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 |
|---|---|---|---|---|---|
| Los Angeles Capital Management LLC | 44,412 | $4.65M | 0.02% | −22,954−34.1% | Reduced |
| CIBC World Markets Corp | 47,573 | $4.98M | 0.03% | +47,573 | New |
| Alliancebernstein L.P. | 47,856 | $5.01M | 0.00% | +25,517+114.2% | Added |
| Amiral Gestion | 48,000 | $5.02M | 2.17% | −11,500−19.3% | Reduced |
| Seldon Capital LP | 48,226 | $5.05M | 2.19% | 00.0% | Unchanged |
| Louisiana State Employees Retirement System | 48,800 | $5.11M | 0.09% | 00.0% | Unchanged |
| Toronto Dominion Bank | 49,038 | $5.13M | 0.01% | +18,301+59.5% | Added |
| Pacer Advisors, Inc. | 49,204 | $5.15M | 0.01% | +16,728+51.5% | Added |
| Prudential Financial Inc | 49,506 | $5.18M | 0.01% | −20,400−29.2% | Reduced |
| Maxi Investments CY Ltd | 50,000 | $5.23M | 0.87% | +8,515+20.5% | Added |
| Comgest Global Investors S.A.S. | 50,947 | $5.33M | 0.09% | +8,259+19.3% | Added |
| Ensign Peak Advisors, Inc | 51,350 | $5.37M | 0.01% | −8,550−14.3% | Reduced |
| Union Bancaire Privee, UBP SA | 56,727 | $5.40M | 0.09% | +9,751+20.8% | Added |
| Swiss Life Asset Management Ltd | 52,450 | $5.49M | 0.03% | +31,644+152.1% | Added |
| Siren, L.L.C. | 52,901 | $5.54M | 0.29% | 00.0% | Unchanged |
| Bamco Inc | 53,743 | $5.62M | 0.02% | −9,911−15.6% | Reduced |
| Van Eck Associates Corp | 53,903 | $5.64M | 0.01% | +5,838+12.1% | Added |
| DnB Asset Management AS | 55,801 | $5.84M | 0.02% | +4,761+9.3% | Added |
| Hel Ved Capital Management Ltd | 56,537 | $5.92M | 2.66% | +56,537 | New |
| CastleKnight Management LP | 56,700 | $5.93M | 0.39% | +50,700+845.0% | Added |
| STRS Ohio | 58,099 | $6.08M | 0.02% | 00.0% | Unchanged |
| Sumitomo Mitsui DS Asset Management Company, Ltd | 59,439 | $6.22M | 0.06% | +10,036+20.3% | Added |
| Natixis | 60,166 | $6.30M | 0.03% | +26,418+78.3% | Added |
| Yarbrough Capital, LLC | 60,489 | $6.33M | 0.23% | +17,608+41.1% | Added |
| All-Stars Investment Ltd | 60,500 | $6.33M | 2.13% | −34,000−36.0% | Reduced |
| Polen Capital Management LLC | 64,309 | $6.73M | 0.02% | −1,884−2.8% | Reduced |
| Sylebra Capital LLC | 64,989 | $6.80M | 0.28% | −171,622−72.5% | Reduced |
| Daiwa Securities Group Inc. | 66,069 | $6.92M | 0.03% | −233−0.4% | Reduced |
| Y-Intercept (Hong Kong) Ltd | 66,087 | $6.92M | 0.17% | +66,087 | New |
| Candriam Luxembourg S.C.A. | 67,800 | $7.10M | 0.04% | −113,000−62.5% | Reduced |
| Man Group plc | 69,550 | $7.28M | 0.02% | −587,300−89.4% | Reduced |
| Janney Capital Management LLC | 69,561 | $7.28M | 0.47% | −1,183−1.7% | Reduced |
| Rhumbline Advisers | 70,879 | $7.42M | 0.01% | −16,383−18.8% | Reduced |
| Aware Super Pty Ltd as trustee of Aware Super | 73,243 | $7.67M | 0.11% | +2,139+3.0% | Added |
