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, Q1 2025
Institutional positions in PDD Holdings Inc. as of Mar 31, 2025. 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
- +5 vs. Q4 2024
- Shares held
- 456.1M
- +58.7M (+14.8%) vs. Q4 2024
- Total value
- $49.1B
- +$9.87B (+25.2%) vs. Q4 2024
- New holders
- 99
- 227 more added
- Sold out
- 94
- 185 more reduced
8 institutions that held it in Q4 2024 haven't filed for Q1 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q4 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, Q1 2025
Shares, value and share of portfolio for each institution holding PDD Holdings Inc.; share changes are against Q4 2024.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Baillie Gifford & Co | 40,047,278 | $4.74B | 4.14% | +1,987,935+5.2% | Added |
| BlackRock, Inc. | 33,400,305 | $3.95B | 0.08% | +500,126+1.5% | Added |
| Vanguard Group Inc | 29,079,476 | $3.44B | 0.06% | +416,867+1.5% | Added |
| FMR LLC | 27,611,016 | $3.27B | 0.21% | +2,007,833+7.8% | Added |
| SC China Holding Ltd | 13,595,995 | $1.37B | 80.18% | 00.0% | Unchanged |
| State Street Corp | 11,534,755 | $1.37B | 0.06% | +6,792+0.1% | Added |
| SC US (TTGP), Ltd. | 10,592,635 | $1.25B | 11.86% | 00.0% | Unchanged |
| UBS Asset Management Americas Inc | 8,985,969 | $1.06B | 0.27% | +8,086,620+899.2% | Added |
| Norges Bank | 8,091,042 | $957.6M | 0.13% | −283,490−3.4% | Reduced |
| H&H International Investment, LLCSuperinvestorH&H International Investment | 7,753,900 | $917.7M | 7.64% | +525,200+7.3% | Added |
| FIL Ltd | 7,367,241 | $871.9M | 0.83% | −611,381−7.7% | Reduced |
| Sanders Capital, LLC | 7,018,165 | $830.6M | 1.24% | +1,863,287+36.1% | Added |
| Price T Rowe Associates Inc | 6,911,632 | $818.0M | 0.10% | +389,775+6.0% | Added |
| JPMorgan Chase & Co | 6,569,078 | $777.5M | 0.06% | −1,190,925−15.3% | Reduced |
| HHLR Advisors, Ltd.SuperinvestorHHLR Advisors (Hillhouse) | 6,562,576 | $776.7M | 21.94% | +3,832,301+140.4% | Added |
| Morgan Stanley | 6,166,728 | $729.8M | 0.05% | −2,471,940−28.6% | Reduced |
| Geode Capital Management, LLC | 5,985,911 | $704.1M | 0.06% | +191,016+3.3% | Added |
| Goldman Sachs Group Inc | 5,921,223 | $700.8M | 0.13% | +79,445+1.4% | Added |
| BNP Paribas Arbitrage, SA | 5,340,634 | $632.1M | 0.48% | +576,785+12.1% | Added |
| Invesco Ltd. | 5,301,333 | $627.4M | 0.12% | +1,636,673+44.7% | Added |
| Krane Funds Advisors LLC | 5,036,389 | $596.1M | 17.13% | +2,211,286+78.3% | Added |
| Assenagon Asset Management S.A. | 4,821,146 | $570.6M | 1.02% | +998,132+26.1% | Added |
| Greenwoods Asset Management Hong Kong Ltd.SuperinvestorGreenwoods Asset Management | 4,635,519 | $548.6M | 17.00% | 00.0% | Unchanged |
| Dragoneer Investment Group, LLC | 4,564,072 | $540.2M | 11.36% | −1,008,022−18.1% | Reduced |
| Tiger Global Management LLCSuperinvestorTiger Global Management | 4,415,681 | $522.6M | 1.97% | +1,787,000+68.0% | Added |
| Appaloosa LPSuperinvestorAppaloosa | 4,370,000 | $517.2M | 9.29% | −986,132−18.4% | Reduced |
| Legal & General Group Plc | 4,255,069 | $503.6M | 0.14% | +52,398+1.2% | Added |
