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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
HHLR Advisors, Ltd.SuperinvestorHHLR Advisors (Hillhouse)213,000$12.4M0.19%−2,595,000−92.4%Reduced
China Universal Asset Management Co., Ltd.212,208$12.4M2.94%+212,208New
Grantham, Mayo, Van Otterloo & Co. LLC209,341$12.2M0.06%+37,760+22.0%Added
Public Sector Pension Investment Board206,629$12.0M0.07%+156,806+314.7%Added
Aviva PLC204,215$11.9M0.05%+43,671+27.2%Added
Altimeter Capital Management, LPSuperinvestorAltimeter Capital200,000$11.7M0.11%−372,000−65.0%Reduced
Sequoia China Equity Partners (Hong Kong) Ltd200,000$11.7M7.08%+200,000New
Handelsbanken Fonder AB198,300$11.6M0.06%+72,100+57.1%Added
Mission Creek Capital Partners, Inc.192,602$11.2M2.23%−153,337−44.3%Reduced
Franklin Resources Inc184,873$10.8M0.00%+126,125+214.7%Added
Alliancebernstein L.P.183,663$10.7M0.00%+166,752+986.1%Added
British Columbia Investment Management Corp181,500$10.6M0.06%−1,700−0.9%Reduced
Vontobel Holding Ltd.170,846$10.2M0.08%+113,119+196.0%Added
Storebrand Asset Management AS173,886$10.1M0.05%+3,838+2.3%Added
Lazard Asset Management LLC173,657$10.1M0.01%−16,250−8.6%Reduced
Citadel Advisors LLC159,495$9.30M0.01%−850,794−84.2%Reduced
Qube Research & Technologies Ltd159,139$9.28M0.07%+159,139New
Massachusetts Financial Services Co158,789$9.26M0.00%+106+0.1%Added
Susquehanna Fundamental Investments, LLC157,517$9.18M0.24%−44,745−22.1%Reduced
Prudential PLC153,786$8.97M0.12%+116,025+307.3%Added
Taikang Asset Management (Hong Kong) Co Ltd151,450$8.83M1.76%−57,311−27.5%Reduced
State of New Jersey Common Pension Fund D146,630$8.55M0.02%00.0%Unchanged
Parametric Portfolio Associates LLC145,251$8.47M0.00%−4,241−2.8%Reduced
Zurcher Kantonalbank (Zurich Cantonalbank)143,590$8.37M0.04%+5,273+3.8%Added
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.148,182$8.31M0.03%+19,347+15.0%Added
Prudence Investment Management (Hong Kong) Ltd.141,433$8.25M15.94%+141,433New
NN Investment Partners Holdings N.V.138,300$8.06M0.04%+15,400+12.5%Added
Russell Investments Group, Ltd.136,561$7.96M0.01%+41,289+43.3%Added
O'Shares Investment Advisers, LLC135,101$7.88M0.56%+21,212+18.6%Added
Coatue Management LLCSuperinvestorCoatue Management132,971$7.75M0.03%+132,971New
Group One Trading, L.P.128,107$7.47M0.14%−72,213−36.0%Reduced
DekaBank Deutsche Girozentrale138,984$7.43M0.02%+7,459+5.7%Added
Victory Capital Management Inc125,613$7.32M0.01%+9,892+8.5%Added
ICONIQ Capital, LLC121,500$7.08M0.04%00.0%Unchanged
Causeway Capital Management LLC116,800$6.81M0.15%+92,199+374.8%Added
Swedbank AB112,415$6.68M0.01%00.0%Unchanged
Mackenzie Financial Corp112,985$6.59M0.01%+102,089+936.9%Added
Wells Fargo & Company112,915$6.58M0.00%−681,111−85.8%Reduced
Leonteq Securities AG109,688$6.39M0.29%+54,642+99.3%Added
Guggenheim Capital LLC109,257$6.37M0.03%+20,785+23.5%Added
E Fund Management (Hong Kong) Co., Ltd.108,979$6.35M3.54%+108,979New
Old Well Partners, LLC107,400$6.26M3.87%−10,655−9.0%Reduced
IvyRock Asset Management (HK) Ltd104,300$6.08M6.96%+104,300New
Hershey Trust Co96,844$5.65M0.05%+22,017+29.4%Added
Shell Asset Management Co96,486$5.63M0.12%−3,170−3.2%Reduced
Cephei Capital Management (Hong Kong) Ltd95,385$5.56M75.26%−80,385−45.7%Reduced
Asset Management One Co.,Ltd.98,340$5.31M0.02%−27,054−21.6%Reduced
