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 |
|---|---|---|---|---|---|
| BIT Capital GmbH | 495,490 | $58.6M | 7.06% | −189,875−27.7% | Reduced |
| Anatole Investment Management Ltd | 491,799 | $58.2M | 16.03% | +491,799 | New |
| Shengqi Capital (Hong Kong) Ltd | 480,947 | $56.9M | 51.57% | 00.0% | Unchanged |
| Capitolis Liquid Global Markets LLC | 476,000 | $56.3M | 0.50% | 00.0% | Unchanged |
| Manufacturers Life Insurance Company, The | 462,542 | $54.7M | 0.05% | −368,338−44.3% | Reduced |
| Kora Management LP | 453,250 | $53.6M | 7.02% | 00.0% | Unchanged |
| WT Asset Management Ltd | 439,250 | $52.0M | 6.07% | +439,250 | New |
| Coronation Fund Managers Ltd. | 428,116 | $50.7M | 2.75% | −95,847−18.3% | Reduced |
| Connor, Clark & Lunn Investment Management Ltd. | 418,730 | $49.6M | 0.22% | +165,987+65.7% | Added |
| WCM Investment Management, LLC | 411,324 | $49.5M | 0.13% | +398,579+3,127.3% | Added |
| Acadian Asset Management LLC | 405,264 | $48.0M | 0.14% | −77,925−16.1% | Reduced |
| Hudson Bay Capital Management LP | 405,140 | $47.9M | 0.30% | +405,140 | New |
| DekaBank Deutsche Girozentrale | 408,656 | $47.5M | 0.09% | +646+0.2% | Added |
| Royal Bank of Canada | 397,501 | $47.0M | 0.01% | +182,565+84.9% | Added |
| Wasatch Advisors Inc | 385,503 | $45.6M | 0.25% | +12,602+3.4% | Added |
| Oversea-Chinese Banking CORP Ltd | 383,680 | $45.4M | 1.33% | +74,395+24.1% | Added |
| RWC Asset Advisors (US) LLC | 375,857 | $44.5M | 8.10% | +375,857 | New |
| Jane Street Group, LLC | 373,741 | $44.2M | 0.08% | +359,405+2,507.0% | Added |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 368,301 | $44.1M | 0.12% | −98,861−21.2% | Reduced |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 371,627 | $44.0M | 0.13% | −9,011−2.4% | Reduced |
| Harvest Fund Management Co., Ltd | 362,343 | $42.9M | 2.12% | −129,514−26.3% | Reduced |
| SEI Investments Co | 354,480 | $42.0M | 0.05% | +81,312+29.8% | Added |
| M&G Plc | 350,939 | $41.4M | 0.20% | −4,031−1.1% | Reduced |
| Mackenzie Financial Corp | 344,076 | $40.7M | 0.06% | +99,467+40.7% | Added |
| Victory Capital Management Inc | 342,729 | $40.6M | 0.04% | +6,338+1.9% | Added |
| RV Capital GmbH | 335,569 | $39.7M | 8.77% | −9,920−2.9% | Reduced |
| Public Sector Pension Investment Board | 322,952 | $38.2M | 0.17% | +41,500+14.7% | Added |
| California State Teachers Retirement System | 318,313 | $37.7M | 0.05% | −6,041−1.9% | Reduced |
| Handelsbanken Fonder AB | 312,518 | $37.0M | 0.15% | −60,698−16.3% | Reduced |
| Point72 Asset Management, L.P. | 309,871 | $36.7M | 0.10% | +309,871 | New |
| Punch Card Management L.P. | 306,751 | $36.3M | 16.76% | +176,751+136.0% | Added |
| 3G Capital Partners LP | 300,000 | $35.5M | 10.20% | −125,000−29.4% | Reduced |