| SRS Investment Management, LLC | 4,064,381 | $481.0M | 6.45% | 00.0% | Unchanged |
| HSBC Holdings PLC | 3,848,423 | $456.6M | 0.30% | −438,985−10.2% | Reduced |
| First Beijing Investment Ltd | 3,857,223 | $456.5M | 31.34% | +91,414+2.4% | Added |
| E Fund Management Co., Ltd. | 3,474,551 | $411.2M | 19.65% | −802,310−18.8% | Reduced |
| Northern Trust Corp | 3,205,604 | $379.4M | 0.06% | −31,082−1.0% | Reduced |
| UBS Group AG | 3,076,050 | $364.1M | 0.08% | −1,948,759−38.8% | Reduced |
| Deutsche Bank AG | 2,964,909 | $350.9M | 0.14% | +742,925+33.4% | Added |
| Dimensional Fund Advisors LP | 2,884,942 | $341.5M | 0.08% | +212,040+7.9% | Added |
| Capital International Investors | 2,747,063 | $325.1M | 0.06% | +202,230+7.9% | Added |
| IDG China Venture Capital Fund IV Associates L.P. | 2,630,982 | $311.4M | 77.25% | −279,448−9.6% | Reduced |
| Bank of America Corp | 2,569,959 | $304.2M | 0.03% | +365,986+16.6% | Added |
| Capital Today Evergreen Fund, L.P. | 2,493,586 | $295.1M | 89.82% | 00.0% | Unchanged |
| Orbis Allan Gray Ltd | 2,397,312 | $283.7M | 1.62% | +2,299,659+2,354.9% | Added |
| Robeco Institutional Asset Management B.V. | 2,369,381 | $280.4M | 0.54% | +219,865+10.2% | Added |
| Schroder Investment Management Group | 1,923,805 | $227.7M | 0.23% | −117,245−5.7% | Reduced |
| Triata Capital Ltd | 1,848,363 | $218.8M | 49.49% | +1,179,424+176.3% | Added |
| Bridgewater Associates, LP | 1,742,717 | $206.3M | 0.96% | +495,819+39.8% | Added |
| Public Investment Fund | 1,703,275 | $201.6M | 1.03% | 00.0% | Unchanged |
| Sumitomo Mitsui Trust Holdings, Inc. | 1,701,589 | $201.4M | 0.14% | +39,242+2.4% | Added |
| Bank of New York Mellon Corp | 1,689,498 | $200.0M | 0.04% | −140,288−7.7% | Reduced |
| Swiss National Bank | 1,577,244 | $186.7M | 0.13% | +5,000+0.3% | Added |
| Barclays PLC | 1,560,289 | $184.7M | 0.08% | −313,836−16.7% | Reduced |
| Perseverance Asset Management International | 1,513,763 | $179.2M | 23.40% | −132,662−8.1% | Reduced |
| Nuveen, LLC | 1,428,261 | $169.0M | 0.05% | +1,428,261 | New |
| Prudential PLC | 1,396,248 | $165.2M | 0.83% | +90,439+6.9% | Added |
| Trivest Advisors Ltd | 1,332,700 | $157.7M | 13.38% | +872,700+189.7% | Added |
| Macquarie Group Ltd | 1,286,336 | $152.2M | 0.19% | −162,623−11.2% | Reduced |
| Standard Life Aberdeen plc | 1,250,633 | $148.6M | 0.29% | −146,686−10.5% | Reduced |
| Squarepoint Ops LLC | 1,196,264 | $141.6M | 0.35% | −137,630−10.3% | Reduced |
| Susquehanna International Group, LLP | 1,196,212 | $141.6M | 0.23% | +1,058,825+770.7% | Added |
| Citigroup Inc | 1,182,923 | $140.0M | 0.11% | −338,217−22.2% | Reduced |
| Keywise Capital Management (HK) Ltd | 1,152,360 | $136.4M | 15.02% | +4,600+0.4% | Added |
| Marshall Wace, LLP | 1,136,117 | $134.5M | 0.18% | +306,456+36.9% | Added |
| Temasek Holdings (Private) Ltd | 1,132,985 | $134.1M | 0.54% | +86,183+8.2% | Added |
| Pictet Asset Management Holding SA | 1,096,565 | $129.8M | 0.14% | −19,759−1.8% | Reduced |
| Massachusetts Financial Services Co | 1,084,979 | $128.4M | 0.04% | +506,818+87.7% | Added |
| Great West Life Assurance Co | 1,023,850 | $121.3M | 0.21% | +123,550+13.7% | Added |
