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 2024
Institutional positions in PDD Holdings Inc. as of Dec 31, 2024. 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
- 587
- −4 vs. Q3 2024
- Shares held
- 400.6M
- −22.9M (−5.4%) vs. Q3 2024
- Total value
- $39.5B
- −$16.2B (−29.1%) vs. Q3 2024
- New holders
- 114
- 195 more added
- Sold out
- 118
- 224 more reduced
11 institutions that held it in Q3 2024 haven't filed for Q4 2024 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 2024: 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 2024
Shares, value and share of portfolio for each institution holding PDD Holdings Inc.; share changes are against Q3 2024.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Baillie Gifford & Co | 38,059,343 | $3.69B | 2.84% | +1,942,891+5.4% | Added |
| BlackRock, Inc. | 32,900,179 | $3.19B | 0.06% | −110,955−0.3% | Reduced |
| Vanguard Group Inc | 28,662,609 | $2.78B | 0.05% | +268,662+0.9% | Added |
| FMR LLC | 25,603,183 | $2.48B | 0.15% | +4,673,022+22.3% | Added |
| SC China Holding Ltd | 13,595,995 | $1.97B | 82.98% | −1,848,775−12.0% | Reduced |
| State Street Corp | 11,527,963 | $1.12B | 0.04% | −136,744−1.2% | Reduced |
| SC US (TTGP), Ltd. | 10,592,635 | $1.03B | 8.29% | −1,440,361−12.0% | Reduced |
| Morgan Stanley | 8,638,668 | $837.9M | 0.06% | −1,905,767−18.1% | Reduced |
| Norges Bank | 8,374,532 | $812.2M | 0.11% | −983,677−10.5% | Reduced |
| FIL Ltd | 7,978,622 | $773.8M | 0.72% | +3,350,627+72.4% | Added |
| JPMorgan Chase & Co | 7,760,003 | $752.6M | 0.06% | +42,584+0.6% | Added |
| H&H International Investment, LLCSuperinvestorH&H International Investment | 7,228,700 | $701.1M | 4.83% | +3,321,100+85.0% | Added |
| Price T Rowe Associates Inc | 6,521,857 | $632.6M | 0.07% | +1,118,855+20.7% | Added |
| Goldman Sachs Group Inc | 5,841,778 | $566.6M | 0.11% | −2,756,540−32.1% | Reduced |
| Geode Capital Management, LLC | 5,794,895 | $559.5M | 0.04% | +1,108,390+23.7% | Added |
| Dragoneer Investment Group, LLC | 5,572,094 | $540.4M | 9.44% | +1,827,853+48.8% | Added |
| Appaloosa LPSuperinvestorAppaloosa | 5,356,132 | $519.5M | 8.04% | +55,000+1.0% | Added |
| Sanders Capital, LLC | 5,154,878 | $500.0M | 0.73% | +5,154,878 | New |
| UBS Group AG | 5,024,809 | $487.4M | 0.11% | +1,978,932+65.0% | Added |
| BNP Paribas Arbitrage, SA | 4,763,849 | $462.0M | 0.36% | +371,175+8.4% | Added |
| Greenwoods Asset Management Hong Kong Ltd.SuperinvestorGreenwoods Asset Management | 4,635,519 | $449.6M | 14.20% | +117,733+2.6% | Added |
| HSBC Holdings PLC | 4,287,408 | $417.3M | 0.26% | −74,641−1.7% | Reduced |
| E Fund Management Co., Ltd. | 4,276,861 | $414.8M | 20.83% | −387,111−8.3% | Reduced |
| Legal & General Group Plc | 4,202,671 | $407.6M | 0.11% | +47,744+1.1% | Added |
| SRS Investment Management, LLC | 4,064,381 | $394.2M | 5.60% | −287,136−6.6% | Reduced |
| Assenagon Asset Management S.A. | 3,823,014 | $370.8M | 0.67% | −1,982,420−34.1% | Reduced |
| First Beijing Investment Ltd | 3,765,809 | $365.2M | 25.93% | +211,090+5.9% | Added |
| Invesco Ltd. | 3,664,660 | $355.4M | 0.07% | −1,007,076−21.6% | Reduced |
