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 |
|---|---|---|---|---|---|
| Walleye Capital LLC | 27,350 | $3.24M | 0.04% | −15,679−36.4% | Reduced |
| Venture Visionary Partners LLC | 27,409 | $3.24M | 0.14% | +27,409 | New |
| Saba Capital Management, L.P. | 27,500 | $3.25M | 0.09% | +2,500+10.0% | Added |
| IFM Investors Pty Ltd | 27,776 | $3.29M | 0.04% | +1,740+6.7% | Added |
| Garda Capital Partners LP | 27,851 | $3.30M | 1.85% | −71,118−71.9% | Reduced |
| LPL Financial LLC | 28,501 | $3.37M | 0.00% | −3,690−11.5% | Reduced |
| Jupiter Asset Management Ltd | 29,209 | $3.46M | 0.03% | +16,892+137.1% | Added |
| LMR Partners LLP | 30,410 | $3.60M | 0.07% | −131,796−81.3% | Reduced |
| Toronto Dominion Bank | 30,737 | $3.64M | 0.01% | +10,801+54.2% | Added |
| XTX Topco Ltd | 31,420 | $3.72M | 0.19% | +31,420 | New |
| Two Sigma Advisers, LP | 32,100 | $3.80M | 0.01% | −29,700−48.1% | Reduced |
| Pacer Advisors, Inc. | 32,476 | $3.84M | 0.01% | −811−2.4% | Reduced |
| Shell Asset Management Co | 33,720 | $3.99M | 0.19% | +241+0.7% | Added |
| Natixis | 33,748 | $4.01M | 0.02% | +3,412+11.2% | Added |
| Yousif Capital Management, LLC | 34,142 | $4.04M | 0.05% | +3,019+9.7% | Added |
| Zweig-DiMenna Associates LLC | 34,500 | $4.08M | 0.65% | +34,500 | New |
| Carnegie Mellon University | 35,322 | $4.18M | 3.24% | 00.0% | Unchanged |
| Alden Global Capital LLC | 35,437 | $4.19M | 4.48% | −108,938−75.5% | Reduced |
| Millennium Management LLC | 36,318 | $4.30M | 0.00% | −61,558−62.9% | Reduced |
| SIH Partners, LLLP | 36,713 | $4.34M | 0.38% | +32,400+751.2% | Added |
| Creative Planning | 36,806 | $4.36M | 0.00% | +11,889+47.7% | Added |
| HRT Financial LP | 36,875 | $4.36M | 0.03% | +24,434+196.4% | Added |
| Myriad Asset Management US LP | 37,990 | $4.50M | 1.89% | +37,990 | New |
| Gulf International Bank (UK) Ltd | 38,916 | $4.61M | 0.16% | −13,267−25.4% | Reduced |
| Grafton Street Partners Fund, LP | 39,100 | $4.63M | 3.56% | +39,100 | New |
| Raymond James Financial Inc | 39,118 | $4.63M | 0.00% | +7,013+21.8% | Added |
| Quantinno Capital Management LP | 39,396 | $4.66M | 0.03% | +8,245+26.5% | Added |
| Nipun Capital, L.P. | 40,800 | $4.83M | 2.83% | +25,100+159.9% | Added |
| Maxi Investments CY Ltd | 41,485 | $4.91M | 0.98% | 00.0% | Unchanged |
| Rakuten Investment Management, Inc. | 41,065 | $4.95M | 0.02% | +41,065 | New |
| UBS Oconnor LLC | 42,300 | $5.01M | 0.12% | +42,300 | New |
| Virtus Family Office LLC | 42,308 | $5.01M | 6.43% | +190.0% | Added |
| Comgest Global Investors S.A.S. | 42,688 | $5.05M | 0.09% | 00.0% | Unchanged |
| Yarbrough Capital, LLC | 42,881 | $5.07M | 0.22% | +22,856+114.1% | Added |
| Arrowstreet Capital, Limited Partnership | 43,563 | $5.16M | 0.00% | +43,563 | New |
| Marex Group plc | 43,867 | $5.19M | 0.10% | +27,237+163.8% | Added |
| HAP Trading, LLC | 44,236 | $5.24M | 1.86% | +44,236 | New |
| Allspring Global Investments Holdings, LLC | 44,212 | $5.40M | 0.01% | −9,052−17.0% | Reduced |
| Union Bancaire Privee, UBP SA | 46,976 | $5.43M | 0.11% | +32,474+223.9% | Added |
| Van Eck Associates Corp | 48,065 | $5.69M | 0.01% | −2,526−5.0% | Reduced |
| Seldon Capital LP | 48,226 | $5.71M | 3.59% | 00.0% | Unchanged |
| O'Shaughnessy Asset Management, LLC | 48,785 | $5.77M | 0.05% | +5,023+11.5% | Added |
| Louisiana State Employees Retirement System | 48,800 | $5.78M | 0.11% | 00.0% | Unchanged |
| 14B Captial Management LP | 49,000 | $5.80M | 2.42% | +49,000 | New |
| B. Metzler seel. Sohn & Co. AG | 49,132 | $5.81M | 0.06% | −1,154−2.3% | Reduced |
| Sumitomo Mitsui DS Asset Management Company, Ltd | 49,403 | $5.85M | 0.06% | −240.0% | Reduced |
| Corebridge Financial, Inc. | 49,783 | $5.89M | 0.03% | −1,360−2.7% | Reduced |
| Proem Advisors LLC | 50,000 | $5.92M | 3.11% | +50,000 | New |
| Twenty Acre Capital LP | 61,300 | $5.95M | 4.85% | 00.0% | Unchanged |
| DnB Asset Management AS | 51,040 | $6.04M | 0.03% | 00.0% | Unchanged |
