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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
Capital Markets Trading UK LLP0$00.00%−5,610−100.0%Sold out
Eos Management, L.P.0$00.00%−5,507−100.0%Sold out
Henshaw Capital LLC0$00.00%−5,460−100.0%Sold out
Stifel Financial Corp0$00.00%−4,830−100.0%Sold out
Raiffeisen Bank International AG0$00.00%−4,700−100.0%Sold out
State of Wyoming0$00.00%−4,780−100.0%Sold out
TownSquare Capital, LLC0$00.00%−4,769−100.0%Sold out
Banco BTG Pactual S.A.0$00.00%−4,541−100.0%Sold out
Everstar Asset Management, LLC0$00.00%−4,314−100.0%Sold out
GTS Securities LLC0$00.00%−3,741−100.0%Sold out
Jain Global LLC0$00.00%−3,654−100.0%Sold out
MML Investors Services, LLC0$00.00%−3,427−100.0%Sold out
Leuthold Group, LLC0$00.00%−3,424−100.0%Sold out
ExodusPoint Capital Management, LP0$00.00%−3,273−100.0%Sold out
Scientech Research LLC0$00.00%−3,264−100.0%Sold out
Eschler Asset Management LLP0$00.00%−3,200−100.0%Sold out
Resolute Partners Group0$00.00%−3,020−100.0%Sold out
Bridgefront Capital, LLC0$00.00%−2,514−100.0%Sold out
Central Asset Investments & Management Holdings (HK) Ltd0$00.00%−2,500−100.0%Sold out
Prospect Financial Services LLC0$00.00%−2,439−100.0%Sold out
Tuttle Tactical Management0$00.00%−2,427−100.0%Sold out
CTC LLC0$00.00%−2,281−100.0%Sold out
Advisors Preferred, LLC0$00.00%−2,169−100.0%Sold out
Ground Swell Capital, LLC0$00.00%−2,191−100.0%Sold out
Pekin Hardy Strauss, Inc.0$00.00%−2,185−100.0%Sold out
Cambridge Investment Research Advisors, Inc.0$00.00%−2,096−100.0%Sold out
Optiver Holding B.V.0$00.00%−2,042−100.0%Sold out
Ausdal Financial Partners, Inc.0$00.00%−2,026−100.0%Sold out
Congress Wealth Management LLC0$00.00%−2,005−100.0%Sold out
Cresset Asset Management, LLC0$00.00%−1,895−100.0%Sold out
Prime Capital Investment Advisors, LLC0$00.00%−1,864−100.0%Sold out
Sanibel Captiva Trust Company, Inc.0$00.00%−1,844−100.0%Sold out
Arrowpoint Investment Partners (Singapore) Pte. Ltd.0$00.00%−1,199−100.0%Sold out
Gordian Capital Singapore Pte Ltd0$00.00%−1,030−100.0%Sold out
Point72 Asia (Singapore) Pte. Ltd.0$00.00%−961−100.0%Sold out
Coldstream Capital Management Inc0$00.00%−802−100.0%Sold out
Peoples Bank0$00.00%−500−100.0%Sold out
Clear Street Markets LLC0$00.00%−421−100.0%Sold out
Centiva Capital, LP0$00.00%−405−100.0%Sold out
Hollencrest Capital Management0$00.00%−220−100.0%Sold out
Capital A Wealth Management, LLC0$00.00%−161−100.0%Sold out
Crewe Advisors LLC0$00.00%−150−100.0%Sold out
Wayfinding Financial, LLC0$00.00%−107−100.0%Sold out
Mather Group, LLC.0$00.00%−101−100.0%Sold out
Park Place Capital Corp0$00.00%−98−100.0%Sold out
Runnymede Capital Advisors, Inc.0$00.00%−89−100.0%Sold out
Center for Financial Planning, Inc.0$00.00%−87−100.0%Sold out
Pension & Wealth Management Advisors, Inc.0$00.00%−70−100.0%Sold out
Glass Jacobson Investment Advisors llc0$00.00%−22−100.0%Sold out
Caitong International Asset Management Co., Ltd0$00.00%−5−100.0%Sold out
Pinpoint Asset Management Ltd––––Not filed
Credit Agricole S A––––Not filed
Rakuten Investment Management, Inc.––––Not filed
Caas Capital Management LP––––Not filed
Orion Portfolio Solutions, LLC––––Not filed
CAPROCK Group, Inc.––––Not filed
Lindbrook Capital, LLC––––Not filed
Sandy Spring Bank––––Not filed