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Here’s Why PDD Holdings (PDD) Detracted in Q4

GreenWood Investors, an investment management company, released its fourth quarter investor letter. A copy of the letter can be downloaded here. The fund’s separate accounts composite generated 16.6% returns, in 2024, roughly in line with the benchmark MSCI ACWI return of 16.3%. Since inception to date, the strategy returned 10.8% CAGR compared to 7.7% for ACWI. In addition, please check the fund’s top five holdings to know its best picks in 2024.

GreenWood Investors highlighted stocks like PDD Holdings Inc. (NASDAQ:PDD), in the fourth quarter 2024 investor letter. PDD Holdings Inc....