5 Best ADR Stocks To Buy Now

4. PDD Holdings Inc. (NASDAQ:PDD)

Number of Hedge Fund Investors In Q2 2023: 67

PDD Holdings Inc. (NASDAQ:PDD) operates an electronic commerce platform that enables people to buy a wide variety of products such as home appliances and furniture. The firm’s second quarter earnings proved to be a catalyst for the stock as the shares jumped in double digits after it grew revenue by 66%.

By the end of this year’s second quarter, 67 hedge funds out of the 910 part of Insider Monkey’s research had invested in the company. PDD Holdings Inc. (NASDAQ:PDD)’s largest hedge fund investor is Lei Zhang’s Hillhouse Capital Management due to its $565 million stake.

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