13F

Position

Squarepoint Ops LLC in PDD Holdings Inc.

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Estimated mark uses implied 13F prices (value ÷ shares). Adds are treated as happening at this quarter’s mark; cuts at last quarter’s. Share jumps can be splits, not buys. This is not realized P&L.

Latest estimated mark −$43.8K$113.39$102.18

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 20253.91K$443.4K0.0%
Q1 202652.7K$5.38M$102.18−$43.8K$4.98M0.0%