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, Q1 2023
Institutional positions in PDD Holdings Inc. as of Mar 31, 2023. 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
- 468
- +21 vs. Q4 2022
- Shares held
- 343.7M
- +18.5M (+5.7%) vs. Q4 2022
- Total value
- $25.9B
- −$594.9M (−2.2%) vs. Q4 2022
- New holders
- 87
- 180 more added
- Sold out
- 66
- 158 more reduced
4 institutions that held it in Q4 2022 haven't filed for Q1 2023 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q4 2022: 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 508 | $32.9B |
| Q1 2026 | 568 | $43.4B |
| Q4 2025 | 574 | $49.6B |
| Q3 2025 | 560 | $53.9B |
| Q2 2025 | 537 | $42.9B |
| Q1 2025 | 584 | $49.1B |
| Q4 2024 | 587 | $39.5B |
| Q3 2024 | 602 | $55.8B |
| Q2 2024 | 646 | $57.6B |
| Q1 2024 | 577 | $44.2B |
| Q4 2023 | 584 | $55.8B |
| Q3 2023 | 473 | $35.8B |
| Q2 2023 | 452 | $23.2B |
| Q1 2023 | 468 | $25.9B |
| Q4 2022 | 451 | $26.5B |
| Q3 2022 | 411 | $19.2B |
| Q2 2022 | 394 | $17.7B |
| Q1 2022 | 353 | $11.0B |
| Q4 2021 | 362 | $15.7B |
| Q3 2021 | 396 | $24.7B |
| Q2 2021 | 415 | $31.8B |
| Q1 2021 | 442 | $31.9B |
Institutions, Q1 2023
Shares, value and share of portfolio for each institution holding PDD Holdings Inc.; share changes are against Q4 2022.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Baillie Gifford & Co | 28,191,244 | $2.14B | 1.93% | −434,736−1.5% | Reduced |
| BlackRock Inc. | 24,874,019 | $1.89B | 0.06% | −834,455−3.2% | Reduced |
| Vanguard Group Inc | 17,350,125 | $1.32B | 0.03% | +2,570,501+17.4% | Added |
| Morgan Stanley | 15,604,426 | $1.18B | 0.13% | +8,523,055+120.4% | Added |
| State Street Corp | 12,055,268 | $915.0M | 0.05% | +1,066,720+9.7% | Added |
| Goldman Sachs Group Inc | 11,283,859 | $856.4M | 0.23% | +3,081,971+37.6% | Added |
| UBS Asset Management Americas Inc | 11,024,163 | $836.7M | 0.41% | +4,427,842+67.1% | Added |
| HHLR Advisors, Ltd.SuperinvestorHHLR Advisors (Hillhouse) | 10,642,847 | $807.8M | 14.32% | +7,739,047+266.5% | Added |
| FMR LLC | 9,287,206 | $704.9M | 0.06% | −4,842,107−34.3% | Reduced |
| IDG China Venture Capital Fund IV Associates L.P. | 8,323,944 | $631.8M | 98.09% | 00.0% | Unchanged |
| Norges Bank | 6,471,763 | $491.2M | 0.11% | +327,205+5.3% | Added |
| HSBC Holdings PLC | 5,039,984 | $382.5M | 0.49% | +265,158+5.6% | Added |
| Assenagon Asset Management S.A. | 4,630,643 | $351.5M | 1.38% | +4,506,101+3,618.1% | Added |
| FIL Ltd | 4,444,534 | $337.3M | 0.39% | −50,497−1.1% | Reduced |
| Greenwoods Asset Management Hong Kong Ltd.SuperinvestorGreenwoods Asset Management | 4,239,086 | $321.7M | 18.61% | −1,339,466−24.0% | Reduced |
| Krane Funds Advisors LLC | 4,366,806 | $308.8M | 14.11% | −444,745−9.2% | Reduced |
| JPMorgan Chase & Co | 3,915,756 | $297.2M | 0.04% | −2,158,164−35.5% | Reduced |
| Canada Pension Plan Investment Board | 3,873,106 | $294.0M | 0.47% | −178,400−4.4% | Reduced |
| Legal & General Group Plc | 3,831,170 | $290.8M | 0.10% | +175,775+4.8% | Added |
| E Fund Management Co., Ltd. | 3,812,569 | $289.4M | 21.12% | +177,675+4.9% | Added |
| Schroder Investment Management Group | 3,601,535 | $273.4M | 0.41% | +3,248,695+920.7% | Added |
| BNP Paribas Arbitrage, SA | 3,483,884 | $264.4M | 0.57% | +857,606+32.7% | Added |
