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, Q2 2025
Institutional positions in PDD Holdings Inc. as of Jun 30, 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
- 537
- −39 vs. Q1 2025
- Shares held
- 409.8M
- −45.3M (−10.0%) vs. Q1 2025
- Total value
- $42.9B
- −$6.13B (−12.5%) vs. Q1 2025
- New holders
- 74
- 201 more added
- Sold out
- 113
- 201 more reduced
8 institutions that held it in Q1 2025 haven't filed for Q2 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q1 2025: 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 | $43.7B |
| Q4 2025 | 574 | $50.2B |
| Q3 2025 | 559 | $54.7B |
| Q2 2025 | 537 | $43.0B |
| Q1 2025 | 584 | $49.2B |
| Q4 2024 | 587 | $39.6B |
| Q3 2024 | 602 | $56.8B |
| Q2 2024 | 646 | $58.7B |
| Q1 2024 | 577 | $47.7B |
| Q4 2023 | 584 | $58.7B |
| Q3 2023 | 473 | $35.8B |
| Q2 2023 | 452 | $23.2B |
| Q1 2023 | 468 | $26.7B |
| Q4 2022 | 451 | $26.6B |
| Q3 2022 | 411 | $19.3B |
| Q2 2022 | 394 | $17.8B |
| Q1 2022 | 353 | $11.0B |
| Q4 2021 | 362 | $16.0B |
| Q3 2021 | 396 | $24.7B |
| Q2 2021 | 415 | $31.9B |
| Q1 2021 | 442 | $38.8B |
Institutions, Q2 2025
Shares, value and share of portfolio for each institution holding PDD Holdings Inc.; share changes are against Q1 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Baillie Gifford & Co | 34,372,712 | $3.60B | 2.69% | −5,674,566−14.2% | Reduced |
| BlackRock, Inc. | 33,298,741 | $3.49B | 0.07% | −101,564−0.3% | Reduced |
| Vanguard Group Inc | 32,035,725 | $3.35B | 0.05% | +2,956,249+10.2% | Added |
| FMR LLC | 14,933,065 | $1.56B | 0.09% | −12,677,951−45.9% | Reduced |
| SC China Holding Ltd | 13,595,995 | $1.42B | 73.32% | 00.0% | Unchanged |
| State Street Corp | 11,728,573 | $1.23B | 0.05% | +193,818+1.7% | Added |
| SC US (TTGP), Ltd. | 10,592,635 | $1.11B | 7.84% | 00.0% | Unchanged |
| Goldman Sachs Group Inc | 10,131,776 | $1.06B | 0.17% | +4,210,553+71.1% | Added |
| UBS Asset Management Americas Inc | 9,239,441 | $967.0M | 0.20% | +253,472+2.8% | Added |
| Norges Bank | 9,199,172 | $962.8M | 0.12% | +1,108,130+13.7% | Added |
| H&H International Investment, LLCSuperinvestorH&H International Investment | 8,662,694 | $906.6M | 7.86% | +908,794+11.7% | Added |
| Sanders Capital, LLC | 8,526,610 | $892.4M | 1.20% | +1,508,445+21.5% | Added |
| Morgan Stanley | 8,135,809 | $851.5M | 0.06% | +1,969,081+31.9% | Added |
| Assenagon Asset Management S.A. | 7,394,211 | $773.9M | 1.23% | +2,573,065+53.4% | Added |
| HHLR Advisors, Ltd.SuperinvestorHHLR Advisors (Hillhouse) | 6,976,804 | $730.2M | 23.52% | +414,228+6.3% | Added |
| Geode Capital Management, LLC | 6,226,538 | $646.8M | 0.05% | +240,627+4.0% | Added |
| Orbis Allan Gray Ltd | 5,647,728 | $591.1M | 2.87% | +3,250,416+135.6% | Added |
| First Beijing Investment Ltd | 5,577,852 | $583.8M | 32.67% | +1,720,629+44.6% | Added |
| BNP Paribas Arbitrage, SA | 5,464,091 | $571.9M | 0.44% | +123,457+2.3% | Added |
| Price T Rowe Associates Inc | 5,037,525 | $527.2M | 0.06% | −1,874,107−27.1% | Reduced |
| Krane Funds Advisors LLC | 4,891,438 | $511.9M | 20.12% | −144,951−2.9% | Reduced |
| JPMorgan Chase & Co | 4,750,564 | $497.2M | 0.03% | −1,818,514−27.7% | Reduced |
| Himalaya Capital Management LLCSuperinvestorHimalaya Capital | 4,608,000 | $482.3M | 17.93% | +4,608,000 | New |
