5 Best European Stocks To Buy Now

2. PDD Holdings Inc. (NASDAQ:PDD)

Number of Hedge Fund Investors in Q2 2023: 67

PDD Holdings Inc. (NASDAQ:PDD) is the holding company for the Chinese retailer Pinduoduo. Despite a slowing Chinese economy, the firm has beaten analyst EPS estimates in all four of its latest quarters and analysts have rated the shares as Strong Buy on average.

By the end of this year’s second quarter, 67 out of the 910 hedge funds polled by Insider Monkey had bought the firm’s shares. PDD Holdings Inc. (NASDAQ:PDD)’s biggest stakeholder among these is Lei Zhang’s Hillhouse Capital Management as it owns $565 million worth of shares.

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