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 2023
Institutional positions in PDD Holdings Inc. as of Dec 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
- 584
- +119 vs. Q3 2023
- Shares held
- 382.0M
- +15.2M (+4.1%) vs. Q3 2023
- Total value
- $55.8B
- +$20.2B (+56.5%) vs. Q3 2023
- New holders
- 158
- 217 more added
- Sold out
- 39
- 155 more reduced
8 institutions that held it in Q3 2023 haven't filed for Q4 2023 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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, Q4 2023
Shares, value and share of portfolio for each institution holding PDD Holdings Inc.; share changes are against Q3 2023.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Baillie Gifford & Co | 37,960,238 | $5.55B | 4.40% | +2,292,068+6.4% | Added |
| BlackRock Inc. | 27,403,219 | $4.01B | 0.10% | −471,890−1.7% | Reduced |
| Vanguard Group Inc | 24,163,927 | $3.54B | 0.08% | +62,312+0.3% | Added |
| FMR LLC | 18,094,445 | $2.65B | 0.20% | +459,341+2.6% | Added |
| SC US (TTGP), Ltd. | 14,447,097 | $2.11B | 17.43% | 00.0% | Unchanged |
| UBS Asset Management Americas Inc | 12,127,075 | $1.77B | 0.70% | −424,374−3.4% | Reduced |
| Morgan Stanley | 11,853,673 | $1.73B | 0.15% | +2,781,276+30.7% | Added |
| State Street Corp | 10,400,251 | $1.52B | 0.07% | +16,792+0.2% | Added |
| HHLR Advisors, Ltd.SuperinvestorHHLR Advisors (Hillhouse) | 10,110,947 | $1.48B | 29.81% | +2,760,100+37.5% | Added |
| Norges Bank | 7,348,592 | $1.08B | 0.19% | +183,785+2.6% | Added |
| JPMorgan Chase & Co | 5,891,380 | $862.0M | 0.09% | +556,931+10.4% | Added |
| Goldman Sachs Group Inc | 5,456,213 | $798.3M | 0.18% | +178,806+3.4% | Added |
| Price T Rowe Associates Inc | 4,917,070 | $719.4M | 0.10% | +900,390+22.4% | Added |
| Arrowstreet Capital, Limited Partnership | 4,851,225 | $709.8M | 0.74% | +2,214,955+84.0% | Added |
| Greenwoods Asset Management Hong Kong Ltd.SuperinvestorGreenwoods Asset Management | 4,735,369 | $692.8M | 24.73% | −423,247−8.2% | Reduced |
| IDG China Venture Capital Fund IV Associates L.P. | 4,688,400 | $686.0M | 98.79% | −3,017,145−39.2% | Reduced |
| Invesco Ltd. | 4,659,986 | $681.8M | 0.16% | −2,689,444−36.6% | Reduced |
| E Fund Management Co., Ltd. | 4,581,940 | $670.4M | 42.48% | −72,503−1.6% | Reduced |
| SRS Investment Management, LLC | 4,290,513 | $627.7M | 7.60% | 00.0% | Unchanged |
| FIL Ltd | 4,058,748 | $593.8M | 0.62% | −1,437,971−26.2% | Reduced |
| Geode Capital Management, LLC | 3,837,848 | $558.4M | 0.06% | +256,599+7.2% | Added |
| Legal & General Group Plc | 3,789,953 | $554.5M | 0.17% | +119,185+3.2% | Added |
| Krane Funds Advisors LLC | 3,199,674 | $468.1M | 19.52% | −2,637,898−45.2% | Reduced |
| Oceanlink Management Ltd. | 3,041,881 | $445.1M | 68.42% | −283,721−8.5% | Reduced |
| HSBC Holdings PLC | 2,873,474 | $421.8M | 0.39% | +955,951+49.9% | Added |
| GQG Partners LLC | 2,874,179 | $420.5M | 0.89% | +4,770+0.2% | Added |
| Schroder Investment Management Group | 2,738,377 | $400.7M | 0.52% | +2,072,548+311.3% | Added |
| Jane Street Group, LLC | 2,712,623 | $396.9M | 0.48% | +1,989,378+275.1% | Added |
