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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.

Q3 2025 vs. Q2 2025

How the institutions holding PDD Holdings Inc. changed between Q2 2025 and Q3 2025.

All holders in Q3 2025All holders in Q2 2025

13F holders of PDD: Q2 2025 compared with Q3 2025
MeasureQ2 2025Of which not filed for Q3 2025Q3 2025Change
Holders5376560+29
Shares409.8M12.7M408.5M+11.3M (+2.8%)
Value$42.9B$1.33B$53.9B+$12.4B (+29.8%)

6 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so the changes leave them out.

New holders (93)

Institutions that held PDD Holdings Inc. at the end of Q3 2025 but not at the end of Q2 2025.

Institutions new to PDD in Q3 2025
InstitutionSharesValue% of portfolio
Aspex Management (HK) Ltd3,172,333$419.3M8.96%
Arrowstreet Capital, Limited Partnership1,487,766$196.6M0.12%
Altimeter Capital Management, LPSuperinvestorAltimeter Capital1,371,680$181.3M2.39%
Charles-Lim Capital Ltd600,000$79.3M20.23%
Simplex Trading, LLC463,452$61.3M1.35%
Causeway Capital Management LLC309,641$40.9M0.54%
Quadrature Capital Ltd228,754$30.2M0.36%
Centiva Capital, LP203,192$26.9M2.50%
Ardmore Road Asset Management LP200,000$26.4M1.71%
AXA Investment Managers S.A.198,948$26.3M0.07%
Tiger Pacific Capital LP187,323$24.8M6.26%
Credit Agricole S A180,642$23.9M0.08%
Tudor Investment Corp Et Al131,772$17.4M0.11%
Hidden Lake Asset Management LP120,847$16.0M6.38%
Rakuten Investment Management, Inc.138,543$14.9M0.06%
Owl Creek Asset Management, L.P.89,732$11.9M1.35%
Holocene Advisors, LP83,528$11.0M0.03%
Nearwater Capital Markets, Ltd83,100$11.0M0.15%
Nishkama Capital, LLC67,162$8.88M0.80%
FACT Capital, LP60,926$8.05M4.19%
Cantor Fitzgerald, L. P.54,739$5.38M0.11%
Quantitative Investment Management, LLC39,402$5.21M0.72%
Central Asset Investments & Management Holdings (HK) Ltd38,350$5.07M3.49%
Thrivent Financial for Lutherans36,821$4.87M0.01%
Optimas Capital Ltd32,549$4.30M2.72%
GTS Securities LLC31,587$4.17M0.16%
Banco BTG Pactual S.A.29,332$3.88M0.57%
Dymon Asia Capital (Singapore) Pte. Ltd.28,795$3.81M1.53%
Kepler Cheuvreux (Suisse) SA25,922$3.43M0.18%
CIBC Bancorp USA Inc.24,455$3.23M0.02%
Saba Capital Management, L.P.22,139$2.93M0.10%
Jupiter Asset Management Ltd22,000$2.91M0.02%
Persistent Asset Partners Ltd21,855$2.89M2.09%
Woodline Partners LP21,204$2.80M0.01%
Campbell & CO Investment Adviser LLC21,108$2.79M0.21%
Boston Partners18,697$2.47M0.00%
Investment House LLC17,913$2.37M0.11%
HAP Trading, LLC17,792$2.35M0.65%
Headlands Technologies LLC16,890$2.23M0.18%
Texas Yale Capital Corp.15,363$2.03M0.06%
PKO Investment Management Joint-Stock Co15,000$1.98M0.17%
Johns Hopkins University14,088$1.86M0.10%
united american securities inc. (d/b/a uas asset management)12,500$1.65M0.35%
Prelude Capital Management, LLC9,850$1.30M0.10%
State of Wyoming9,620$1.27M0.14%
Hershey Trust Co8,123$1.07M0.01%
Paradiem, LLC8,078$1.07M0.25%
Rockefeller Capital Management L.P.7,893$1.04M0.00%
ABN AMRO Bank N.V.7,738$1.02M0.01%
Bayesian Capital Management, LP7,500$991.3K0.20%
BOCHK Asset Management Ltd7,500$991.3K0.26%
Pathway Capital Management, LP7,197$951.2K4.68%
Omers Administration Corp7,077$935.4K0.01%
Tuttle Tactical Management6,428$849.6K3.22%
RWC Asset Management LLP6,390$844.6K0.04%
CAPROCK Group, Inc.5,603$673.6K0.02%
QVT Financial LP4,728$624.9K0.07%
National Philanthropic Trust4,526$598.2K0.01%
Flossbach Von Storch AG4,245$561.1K0.00%
Dynamic Technology Lab Private Ltd3,997$528.0K0.09%
Insigneo Advisory Services, LLC3,460$457.3K0.03%
Victory Financial Group, LLC2,815$372.1K0.05%
IFG Advisory, LLC2,737$361.8K0.02%
Blair William & Co2,491$329.3K0.00%
Ethic Inc.2,477$327.4K0.01%
Sustainable Insight Capital Management, LLC2,438$322.2K0.10%
Arista Wealth Management, LLC2,300$304.0K0.04%
Evergreen Capital Management LLC2,267$299.6K0.01%
Agf Management Ltd2,030$268.3K0.00%
MML Investors Services, LLC1,952$258.0K0.00%
Cambridge Investment Research Advisors, Inc.1,928$255.0K0.00%
Prime Capital Investment Advisors, LLC1,835$242.5K0.00%
Chung Wu Investment Group, LLC1,800$237.9K0.20%
Resonant Capital Advisors, LLC1,685$222.7K0.01%
MN Wealth Advisors, LLC1,605$212.1K0.11%
Fortis Capital Management LLC1,536$203.0K0.03%
U.S. Capital Wealth Advisors, LLC1,516$200.4K0.01%
Capula Management Ltd1,000$132.2K0.00%
Advisors Preferred, LLC940$126.3K0.02%
Wexford Capital LP331$43.8K0.01%
Wealthspire Advisors, LLC219$28.9K0.00%
Mather Group, LLC.103$13.6K0.00%
Crewe Advisors LLC46$6.08K0.00%
Root Financial Partners, LLC36$4.76K0.00%
New Age Alpha Advisors, LLC35$4.63K0.00%
Quarry LP27$3.57K0.00%
True Wealth Design, LLC22$2.91K0.00%
JPL Wealth Management, LLC21$2.78K0.00%
Bogart Wealth, LLC17$2.25K0.00%
Stone House Investment Management, LLC10$1.32K0.00%
North Star Investment Management Corp.4$5290.00%
Rossby Financial, LCC3$4030.00%
Y.D. More Investments Ltd179$710.00%

