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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.

Institutional holdersQ4 2024: 587 institutions
Q1 2021: 442 institutionsQ2 2021: 415 institutionsQ3 2021: 396 institutionsQ4 2021: 362 institutionsQ1 2022: 353 institutionsQ2 2022: 394 institutionsQ3 2022: 411 institutionsQ4 2022: 451 institutionsQ1 2023: 468 institutionsQ2 2023: 452 institutionsQ3 2023: 473 institutionsQ4 2023: 584 institutionsQ1 2024: 577 institutionsQ2 2024: 646 institutionsQ3 2024: 602 institutionsQ4 2024: 587 institutionsQ1 2025: 584 institutionsQ2 2025: 537 institutionsQ3 2025: 560 institutionsQ4 2025: 574 institutionsQ1 2026: 568 institutionsQ2 2026: 508 institutions
Value heldQ4 2024: $39.5B
Q1 2021: $31.9BQ2 2021: $31.8BQ3 2021: $24.7BQ4 2021: $15.7BQ1 2022: $11.0BQ2 2022: $17.7BQ3 2022: $19.2BQ4 2022: $26.5BQ1 2023: $25.9BQ2 2023: $23.2BQ3 2023: $35.8BQ4 2023: $55.8BQ1 2024: $44.2BQ2 2024: $57.6BQ3 2024: $55.8BQ4 2024: $39.5BQ1 2025: $49.1BQ2 2025: $42.9BQ3 2025: $53.9BQ4 2025: $49.6BQ1 2026: $43.4BQ2 2026: $32.9B
Institutions holding PDD and their total value by quarter
QuarterHoldersValue
Q2 2026508$32.9B
Q1 2026568$43.4B
Q4 2025574$49.6B
Q3 2025560$53.9B
Q2 2025537$42.9B
Q1 2025584$49.1B
Q4 2024587$39.5B
Q3 2024602$55.8B
Q2 2024646$57.6B
Q1 2024577$44.2B
Q4 2023584$55.8B
Q3 2023473$35.8B
Q2 2023452$23.2B
Q1 2023468$25.9B
Q4 2022451$26.5B
Q3 2022411$19.2B
Q2 2022394$17.7B
Q1 2022353$11.0B
Q4 2021362$15.7B
Q3 2021396$24.7B
Q2 2021415$31.8B
Q1 2021442$31.9B

Institutions, Q4 2024

Shares, value and share of portfolio for each institution holding PDD Holdings Inc.; share changes are against Q3 2024.

Institutions holding PDD in Q4 2024
InstitutionSharesValue% of portfolioChange in sharesAction
Truist Financial Corp8,748$848.5K0.00%−43−0.5%Reduced
Jain Global LLC8,791$852.6K0.03%+8,791New
Signaturefd, LLC8,838$857.2K0.02%−241−2.7%Reduced
LGT Group Foundation8,851$858.5K0.01%+33+0.4%Added
Ashburton (Jersey) Ltd8,891$862.0K0.38%−471−5.0%Reduced
Commonwealth of Pennsylvania Public School Empls Retrmt Sys9,060$878.7K0.01%+1,840+25.5%Added
US Bancorp9,079$880.6K0.00%+1,127+14.2%Added
Vise Technologies, Inc.9,280$900.1K0.07%+6,985+304.4%Added
Caas Capital Management LP9,429$914.5K0.76%+9,429New
HighTower Advisors, LLC9,463$917.8K0.00%+5,334+129.2%Added
Belpointe Asset Management LLC9,690$931.3K0.06%+335+3.6%Added
Caitong International Asset Management Co., Ltd9,696$940.4K0.92%+9,696New
Indus Capital Partners, LLC9,700$940.8K0.68%+9,700New
Vident Advisory, LLC9,771$947.7K0.02%+15+0.2%Added
Ping Capital Management, Inc.9,800$950.5K0.39%+9,800New