| Legal & General Group Plc | 4,469,979 | $467.8M | 0.12% | +214,910+5.1% | Added |
| HSBC Holdings PLC | 4,325,013 | $454.3M | 0.29% | +476,590+12.4% | Added |
| SRS Investment Management, LLC | 4,064,381 | $425.4M | 4.41% | 00.0% | Unchanged |
| Invesco Ltd. | 3,962,644 | $414.7M | 0.07% | −1,338,689−25.3% | Reduced |
| UBS Group AG | 3,809,792 | $398.7M | 0.08% | +733,742+23.9% | Added |
| Capital International Investors | 3,625,911 | $379.5M | 0.07% | +878,848+32.0% | Added |
| FIL Ltd | 3,558,408 | $372.4M | 0.32% | −3,808,833−51.7% | Reduced |
| NetEase, Inc. | 3,555,488 | $372.1M | 93.72% | +3,555,488 | New |
| Dragoneer Investment Group, LLC | 3,535,608 | $370.0M | 7.55% | −1,028,464−22.5% | Reduced |
| E Fund Management Co., Ltd. | 3,403,721 | $356.2M | 16.98% | −70,830−2.0% | Reduced |
| Dimensional Fund Advisors LP | 3,307,141 | $346.2M | 0.08% | +422,199+14.6% | Added |
| Greenwoods Asset Management Hong Kong Ltd.SuperinvestorGreenwoods Asset Management | 3,219,839 | $337.0M | 11.73% | −1,415,680−30.5% | Reduced |
| Northern Trust Corp | 3,147,341 | $329.4M | 0.05% | −58,263−1.8% | Reduced |
| Deutsche Bank AG | 2,950,414 | $308.8M | 0.11% | −14,495−0.5% | Reduced |
| Bank of America Corp | 2,841,581 | $297.4M | 0.02% | +271,622+10.6% | Added |
| IDG China Venture Capital Fund IV Associates L.P. | 2,630,982 | $275.4M | 67.48% | 00.0% | Unchanged |
| Capital Today Evergreen Fund, L.P. | 2,493,586 | $261.0M | 91.17% | 00.0% | Unchanged |
| Schroder Investment Management Group | 2,317,953 | $242.6M | 0.21% | +394,148+20.5% | Added |
| Appaloosa LPSuperinvestorAppaloosa | 2,000,000 | $209.3M | 3.25% | −2,370,000−54.2% | Reduced |
| Mitsubishi UFJ Trust & Banking Corp | 1,873,742 | $196.1M | 0.45% | +1,294,090+223.3% | Added |
| Bank of New York Mellon Corp | 1,860,531 | $194.7M | 0.04% | +171,033+10.1% | Added |
| National Bank of Canada | 1,811,137 | $189.6M | 0.20% | +1,526,695+536.7% | Added |
| Jane Street Group, LLC | 1,740,806 | $182.2M | 0.29% | +1,367,065+365.8% | Added |
| Citigroup Inc | 1,681,932 | $176.0M | 0.12% | +499,009+42.2% | Added |
| Barclays PLC | 1,659,381 | $173.7M | 0.07% | +99,092+6.4% | Added |
| Sumitomo Mitsui Trust Holdings, Inc. | 1,645,310 | $172.2M | 0.11% | −56,279−3.3% | Reduced |
| Triata Capital Ltd | 1,634,328 | $171.0M | 33.39% | −214,035−11.6% | Reduced |
| Prudential PLC | 1,618,053 | $169.3M | 1.02% | +221,805+15.9% | Added |
| Swiss National Bank | 1,573,844 | $164.7M | 0.10% | −3,400−0.2% | Reduced |
| Temasek Holdings (Private) Ltd | 1,451,954 | $152.0M | 0.59% | +318,969+28.2% | Added |
| Marshall Wace, LLP | 1,401,541 | $146.7M | 0.17% | +265,424+23.4% | Added |
| Massachusetts Financial Services Co | 1,381,299 | $144.6M | 0.05% | +296,320+27.3% | Added |
| Nuveen, LLC | 1,330,612 | $139.3M | 0.04% | −97,649−6.8% | Reduced |
| Keywise Capital Management (HK) Ltd | 1,325,050 | $138.7M | 12.63% | +172,690+15.0% | Added |
| Perseverance Asset Management International | 1,312,663 | $137.4M | 34.57% | −201,100−13.3% | Reduced |
| Macquarie Group Ltd | 1,284,920 | $134.5M | 0.16% | −1,416−0.1% | Reduced |
| Standard Life Aberdeen plc | 1,278,666 | $133.5M | 0.23% | +28,033+2.2% | Added |
| Robeco Institutional Asset Management B.V. | 1,232,727 | $129.0M | 0.21% | −1,136,654−48.0% | Reduced |
| First Trust Advisors LP | 1,183,163 | $123.8M | 0.10% | +361,176+43.9% | Added |
