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 |
|---|---|---|---|---|---|
| Raymond James Financial Inc | 36,282 | $4.80M | 0.00% | −196−0.5% | Reduced |
| Virtus Family Office LLC | 36,652 | $4.84M | 4.53% | −1,926−5.0% | Reduced |
| Thrivent Financial for Lutherans | 36,821 | $4.87M | 0.01% | +36,821 | New |
| Integrated Quantitative Investments LLC | 37,723 | $4.99M | 1.42% | +24,443+184.1% | Added |
| Central Asset Investments & Management Holdings (HK) Ltd | 38,350 | $5.07M | 3.49% | +38,350 | New |
| Hel Ved Capital Management Ltd | 38,437 | $5.08M | 2.76% | −18,100−32.0% | Reduced |
| Quantitative Investment Management, LLC | 39,402 | $5.21M | 0.72% | +39,402 | New |
| Marathon Trading Investment Management LLC | 39,886 | $5.27M | 2.24% | +36,595+1,112.0% | Added |
| LPL Financial LLC | 40,072 | $5.30M | 0.00% | +3,082+8.3% | Added |
| Vontobel Holding Ltd. | 40,421 | $5.34M | 0.02% | +2,073+5.4% | Added |
| Cantor Fitzgerald, L. P. | 54,739 | $5.38M | 0.11% | +54,739 | New |
| AustralianSuper Pty Ltd | 41,422 | $5.47M | 0.03% | +6,432+18.4% | Added |
| Van Eck Associates Corp | 41,740 | $5.52M | 0.01% | −12,163−22.6% | Reduced |
| STRS Ohio | 41,955 | $5.55M | 0.02% | −16,144−27.8% | Reduced |
| ABS Direct Equity Fund LLC | 43,033 | $5.69M | 8.13% | +18,934+78.6% | Added |
| Siren, L.L.C. | 43,401 | $5.74M | 0.22% | −9,500−18.0% | Reduced |
| Brinker Capital Investments, LLC | 45,262 | $5.98M | 0.05% | +34,405+316.9% | Added |
| GAM Holding AG | 45,696 | $6.04M | 0.37% | +16,500+56.5% | Added |
| Pacer Advisors, Inc. | 46,524 | $6.15M | 0.02% | −2,680−5.4% | Reduced |
| UBS Oconnor LLC | 46,801 | $6.19M | 0.19% | −33,342−41.6% | Reduced |
| Louisiana State Employees Retirement System | 48,700 | $6.44M | 0.11% | −100−0.2% | Reduced |
| Creative Planning | 49,429 | $6.53M | 0.00% | +20,610+71.5% | Added |
| Seldon Capital LP | 49,476 | $6.54M | 2.30% | +1,250+2.6% | Added |
| Caption Management, LLC | 49,947 | $6.60M | 0.38% | +47,247+1,749.9% | Added |
| Union Bancaire Privee, UBP SA | 57,459 | $6.75M | 0.14% | +732+1.3% | Added |
| O'Shaughnessy Asset Management, LLC | 51,455 | $6.80M | 0.04% | +11,770+29.7% | Added |
| Y-Intercept (Hong Kong) Ltd | 52,421 | $6.93M | 0.17% | −13,666−20.7% | Reduced |
| Amiral Gestion | 53,000 | $7.01M | 2.55% | +5,000+10.4% | Added |
| Yarbrough Capital, LLC | 53,202 | $7.03M | 0.22% | −7,287−12.0% | Reduced |
| Quantinno Capital Management LP | 53,566 | $7.08M | 0.02% | +13,640+34.2% | Added |
| Schonfeld Strategic Advisors LLC | 54,041 | $7.14M | 0.05% | +20,041+58.9% | Added |
| Sumitomo Mitsui DS Asset Management Company, Ltd | 54,456 | $7.20M | 0.06% | −4,983−8.4% | Reduced |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 54,539 | $7.21M | 0.01% | +42,090+338.1% | Added |
