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 |
|---|---|---|---|---|---|
| Capitolis Liquid Global Markets LLC | 76,000 | $7.95M | 0.06% | −400,000−84.0% | Reduced |
| Shelton Capital Management | 75,537 | $7.91M | 0.18% | −1,000−1.3% | Reduced |
| Alberta Investment Management Corp | 75,000 | $7.85M | 0.06% | −119,656−61.5% | Reduced |
| Aware Super Pty Ltd as trustee of Aware Super | 73,243 | $7.67M | 0.11% | +2,139+3.0% | Added |
| Rhumbline Advisers | 70,879 | $7.42M | 0.01% | −16,383−18.8% | Reduced |
| Janney Capital Management LLC | 69,561 | $7.28M | 0.47% | −1,183−1.7% | Reduced |
| Man Group plc | 69,550 | $7.28M | 0.02% | −587,300−89.4% | Reduced |
| Candriam Luxembourg S.C.A. | 67,800 | $7.10M | 0.04% | −113,000−62.5% | Reduced |
| Y-Intercept (Hong Kong) Ltd | 66,087 | $6.92M | 0.17% | +66,087 | New |
| Daiwa Securities Group Inc. | 66,069 | $6.92M | 0.03% | −233−0.4% | Reduced |
| Sylebra Capital LLC | 64,989 | $6.80M | 0.28% | −171,622−72.5% | Reduced |
| Polen Capital Management LLC | 64,309 | $6.73M | 0.02% | −1,884−2.8% | Reduced |
| All-Stars Investment Ltd | 60,500 | $6.33M | 2.13% | −34,000−36.0% | Reduced |
| Yarbrough Capital, LLC | 60,489 | $6.33M | 0.23% | +17,608+41.1% | Added |
| Natixis | 60,166 | $6.30M | 0.03% | +26,418+78.3% | Added |
| Sumitomo Mitsui DS Asset Management Company, Ltd | 59,439 | $6.22M | 0.06% | +10,036+20.3% | Added |
| STRS Ohio | 58,099 | $6.08M | 0.02% | 00.0% | Unchanged |
| CastleKnight Management LP | 56,700 | $5.93M | 0.39% | +50,700+845.0% | Added |
| Hel Ved Capital Management Ltd | 56,537 | $5.92M | 2.66% | +56,537 | New |
| DnB Asset Management AS | 55,801 | $5.84M | 0.02% | +4,761+9.3% | Added |
| Van Eck Associates Corp | 53,903 | $5.64M | 0.01% | +5,838+12.1% | Added |
| Bamco Inc | 53,743 | $5.62M | 0.02% | −9,911−15.6% | Reduced |
| Siren, L.L.C. | 52,901 | $5.54M | 0.29% | 00.0% | Unchanged |
| Swiss Life Asset Management Ltd | 52,450 | $5.49M | 0.03% | +31,644+152.1% | Added |
| Union Bancaire Privee, UBP SA | 56,727 | $5.40M | 0.09% | +9,751+20.8% | Added |
| Ensign Peak Advisors, Inc | 51,350 | $5.37M | 0.01% | −8,550−14.3% | Reduced |
| Comgest Global Investors S.A.S. | 50,947 | $5.33M | 0.09% | +8,259+19.3% | Added |
| Maxi Investments CY Ltd | 50,000 | $5.23M | 0.87% | +8,515+20.5% | Added |
| Prudential Financial Inc | 49,506 | $5.18M | 0.01% | −20,400−29.2% | Reduced |
| Pacer Advisors, Inc. | 49,204 | $5.15M | 0.01% | +16,728+51.5% | Added |
| Toronto Dominion Bank | 49,038 | $5.13M | 0.01% | +18,301+59.5% | Added |
| Louisiana State Employees Retirement System | 48,800 | $5.11M | 0.09% | 00.0% | Unchanged |
| Seldon Capital LP | 48,226 | $5.05M | 2.19% | 00.0% | Unchanged |
