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 |
|---|---|---|---|---|---|
| Platinum Investment Management Ltd | 504,465 | $48.9M | 2.87% | −588,197−53.8% | Reduced |
| Pinpoint Asset Management Ltd | 473,558 | $47.9M | 8.49% | −441,239−48.2% | Reduced |
| Harvest Fund Management Co., Ltd | 491,857 | $47.7M | 2.21% | −89,092−15.3% | Reduced |
| Acadian Asset Management LLC | 483,189 | $46.9M | 0.14% | −76,080−13.6% | Reduced |
| Shengqi Capital (Hong Kong) Ltd | 480,947 | $46.6M | 40.13% | +120,947+33.6% | Added |
| Capitolis Liquid Global Markets LLC | 476,000 | $46.2M | 0.45% | −30,500−6.0% | Reduced |
| Franklin Resources Inc | 469,091 | $45.5M | 0.01% | −123,257−20.8% | Reduced |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 467,162 | $45.3M | 0.11% | −209,493−31.0% | Reduced |
| Trivest Advisors Ltd | 460,000 | $44.6M | 2.02% | −773,700−62.7% | Reduced |
| Janus Henderson Group PLC | 455,266 | $44.2M | 0.02% | +355,712+357.3% | Added |
| Maple Rock Capital Partners Inc. | 454,000 | $44.0M | 3.20% | −96,560−17.5% | Reduced |
| Kora Management LP | 453,250 | $44.0M | 5.92% | −85,000−15.8% | Reduced |
| Causeway Capital Management LLC | 446,272 | $43.3M | 0.99% | −322,505−42.0% | Reduced |
| Man Group plc | 446,184 | $43.3M | 0.13% | −231,704−34.2% | Reduced |
| 3G Capital Partners LP | 425,000 | $41.2M | 11.82% | +50,000+13.3% | Added |
| DekaBank Deutsche Girozentrale | 408,010 | $39.7M | 0.07% | 00.0% | Unchanged |
| Storebrand Asset Management AS | 408,180 | $39.6M | 0.12% | +2,319+0.6% | Added |
| E Fund Management (Hong Kong) Co., Ltd. | 405,076 | $39.3M | 31.34% | −107,488−21.0% | Reduced |
| D. E. Shaw & Co., Inc. | 403,654 | $39.2M | 0.04% | −480,319−54.3% | Reduced |
| SG Americas Securities, LLC | 402,178 | $39.0M | 0.17% | −562,440−58.3% | Reduced |
| Alpine Investment Management Ltd | 400,000 | $38.8M | 24.83% | +400,000 | New |
| Sylebra Capital LLC | 399,695 | $38.8M | 1.45% | −92,471−18.8% | Reduced |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 380,638 | $36.9M | 0.11% | +16,680+4.6% | Added |
| Mirae Asset Global Investments Co., Ltd. | 414,628 | $36.4M | 0.15% | −129,966−23.9% | Reduced |
| Handelsbanken Fonder AB | 373,216 | $36.2M | 0.14% | +10,897+3.0% | Added |
| Wasatch Advisors Inc | 372,901 | $36.2M | 0.18% | +69,572+22.9% | Added |
| Swedbank AB | 358,715 | $34.8M | 0.04% | −73,800−17.1% | Reduced |
| M&G Plc | 354,970 | $34.4M | 0.21% | +107,553+43.5% | Added |
| RV Capital GmbH | 345,489 | $33.5M | 7.18% | +26,100+8.2% | Added |
| Nomura Holdings Inc | 336,800 | $32.7M | 0.17% | +46,208+15.9% | Added |
| Victory Capital Management Inc | 336,391 | $32.6M | 0.03% | −54,046−13.8% | Reduced |
| California State Teachers Retirement System | 324,354 | $31.5M | 0.04% | +21,507+7.1% | Added |
| Oversea-Chinese Banking CORP Ltd | 309,285 | $30.0M | 0.86% | +34,390+12.5% | Added |
