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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.

Q2 2025 vs. Q1 2025

How the institutions holding PDD Holdings Inc. changed between Q1 2025 and Q2 2025.

All holders in Q2 2025All holders in Q1 2025

13F holders of PDD: Q1 2025 compared with Q2 2025
MeasureQ1 2025Of which not filed for Q2 2025Q2 2025Change
Holders5848537−39
Shares456.1M913.6K409.8M−45.3M (−10.0%)
Value$49.1B$112.0M$42.9B−$6.06B (−12.4%)

8 institutions that held it in Q1 2025 haven't filed for Q2 2025 yet. Not filing isn't selling, so the changes leave them out.

New holders (74)

Institutions that held PDD Holdings Inc. at the end of Q2 2025 but not at the end of Q1 2025.

Institutions new to PDD in Q2 2025
InstitutionSharesValue% of portfolio
Himalaya Capital Management LLCSuperinvestorHimalaya Capital4,608,000$482.3M17.93%
NetEase, Inc.3,555,488$372.1M93.72%
Alpine Investment Management Ltd900,000$94.2M45.07%
Susquehanna Advisors Group, Inc.850,000$89.0M3.54%
Evergreen Quality Fund GP, Ltd.781,800$81.8M2.53%
Green Court Capital Management Ltd745,600$78.7M52.01%
Pinpoint Asset Management (Singapore) Pte. Ltd.615,136$65.8M11.50%
Yong Rong (HK) Asset Management Ltd497,900$52.1M12.57%
PEAK6 LLC336,610$35.2M1.20%
Monolith Management Ltd193,008$20.2M7.14%
Nan Fung Trinity (HK) Ltd108,100$11.3M1.35%
Yunqi Capital Ltd105,000$11.0M7.84%
Tairen Capital Ltd97,800$10.2M1.05%
Wolverine Trading, LLC87,089$9.16M0.23%
Clough Capital Partners L P78,070$8.17M0.82%
Y-Intercept (Hong Kong) Ltd66,087$6.92M0.17%
Hel Ved Capital Management Ltd56,537$5.92M2.66%
CIBC World Markets Corp47,573$4.98M0.03%
AI-Squared Management Ltd36,900$3.86M17.42%
Ssa Swiss Advisors AG27,445$3.25M1.57%
GAM Holding AG29,196$3.06M0.21%
Group One Trading, L.P.23,527$2.46M0.08%
Avenir Tech Ltd22,000$2.30M0.20%
Kames Capital plc21,300$2.23M0.03%
Sig Brokerage, LP16,675$1.75M0.48%
ING Groep NV14,608$1.53M0.01%
Morningstar Investment Management LLC14,071$1.47M0.13%
Comprehensive Financial Management LLC13,125$1.37M0.04%
Horizon Investments, LLC11,985$1.25M0.02%
Vise Technologies, Inc.11,984$1.25M0.05%
Polymer Capital Management (US) LLC11,800$1.23M0.20%
Bank of Nova Scotia10,638$1.11M0.00%
Wetherby Asset Management Inc10,600$1.11M0.05%
Anson Funds Management LP10,000$1.05M0.19%
Dark Forest Capital Management LP8,305$869.2K0.03%
Two Sigma Securities, LLC7,684$804.2K0.10%
Flow Traders U.S. LLC6,988$731.0K0.03%
Turn8 Private Wealth Inc.24,421$658.1K0.48%
Mangrove Partners6,064$634.7K0.07%
StepStone Group LP7,032$625.8K1.24%
Edgestream Partners, L.P.4,966$519.7K0.01%
Keel Point, LLC4,265$446.4K0.03%
Equitable Holdings, Inc.3,725$389.9K0.00%
Axq Capital, LP3,412$357.1K0.12%
Bayforest Capital Ltd3,179$332.7K0.15%
Principal Street Partners, LLC2,648$277.1K0.03%
Groupe la Francaise2,200$270.0K0.00%
Savant Capital, LLC2,494$261.0K0.00%
Frank, Rimerman Advisors LLC2,411$252.3K0.02%
Net Worth Advisory Group2,354$246.3K0.05%
Hamilton Capital, LLC2,313$242.1K0.01%
Sowell Financial Services LLC2,260$236.5K0.01%
Allegheny Financial Group LTD2,031$212.6K0.05%
BNP Paribas1,500$157.0K0.01%
Leading Securities Co Ltd1,000$104.7K1.49%
Wolverine Asset Management LLC846$88.5K0.00%
Bank Julius Baer & Co. Ltd, Zurich672$70.4K0.00%
EMC Capital Management500$52.0K0.03%
Robinswood Financial LLC300$31.4K0.01%
Ameritas Advisory Services, LLC264$27.6K0.00%
Atlantic Union Bankshares Corp200$20.9K0.00%
Global Retirement Partners, LLC140$14.7K0.00%
Compagnie Lombard Odier SCmA100$10.5K0.00%
Twin Peaks Wealth Advisors, LLC32$3.73K0.00%
Riggs Asset Managment Co. Inc.20$2.09K0.00%
Brown Brothers Harriman & Co16$1.68K0.00%
Total Investment Management Inc13$1.36K0.00%
Mount Yale Investment Advisors, LLC13$1.36K0.00%
Hazlett, Burt & Watson, Inc.10$1.00K0.00%
Proathlete Wealth Management LLC8$8370.00%
Frazier Financial Advisors, LLC4$4190.00%
Aventura Private Wealth, LLC2$2090.00%
GPS Wealth Strategies Group, LLC1$1050.00%
Clark Wealth Partners1$1050.00%

