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 |
|---|---|---|---|---|---|
| Acadian Asset Management LLC | 220,909 | $23.1M | 0.05% | −184,355−45.5% | Reduced |
| Taikang Asset Management (Hong Kong) Co Ltd | 224,696 | $23.5M | 3.03% | −47,281−17.4% | Reduced |
| Bank of Montreal | 225,533 | $23.6M | 0.01% | −6,755−2.9% | Reduced |
| Panview Capital Ltd | 231,700 | $24.2M | 7.72% | +71,000+44.2% | Added |
| Manufacturers Life Insurance Company, The | 251,544 | $26.3M | 0.02% | −210,998−45.6% | Reduced |
| Think Investments LP | 256,200 | $26.8M | 4.65% | +94,200+58.1% | Added |
| Todd Asset Management LLC | 259,048 | $27.1M | 0.58% | +7,163+2.8% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 260,129 | $27.2M | 0.10% | −158,601−37.9% | Reduced |
| Handelsbanken Fonder AB | 262,995 | $27.5M | 0.10% | −49,523−15.8% | Reduced |
| British Columbia Investment Management Corp | 270,700 | $28.3M | 0.16% | −600−0.2% | Reduced |
| WCM Investment Management, LLC | 279,885 | $29.4M | 0.07% | −131,439−32.0% | Reduced |
| E Fund Management (Hong Kong) Co., Ltd. | 282,634 | $29.6M | 28.44% | +1,083+0.4% | Added |
| AnglePoint Asset Management Ltd | 291,874 | $30.5M | 51.08% | +12,000+4.3% | Added |
| Citadel Advisors LLC | 303,707 | $31.8M | 0.03% | −311,894−50.7% | Reduced |
| Oversea-Chinese Banking CORP Ltd | 314,146 | $32.9M | 0.93% | −69,534−18.1% | Reduced |
| California State Teachers Retirement System | 324,758 | $34.0M | 0.04% | +6,445+2.0% | Added |
| Victory Capital Management Inc | 327,313 | $34.3M | 0.02% | −15,416−4.5% | Reduced |
| RV Capital GmbH | 335,569 | $35.1M | 6.50% | 00.0% | Unchanged |
| PEAK6 LLC | 336,610 | $35.2M | 1.20% | +336,610 | New |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 336,033 | $35.2M | 0.09% | −32,268−8.8% | Reduced |
| M&G Plc | 336,288 | $35.3M | 0.19% | −14,651−4.2% | Reduced |
| Squarepoint Ops LLC | 345,597 | $36.2M | 0.08% | −850,667−71.1% | Reduced |
| Mirae Asset Global Investments Co., Ltd. | 348,325 | $36.5M | 0.13% | −39,330,154−99.1% | Reduced |
| APG Asset Management N.V. | 409,328 | $36.5M | 0.11% | −180,800−30.6% | Reduced |
| Capital International Inc | 351,333 | $36.8M | 0.36% | +173,220+97.3% | Added |
| Mackenzie Financial Corp | 361,154 | $37.8M | 0.05% | +17,078+5.0% | Added |
| Harvest Fund Management Co., Ltd | 404,729 | $42.3M | 2.00% | +42,386+11.7% | Added |
| DekaBank Deutsche Girozentrale | 408,010 | $42.5M | 0.08% | −646−0.2% | Reduced |
| Punch Card Management L.P. | 415,004 | $43.4M | 14.02% | +108,253+35.3% | Added |
| 3G Capital Partners LP | 425,000 | $44.5M | 10.92% | +125,000+41.7% | Added |
| Public Sector Pension Investment Board | 445,830 | $46.7M | 0.20% | +122,878+38.0% | Added |
| BIT Capital GmbH | 450,583 | $47.2M | 3.07% | −44,907−9.1% | Reduced |
| Cat Rock Capital Management LP | 453,228 | $47.4M | 5.98% | −222,186−32.9% | Reduced |
