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 |
|---|---|---|---|---|---|
| Matthews International Capital Management LLC | 632,426 | $74.8M | 15.45% | −35,528−5.3% | Reduced |
| Fisher Asset Management, LLC | 636,814 | $75.4M | 0.03% | −45,879−6.7% | Reduced |
| Pinpoint Asset Management Ltd | 610,585 | $76.1M | 13.30% | +137,027+28.9% | Added |
| Man Group plc | 656,850 | $77.7M | 0.23% | +210,666+47.2% | Added |
| Mirae Asset Global ETFs Holdings Ltd. | 657,954 | $77.9M | 0.17% | +36,862+5.9% | Added |
| Cat Rock Capital Management LP | 675,414 | $79.9M | 10.61% | −147,300−17.9% | Reduced |
| Royal London Asset Management Ltd | 690,772 | $81.8M | 0.19% | +59,106+9.4% | Added |
| Mitsubishi UFJ Kokusai Asset Management Co., Ltd. | 708,218 | $83.8M | 0.08% | +64,427+10.0% | Added |
| Lazard Asset Management LLC | 728,956 | $86.3M | 0.13% | +1,832+0.3% | Added |
| Healthcare of Ontario Pension Plan Trust Fund | 784,762 | $92.9M | 0.21% | +97,480+14.2% | Added |
| Ameriprise Financial Inc | 810,983 | $96.0M | 0.03% | −79,910−9.0% | Reduced |
| First Trust Advisors LP | 821,987 | $97.3M | 0.09% | −283,536−25.6% | Reduced |
| IvyRock Asset Management (HK) Ltd | 864,349 | $102.3M | 48.08% | −65,987−7.1% | Reduced |
| AQR Capital Management LLC | 864,498 | $102.3M | 0.11% | −19,584−2.2% | Reduced |
| Artisan Partners Limited Partnership | 875,038 | $103.6M | 0.17% | −166,406−16.0% | Reduced |
| ProShare Advisors LLC | 922,328 | $109.2M | 0.25% | +113,953+14.1% | Added |
| Wellington Management Group LLP | 950,922 | $112.5M | 0.02% | +162,412+20.6% | Added |
| California Public Employees Retirement System | 976,097 | $115.5M | 0.08% | −17,494−1.8% | Reduced |
| GF Fund Management Co. Ltd. | 981,853 | $116.2M | 2.73% | −342,950−25.9% | Reduced |
| Charles Schwab Investment Management Inc | 997,419 | $118.0M | 0.02% | +69,631+7.5% | Added |
| Great West Life Assurance Co | 1,023,850 | $121.3M | 0.21% | +123,550+13.7% | Added |
| Massachusetts Financial Services Co | 1,084,979 | $128.4M | 0.04% | +506,818+87.7% | Added |
| Pictet Asset Management Holding SA | 1,096,565 | $129.8M | 0.14% | −19,759−1.8% | Reduced |
| Temasek Holdings (Private) Ltd | 1,132,985 | $134.1M | 0.54% | +86,183+8.2% | Added |
| Marshall Wace, LLP | 1,136,117 | $134.5M | 0.18% | +306,456+36.9% | Added |
| Keywise Capital Management (HK) Ltd | 1,152,360 | $136.4M | 15.02% | +4,600+0.4% | Added |
| Citigroup Inc | 1,182,923 | $140.0M | 0.11% | −338,217−22.2% | Reduced |
| Susquehanna International Group, LLP | 1,196,212 | $141.6M | 0.23% | +1,058,825+770.7% | Added |
| Squarepoint Ops LLC | 1,196,264 | $141.6M | 0.35% | −137,630−10.3% | Reduced |
| Standard Life Aberdeen plc | 1,250,633 | $148.6M | 0.29% | −146,686−10.5% | Reduced |
| Macquarie Group Ltd | 1,286,336 | $152.2M | 0.19% | −162,623−11.2% | Reduced |
| Trivest Advisors Ltd | 1,332,700 | $157.7M | 13.38% | +872,700+189.7% | Added |
