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, Q3 2023
Institutional positions in PDD Holdings Inc. as of Sep 30, 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
- 473
- +25 vs. Q2 2023
- Shares held
- 367.6M
- +32.9M (+9.8%) vs. Q2 2023
- Total value
- $35.8B
- +$12.6B (+54.6%) vs. Q2 2023
- New holders
- 88
- 212 more added
- Sold out
- 63
- 123 more reduced
4 institutions that held it in Q2 2023 haven't filed for Q3 2023 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q2 2023: 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 | 559 | $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, Q3 2023
Shares, value and share of portfolio for each institution holding PDD Holdings Inc.; share changes are against Q2 2023.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Baillie Gifford & Co | 35,668,170 | $3.50B | 3.19% | +4,501,126+14.4% | Added |
| BlackRock Inc. | 27,875,109 | $2.73B | 0.08% | +3,737,855+15.5% | Added |
| Vanguard Group Inc | 24,101,615 | $2.36B | 0.06% | +6,637,418+38.0% | Added |
| FMR LLC | 17,635,104 | $1.73B | 0.15% | +4,334,186+32.6% | Added |
| SC US (TTGP), Ltd. | 14,447,097 | $1.42B | 13.05% | +11,262,075+353.6% | Added |
| UBS Asset Management Americas Inc | 12,551,449 | $1.23B | 0.55% | +1,527,286+13.9% | Added |
| State Street Corp | 10,383,459 | $1.02B | 0.06% | +520,437+5.3% | Added |
| Morgan Stanley | 9,072,397 | $889.7M | 0.09% | −6,358,891−41.2% | Reduced |
| IDG China Venture Capital Fund IV Associates L.P. | 7,705,545 | $755.7M | 98.71% | −477,969−5.8% | Reduced |
| HHLR Advisors, Ltd.SuperinvestorHHLR Advisors (Hillhouse) | 7,350,847 | $720.9M | 16.10% | −821,400−10.1% | Reduced |
| Invesco Ltd. | 7,349,430 | $720.8M | 0.19% | +376,947+5.4% | Added |
| Norges Bank | 7,164,807 | $702.7M | 0.14% | +1,134,697+18.8% | Added |
| Krane Funds Advisors LLC | 5,837,572 | $572.5M | 23.49% | +710,439+13.9% | Added |
| FIL Ltd | 5,496,719 | $539.1M | 0.63% | +2,337,672+74.0% | Added |
| JPMorgan Chase & Co | 5,334,449 | $523.1M | 0.06% | +543,440+11.3% | Added |
| Goldman Sachs Group Inc | 5,277,407 | $517.6M | 0.13% | −2,278,819−30.2% | Reduced |
| Greenwoods Asset Management Hong Kong Ltd.SuperinvestorGreenwoods Asset Management | 5,158,616 | $505.9M | 19.84% | +456,950+9.7% | Added |
| E Fund Management Co., Ltd. | 4,654,443 | $456.5M | 34.73% | +87,270+1.9% | Added |
| SRS Investment Management, LLC | 4,290,513 | $420.8M | 6.07% | +1,844,111+75.4% | Added |
| Price T Rowe Associates Inc | 4,016,680 | $393.9M | 0.06% | +498,897+14.2% | Added |
| Legal & General Group Plc | 3,670,768 | $360.0M | 0.13% | −170,486−4.4% | Reduced |
| Geode Capital Management, LLC | 3,581,249 | $349.6M | 0.04% | +587,450+19.6% | Added |
| Robeco Institutional Asset Management B.V. | 3,351,915 | $328.7M | 0.88% | +34,943+1.1% | Added |
| Oceanlink Management Ltd. | 3,325,602 | $326.1M | 62.32% | +353,060+11.9% | Added |
| Dragoneer Investment Group, LLC | 3,035,418 | $297.7M | 6.85% | +437,684+16.8% | Added |
| BNP Paribas Arbitrage, SA | 2,909,805 | $285.4M | 0.63% | +709,589+32.3% | Added |
| GQG Partners LLC | 2,869,409 | $281.4M | 0.65% | +2,869,409 | New |
