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 | 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 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 |
|---|---|---|---|---|---|
| Mitsubishi UFJ Kokusai Asset Management Co., Ltd. | 643,791 | $62.3M | 0.06% | +25,802+4.2% | Added |
| Brilliance Asset Management Ltd | 646,212 | $62.7M | 14.12% | +490,860+316.0% | Added |
| Matthews International Capital Management LLC | 667,954 | $64.8M | 13.24% | −118,165−15.0% | Reduced |
| Triata Capital Ltd | 668,939 | $64.9M | 26.88% | +668,939 | New |
| Fisher Asset Management, LLC | 682,693 | $66.2M | 0.03% | −15,174−2.2% | Reduced |
| BIT Capital GmbH | 685,365 | $66.5M | 5.82% | +315,919+85.5% | Added |
| Healthcare of Ontario Pension Plan Trust Fund | 687,282 | $66.7M | 0.14% | +304,810+79.7% | Added |
| Russell Investments Group, Ltd. | 691,520 | $66.8M | 0.09% | +221,769+47.2% | Added |
| Tairen Capital Ltd | 712,134 | $69.1M | 10.15% | −4,803,243−87.1% | Reduced |
| Lazard Asset Management LLC | 727,124 | $70.5M | 0.10% | −10,024−1.4% | Reduced |
| Barings LLC | 738,170 | $71.6M | 1.70% | +20,225+2.8% | Added |
| APG Asset Management N.V. | 789,528 | $74.0M | 0.21% | +109,400+16.1% | Added |
| Wellington Management Group LLP | 788,510 | $76.5M | 0.01% | −99,928−11.2% | Reduced |
| ProShare Advisors LLC | 808,375 | $78.4M | 0.18% | +104,963+14.9% | Added |
| Cat Rock Capital Management LP | 822,714 | $79.8M | 10.43% | +132,555+19.2% | Added |
| Marshall Wace, LLP | 829,661 | $80.5M | 0.10% | −958,851−53.6% | Reduced |
| Manufacturers Life Insurance Company, The | 830,880 | $80.6M | 0.07% | +17,842+2.2% | Added |
| Citadel Advisors LLC | 841,386 | $81.6M | 0.08% | +43,295+5.4% | Added |
| AQR Capital Management LLC | 884,082 | $85.7M | 0.11% | +35,036+4.1% | Added |
| Ameriprise Financial Inc | 890,893 | $86.4M | 0.02% | −285,996−24.3% | Reduced |
| UBS Asset Management Americas Inc | 899,349 | $87.2M | 0.02% | −12,245,862−93.2% | Reduced |
| Great West Life Assurance Co | 900,300 | $87.3M | 0.15% | −25,360−2.7% | Reduced |
| Charles Schwab Investment Management Inc | 927,788 | $90.0M | 0.02% | +23,772+2.6% | Added |
| IvyRock Asset Management (HK) Ltd | 930,336 | $90.2M | 40.08% | +91,800+10.9% | Added |
| Renaissance Technologies LLC | 947,500 | $91.9M | 0.14% | +341,300+56.3% | Added |
| California Public Employees Retirement System | 993,591 | $96.4M | 0.06% | −89,077−8.2% | Reduced |
| Artisan Partners Limited Partnership | 1,041,444 | $101.0M | 0.16% | +375,586+56.4% | Added |
| Temasek Holdings (Private) Ltd | 1,046,802 | $101.5M | 0.40% | +935,741+842.5% | Added |
| National Bank of Canada | 1,070,118 | $103.8M | 0.13% | −381,957−26.3% | Reduced |
| First Trust Advisors LP | 1,105,523 | $107.2M | 0.09% | −26,762−2.4% | Reduced |
| Pictet Asset Management Holding SA | 1,116,324 | $108.3M | 0.12% | −473,749−29.8% | Reduced |
| Keywise Capital Management (HK) Ltd | 1,147,760 | $111.3M | 9.21% | +5600.0% | Added |
