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, Q3 2025
Institutional positions in PDD Holdings Inc. as of Sep 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
- 559
- +28 vs. Q2 2025
- Shares held
- 408.4M
- +11.2M (+2.8%) vs. Q2 2025
- Total value
- $53.9B
- +$12.4B (+29.7%) vs. Q2 2025
- New holders
- 93
- 220 more added
- Sold out
- 65
- 176 more reduced
6 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q2 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 | 559 | $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, Q3 2025
Shares, value and share of portfolio for each institution holding PDD Holdings Inc.; share changes are against Q2 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| BlackRock, Inc. | 35,843,251 | $4.74B | 0.08% | +2,544,510+7.6% | Added |
| Vanguard Group Inc | 32,384,722 | $4.28B | 0.06% | +348,997+1.1% | Added |
| Baillie Gifford & Co | 31,799,003 | $4.20B | 3.11% | −2,573,709−7.5% | Reduced |
| FMR LLC | 17,319,713 | $2.29B | 0.12% | +2,386,648+16.0% | Added |
| State Street Corp | 12,103,482 | $1.60B | 0.06% | +374,909+3.2% | Added |
| SC China Holding Ltd | 11,348,426 | $1.48B | 77.21% | −2,247,569−16.5% | Reduced |
| Goldman Sachs Group Inc | 10,051,279 | $1.33B | 0.19% | −80,497−0.8% | Reduced |
| SC US (TTGP), Ltd. | 8,841,576 | $1.17B | 7.21% | −1,751,059−16.5% | Reduced |
| HHLR Advisors, Ltd.SuperinvestorHHLR Advisors (Hillhouse) | 8,592,600 | $1.14B | 27.76% | +1,615,796+23.2% | Added |
| H&H International Investment, LLCSuperinvestorH&H International Investment | 8,574,194 | $1.13B | 7.72% | −88,500−1.0% | Reduced |
| HSBC Holdings PLC | 8,407,658 | $1.11B | 0.65% | +4,082,645+94.4% | Added |
| Sanders Capital, LLC | 8,133,290 | $1.07B | 1.32% | −393,320−4.6% | Reduced |
| FIL Ltd | 7,212,310 | $953.3M | 0.75% | +3,653,902+102.7% | Added |
| Morgan Stanley | 7,096,162 | $937.9M | 0.06% | −1,039,647−12.8% | Reduced |
| Orbis Allan Gray Ltd | 6,942,339 | $917.6M | 3.94% | +1,294,611+22.9% | Added |
| Geode Capital Management, LLC | 6,399,859 | $840.1M | 0.05% | +173,321+2.8% | Added |
| First Beijing Investment Ltd | 6,168,721 | $815.3M | 31.48% | +590,869+10.6% | Added |
| Krane Funds Advisors LLC | 6,139,072 | $792.4M | 22.52% | +1,247,634+25.5% | Added |
| JPMorgan Chase & Co | 5,581,827 | $737.8M | 0.05% | +831,263+17.5% | Added |
| Price T Rowe Associates Inc | 5,370,372 | $709.8M | 0.08% | +332,847+6.6% | Added |
| Invesco Ltd. | 5,278,026 | $697.6M | 0.11% | +1,315,382+33.2% | Added |
| BNP Paribas Arbitrage, SA | 5,042,763 | $666.5M | 0.52% | −421,328−7.7% | Reduced |
| Jane Street Group, LLC | 4,675,629 | $618.0M | 0.72% | +2,934,823+168.6% | Added |
| Himalaya Capital Management LLCSuperinvestorHimalaya Capital | 4,608,000 | $609.0M | 18.85% | 00.0% | Unchanged |
| Legal & General Group Plc | 4,525,500 | $598.1M | 0.13% | +55,521+1.2% | Added |
| Temasek Holdings (Private) Ltd | 4,348,247 | $574.7M | 2.00% | +2,896,293+199.5% | Added |
| Capital International Investors | 3,891,319 | $514.3M | 0.08% | +265,408+7.3% | Added |
| NetEase, Inc. | 3,555,488 | $469.9M | 94.22% | 00.0% | Unchanged |