| Bank of Montreal | 287,557 | $27.9M | 0.01% | −55,927−16.3% | Reduced |
| Public Sector Pension Investment Board | 281,452 | $27.3M | 0.12% | −62,542−18.2% | Reduced |
| Oaktree Capital Management LPSuperinvestorOaktree Capital | 277,767 | $26.9M | 0.51% | −5,500−1.9% | Reduced |
| SEI Investments Co | 273,168 | $26.5M | 0.03% | +37,689+16.0% | Added |
| British Columbia Investment Management Corp | 271,100 | $26.3M | 0.16% | −47,800−15.0% | Reduced |
| USS Investment Management Ltd | 267,153 | $25.9M | 0.19% | −219,622−45.1% | Reduced |
| AXA S.A. | 265,320 | $25.7M | 0.08% | −11,935−4.3% | Reduced |
| Wim Investment Management Ltd | 264,468 | $25.7M | 8.81% | −8,500−3.1% | Reduced |
| Nordea Investment Management AB | 252,195 | $24.7M | 0.03% | −118,276−31.9% | Reduced |
| Connor, Clark & Lunn Investment Management Ltd. | 252,743 | $24.5M | 0.11% | −401,153−61.3% | Reduced |
| Penserra Capital Management LLC | 251,166 | $24.4M | 0.45% | +93,216+59.0% | Added |
| Mackenzie Financial Corp | 244,609 | $23.7M | 0.03% | +40,732+20.0% | Added |
| Synergy Financial Management, LLC | 205,740 | $23.2M | 1.80% | +119,580+138.8% | Added |
| AnglePoint Asset Management Ltd | 238,592 | $23.1M | 52.32% | −20,800−8.0% | Reduced |
| IMC-Chicago, LLC | 231,874 | $22.5M | 0.61% | +123,913+114.8% | Added |
| Panview Capital Ltd | 230,700 | $22.4M | 4.77% | +230,700 | New |
| Investmentaktiengesellschaft Fuer Langfristige Investoren TGV | 230,000 | $21.7M | 1.59% | +10,000+4.5% | Added |
| Public Employees Retirement System of Ohio | 221,518 | $21.5M | 0.07% | −104,004−31.9% | Reduced |
| Parus Finance (UK) Ltd | 219,714 | $21.3M | 6.68% | −9,654−4.2% | Reduced |
| AlpInvest Partners B.V. | 218,050 | $21.1M | 22.06% | +39,982+22.5% | Added |
| Todd Asset Management LLC | 216,510 | $21.0M | 0.50% | +34,521+19.0% | Added |
| Credit Agricole S A | 215,486 | $20.9M | 0.07% | −10,527−4.7% | Reduced |
| Royal Bank of Canada | 214,936 | $20.8M | 0.00% | −116,230−35.1% | Reduced |
| Liontrust Investment Partners LLP | 202,473 | $19.6M | 0.28% | +157,173+347.0% | Added |
| KBC Group NV | 191,258 | $18.6M | 0.05% | −110,429−36.6% | Reduced |
| Alberta Investment Management Corp | 190,060 | $18.4M | 0.12% | +21,302+12.6% | Added |
| Global X Japan Co., Ltd. | 189,389 | $18.4M | 2.29% | +33,907+21.8% | Added |
| Genesis Investment Management, LLP | 184,792 | $17.9M | 19.68% | −703,159−79.2% | Reduced |
| Coatue Management LLCSuperinvestorCoatue Management | 184,628 | $17.9M | 0.06% | −2,402,908−92.9% | Reduced |
| Walleye Trading LLC | 183,548 | $17.8M | 0.35% | +183,548 | New |
| National Pension Service | 181,311 | $17.6M | 0.02% | +944+0.5% | Added |
| Alliancebernstein L.P. | 179,367 | $17.4M | 0.01% | −1,446,156−89.0% | Reduced |
| Balyasny Asset Management LLC | 175,683 | $17.0M | 0.04% | −198,580−53.1% | Reduced |