Sold out (113)

Institutions that held PDD Holdings Inc. at the end of Q1 2025 and filed for Q2 2025 without it.

Showing the largest 100 of 113 by value.

Institutions that sold out of PDD in Q2 2025
InstitutionShares, Q1 2025Value, Q1 2025
Tiger Global Management LLCSuperinvestorTiger Global Management4,415,681$522.6M
Bridgewater Associates, LP1,742,717$206.3M
Artisan Partners Limited Partnership875,038$103.6M
Anatole Investment Management Ltd491,799$58.2M
Shengqi Capital (Hong Kong) Ltd480,947$56.9M
Coronation Fund Managers Ltd.428,116$50.7M
Wasatch Advisors Inc385,503$45.6M
RWC Asset Advisors (US) LLC375,857$44.5M
TT International Asset Management LTD265,302$31.4M
Whale Rock Capital Management LLC199,016$23.6M
Quadrature Capital Ltd190,375$22.5M
MY.Alpha Management HK Advisors Ltd187,300$22.2M
Fullerton Fund Management Co Ltd.179,265$21.2M
AlpInvest Partners B.V.161,189$19.1M
RWC Asset Management LLP108,801$12.9M
Causeway Capital Management LLC105,926$12.5M
Mirae Asset Securities (USA) Inc.103,558$12.3M
Simplex Trading, LLC97,380$11.5M
683 Capital Management, LLC95,000$11.2M
FACT Capital, LP71,601$8.47M
Thornburg Investment Management Inc62,498$7.40M
Proem Advisors LLC50,000$5.92M
Corebridge Financial, Inc.49,783$5.89M
14B Captial Management LP49,000$5.80M
Arrowstreet Capital, Limited Partnership43,563$5.16M
HRT Financial LP36,875$4.36M
Alden Global Capital LLC35,437$4.19M
Carnegie Mellon University35,322$4.18M
Zweig-DiMenna Associates LLC34,500$4.08M
Two Sigma Advisers, LP32,100$3.80M
XTX Topco Ltd31,420$3.72M
Jupiter Asset Management Ltd29,209$3.46M
Saba Capital Management, L.P.27,500$3.25M
Venture Visionary Partners LLC27,409$3.24M
CoreView Capital Management Ltd23,355$2.76M
RedJay Asset Management Inc.23,000$2.72M
Oasis Management Co Ltd.21,900$2.59M
Tudor Investment Corp Et Al18,799$2.22M
Ariose Capital Management Ltd16,000$1.89M
Engineers Gate Manager LP14,371$1.70M
Wealth Enhancement Advisory Services, LLC13,782$1.63M
Naviter Wealth, LLC13,157$1.58M
Lord, Abbett & Co. LLC13,030$1.54M
Wexford Capital LP12,977$1.54M
Capula Management Ltd12,841$1.52M
Banque Pictet & Cie SA11,900$1.41M
VestGen Advisors, LLC11,016$1.30M
Abn Amro Investment Solutions10,370$1.23M
RBF Capital, LLC10,000$1.18M
PKO Investment Management Joint-Stock Co10,000$1.18M
Indus Capital Partners, LLC9,700$1.15M
Point72 (DIFC) Ltd9,303$1.10M
NFJ Investment Group, LLC9,256$1.10M
Agf Management Ltd9,179$1.09M
