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 |
|---|---|---|---|---|---|
| Point72 Hong Kong Ltd | 499,808 | $52.3M | 3.62% | +398,029+391.1% | Added |
| Yong Rong (HK) Asset Management Ltd | 497,900 | $52.1M | 12.57% | +497,900 | New |
| Barings LLC | 483,487 | $50.6M | 1.18% | −28,216−5.5% | Reduced |
| Kora Management LP | 453,250 | $47.4M | 5.83% | 00.0% | Unchanged |
| Cat Rock Capital Management LP | 453,228 | $47.4M | 5.98% | −222,186−32.9% | Reduced |
| BIT Capital GmbH | 450,583 | $47.2M | 3.07% | −44,907−9.1% | Reduced |
| Public Sector Pension Investment Board | 445,830 | $46.7M | 0.20% | +122,878+38.0% | Added |
| 3G Capital Partners LP | 425,000 | $44.5M | 10.92% | +125,000+41.7% | Added |
| Punch Card Management L.P. | 415,004 | $43.4M | 14.02% | +108,253+35.3% | Added |
| DekaBank Deutsche Girozentrale | 408,010 | $42.5M | 0.08% | −646−0.2% | Reduced |
| Harvest Fund Management Co., Ltd | 404,729 | $42.3M | 2.00% | +42,386+11.7% | Added |
| Mackenzie Financial Corp | 361,154 | $37.8M | 0.05% | +17,078+5.0% | Added |
| Capital International Inc | 351,333 | $36.8M | 0.36% | +173,220+97.3% | Added |
| APG Asset Management N.V. | 409,328 | $36.5M | 0.11% | −180,800−30.6% | Reduced |
| Mirae Asset Global Investments Co., Ltd. | 348,325 | $36.5M | 0.13% | −39,330,154−99.1% | Reduced |
| Squarepoint Ops LLC | 345,597 | $36.2M | 0.08% | −850,667−71.1% | Reduced |
| M&G Plc | 336,288 | $35.3M | 0.19% | −14,651−4.2% | Reduced |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 336,033 | $35.2M | 0.09% | −32,268−8.8% | Reduced |
| PEAK6 LLC | 336,610 | $35.2M | 1.20% | +336,610 | New |
| RV Capital GmbH | 335,569 | $35.1M | 6.50% | 00.0% | Unchanged |
| Victory Capital Management Inc | 327,313 | $34.3M | 0.02% | −15,416−4.5% | Reduced |
| California State Teachers Retirement System | 324,758 | $34.0M | 0.04% | +6,445+2.0% | Added |
| Oversea-Chinese Banking CORP Ltd | 314,146 | $32.9M | 0.93% | −69,534−18.1% | Reduced |
| Citadel Advisors LLC | 303,707 | $31.8M | 0.03% | −311,894−50.7% | Reduced |
| AnglePoint Asset Management Ltd | 291,874 | $30.5M | 51.08% | +12,000+4.3% | Added |
| E Fund Management (Hong Kong) Co., Ltd. | 282,634 | $29.6M | 28.44% | +1,083+0.4% | Added |
| WCM Investment Management, LLC | 279,885 | $29.4M | 0.07% | −131,439−32.0% | Reduced |
| British Columbia Investment Management Corp | 270,700 | $28.3M | 0.16% | −600−0.2% | Reduced |
| Handelsbanken Fonder AB | 262,995 | $27.5M | 0.10% | −49,523−15.8% | Reduced |
| Connor, Clark & Lunn Investment Management Ltd. | 260,129 | $27.2M | 0.10% | −158,601−37.9% | Reduced |
| Todd Asset Management LLC | 259,048 | $27.1M | 0.58% | +7,163+2.8% | Added |
| Think Investments LP | 256,200 | $26.8M | 4.65% | +94,200+58.1% | Added |