| Bridgewater Associates, LP | 1,246,898 | $120.9M | 0.55% | −4,962−0.4% | Reduced |
| Prudential PLC | 1,305,809 | $126.7M | 0.64% | −112,033−7.9% | Reduced |
| GF Fund Management Co. Ltd. | 1,324,803 | $128.5M | 2.81% | +1,324,803 | New |
| Squarepoint Ops LLC | 1,333,894 | $129.4M | 0.33% | +653,356+96.0% | Added |
| Whale Rock Capital Management LLC | 1,370,266 | $132.9M | 1.57% | −157,057−10.3% | Reduced |
| Standard Life Aberdeen plc | 1,397,319 | $136.6M | 0.26% | +157,099+12.7% | Added |
| Macquarie Group Ltd | 1,448,959 | $140.5M | 0.17% | −56,611−3.8% | Reduced |
| Citigroup Inc | 1,521,140 | $147.5M | 0.14% | +694,575+84.0% | Added |
| Swiss National Bank | 1,572,244 | $152.5M | 0.10% | −3,500−0.2% | Reduced |
| Perseverance Asset Management International | 1,646,425 | $159.7M | 21.52% | −111,481−6.3% | Reduced |
| Sumitomo Mitsui Trust Holdings, Inc. | 1,662,347 | $161.2M | 0.11% | −18,033−1.1% | Reduced |
| Public Investment Fund | 1,703,275 | $165.2M | 0.86% | 00.0% | Unchanged |
| Bank of New York Mellon Corp | 1,829,786 | $177.5M | 0.03% | +286,977+18.6% | Added |
| Barclays PLC | 1,874,125 | $181.8M | 0.09% | +115,767+6.6% | Added |
| Schroder Investment Management Group | 2,041,050 | $198.0M | 0.19% | +406,419+24.9% | Added |
| Robeco Institutional Asset Management B.V. | 2,149,516 | $208.5M | 0.40% | −85,959−3.8% | Reduced |
| Bank of America Corp | 2,203,973 | $213.8M | 0.02% | −1,089,487−33.1% | Reduced |
| Deutsche Bank AG | 2,221,984 | $215.5M | 0.08% | −1,343,268−37.7% | Reduced |
| Capital Today Evergreen Fund, L.P. | 2,493,586 | $241.9M | 85.82% | +935,854+60.1% | Added |
| Capital International Investors | 2,544,833 | $246.8M | 0.05% | +2,544,833 | New |
| Tiger Global Management LLCSuperinvestorTiger Global Management | 2,628,681 | $255.0M | 0.96% | +2,628,681 | New |
| Dimensional Fund Advisors LP | 2,672,902 | $259.0M | 0.06% | +186,025+7.5% | Added |
| HHLR Advisors, Ltd.SuperinvestorHHLR Advisors (Hillhouse) | 2,730,275 | $264.8M | 9.17% | −2,036,505−42.7% | Reduced |
| Krane Funds Advisors LLC | 2,825,103 | $274.0M | 11.21% | −482,997−14.6% | Reduced |
| Nuveen Asset Management, LLC | 2,871,522 | $278.5M | 0.08% | +170,268+6.3% | Added |
| IDG China Venture Capital Fund IV Associates L.P. | 2,910,430 | $282.3M | 65.53% | −177,300−5.7% | Reduced |
| Northern Trust Corp | 3,236,686 | $313.9M | 0.04% | +2,092,160+182.8% | Added |
| Invesco Ltd. | 3,664,660 | $355.4M | 0.07% | −1,007,076−21.6% | Reduced |
| First Beijing Investment Ltd | 3,765,809 | $365.2M | 25.93% | +211,090+5.9% | Added |
| Assenagon Asset Management S.A. | 3,823,014 | $370.8M | 0.67% | −1,982,420−34.1% | Reduced |
| SRS Investment Management, LLC | 4,064,381 | $394.2M | 5.60% | −287,136−6.6% | Reduced |
| Legal & General Group Plc | 4,202,671 | $407.6M | 0.11% | +47,744+1.1% | Added |
| E Fund Management Co., Ltd. | 4,276,861 | $414.8M | 20.83% | −387,111−8.3% | Reduced |
| HSBC Holdings PLC | 4,287,408 | $417.3M | 0.26% | −74,641−1.7% | Reduced |