Ping Capital Management, Inc.9,000$1.07M
Symmetry Investments LP8,000$946.8K
Itau Unibanco Holding S.A.7,833$927.0K
Landscape Capital Management, L.L.C.7,436$880.0K
Dohj, LLC7,014$830.1K
Campbell & CO Investment Adviser LLC6,445$762.8K
Quinn Opportunity Partners LLC6,000$710.1K
CWM Advisors, LLC5,940$703.0K
Dymon Asia Capital (Singapore) Pte. Ltd.5,900$698.3K
Capital Markets Trading UK LLP5,610$664.0K
Eos Management, L.P.5,507$651.8K
Henshaw Capital LLC5,460$646.2K
Stifel Financial Corp4,830$571.6K
Raiffeisen Bank International AG4,700$566.1K
State of Wyoming4,780$565.7K
TownSquare Capital, LLC4,769$564.5K
Banco BTG Pactual S.A.4,541$537.4K
Everstar Asset Management, LLC4,314$510.6K
GTS Securities LLC3,741$442.7K
Jain Global LLC3,654$432.5K
MML Investors Services, LLC3,427$406.0K
Leuthold Group, LLC3,424$405.2K
ExodusPoint Capital Management, LP3,273$387.0K
Scientech Research LLC3,264$386.3K
Eschler Asset Management LLP3,200$378.7K
Resolute Partners Group3,020$357.4K
Bridgefront Capital, LLC2,514$297.5K
Central Asset Investments & Management Holdings (HK) Ltd2,500$295.9K
Prospect Financial Services LLC2,439$288.7K
Tuttle Tactical Management2,427$287.2K
CTC LLC2,281$270.0K
Advisors Preferred, LLC2,169$265.0K
Ground Swell Capital, LLC2,191$259.3K
Pekin Hardy Strauss, Inc.2,185$258.6K
Cambridge Investment Research Advisors, Inc.2,096$248.0K
Optiver Holding B.V.2,042$241.7K
Ausdal Financial Partners, Inc.2,026$239.8K
Congress Wealth Management LLC2,005$237.3K
Cresset Asset Management, LLC1,895$224.3K
Prime Capital Investment Advisors, LLC1,864$220.6K
Sanibel Captiva Trust Company, Inc.1,844$218.2K
Arrowpoint Investment Partners (Singapore) Pte. Ltd.1,199$141.9K
Gordian Capital Singapore Pte Ltd1,030$124.1K
Point72 Asia (Singapore) Pte. Ltd.961$113.8K
Coldstream Capital Management Inc802$94.9K
Peoples Bank500$59.2K

Not filed for Q2 2025 yet (8)

Institutions that held PDD Holdings Inc. at the end of Q1 2025 and haven't filed a 13F for Q2 2025. Not filing isn't selling, so they aren't counted as sold out.

Institutions holding PDD in Q1 2025 that haven't filed for Q2 2025
InstitutionShares, Q1 2025Value, Q1 2025
Pinpoint Asset Management Ltd610,585$76.1M
Credit Agricole S A228,733$27.1M
Rakuten Investment Management, Inc.41,065$4.95M
Caas Capital Management LP14,035$1.66M
Orion Portfolio Solutions, LLC12,169$1.44M
CAPROCK Group, Inc.4,877$577.2K
Lindbrook Capital, LLC1,930$228.4K
Sandy Spring Bank200$23.7K