| Price T Rowe Associates Inc | 3,377,580 | $256.4M | 0.04% | −116,593−3.3% | Reduced |
| Robeco Institutional Asset Management B.V. | 3,226,154 | $244.9M | 0.67% | +223,323+7.4% | Added |
| SC US (TTGP), Ltd. | 3,185,022 | $241.7M | 2.85% | 00.0% | Unchanged |
| Bank of America Corp | 3,182,134 | $241.5M | 0.03% | +1,307,458+69.7% | Added |
| Alkeon Capital Management LLC | 3,141,339 | $238.4M | 1.53% | +1,861,339+145.4% | Added |
| D. E. Shaw & Co., Inc. | 3,012,554 | $228.7M | 0.37% | −2,726,647−47.5% | Reduced |
| Deutsche Bank AG | 2,884,487 | $218.9M | 0.12% | +1,052,758+57.5% | Added |
| Geode Capital Management, LLC | 2,837,963 | $214.3M | 0.03% | +172,903+6.5% | Added |
| Temasek Holdings (Private) Ltd | 2,716,081 | $206.2M | 1.22% | 00.0% | Unchanged |
| Veritas Asset Management LLP | 2,325,200 | $176.5M | 1.30% | +564,200+32.0% | Added |
| Trivest Advisors Ltd | 2,275,700 | $172.7M | 13.43% | −2,152,200−48.6% | Reduced |
| RWC Asset Advisors (US) LLC | 2,261,496 | $171.6M | 13.06% | −1,173,286−34.2% | Reduced |
| Genesis Investment Management, LLP | 2,251,103 | $170.9M | 18.56% | +109,694+5.1% | Added |
| Invesco Ltd. | 2,249,102 | $170.7M | 0.05% | +74,188+3.4% | Added |
| Bridgewater Associates, LP | 2,142,397 | $162.6M | 0.99% | −1,503,433−41.2% | Reduced |
| Alliancebernstein L.P. | 2,115,971 | $160.6M | 0.07% | −729,038−25.6% | Reduced |
| Northern Trust Corp | 2,081,228 | $158.0M | 0.03% | +386,301+22.8% | Added |
| Tairen Capital Ltd | 1,999,581 | $151.8M | 22.97% | −659,553−24.8% | Reduced |
| CoreView Capital Management Ltd | 1,962,451 | $151.3M | 19.27% | 00.0% | Unchanged |
| Matthews International Capital Management LLC | 1,966,678 | $149.3M | 14.89% | −420,270−17.6% | Reduced |
| Vontobel Holding Ltd. | 1,867,281 | $141.7M | 1.32% | −476,563−20.3% | Reduced |
| Fisher Asset Management, LLC | 1,844,111 | $140.0M | 0.09% | −138,280−7.0% | Reduced |
| Susquehanna International Group, LLP | 1,831,731 | $139.0M | 0.22% | +1,761,580+2,511.1% | Added |
| Franchise Capital Ltd | 1,804,054 | $136.9M | 35.70% | +170,941+10.5% | Added |
| National Bank of Canada | 1,764,912 | $133.9M | 0.36% | +1,567,307+793.2% | Added |
| Arrowstreet Capital, Limited Partnership | 1,743,936 | $132.4M | 0.17% | −97,537−5.3% | Reduced |
| Mirae Asset Global Investments Co., Ltd. | 1,727,269 | $131.1M | 0.31% | +206,602+13.6% | Added |
| Pictet Asset Management SA | 1,723,889 | $130.8M | 0.16% | +377,228+28.0% | Added |
| Principal Financial Group Inc | 1,659,791 | $126.0M | 0.09% | −92,479−5.3% | Reduced |
| UBS Group AG | 1,598,608 | $121.3M | 0.06% | −266,008−14.3% | Reduced |
| SC China Holding Ltd | 1,592,510 | $120.9M | 12.70% | 00.0% | Unchanged |
| Swiss National Bank | 1,368,895 | $103.9M | 0.07% | +1,900+0.1% | Added |
| Cederberg Capital Ltd | 1,361,500 | $103.3M | 35.12% | 00.0% | Unchanged |
| Bank of New York Mellon Corp | 1,354,413 | $102.8M | 0.02% | +43,337+3.3% | Added |
| Sumitomo Mitsui Trust Holdings, Inc. | 1,341,322 | $101.8M | 0.08% | −4,774−0.4% | Reduced |
| Alpine Investment Management Ltd | 1,250,000 | $94.9M | 19.86% | +1,250,000 | New |
| Renaissance Technologies LLC | 1,206,400 | $91.6M | 0.12% | −2,153,700−64.1% | Reduced |
| Oceanlink Management Ltd. | 1,180,041 | $89.6M | 21.26% | +343,197+41.0% | Added |
| Public Investment Fund | 1,171,570 | $88.9M | 0.25% | −367,823−23.9% | Reduced |