| Dimensional Fund Advisors LP | 3,426,879 | $452.7M | 0.10% | +119,738+3.6% | Added |
| Greenwoods Asset Management Hong Kong Ltd.SuperinvestorGreenwoods Asset Management | 3,356,964 | $443.7M | 9.99% | +137,125+4.3% | Added |
| Susquehanna International Group, LLP | 3,239,227 | $428.1M | 0.63% | +2,118,467+189.0% | Added |
| Northern Trust Corp | 3,213,342 | $424.7M | 0.05% | +66,001+2.1% | Added |
| Aspex Management (HK) Ltd | 3,172,333 | $419.3M | 8.96% | +3,172,333 | New |
| Bank of America Corp | 2,737,642 | $361.8M | 0.03% | −103,939−3.7% | Reduced |
| Deutsche Bank AG | 2,703,346 | $357.3M | 0.12% | −247,068−8.4% | Reduced |
| SRS Investment Management, LLC | 2,654,394 | $350.8M | 3.82% | −1,409,987−34.7% | Reduced |
| Triata Capital Ltd | 2,544,478 | $336.3M | 39.25% | +910,150+55.7% | Added |
| Mitsubishi UFJ Trust & Banking Corp | 2,523,266 | $333.5M | 0.73% | +649,524+34.7% | Added |
| Capital Today Evergreen Fund, L.P. | 2,493,586 | $329.6M | 92.62% | 00.0% | Unchanged |
| UBS Group AG | 2,465,444 | $325.9M | 0.06% | −1,344,348−35.3% | Reduced |
| Marshall Wace, LLP | 2,354,164 | $311.1M | 0.34% | +952,623+68.0% | Added |
| Citigroup Inc | 2,163,383 | $285.9M | 0.20% | +481,451+28.6% | Added |
| IDG China Venture Capital Fund IV Associates L.P. | 1,997,996 | $264.1M | 55.43% | −632,986−24.1% | Reduced |
| Dragoneer Investment Group, LLC | 1,835,428 | $242.6M | 5.36% | −1,700,180−48.1% | Reduced |
| Appaloosa LPSuperinvestorAppaloosa | 1,800,000 | $237.9M | 3.22% | −200,000−10.0% | Reduced |
| Nuveen, LLC | 1,750,903 | $231.4M | 0.06% | +420,291+31.6% | Added |
| Bank of New York Mellon Corp | 1,738,478 | $229.8M | 0.04% | −122,053−6.6% | Reduced |
| Sumitomo Mitsui Trust Holdings, Inc. | 1,719,535 | $227.3M | 0.13% | +74,225+4.5% | Added |
| Barclays PLC | 1,685,699 | $222.8M | 0.08% | +26,318+1.6% | Added |
| Assenagon Asset Management S.A. | 1,658,082 | $219.1M | 0.32% | −5,736,129−77.6% | Reduced |
| Robeco Institutional Asset Management B.V. | 1,612,868 | $213.2M | 0.31% | +380,141+30.8% | Added |
| Swiss National Bank | 1,600,444 | $211.5M | 0.12% | +26,600+1.7% | Added |
| Point72 Hong Kong Ltd | 1,577,173 | $208.5M | 9.63% | +1,077,365+215.6% | Added |
| Prudential PLC | 1,556,903 | $205.8M | 1.51% | −61,150−3.8% | Reduced |
| Arrowstreet Capital, Limited Partnership | 1,487,766 | $196.6M | 0.12% | +1,487,766 | New |
| Schroder Investment Management Group | 1,380,013 | $182.4M | 0.14% | −937,940−40.5% | Reduced |
| Altimeter Capital Management, LPSuperinvestorAltimeter Capital | 1,371,680 | $181.3M | 2.39% | +1,371,680 | New |
| Citadel Advisors LLC | 1,344,058 | $177.6M | 0.14% | +1,040,351+342.6% | Added |
| Perseverance Asset Management International | 1,333,235 | $176.2M | 30.28% | +20,572+1.6% | Added |
| Macquarie Group Ltd | 1,267,720 | $167.6M | 0.20% | −17,200−1.3% | Reduced |
| Pictet Asset Management Holding SA | 1,263,344 | $167.0M | 0.16% | +363,104+40.3% | Added |
| Massachusetts Financial Services Co | 1,244,571 | $164.5M | 0.05% | −136,728−9.9% | Reduced |
| Standard Life Aberdeen plc | 1,228,193 | $161.8M | 0.26% | −50,473−3.9% | Reduced |
