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 | 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, 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 |
|---|---|---|---|---|---|
| Franchise Capital Ltd | 765,196 | $112.0M | 28.03% | +49,560+6.9% | Added |
| Vontobel Holding Ltd. | 768,194 | $112.4M | 0.94% | −456,137−37.3% | Reduced |
| Millennium Management LLC | 771,067 | $112.8M | 0.11% | +66,591+9.5% | Added |
| Mitsubishi UFJ Trust & Banking Corp | 773,302 | $113.1M | 0.27% | +67,333+9.5% | Added |
| Appaloosa LPSuperinvestorAppaloosa | 775,000 | $113.4M | 2.00% | −625,000−44.6% | Reduced |
| AQR Capital Management LLC | 777,678 | $113.4M | 0.21% | −30,911−3.8% | Reduced |
| First Manhattan Co | 811,295 | $118.7M | 0.41% | −99,995−11.0% | Reduced |
| First Trust Advisors LP | 856,274 | $125.3M | 0.14% | −285,156−25.0% | Reduced |
| Lord, Abbett & Co. LLC | 880,356 | $128.8M | 0.45% | +524,926+147.7% | Added |
| 1832 Asset Management L.P. | 909,900 | $133.1M | 0.25% | −170,300−15.8% | Reduced |
| Great West Life Assurance Co | 914,858 | $133.5M | 0.29% | −3,457,807−79.1% | Reduced |
| Victory Capital Management Inc | 921,380 | $134.8M | 0.14% | +60,991+7.1% | Added |
| Genesis Investment Management, LLP | 943,058 | $138.0M | 27.04% | −958,352−50.4% | Reduced |
| Credit Suisse AG | 958,202 | $140.2M | 0.14% | −1,942−0.2% | Reduced |
| Origin Asset Management LLP | 980,548 | $143.5M | 38.41% | +120,001+13.9% | Added |
| Trivest Advisors Ltd | 1,045,000 | $152.9M | 6.95% | −224,900−17.7% | Reduced |
| Allianz Asset Management GmbH | 1,073,917 | $157.1M | 0.29% | −194,546−15.3% | Reduced |
| California Public Employees Retirement System | 1,084,423 | $158.7M | 0.12% | −30,310−2.7% | Reduced |
| Northern Trust Corp | 1,139,272 | $166.7M | 0.03% | −869,355−43.3% | Reduced |
| Barclays PLC | 1,149,190 | $168.1M | 0.09% | +195,867+20.5% | Added |
| D. E. Shaw & Co., Inc. | 1,149,408 | $168.2M | 0.24% | +1,125,501+4,707.8% | Added |
| Bank of America Corp | 1,167,188 | $170.8M | 0.02% | −1,247,107−51.7% | Reduced |
| Platinum Investment Management Ltd | 1,261,721 | $184.6M | 7.50% | −219,649−14.8% | Reduced |
| Scge Management, L.P. | 1,276,000 | $186.7M | 4.17% | +1,153,182+938.9% | Added |
| Ameriprise Financial Inc | 1,292,196 | $189.1M | 0.06% | −45,149−3.4% | Reduced |
| Deutsche Bank AG | 1,332,264 | $194.9M | 0.10% | −36,210−2.6% | Reduced |
| APG Asset Management N.V. | 1,477,604 | $195.7M | 0.38% | +712,576+93.1% | Added |
| Swiss National Bank | 1,338,940 | $195.9M | 0.14% | −53,100−3.8% | Reduced |
| Pictet Asset Management Holding SA | 1,380,673 | $202.0M | 0.22% | −355,728−20.5% | Reduced |
| Cederberg Capital Ltd | 1,400,300 | $204.9M | 47.15% | −3,400−0.2% | Reduced |
| Sumitomo Mitsui Trust Holdings, Inc. | 1,468,849 | $214.9M | 0.16% | +22,243+1.5% | Added |
| Aspex Management (HK) Ltd | 1,484,411 | $217.2M | 6.37% | +350,000+30.9% | Added |