| Perseverance Asset Management International | 1,137,698 | $86.4M | 28.61% | +111,578+10.9% | Added |
| Whale Rock Capital Management LLC | 1,087,729 | $82.6M | 1.82% | +425,871+64.3% | Added |
| Ameriprise Financial Inc | 1,067,210 | $81.0M | 0.03% | +107,343+11.2% | Added |
| Nuveen Asset Management, LLC | 991,019 | $75.2M | 0.03% | −981,426−49.8% | Reduced |
| Marshall Wace, LLP | 972,997 | $73.9M | 0.18% | −1,910,500−66.3% | Reduced |
| Credit Suisse AG | 962,497 | $73.1M | 0.08% | +28,255+3.0% | Added |
| Allianz Asset Management GmbH | 923,503 | $70.1M | 0.15% | +755,559+449.9% | Added |
| Coatue Management LLCSuperinvestorCoatue Management | 922,084 | $70.0M | 0.47% | +274,943+42.5% | Added |
| Sylebra Capital Ltd | 909,878 | $69.1M | 3.07% | +3,156+0.3% | Added |
| First Trust Advisors LP | 857,332 | $65.1M | 0.08% | −137,073−13.8% | Reduced |
| Lord, Abbett & Co. LLC | 850,323 | $64.5M | 0.23% | +125,634+17.3% | Added |
| Coronation Fund Managers Ltd. | 848,093 | $64.4M | 1.71% | −62,065−6.8% | Reduced |
| Russell Investments Group, Ltd. | 831,010 | $63.1M | 0.12% | −378,745−31.3% | Reduced |
| California Public Employees Retirement System | 828,985 | $62.9M | 0.06% | +11,190+1.4% | Added |
| SG Americas Securities, LLC | 826,020 | $62.7M | 0.84% | +422,230+104.6% | Added |
| Causeway Capital Management LLC | 820,918 | $62.3M | 1.49% | +7,767+1.0% | Added |
| Origin Asset Management LLP | 811,447 | $61.6M | 18.05% | +9,900+1.2% | Added |
| First Manhattan Co | 811,094 | $61.6M | 0.24% | +77,754+10.6% | Added |
| Barclays PLC | 810,407 | $61.5M | 0.06% | −2,825,976−77.7% | Reduced |
| Mitsubishi UFJ Trust & Banking Corp | 797,003 | $60.5M | 0.15% | −14,865−1.8% | Reduced |
| Victory Capital Management Inc | 776,685 | $59.0M | 0.07% | −15,012−1.9% | Reduced |
| Aspex Management (HK) Ltd | 775,000 | $58.8M | 1.44% | +775,000 | New |
| Great West Life Assurance Co | 773,756 | $58.8M | 0.15% | +55,635+7.7% | Added |
| Two Sigma Advisers, LP | 773,900 | $58.7M | 0.15% | −170,200−18.0% | Reduced |
| Susquehanna Fundamental Investments, LLC | 764,885 | $58.1M | 1.35% | 00.0% | Unchanged |
| Healthcare of Ontario Pension Plan Trust Fund | 762,400 | $57.9M | 0.33% | +762,400 | New |
| AQR Capital Management LLC | 755,741 | $57.4M | 0.13% | +21,300+2.9% | Added |
| TB Alternative Assets Ltd. | 751,400 | $57.0M | 14.06% | +612,000+439.0% | Added |
| Acadian Asset Management LLC | 745,982 | $56.6M | 0.25% | +659,700+764.6% | Added |
| Nomura Holdings Inc | 742,139 | $56.3M | 0.55% | +217,973+41.6% | Added |
| APG Asset Management N.V. | 804,128 | $56.2M | 0.12% | −265,200−24.8% | Reduced |
| Prudential PLC | 721,984 | $54.8M | 0.64% | −8,719−1.2% | Reduced |
| RWC Asset Management LLP | 707,952 | $53.7M | 1.66% | −352,610−33.2% | Reduced |
| IvyRock Asset Management (HK) Ltd | 686,636 | $52.1M | 26.67% | +390,500+131.9% | Added |
| Barings LLC | 664,266 | $50.4M | 1.73% | +182,504+37.9% | Added |
| Keystone Investors Pte Ltd | 652,633 | $49.5M | 9.91% | +2,354+0.4% | Added |
| WT Asset Management Ltd | 619,931 | $47.1M | 17.12% | −442,358−41.6% | Reduced |
| Charles Schwab Investment Management Inc | 606,497 | $46.0M | 0.01% | +89,471+17.3% | Added |
| Handelsbanken Fonder AB | 581,789 | $44.2M | 0.26% | +21,628+3.9% | Added |