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 |
|---|---|---|---|---|---|
| Balyasny Asset Management LLC | 96,166 | $11.4M | 0.03% | −79,517−45.3% | Reduced |
| 683 Capital Management, LLC | 95,000 | $11.2M | 1.14% | 00.0% | Unchanged |
| All-Stars Investment Ltd | 94,500 | $11.2M | 3.45% | +54,000+133.3% | Added |
| Nissay Asset Management Corp | 91,752 | $10.9M | 0.07% | +13,883+17.8% | Added |
| Verition Fund Management LLC | 88,940 | $10.5M | 0.06% | +39,006+78.1% | Added |
| Profund Advisors LLC | 87,365 | $10.3M | 0.45% | +7,036+8.8% | Added |
| Rhumbline Advisers | 87,262 | $10.3M | 0.01% | −11,871−12.0% | Reduced |
| Panagora Asset Management Inc | 85,935 | $10.2M | 0.05% | −8,986−9.5% | Reduced |
| Himension Fund | 82,476 | $9.76M | 0.83% | −26,374−24.2% | Reduced |
| iA Global Asset Management Inc. | 82,267 | $9.74M | 0.17% | +1,219+1.5% | Added |
| Ci Investments Inc. | 81,202 | $9.61M | 0.04% | +7,235+9.8% | Added |
| Shelton Capital Management | 76,537 | $9.06M | 0.22% | −3,030−3.8% | Reduced |
| New York State Common Retirement Fund | 76,501 | $9.05M | 0.01% | +14,534+23.5% | Added |
| FACT Capital, LP | 71,601 | $8.47M | 4.02% | −55,737−43.8% | Reduced |
| Varma Mutual Pension Insurance Co | 71,300 | $8.44M | 0.07% | −7,000−8.9% | Reduced |
| Aware Super Pty Ltd as trustee of Aware Super | 71,104 | $8.42M | 0.14% | 00.0% | Unchanged |
| Janney Capital Management LLC | 70,744 | $8.37M | 0.58% | +34,660+96.1% | Added |
| Prudential Financial Inc | 69,906 | $8.27M | 0.01% | −1,500−2.1% | Reduced |
| NEOS Investment Management LLC | 68,763 | $8.14M | 0.15% | +22,005+47.1% | Added |
| J. Safra Sarasin Holding AG | 67,701 | $8.01M | 0.15% | +40,500+148.9% | Added |
| Los Angeles Capital Management LLC | 67,366 | $7.97M | 0.04% | +4,539+7.2% | Added |
| Daiwa Securities Group Inc. | 66,302 | $7.85M | 0.03% | +9,395+16.5% | Added |
| Polen Capital Management LLC | 66,193 | $7.83M | 0.02% | −899−1.3% | Reduced |
| Bamco Inc | 63,654 | $7.53M | 0.02% | +6,275+10.9% | Added |
| Thornburg Investment Management Inc | 62,498 | $7.40M | 0.10% | −376−0.6% | Reduced |
| Ensign Peak Advisors, Inc | 59,900 | $7.09M | 0.01% | −6,500−9.8% | Reduced |
| Amiral Gestion | 59,500 | $7.04M | 3.88% | −27,500−31.6% | Reduced |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 58,571 | $6.93M | 0.01% | −59,900−50.6% | Reduced |
| STRS Ohio | 58,099 | $6.88M | 0.03% | 00.0% | Unchanged |
| AMS Capital Ltda | 54,906 | $6.50M | 2.68% | −2,716−4.7% | Reduced |
| Fairtree Asset Management (Pty) Ltd | 54,833 | $6.49M | 5.22% | −2,190−3.8% | Reduced |
| ABS Direct Equity Fund LLC | 54,600 | $6.46M | 8.64% | −5,500−9.2% | Reduced |
| Virginia Retirement Systems Et Al | 54,300 | $6.43M | 0.05% | +54,300 | New |
| Siren, L.L.C. | 52,901 | $6.26M | 0.35% | 00.0% | Unchanged |
| DnB Asset Management AS | 51,040 | $6.04M | 0.03% | 00.0% | Unchanged |
| Twenty Acre Capital LP | 61,300 | $5.95M | 4.85% | 00.0% | Unchanged |
| Proem Advisors LLC | 50,000 | $5.92M | 3.11% | +50,000 | New |
| Corebridge Financial, Inc. | 49,783 | $5.89M | 0.03% | −1,360−2.7% | Reduced |
| Sumitomo Mitsui DS Asset Management Company, Ltd | 49,403 | $5.85M | 0.06% | −240.0% | Reduced |
| B. Metzler seel. Sohn & Co. AG | 49,132 | $5.81M | 0.06% | −1,154−2.3% | Reduced |
| 14B Captial Management LP | 49,000 | $5.80M | 2.42% | +49,000 | New |
| Louisiana State Employees Retirement System | 48,800 | $5.78M | 0.11% | 00.0% | Unchanged |
| O'Shaughnessy Asset Management, LLC | 48,785 | $5.77M | 0.05% | +5,023+11.5% | Added |
| Seldon Capital LP | 48,226 | $5.71M | 3.59% | 00.0% | Unchanged |
| Van Eck Associates Corp | 48,065 | $5.69M | 0.01% | −2,526−5.0% | Reduced |
| Union Bancaire Privee, UBP SA | 46,976 | $5.43M | 0.11% | +32,474+223.9% | Added |
| Allspring Global Investments Holdings, LLC | 44,212 | $5.40M | 0.01% | −9,052−17.0% | Reduced |
| HAP Trading, LLC | 44,236 | $5.24M | 1.86% | +44,236 | New |
| Marex Group plc | 43,867 | $5.19M | 0.10% | +27,237+163.8% | Added |