| California Public Employees Retirement System | 1,194,229 | $157.8M | 0.09% | +132,789+12.5% | Added |
| Charles Schwab Investment Management Inc | 1,193,205 | $157.7M | 0.03% | +70,430+6.3% | Added |
| Acadian Asset Management LLC | 1,105,071 | $146.0M | 0.25% | +884,162+400.2% | Added |
| Green Court Capital Management Ltd | 1,060,800 | $140.2M | 63.76% | +315,200+42.3% | Added |
| IvyRock Asset Management (HK) Ltd | 1,035,249 | $136.8M | 58.79% | −51,600−4.7% | Reduced |
| Alliancebernstein L.P. | 993,690 | $131.3M | 0.04% | +945,834+1,976.4% | Added |
| Susquehanna Advisors Group, Inc. | 954,200 | $126.1M | 3.89% | +104,200+12.3% | Added |
| American Century Companies Inc | 952,302 | $125.9M | 0.06% | +198,179+26.3% | Added |
| Great West Life Assurance Co | 908,673 | $118.7M | 0.17% | +35,058+4.0% | Added |
| Wellington Management Group LLP | 894,551 | $118.2M | 0.02% | −25,124−2.7% | Reduced |
| Royal Bank of Canada | 885,792 | $117.1M | 0.02% | +235,528+36.2% | Added |
| Russell Investments Group, Ltd. | 825,884 | $108.7M | 0.12% | +160,139+24.1% | Added |
| Mitsubishi UFJ Kokusai Asset Management Co., Ltd. | 817,939 | $108.1M | 0.08% | +61,552+8.1% | Added |
| Evergreen Quality Fund GP, Ltd. | 804,054 | $106.3M | 2.36% | +22,254+2.8% | Added |
| GF Fund Management Co. Ltd. | 793,042 | $104.8M | 1.90% | −118,044−13.0% | Reduced |
| First Trust Advisors LP | 759,737 | $100.4M | 0.07% | −423,426−35.8% | Reduced |
| WT Asset Management Ltd | 756,540 | $100.0M | 4.62% | +751,540+15,030.8% | Added |
| Cederberg Capital Ltd | 755,900 | $99.9M | 28.53% | +243,900+47.6% | Added |
| ProShare Advisors LLC | 746,065 | $98.6M | 0.21% | −198,418−21.0% | Reduced |
| Lazard Asset Management LLC | 717,956 | $94.9M | 0.13% | +67,805+10.4% | Added |
| Royal London Asset Management Ltd | 688,372 | $91.0M | 0.20% | +134,400+24.3% | Added |
| Franklin Resources Inc | 681,332 | $90.1M | 0.02% | +10,697+1.6% | Added |
| Ameriprise Financial Inc | 672,951 | $88.9M | 0.02% | +38,179+6.0% | Added |
| Aviva PLC | 652,449 | $86.2M | 0.16% | +33,630+5.4% | Added |
| Pinpoint Asset Management (Singapore) Pte. Ltd. | 619,113 | $81.8M | 15.12% | +3,977+0.6% | Added |
| Point72 Asset Management, L.P. | 614,101 | $81.2M | 0.18% | +459,036+296.0% | Added |
| National Bank of Canada | 605,690 | $80.1M | 0.09% | −1,205,447−66.6% | Reduced |
| Kora Management LP | 604,250 | $79.9M | 8.48% | +151,000+33.3% | Added |
| Charles-Lim Capital Ltd | 600,000 | $79.3M | 20.23% | +600,000 | New |
| Fisher Asset Management, LLC | 575,944 | $76.1M | 0.03% | +11,800+2.1% | Added |
| Mirae Asset Global ETFs Holdings Ltd. | 562,415 | $74.3M | 0.12% | −53,694−8.7% | Reduced |
| Polar Capital Holdings Plc | 555,898 | $73.5M | 0.35% | −18,922−3.3% | Reduced |
| Korea Investment CORP | 545,887 | $72.1M | 0.15% | −9,500−1.7% | Reduced |
| Allianz Asset Management GmbH | 542,799 | $71.7M | 0.09% | +39,296+7.8% | Added |
| Barings LLC | 539,000 | $71.2M | 1.36% | +55,513+11.5% | Added |
| Healthcare of Ontario Pension Plan Trust Fund | 520,976 | $68.9M | 0.13% | −567,739−52.1% | Reduced |
| Maple Rock Capital Partners Inc. | 518,941 | $68.6M | 2.77% | −243,600−31.9% | Reduced |