| Manufacturers Life Insurance Company, The | 251,544 | $26.3M | 0.02% | −210,998−45.6% | Reduced |
| Panview Capital Ltd | 231,700 | $24.2M | 7.72% | +71,000+44.2% | Added |
| Bank of Montreal | 225,533 | $23.6M | 0.01% | −6,755−2.9% | Reduced |
| Taikang Asset Management (Hong Kong) Co Ltd | 224,696 | $23.5M | 3.03% | −47,281−17.4% | Reduced |
| Acadian Asset Management LLC | 220,909 | $23.1M | 0.05% | −184,355−45.5% | Reduced |
| Exchange Traded Concepts, LLC | 219,204 | $22.9M | 0.29% | +198,274+947.3% | Added |
| TB Alternative Assets Ltd. | 212,888 | $22.3M | 4.13% | +13,001+6.5% | Added |
| USS Investment Management Ltd | 211,845 | $22.2M | 0.14% | −55,308−20.7% | Reduced |
| SEI Investments Co | 210,152 | $22.0M | 0.03% | −144,328−40.7% | Reduced |
| Headwater Capital Co Ltd | 200,000 | $20.9M | 7.33% | 00.0% | Unchanged |
| Resona Asset Management Co.,Ltd. | 194,273 | $20.3M | 0.10% | +9,992+5.4% | Added |
| Monolith Management Ltd | 193,008 | $20.2M | 7.14% | +193,008 | New |
| AXA S.A. | 191,012 | $20.0M | 0.06% | +10,964+6.1% | Added |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 188,612 | $19.7M | 0.05% | −183,015−49.2% | Reduced |
| KBC Group NV | 187,877 | $19.7M | 0.05% | +5,896+3.2% | Added |
| Parus Finance (UK) Ltd | 176,856 | $18.5M | 5.29% | −21,128−10.7% | Reduced |
| Police & Firemen's Retirement System of New Jersey | 175,048 | $18.3M | 0.17% | −6,912−3.8% | Reduced |
| Teachers Retirement System of the State of Kentucky | 174,160 | $18.2M | 0.15% | +5,570+3.3% | Added |
| Global X Japan Co., Ltd. | 174,103 | $18.2M | 1.85% | −37,351−17.7% | Reduced |
| Nomura Holdings Inc | 173,637 | $18.2M | 0.15% | +69,728+67.1% | Added |
| Old Mission Capital LLC | 173,565 | $18.2M | 0.48% | +169,783+4,489.2% | Added |
| National Pension Service | 173,068 | $18.1M | 0.02% | 00.0% | Unchanged |
| Public Employees Retirement System of Ohio | 169,135 | $17.7M | 0.06% | −40,969−19.5% | Reduced |
| Polymer Capital Management (HK) LTD | 164,500 | $17.2M | 2.70% | +14,617+9.8% | Added |
| KLP Kapitalforvaltning AS | 164,300 | $17.2M | 0.07% | +7,100+4.5% | Added |
| Public Investment Fund | 162,199 | $17.0M | 0.09% | −1,541,076−90.5% | Reduced |
| Guggenheim Capital LLC | 158,713 | $16.6M | 0.13% | +36,817+30.2% | Added |
| Wim Investment Management Ltd | 157,968 | $16.5M | 5.49% | −106,500−40.3% | Reduced |
| Point72 Asset Management, L.P. | 155,065 | $16.2M | 0.04% | −154,806−50.0% | Reduced |
| Voya Investment Management LLC | 149,640 | $15.7M | 0.02% | +10,945+7.9% | Added |
| CIBC Asset Management Inc | 142,498 | $14.9M | 0.05% | +369+0.3% | Added |
| Orland Properties Ltd | 138,835 | $14.5M | 6.15% | 00.0% | Unchanged |
| Ossiam | 134,000 | $14.0M | 0.16% | 00.0% | Unchanged |
