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 |
|---|---|---|---|---|---|
| Banco Santander, S.A. | 15,082 | $1.58M | 0.01% | +6,820+82.5% | Added |
| Kamunting Street Capital Management, L.P. | 15,000 | $1.57M | 1.28% | 00.0% | Unchanged |
| BI Asset Management Fondsmaeglerselskab A/S | 14,761 | $1.54M | 0.02% | −1,984−11.8% | Reduced |
| Solstein Capital, LLC | 14,699 | $1.54M | 0.79% | 00.0% | Unchanged |
| ING Groep NV | 14,608 | $1.53M | 0.01% | +14,608 | New |
| HighTower Advisors, LLC | 14,589 | $1.53M | 0.00% | −2,806−16.1% | Reduced |
| QRG Capital Management, Inc. | 14,119 | $1.48M | 0.01% | −650−4.4% | Reduced |
| Morningstar Investment Management LLC | 14,071 | $1.47M | 0.13% | +14,071 | New |
| Northwestern Mutual Wealth Management Co | 13,947 | $1.46M | 0.00% | −78−0.6% | Reduced |
| Howard Capital Management Inc. | 13,797 | $1.44M | 0.02% | +1,251+10.0% | Added |
| HAP Trading, LLC | 13,332 | $1.40M | 0.61% | −30,904−69.9% | Reduced |
| Integrated Quantitative Investments LLC | 13,280 | $1.39M | 0.41% | 00.0% | Unchanged |
| Comprehensive Financial Management LLC | 13,125 | $1.37M | 0.04% | +13,125 | New |
| Allspring Global Investments Holdings, LLC | 12,461 | $1.31M | 0.00% | −31,751−71.8% | Reduced |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 12,449 | $1.30M | 0.00% | −46,122−78.7% | Reduced |
| Global Endowment Management, LP | 12,337 | $1.29M | 0.17% | +8,302+205.7% | Added |
| Cigna Investments Inc | 12,241 | $1.28M | 0.22% | −841−6.4% | Reduced |
| Walleye Capital LLC | 12,196 | $1.28M | 0.01% | −15,154−55.4% | Reduced |
| Horizon Investments, LLC | 11,985 | $1.25M | 0.02% | +11,985 | New |
| Vise Technologies, Inc. | 11,984 | $1.25M | 0.05% | +11,984 | New |
| Wahed Invest LLC | 11,871 | $1.24M | 0.19% | −281−2.3% | Reduced |
| Polymer Capital Management (US) LLC | 11,800 | $1.23M | 0.20% | +11,800 | New |
| Advisor Group Holdings, Inc. | 11,707 | $1.23M | 0.00% | −1,091−8.5% | Reduced |
| Colony Group, LLC | 11,678 | $1.22M | 0.00% | +1,739+17.5% | Added |
| Farther Finance Advisors, LLC | 11,653 | $1.22M | 0.02% | +8,408+259.1% | Added |
| Northwest & Ethical Investments L.P. | 11,576 | $1.21M | 0.03% | 00.0% | Unchanged |
| State of Wisconsin Investment Board | 11,396 | $1.19M | 0.00% | +353+3.2% | Added |
| Ritholtz Wealth Management | 11,329 | $1.19M | 0.03% | −2,012−15.1% | Reduced |
| Brinker Capital Investments, LLC | 10,857 | $1.14M | 0.01% | −1,312−10.8% | Reduced |
| Vident Advisory, LLC | 10,808 | $1.13M | 0.01% | +699+6.9% | Added |
| Sicart Associates LLC | 10,700 | $1.12M | 0.39% | 00.0% | Unchanged |
| Bank of Nova Scotia | 10,638 | $1.11M | 0.00% | +10,638 | New |
| Wetherby Asset Management Inc | 10,600 | $1.11M | 0.05% | +10,600 | New |
| GWM Advisors LLC | 10,501 | $1.10M | 0.01% | −7,172−40.6% | Reduced |
| Danske Bank A/S | 10,112 | $1.06M | 0.00% | −4,900−32.6% | Reduced |
| Penserra Capital Management LLC | 10,077 | $1.05M | 0.01% | −229,594−95.8% | Reduced |
| Anson Funds Management LP | 10,000 | $1.05M | 0.19% | +10,000 | New |
| Quadrant Capital Group LLC | 9,868 | $1.03M | 0.04% | +1,746+21.5% | Added |
| Pathstone Holdings, LLC | 9,855 | $1.03M | 0.00% | −4,481−31.3% | Reduced |
| Maven Securities LTD | 9,784 | $1.02M | 0.27% | +2,561+35.5% | Added |
| J. Safra Sarasin Holding AG | 9,693 | $1.01M | 0.02% | −58,008−85.7% | Reduced |
| RD Finance Ltd | 9,350 | $979.0K | 1.28% | 00.0% | Unchanged |
| Hudson Bay Capital Management LP | 9,200 | $962.9K | 0.01% | −395,940−97.7% | Reduced |
| Truist Financial Corp | 8,924 | $934.0K | 0.00% | +84+1.0% | Added |
| US Bancorp | 8,574 | $897.4K | 0.00% | −1,643−16.1% | Reduced |
| Sanctuary Advisors, LLC | 8,457 | $885.1K | 0.01% | −6,389−43.0% | Reduced |
| ICICI Prudential Asset Management Co Ltd | 8,371 | $876.1K | 0.11% | −196−2.3% | Reduced |
| Dark Forest Capital Management LP | 8,305 | $869.2K | 0.03% | +8,305 | New |
| AE Wealth Management LLC | 8,213 | $859.6K | 0.01% | +2,004+32.3% | Added |