| Amiral Gestion | 48,000 | $5.02M | 2.17% | −11,500−19.3% | Reduced |
| Alliancebernstein L.P. | 47,856 | $5.01M | 0.00% | +25,517+114.2% | Added |
| CIBC World Markets Corp | 47,573 | $4.98M | 0.03% | +47,573 | New |
| Los Angeles Capital Management LLC | 44,412 | $4.65M | 0.02% | −22,954−34.1% | Reduced |
| LMR Partners LLP | 42,473 | $4.45M | 0.07% | +12,063+39.7% | Added |
| Jump Financial, LLC | 42,115 | $4.41M | 0.05% | +38,893+1,207.1% | Added |
| Quantinno Capital Management LP | 39,926 | $4.18M | 0.02% | +530+1.3% | Added |
| Leonteq Securities AG | 39,900 | $4.18M | 0.25% | +16,846+73.1% | Added |
| O'Shaughnessy Asset Management, LLC | 39,685 | $4.15M | 0.03% | −9,100−18.7% | Reduced |
| Millennium Management LLC | 39,456 | $4.13M | 0.00% | +3,138+8.6% | Added |
| B. Metzler seel. Sohn & Co. AG | 39,303 | $4.11M | 0.04% | −9,829−20.0% | Reduced |
| Myriad Asset Management US LP | 38,627 | $4.04M | 2.68% | +637+1.7% | Added |
| Virtus Family Office LLC | 38,578 | $4.04M | 5.17% | −3,730−8.8% | Reduced |
| Vontobel Holding Ltd. | 38,348 | $4.01M | 0.01% | −81,493−68.0% | Reduced |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 37,833 | $3.96M | 0.02% | +28,773+317.6% | Added |
| Virginia Retirement Systems Et Al | 37,600 | $3.94M | 0.03% | −16,700−30.8% | Reduced |
| LPL Financial LLC | 36,990 | $3.87M | 0.00% | +8,489+29.8% | Added |
| AI-Squared Management Ltd | 36,900 | $3.86M | 17.42% | +36,900 | New |
| Raymond James Financial Inc | 36,478 | $3.82M | 0.00% | −2,640−6.7% | Reduced |
| AustralianSuper Pty Ltd | 34,990 | $3.66M | 0.02% | +10,309+41.8% | Added |
| Shell Asset Management Co | 34,589 | $3.62M | 0.13% | +869+2.6% | Added |
| Maytus Capital Management, LLC | 34,500 | $3.61M | 0.67% | +11,166+47.9% | Added |
| Varma Mutual Pension Insurance Co | 34,000 | $3.56M | 0.03% | −37,300−52.3% | Reduced |
| Schonfeld Strategic Advisors LLC | 34,000 | $3.56M | 0.03% | +10,166+42.7% | Added |
| Gulf International Bank (UK) Ltd | 33,871 | $3.54M | 0.13% | −5,045−13.0% | Reduced |
| Edmond de Rothschild Holding S.A. | 32,533 | $3.40M | 0.05% | +6,317+24.1% | Added |
| Keystone Investors Pte Ltd | 31,515 | $3.30M | 0.68% | +28,615+986.7% | Added |
| Fairtree Asset Management (Pty) Ltd | 31,168 | $3.26M | 2.46% | −23,665−43.2% | Reduced |
| Ssa Swiss Advisors AG | 27,445 | $3.25M | 1.57% | +27,445 | New |
| Freemont Capital Pte Ltd | 31,000 | $3.24M | 0.07% | +5,000+19.2% | Added |
| Alps Advisors Inc | 30,781 | $3.22M | 0.02% | +6,318+25.8% | Added |
| Federation des caisses Desjardins du Quebec | 29,808 | $3.12M | 0.01% | +3,717+14.2% | Added |
| GAM Holding AG | 29,196 | $3.06M | 0.21% | +29,196 | New |
