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PDD Holdings Inc.

PDD
Exchange
Nasdaq
Industry
Services-Business Services, NEC
SEC CIK
0001737806

In the last 90 days, PDD Holdings Inc. insiders filed 0 open-market purchases and 1 sale; 508 institutions reported holding it in 13F filings for Q2 2026, worth $32.9B in total; 4 superinvestors hold it, including H&H International Investment and Himalaya Capital.

13F holders, Q4 2021

Institutional positions in PDD Holdings Inc. as of Dec 31, 2021. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
362
−29 vs. Q3 2021
Shares held
270.3M
−1.41M (−0.5%) vs. Q3 2021
Total value
$15.7B
−$8.87B (−36.0%) vs. Q3 2021
New holders
69
144 more added
Sold out
98
115 more reduced

5 institutions that held it in Q3 2021 haven't filed for Q4 2021 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2021: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting PDD on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2021: 362 institutions
Q1 2021: 442 institutionsQ2 2021: 415 institutionsQ3 2021: 396 institutionsQ4 2021: 362 institutionsQ1 2022: 353 institutionsQ2 2022: 394 institutionsQ3 2022: 411 institutionsQ4 2022: 451 institutionsQ1 2023: 468 institutionsQ2 2023: 452 institutionsQ3 2023: 473 institutionsQ4 2023: 584 institutionsQ1 2024: 577 institutionsQ2 2024: 646 institutionsQ3 2024: 602 institutionsQ4 2024: 587 institutionsQ1 2025: 584 institutionsQ2 2025: 537 institutionsQ3 2025: 560 institutionsQ4 2025: 574 institutionsQ1 2026: 568 institutionsQ2 2026: 508 institutions
Value heldQ4 2021: $15.7B
Q1 2021: $31.9BQ2 2021: $31.8BQ3 2021: $24.7BQ4 2021: $15.7BQ1 2022: $11.0BQ2 2022: $17.7BQ3 2022: $19.2BQ4 2022: $26.5BQ1 2023: $25.9BQ2 2023: $23.2BQ3 2023: $35.8BQ4 2023: $55.8BQ1 2024: $44.2BQ2 2024: $57.6BQ3 2024: $55.8BQ4 2024: $39.5BQ1 2025: $49.1BQ2 2025: $42.9BQ3 2025: $53.9BQ4 2025: $49.6BQ1 2026: $43.4BQ2 2026: $32.9B
Institutions holding PDD and their total value by quarter
QuarterHoldersValue
Q2 2026508$32.9B
Q1 2026568$43.4B
Q4 2025574$49.6B
Q3 2025560$53.9B
Q2 2025537$42.9B
Q1 2025584$49.1B
Q4 2024587$39.5B
Q3 2024602$55.8B
Q2 2024646$57.6B
Q1 2024577$44.2B
Q4 2023584$55.8B
Q3 2023473$35.8B
Q2 2023452$23.2B
Q1 2023468$25.9B
Q4 2022451$26.5B
Q3 2022411$19.2B
Q2 2022394$17.7B
Q1 2022353$11.0B
Q4 2021362$15.7B
Q3 2021396$24.7B
Q2 2021415$31.8B
Q1 2021442$31.9B

Institutions, Q4 2021

Shares, value and share of portfolio for each institution holding PDD Holdings Inc.; share changes are against Q3 2021.