| Prudential Financial Inc | 55,926 | $7.39M | 0.01% | +6,420+13.0% | Added |
| Comgest Global Investors S.A.S. | 56,509 | $7.47M | 0.13% | +5,562+10.9% | Added |
| CastleKnight Management LP | 56,700 | $7.49M | 0.40% | 00.0% | Unchanged |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 58,117 | $7.68M | 0.04% | +20,284+53.6% | Added |
| DnB Asset Management AS | 59,100 | $7.81M | 0.03% | +3,299+5.9% | Added |
| CMT Capital Markets Trading GmbH | 59,934 | $7.92M | 3.29% | −47,993−44.5% | Reduced |
| FACT Capital, LP | 60,926 | $8.05M | 4.19% | +60,926 | New |
| Bamco Inc | 62,386 | $8.25M | 0.02% | +8,643+16.1% | Added |
| Polen Capital Management LLC | 63,283 | $8.36M | 0.03% | −1,026−1.6% | Reduced |
| Janney Capital Management LLC | 66,675 | $8.81M | 0.55% | −2,886−4.1% | Reduced |
| Nishkama Capital, LLC | 67,162 | $8.88M | 0.80% | +67,162 | New |
| AMS Capital Ltda | 67,854 | $8.97M | 3.67% | −9,142−11.9% | Reduced |
| Shelton Capital Management | 69,280 | $9.16M | 0.20% | −6,257−8.3% | Reduced |
| Swiss Life Asset Management Ltd | 70,223 | $9.28M | 0.05% | +17,773+33.9% | Added |
| Daiwa Securities Group Inc. | 70,285 | $9.29M | 0.03% | +4,216+6.4% | Added |
| IFM Investors Pty Ltd | 72,022 | $9.36M | 0.08% | +44,246+159.3% | Added |
| Aware Super Pty Ltd as trustee of Aware Super | 73,243 | $9.68M | 0.13% | 00.0% | Unchanged |
| Capitolis Liquid Global Markets LLC | 76,000 | $10.0M | 0.08% | 00.0% | Unchanged |
| Rhumbline Advisers | 76,203 | $10.1M | 0.01% | +5,324+7.5% | Added |
| Liontrust Investment Partners LLP | 78,287 | $10.3M | 0.15% | −9,123−10.4% | Reduced |
| Nearwater Capital Markets, Ltd | 83,100 | $11.0M | 0.15% | +83,100 | New |
| Holocene Advisors, LP | 83,528 | $11.0M | 0.03% | +83,528 | New |
| New York State Common Retirement Fund | 83,646 | $11.1M | 0.01% | +3,600+4.5% | Added |
| iA Global Asset Management Inc. | 84,640 | $11.2M | 0.15% | +3,730+4.6% | Added |
| Police & Firemen's Retirement System of New Jersey | 84,823 | $11.2M | 0.09% | −90,225−51.5% | Reduced |
| Contrarius Group Holdings Ltd | 85,372 | $11.3M | 0.51% | −653−0.8% | Reduced |
| Old Mission Capital LLC | 87,981 | $11.6M | 0.42% | −85,584−49.3% | Reduced |
| Platinum Investment Management Ltd | 88,509 | $11.7M | 0.76% | 00.0% | Unchanged |
| Taikang Asset Management (Hong Kong) Co Ltd | 89,306 | $11.8M | 1.32% | −135,390−60.3% | Reduced |
| Owl Creek Asset Management, L.P. | 89,732 | $11.9M | 1.35% | +89,732 | New |
| Profund Advisors LLC | 92,506 | $12.2M | 0.40% | +5,824+6.7% | Added |
| Rafferty Asset Management, LLC | 94,561 | $12.5M | 0.04% | −21,817−18.7% | Reduced |
| Ci Investments Inc. | 94,767 | $12.5M | 0.05% | −431−0.5% | Reduced |