| Kora Management LP | 453,250 | $47.4M | 5.83% | 00.0% | Unchanged |
| Barings LLC | 483,487 | $50.6M | 1.18% | −28,216−5.5% | Reduced |
| Yong Rong (HK) Asset Management Ltd | 497,900 | $52.1M | 12.57% | +497,900 | New |
| Point72 Hong Kong Ltd | 499,808 | $52.3M | 3.62% | +398,029+391.1% | Added |
| Matthews International Capital Management LLC | 500,026 | $52.3M | 12.04% | −132,400−20.9% | Reduced |
| Franchise Capital Ltd | 502,050 | $52.5M | 27.40% | −12,770−2.5% | Reduced |
| Allianz Asset Management GmbH | 503,503 | $52.7M | 0.07% | −103,665−17.1% | Reduced |
| Carrhae Capital LLP | 503,595 | $52.7M | 5.04% | +307,158+156.4% | Added |
| Cederberg Capital Ltd | 512,000 | $53.6M | 19.68% | −16,700−3.2% | Reduced |
| Royal London Asset Management Ltd | 553,972 | $58.0M | 0.13% | −136,800−19.8% | Reduced |
| Korea Investment CORP | 555,387 | $58.1M | 0.13% | −9,100−1.6% | Reduced |
| Fisher Asset Management, LLC | 564,144 | $59.0M | 0.02% | −72,670−11.4% | Reduced |
| Polar Capital Holdings Plc | 574,820 | $60.2M | 0.32% | −13,164−2.2% | Reduced |
| Mirae Asset Global ETFs Holdings Ltd. | 616,109 | $64.5M | 0.12% | −41,845−6.4% | Reduced |
| Aviva PLC | 618,819 | $64.8M | 0.13% | +9,121+1.5% | Added |
| Pinpoint Asset Management (Singapore) Pte. Ltd. | 615,136 | $65.8M | 11.50% | +615,136 | New |
| Ameriprise Financial Inc | 634,772 | $66.4M | 0.02% | −176,211−21.7% | Reduced |
| Lazard Asset Management LLC | 650,151 | $68.0M | 0.09% | −78,805−10.8% | Reduced |
| Royal Bank of Canada | 650,264 | $68.1M | 0.01% | +252,763+63.6% | Added |
| Russell Investments Group, Ltd. | 665,745 | $69.7M | 0.09% | +43,916+7.1% | Added |
| Franklin Resources Inc | 670,635 | $70.2M | 0.02% | +70,279+11.7% | Added |
| Renaissance Technologies LLC | 742,000 | $77.7M | 0.10% | +152,100+25.8% | Added |
| Green Court Capital Management Ltd | 745,600 | $78.7M | 52.01% | +745,600 | New |
| American Century Companies Inc | 754,123 | $78.9M | 0.04% | +150,939+25.0% | Added |
| Mitsubishi UFJ Kokusai Asset Management Co., Ltd. | 756,387 | $79.2M | 0.06% | +48,169+6.8% | Added |
| Maple Rock Capital Partners Inc. | 762,541 | $79.8M | 3.99% | +180,117+30.9% | Added |
| Evergreen Quality Fund GP, Ltd. | 781,800 | $81.8M | 2.53% | +781,800 | New |
| Susquehanna Advisors Group, Inc. | 850,000 | $89.0M | 3.54% | +850,000 | New |
| AQR Capital Management LLC | 880,417 | $90.5M | 0.07% | +15,919+1.8% | Added |
| Great West Life Assurance Co | 873,615 | $91.5M | 0.15% | −150,235−14.7% | Reduced |
| Alpine Investment Management Ltd | 900,000 | $94.2M | 45.07% | +900,000 | New |
| Pictet Asset Management Holding SA | 900,240 | $94.2M | 0.10% | −196,325−17.9% | Reduced |
| GF Fund Management Co. Ltd. | 911,086 | $95.4M | 1.92% | −70,767−7.2% | Reduced |
| Wellington Management Group LLP | 919,675 | $96.3M | 0.02% | −31,247−3.3% | Reduced |