| Charles Schwab Investment Management Inc | 997,419 | $118.0M | 0.02% | +69,631+7.5% | Added |
| GF Fund Management Co. Ltd. | 981,853 | $116.2M | 2.73% | −342,950−25.9% | Reduced |
| California Public Employees Retirement System | 976,097 | $115.5M | 0.08% | −17,494−1.8% | Reduced |
| Wellington Management Group LLP | 950,922 | $112.5M | 0.02% | +162,412+20.6% | Added |
| ProShare Advisors LLC | 922,328 | $109.2M | 0.25% | +113,953+14.1% | Added |
| Artisan Partners Limited Partnership | 875,038 | $103.6M | 0.17% | −166,406−16.0% | Reduced |
| AQR Capital Management LLC | 864,498 | $102.3M | 0.11% | −19,584−2.2% | Reduced |
| IvyRock Asset Management (HK) Ltd | 864,349 | $102.3M | 48.08% | −65,987−7.1% | Reduced |
| First Trust Advisors LP | 821,987 | $97.3M | 0.09% | −283,536−25.6% | Reduced |
| Ameriprise Financial Inc | 810,983 | $96.0M | 0.03% | −79,910−9.0% | Reduced |
| Healthcare of Ontario Pension Plan Trust Fund | 784,762 | $92.9M | 0.21% | +97,480+14.2% | Added |
| Lazard Asset Management LLC | 728,956 | $86.3M | 0.13% | +1,832+0.3% | Added |
| Mitsubishi UFJ Kokusai Asset Management Co., Ltd. | 708,218 | $83.8M | 0.08% | +64,427+10.0% | Added |
| Royal London Asset Management Ltd | 690,772 | $81.8M | 0.19% | +59,106+9.4% | Added |
| Cat Rock Capital Management LP | 675,414 | $79.9M | 10.61% | −147,300−17.9% | Reduced |
| Mirae Asset Global ETFs Holdings Ltd. | 657,954 | $77.9M | 0.17% | +36,862+5.9% | Added |
| Man Group plc | 656,850 | $77.7M | 0.23% | +210,666+47.2% | Added |
| Pinpoint Asset Management Ltd | 610,585 | $76.1M | 13.30% | +137,027+28.9% | Added |
| Fisher Asset Management, LLC | 636,814 | $75.4M | 0.03% | −45,879−6.7% | Reduced |
| Matthews International Capital Management LLC | 632,426 | $74.8M | 15.45% | −35,528−5.3% | Reduced |
| Russell Investments Group, Ltd. | 621,829 | $73.8M | 0.10% | −69,691−10.1% | Reduced |
| Citadel Advisors LLC | 615,601 | $72.9M | 0.07% | −225,785−26.8% | Reduced |
| Aviva PLC | 609,698 | $72.2M | 0.17% | −6,335−1.0% | Reduced |
| Allianz Asset Management GmbH | 607,168 | $71.9M | 0.11% | −13,730−2.2% | Reduced |
| American Century Companies Inc | 603,184 | $71.4M | 0.04% | +59,025+10.8% | Added |
| Franklin Resources Inc | 600,356 | $71.1M | 0.02% | +131,265+28.0% | Added |
| IMC-Chicago, LLC | 598,324 | $70.8M | 2.75% | +366,450+158.0% | Added |
| Renaissance Technologies LLC | 589,900 | $69.8M | 0.11% | −357,600−37.7% | Reduced |
| Polar Capital Holdings Plc | 587,984 | $69.6M | 0.43% | +18,372+3.2% | Added |
| Maple Rock Capital Partners Inc. | 582,424 | $68.9M | 5.03% | +128,424+28.3% | Added |
| Mitsubishi UFJ Trust & Banking Corp | 579,652 | $68.6M | 0.18% | −7,650−1.3% | Reduced |
| Korea Investment CORP | 564,487 | $66.8M | 0.16% | +33,700+6.3% | Added |
| APG Asset Management N.V. | 590,128 | $64.7M | 0.20% | −199,400−25.3% | Reduced |
| Cederberg Capital Ltd | 528,700 | $62.6M | 24.17% | −39,600−7.0% | Reduced |
| Franchise Capital Ltd | 514,820 | $60.9M | 36.30% | −121,404−19.1% | Reduced |
| Barings LLC | 511,703 | $60.6M | 1.51% | −226,467−30.7% | Reduced |