| SIH Partners, LLLP | 8,204 | $858.6K | 0.08% | −28,509−77.7% | Reduced |
| Signaturefd, LLC | 7,985 | $835.7K | 0.01% | −972−10.9% | Reduced |
| Hennion & Walsh Asset Management, Inc. | 7,981 | $835.3K | 0.03% | −87−1.1% | Reduced |
| CI Private Wealth, LLC | 7,890 | $825.8K | 0.00% | −102−1.3% | Reduced |
| Cetera Investment Advisers | 7,838 | $820.3K | 0.00% | −3,239−29.2% | Reduced |
| Two Sigma Securities, LLC | 7,684 | $804.2K | 0.10% | +7,684 | New |
| Skopos Labs, Inc. | 7,476 | $782.3K | 0.10% | +788+11.8% | Added |
| CIBC World Markets Inc. | 7,463 | $781.1K | 0.00% | +3,173+74.0% | Added |
| Boothbay Fund Management, LLC | 7,302 | $764.2K | 0.02% | −4,883−40.1% | Reduced |
| Oberweis Asset Management Inc | 7,000 | $732.6K | 0.03% | −2,000−22.2% | Reduced |
| Flow Traders U.S. LLC | 6,988 | $731.0K | 0.03% | +6,988 | New |
| Pinebridge Investments, L.P. | 6,830 | $714.8K | 0.01% | −146,503−95.5% | Reduced |
| Kovitz Investment Group Partners, LLC | 6,791 | $710.7K | 0.00% | +1,006+17.4% | Added |
| Banco Bilbao Vizcaya Argentaria, S.A. | 6,820 | $703.6K | 0.01% | −1,826−21.1% | Reduced |
| STF Management LP | 6,707 | $702.0K | 0.28% | +336+5.3% | Added |
| Tower Research Capital LLC (TRC) | 6,634 | $694.3K | 0.02% | −4,179−38.6% | Reduced |
| DRW Securities, LLC | 6,541 | $688.2K | 0.05% | +3,857+143.7% | Added |
| Ieq Capital, LLC | 6,426 | $672.5K | 0.00% | −593−8.4% | Reduced |
| Turn8 Private Wealth Inc. | 24,421 | $658.1K | 0.48% | +24,421 | New |
| Credit Industriel Et Commercial | 6,146 | $643.2K | 0.10% | +4,819+363.1% | Added |
| Sava Infond d.o.o. | 6,100 | $638.4K | 0.10% | −1,200−16.4% | Reduced |
| Johnson Investment Counsel Inc | 6,099 | $638.3K | 0.01% | 00.0% | Unchanged |
| Mangrove Partners | 6,064 | $634.7K | 0.07% | +6,064 | New |
| StepStone Group LP | 7,032 | $625.8K | 1.24% | +7,032 | New |
| Royal Fund Management, LLC | 5,835 | $610.7K | 0.07% | −200−3.3% | Reduced |
| Commonwealth Equity Services, LLC | 5,710 | $598.0K | 0.00% | −13,873−70.8% | Reduced |
| Commons Capital, LLC | 5,600 | $586.1K | 0.45% | 00.0% | Unchanged |
| Mercer Global Advisors Inc | 5,548 | $580.7K | 0.00% | −757−12.0% | Reduced |
| Newlands Management Operations LLC | 5,438 | $569.1K | 0.00% | 00.0% | Unchanged |
| Atomi Financial Group, Inc. | 5,387 | $563.8K | 0.02% | −2,664−33.1% | Reduced |
| 111 Capital | 5,200 | $544.2K | 0.09% | −20−0.4% | Reduced |
| Advisors Asset Management, Inc. | 5,175 | $541.6K | 0.01% | −104−2.0% | Reduced |
| WT Asset Management Ltd | 5,000 | $523.3K | 0.04% | −434,250−98.9% | Reduced |
| Bailard, Inc. | 5,000 | $523.3K | 0.01% | −2,000−28.6% | Reduced |
| The PNC Financial Services Group, Inc. | 4,972 | $520.4K | 0.00% | +869+21.2% | Added |
| Edgestream Partners, L.P. | 4,966 | $519.7K | 0.01% | +4,966 | New |
| Sequoia Financial Advisors, LLC | 4,878 | $510.5K | 0.00% | −172−3.4% | Reduced |
| Merit Financial Group, LLC | 4,645 | $486.1K | 0.01% | +134+3.0% | Added |
| Cardiff Park Advisors, LLC | 4,556 | $476.8K | 0.04% | 00.0% | Unchanged |
| SBI Securities Co., Ltd. | 4,329 | $453.1K | 0.01% | +495+12.9% | Added |
| Keel Point, LLC | 4,265 | $446.4K | 0.03% | +4,265 | New |
| Capstone Investment Advisors, LLC | 4,134 | $432.7K | 0.00% | +1,779+75.5% | Added |
| Checchi Capital Advisers, LLC | 4,131 | $432.4K | 0.03% | +280+7.3% | Added |
| Hantz Financial Services, Inc. | 4,114 | $429.0K | 0.01% | +3,635+758.9% | Added |
| Pitcairn Co | 4,071 | $426.1K | 0.03% | −488−10.7% | Reduced |
| Commerce Bank | 4,033 | $422.1K | 0.00% | +5+0.1% | Added |
| Luxor Capital Group, LP | 4,000 | $418.6K | 0.05% | −168,570−97.7% | Reduced |
| Robertson Stephens Wealth Management, LLC | 4,000 | $418.6K | 0.01% | 00.0% | Unchanged |
| Tounjian Advisory Partners, LLC | 3,502 | $414.5K | 0.08% | −52−1.5% | Reduced |
| Lavaca Capital LLC | 3,958 | $414.2K | 0.17% | +3,189+414.7% | Added |
| West Family Investments, Inc. | 3,916 | $409.8K | 0.11% | +882+29.1% | Added |