| Mirae Asset Global Investments Co., Ltd. | 1,523,156 | $222.9M | 0.45% | −264,448−14.8% | Reduced |
| SC China Holding Ltd | 1,592,510 | $223.0M | 25.64% | 00.0% | Unchanged |
| Bank of New York Mellon Corp | 1,555,438 | $227.6M | 0.05% | −124,322−7.4% | Reduced |
| Ninety One UK Ltd | 1,610,734 | $235.7M | 0.70% | +1,610,734 | New |
| Dimensional Fund Advisors LP | 1,619,706 | $237.0M | 0.07% | +897,853+124.4% | Added |
| Public Investment Fund | 1,703,275 | $249.2M | 0.71% | 00.0% | Unchanged |
| Whale Rock Capital Management LLC | 1,719,272 | $251.5M | 4.50% | +48,372+2.9% | Added |
| Fisher Asset Management, LLC | 1,726,913 | $252.7M | 0.13% | −90,012−5.0% | Reduced |
| First Beijing Investment Ltd | 1,819,393 | $266.2M | 44.04% | −402,554−18.1% | Reduced |
| Altimeter Capital Management, LPSuperinvestorAltimeter Capital | 1,882,770 | $275.5M | 4.57% | +1,236,490+191.3% | Added |
| RWC Asset Advisors (US) LLC | 1,923,791 | $281.5M | 22.28% | +40,082+2.1% | Added |
| UBS Group AG | 1,938,390 | $283.6M | 0.11% | +53,422+2.8% | Added |
| Newlands Management Operations LLC | 1,949,040 | $285.2M | 2.62% | 00.0% | Unchanged |
| Acadian Asset Management LLC | 1,958,800 | $286.6M | 1.11% | +1,257,571+179.3% | Added |
| CoreView Capital Management Ltd | 1,962,451 | $287.1M | 33.36% | 00.0% | Unchanged |
| Dragoneer Investment Group, LLC | 2,097,452 | $306.9M | 6.66% | −937,966−30.9% | Reduced |
| Nuveen Asset Management, LLC | 2,102,567 | $307.6M | 0.10% | −202,609−8.8% | Reduced |
| Tairen Capital Ltd | 2,263,437 | $331.2M | 23.19% | +1,478,149+188.2% | Added |
| William Blair Investment Management, LLC | 2,300,793 | $336.5M | 0.98% | +2,300,793 | New |
| Bridgewater Associates, LP | 2,436,655 | $356.5M | 2.00% | −272,266−10.1% | Reduced |
| Capital Today Evergreen Fund, L.P. | 2,453,900 | $359.0M | 95.27% | 00.0% | Unchanged |
| Robeco Institutional Asset Management B.V. | 2,507,536 | $366.9M | 0.89% | −844,379−25.2% | Reduced |
| BNP Paribas Arbitrage, SA | 2,546,700 | $372.6M | 0.68% | −363,105−12.5% | Reduced |
| Marshall Wace, LLP | 2,700,506 | $395.1M | 0.75% | +2,223,140+465.7% | Added |
| Jane Street Group, LLC | 2,712,623 | $396.9M | 0.48% | +1,989,378+275.1% | Added |
| Schroder Investment Management Group | 2,738,377 | $400.7M | 0.52% | +2,072,548+311.3% | Added |
| GQG Partners LLC | 2,874,179 | $420.5M | 0.89% | +4,770+0.2% | Added |
| HSBC Holdings PLC | 2,873,474 | $421.8M | 0.39% | +955,951+49.9% | Added |
| Oceanlink Management Ltd. | 3,041,881 | $445.1M | 68.42% | −283,721−8.5% | Reduced |
| Krane Funds Advisors LLC | 3,199,674 | $468.1M | 19.52% | −2,637,898−45.2% | Reduced |
| Legal & General Group Plc | 3,789,953 | $554.5M | 0.17% | +119,185+3.2% | Added |
| Geode Capital Management, LLC | 3,837,848 | $558.4M | 0.06% | +256,599+7.2% | Added |
| FIL Ltd | 4,058,748 | $593.8M | 0.62% | −1,437,971−26.2% | Reduced |
| SRS Investment Management, LLC | 4,290,513 | $627.7M | 7.60% | 00.0% | Unchanged |