| ProShare Advisors LLC | 944,483 | $98.8M | 0.20% | +22,155+2.4% | Added |
| Walleye Trading LLC | 1,033,350 | $108.2M | 2.65% | +796,066+335.5% | Added |
| California Public Employees Retirement System | 1,061,440 | $111.1M | 0.07% | +85,343+8.7% | Added |
| IMC-Chicago, LLC | 1,085,536 | $113.6M | 2.84% | +487,212+81.4% | Added |
| IvyRock Asset Management (HK) Ltd | 1,086,849 | $113.7M | 52.49% | +222,500+25.7% | Added |
| Healthcare of Ontario Pension Plan Trust Fund | 1,088,715 | $113.9M | 0.23% | +303,953+38.7% | Added |
| Susquehanna International Group, LLP | 1,120,760 | $117.3M | 0.18% | −75,452−6.3% | Reduced |
| Charles Schwab Investment Management Inc | 1,122,775 | $117.5M | 0.02% | +125,356+12.6% | Added |
| First Trust Advisors LP | 1,183,163 | $123.8M | 0.10% | +361,176+43.9% | Added |
| Robeco Institutional Asset Management B.V. | 1,232,727 | $129.0M | 0.21% | −1,136,654−48.0% | Reduced |
| Standard Life Aberdeen plc | 1,278,666 | $133.5M | 0.23% | +28,033+2.2% | Added |
| Macquarie Group Ltd | 1,284,920 | $134.5M | 0.17% | −1,416−0.1% | Reduced |
| Perseverance Asset Management International | 1,312,663 | $137.4M | 34.57% | −201,100−13.3% | Reduced |
| Keywise Capital Management (HK) Ltd | 1,325,050 | $138.7M | 12.63% | +172,690+15.0% | Added |
| Nuveen, LLC | 1,330,612 | $139.3M | 0.04% | −97,649−6.8% | Reduced |
| Massachusetts Financial Services Co | 1,381,299 | $144.6M | 0.05% | +296,320+27.3% | Added |
| Marshall Wace, LLP | 1,401,541 | $146.7M | 0.17% | +265,424+23.4% | Added |
| Temasek Holdings (Private) Ltd | 1,451,954 | $152.0M | 0.59% | +318,969+28.2% | Added |
| Swiss National Bank | 1,573,844 | $164.7M | 0.10% | −3,400−0.2% | Reduced |
| Prudential PLC | 1,618,053 | $169.3M | 1.03% | +221,805+15.9% | Added |
| Triata Capital Ltd | 1,634,328 | $171.0M | 33.39% | −214,035−11.6% | Reduced |
| Sumitomo Mitsui Trust Holdings, Inc. | 1,645,310 | $172.2M | 0.11% | −56,279−3.3% | Reduced |
| Barclays PLC | 1,659,381 | $173.7M | 0.07% | +99,092+6.4% | Added |
| Citigroup Inc | 1,681,932 | $176.0M | 0.12% | +499,009+42.2% | Added |
| Jane Street Group, LLC | 1,740,806 | $182.2M | 0.29% | +1,367,065+365.8% | Added |
| National Bank of Canada | 1,811,137 | $189.6M | 0.20% | +1,526,695+536.7% | Added |
| Bank of New York Mellon Corp | 1,860,531 | $194.7M | 0.04% | +171,033+10.1% | Added |
| Mitsubishi UFJ Trust & Banking Corp | 1,873,742 | $196.1M | 0.45% | +1,294,090+223.3% | Added |
| Appaloosa LPSuperinvestorAppaloosa | 2,000,000 | $209.3M | 3.25% | −2,370,000−54.2% | Reduced |
| Schroder Investment Management Group | 2,317,953 | $242.6M | 0.21% | +394,148+20.5% | Added |
| Capital Today Evergreen Fund, L.P. | 2,493,586 | $261.0M | 91.17% | 00.0% | Unchanged |
| IDG China Venture Capital Fund IV Associates L.P. | 2,630,982 | $275.4M | 67.48% | 00.0% | Unchanged |
| Bank of America Corp | 2,841,581 | $297.4M | 0.02% | +271,622+10.6% | Added |