2,157,540	22,000	-6.0%	Shares	Sole	2023-11-14
2023-09-30	$3,089,205	31,500	-68.5%	Call	Sole	2023-11-14
2022-03-31	$938,574	23,400	-83.1%	Shares	Sole	2022-05-13
2022-03-31	$2,406,600	60,000	-58.6%	Put	Sole	2022-05-13
2021-09-30	$13,147,150	145,000	+93.3%	Put	Sole	2021-11-12
2021-09-30	$12,566,862	138,600	+369.8%	Shares	Sole	2021-11-12
2021-06-30	$3,747,090	29,500	+91.9%	Shares	Sole	2021-08-16
2021-06-30	$9,526,500	75,000	+114.3%	Put	Sole	2021-08-16
2021-03-31	$13,388,000	100,000	+33.3%	Call	Sole	2021-05-17
2020-12-31	$6,218,450	35,000	-70.2%	Put	Sole	2021-02-16
2020-12-31	$2,731,676	15,375	-77.7%	Shares	Sole	2021-02-16
2020-09-30	$5,101,520	68,800	—	Shares	Sole	2020-11-16
2020-09-30	$8,712,625	117,500	+422.2%	Put	Sole	2020-11-16
2020-06-30	$1,931,400	22,500	—	Put	Sole	2020-08-14
2020-06-30	$6,438,000	75,000	-25.0%	Call	Sole	2020-08-14
2020-03-31	$3,603,000	100,000	—	Call	Sole	2020-05-15
No filing history on record for this holder in this stock.