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
- 560
- +29 vs. Q2 2025
- Shares held
- 408.5M
- +11.3M (+2.8%) vs. Q2 2025
- Total value
- $53.9B
- +$12.4B (+29.8%) vs. Q2 2025
- New holders
- 93
- 220 more added
- Sold out
- 64
- 177 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 | 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, 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 |
|---|---|---|---|---|---|
| Hudson Bay Capital Management LP | 9,186 | $1.21M | 0.01% | −14−0.2% | Reduced |
| RD Finance Ltd | 9,328 | $1.23M | 1.32% | −22−0.2% | Reduced |
| Penserra Capital Management LLC | 9,571 | $1.26M | 0.02% | −506−5.0% | Reduced |
| State of Wyoming | 9,620 | $1.27M | 0.14% | +9,620 | New |
| Prelude Capital Management, LLC | 9,850 | $1.30M | 0.10% | +9,850 | New |
| ICICI Prudential Asset Management Co Ltd | 10,257 | $1.36M | 0.14% | +1,886+22.5% | Added |
| Advisor Group Holdings, Inc. | 10,736 | $1.36M | 0.00% | −971−8.3% | Reduced |
| Pathstone Holdings, LLC | 10,454 | $1.38M | 0.01% | +599+6.1% | Added |
| Wetherby Asset Management Inc | 10,622 | $1.40M | 0.06% | +22+0.2% | Added |
| Sicart Associates LLC | 10,700 | $1.41M | 0.38% | 00.0% | Unchanged |
| QRG Capital Management, Inc. | 10,827 | $1.43M | 0.02% | −3,292−23.3% | Reduced |
| Cetera Investment Advisers | 11,065 | $1.46M | 0.00% | +3,227+41.2% | Added |
| Farther Finance Advisors, LLC | 11,479 | $1.52M | 0.02% | −174−1.5% | Reduced |
| Boothbay Fund Management, LLC | 11,651 | $1.54M | 0.04% | +4,349+59.6% | Added |
| Allspring Global Investments Holdings, LLC | 11,605 | $1.56M | 0.00% | −856−6.9% | Reduced |
| Newlands Management Operations LLC | 12,050 | $1.59M | 0.01% | +6,612+121.6% | Added |
| AE Wealth Management LLC | 12,105 | $1.60M | 0.01% | +3,892+47.4% | Added |
| Ritholtz Wealth Management | 12,331 | $1.63M | 0.03% | +1,002+8.8% | Added |
| Ieq Capital, LLC | 12,496 | $1.65M | 0.01% | +6,070+94.5% | Added |
| united american securities inc. (d/b/a uas asset management) | 12,500 | $1.65M | 0.35% | +12,500 | New |
| Cigna Investments Inc | 12,683 | $1.68M | 0.24% | +442+3.6% | Added |
| Horizon Investments, LLC | 12,768 | $1.69M | 0.02% | +783+6.5% | Added |
| HighTower Advisors, LLC | 12,924 | $1.71M | 0.00% | −1,665−11.4% | Reduced |
| State of Wisconsin Investment Board | 13,037 | $1.72M | 0.00% | +1,641+14.4% | Added |
| Banco Santander, S.A. | 13,059 | $1.73M | 0.02% | −2,023−13.4% | Reduced |
| Northwest & Ethical Investments L.P. | 13,166 | $1.74M | 0.04% | +1,590+13.7% | Added |
| Howard Capital Management Inc. | 13,639 | $1.80M | 0.02% | −158−1.1% | Reduced |
| Colony Group, LLC | 13,744 | $1.82M | 0.00% | +2,066+17.7% | Added |
| Wahed Invest LLC | 13,812 | $1.83M | 0.25% | +1,941+16.4% | Added |
