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 |
|---|---|---|---|---|---|
| Vontobel Holding Ltd. | 119,841 | $14.2M | 0.05% | +17,494+17.1% | Added |
| Guggenheim Capital LLC | 121,896 | $14.4M | 0.14% | −37,504−23.5% | Reduced |
| Lansforsakringar Fondforvaltning AB (publ) | 131,093 | $15.5M | 0.10% | −1,802−1.4% | Reduced |
| Ossiam | 134,000 | $15.9M | 0.22% | +134,000 | New |
| Antipodes Partners Ltd | 136,748 | $16.2M | 0.51% | +1,369+1.0% | Added |
| Voya Investment Management LLC | 138,695 | $16.4M | 0.02% | +45,251+48.4% | Added |
| Orland Properties Ltd | 138,835 | $16.4M | 19.83% | 00.0% | Unchanged |
| CIBC Asset Management Inc | 142,129 | $16.8M | 0.06% | +14,309+11.2% | Added |
| Polymer Capital Management (HK) LTD | 149,883 | $17.7M | 3.08% | +8,728+6.2% | Added |
| Pinebridge Investments, L.P. | 153,333 | $18.1M | 0.15% | +144,706+1,677.4% | Added |
| Liontrust Investment Partners LLP | 156,541 | $18.5M | 0.29% | −45,932−22.7% | Reduced |
| KLP Kapitalforvaltning AS | 157,200 | $18.6M | 0.09% | +1,800+1.2% | Added |
| Panview Capital Ltd | 160,700 | $19.0M | 7.20% | −70,000−30.3% | Reduced |
| AlpInvest Partners B.V. | 161,189 | $19.1M | 27.98% | −56,861−26.1% | Reduced |
| Think Investments LP | 162,000 | $19.2M | 3.74% | +162,000 | New |
| Asset Management One Co.,Ltd. | 167,427 | $19.8M | 0.07% | +8,707+5.5% | Added |
| Teachers Retirement System of the State of Kentucky | 168,590 | $20.0M | 0.18% | +34,600+25.8% | Added |
| Luxor Capital Group, LP | 172,570 | $20.4M | 2.61% | +111,570+182.9% | Added |
| National Pension Service | 173,068 | $20.5M | 0.02% | −8,243−4.5% | Reduced |
| Capital International Inc | 178,113 | $21.1M | 0.26% | +101,384+132.1% | Added |
| Fullerton Fund Management Co Ltd. | 179,265 | $21.2M | 1.36% | +179,265 | New |
| AXA S.A. | 180,048 | $21.3M | 0.07% | −85,272−32.1% | Reduced |
| Candriam Luxembourg S.C.A. | 180,800 | $21.4M | 0.13% | +21,800+13.7% | Added |
| Police & Firemen's Retirement System of New Jersey | 181,960 | $21.5M | 0.22% | +8,244+4.7% | Added |
| KBC Group NV | 181,981 | $21.5M | 0.07% | −9,277−4.9% | Reduced |
| Resona Asset Management Co.,Ltd. | 184,281 | $21.9M | 0.13% | +15,195+9.0% | Added |
| MY.Alpha Management HK Advisors Ltd | 187,300 | $22.2M | 11.03% | +12,286+7.0% | Added |
| Quadrature Capital Ltd | 190,375 | $22.5M | 0.50% | +190,375 | New |
| Alberta Investment Management Corp | 194,656 | $23.0M | 0.16% | +4,596+2.4% | Added |
| Carrhae Capital LLP | 196,437 | $23.2M | 2.70% | +136,217+226.2% | Added |
| Parus Finance (UK) Ltd | 197,984 | $23.4M | 8.00% | −21,730−9.9% | Reduced |
| Whale Rock Capital Management LLC | 199,016 | $23.6M | 0.41% | −1,171,250−85.5% | Reduced |
| TB Alternative Assets Ltd. | 199,887 | $23.7M | 5.50% | +26,739+15.4% | Added |