| Creative Planning | 28,819 | $3.02M | 0.00% | −7,987−21.7% | Reduced |
| Capital International Sarl | 28,156 | $2.95M | 0.06% | +14,428+105.1% | Added |
| M&T Bank Corp | 28,150 | $2.95M | 0.01% | +970+3.6% | Added |
| IFM Investors Pty Ltd | 27,776 | $2.91M | 0.03% | 00.0% | Unchanged |
| Crossmark Global Holdings, Inc. | 27,475 | $2.88M | 0.05% | +4,965+22.1% | Added |
| Mawer Investment Management Ltd. | 27,000 | $2.83M | 0.01% | 00.0% | Unchanged |
| Eisler Capital Management Ltd. | 26,517 | $2.78M | 0.10% | +11,198+73.1% | Added |
| Nipun Capital, L.P. | 26,000 | $2.72M | 1.48% | −14,800−36.3% | Reduced |
| ABS Direct Equity Fund LLC | 24,099 | $2.52M | 4.01% | −30,501−55.9% | Reduced |
| Group One Trading, L.P. | 23,527 | $2.46M | 0.08% | +23,527 | New |
| Mariner, LLC | 22,784 | $2.38M | 0.00% | +3,457+17.9% | Added |
| Veritas Asset Management LLP | 22,506 | $2.36M | 0.02% | 00.0% | Unchanged |
| Avenir Tech Ltd | 22,000 | $2.30M | 0.20% | +22,000 | New |
| Ameritas Investment Partners, Inc. | 21,850 | $2.29M | 0.07% | 00.0% | Unchanged |
| Grafton Street Partners Fund, LP | 21,705 | $2.27M | 1.43% | −17,395−44.5% | Reduced |
| Kames Capital plc | 21,300 | $2.23M | 0.03% | +21,300 | New |
| Envestnet Asset Management Inc | 20,559 | $2.15M | 0.00% | +1,186+6.1% | Added |
| Trivest Advisors Ltd | 19,700 | $2.06M | 0.08% | −1,313,000−98.5% | Reduced |
| Cerity Partners LLC | 19,696 | $2.06M | 0.00% | +382+2.0% | Added |
| Norinchukin Bank, The | 19,579 | $2.05M | 0.03% | +1,660+9.3% | Added |
| Parametrica Management Ltd | 19,230 | $2.01M | 3.74% | −6,870−26.3% | Reduced |
| Yousif Capital Management, LLC | 18,501 | $1.94M | 0.02% | −15,641−45.8% | Reduced |
| Qtron Investments LLC | 18,143 | $1.90M | 0.24% | +502+2.8% | Added |
| Intech Investment Management LLC | 17,975 | $1.88M | 0.02% | +3,085+20.7% | Added |
| Garda Capital Partners LP | 17,542 | $1.84M | 0.52% | −10,309−37.0% | Reduced |
| Sig Brokerage, LP | 16,675 | $1.75M | 0.48% | +16,675 | New |
| Private Advisor Group, LLC | 16,665 | $1.74M | 0.01% | −827−4.7% | Reduced |
| Advisory Services Network, LLC | 15,356 | $1.74M | 0.03% | −2,538−14.2% | Reduced |
| Henry James International Management, Inc. | 16,178 | $1.69M | 0.56% | +10+0.1% | Added |
| State of New Jersey Common Pension Fund D | 15,813 | $1.65M | 0.01% | −6,972−30.6% | Reduced |
| JustInvest LLC | 15,533 | $1.63M | 0.02% | +2,546+19.6% | Added |
| Allianz SE | 15,274 | $1.60M | 0.04% | −10,990−41.8% | Reduced |
| China Universal Asset Management Co., Ltd. | 15,165 | $1.59M | 0.15% | −1,687−10.0% | Reduced |
| NewEdge Wealth, LLC | 13,854 | $1.58M | 0.02% | −5,537−28.6% | Reduced |