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 |
|---|---|---|---|---|---|
| Deutsche Bank AG | 2,950,414 | $308.8M | 0.11% | −14,495−0.5% | Reduced |
| Northern Trust Corp | 3,147,341 | $329.4M | 0.05% | −58,263−1.8% | Reduced |
| Greenwoods Asset Management Hong Kong Ltd.SuperinvestorGreenwoods Asset Management | 3,219,839 | $337.0M | 11.73% | −1,415,680−30.5% | Reduced |
| Dimensional Fund Advisors LP | 3,307,141 | $346.2M | 0.08% | +422,199+14.6% | Added |
| E Fund Management Co., Ltd. | 3,403,721 | $356.2M | 16.98% | −70,830−2.0% | Reduced |
| Dragoneer Investment Group, LLC | 3,535,608 | $370.0M | 7.55% | −1,028,464−22.5% | Reduced |
| NetEase, Inc. | 3,555,488 | $372.1M | 93.72% | +3,555,488 | New |
| FIL Ltd | 3,558,408 | $372.4M | 0.32% | −3,808,833−51.7% | Reduced |
| Capital International Investors | 3,625,911 | $379.5M | 0.07% | +878,848+32.0% | Added |
| UBS Group AG | 3,809,792 | $398.7M | 0.08% | +733,742+23.9% | Added |
| Invesco Ltd. | 3,962,644 | $414.7M | 0.07% | −1,338,689−25.3% | Reduced |
| SRS Investment Management, LLC | 4,064,381 | $425.4M | 4.41% | 00.0% | Unchanged |
| HSBC Holdings PLC | 4,325,013 | $454.3M | 0.29% | +476,590+12.4% | Added |
| Legal & General Group Plc | 4,469,979 | $467.8M | 0.12% | +214,910+5.1% | Added |
| Himalaya Capital Management LLCSuperinvestorHimalaya Capital | 4,608,000 | $482.3M | 17.93% | +4,608,000 | New |
| JPMorgan Chase & Co | 4,750,564 | $497.2M | 0.03% | −1,818,514−27.7% | Reduced |
| Krane Funds Advisors LLC | 4,891,438 | $511.9M | 20.12% | −144,951−2.9% | Reduced |
| Price T Rowe Associates Inc | 5,037,525 | $527.2M | 0.06% | −1,874,107−27.1% | Reduced |
| BNP Paribas Arbitrage, SA | 5,464,091 | $571.9M | 0.44% | +123,457+2.3% | Added |
| First Beijing Investment Ltd | 5,577,852 | $583.8M | 32.67% | +1,720,629+44.6% | Added |
| Orbis Allan Gray Ltd | 5,647,728 | $591.1M | 2.87% | +3,250,416+135.6% | Added |
| Geode Capital Management, LLC | 6,226,538 | $646.8M | 0.05% | +240,627+4.0% | Added |
| HHLR Advisors, Ltd.SuperinvestorHHLR Advisors (Hillhouse) | 6,976,804 | $730.2M | 23.52% | +414,228+6.3% | Added |
| Assenagon Asset Management S.A. | 7,394,211 | $773.9M | 1.23% | +2,573,065+53.4% | Added |
| Morgan Stanley | 8,135,809 | $851.5M | 0.06% | +1,969,081+31.9% | Added |
| Sanders Capital, LLC | 8,526,610 | $892.4M | 1.20% | +1,508,445+21.5% | Added |
| H&H International Investment, LLCSuperinvestorH&H International Investment | 8,662,694 | $906.6M | 7.86% | +908,794+11.7% | Added |
| Norges Bank | 9,199,172 | $962.8M | 0.12% | +1,108,130+13.7% | Added |
| UBS Asset Management Americas Inc | 9,239,441 | $967.0M | 0.20% | +253,472+2.8% | Added |
| Goldman Sachs Group Inc | 10,131,776 | $1.06B | 0.17% | +4,210,553+71.1% | Added |