| Prudential PLC | 1,396,248 | $165.2M | 0.83% | +90,439+6.9% | Added |
| Nuveen, LLC | 1,428,261 | $169.0M | 0.05% | +1,428,261 | New |
| Perseverance Asset Management International | 1,513,763 | $179.2M | 23.40% | −132,662−8.1% | Reduced |
| Barclays PLC | 1,560,289 | $184.7M | 0.08% | −313,836−16.7% | Reduced |
| Swiss National Bank | 1,577,244 | $186.7M | 0.13% | +5,000+0.3% | Added |
| Bank of New York Mellon Corp | 1,689,498 | $200.0M | 0.04% | −140,288−7.7% | Reduced |
| Sumitomo Mitsui Trust Holdings, Inc. | 1,701,589 | $201.4M | 0.14% | +39,242+2.4% | Added |
| Public Investment Fund | 1,703,275 | $201.6M | 1.03% | 00.0% | Unchanged |
| Bridgewater Associates, LP | 1,742,717 | $206.3M | 0.96% | +495,819+39.8% | Added |
| Triata Capital Ltd | 1,848,363 | $218.8M | 49.49% | +1,179,424+176.3% | Added |
| Schroder Investment Management Group | 1,923,805 | $227.7M | 0.23% | −117,245−5.7% | Reduced |
| Robeco Institutional Asset Management B.V. | 2,369,381 | $280.4M | 0.54% | +219,865+10.2% | Added |
| Orbis Allan Gray Ltd | 2,397,312 | $283.7M | 1.62% | +2,299,659+2,354.9% | Added |
| Capital Today Evergreen Fund, L.P. | 2,493,586 | $295.1M | 89.82% | 00.0% | Unchanged |
| Bank of America Corp | 2,569,959 | $304.2M | 0.03% | +365,986+16.6% | Added |
| IDG China Venture Capital Fund IV Associates L.P. | 2,630,982 | $311.4M | 77.25% | −279,448−9.6% | Reduced |
| Capital International Investors | 2,747,063 | $325.1M | 0.06% | +202,230+7.9% | Added |
| Dimensional Fund Advisors LP | 2,884,942 | $341.5M | 0.08% | +212,040+7.9% | Added |
| Deutsche Bank AG | 2,964,909 | $350.9M | 0.14% | +742,925+33.4% | Added |
| UBS Group AG | 3,076,050 | $364.1M | 0.08% | −1,948,759−38.8% | Reduced |
| Northern Trust Corp | 3,205,604 | $379.4M | 0.06% | −31,082−1.0% | Reduced |
| E Fund Management Co., Ltd. | 3,474,551 | $411.2M | 19.65% | −802,310−18.8% | Reduced |
| First Beijing Investment Ltd | 3,857,223 | $456.5M | 31.34% | +91,414+2.4% | Added |
| HSBC Holdings PLC | 3,848,423 | $456.6M | 0.30% | −438,985−10.2% | Reduced |
| SRS Investment Management, LLC | 4,064,381 | $481.0M | 6.45% | 00.0% | Unchanged |
| Legal & General Group Plc | 4,255,069 | $503.6M | 0.14% | +52,398+1.2% | Added |
| Appaloosa LPSuperinvestorAppaloosa | 4,370,000 | $517.2M | 9.29% | −986,132−18.4% | Reduced |
| Tiger Global Management LLCSuperinvestorTiger Global Management | 4,415,681 | $522.6M | 1.97% | +1,787,000+68.0% | Added |
| Dragoneer Investment Group, LLC | 4,564,072 | $540.2M | 11.36% | −1,008,022−18.1% | Reduced |
| Greenwoods Asset Management Hong Kong Ltd.SuperinvestorGreenwoods Asset Management | 4,635,519 | $548.6M | 17.00% | 00.0% | Unchanged |
| Assenagon Asset Management S.A. | 4,821,146 | $570.6M | 1.02% | +998,132+26.1% | Added |
| Krane Funds Advisors LLC | 5,036,389 | $596.1M | 17.13% | +2,211,286+78.3% | Added |
| Invesco Ltd. | 5,301,333 | $627.4M | 0.12% | +1,636,673+44.7% | Added |