| Johns Hopkins University | 14,088 | $1.86M | 0.10% | +14,088 | New |
| Fairtree Asset Management (Pty) Ltd | 14,439 | $1.91M | 1.25% | −16,729−53.7% | Reduced |
| Northwestern Mutual Wealth Management Co | 14,628 | $1.93M | 0.00% | +681+4.9% | Added |
| Solstein Capital, LLC | 14,699 | $1.94M | 0.89% | 00.0% | Unchanged |
| Man Group plc | 14,781 | $1.95M | 0.00% | −54,769−78.7% | Reduced |
| PKO Investment Management Joint-Stock Co | 15,000 | $1.98M | 0.17% | +15,000 | New |
| Vise Technologies, Inc. | 15,222 | $2.01M | 0.07% | +3,238+27.0% | Added |
| Texas Yale Capital Corp. | 15,363 | $2.03M | 0.06% | +15,363 | New |
| Advisory Services Network, LLC | 15,458 | $2.04M | 0.03% | +102+0.7% | Added |
| NewEdge Wealth, LLC | 15,048 | $2.05M | 0.03% | +1,194+8.6% | Added |
| Private Advisor Group, LLC | 16,034 | $2.12M | 0.01% | −631−3.8% | Reduced |
| Henry James International Management, Inc. | 16,178 | $2.14M | 0.65% | 00.0% | Unchanged |
| Headlands Technologies LLC | 16,890 | $2.23M | 0.18% | +16,890 | New |
| Nipun Capital, L.P. | 16,900 | $2.28M | 1.44% | −9,100−35.0% | Reduced |
| Alberta Investment Management Corp | 17,300 | $2.29M | 0.02% | −57,700−76.9% | Reduced |
| HAP Trading, LLC | 17,792 | $2.35M | 0.65% | +17,792 | New |
| JustInvest LLC | 17,909 | $2.37M | 0.02% | +2,376+15.3% | Added |
| Investment House LLC | 17,913 | $2.37M | 0.11% | +17,913 | New |
| Maytus Capital Management, LLC | 18,000 | $2.38M | 0.51% | −16,500−47.8% | Reduced |
| Clough Capital Partners L P | 18,150 | $2.40M | 0.21% | −59,920−76.8% | Reduced |
| Yousif Capital Management, LLC | 18,501 | $2.45M | 0.03% | 00.0% | Unchanged |
| Boston Partners | 18,697 | $2.47M | 0.00% | +18,697 | New |
| Envestnet Asset Management Inc | 18,835 | $2.49M | 0.00% | −1,724−8.4% | Reduced |
| Parametrica Management Ltd | 19,230 | $2.54M | 3.94% | 00.0% | Unchanged |
| Jump Financial, LLC | 19,685 | $2.60M | 0.03% | −22,430−53.3% | Reduced |
| Los Angeles Capital Management LLC | 19,721 | $2.61M | 0.01% | −24,691−55.6% | Reduced |
| Cerity Partners LLC | 20,221 | $2.67M | 0.00% | +525+2.7% | Added |
| Intech Investment Management LLC | 20,230 | $2.67M | 0.02% | +2,255+12.5% | Added |
| Vident Advisory, LLC | 21,037 | $2.78M | 0.03% | +10,229+94.6% | Added |
| Campbell & CO Investment Adviser LLC | 21,108 | $2.79M | 0.21% | +21,108 | New |
| Woodline Partners LP | 21,204 | $2.80M | 0.01% | +21,204 | New |
| Norinchukin Bank, The | 21,236 | $2.81M | 0.04% | +1,657+8.5% | Added |
| Quadrant Capital Group LLC | 21,236 | $2.81M | 0.09% | +11,368+115.2% | Added |
| Myriad Asset Management US LP | 21,535 | $2.85M | 1.55% | −17,092−44.2% | Reduced |
| Persistent Asset Partners Ltd | 21,855 | $2.89M | 2.09% | +21,855 | New |
| Mariner, LLC | 21,927 | $2.90M | 0.00% | −857−3.8% | Reduced |