| Alberta Investment Management Corp | 75,000 | $7.85M | 0.06% | −119,656−61.5% | Reduced |
| Shelton Capital Management | 75,537 | $7.91M | 0.18% | −1,000−1.3% | Reduced |
| Capitolis Liquid Global Markets LLC | 76,000 | $7.95M | 0.06% | −400,000−84.0% | Reduced |
| AMS Capital Ltda | 76,996 | $8.06M | 3.04% | +22,090+40.2% | Added |
| Clough Capital Partners L P | 78,070 | $8.17M | 0.82% | +78,070 | New |
| New York State Common Retirement Fund | 80,046 | $8.38M | 0.01% | +3,545+4.6% | Added |
| UBS Oconnor LLC | 80,143 | $8.39M | 0.23% | +37,843+89.5% | Added |
| iA Global Asset Management Inc. | 80,910 | $8.47M | 0.13% | −1,357−1.6% | Reduced |
| Twenty Acre Capital LP | 81,200 | $8.50M | 6.07% | +19,900+32.5% | Added |
| Contrarius Group Holdings Ltd | 86,025 | $9.00M | 0.51% | −20,962−19.6% | Reduced |
| Profund Advisors LLC | 86,682 | $9.07M | 0.33% | −683−0.8% | Reduced |
| Liontrust Investment Partners LLP | 87,410 | $9.15M | 0.13% | −69,131−44.2% | Reduced |
| Wolverine Trading, LLC | 87,089 | $9.16M | 0.23% | +87,089 | New |
| Platinum Investment Management Ltd | 88,509 | $9.26M | 0.62% | −21,746−19.7% | Reduced |
| Toroso Investments, LLC | 88,533 | $9.27M | 0.06% | −10,246−10.4% | Reduced |
| Balyasny Asset Management LLC | 89,831 | $9.40M | 0.02% | −6,335−6.6% | Reduced |
| Ci Investments Inc. | 95,198 | $9.96M | 0.04% | +13,996+17.2% | Added |
| Nissay Asset Management Corp | 96,674 | $10.1M | 0.06% | +4,922+5.4% | Added |
| Tairen Capital Ltd | 97,800 | $10.2M | 1.05% | +97,800 | New |
| SG Americas Securities, LLC | 99,452 | $10.4M | 0.05% | +86,588+673.1% | Added |
| Panagora Asset Management Inc | 103,135 | $10.8M | 0.05% | +17,200+20.0% | Added |
| Himension Fund | 103,955 | $10.9M | 0.85% | +21,479+26.0% | Added |
| Yunqi Capital Ltd | 105,000 | $11.0M | 7.84% | +105,000 | New |
| CMT Capital Markets Trading GmbH | 107,927 | $11.3M | 5.44% | −9,199−7.9% | Reduced |
| Principal Financial Group Inc | 107,934 | $11.3M | 0.01% | −191,054−63.9% | Reduced |
| Nan Fung Trinity (HK) Ltd | 108,100 | $11.3M | 1.35% | +108,100 | New |
| TD Asset Management Inc | 109,426 | $11.5M | 0.01% | −4,186−3.7% | Reduced |
| Nomura Asset Management Co Ltd | 115,175 | $12.1M | 0.03% | +2,781+2.5% | Added |
| Rafferty Asset Management, LLC | 116,378 | $12.2M | 0.04% | +16,106+16.1% | Added |
| Blue Creek Capital Management Ltd | 116,721 | $12.2M | 17.09% | 00.0% | Unchanged |
| Neuberger Berman Group LLC | 116,739 | $12.2M | 0.01% | −1,212−1.0% | Reduced |
| Antipodes Partners Ltd | 116,823 | $12.2M | 0.38% | −19,925−14.6% | Reduced |
| Verition Fund Management LLC | 118,595 | $12.4M | 0.07% | +29,655+33.3% | Added |