| Arrowstreet Capital, Limited Partnership | 43,563 | $5.16M | 0.00% | +43,563 | New |
| Yarbrough Capital, LLC | 42,881 | $5.07M | 0.22% | +22,856+114.1% | Added |
| Comgest Global Investors S.A.S. | 42,688 | $5.05M | 0.09% | 00.0% | Unchanged |
| Virtus Family Office LLC | 42,308 | $5.01M | 6.43% | +190.0% | Added |
| UBS Oconnor LLC | 42,300 | $5.01M | 0.12% | +42,300 | New |
| Rakuten Investment Management, Inc. | 41,065 | $4.95M | 0.02% | +41,065 | New |
| Maxi Investments CY Ltd | 41,485 | $4.91M | 0.98% | 00.0% | Unchanged |
| Nipun Capital, L.P. | 40,800 | $4.83M | 2.83% | +25,100+159.9% | Added |
| Quantinno Capital Management LP | 39,396 | $4.66M | 0.03% | +8,245+26.5% | Added |
| Raymond James Financial Inc | 39,118 | $4.63M | 0.00% | +7,013+21.8% | Added |
| Grafton Street Partners Fund, LP | 39,100 | $4.63M | 3.56% | +39,100 | New |
| Gulf International Bank (UK) Ltd | 38,916 | $4.61M | 0.16% | −13,267−25.4% | Reduced |
| Myriad Asset Management US LP | 37,990 | $4.50M | 1.89% | +37,990 | New |
| HRT Financial LP | 36,875 | $4.36M | 0.03% | +24,434+196.4% | Added |
| Creative Planning | 36,806 | $4.36M | 0.00% | +11,889+47.7% | Added |
| SIH Partners, LLLP | 36,713 | $4.34M | 0.38% | +32,400+751.2% | Added |
| Millennium Management LLC | 36,318 | $4.30M | 0.00% | −61,558−62.9% | Reduced |
| Alden Global Capital LLC | 35,437 | $4.19M | 4.48% | −108,938−75.5% | Reduced |
| Carnegie Mellon University | 35,322 | $4.18M | 3.24% | 00.0% | Unchanged |
| Zweig-DiMenna Associates LLC | 34,500 | $4.08M | 0.65% | +34,500 | New |
| Yousif Capital Management, LLC | 34,142 | $4.04M | 0.05% | +3,019+9.7% | Added |
| Natixis | 33,748 | $4.01M | 0.02% | +3,412+11.2% | Added |
| Shell Asset Management Co | 33,720 | $3.99M | 0.19% | +241+0.7% | Added |
| Pacer Advisors, Inc. | 32,476 | $3.84M | 0.01% | −811−2.4% | Reduced |
| Two Sigma Advisers, LP | 32,100 | $3.80M | 0.01% | −29,700−48.1% | Reduced |
| XTX Topco Ltd | 31,420 | $3.72M | 0.19% | +31,420 | New |
| Toronto Dominion Bank | 30,737 | $3.64M | 0.01% | +10,801+54.2% | Added |
| LMR Partners LLP | 30,410 | $3.60M | 0.07% | −131,796−81.3% | Reduced |
| Jupiter Asset Management Ltd | 29,209 | $3.46M | 0.03% | +16,892+137.1% | Added |
| LPL Financial LLC | 28,501 | $3.37M | 0.00% | −3,690−11.5% | Reduced |
| Garda Capital Partners LP | 27,851 | $3.30M | 1.85% | −71,118−71.9% | Reduced |
| IFM Investors Pty Ltd | 27,776 | $3.29M | 0.04% | +1,740+6.7% | Added |
| Saba Capital Management, L.P. | 27,500 | $3.25M | 0.09% | +2,500+10.0% | Added |
| Venture Visionary Partners LLC | 27,409 | $3.24M | 0.14% | +27,409 | New |
| Walleye Capital LLC | 27,350 | $3.24M | 0.04% | −15,679−36.4% | Reduced |
| M&T Bank Corp | 27,180 | $3.22M | 0.01% | +9,610+54.7% | Added |
| Mawer Investment Management Ltd. | 27,000 | $3.20M | 0.02% | +27,000 | New |
| Allianz SE | 26,264 | $3.11M | 0.08% | +22,252+554.6% | Added |
| Edmond de Rothschild Holding S.A. | 26,216 | $3.10M | 0.05% | +9,206+54.1% | Added |
| Federation des caisses Desjardins du Quebec | 26,091 | $3.09M | 0.02% | −4,975−16.0% | Reduced |
| Parametrica Management Ltd | 26,100 | $3.09M | 5.20% | +26,100 | New |
| Freemont Capital Pte Ltd | 26,000 | $3.08M | 0.06% | 00.0% | Unchanged |
| AustralianSuper Pty Ltd | 24,681 | $2.92M | 0.02% | +1,892+8.3% | Added |
| Alps Advisors Inc | 24,463 | $2.90M | 0.02% | −4,096−14.3% | Reduced |
| Schonfeld Strategic Advisors LLC | 23,834 | $2.82M | 0.02% | +23,834 | New |
| CoreView Capital Management Ltd | 23,355 | $2.76M | 0.27% | +23,355 | New |
| Maytus Capital Management, LLC | 23,334 | $2.76M | 0.85% | +23,334 | New |
| Leonteq Securities AG | 23,054 | $2.74M | 0.21% | −27,591−54.5% | Reduced |
| RedJay Asset Management Inc. | 23,000 | $2.72M | 1.47% | +23,000 | New |
| State of New Jersey Common Pension Fund D | 22,785 | $2.70M | 0.01% | 00.0% | Unchanged |
| Crossmark Global Holdings, Inc. | 22,510 | $2.66M | 0.05% | −3,305−12.8% | Reduced |