| Jupiter Asset Management Ltd | 22,000 | $2.91M | 0.02% | +22,000 | New |
| Saba Capital Management, L.P. | 22,139 | $2.93M | 0.10% | +22,139 | New |
| Ameritas Investment Partners, Inc. | 22,276 | $2.94M | 0.09% | +426+1.9% | Added |
| Veritas Asset Management LLP | 22,506 | $2.97M | 0.03% | 00.0% | Unchanged |
| Qtron Investments LLC | 23,322 | $3.08M | 0.38% | +5,179+28.5% | Added |
| Hantz Financial Services, Inc. | 23,594 | $3.12M | 0.05% | +19,480+473.5% | Added |
| Turn8 Private Wealth Inc. | 24,446 | $3.23M | 2.32% | +25+0.1% | Added |
| CIBC Bancorp USA Inc. | 24,455 | $3.23M | 0.02% | +24,455 | New |
| Crossmark Global Holdings, Inc. | 25,228 | $3.33M | 0.05% | −2,247−8.2% | Reduced |
| PEAK6 LLC | 25,527 | $3.37M | 0.08% | −311,083−92.4% | Reduced |
| Capital International Sarl | 25,806 | $3.41M | 0.06% | −2,350−8.3% | Reduced |
| Kepler Cheuvreux (Suisse) SA | 25,922 | $3.43M | 0.18% | +25,922 | New |
| Shell Asset Management Co | 26,705 | $3.53M | 0.35% | −7,884−22.8% | Reduced |
| Leonteq Securities AG | 26,871 | $3.55M | 0.19% | −13,029−32.7% | Reduced |
| Ssa Swiss Advisors AG | 27,445 | $3.58M | 1.66% | 00.0% | Unchanged |
| Gunderson Capital Management Inc. | 27,180 | $3.59M | 1.32% | +25,236+1,298.1% | Added |
| B. Metzler seel. Sohn & Co. AG | 27,263 | $3.60M | 0.03% | −12,040−30.6% | Reduced |
| China Universal Asset Management Co., Ltd. | 28,357 | $3.75M | 0.31% | +13,192+87.0% | Added |
| Dymon Asia Capital (Singapore) Pte. Ltd. | 28,795 | $3.81M | 1.53% | +28,795 | New |
| Banco BTG Pactual S.A. | 29,332 | $3.88M | 0.57% | +29,332 | New |
| Alps Advisors Inc | 29,998 | $3.96M | 0.02% | −783−2.5% | Reduced |
| Natixis | 30,457 | $4.03M | 0.02% | −29,709−49.4% | Reduced |
| Wolverine Trading, LLC | 31,490 | $4.11M | 0.08% | −55,599−63.8% | Reduced |
| GTS Securities LLC | 31,587 | $4.17M | 0.16% | +31,587 | New |
| Optimas Capital Ltd | 32,549 | $4.30M | 2.72% | +32,549 | New |
| Federation des caisses Desjardins du Quebec | 32,584 | $4.31M | 0.02% | +2,776+9.3% | Added |
| Edmond de Rothschild Holding S.A. | 33,163 | $4.38M | 0.07% | +630+1.9% | Added |
| Gulf International Bank (UK) Ltd | 33,871 | $4.48M | 0.15% | 00.0% | Unchanged |
| Varma Mutual Pension Insurance Co | 34,000 | $4.49M | 0.03% | 00.0% | Unchanged |
| Mawer Investment Management Ltd. | 34,400 | $4.55M | 0.02% | +7,400+27.4% | Added |
| Toronto Dominion Bank | 34,412 | $4.55M | 0.01% | −14,626−29.8% | Reduced |
| All-Stars Investment Ltd | 35,000 | $4.63M | 1.41% | −25,500−42.1% | Reduced |
| Freemont Capital Pte Ltd | 35,000 | $4.63M | 0.10% | +4,000+12.9% | Added |
| Ensign Peak Advisors, Inc | 36,200 | $4.78M | 0.01% | −15,150−29.5% | Reduced |
| SIH Partners, LLLP | 36,200 | $4.78M | 0.42% | +27,996+341.2% | Added |