| Principal Financial Group Inc | 298,988 | $35.4M | 0.02% | −218,089−42.2% | Reduced |
| National Bank of Canada | 284,442 | $33.7M | 0.04% | −785,676−73.4% | Reduced |
| E Fund Management (Hong Kong) Co., Ltd. | 281,551 | $33.3M | 29.87% | −123,525−30.5% | Reduced |
| AnglePoint Asset Management Ltd | 279,874 | $33.1M | 59.61% | +41,282+17.3% | Added |
| Taikang Asset Management (Hong Kong) Co Ltd | 271,977 | $32.2M | 4.39% | +111,731+69.7% | Added |
| British Columbia Investment Management Corp | 271,300 | $32.1M | 0.20% | +200+0.1% | Added |
| USS Investment Management Ltd | 267,153 | $31.6M | 0.24% | 00.0% | Unchanged |
| TT International Asset Management LTD | 265,302 | $31.4M | 4.69% | +265,302 | New |
| Wim Investment Management Ltd | 264,468 | $31.3M | 13.06% | 00.0% | Unchanged |
| Todd Asset Management LLC | 251,885 | $29.8M | 0.70% | +35,375+16.3% | Added |
| Penserra Capital Management LLC | 239,671 | $28.4M | 0.51% | −11,495−4.6% | Reduced |
| Walleye Trading LLC | 237,284 | $28.1M | 0.80% | +53,736+29.3% | Added |
| Sylebra Capital LLC | 236,611 | $28.0M | 1.41% | −163,084−40.8% | Reduced |
| Mirae Asset Global Investments Co., Ltd. | 39,678,479 | $27.7M | 0.11% | +39,263,851+9,469.7% | Added |
| Bank of Montreal | 232,288 | $27.5M | 0.01% | −55,269−19.2% | Reduced |
| Credit Agricole S A | 228,733 | $27.1M | 0.10% | +13,247+6.1% | Added |
| Global X Japan Co., Ltd. | 211,454 | $25.0M | 2.88% | +22,065+11.7% | Added |
| Public Employees Retirement System of Ohio | 210,104 | $24.9M | 0.09% | −11,414−5.2% | Reduced |
| Headwater Capital Co Ltd | 200,000 | $23.7M | 10.76% | +100,000+100.0% | Added |
| TB Alternative Assets Ltd. | 199,887 | $23.7M | 5.50% | +26,739+15.4% | Added |
| Whale Rock Capital Management LLC | 199,016 | $23.6M | 0.41% | −1,171,250−85.5% | Reduced |
| Parus Finance (UK) Ltd | 197,984 | $23.4M | 8.00% | −21,730−9.9% | Reduced |
| Carrhae Capital LLP | 196,437 | $23.2M | 2.70% | +136,217+226.2% | Added |
| Alberta Investment Management Corp | 194,656 | $23.0M | 0.16% | +4,596+2.4% | Added |
| Quadrature Capital Ltd | 190,375 | $22.5M | 0.50% | +190,375 | New |
| MY.Alpha Management HK Advisors Ltd | 187,300 | $22.2M | 11.03% | +12,286+7.0% | Added |
| Resona Asset Management Co.,Ltd. | 184,281 | $21.9M | 0.13% | +15,195+9.0% | Added |
| KBC Group NV | 181,981 | $21.5M | 0.07% | −9,277−4.9% | Reduced |
| Police & Firemen's Retirement System of New Jersey | 181,960 | $21.5M | 0.22% | +8,244+4.7% | Added |
| Candriam Luxembourg S.C.A. | 180,800 | $21.4M | 0.13% | +21,800+13.7% | Added |
| AXA S.A. | 180,048 | $21.3M | 0.07% | −85,272−32.1% | Reduced |
| Fullerton Fund Management Co Ltd. | 179,265 | $21.2M | 1.36% | +179,265 | New |
| Capital International Inc | 178,113 | $21.1M | 0.26% | +101,384+132.1% | Added |
| National Pension Service | 173,068 | $20.5M | 0.02% | −8,243−4.5% | Reduced |
