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.
| 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, 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 |
|---|---|---|---|---|---|
| Anson Funds Management LP | 10,000 | $1.05M | 0.19% | +10,000 | New |
| Penserra Capital Management LLC | 10,077 | $1.05M | 0.01% | −229,594−95.8% | Reduced |
| Danske Bank A/S | 10,112 | $1.06M | 0.00% | −4,900−32.6% | Reduced |
| GWM Advisors LLC | 10,501 | $1.10M | 0.01% | −7,172−40.6% | Reduced |
| Wetherby Asset Management Inc | 10,600 | $1.11M | 0.05% | +10,600 | New |
| Bank of Nova Scotia | 10,638 | $1.11M | 0.00% | +10,638 | New |
| Sicart Associates LLC | 10,700 | $1.12M | 0.39% | 00.0% | Unchanged |
| Vident Advisory, LLC | 10,808 | $1.13M | 0.01% | +699+6.9% | Added |
| Brinker Capital Investments, LLC | 10,857 | $1.14M | 0.01% | −1,312−10.8% | Reduced |
| Ritholtz Wealth Management | 11,329 | $1.19M | 0.03% | −2,012−15.1% | Reduced |
| State of Wisconsin Investment Board | 11,396 | $1.19M | 0.00% | +353+3.2% | Added |
| Northwest & Ethical Investments L.P. | 11,576 | $1.21M | 0.03% | 00.0% | Unchanged |
| Farther Finance Advisors, LLC | 11,653 | $1.22M | 0.02% | +8,408+259.1% | Added |
| Colony Group, LLC | 11,678 | $1.22M | 0.00% | +1,739+17.5% | Added |
| Advisor Group Holdings, Inc. | 11,707 | $1.23M | 0.00% | −1,091−8.5% | Reduced |
| Polymer Capital Management (US) LLC | 11,800 | $1.23M | 0.20% | +11,800 | New |
| Wahed Invest LLC | 11,871 | $1.24M | 0.19% | −281−2.3% | Reduced |
| Vise Technologies, Inc. | 11,984 | $1.25M | 0.05% | +11,984 | New |
| Horizon Investments, LLC | 11,985 | $1.25M | 0.02% | +11,985 | New |
| Walleye Capital LLC | 12,196 | $1.28M | 0.01% | −15,154−55.4% | Reduced |
| Cigna Investments Inc | 12,241 | $1.28M | 0.22% | −841−6.4% | Reduced |
| Global Endowment Management, LP | 12,337 | $1.29M | 0.17% | +8,302+205.7% | Added |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 12,449 | $1.30M | 0.00% | −46,122−78.7% | Reduced |
| Allspring Global Investments Holdings, LLC | 12,461 | $1.31M | 0.00% | −31,751−71.8% | Reduced |
| Comprehensive Financial Management LLC | 13,125 | $1.37M | 0.04% | +13,125 | New |
| Integrated Quantitative Investments LLC | 13,280 | $1.39M | 0.41% | 00.0% | Unchanged |
| HAP Trading, LLC | 13,332 | $1.40M | 0.61% | −30,904−69.9% | Reduced |
| Howard Capital Management Inc. | 13,797 | $1.44M | 0.02% | +1,251+10.0% | Added |
| Northwestern Mutual Wealth Management Co | 13,947 | $1.46M | 0.00% | −78−0.6% | Reduced |
| Morningstar Investment Management LLC | 14,071 | $1.47M | 0.13% | +14,071 | New |
| QRG Capital Management, Inc. | 14,119 | $1.48M | 0.01% | −650−4.4% | Reduced |
| HighTower Advisors, LLC | 14,589 | $1.53M | 0.00% | −2,806−16.1% | Reduced |
| ING Groep NV | 14,608 | $1.53M | 0.01% | +14,608 | New |
| Solstein Capital, LLC | 14,699 | $1.54M | 0.79% | 00.0% | Unchanged |
| BI Asset Management Fondsmaeglerselskab A/S | 14,761 | $1.54M | 0.02% | −1,984−11.8% | Reduced |
| Kamunting Street Capital Management, L.P. | 15,000 | $1.57M | 1.28% | 00.0% | Unchanged |
| Banco Santander, S.A. | 15,082 | $1.58M | 0.01% | +6,820+82.5% | Added |
| NewEdge Wealth, LLC | 13,854 | $1.58M | 0.02% | −5,537−28.6% | Reduced |
| China Universal Asset Management Co., Ltd. | 15,165 | $1.59M | 0.15% | −1,687−10.0% | Reduced |
| Allianz SE | 15,274 | $1.60M | 0.04% | −10,990−41.8% | Reduced |
| JustInvest LLC | 15,533 | $1.63M | 0.02% | +2,546+19.6% | Added |
| State of New Jersey Common Pension Fund D | 15,813 | $1.65M | 0.01% | −6,972−30.6% | Reduced |
| Henry James International Management, Inc. | 16,178 | $1.69M | 0.56% | +10+0.1% | Added |
| Advisory Services Network, LLC | 15,356 | $1.74M | 0.03% | −2,538−14.2% | Reduced |
| Private Advisor Group, LLC | 16,665 | $1.74M | 0.01% | −827−4.7% | Reduced |
| Sig Brokerage, LP | 16,675 | $1.75M | 0.48% | +16,675 | New |
| Garda Capital Partners LP | 17,542 | $1.84M | 0.52% | −10,309−37.0% | Reduced |
| Intech Investment Management LLC | 17,975 | $1.88M | 0.02% | +3,085+20.7% | Added |