| Marex Group plc | 118,650 | $12.4M | 0.24% | +74,783+170.5% | Added |
| Asset Management One Co.,Ltd. | 120,142 | $12.6M | 0.04% | −47,285−28.2% | Reduced |
| NEOS Investment Management LLC | 120,393 | $12.6M | 0.16% | +51,630+75.1% | Added |
| Wells Fargo & Company | 128,220 | $13.4M | 0.00% | +16,553+14.8% | Added |
| Lansforsakringar Fondforvaltning AB (publ) | 128,352 | $13.4M | 0.08% | −2,741−2.1% | Reduced |
| Ossiam | 134,000 | $14.0M | 0.16% | 00.0% | Unchanged |
| Orland Properties Ltd | 138,835 | $14.5M | 6.15% | 00.0% | Unchanged |
| CIBC Asset Management Inc | 142,498 | $14.9M | 0.05% | +369+0.3% | Added |
| Voya Investment Management LLC | 149,640 | $15.7M | 0.02% | +10,945+7.9% | Added |
| Point72 Asset Management, L.P. | 155,065 | $16.2M | 0.04% | −154,806−50.0% | Reduced |
| Wim Investment Management Ltd | 157,968 | $16.5M | 5.49% | −106,500−40.3% | Reduced |
| Guggenheim Capital LLC | 158,713 | $16.6M | 0.13% | +36,817+30.2% | Added |
| Public Investment Fund | 162,199 | $17.0M | 0.09% | −1,541,076−90.5% | Reduced |
| KLP Kapitalforvaltning AS | 164,300 | $17.2M | 0.07% | +7,100+4.5% | Added |
| Polymer Capital Management (HK) LTD | 164,500 | $17.2M | 2.70% | +14,617+9.8% | Added |
| Public Employees Retirement System of Ohio | 169,135 | $17.7M | 0.06% | −40,969−19.5% | Reduced |
| National Pension Service | 173,068 | $18.1M | 0.02% | 00.0% | Unchanged |
| Old Mission Capital LLC | 173,565 | $18.2M | 0.48% | +169,783+4,489.2% | Added |
| Nomura Holdings Inc | 173,637 | $18.2M | 0.15% | +69,728+67.1% | Added |
| Global X Japan Co., Ltd. | 174,103 | $18.2M | 1.85% | −37,351−17.7% | Reduced |
| Teachers Retirement System of the State of Kentucky | 174,160 | $18.2M | 0.15% | +5,570+3.3% | Added |
| Police & Firemen's Retirement System of New Jersey | 175,048 | $18.3M | 0.17% | −6,912−3.8% | Reduced |
| Parus Finance (UK) Ltd | 176,856 | $18.5M | 5.29% | −21,128−10.7% | Reduced |
| KBC Group NV | 187,877 | $19.7M | 0.05% | +5,896+3.2% | Added |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 188,612 | $19.7M | 0.05% | −183,015−49.2% | Reduced |
| AXA S.A. | 191,012 | $20.0M | 0.06% | +10,964+6.1% | Added |
| Monolith Management Ltd | 193,008 | $20.2M | 7.14% | +193,008 | New |
| Resona Asset Management Co.,Ltd. | 194,273 | $20.3M | 0.10% | +9,992+5.4% | Added |
| Headwater Capital Co Ltd | 200,000 | $20.9M | 7.33% | 00.0% | Unchanged |
| SEI Investments Co | 210,152 | $22.0M | 0.03% | −144,328−40.7% | Reduced |
| USS Investment Management Ltd | 211,845 | $22.2M | 0.14% | −55,308−20.7% | Reduced |
| TB Alternative Assets Ltd. | 212,888 | $22.3M | 4.13% | +13,001+6.5% | Added |
| Exchange Traded Concepts, LLC | 219,204 | $22.9M | 0.29% | +198,274+947.3% | Added |