| BNP Paribas Arbitrage, SA | 5,340,634 | $632.1M | 0.48% | +576,785+12.1% | Added |
| Goldman Sachs Group Inc | 5,921,223 | $700.8M | 0.13% | +79,445+1.4% | Added |
| Geode Capital Management, LLC | 5,985,911 | $704.1M | 0.06% | +191,016+3.3% | Added |
| Morgan Stanley | 6,166,728 | $729.8M | 0.05% | −2,471,940−28.6% | Reduced |
| HHLR Advisors, Ltd.SuperinvestorHHLR Advisors (Hillhouse) | 6,562,576 | $776.7M | 21.94% | +3,832,301+140.4% | Added |
| JPMorgan Chase & Co | 6,569,078 | $777.5M | 0.06% | −1,190,925−15.3% | Reduced |
| Price T Rowe Associates Inc | 6,911,632 | $818.0M | 0.10% | +389,775+6.0% | Added |
| Sanders Capital, LLC | 7,018,165 | $830.6M | 1.24% | +1,863,287+36.1% | Added |
| FIL Ltd | 7,367,241 | $871.9M | 0.83% | −611,381−7.7% | Reduced |
| H&H International Investment, LLCSuperinvestorH&H International Investment | 7,753,900 | $917.7M | 7.64% | +525,200+7.3% | Added |
| Norges Bank | 8,091,042 | $957.6M | 0.13% | −283,490−3.4% | Reduced |
| UBS Asset Management Americas Inc | 8,985,969 | $1.06B | 0.27% | +8,086,620+899.2% | Added |
| SC US (TTGP), Ltd. | 10,592,635 | $1.25B | 11.86% | 00.0% | Unchanged |
| State Street Corp | 11,534,755 | $1.37B | 0.06% | +6,792+0.1% | Added |
| SC China Holding Ltd | 13,595,995 | $1.37B | 80.18% | 00.0% | Unchanged |
| FMR LLC | 27,611,016 | $3.27B | 0.21% | +2,007,833+7.8% | Added |
| Vanguard Group Inc | 29,079,476 | $3.44B | 0.06% | +416,867+1.5% | Added |
| BlackRock, Inc. | 33,400,305 | $3.95B | 0.08% | +500,126+1.5% | Added |
| Baillie Gifford & Co | 40,047,278 | $4.74B | 4.14% | +1,987,935+5.2% | Added |
| Proequities, Inc. | 0 | $0 | 0.00% | −530−100.0% | Sold out |
| Tairen Capital Ltd | 0 | $0 | 0.00% | −712,134−100.0% | Sold out |
| Brilliance Asset Management Ltd | 0 | $0 | 0.00% | −646,212−100.0% | Sold out |
| Janus Henderson Group PLC | 0 | $0 | 0.00% | −455,266−100.0% | Sold out |
| Storebrand Asset Management AS | 0 | $0 | 0.00% | −408,180−100.0% | Sold out |
| D. E. Shaw & Co., Inc. | 0 | $0 | 0.00% | −403,654−100.0% | Sold out |
| Alpine Investment Management Ltd | 0 | $0 | 0.00% | −400,000−100.0% | Sold out |
| Oaktree Capital Management LPSuperinvestorOaktree Capital | 0 | $0 | 0.00% | −277,767−100.0% | Sold out |
| Nordea Investment Management AB | 0 | $0 | 0.00% | −252,195−100.0% | Sold out |
| Synergy Financial Management, LLC | 0 | $0 | 0.00% | −205,740−100.0% | Sold out |
| Investmentaktiengesellschaft Fuer Langfristige Investoren TGV | 0 | $0 | 0.00% | −230,000−100.0% | Sold out |
| Genesis Investment Management, LLP | 0 | $0 | 0.00% | −184,792−100.0% | Sold out |
| Coatue Management LLCSuperinvestorCoatue Management | 0 | $0 | 0.00% | −184,628−100.0% | Sold out |
| PEAK6 LLC | 0 | $0 | 0.00% | −173,251−100.0% | Sold out |
| Trexquant Investment LP | 0 | $0 | 0.00% | −160,033−100.0% | Sold out |
| Leading Securities Co Ltd | 0 | $0 | 0.00% | −139,370−100.0% | Sold out |