| Qtron Investments LLC | 18,143 | $1.90M | 0.24% | +502+2.8% | Added |
| Yousif Capital Management, LLC | 18,501 | $1.94M | 0.02% | −15,641−45.8% | Reduced |
| Parametrica Management Ltd | 19,230 | $2.01M | 3.74% | −6,870−26.3% | Reduced |
| Norinchukin Bank, The | 19,579 | $2.05M | 0.03% | +1,660+9.3% | Added |
| Cerity Partners LLC | 19,696 | $2.06M | 0.00% | +382+2.0% | Added |
| Trivest Advisors Ltd | 19,700 | $2.06M | 0.08% | −1,313,000−98.5% | Reduced |
| Envestnet Asset Management Inc | 20,559 | $2.15M | 0.00% | +1,186+6.1% | Added |
| Kames Capital plc | 21,300 | $2.23M | 0.03% | +21,300 | New |
| Grafton Street Partners Fund, LP | 21,705 | $2.27M | 1.43% | −17,395−44.5% | Reduced |
| Ameritas Investment Partners, Inc. | 21,850 | $2.29M | 0.07% | 00.0% | Unchanged |
| Avenir Tech Ltd | 22,000 | $2.30M | 0.20% | +22,000 | New |
| Veritas Asset Management LLP | 22,506 | $2.36M | 0.02% | 00.0% | Unchanged |
| Mariner, LLC | 22,784 | $2.38M | 0.00% | +3,457+17.9% | Added |
| Group One Trading, L.P. | 23,527 | $2.46M | 0.08% | +23,527 | New |
| ABS Direct Equity Fund LLC | 24,099 | $2.52M | 4.01% | −30,501−55.9% | Reduced |
| Nipun Capital, L.P. | 26,000 | $2.72M | 1.48% | −14,800−36.3% | Reduced |
| Eisler Capital Management Ltd. | 26,517 | $2.78M | 0.10% | +11,198+73.1% | Added |
| Mawer Investment Management Ltd. | 27,000 | $2.83M | 0.01% | 00.0% | Unchanged |
| Crossmark Global Holdings, Inc. | 27,475 | $2.88M | 0.05% | +4,965+22.1% | Added |
| IFM Investors Pty Ltd | 27,776 | $2.91M | 0.03% | 00.0% | Unchanged |
| M&T Bank Corp | 28,150 | $2.95M | 0.01% | +970+3.6% | Added |
| Capital International Sarl | 28,156 | $2.95M | 0.06% | +14,428+105.1% | Added |
| Creative Planning | 28,819 | $3.02M | 0.00% | −7,987−21.7% | Reduced |
| GAM Holding AG | 29,196 | $3.06M | 0.21% | +29,196 | New |
| Federation des caisses Desjardins du Quebec | 29,808 | $3.12M | 0.01% | +3,717+14.2% | Added |
| Alps Advisors Inc | 30,781 | $3.22M | 0.02% | +6,318+25.8% | Added |
| Freemont Capital Pte Ltd | 31,000 | $3.24M | 0.07% | +5,000+19.2% | Added |
| Ssa Swiss Advisors AG | 27,445 | $3.25M | 1.57% | +27,445 | New |
| Fairtree Asset Management (Pty) Ltd | 31,168 | $3.26M | 2.46% | −23,665−43.2% | Reduced |
| Keystone Investors Pte Ltd | 31,515 | $3.30M | 0.68% | +28,615+986.7% | Added |
| Edmond de Rothschild Holding S.A. | 32,533 | $3.40M | 0.05% | +6,317+24.1% | Added |
| Gulf International Bank (UK) Ltd | 33,871 | $3.54M | 0.13% | −5,045−13.0% | Reduced |
| Varma Mutual Pension Insurance Co | 34,000 | $3.56M | 0.03% | −37,300−52.3% | Reduced |
| Schonfeld Strategic Advisors LLC | 34,000 | $3.56M | 0.03% | +10,166+42.7% | Added |
| Maytus Capital Management, LLC | 34,500 | $3.61M | 0.67% | +11,166+47.9% | Added |
| Shell Asset Management Co | 34,589 | $3.62M | 0.13% | +869+2.6% | Added |
| AustralianSuper Pty Ltd | 34,990 | $3.66M | 0.02% | +10,309+41.8% | Added |
| Raymond James Financial Inc | 36,478 | $3.82M | 0.00% | −2,640−6.7% | Reduced |
| AI-Squared Management Ltd | 36,900 | $3.86M | 17.42% | +36,900 | New |
| LPL Financial LLC | 36,990 | $3.87M | 0.00% | +8,489+29.8% | Added |
| Virginia Retirement Systems Et Al | 37,600 | $3.94M | 0.03% | −16,700−30.8% | Reduced |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 37,833 | $3.96M | 0.02% | +28,773+317.6% | Added |
| Vontobel Holding Ltd. | 38,348 | $4.01M | 0.01% | −81,493−68.0% | Reduced |
| Virtus Family Office LLC | 38,578 | $4.04M | 5.17% | −3,730−8.8% | Reduced |
| Myriad Asset Management US LP | 38,627 | $4.04M | 2.68% | +637+1.7% | Added |
| B. Metzler seel. Sohn & Co. AG | 39,303 | $4.11M | 0.04% | −9,829−20.0% | Reduced |
| Millennium Management LLC | 39,456 | $4.13M | 0.00% | +3,138+8.6% | Added |
| O'Shaughnessy Asset Management, LLC | 39,685 | $4.15M | 0.03% | −9,100−18.7% | Reduced |
| Leonteq Securities AG | 39,900 | $4.18M | 0.25% | +16,846+73.1% | Added |
| Quantinno Capital Management LP | 39,926 | $4.18M | 0.02% | +530+1.3% | Added |
| Jump Financial, LLC | 42,115 | $4.41M | 0.05% | +38,893+1,207.1% | Added |
| LMR Partners LLP | 42,473 | $4.45M | 0.07% | +12,063+39.7% | Added |