| SC US (TTGP), Ltd. | 10,592,635 | $1.11B | 7.84% | 00.0% | Unchanged |
| State Street Corp | 11,728,573 | $1.23B | 0.05% | +193,818+1.7% | Added |
| SC China Holding Ltd | 13,595,995 | $1.42B | 73.32% | 00.0% | Unchanged |
| FMR LLC | 14,933,065 | $1.56B | 0.09% | −12,677,951−45.9% | Reduced |
| Vanguard Group Inc | 32,035,725 | $3.35B | 0.05% | +2,956,249+10.2% | Added |
| BlackRock, Inc. | 33,298,741 | $3.49B | 0.07% | −101,564−0.3% | Reduced |
| Baillie Gifford & Co | 34,372,712 | $3.60B | 2.69% | −5,674,566−14.2% | Reduced |
| Tiger Global Management LLCSuperinvestorTiger Global Management | 0 | $0 | 0.00% | −4,415,681−100.0% | Sold out |
| Bridgewater Associates, LP | 0 | $0 | 0.00% | −1,742,717−100.0% | Sold out |
| Artisan Partners Limited Partnership | 0 | $0 | 0.00% | −875,038−100.0% | Sold out |
| Anatole Investment Management Ltd | 0 | $0 | 0.00% | −491,799−100.0% | Sold out |
| Shengqi Capital (Hong Kong) Ltd | 0 | $0 | 0.00% | −480,947−100.0% | Sold out |
| Coronation Fund Managers Ltd. | 0 | $0 | 0.00% | −428,116−100.0% | Sold out |
| Wasatch Advisors Inc | 0 | $0 | 0.00% | −385,503−100.0% | Sold out |
| RWC Asset Advisors (US) LLC | 0 | $0 | 0.00% | −375,857−100.0% | Sold out |
| TT International Asset Management LTD | 0 | $0 | 0.00% | −265,302−100.0% | Sold out |
| Whale Rock Capital Management LLC | 0 | $0 | 0.00% | −199,016−100.0% | Sold out |
| Quadrature Capital Ltd | 0 | $0 | 0.00% | −190,375−100.0% | Sold out |
| MY.Alpha Management HK Advisors Ltd | 0 | $0 | 0.00% | −187,300−100.0% | Sold out |
| Fullerton Fund Management Co Ltd. | 0 | $0 | 0.00% | −179,265−100.0% | Sold out |
| AlpInvest Partners B.V. | 0 | $0 | 0.00% | −161,189−100.0% | Sold out |
| RWC Asset Management LLP | 0 | $0 | 0.00% | −108,801−100.0% | Sold out |
| Causeway Capital Management LLC | 0 | $0 | 0.00% | −105,926−100.0% | Sold out |
| Mirae Asset Securities (USA) Inc. | 0 | $0 | 0.00% | −103,558−100.0% | Sold out |
| Simplex Trading, LLC | 0 | $0 | 0.00% | −97,380−100.0% | Sold out |
| 683 Capital Management, LLC | 0 | $0 | 0.00% | −95,000−100.0% | Sold out |
| FACT Capital, LP | 0 | $0 | 0.00% | −71,601−100.0% | Sold out |
| Thornburg Investment Management Inc | 0 | $0 | 0.00% | −62,498−100.0% | Sold out |
| Proem Advisors LLC | 0 | $0 | 0.00% | −50,000−100.0% | Sold out |
| Corebridge Financial, Inc. | 0 | $0 | 0.00% | −49,783−100.0% | Sold out |
| 14B Captial Management LP | 0 | $0 | 0.00% | −49,000−100.0% | Sold out |
| Arrowstreet Capital, Limited Partnership | 0 | $0 | 0.00% | −43,563−100.0% | Sold out |
| HRT Financial LP | 0 | $0 | 0.00% | −36,875−100.0% | Sold out |
| Alden Global Capital LLC | 0 | $0 | 0.00% | −35,437−100.0% | Sold out |