| Headwater Capital Co Ltd | 200,000 | $23.7M | 10.76% | +100,000+100.0% | Added |
| Public Employees Retirement System of Ohio | 210,104 | $24.9M | 0.09% | −11,414−5.2% | Reduced |
| Global X Japan Co., Ltd. | 211,454 | $25.0M | 2.88% | +22,065+11.7% | Added |
| Credit Agricole S A | 228,733 | $27.1M | 0.10% | +13,247+6.1% | Added |
| Bank of Montreal | 232,288 | $27.5M | 0.01% | −55,269−19.2% | Reduced |
| Mirae Asset Global Investments Co., Ltd. | 39,678,479 | $27.7M | 0.11% | +39,263,851+9,469.7% | Added |
| Sylebra Capital LLC | 236,611 | $28.0M | 1.41% | −163,084−40.8% | Reduced |
| Walleye Trading LLC | 237,284 | $28.1M | 0.80% | +53,736+29.3% | Added |
| Penserra Capital Management LLC | 239,671 | $28.4M | 0.51% | −11,495−4.6% | Reduced |
| Todd Asset Management LLC | 251,885 | $29.8M | 0.70% | +35,375+16.3% | Added |
| Wim Investment Management Ltd | 264,468 | $31.3M | 13.06% | 00.0% | Unchanged |
| TT International Asset Management LTD | 265,302 | $31.4M | 4.69% | +265,302 | New |
| USS Investment Management Ltd | 267,153 | $31.6M | 0.24% | 00.0% | Unchanged |
| British Columbia Investment Management Corp | 271,300 | $32.1M | 0.20% | +200+0.1% | Added |
| Taikang Asset Management (Hong Kong) Co Ltd | 271,977 | $32.2M | 4.39% | +111,731+69.7% | Added |
| AnglePoint Asset Management Ltd | 279,874 | $33.1M | 59.61% | +41,282+17.3% | Added |
| E Fund Management (Hong Kong) Co., Ltd. | 281,551 | $33.3M | 29.87% | −123,525−30.5% | Reduced |
| National Bank of Canada | 284,442 | $33.7M | 0.04% | −785,676−73.4% | Reduced |
| Principal Financial Group Inc | 298,988 | $35.4M | 0.02% | −218,089−42.2% | Reduced |
| 3G Capital Partners LP | 300,000 | $35.5M | 10.20% | −125,000−29.4% | Reduced |
| Punch Card Management L.P. | 306,751 | $36.3M | 16.76% | +176,751+136.0% | Added |
| Point72 Asset Management, L.P. | 309,871 | $36.7M | 0.10% | +309,871 | New |
| Handelsbanken Fonder AB | 312,518 | $37.0M | 0.15% | −60,698−16.3% | Reduced |
| California State Teachers Retirement System | 318,313 | $37.7M | 0.05% | −6,041−1.9% | Reduced |
| Public Sector Pension Investment Board | 322,952 | $38.2M | 0.17% | +41,500+14.7% | Added |
| RV Capital GmbH | 335,569 | $39.7M | 8.77% | −9,920−2.9% | Reduced |
| Victory Capital Management Inc | 342,729 | $40.6M | 0.04% | +6,338+1.9% | Added |
| Mackenzie Financial Corp | 344,076 | $40.7M | 0.06% | +99,467+40.7% | Added |
| M&G Plc | 350,939 | $41.4M | 0.20% | −4,031−1.1% | Reduced |
| SEI Investments Co | 354,480 | $42.0M | 0.05% | +81,312+29.8% | Added |
| Harvest Fund Management Co., Ltd | 362,343 | $42.9M | 2.12% | −129,514−26.3% | Reduced |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 371,627 | $44.0M | 0.13% | −9,011−2.4% | Reduced |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 368,301 | $44.1M | 0.12% | −98,861−21.2% | Reduced |