| Charles Schwab Investment Management Inc | 1,122,775 | $117.5M | 0.02% | +125,356+12.6% | Added |
| Susquehanna International Group, LLP | 1,120,760 | $117.3M | 0.18% | −75,452−6.3% | Reduced |
| Healthcare of Ontario Pension Plan Trust Fund | 1,088,715 | $113.9M | 0.23% | +303,953+38.7% | Added |
| IvyRock Asset Management (HK) Ltd | 1,086,849 | $113.7M | 52.49% | +222,500+25.7% | Added |
| IMC-Chicago, LLC | 1,085,536 | $113.6M | 2.84% | +487,212+81.4% | Added |
| California Public Employees Retirement System | 1,061,440 | $111.1M | 0.07% | +85,343+8.7% | Added |
| Walleye Trading LLC | 1,033,350 | $108.2M | 2.65% | +796,066+335.5% | Added |
| ProShare Advisors LLC | 944,483 | $98.8M | 0.20% | +22,155+2.4% | Added |
| Wellington Management Group LLP | 919,675 | $96.3M | 0.02% | −31,247−3.3% | Reduced |
| GF Fund Management Co. Ltd. | 911,086 | $95.4M | 1.92% | −70,767−7.2% | Reduced |
| Pictet Asset Management Holding SA | 900,240 | $94.2M | 0.10% | −196,325−17.9% | Reduced |
| Alpine Investment Management Ltd | 900,000 | $94.2M | 45.07% | +900,000 | New |
| Great West Life Assurance Co | 873,615 | $91.5M | 0.15% | −150,235−14.7% | Reduced |
| AQR Capital Management LLC | 880,417 | $90.5M | 0.07% | +15,919+1.8% | Added |
| Susquehanna Advisors Group, Inc. | 850,000 | $89.0M | 3.54% | +850,000 | New |
| Evergreen Quality Fund GP, Ltd. | 781,800 | $81.8M | 2.53% | +781,800 | New |
| Maple Rock Capital Partners Inc. | 762,541 | $79.8M | 3.99% | +180,117+30.9% | Added |
| Mitsubishi UFJ Kokusai Asset Management Co., Ltd. | 756,387 | $79.2M | 0.06% | +48,169+6.8% | Added |
| American Century Companies Inc | 754,123 | $78.9M | 0.04% | +150,939+25.0% | Added |
| Green Court Capital Management Ltd | 745,600 | $78.7M | 52.01% | +745,600 | New |
| Renaissance Technologies LLC | 742,000 | $77.7M | 0.10% | +152,100+25.8% | Added |
| Franklin Resources Inc | 670,635 | $70.2M | 0.02% | +70,279+11.7% | Added |
| Russell Investments Group, Ltd. | 665,745 | $69.7M | 0.09% | +43,916+7.1% | Added |
| Royal Bank of Canada | 650,264 | $68.1M | 0.01% | +252,763+63.6% | Added |
| Lazard Asset Management LLC | 650,151 | $68.0M | 0.09% | −78,805−10.8% | Reduced |
| Ameriprise Financial Inc | 634,772 | $66.4M | 0.02% | −176,211−21.7% | Reduced |
| Pinpoint Asset Management (Singapore) Pte. Ltd. | 615,136 | $65.8M | 11.50% | +615,136 | New |
| Aviva PLC | 618,819 | $64.8M | 0.13% | +9,121+1.5% | Added |
| Mirae Asset Global ETFs Holdings Ltd. | 616,109 | $64.5M | 0.12% | −41,845−6.4% | Reduced |
| Polar Capital Holdings Plc | 574,820 | $60.2M | 0.32% | −13,164−2.2% | Reduced |
| Fisher Asset Management, LLC | 564,144 | $59.0M | 0.02% | −72,670−11.4% | Reduced |
| Korea Investment CORP | 555,387 | $58.1M | 0.13% | −9,100−1.6% | Reduced |
| Royal London Asset Management Ltd | 553,972 | $58.0M | 0.13% | −136,800−19.8% | Reduced |
| Cederberg Capital Ltd | 512,000 | $53.6M | 19.68% | −16,700−3.2% | Reduced |
| Carrhae Capital LLP | 503,595 | $52.7M | 5.04% | +307,158+156.4% | Added |
| Allianz Asset Management GmbH | 503,503 | $52.7M | 0.07% | −103,665−17.1% | Reduced |
| Franchise Capital Ltd | 502,050 | $52.5M | 27.40% | −12,770−2.5% | Reduced |
| Matthews International Capital Management LLC | 500,026 | $52.3M | 12.04% | −132,400−20.9% | Reduced |