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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.

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
−$6.06B (−12.4%) 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.

Institutional holdersQ2 2025: 537 institutions
Q1 2021: 442 institutionsQ2 2021: 415 institutionsQ3 2021: 396 institutionsQ4 2021: 362 institutionsQ1 2022: 353 institutionsQ2 2022: 394 institutionsQ3 2022: 411 institutionsQ4 2022: 451 institutionsQ1 2023: 468 institutionsQ2 2023: 452 institutionsQ3 2023: 473 institutionsQ4 2023: 584 institutionsQ1 2024: 577 institutionsQ2 2024: 646 institutionsQ3 2024: 602 institutionsQ4 2024: 587 institutionsQ1 2025: 584 institutionsQ2 2025: 537 institutionsQ3 2025: 560 institutionsQ4 2025: 574 institutionsQ1 2026: 568 institutionsQ2 2026: 508 institutions
Value heldQ2 2025: $42.9B
Q1 2021: $31.9BQ2 2021: $31.8BQ3 2021: $24.7BQ4 2021: $15.7BQ1 2022: $11.0BQ2 2022: $17.7BQ3 2022: $19.2BQ4 2022: $26.5BQ1 2023: $25.9BQ2 2023: $23.2BQ3 2023: $35.8BQ4 2023: $55.8BQ1 2024: $44.2BQ2 2024: $57.6BQ3 2024: $55.8BQ4 2024: $39.5BQ1 2025: $49.1BQ2 2025: $42.9BQ3 2025: $53.9BQ4 2025: $49.6BQ1 2026: $43.4BQ2 2026: $32.9B
Institutions holding PDD and their total value by quarter
QuarterHoldersValue
Q2 2026508$32.9B
Q1 2026568$43.4B
Q4 2025574$49.6B
Q3 2025560$53.9B
Q2 2025537$42.9B
Q1 2025584$49.1B
Q4 2024587$39.5B
Q3 2024602$55.8B
Q2 2024646$57.6B
Q1 2024577$44.2B
Q4 2023584$55.8B
Q3 2023473$35.8B
Q2 2023452$23.2B
Q1 2023468$25.9B
Q4 2022451$26.5B
Q3 2022411$19.2B
Q2 2022394$17.7B
Q1 2022353$11.0B
Q4 2021362$15.7B
Q3 2021396$24.7B
Q2 2021415$31.8B
Q1 2021442$31.9B

Institutions, Q2 2025

Shares, value and share of portfolio for each institution holding PDD Holdings Inc.; share changes are against Q1 2025.