| Greenwoods Asset Management Hong Kong Ltd.SuperinvestorGreenwoods Asset Management | 4,635,519 | $449.6M | 14.20% | +117,733+2.6% | Added |
| BNP Paribas Arbitrage, SA | 4,763,849 | $462.0M | 0.36% | +371,175+8.4% | Added |
| UBS Group AG | 5,024,809 | $487.4M | 0.11% | +1,978,932+65.0% | Added |
| Sanders Capital, LLC | 5,154,878 | $500.0M | 0.73% | +5,154,878 | New |
| Appaloosa LPSuperinvestorAppaloosa | 5,356,132 | $519.5M | 8.04% | +55,000+1.0% | Added |
| Dragoneer Investment Group, LLC | 5,572,094 | $540.4M | 9.44% | +1,827,853+48.8% | Added |
| Geode Capital Management, LLC | 5,794,895 | $559.5M | 0.04% | +1,108,390+23.7% | Added |
| Goldman Sachs Group Inc | 5,841,778 | $566.6M | 0.11% | −2,756,540−32.1% | Reduced |
| Price T Rowe Associates Inc | 6,521,857 | $632.6M | 0.07% | +1,118,855+20.7% | Added |
| H&H International Investment, LLCSuperinvestorH&H International Investment | 7,228,700 | $701.1M | 4.83% | +3,321,100+85.0% | Added |
| JPMorgan Chase & Co | 7,760,003 | $752.6M | 0.06% | +42,584+0.6% | Added |
| FIL Ltd | 7,978,622 | $773.8M | 0.72% | +3,350,627+72.4% | Added |
| Norges Bank | 8,374,532 | $812.2M | 0.11% | −983,677−10.5% | Reduced |
| Morgan Stanley | 8,638,668 | $837.9M | 0.06% | −1,905,767−18.1% | Reduced |
| SC US (TTGP), Ltd. | 10,592,635 | $1.03B | 8.29% | −1,440,361−12.0% | Reduced |
| State Street Corp | 11,527,963 | $1.12B | 0.04% | −136,744−1.2% | Reduced |
| SC China Holding Ltd | 13,595,995 | $1.97B | 82.98% | −1,848,775−12.0% | Reduced |
| FMR LLC | 25,603,183 | $2.48B | 0.15% | +4,673,022+22.3% | Added |
| Vanguard Group Inc | 28,662,609 | $2.78B | 0.05% | +268,662+0.9% | Added |
| BlackRock, Inc. | 32,900,179 | $3.19B | 0.06% | −110,955−0.3% | Reduced |
| Baillie Gifford & Co | 38,059,343 | $3.69B | 2.84% | +1,942,891+5.4% | Added |
| Arrowstreet Capital, Limited Partnership | 0 | $0 | 0.00% | −9,477,455−100.0% | Sold out |
| William Blair Investment Management, LLC | 0 | $0 | 0.00% | −949,976−100.0% | Sold out |
| Scge Management, L.P. | 0 | $0 | 0.00% | −830,000−100.0% | Sold out |
| Simplex Trading, LLC | 0 | $0 | 0.00% | −710,095−100.0% | Sold out |
| TT International Asset Management LTD | 0 | $0 | 0.00% | −552,116−100.0% | Sold out |
| Steadfast Capital Management LP | 0 | $0 | 0.00% | −541,300−100.0% | Sold out |
| D1 Capital Partners L.P.SuperinvestorD1 Capital Partners | 0 | $0 | 0.00% | −384,000−100.0% | Sold out |
| Fullerton Fund Management Co Ltd. | 0 | $0 | 0.00% | −265,821−100.0% | Sold out |
| Oxbow Capital Management (HK) Ltd | 0 | $0 | 0.00% | −247,000−100.0% | Sold out |
| Point72 Asset Management, L.P. | 0 | $0 | 0.00% | −213,242−100.0% | Sold out |
| Sequoia China Equity Partners (Hong Kong) Ltd | 0 | $0 | 0.00% | −200,000−100.0% | Sold out |
| CloudAlpha Capital Management Limited/Hong Kong | 0 | $0 | 0.00% | −186,000−100.0% | Sold out |
| Ardmore Road Asset Management LP | 0 | $0 | 0.00% | −182,000−100.0% | Sold out |