| TD Asset Management Inc | 97,816 | $12.9M | 0.01% | −11,610−10.6% | Reduced |
| Nissay Asset Management Corp | 99,606 | $13.2M | 0.07% | +2,932+3.0% | Added |
| 3G Capital Partners LP | 100,000 | $13.2M | 3.13% | −325,000−76.5% | Reduced |
| Verition Fund Management LLC | 100,311 | $13.3M | 0.08% | −18,284−15.4% | Reduced |
| Toroso Investments, LLC | 100,474 | $13.3M | 0.06% | +11,941+13.5% | Added |
| Neuberger Berman Group LLC | 101,897 | $13.5M | 0.01% | −14,842−12.7% | Reduced |
| Antipodes Partners Ltd | 101,901 | $13.5M | 0.30% | −14,922−12.8% | Reduced |
| Nomura Holdings Inc | 101,971 | $13.5M | 0.06% | −71,666−41.3% | Reduced |
| Danske Bank A/S | 107,712 | $14.2M | 0.04% | +97,600+965.2% | Added |
| Nan Fung Trinity (HK) Ltd | 108,100 | $14.3M | 1.43% | 00.0% | Unchanged |
| Himension Fund | 110,953 | $14.7M | 0.90% | +6,998+6.7% | Added |
| Rakuten Investment Management, Inc. | 138,543 | $14.9M | 0.06% | +138,543 | New |
| Blue Creek Capital Management Ltd | 116,721 | $15.4M | 18.98% | 00.0% | Unchanged |
| LMR Partners LLP | 117,082 | $15.5M | 0.20% | +74,609+175.7% | Added |
| Hidden Lake Asset Management LP | 120,847 | $16.0M | 6.38% | +120,847 | New |
| Nomura Asset Management Co Ltd | 122,853 | $16.2M | 0.04% | +7,678+6.7% | Added |
| Asset Management One Co.,Ltd. | 124,908 | $16.5M | 0.05% | +4,766+4.0% | Added |
| Panview Capital Ltd | 125,000 | $16.5M | 7.03% | −106,700−46.1% | Reduced |
| Wells Fargo & Company | 127,886 | $16.9M | 0.00% | −334−0.3% | Reduced |
| Lansforsakringar Fondforvaltning AB (publ) | 130,120 | $17.2M | 0.09% | +1,768+1.4% | Added |
| Tudor Investment Corp Et Al | 131,772 | $17.4M | 0.11% | +131,772 | New |
| Ossiam | 134,000 | $17.7M | 0.23% | 00.0% | Unchanged |
| Orland Properties Ltd | 138,835 | $18.3M | 3.92% | 00.0% | Unchanged |
| Walleye Capital LLC | 139,076 | $18.4M | 0.15% | +126,880+1,040.3% | Added |
| CIBC Asset Management Inc | 142,111 | $18.8M | 0.05% | −387−0.3% | Reduced |
| Yunqi Capital Ltd | 144,800 | $19.1M | 11.20% | +39,800+37.9% | Added |
| Headwater Capital Co Ltd | 150,000 | $19.8M | 4.85% | −50,000−25.0% | Reduced |
| Guggenheim Capital LLC | 154,896 | $20.5M | 0.15% | −3,817−2.4% | Reduced |
| Wim Investment Management Ltd | 157,968 | $20.9M | 5.31% | 00.0% | Unchanged |
| Global X Japan Co., Ltd. | 162,251 | $21.4M | 1.86% | −11,852−6.8% | Reduced |
| Millennium Management LLC | 164,254 | $21.7M | 0.02% | +124,798+316.3% | Added |
| Renaissance Technologies LLC | 164,400 | $21.7M | 0.03% | −577,600−77.8% | Reduced |
| KLP Kapitalforvaltning AS | 168,200 | $22.2M | 0.09% | +3,900+2.4% | Added |
| Candriam Luxembourg S.C.A. | 175,000 | $23.1M | 0.12% | +107,200+158.1% | Added |