| Marshall Wace, LLP | 2,700,506 | $395.1M | 0.75% | +2,223,140+465.7% | Added |
| BNP Paribas Arbitrage, SA | 2,546,700 | $372.6M | 0.68% | −363,105−12.5% | Reduced |
| Robeco Institutional Asset Management B.V. | 2,507,536 | $366.9M | 0.89% | −844,379−25.2% | Reduced |
| Capital Today Evergreen Fund, L.P. | 2,453,900 | $359.0M | 95.27% | 00.0% | Unchanged |
| Bridgewater Associates, LP | 2,436,655 | $356.5M | 2.00% | −272,266−10.1% | Reduced |
| William Blair Investment Management, LLC | 2,300,793 | $336.5M | 0.98% | +2,300,793 | New |
| Tairen Capital Ltd | 2,263,437 | $331.2M | 23.19% | +1,478,149+188.2% | Added |
| Nuveen Asset Management, LLC | 2,102,567 | $307.6M | 0.10% | −202,609−8.8% | Reduced |
| Dragoneer Investment Group, LLC | 2,097,452 | $306.9M | 6.66% | −937,966−30.9% | Reduced |
| CoreView Capital Management Ltd | 1,962,451 | $287.1M | 33.36% | 00.0% | Unchanged |
| Acadian Asset Management LLC | 1,958,800 | $286.6M | 1.11% | +1,257,571+179.3% | Added |
| Newlands Management Operations LLC | 1,949,040 | $285.2M | 2.62% | 00.0% | Unchanged |
| UBS Group AG | 1,938,390 | $283.6M | 0.11% | +53,422+2.8% | Added |
| RWC Asset Advisors (US) LLC | 1,923,791 | $281.5M | 22.28% | +40,082+2.1% | Added |
| Altimeter Capital Management, LPSuperinvestorAltimeter Capital | 1,882,770 | $275.5M | 4.57% | +1,236,490+191.3% | Added |
| First Beijing Investment Ltd | 1,819,393 | $266.2M | 44.04% | −402,554−18.1% | Reduced |
| Fisher Asset Management, LLC | 1,726,913 | $252.7M | 0.13% | −90,012−5.0% | Reduced |
| Whale Rock Capital Management LLC | 1,719,272 | $251.5M | 4.50% | +48,372+2.9% | Added |
| Public Investment Fund | 1,703,275 | $249.2M | 0.71% | 00.0% | Unchanged |
| Dimensional Fund Advisors LP | 1,619,706 | $237.0M | 0.07% | +897,853+124.4% | Added |
| Ninety One UK Ltd | 1,610,734 | $235.7M | 0.70% | +1,610,734 | New |
| Bank of New York Mellon Corp | 1,555,438 | $227.6M | 0.05% | −124,322−7.4% | Reduced |
| SC China Holding Ltd | 1,592,510 | $223.0M | 25.64% | 00.0% | Unchanged |
| Mirae Asset Global Investments Co., Ltd. | 1,523,156 | $222.9M | 0.45% | −264,448−14.8% | Reduced |
| Aspex Management (HK) Ltd | 1,484,411 | $217.2M | 6.37% | +350,000+30.9% | Added |
| Sumitomo Mitsui Trust Holdings, Inc. | 1,468,849 | $214.9M | 0.16% | +22,243+1.5% | Added |
| Cederberg Capital Ltd | 1,400,300 | $204.9M | 47.15% | −3,400−0.2% | Reduced |
| Pictet Asset Management Holding SA | 1,380,673 | $202.0M | 0.22% | −355,728−20.5% | Reduced |
| Swiss National Bank | 1,338,940 | $195.9M | 0.14% | −53,100−3.8% | Reduced |
| APG Asset Management N.V. | 1,477,604 | $195.7M | 0.38% | +712,576+93.1% | Added |
| Deutsche Bank AG | 1,332,264 | $194.9M | 0.10% | −36,210−2.6% | Reduced |
| Ameriprise Financial Inc | 1,292,196 | $189.1M | 0.06% | −45,149−3.4% | Reduced |
| Scge Management, L.P. | 1,276,000 | $186.7M | 4.17% | +1,153,182+938.9% | Added |
| Platinum Investment Management Ltd | 1,261,721 | $184.6M | 7.50% | −219,649−14.8% | Reduced |
| Bank of America Corp | 1,167,188 | $170.8M | 0.02% | −1,247,107−51.7% | Reduced |
| D. E. Shaw & Co., Inc. | 1,149,408 | $168.2M | 0.24% | +1,125,501+4,707.8% | Added |
