PINDUODUO INC

CUSIP: 722304AC6 Class: NOTE 12/0

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

Exited Positions (35)

AnglePoint Asset Management Ltd
Value ($000) $14,869 Shares 15,000,000
Pinpoint Asset Management (Singapore) Pte. Ltd.
Value ($000) $21,149 Shares 21,327,000
PenderFund Capital Management Ltd.
Value ($000) $18,380 Shares 18,500,000
DAVIDSON KEMPNER CAPITAL MANAGEMENT LP
Value ($000) $188,290 Shares 190,000,000
Infini Capital Management Ltd
Value ($000) $2,479 Shares 2,500,000
Mint Tower Capital Management B.V.
Value ($000) $10 Shares 10,000,000
Quarry LP
Value ($000) $4,084 Shares 4,100,000
Ovata Capital Management Ltd
Value ($000) $2,975 Shares 3,000,000
CoreView Capital Management Ltd
Value ($000) $2,479 Shares 2,500,000
Bellecapital International Ltd.
Value ($000) $992 Shares 1,000,000
WHITEBOX ADVISORS LLC
Value ($000) $7,928 Shares 8,000,000
LMR Partners LLP
Value ($000) $30,776 Shares 31,035,000
Sculptor Capital LP
Value ($000) $7,437 Shares 7,500,000
PALISADE CAPITAL MANAGEMENT, LP
Value ($000) $2,839 Shares 2,865,000
Calamos Advisors LLC
Value ($000) $14,875 Shares 15,000,000
Brevan Howard Capital Management LP
Value ($000) $9,426 Shares 9,500,000
HSBC HOLDINGS PLC
Value ($000) $34,728 Shares 35,000,000
MILLENNIUM MANAGEMENT LLC
Value ($000) $35,228 Shares 35,500,000
Allianz Asset Management GmbH
Value ($000) $10,730 Shares 10,800,000
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt
Value ($000) $6,697 Shares 6,750,000