| Northern Trust Corp | 3,236,686 | $313.9M | 0.04% | +2,092,160+182.8% | Added |
| IDG China Venture Capital Fund IV Associates L.P. | 2,910,430 | $282.3M | 65.53% | −177,300−5.7% | Reduced |
| Nuveen Asset Management, LLC | 2,871,522 | $278.5M | 0.08% | +170,268+6.3% | Added |
| Krane Funds Advisors LLC | 2,825,103 | $274.0M | 11.21% | −482,997−14.6% | Reduced |
| HHLR Advisors, Ltd.SuperinvestorHHLR Advisors (Hillhouse) | 2,730,275 | $264.8M | 9.17% | −2,036,505−42.7% | Reduced |
| Dimensional Fund Advisors LP | 2,672,902 | $259.0M | 0.06% | +186,025+7.5% | Added |
| Tiger Global Management LLCSuperinvestorTiger Global Management | 2,628,681 | $255.0M | 0.96% | +2,628,681 | New |
| Capital International Investors | 2,544,833 | $246.8M | 0.05% | +2,544,833 | New |
| Capital Today Evergreen Fund, L.P. | 2,493,586 | $241.9M | 85.82% | +935,854+60.1% | Added |
| Deutsche Bank AG | 2,221,984 | $215.5M | 0.08% | −1,343,268−37.7% | Reduced |
| Bank of America Corp | 2,203,973 | $213.8M | 0.02% | −1,089,487−33.1% | Reduced |
| Robeco Institutional Asset Management B.V. | 2,149,516 | $208.5M | 0.40% | −85,959−3.8% | Reduced |
| Schroder Investment Management Group | 2,041,050 | $198.0M | 0.19% | +406,419+24.9% | Added |
| Barclays PLC | 1,874,125 | $181.8M | 0.09% | +115,767+6.6% | Added |
| Bank of New York Mellon Corp | 1,829,786 | $177.5M | 0.03% | +286,977+18.6% | Added |
| Public Investment Fund | 1,703,275 | $165.2M | 0.86% | 00.0% | Unchanged |
| Sumitomo Mitsui Trust Holdings, Inc. | 1,662,347 | $161.2M | 0.11% | −18,033−1.1% | Reduced |
| Perseverance Asset Management International | 1,646,425 | $159.7M | 21.52% | −111,481−6.3% | Reduced |
| Swiss National Bank | 1,572,244 | $152.5M | 0.10% | −3,500−0.2% | Reduced |
| Citigroup Inc | 1,521,140 | $147.5M | 0.14% | +694,575+84.0% | Added |
| Macquarie Group Ltd | 1,448,959 | $140.5M | 0.17% | −56,611−3.8% | Reduced |
| Standard Life Aberdeen plc | 1,397,319 | $136.6M | 0.26% | +157,099+12.7% | Added |
| Whale Rock Capital Management LLC | 1,370,266 | $132.9M | 1.57% | −157,057−10.3% | Reduced |
| Squarepoint Ops LLC | 1,333,894 | $129.4M | 0.33% | +653,356+96.0% | Added |
| GF Fund Management Co. Ltd. | 1,324,803 | $128.5M | 2.81% | +1,324,803 | New |
| Prudential PLC | 1,305,809 | $126.7M | 0.64% | −112,033−7.9% | Reduced |
| Bridgewater Associates, LP | 1,246,898 | $120.9M | 0.55% | −4,962−0.4% | Reduced |
| Keywise Capital Management (HK) Ltd | 1,147,760 | $111.3M | 9.21% | +5600.0% | Added |
| Pictet Asset Management Holding SA | 1,116,324 | $108.3M | 0.12% | −473,749−29.8% | Reduced |
| First Trust Advisors LP | 1,105,523 | $107.2M | 0.09% | −26,762−2.4% | Reduced |
| National Bank of Canada | 1,070,118 | $103.8M | 0.13% | −381,957−26.3% | Reduced |
| Temasek Holdings (Private) Ltd | 1,046,802 | $101.5M | 0.40% | +935,741+842.5% | Added |
| Artisan Partners Limited Partnership | 1,041,444 | $101.0M | 0.16% | +375,586+56.4% | Added |
| California Public Employees Retirement System | 993,591 | $96.4M | 0.06% | −89,077−8.2% | Reduced |
| Renaissance Technologies LLC | 947,500 | $91.9M | 0.14% | +341,300+56.3% | Added |