Institutions holding PDD in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Close Asset Management Ltd270$00.00%00.0%Unchanged
GPS Wealth Strategies Group, LLC1$1050.00%+1New
Clark Wealth Partners1$1050.00%+1New
Aventura Private Wealth, LLC2$2090.00%+2New
Logan Capital Management Inc3$3140.00%00.0%Unchanged
TD Private Client Wealth LLC3$3140.00%00.0%Unchanged
Anfield Capital Management, LLC4$4190.00%00.0%Unchanged
Frazier Financial Advisors, LLC4$4190.00%+4New
High Note Wealth, LLC5$5230.00%+3+150.0%Added
Asset Dedication, LLC5$5240.00%00.0%Unchanged
Abound Wealth Management6$6280.00%00.0%Unchanged
Harbour Investments, Inc.6$6280.00%00.0%Unchanged
Sound Income Strategies, LLC6$6280.00%00.0%Unchanged
Golden State Wealth Management, LLC6$6280.00%00.0%Unchanged
AdvisorNet Financial, Inc8$8370.00%−4−33.3%Reduced
SWAN Capital LLC8$8370.00%00.0%Unchanged
Proathlete Wealth Management LLC8$8370.00%+8New
Smartleaf Asset Management LLC8$8410.00%−19−70.4%Reduced
Beaird Harris Wealth Management, LLC9$9420.00%+4+80.0%Added
Hazlett, Burt & Watson, Inc.10$1.00K0.00%+10New
Raffa Wealth Management, LLC12$1.26K0.00%00.0%Unchanged
Total Investment Management Inc13$1.36K0.00%+13New
Mount Yale Investment Advisors, LLC13$1.36K0.00%+13New
Brown Brothers Harriman & Co16$1.68K0.00%+16New
Archer Investment Corp17$1.78K0.00%00.0%Unchanged
Avion Wealth25$2.00K0.00%00.0%Unchanged
Riggs Asset Managment Co. Inc.20$2.09K0.00%+20New
Spire Wealth Management21$2.20K0.00%−125−85.6%Reduced
Clean Yield Group26$2.72K0.00%00.0%Unchanged
Geneos Wealth Management Inc.27$2.83K0.00%−5−15.6%Reduced
Bare Financial Services, Inc30$3.14K0.00%+22+275.0%Added
Highline Wealth Partners LLC31$3.24K0.00%−18−36.7%Reduced
Parkside Financial Bank & Trust35$3.66K0.00%+6+20.7%Added
Twin Peaks Wealth Advisors, LLC32$3.73K0.00%+32New
GAMMA Investing LLC40$4.19K0.00%−25−38.5%Reduced
TD Waterhouse Canada Inc.41$4.33K0.00%00.0%Unchanged
Larson Financial Group LLC49$5.13K0.00%+15+44.1%Added
UMA Financial Services, Inc.52$5.44K0.00%+9+20.9%Added
Bellwether Advisors, LLC56$5.86K0.00%00.0%Unchanged
Principal Securities, Inc.69$7.22K0.00%−472−87.2%Reduced
Binnacle Investments Inc71$7.43K0.00%00.0%Unchanged
WealthCollab, LLC73$7.64K0.00%00.0%Unchanged
Murphy & Mullick Capital Management Corp74$8.39K0.01%00.0%Unchanged
Financial Perspectives, Inc81$8.48K0.00%+17+26.6%Added
Bryn Mawr Trust Co82$8.58K0.00%−33−28.7%Reduced
Key Financial Inc82$8.58K0.00%00.0%Unchanged
Private Trust Co NA83$8.69K0.00%+71+591.7%Added
Capital Analysts, LLC85$9.00K0.00%−14−14.1%Reduced
Bell Investment Advisors, Inc90$9.42K0.00%−7−7.2%Reduced
Ramirez Asset Management, Inc.90$9.45K0.00%−172−65.6%Reduced
Assetmark, Inc97$10.2K0.00%+91+1,516.7%Added
Compagnie Lombard Odier SCmA100$10.5K0.00%+100New
Bessemer Group Inc106$11.0K0.00%−102−49.0%Reduced
JFS Wealth Advisors, LLC109$11.4K0.00%−65−37.4%Reduced
Creative Financial Designs Inc112$11.7K0.00%+107+2,140.0%Added
Garde Capital, Inc.130$13.6K0.00%00.0%Unchanged
Global Retirement Partners, LLC140$14.7K0.00%+140New
Sierra Ocean, LLC141$14.8K0.01%+10+7.6%Added
NewSquare Capital LLC148$15.5K0.00%+67+82.7%Added
Allworth Financial LP183$19.1K0.00%+2+1.1%Added
Umb Bank N A198$20.7K0.00%+5+2.6%Added
Atlantic Union Bankshares Corp200$20.9K0.00%+200New
SRS Capital Advisors, Inc.136$25.5K0.00%−93−40.6%Reduced
Future Financial Wealth Managment LLC250$26.2K0.02%00.0%Unchanged
Westside Investment Management, Inc.249$26.2K0.00%+199+398.0%Added
Ameritas Advisory Services, LLC264$27.6K0.00%+264New
Robinswood Financial LLC300$31.4K0.01%+300New
IFP Advisors, Inc328$34.3K0.00%−80−19.6%Reduced
Nisa Investment Advisors, LLC400$41.9K0.00%+50+14.3%Added
Huntington National Bank418$43.7K0.00%+110+35.7%Added
Ridgewood Investments LLC449$47.0K0.02%−200−30.8%Reduced
Catalyst Capital Advisors LLC487$51.0K0.00%−21−4.1%Reduced
EMC Capital Management500$52.0K0.03%+500New
Accent Capital Management, LLC650$68.0K0.03%00.0%Unchanged
Bank Julius Baer & Co. Ltd, Zurich672$70.4K0.00%+672New
Goldstream Capital Management Ltd758$79.3K0.03%−107−12.4%Reduced
Activest Wealth Management837$87.6K0.02%+487+139.1%Added
Wolverine Asset Management LLC846$88.5K0.00%+846New
Generali Investments CEE, investicni spolecnost, a.s.900$94.2K0.01%−13,100−93.6%Reduced
CWM, LLC931$97.0K0.00%−41−4.2%Reduced
Steward Partners Investment Advisory, LLC938$98.2K0.00%−96−9.3%Reduced
Oddo BHF Asset Management SAS1,000$104.7K0.00%−2,547−71.8%Reduced
Stephens Consulting, LLC1,000$104.7K0.02%00.0%Unchanged
Leading Securities Co Ltd1,000$104.7K1.49%+1,000New
MAI Capital Management1,010$105.7K0.00%+961+1,961.2%Added
CIBC Private Wealth Group, LLC1,336$139.8K0.00%−11−0.8%Reduced
Jones Financial Companies LLLP1,359$142.9K0.00%+63+4.9%Added
BNP Paribas1,500$157.0K0.01%+1,500New
EverSource Wealth Advisors, LLC1,662$173.9K0.01%+637+62.1%Added
Generali Asset Management SPA SGR1,700$177.9K0.00%00.0%Unchanged
Migdal Insurance & Financial Holdings Ltd.1,850$195.0K0.00%00.0%Unchanged
Plato Investment Management Ltd1,940$202.3K0.02%00.0%Unchanged
Gunderson Capital Management Inc.1,944$203.5K0.09%+101+5.5%Added
Greenleaf Trust2,023$211.7K0.00%+23+1.2%Added
Allegheny Financial Group LTD2,031$212.6K0.05%+2,031New
Resources Investment Advisors, LLC.2,043$213.8K0.00%+318+18.4%Added
First Affirmative Financial Network2,131$223.0K0.11%+288+15.6%Added
Alhambra Investment Partners LLC2,200$230.3K0.11%00.0%Unchanged
Legacy Capital Group California, Inc.2,230$233.4K0.06%+189+9.3%Added
Accuvest Global Advisors2,243$235.0K0.15%−1,315−37.0%Reduced