Sold out (64)

Institutions that held PDD Holdings Inc. at the end of Q2 2025 and filed for Q3 2025 without it.

Institutions that sold out of PDD in Q3 2025
InstitutionShares, Q2 2025Value, Q2 2025
UBS Asset Management Americas Inc9,239,441$967.0M
IMC-Chicago, LLC1,085,536$113.6M
Walleye Trading LLC1,033,350$108.2M
Alpine Investment Management Ltd900,000$94.2M
Yong Rong (HK) Asset Management Ltd497,900$52.1M
Think Investments LP256,200$26.8M
AXA S.A.191,012$20.0M
Public Investment Fund162,199$17.0M
Principal Financial Group Inc107,934$11.3M
Twenty Acre Capital LP81,200$8.50M
Sylebra Capital LLC64,989$6.80M
Maxi Investments CY Ltd50,000$5.23M
Virginia Retirement Systems Et Al37,600$3.94M
Keystone Investors Pte Ltd31,515$3.30M
M&T Bank Corp28,150$2.95M
Group One Trading, L.P.23,527$2.46M
Grafton Street Partners Fund, LP21,705$2.27M
Kames Capital plc21,300$2.23M
Garda Capital Partners LP17,542$1.84M
Sig Brokerage, LP16,675$1.75M
State of New Jersey Common Pension Fund D15,813$1.65M
Kamunting Street Capital Management, L.P.15,000$1.57M
Polymer Capital Management (US) LLC11,800$1.23M
Anson Funds Management LP10,000$1.05M
Maven Securities LTD9,784$1.02M
J. Safra Sarasin Holding AG9,693$1.01M
Truist Financial Corp8,924$934.0K
Dark Forest Capital Management LP8,305$869.2K
Flow Traders U.S. LLC6,988$731.0K
Kovitz Investment Group Partners, LLC6,791$710.7K
DRW Securities, LLC6,541$688.2K
Mangrove Partners6,064$634.7K
StepStone Group LP7,032$625.8K
Royal Fund Management, LLC5,835$610.7K
Luxor Capital Group, LP4,000$418.6K
Tounjian Advisory Partners, LLC3,502$414.5K
Equitable Holdings, Inc.3,725$389.9K
LGT Group Foundation3,500$366.3K
Institute for Wealth Management, LLC.2,980$311.9K
Principal Street Partners, LLC2,648$277.1K
Aspen Grove Capital, LLC2,517$263.4K
Net Worth Advisory Group2,354$246.3K
Barometer Capital Management Inc.2,300$240.7K
Sowell Financial Services LLC2,260$236.5K
Legacy Capital Group California, Inc.2,230$233.4K
Generali Asset Management SPA SGR1,700$177.9K
Leading Securities Co Ltd1,000$104.7K
Ridgewood Investments LLC449$47.0K
Robinswood Financial LLC300$31.4K
NewSquare Capital LLC148$15.5K
Sierra Ocean, LLC141$14.8K
Garde Capital, Inc.130$13.6K
Bryn Mawr Trust Co82$8.58K
Bellwether Advisors, LLC56$5.86K
Twin Peaks Wealth Advisors, LLC32$3.73K
Riggs Asset Managment Co. Inc.20$2.09K
Total Investment Management Inc13$1.36K
Mount Yale Investment Advisors, LLC13$1.36K
Proathlete Wealth Management LLC8$837
High Note Wealth, LLC5$523
Anfield Capital Management, LLC4$419
Aventura Private Wealth, LLC2$209
Clark Wealth Partners1$105
Close Asset Management Ltd270$0

Not filed for Q3 2025 yet (6)

Institutions that held PDD Holdings Inc. at the end of Q2 2025 and haven't filed a 13F for Q3 2025. Not filing isn't selling, so they aren't counted as sold out.

Institutions holding PDD in Q2 2025 that haven't filed for Q3 2025
InstitutionShares, Q2 2025Value, Q2 2025
Norges Bank9,199,172$962.8M
E Fund Management Co., Ltd.3,403,721$356.2M
CIBC World Markets Corp47,573$4.98M
HAP Trading, LLC13,332$1.40M
Hamilton Capital, LLC2,313$242.1K
Avantax Advisory Services, Inc.2,289$239.6K