| Luxor Capital Group, LP | 172,570 | $20.4M | 2.61% | +111,570+182.9% | Added |
| Teachers Retirement System of the State of Kentucky | 168,590 | $20.0M | 0.18% | +34,600+25.8% | Added |
| Asset Management One Co.,Ltd. | 167,427 | $19.8M | 0.07% | +8,707+5.5% | Added |
| Think Investments LP | 162,000 | $19.2M | 3.74% | +162,000 | New |
| AlpInvest Partners B.V. | 161,189 | $19.1M | 27.98% | −56,861−26.1% | Reduced |
| Panview Capital Ltd | 160,700 | $19.0M | 7.20% | −70,000−30.3% | Reduced |
| KLP Kapitalforvaltning AS | 157,200 | $18.6M | 0.09% | +1,800+1.2% | Added |
| Liontrust Investment Partners LLP | 156,541 | $18.5M | 0.29% | −45,932−22.7% | Reduced |
| Pinebridge Investments, L.P. | 153,333 | $18.1M | 0.15% | +144,706+1,677.4% | Added |
| Polymer Capital Management (HK) LTD | 149,883 | $17.7M | 3.08% | +8,728+6.2% | Added |
| CIBC Asset Management Inc | 142,129 | $16.8M | 0.06% | +14,309+11.2% | Added |
| Orland Properties Ltd | 138,835 | $16.4M | 19.83% | 00.0% | Unchanged |
| Voya Investment Management LLC | 138,695 | $16.4M | 0.02% | +45,251+48.4% | Added |
| Antipodes Partners Ltd | 136,748 | $16.2M | 0.51% | +1,369+1.0% | Added |
| Ossiam | 134,000 | $15.9M | 0.22% | +134,000 | New |
| Lansforsakringar Fondforvaltning AB (publ) | 131,093 | $15.5M | 0.10% | −1,802−1.4% | Reduced |
| Guggenheim Capital LLC | 121,896 | $14.4M | 0.14% | −37,504−23.5% | Reduced |
| Vontobel Holding Ltd. | 119,841 | $14.2M | 0.05% | +17,494+17.1% | Added |
| Neuberger Berman Group LLC | 117,951 | $14.0M | 0.01% | +4,739+4.2% | Added |
| CMT Capital Markets Trading GmbH | 117,126 | $13.9M | 5.73% | +99,226+554.3% | Added |
| Blue Creek Capital Management Ltd | 116,721 | $13.8M | 17.92% | 00.0% | Unchanged |
| TD Asset Management Inc | 113,612 | $13.4M | 0.01% | −8,216−6.7% | Reduced |
| Nomura Asset Management Co Ltd | 112,394 | $13.3M | 0.04% | +5,766+5.4% | Added |
| Wells Fargo & Company | 111,667 | $13.2M | 0.00% | +59,838+115.5% | Added |
| Platinum Investment Management Ltd | 110,255 | $13.0M | 0.76% | −394,210−78.1% | Reduced |
| RWC Asset Management LLP | 108,801 | $12.9M | 0.66% | +108,801 | New |
| Contrarius Group Holdings Ltd | 106,987 | $12.7M | 0.87% | +3,273+3.2% | Added |
| Causeway Capital Management LLC | 105,926 | $12.5M | 0.26% | −340,346−76.3% | Reduced |
| Nomura Holdings Inc | 103,909 | $12.3M | 0.07% | −232,891−69.1% | Reduced |
| Mirae Asset Securities (USA) Inc. | 103,558 | $12.3M | 0.53% | +103,558 | New |
| Point72 Hong Kong Ltd | 101,779 | $12.0M | 0.86% | +101,779 | New |
| Rafferty Asset Management, LLC | 100,272 | $11.9M | 0.05% | −28,876−22.4% | Reduced |
| Toroso Investments, LLC | 98,779 | $11.7M | 0.10% | −5,983−5.7% | Reduced |
| Simplex Trading, LLC | 97,380 | $11.5M | 0.41% | +97,380 | New |