NewEdge Wealth, LLC9,825$952.9K0.02%−2,945−23.1%Reduced
Engineers Gate Manager LP10,057$975.4K0.02%+10,057New
Sicart Associates LLC10,116$981.2K0.35%+767+8.2%Added
Pathstone Holdings, LLC9,880$984.7K0.00%+135+1.4%Added
Marathon Trading Investment Management LLC10,209$990.2K0.16%−12,991−56.0%Reduced
Wetherby Asset Management Inc10,295$998.5K0.05%−2,032−16.5%Reduced
NFJ Investment Group, LLC10,341$1.00M0.03%−1,961−15.9%Reduced
Sanctuary Advisors, LLC8,707$1.00M0.01%−4,599−34.6%Reduced
Brinker Capital Investments, LLC10,434$1.01M0.01%−754−6.7%Reduced
Orion Portfolio Solutions, LLC10,434$1.01M0.01%−754−6.7%Reduced
JustInvest LLC10,441$1.01M0.02%−803−7.1%Reduced
Wahed Invest LLC10,825$1.05M0.17%+1,199+12.5%Added
China Universal Asset Management Co., Ltd.10,870$1.05M0.10%−35,700−76.7%Reduced
Banco Bilbao Vizcaya Argentaria, S.A.11,190$1.08M0.01%−17,799−61.4%Reduced
Cetera Investment Advisers11,154$1.08M0.00%+1,280+13.0%Added
Envestnet Asset Management Inc11,961$1.16M0.00%−24,136−66.9%Reduced
Oberweis Asset Management Inc12,000$1.16M0.05%−5,000−29.4%Reduced
Morningstar Investment Management LLC12,247$1.19M0.09%00.0%Unchanged
Jupiter Asset Management Ltd12,317$1.19M0.01%−29,557−70.6%Reduced
WCM Investment Management, LLC12,745$1.20M0.00%+11,062+657.3%Added
HRT Financial LP12,441$1.21M0.01%+12,441New
Cigna Investments Inc12,814$1.24M0.22%−585−4.4%Reduced
Global Endowment Management, LP12,976$1.26M0.16%−58,724−81.9%Reduced
Carmignac Gestion13,278$1.29M0.02%−116,077−89.7%Reduced
Naviter Wealth, LLC13,349$1.29M0.16%−2,597−16.3%Reduced
Lord, Abbett & Co. LLC13,431$1.30M0.00%−24,804−64.9%Reduced
QRG Capital Management, Inc.13,684$1.33M0.01%−2,134−13.5%Reduced
Union Bancaire Privee, UBP SA14,502$1.34M0.02%+14,502New
Ritholtz Wealth Management13,894$1.35M0.04%+414+3.1%Added
Generali Investments CEE, investicni spolecnost, a.s.14,000$1.36M0.14%+14,000New
GTS Securities LLC14,136$1.37M0.07%+14,136New
Arizona PSPRS Trust14,150$1.37M0.04%+14,150New
Jane Street Group, LLC14,336$1.39M0.00%−253,562−94.6%Reduced
Howard Capital Management Inc.14,386$1.40M0.02%+340+2.4%Added
Intech Investment Management LLC14,495$1.41M0.01%−99−0.7%Reduced
GWM Advisors LLC14,672$1.42M0.01%+7,868+115.6%Added
Solstein Capital, LLC14,699$1.43M0.80%−94−0.6%Reduced
CIBC World Markets Corp14,799$1.44M0.01%+164+1.1%Added
Integrated Quantitative Investments LLC15,080$1.46M0.72%+15,080New
Railway Pension Investments Ltd15,400$1.49M0.02%00.0%Unchanged
Cerity Partners LLC14,576$1.50M0.00%+694+5.0%Added
Nipun Capital, L.P.15,700$1.52M0.98%−1,200−7.1%Reduced
Advisory Services Network, LLC15,790$1.53M0.03%+599+3.9%Added