| Lansforsakringar Fondforvaltning AB (publ) | 128,352 | $13.4M | 0.08% | −2,741−2.1% | Reduced |
| Wells Fargo & Company | 128,220 | $13.4M | 0.00% | +16,553+14.8% | Added |
| NEOS Investment Management LLC | 120,393 | $12.6M | 0.16% | +51,630+75.1% | Added |
| Asset Management One Co.,Ltd. | 120,142 | $12.6M | 0.04% | −47,285−28.2% | Reduced |
| Marex Group plc | 118,650 | $12.4M | 0.24% | +74,783+170.5% | Added |
| Verition Fund Management LLC | 118,595 | $12.4M | 0.07% | +29,655+33.3% | Added |
| Antipodes Partners Ltd | 116,823 | $12.2M | 0.38% | −19,925−14.6% | Reduced |
| Neuberger Berman Group LLC | 116,739 | $12.2M | 0.01% | −1,212−1.0% | Reduced |
| Blue Creek Capital Management Ltd | 116,721 | $12.2M | 17.09% | 00.0% | Unchanged |
| Rafferty Asset Management, LLC | 116,378 | $12.2M | 0.04% | +16,106+16.1% | Added |
| Nomura Asset Management Co Ltd | 115,175 | $12.1M | 0.03% | +2,781+2.5% | Added |
| TD Asset Management Inc | 109,426 | $11.5M | 0.01% | −4,186−3.7% | Reduced |
| Nan Fung Trinity (HK) Ltd | 108,100 | $11.3M | 1.35% | +108,100 | New |
| Principal Financial Group Inc | 107,934 | $11.3M | 0.01% | −191,054−63.9% | Reduced |
| CMT Capital Markets Trading GmbH | 107,927 | $11.3M | 5.44% | −9,199−7.9% | Reduced |
| Yunqi Capital Ltd | 105,000 | $11.0M | 7.84% | +105,000 | New |
| Himension Fund | 103,955 | $10.9M | 0.85% | +21,479+26.0% | Added |
| Panagora Asset Management Inc | 103,135 | $10.8M | 0.05% | +17,200+20.0% | Added |
| SG Americas Securities, LLC | 99,452 | $10.4M | 0.05% | +86,588+673.1% | Added |
| Tairen Capital Ltd | 97,800 | $10.2M | 1.05% | +97,800 | New |
| Nissay Asset Management Corp | 96,674 | $10.1M | 0.06% | +4,922+5.4% | Added |
| Ci Investments Inc. | 95,198 | $9.96M | 0.04% | +13,996+17.2% | Added |
| Balyasny Asset Management LLC | 89,831 | $9.40M | 0.02% | −6,335−6.6% | Reduced |
| Toroso Investments, LLC | 88,533 | $9.27M | 0.06% | −10,246−10.4% | Reduced |
| Platinum Investment Management Ltd | 88,509 | $9.26M | 0.62% | −21,746−19.7% | Reduced |
| Wolverine Trading, LLC | 87,089 | $9.16M | 0.23% | +87,089 | New |
| Liontrust Investment Partners LLP | 87,410 | $9.15M | 0.13% | −69,131−44.2% | Reduced |
| Profund Advisors LLC | 86,682 | $9.07M | 0.33% | −683−0.8% | Reduced |
| Contrarius Group Holdings Ltd | 86,025 | $9.00M | 0.51% | −20,962−19.6% | Reduced |
| Twenty Acre Capital LP | 81,200 | $8.50M | 6.07% | +19,900+32.5% | Added |
| iA Global Asset Management Inc. | 80,910 | $8.47M | 0.13% | −1,357−1.6% | Reduced |
| UBS Oconnor LLC | 80,143 | $8.39M | 0.23% | +37,843+89.5% | Added |
| New York State Common Retirement Fund | 80,046 | $8.38M | 0.01% | +3,545+4.6% | Added |
| Clough Capital Partners L P | 78,070 | $8.17M | 0.82% | +78,070 | New |
| AMS Capital Ltda | 76,996 | $8.06M | 3.04% | +22,090+40.2% | Added |