| Jane Street Group, LLC | 373,741 | $44.2M | 0.08% | +359,405+2,507.0% | Added |
| RWC Asset Advisors (US) LLC | 375,857 | $44.5M | 8.10% | +375,857 | New |
| Oversea-Chinese Banking CORP Ltd | 383,680 | $45.4M | 1.33% | +74,395+24.1% | Added |
| Wasatch Advisors Inc | 385,503 | $45.6M | 0.25% | +12,602+3.4% | Added |
| Royal Bank of Canada | 397,501 | $47.0M | 0.01% | +182,565+84.9% | Added |
| DekaBank Deutsche Girozentrale | 408,656 | $47.5M | 0.09% | +646+0.2% | Added |
| Hudson Bay Capital Management LP | 405,140 | $47.9M | 0.30% | +405,140 | New |
| Acadian Asset Management LLC | 405,264 | $48.0M | 0.14% | −77,925−16.1% | Reduced |
| WCM Investment Management, LLC | 411,324 | $49.5M | 0.13% | +398,579+3,127.3% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 418,730 | $49.6M | 0.22% | +165,987+65.7% | Added |
| Coronation Fund Managers Ltd. | 428,116 | $50.7M | 2.75% | −95,847−18.3% | Reduced |
| WT Asset Management Ltd | 439,250 | $52.0M | 6.07% | +439,250 | New |
| Kora Management LP | 453,250 | $53.6M | 7.02% | 00.0% | Unchanged |
| Manufacturers Life Insurance Company, The | 462,542 | $54.7M | 0.05% | −368,338−44.3% | Reduced |
| Capitolis Liquid Global Markets LLC | 476,000 | $56.3M | 0.50% | 00.0% | Unchanged |
| Shengqi Capital (Hong Kong) Ltd | 480,947 | $56.9M | 51.57% | 00.0% | Unchanged |
| Anatole Investment Management Ltd | 491,799 | $58.2M | 16.03% | +491,799 | New |
| BIT Capital GmbH | 495,490 | $58.6M | 7.06% | −189,875−27.7% | Reduced |
| Barings LLC | 511,703 | $60.6M | 1.51% | −226,467−30.7% | Reduced |
| Franchise Capital Ltd | 514,820 | $60.9M | 36.30% | −121,404−19.1% | Reduced |
| Cederberg Capital Ltd | 528,700 | $62.6M | 24.17% | −39,600−7.0% | Reduced |
| APG Asset Management N.V. | 590,128 | $64.7M | 0.20% | −199,400−25.3% | Reduced |
| Korea Investment CORP | 564,487 | $66.8M | 0.16% | +33,700+6.3% | Added |
| Mitsubishi UFJ Trust & Banking Corp | 579,652 | $68.6M | 0.18% | −7,650−1.3% | Reduced |
| Maple Rock Capital Partners Inc. | 582,424 | $68.9M | 5.03% | +128,424+28.3% | Added |
| Polar Capital Holdings Plc | 587,984 | $69.6M | 0.43% | +18,372+3.2% | Added |
| Renaissance Technologies LLC | 589,900 | $69.8M | 0.11% | −357,600−37.7% | Reduced |
| IMC-Chicago, LLC | 598,324 | $70.8M | 2.75% | +366,450+158.0% | Added |
| Franklin Resources Inc | 600,356 | $71.1M | 0.02% | +131,265+28.0% | Added |
| American Century Companies Inc | 603,184 | $71.4M | 0.04% | +59,025+10.8% | Added |
| Allianz Asset Management GmbH | 607,168 | $71.9M | 0.11% | −13,730−2.2% | Reduced |
| Aviva PLC | 609,698 | $72.2M | 0.17% | −6,335−1.0% | Reduced |
| Citadel Advisors LLC | 615,601 | $72.9M | 0.07% | −225,785−26.8% | Reduced |
| Russell Investments Group, Ltd. | 621,829 | $73.8M | 0.10% | −69,691−10.1% | Reduced |