| E Fund Management Co., Ltd. | 4,581,940 | $670.4M | 42.48% | −72,503−1.6% | Reduced |
| Invesco Ltd. | 4,659,986 | $681.8M | 0.16% | −2,689,444−36.6% | Reduced |
| IDG China Venture Capital Fund IV Associates L.P. | 4,688,400 | $686.0M | 98.79% | −3,017,145−39.2% | Reduced |
| Greenwoods Asset Management Hong Kong Ltd.SuperinvestorGreenwoods Asset Management | 4,735,369 | $692.8M | 24.73% | −423,247−8.2% | Reduced |
| Arrowstreet Capital, Limited Partnership | 4,851,225 | $709.8M | 0.74% | +2,214,955+84.0% | Added |
| Price T Rowe Associates Inc | 4,917,070 | $719.4M | 0.10% | +900,390+22.4% | Added |
| Goldman Sachs Group Inc | 5,456,213 | $798.3M | 0.18% | +178,806+3.4% | Added |
| JPMorgan Chase & Co | 5,891,380 | $862.0M | 0.09% | +556,931+10.4% | Added |
| Norges Bank | 7,348,592 | $1.08B | 0.19% | +183,785+2.6% | Added |
| HHLR Advisors, Ltd.SuperinvestorHHLR Advisors (Hillhouse) | 10,110,947 | $1.48B | 29.81% | +2,760,100+37.5% | Added |
| State Street Corp | 10,400,251 | $1.52B | 0.07% | +16,792+0.2% | Added |
| Morgan Stanley | 11,853,673 | $1.73B | 0.15% | +2,781,276+30.7% | Added |
| UBS Asset Management Americas Inc | 12,127,075 | $1.77B | 0.70% | −424,374−3.4% | Reduced |
| SC US (TTGP), Ltd. | 14,447,097 | $2.11B | 17.43% | 00.0% | Unchanged |
| FMR LLC | 18,094,445 | $2.65B | 0.20% | +459,341+2.6% | Added |
| Vanguard Group Inc | 24,163,927 | $3.54B | 0.08% | +62,312+0.3% | Added |
| BlackRock Inc. | 27,403,219 | $4.01B | 0.10% | −471,890−1.7% | Reduced |
| Baillie Gifford & Co | 37,960,238 | $5.55B | 4.40% | +2,292,068+6.4% | Added |
| Susquehanna Fundamental Investments, LLC | 0 | $0 | 0.00% | −696,962−100.0% | Sold out |
| Adams Street Partners LLC | 0 | $0 | 0.00% | −298,150−100.0% | Sold out |
| Brilliance Asset Management Ltd | 0 | $0 | 0.00% | −293,018−100.0% | Sold out |
| H&H International Investment, LLCSuperinvestorH&H International Investment | 0 | $0 | 0.00% | −150,000−100.0% | Sold out |
| Wealth High Governance Capital Ltda | 0 | $0 | 0.00% | −120,000−100.0% | Sold out |
| Strategic Vision Investment Ltd | 0 | $0 | 0.00% | −94,013−100.0% | Sold out |
| CMT Capital Markets Trading GmbH | 0 | $0 | 0.00% | −75,000−100.0% | Sold out |
| Armistice Capital, LLC | 0 | $0 | 0.00% | −68,000−100.0% | Sold out |
| Optimas Capital Ltd | 0 | $0 | 0.00% | −60,600−100.0% | Sold out |
| Boussard & Gavaudan Investment Management LLP | 0 | $0 | 0.00% | −53,705−100.0% | Sold out |
| Growth Interface Management LLC | 0 | $0 | 0.00% | −42,000−100.0% | Sold out |
| QVT Financial LP | 0 | $0 | 0.00% | −34,861−100.0% | Sold out |
| Eschler Asset Management LLP | 0 | $0 | 0.00% | −32,849−100.0% | Sold out |
| UniSuper Management Pty Ltd | 0 | $0 | 0.00% | −31,200−100.0% | Sold out |
| Lombard Odier Asset Management (Europe) Ltd | 0 | $0 | 0.00% | −26,233−100.0% | Sold out |
| Octahedron Capital Management L.P. | 0 | $0 | 0.00% | −25,500−100.0% | Sold out |