| Carnegie Mellon University | 0 | $0 | 0.00% | −35,322−100.0% | Sold out |
| Zweig-DiMenna Associates LLC | 0 | $0 | 0.00% | −34,500−100.0% | Sold out |
| Two Sigma Advisers, LP | 0 | $0 | 0.00% | −32,100−100.0% | Sold out |
| XTX Topco Ltd | 0 | $0 | 0.00% | −31,420−100.0% | Sold out |
| Jupiter Asset Management Ltd | 0 | $0 | 0.00% | −29,209−100.0% | Sold out |
| Saba Capital Management, L.P. | 0 | $0 | 0.00% | −27,500−100.0% | Sold out |
| Venture Visionary Partners LLC | 0 | $0 | 0.00% | −27,409−100.0% | Sold out |
| CoreView Capital Management Ltd | 0 | $0 | 0.00% | −23,355−100.0% | Sold out |
| RedJay Asset Management Inc. | 0 | $0 | 0.00% | −23,000−100.0% | Sold out |
| Oasis Management Co Ltd. | 0 | $0 | 0.00% | −21,900−100.0% | Sold out |
| Tudor Investment Corp Et Al | 0 | $0 | 0.00% | −18,799−100.0% | Sold out |
| Ariose Capital Management Ltd | 0 | $0 | 0.00% | −16,000−100.0% | Sold out |
| Engineers Gate Manager LP | 0 | $0 | 0.00% | −14,371−100.0% | Sold out |
| Wealth Enhancement Advisory Services, LLC | 0 | $0 | 0.00% | −13,782−100.0% | Sold out |
| Naviter Wealth, LLC | 0 | $0 | 0.00% | −13,157−100.0% | Sold out |
| Lord, Abbett & Co. LLC | 0 | $0 | 0.00% | −13,030−100.0% | Sold out |
| Wexford Capital LP | 0 | $0 | 0.00% | −12,977−100.0% | Sold out |
| Capula Management Ltd | 0 | $0 | 0.00% | −12,841−100.0% | Sold out |
| Banque Pictet & Cie SA | 0 | $0 | 0.00% | −11,900−100.0% | Sold out |
| VestGen Advisors, LLC | 0 | $0 | 0.00% | −11,016−100.0% | Sold out |
| Abn Amro Investment Solutions | 0 | $0 | 0.00% | −10,370−100.0% | Sold out |
| RBF Capital, LLC | 0 | $0 | 0.00% | −10,000−100.0% | Sold out |
| PKO Investment Management Joint-Stock Co | 0 | $0 | 0.00% | −10,000−100.0% | Sold out |
| Indus Capital Partners, LLC | 0 | $0 | 0.00% | −9,700−100.0% | Sold out |
| Point72 (DIFC) Ltd | 0 | $0 | 0.00% | −9,303−100.0% | Sold out |
| NFJ Investment Group, LLC | 0 | $0 | 0.00% | −9,256−100.0% | Sold out |
| Agf Management Ltd | 0 | $0 | 0.00% | −9,179−100.0% | Sold out |
| Ping Capital Management, Inc. | 0 | $0 | 0.00% | −9,000−100.0% | Sold out |
| Symmetry Investments LP | 0 | $0 | 0.00% | −8,000−100.0% | Sold out |
| Itau Unibanco Holding S.A. | 0 | $0 | 0.00% | −7,833−100.0% | Sold out |
| Landscape Capital Management, L.L.C. | 0 | $0 | 0.00% | −7,436−100.0% | Sold out |
| Dohj, LLC | 0 | $0 | 0.00% | −7,014−100.0% | Sold out |
| Campbell & CO Investment Adviser LLC | 0 | $0 | 0.00% | −6,445−100.0% | Sold out |
| Quinn Opportunity Partners LLC | 0 | $0 | 0.00% | −6,000−100.0% | Sold out |
| CWM Advisors, LLC | 0 | $0 | 0.00% | −5,940−100.0% | Sold out |
| Dymon Asia Capital (Singapore) Pte. Ltd. | 0 | $0 | 0.00% | −5,900−100.0% | Sold out |