| Siren, L.L.C. | 52,901 | $6.26M | 0.35% | 00.0% | Unchanged |
| Virginia Retirement Systems Et Al | 54,300 | $6.43M | 0.05% | +54,300 | New |
| ABS Direct Equity Fund LLC | 54,600 | $6.46M | 8.64% | −5,500−9.2% | Reduced |
| Fairtree Asset Management (Pty) Ltd | 54,833 | $6.49M | 5.22% | −2,190−3.8% | Reduced |
| AMS Capital Ltda | 54,906 | $6.50M | 2.68% | −2,716−4.7% | Reduced |
| STRS Ohio | 58,099 | $6.88M | 0.03% | 00.0% | Unchanged |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 58,571 | $6.93M | 0.01% | −59,900−50.6% | Reduced |
| Amiral Gestion | 59,500 | $7.04M | 3.88% | −27,500−31.6% | Reduced |
| Ensign Peak Advisors, Inc | 59,900 | $7.09M | 0.01% | −6,500−9.8% | Reduced |
| Thornburg Investment Management Inc | 62,498 | $7.40M | 0.10% | −376−0.6% | Reduced |
| Bamco Inc | 63,654 | $7.53M | 0.02% | +6,275+10.9% | Added |
| Polen Capital Management LLC | 66,193 | $7.83M | 0.02% | −899−1.3% | Reduced |
| Daiwa Securities Group Inc. | 66,302 | $7.85M | 0.03% | +9,395+16.5% | Added |
| Los Angeles Capital Management LLC | 67,366 | $7.97M | 0.04% | +4,539+7.2% | Added |
| J. Safra Sarasin Holding AG | 67,701 | $8.01M | 0.15% | +40,500+148.9% | Added |
| NEOS Investment Management LLC | 68,763 | $8.14M | 0.15% | +22,005+47.1% | Added |
| Prudential Financial Inc | 69,906 | $8.27M | 0.01% | −1,500−2.1% | Reduced |
| Janney Capital Management LLC | 70,744 | $8.37M | 0.58% | +34,660+96.1% | Added |
| Aware Super Pty Ltd as trustee of Aware Super | 71,104 | $8.42M | 0.14% | 00.0% | Unchanged |
| Varma Mutual Pension Insurance Co | 71,300 | $8.44M | 0.07% | −7,000−8.9% | Reduced |
| FACT Capital, LP | 71,601 | $8.47M | 4.02% | −55,737−43.8% | Reduced |
| New York State Common Retirement Fund | 76,501 | $9.05M | 0.01% | +14,534+23.5% | Added |
| Shelton Capital Management | 76,537 | $9.06M | 0.22% | −3,030−3.8% | Reduced |
| Ci Investments Inc. | 81,202 | $9.61M | 0.04% | +7,235+9.8% | Added |
| iA Global Asset Management Inc. | 82,267 | $9.74M | 0.17% | +1,219+1.5% | Added |
| Himension Fund | 82,476 | $9.76M | 0.83% | −26,374−24.2% | Reduced |
| Panagora Asset Management Inc | 85,935 | $10.2M | 0.05% | −8,986−9.5% | Reduced |
| Rhumbline Advisers | 87,262 | $10.3M | 0.01% | −11,871−12.0% | Reduced |
| Profund Advisors LLC | 87,365 | $10.3M | 0.45% | +7,036+8.8% | Added |
| Verition Fund Management LLC | 88,940 | $10.5M | 0.06% | +39,006+78.1% | Added |
| Nissay Asset Management Corp | 91,752 | $10.9M | 0.07% | +13,883+17.8% | Added |
| All-Stars Investment Ltd | 94,500 | $11.2M | 3.45% | +54,000+133.3% | Added |
| 683 Capital Management, LLC | 95,000 | $11.2M | 1.14% | 00.0% | Unchanged |
| Balyasny Asset Management LLC | 96,166 | $11.4M | 0.03% | −79,517−45.3% | Reduced |
| Simplex Trading, LLC | 97,380 | $11.5M | 0.41% | +97,380 | New |
| Toroso Investments, LLC | 98,779 | $11.7M | 0.10% | −5,983−5.7% | Reduced |
| Rafferty Asset Management, LLC | 100,272 | $11.9M | 0.05% | −28,876−22.4% | Reduced |
| Point72 Hong Kong Ltd | 101,779 | $12.0M | 0.86% | +101,779 | New |
| Mirae Asset Securities (USA) Inc. | 103,558 | $12.3M | 0.53% | +103,558 | New |
| Nomura Holdings Inc | 103,909 | $12.3M | 0.07% | −232,891−69.1% | Reduced |
| Causeway Capital Management LLC | 105,926 | $12.5M | 0.26% | −340,346−76.3% | Reduced |
| Contrarius Group Holdings Ltd | 106,987 | $12.7M | 0.87% | +3,273+3.2% | Added |
| RWC Asset Management LLP | 108,801 | $12.9M | 0.66% | +108,801 | New |
| Platinum Investment Management Ltd | 110,255 | $13.0M | 0.76% | −394,210−78.1% | Reduced |
| Wells Fargo & Company | 111,667 | $13.2M | 0.00% | +59,838+115.5% | Added |
| Nomura Asset Management Co Ltd | 112,394 | $13.3M | 0.04% | +5,766+5.4% | Added |
| TD Asset Management Inc | 113,612 | $13.4M | 0.01% | −8,216−6.7% | Reduced |
| Blue Creek Capital Management Ltd | 116,721 | $13.8M | 17.92% | 00.0% | Unchanged |
| CMT Capital Markets Trading GmbH | 117,126 | $13.9M | 5.73% | +99,226+554.3% | Added |
| Neuberger Berman Group LLC | 117,951 | $14.0M | 0.01% | +4,739+4.2% | Added |