| IvyRock Asset Management (HK) Ltd | 930,336 | $90.2M | 40.08% | +91,800+10.9% | Added |
| Charles Schwab Investment Management Inc | 927,788 | $90.0M | 0.02% | +23,772+2.6% | Added |
| Great West Life Assurance Co | 900,300 | $87.3M | 0.15% | −25,360−2.7% | Reduced |
| UBS Asset Management Americas Inc | 899,349 | $87.2M | 0.02% | −12,245,862−93.2% | Reduced |
| Ameriprise Financial Inc | 890,893 | $86.4M | 0.02% | −285,996−24.3% | Reduced |
| AQR Capital Management LLC | 884,082 | $85.7M | 0.11% | +35,036+4.1% | Added |
| Citadel Advisors LLC | 841,386 | $81.6M | 0.08% | +43,295+5.4% | Added |
| Manufacturers Life Insurance Company, The | 830,880 | $80.6M | 0.07% | +17,842+2.2% | Added |
| Marshall Wace, LLP | 829,661 | $80.5M | 0.10% | −958,851−53.6% | Reduced |
| Cat Rock Capital Management LP | 822,714 | $79.8M | 10.43% | +132,555+19.2% | Added |
| ProShare Advisors LLC | 808,375 | $78.4M | 0.18% | +104,963+14.9% | Added |
| Wellington Management Group LLP | 788,510 | $76.5M | 0.01% | −99,928−11.2% | Reduced |
| APG Asset Management N.V. | 789,528 | $74.0M | 0.21% | +109,400+16.1% | Added |
| Barings LLC | 738,170 | $71.6M | 1.70% | +20,225+2.8% | Added |
| Lazard Asset Management LLC | 727,124 | $70.5M | 0.10% | −10,024−1.4% | Reduced |
| Tairen Capital Ltd | 712,134 | $69.1M | 10.15% | −4,803,243−87.1% | Reduced |
| Russell Investments Group, Ltd. | 691,520 | $66.8M | 0.09% | +221,769+47.2% | Added |
| Healthcare of Ontario Pension Plan Trust Fund | 687,282 | $66.7M | 0.14% | +304,810+79.7% | Added |
| BIT Capital GmbH | 685,365 | $66.5M | 5.82% | +315,919+85.5% | Added |
| Fisher Asset Management, LLC | 682,693 | $66.2M | 0.03% | −15,174−2.2% | Reduced |
| Triata Capital Ltd | 668,939 | $64.9M | 26.88% | +668,939 | New |
| Matthews International Capital Management LLC | 667,954 | $64.8M | 13.24% | −118,165−15.0% | Reduced |
| Brilliance Asset Management Ltd | 646,212 | $62.7M | 14.12% | +490,860+316.0% | Added |
| Mitsubishi UFJ Kokusai Asset Management Co., Ltd. | 643,791 | $62.3M | 0.06% | +25,802+4.2% | Added |
| Franchise Capital Ltd | 636,224 | $61.7M | 28.61% | −210,000−24.8% | Reduced |
| Royal London Asset Management Ltd | 631,666 | $61.3M | 0.15% | +630,900+82,362.9% | Added |
| Mirae Asset Global ETFs Holdings Ltd. | 621,092 | $60.2M | 0.13% | +72,674+13.3% | Added |
| Allianz Asset Management GmbH | 620,898 | $60.2M | 0.09% | −163,631−20.9% | Reduced |
| Aviva PLC | 616,033 | $59.7M | 0.16% | +7,088+1.2% | Added |
| Mitsubishi UFJ Trust & Banking Corp | 587,302 | $57.0M | 0.13% | −15,462−2.6% | Reduced |
| Massachusetts Financial Services Co | 578,161 | $56.1M | 0.02% | −91,444−13.7% | Reduced |
| Polar Capital Holdings Plc | 569,612 | $55.2M | 0.31% | +39,717+7.5% | Added |
| Cederberg Capital Ltd | 568,300 | $55.1M | 18.71% | 00.0% | Unchanged |
| American Century Companies Inc | 544,159 | $52.8M | 0.03% | +37,165+7.3% | Added |
| Korea Investment CORP | 530,787 | $51.5M | 0.12% | −10,700−2.0% | Reduced |
| Coronation Fund Managers Ltd. | 523,963 | $50.8M | 2.99% | −388,521−42.6% | Reduced |
| Principal Financial Group Inc | 517,077 | $50.2M | 0.03% | −155,577−23.1% | Reduced |