| Barclays PLC | 1,149,190 | $168.1M | 0.09% | +195,867+20.5% | Added |
| Northern Trust Corp | 1,139,272 | $166.7M | 0.03% | −869,355−43.3% | Reduced |
| California Public Employees Retirement System | 1,084,423 | $158.7M | 0.12% | −30,310−2.7% | Reduced |
| Allianz Asset Management GmbH | 1,073,917 | $157.1M | 0.29% | −194,546−15.3% | Reduced |
| Trivest Advisors Ltd | 1,045,000 | $152.9M | 6.95% | −224,900−17.7% | Reduced |
| Origin Asset Management LLP | 980,548 | $143.5M | 38.41% | +120,001+13.9% | Added |
| Credit Suisse AG | 958,202 | $140.2M | 0.14% | −1,942−0.2% | Reduced |
| Genesis Investment Management, LLP | 943,058 | $138.0M | 27.04% | −958,352−50.4% | Reduced |
| Victory Capital Management Inc | 921,380 | $134.8M | 0.14% | +60,991+7.1% | Added |
| Great West Life Assurance Co | 914,858 | $133.5M | 0.29% | −3,457,807−79.1% | Reduced |
| 1832 Asset Management L.P. | 909,900 | $133.1M | 0.25% | −170,300−15.8% | Reduced |
| Lord, Abbett & Co. LLC | 880,356 | $128.8M | 0.45% | +524,926+147.7% | Added |
| First Trust Advisors LP | 856,274 | $125.3M | 0.14% | −285,156−25.0% | Reduced |
| First Manhattan Co | 811,295 | $118.7M | 0.41% | −99,995−11.0% | Reduced |
| AQR Capital Management LLC | 777,678 | $113.4M | 0.21% | −30,911−3.8% | Reduced |
| Appaloosa LPSuperinvestorAppaloosa | 775,000 | $113.4M | 2.00% | −625,000−44.6% | Reduced |
| Mitsubishi UFJ Trust & Banking Corp | 773,302 | $113.1M | 0.27% | +67,333+9.5% | Added |
| Millennium Management LLC | 771,067 | $112.8M | 0.11% | +66,591+9.5% | Added |
| Vontobel Holding Ltd. | 768,194 | $112.4M | 0.94% | −456,137−37.3% | Reduced |
| Franchise Capital Ltd | 765,196 | $112.0M | 28.03% | +49,560+6.9% | Added |
| Charles Schwab Investment Management Inc | 758,488 | $111.0M | 0.03% | −43,443−5.4% | Reduced |
| Voloridge Investment Management, LLC | 740,657 | $108.4M | 0.43% | −167,177−18.4% | Reduced |
| Coatue Management LLCSuperinvestorCoatue Management | 738,420 | $108.0M | 0.45% | −137,790−15.7% | Reduced |
| Principal Financial Group Inc | 726,756 | $106.3M | 0.07% | +104,072+16.7% | Added |
| Keystone Investors Pte Ltd | 722,032 | $105.6M | 8.90% | −58,997−7.6% | Reduced |
| Taikang Asset Management (Hong Kong) Co Ltd | 714,804 | $104.6M | 19.78% | +163,823+29.7% | Added |
| Matthews International Capital Management LLC | 708,584 | $103.7M | 14.57% | −387,654−35.4% | Reduced |
| Coronation Fund Managers Ltd. | 706,151 | $103.3M | 2.88% | +78,452+12.5% | Added |
| Barings LLC | 704,130 | $103.0M | 3.28% | +186,189+35.9% | Added |
| Nomura Holdings Inc | 680,792 | $99.6M | 0.89% | +199,336+41.4% | Added |
| Pinpoint Asset Management Ltd | 672,990 | $99.1M | 21.93% | +299,801+80.3% | Added |
| Prudential PLC | 674,654 | $98.7M | 1.05% | +15,079+2.3% | Added |
| Causeway Capital Management LLC | 657,517 | $96.2M | 2.45% | −6,380−1.0% | Reduced |
| Perseverance Asset Management International | 649,756 | $95.1M | 22.65% | −466,549−41.8% | Reduced |
| Fullerton Fund Management Co Ltd. | 645,266 | $94.4M | 5.50% | −161,153−20.0% | Reduced |
| American Century Companies Inc | 641,293 | $93.8M | 0.06% | +324,625+102.5% | Added |