| Bridgewater Associates, LP | 2,708,921 | $265.7M | 1.61% | −22,591−0.8% | Reduced |
| Arrowstreet Capital, Limited Partnership | 2,636,270 | $258.5M | 0.31% | +49,111+1.9% | Added |
| Capital Today Evergreen Fund, L.P. | 2,453,900 | $240.7M | 76.30% | +2,453,900 | New |
| Bank of America Corp | 2,414,295 | $236.8M | 0.03% | +321,930+15.4% | Added |
| Nuveen Asset Management, LLC | 2,305,176 | $226.1M | 0.08% | +584,213+33.9% | Added |
| First Beijing Investment Ltd | 2,221,947 | $217.9M | 41.96% | +147,647+7.1% | Added |
| Northern Trust Corp | 2,008,627 | $197.0M | 0.04% | +237,956+13.4% | Added |
| CoreView Capital Management Ltd | 1,962,451 | $192.5M | 21.27% | +517,509+35.8% | Added |
| Newlands Management Operations LLC | 1,949,040 | $191.1M | 2.04% | 00.0% | Unchanged |
| HSBC Holdings PLC | 1,917,523 | $188.2M | 0.21% | −2,599,554−57.5% | Reduced |
| Genesis Investment Management, LLP | 1,901,410 | $186.5M | 26.04% | −536,177−22.0% | Reduced |
| UBS Group AG | 1,884,968 | $184.9M | 0.08% | +399,996+26.9% | Added |
| RWC Asset Advisors (US) LLC | 1,883,709 | $184.7M | 17.70% | +58,953+3.2% | Added |
| Fisher Asset Management, LLC | 1,816,925 | $178.2M | 0.10% | −17,104−0.9% | Reduced |
| Great West Life Assurance Co | 4,372,665 | $171.6M | 0.41% | +3,591,932+460.1% | Added |
| Mirae Asset Global Investments Co., Ltd. | 1,787,604 | $171.4M | 0.38% | −52,308−2.8% | Reduced |
| Pictet Asset Management Holding SA | 1,736,401 | $170.3M | 0.21% | +1,736,401 | New |
| Public Investment Fund | 1,703,275 | $167.0M | 0.46% | +531,705+45.4% | Added |
| Bank of New York Mellon Corp | 1,679,760 | $164.7M | 0.04% | +301,141+21.8% | Added |
| Whale Rock Capital Management LLC | 1,670,900 | $163.9M | 3.31% | +828,958+98.5% | Added |
| WT Asset Management Ltd | 1,659,378 | $162.7M | 18.07% | +480,036+40.7% | Added |
| SC China Holding Ltd | 1,592,510 | $156.2M | 16.75% | 00.0% | Unchanged |
| Platinum Investment Management Ltd | 1,481,370 | $145.3M | 5.66% | +393,344+36.2% | Added |
| Sumitomo Mitsui Trust Holdings, Inc. | 1,446,606 | $141.9M | 0.12% | +99,379+7.4% | Added |
| Cederberg Capital Ltd | 1,403,700 | $137.7M | 38.56% | +42,200+3.1% | Added |
| Appaloosa LPSuperinvestorAppaloosa | 1,400,000 | $137.3M | 2.71% | +650,000+86.7% | Added |
| Swiss National Bank | 1,392,040 | $136.5M | 0.11% | +110,903+8.7% | Added |
| Deutsche Bank AG | 1,368,474 | $134.2M | 0.09% | −246,349−15.3% | Reduced |
| Tiger Global Management LLCSuperinvestorTiger Global Management | 1,368,400 | $134.2M | 0.99% | +1,368,400 | New |
| Ameriprise Financial Inc | 1,337,345 | $131.2M | 0.04% | +417,002+45.3% | Added |
| Trivest Advisors Ltd | 1,269,900 | $124.5M | 9.19% | +214,500+20.3% | Added |
| Allianz Asset Management GmbH | 1,268,463 | $124.4M | 0.25% | +468,282+58.5% | Added |
| Vontobel Holding Ltd. | 1,224,331 | $120.1M | 1.11% | −688,152−36.0% | Reduced |
| First Trust Advisors LP | 1,141,430 | $111.9M | 0.13% | +100,231+9.6% | Added |
| Aspex Management (HK) Ltd | 1,134,411 | $111.3M | 3.42% | +1,134,411 | New |
| Perseverance Asset Management International | 1,116,305 | $109.5M | 28.33% | −574,363−34.0% | Reduced |