Los Angeles Capital Management LLC90,682$5.29M0.02%−1,372−1.5%Reduced
Centiva Capital, LP90,090$5.25M0.34%+37,903+72.6%Added
Wellington Management Group LLP88,179$5.14M0.00%+9,651+12.3%Added
M&G Investment Management Ltd86,810$5.04M0.04%−1,119−1.3%Reduced
HRT Financial LP85,494$4.98M0.03%+85,494New
E. Ohman J:or Asset Management AB84,500$4.93M0.14%−2,500−2.9%Reduced
Fullerton Fund Management Co Ltd.84,100$4.90M0.25%+84,100New
Prudential Financial Inc83,800$4.88M0.01%+9,900+13.4%Added
Ghisallo Capital Management LLC83,361$4.86M0.24%00.0%Unchanged
California State Teachers Retirement System83,119$4.85M0.01%+53,722+182.7%Added
Allianz Asset Management GmbH77,296$4.51M0.00%−6,488−7.7%Reduced
Caisse de Depot Et Placement du Quebec76,262$4.45M0.01%+100+0.1%Added
BSN Capital Partners Ltd75,600$4.41M0.28%+75,600New
Ameriprise Financial Inc79,434$4.39M0.00%+35,035+78.9%Added
Liontrust Investment Partners LLP75,000$4.37M0.05%+6,700+9.8%Added
Royal Bank of Canada72,692$4.24M0.00%+70,158+2,768.7%Added
Rafferty Asset Management, LLC70,972$4.14M0.02%+26,777+60.6%Added
Thomas White International Ltd68,424$3.99M0.63%+68,424New
Standard Life Aberdeen plc67,649$3.94M0.01%+2,231+3.4%Added
Gulf International Bank (UK) Ltd67,600$3.94M0.06%00.0%Unchanged
Macquarie Group Ltd67,284$3.92M0.00%+433+0.6%Added
CTC LLC67,262$3.92M0.09%+64,126+2,044.8%Added
MayTech Global Investments, LLC64,440$3.76M0.76%−54,784−46.0%Reduced
SG Americas Securities, LLC62,893$3.67M0.02%−127,632−67.0%Reduced
Profund Advisors LLC61,962$3.61M0.12%+5,687+10.1%Added
MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH57,700$3.44M0.24%+11,000+23.6%Added
CIBC Asset Management Inc53,691$3.13M0.01%+8,366+18.5%Added
Gold Dragon Worldwide Asset Management Ltd51,500$3.00M1.01%+51,500New
New York State Common Retirement Fund50,352$2.94M0.00%−143,145−74.0%Reduced
Schonfeld Strategic Advisors LLC48,561$2.83M0.03%+39,261+422.2%Added
Thrivent Financial for Lutherans47,134$2.75M0.01%+16,209+52.4%Added
GAM Holding AG45,162$2.63M0.12%−17,438−27.9%Reduced
Voya Investment Management LLC45,167$2.63M0.01%−495−1.1%Reduced
PEAK6 Investments LLC44,994$2.62M0.07%−468,945−91.2%Reduced
Nomura Asset Management Co Ltd44,795$2.61M0.01%+1,706+4.0%Added
Janus Henderson Group PLC44,351$2.59M0.00%−21,461−32.6%Reduced
LPL Financial LLC43,857$2.56M0.00%+13,201+43.1%Added
Schroder Investment Management Group167,351$2.44M0.00%+31,597+23.3%Added
Maxi Investments CY Ltd41,485$2.42M1.30%+41,485New
Apoletto Ltd40,000$2.33M0.29%+40,000New
Squarepoint Ops LLC39,662$2.31M0.01%−80,666−67.0%Reduced
Aigen Investment Management, LP40,355$2.31M0.14%+33,496+488.4%Added
Edmond de Rothschild Holding S.A.39,610$2.31M0.05%−2,100−5.0%Reduced
KBC Group NV39,547$2.31M0.01%−159,452−80.1%Reduced
Springs Capital (Hong Kong) Ltd39,500$2.30M6.41%+39,500New
SEI Investments Co38,342$2.23M0.00%00.0%Unchanged
Investment Management Corp of Ontario38,077$2.22M0.10%+38,077New
Cutler Group LP37,895$2.21M0.15%−14,566−27.8%Reduced
Osborne Partners Capital Management, LLC37,046$2.16M0.16%+1,545+4.4%Added
AlpInvest Partners B.V.45,086$2.13M0.79%00.0%Unchanged
Trexquant Investment LP36,516$2.13M0.13%−31,275−46.1%Reduced
Shelton Capital Management35,703$2.08M0.07%+4,427+14.2%Added
Banco Santander, S.A.35,480$2.07M0.01%−1,637,458−97.9%Reduced