Institutions holding PDD in Q4 2021
InstitutionSharesValue% of portfolioChange in sharesAction
Baillie Gifford & Co29,101,766$1.70B0.93%+1,613,256+5.9%Added
BlackRock Inc.20,304,002$1.18B0.03%+432,696+2.2%Added
Invesco Ltd.15,784,703$920.2M0.22%−47,349−0.3%Reduced
Tiger Global Management LLCSuperinvestorTiger Global Management15,784,450$920.2M2.00%+1,731,384+12.3%Added
Vanguard Group Inc13,912,653$811.1M0.02%+213,659+1.6%Added
FMR LLC12,200,537$711.3M0.05%+881,218+7.8%Added
State Street Corp9,250,521$539.3M0.03%−24,628−0.3%Reduced
IDG China Venture Capital Fund IV Associates L.P.8,323,944$485.3M97.00%00.0%Unchanged
Price T Rowe Associates Inc7,841,607$457.2M0.04%−3,401,153−30.3%Reduced
Goldman Sachs Group Inc5,591,596$326.0M0.08%+523,965+10.3%Added
Morgan Stanley4,630,592$270.0M0.03%+357,344+8.4%Added
Krane Funds Advisors LLC4,586,167$267.4M6.71%−1,315,461−22.3%Reduced
Norges Bank4,571,518$266.5M0.05%+190,703+4.4%Added
Anatole Investment Management Ltd3,662,977$213.6M11.67%+294,057+8.7%Added
SC US (TTGP), Ltd.3,500,000$204.1M1.02%00.0%Unchanged
Tybourne Capital Management (HK) Ltd3,499,244$204.0M6.05%00.0%Unchanged
JPMorgan Chase & Co3,494,436$203.7M0.03%−501,880−12.6%Reduced
Fisher Asset Management, LLC3,456,341$201.5M0.11%−25,387−0.7%Reduced
Millennium Management LLC3,215,317$187.5M0.21%+1,666,383+107.6%Added
Barclays PLC3,189,814$186.0M0.11%+61,124+2.0%Added
Sumitomo Mitsui Trust Holdings, Inc.3,158,476$184.1M0.11%−216,085−6.4%Reduced
Canada Pension Plan Investment Board3,116,233$181.7M0.19%−119,613−3.7%Reduced
Legal & General Group Plc3,064,654$178.7M0.05%+717,587+30.6%Added
E Fund Management Co., Ltd.3,058,357$178.3M6.30%+903,490+41.9%Added
Marshall Wace, LLP2,799,219$163.2M0.33%+2,656,840+1,866.0%Added
UBS Asset Management Americas Inc2,782,739$162.2M0.06%−61,617−2.2%Reduced
Greenwoods Asset Management Hong Kong Ltd.SuperinvestorGreenwoods Asset Management2,709,957$158.0M5.86%+704,588+35.1%Added
Bridgewater Associates, LP2,661,871$155.2M0.90%+742,059+38.7%Added
Nikko Asset Management Americas, Inc.2,203,882$127.8M0.67%−162,390−6.9%Reduced
Temasek Holdings (Private) Ltd2,116,527$123.4M0.45%+2,089,851+7,834.2%Added
Geode Capital Management, LLC2,079,978$120.5M0.01%+180,183+9.5%Added
Credit Suisse AG2,067,213$120.5M0.10%+385,221+22.9%Added
UBS Group AG1,939,524$113.1M0.04%−21,519−1.1%Reduced
HSBC Holdings PLC1,890,517$111.3M0.12%+1,082,029+133.8%Added
Genesis Investment Management, LLP1,751,996$102.1M5.04%+687,328+64.6%Added
SC China Holding Ltd1,749,999$102.0M9.14%00.0%Unchanged
Nuveen Asset Management, LLC1,635,475$95.3M0.03%+226,748+16.1%Added
Franchise Capital Ltd1,577,604$92.0M15.57%00.0%Unchanged
Public Investment Fund1,539,393$89.7M0.16%00.0%Unchanged
Oceanlink Management Ltd.1,395,869$81.4M37.99%+442,869+46.5%Added
Northern Trust Corp1,315,321$76.7M0.01%−103,381−7.3%Reduced
Pictet Asset Management SA1,271,292$74.1M0.07%−506,830−28.5%Reduced
National Bank of Canada1,270,728$74.1M0.31%+1,270,728New
Assenagon Asset Management S.A.1,212,826$70.7M0.26%−2,652,692−68.6%Reduced
BNP Paribas Arbitrage, SA1,212,778$70.7M0.17%+246,332+25.5%Added
Deutsche Bank AG1,192,765$69.5M0.03%−269,121−18.4%Reduced
Bank of New York Mellon Corp1,118,173$65.2M0.01%−46,250−4.0%Reduced
Swiss National Bank1,065,906$62.1M0.04%−11,100−1.0%Reduced
Renaissance Technologies LLC1,023,400$59.7M0.07%+201,881+24.6%Added