| California Public Employees Retirement System | 1,114,733 | $109.3M | 0.09% | +325,367+41.2% | Added |
| Matthews International Capital Management LLC | 1,096,238 | $107.5M | 13.00% | +107,359+10.9% | Added |
| 1832 Asset Management L.P. | 1,080,200 | $105.9M | 0.22% | +1,068,200+8,901.7% | Added |
| Credit Suisse AG | 960,144 | $94.2M | 0.10% | +1,382+0.1% | Added |
| Barclays PLC | 953,323 | $93.5M | 0.06% | +188,054+24.6% | Added |
| First Manhattan Co | 911,290 | $89.4M | 0.33% | 00.0% | Unchanged |
| Voloridge Investment Management, LLC | 907,834 | $89.0M | 0.44% | +399,741+78.7% | Added |
| IvyRock Asset Management (HK) Ltd | 897,636 | $88.0M | 45.94% | +92,400+11.5% | Added |
| Coatue Management LLCSuperinvestorCoatue Management | 876,210 | $85.9M | 0.44% | +64,687+8.0% | Added |
| Origin Asset Management LLP | 860,547 | $84.4M | 28.09% | +292,000+51.4% | Added |
| Victory Capital Management Inc | 860,389 | $84.4M | 0.10% | +64,229+8.1% | Added |
| AQR Capital Management LLC | 808,589 | $79.3M | 0.16% | +109,855+15.7% | Added |
| Fullerton Fund Management Co Ltd. | 806,419 | $79.1M | 5.54% | −311,612−27.9% | Reduced |
| Charles Schwab Investment Management Inc | 801,931 | $78.6M | 0.02% | +213,368+36.3% | Added |
| Tairen Capital Ltd | 785,288 | $77.0M | 10.83% | −1,768,461−69.2% | Reduced |
| Keystone Investors Pte Ltd | 781,029 | $76.6M | 9.11% | +387,507+98.5% | Added |
| Harvest Fund Management Co., Ltd | 779,889 | $76.5M | 13.36% | +158,421+25.5% | Added |
| APG Asset Management N.V. | 765,028 | $75.0M | 0.15% | −39,100−4.9% | Reduced |
| Jane Street Group, LLC | 723,245 | $70.9M | 0.11% | +101,630+16.3% | Added |
| Dimensional Fund Advisors LP | 721,853 | $70.8M | 0.02% | +317,316+78.4% | Added |
| Franchise Capital Ltd | 715,636 | $70.2M | 25.12% | −128,000−15.2% | Reduced |
| Mitsubishi UFJ Trust & Banking Corp | 705,969 | $69.2M | 0.17% | −21,065−2.9% | Reduced |
| Millennium Management LLC | 704,476 | $69.1M | 0.07% | −490,366−41.0% | Reduced |
| Acadian Asset Management LLC | 701,229 | $68.8M | 0.29% | +36,293+5.5% | Added |
| Susquehanna Fundamental Investments, LLC | 696,962 | $68.4M | 4.44% | 00.0% | Unchanged |
| Kora Management LP | 679,250 | $66.6M | 17.21% | +406,500+149.0% | Added |
| ProShare Advisors LLC | 667,589 | $65.5M | 0.20% | +111,571+20.1% | Added |
| Schroder Investment Management Group | 665,829 | $65.3M | 0.10% | −38,950−5.5% | Reduced |
| Causeway Capital Management LLC | 663,897 | $65.1M | 1.72% | −164,298−19.8% | Reduced |
| Prudential PLC | 659,575 | $64.7M | 0.75% | +41,133+6.7% | Added |
| Altimeter Capital Management, LPSuperinvestorAltimeter Capital | 646,280 | $63.4M | 1.20% | +646,280 | New |
| Sylebra Capital Ltd | 636,721 | $62.4M | 3.32% | +3,016+0.5% | Added |
| Sylebra Capital LLC | 636,721 | $62.4M | 3.32% | +636,721 | New |
| Coronation Fund Managers Ltd. | 627,699 | $61.6M | 1.85% | −299,001−32.3% | Reduced |
| Principal Financial Group Inc | 622,684 | $61.1M | 0.04% | −626,931−50.2% | Reduced |
| Assenagon Asset Management S.A. | 601,700 | $59.0M | 0.21% | −4,818,878−88.9% | Reduced |
| Penserra Capital Management LLC | 563,907 | $55.3M | 1.14% | −23,875−4.1% | Reduced |