Headlands Technologies LLC15,906$1.54M0.15%+15,906New
Henry James International Management, Inc.16,151$1.57M0.56%−2,262−12.3%Reduced
Marex Group plc16,630$1.61M0.03%−582−3.4%Reduced
Mariner, LLC16,956$1.64M0.00%−3,439−16.9%Reduced
Edmond de Rothschild Holding S.A.17,010$1.65M0.03%−17,280−50.4%Reduced
Northwestern Mutual Wealth Management Co17,321$1.68M0.00%+14,648+548.0%Added
M&T Bank Corp17,570$1.70M0.01%+1,740+11.0%Added
Banco Santander, S.A.17,591$1.71M0.02%+6,727+61.9%Added
Oaktree Fund Advisors, LLC17,631$1.71M2.87%−2,400−12.0%Reduced
BI Asset Management Fondsmaeglerselskab A/S17,750$1.72M0.02%−59,964−77.2%Reduced
Ratan Capital Management LP17,000$1.72M0.26%00.0%Unchanged
Northwest & Ethical Investments L.P.17,881$1.73M0.05%+1,996+12.6%Added
CMT Capital Markets Trading GmbH17,900$1.74M1.03%+7,709+75.6%Added
Commonwealth Equity Services, LLC18,159$1.76M0.00%−7,089−28.1%Reduced
Qtron Investments LLC18,177$1.76M0.25%00.0%Unchanged
Danske Bank A/S18,312$1.78M0.01%−108,491−85.6%Reduced
TrimTabs Asset Management, LLC18,840$1.83M0.24%+18,840New
Capital Markets Trading UK LLP18,845$1.83M1.08%+500+2.7%Added
Exchange Traded Concepts, LLC18,903$1.83M0.04%+18,903New
Group One Trading, L.P.19,860$1.93M0.07%+19,860New
Toronto Dominion Bank19,936$1.93M0.00%+10,434+109.8%Added
Yarbrough Capital, LLC20,025$1.94M0.07%+20,025New
Two Sigma Investments, LP20,100$1.95M0.00%−80.0%Reduced
Ameritas Investment Partners, Inc.21,251$2.06M0.07%+1,153+5.7%Added
FengHe Fund Management Pte. Ltd.21,300$2.07M0.61%+21,300New
State of New Jersey Common Pension Fund D22,785$2.21M0.01%+4,709+26.1%Added
AustralianSuper Pty Ltd22,789$2.21M0.01%+6,748+42.1%Added
LGT Fund Management Co Ltd.23,523$2.28M0.20%+23,523New
Veritas Asset Management LLP23,791$2.31M0.02%−1,924−7.5%Reduced
New Thinking (Hong Kong) Investment Management Co. Ltd23,793$2.31M25.16%+23,793New
Vaughan Nelson Investment Management, L.P.24,385$2.37M0.02%+1,950+8.7%Added
Origin Asset Management LLP24,709$2.40M5.51%−413,170−94.4%Reduced
Dnca Finance24,800$2.41M0.19%−1,520−5.8%Reduced
Creative Planning24,917$2.42M0.00%+7,316+41.6%Added
Saba Capital Management, L.P.25,000$2.42M0.06%−3,000−10.7%Reduced
Crossmark Global Holdings, Inc.25,815$2.50M0.05%+1,368+5.6%Added
Freemont Capital Pte Ltd26,000$2.52M0.05%00.0%Unchanged
IFM Investors Pty Ltd26,036$2.53M0.03%−9,862−27.5%Reduced
J. Safra Sarasin Holding AG27,201$2.57M0.04%−68,311−71.5%Reduced
Alps Advisors Inc28,559$2.77M0.02%+1,105+4.0%Added
Kamunting Street Capital Management, L.P.30,000$2.91M2.52%+2,728+10.0%Added
Natixis30,336$2.94M0.02%+24,284+401.3%Added