Alkeon Capital Management LLC1,003,470$58.5M0.20%+1,003,470New
ProShare Advisors LLC929,480$54.2M0.11%+302,466+48.2%Added
Jane Street Group, LLC903,782$52.7M0.10%+383,831+73.8%Added
Sylebra Capital Ltd894,716$52.2M1.68%−113,473−11.3%Reduced
Healthcare of Ontario Pension Plan Trust Fund887,588$51.7M0.11%+745,817+526.1%Added
APG Asset Management N.V.1,005,228$51.5M0.09%−128,100−11.3%Reduced
Matthews International Capital Management LLC883,500$51.5M5.38%+293,100+49.6%Added
Perseverance Asset Management International871,174$50.8M31.50%−152,035−14.9%Reduced
Citigroup Inc853,678$49.8M0.04%−155,525−15.4%Reduced
Penserra Capital Management LLC834,251$48.6M1.04%−428,435−33.9%Reduced
Mitsubishi UFJ Trust & Banking Corp832,294$48.5M0.10%−10,037−1.2%Reduced
California Public Employees Retirement System774,396$45.1M0.03%−34,069−4.2%Reduced
Connor, Clark & Lunn Investment Management Ltd.756,673$44.1M0.22%+386,909+104.6%Added
AQR Capital Management LLC740,887$43.2M0.08%−16,114−2.1%Reduced
Library Research Ltd707,302$41.2M26.41%00.0%Unchanged
Bank of America Corp703,051$41.0M0.00%−1,573,788−69.1%Reduced
Allspring Global Investments Holdings, LLC685,032$39.9M0.04%+685,032New
Mirae Asset Global Investments Co., Ltd.671,635$39.2M0.08%−5,307−0.8%Reduced
Dimensional Fund Advisors LP599,123$34.9M0.01%+21,059+3.6%Added
Korea Investment CORP511,656$29.8M0.08%−137,483−21.2%Reduced
ARK Investment Management LLCSuperinvestorARK Invest511,509$29.8M0.09%−145,460−22.1%Reduced
Portman Ltd493,709$28.8M27.94%−329,139−40.0%Reduced
Charles Schwab Investment Management Inc492,557$28.7M0.01%+7,093+1.5%Added
Two Sigma Investments, LP455,972$26.6M0.07%+11,520+2.6%Added
Great West Life Assurance Co446,457$26.0M0.05%+17,633+4.1%Added
AXA S.A.442,931$25.8M0.07%+2,003+0.5%Added
AIA Group Ltd431,996$25.2M1.19%+27,219+6.7%Added
D. E. Shaw & Co., Inc.425,284$24.8M0.03%−6,200−1.4%Reduced
Nordea Investment Management AB419,111$24.8M0.03%+76,252+22.2%Added
First Trust Advisors LP417,395$24.3M0.02%+134,659+47.6%Added
Susquehanna International Group, LLP408,743$23.8M0.04%−512,940−55.7%Reduced
First Manhattan Co397,770$23.2M0.08%+397,770New
Manufacturers Life Insurance Company, The393,648$23.0M0.01%+13,123+3.4%Added
MY.Alpha Management HK Advisors Ltd361,155$21.1M6.01%+361,155New
Two Sigma Advisers, LP360,800$21.0M0.05%+360,800New
Pinebridge Investments, L.P.328,479$19.2M0.20%+58,160+21.5%Added
Teacher Retirement System of Texas324,470$18.9M0.08%+279,159+616.1%Added
La Financiere de L'Echiquier324,000$18.9M0.64%+80,000+32.8%Added
Capitolis Advisors LLC307,210$17.9M0.11%00.0%Unchanged
Alberta Investment Management Corp280,700$16.4M0.10%+188,800+205.4%Added
Man Group plc280,313$16.3M0.05%+196,800+235.7%Added
Yong Rong (HK) Asset Management Ltd269,500$15.7M12.78%+169,500+169.5%Added
Ford Foundation264,439$15.4M11.03%+264,439New
Nomura Holdings Inc264,132$15.4M0.09%+150,177+131.8%Added
USS Investment Management Ltd257,474$15.0M0.12%−90,232−26.0%Reduced
Balyasny Asset Management LLC230,662$13.4M0.06%+134,389+139.6%Added
Barings LLC229,320$13.4M0.34%−372,412−61.9%Reduced
Toroso Investments, LLC225,594$13.2M0.40%+218,198+2,950.2%Added
TT International Asset Management LTD223,806$13.0M0.87%+223,806New
Agf Investments Inc.220,739$12.9M0.09%+218,339+9,097.5%Added
Parallax Volatility Advisers, L.P.216,741$12.6M0.16%−416,737−65.8%Reduced