| MY.Alpha Management HK Advisors Ltd | 175,014 | $17.0M | 7.46% | −193,473−52.5% | Reduced |
| Police & Firemen's Retirement System of New Jersey | 173,716 | $16.8M | 0.16% | +173,716 | New |
| PEAK6 LLC | 173,251 | $16.8M | 0.66% | +173,251 | New |
| TB Alternative Assets Ltd. | 173,148 | $16.8M | 4.32% | 00.0% | Unchanged |
| Resona Asset Management Co.,Ltd. | 169,086 | $16.4M | 0.10% | −20,753−10.9% | Reduced |
| LMR Partners LLP | 162,206 | $15.7M | 0.27% | +114,070+237.0% | Added |
| Taikang Asset Management (Hong Kong) Co Ltd | 160,246 | $15.5M | 2.28% | −250,795−61.0% | Reduced |
| Trexquant Investment LP | 160,033 | $15.5M | 0.18% | +160,033 | New |
| Asset Management One Co.,Ltd. | 158,720 | $15.5M | 0.05% | +16,411+11.5% | Added |
| Guggenheim Capital LLC | 159,400 | $15.5M | 0.13% | +535+0.3% | Added |
| Candriam Luxembourg S.C.A. | 159,000 | $15.4M | 0.09% | −13,500−7.8% | Reduced |
| KLP Kapitalforvaltning AS | 155,400 | $15.1M | 0.07% | +155,400 | New |
| Tudor Investment Corp Et Al | 145,314 | $14.1M | 0.15% | +116,973+412.7% | Added |
| Alden Global Capital LLC | 144,375 | $14.0M | 13.64% | +51,590+55.6% | Added |
| Polymer Capital Management (HK) LTD | 141,155 | $13.7M | 2.40% | +14,100+11.1% | Added |
| Leading Securities Co Ltd | 139,370 | $13.5M | 43.94% | +139,370 | New |
| Orland Properties Ltd | 138,835 | $13.5M | 19.62% | 00.0% | Unchanged |
| Susquehanna International Group, LLP | 137,387 | $13.3M | 0.02% | +108,868+381.7% | Added |
| Antipodes Partners Ltd | 135,379 | $13.1M | 0.46% | −332,121−71.0% | Reduced |
| Teachers Retirement System of the State of Kentucky | 133,990 | $13.0M | 0.11% | +29,990+28.8% | Added |
| Lansforsakringar Fondforvaltning AB (publ) | 132,895 | $12.9M | 0.07% | +132,895 | New |
| Punch Card Management L.P. | 130,000 | $12.6M | 4.00% | +130,000 | New |
| Rafferty Asset Management, LLC | 129,148 | $12.5M | 0.04% | +11,666+9.9% | Added |
| CIBC Asset Management Inc | 127,820 | $12.4M | 0.04% | +2,301+1.8% | Added |
| FACT Capital, LP | 127,338 | $12.4M | 5.39% | −7,745−5.7% | Reduced |
| TD Asset Management Inc | 121,828 | $11.8M | 0.01% | +7,396+6.5% | Added |
| Kadensa Capital Ltd | 120,397 | $11.7M | 1.42% | +14,094+13.3% | Added |
| Caption Management, LLC | 119,000 | $11.5M | 0.48% | +115,000+2,875.0% | Added |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 118,471 | $11.5M | 0.01% | +21,552+22.2% | Added |
| Pamalican Asset Management Ltd | 118,000 | $11.4M | 5.05% | +118,000 | New |
| Blue Creek Capital Management Ltd | 116,721 | $11.3M | 15.51% | −30,000−20.4% | Reduced |
| AI-Squared Management Ltd | 115,300 | $11.2M | 11.40% | +79,100+218.5% | Added |
| Neuberger Berman Group LLC | 113,212 | $11.0M | 0.01% | −11,252−9.0% | Reduced |
| Himension Fund | 108,850 | $10.6M | 0.73% | +66,819+159.0% | Added |