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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.

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.

Institutional holdersQ3 2025: 560 institutions
Q1 2021: 442 institutionsQ2 2021: 415 institutionsQ3 2021: 396 institutionsQ4 2021: 362 institutionsQ1 2022: 353 institutionsQ2 2022: 394 institutionsQ3 2022: 411 institutionsQ4 2022: 451 institutionsQ1 2023: 468 institutionsQ2 2023: 452 institutionsQ3 2023: 473 institutionsQ4 2023: 584 institutionsQ1 2024: 577 institutionsQ2 2024: 646 institutionsQ3 2024: 602 institutionsQ4 2024: 587 institutionsQ1 2025: 584 institutionsQ2 2025: 537 institutionsQ3 2025: 560 institutionsQ4 2025: 574 institutionsQ1 2026: 568 institutionsQ2 2026: 508 institutions
Value heldQ3 2025: $53.9B
Q1 2021: $31.9BQ2 2021: $31.8BQ3 2021: $24.7BQ4 2021: $15.7BQ1 2022: $11.0BQ2 2022: $17.7BQ3 2022: $19.2BQ4 2022: $26.5BQ1 2023: $25.9BQ2 2023: $23.2BQ3 2023: $35.8BQ4 2023: $55.8BQ1 2024: $44.2BQ2 2024: $57.6BQ3 2024: $55.8BQ4 2024: $39.5BQ1 2025: $49.1BQ2 2025: $42.9BQ3 2025: $53.9BQ4 2025: $49.6BQ1 2026: $43.4BQ2 2026: $32.9B
Institutions holding PDD and their total value by quarter
QuarterHoldersValue
Q2 2026508$32.9B
Q1 2026568$43.4B
Q4 2025574$49.6B
Q3 2025560$53.9B
Q2 2025537$42.9B
Q1 2025584$49.1B
Q4 2024587$39.5B
Q3 2024602$55.8B
Q2 2024646$57.6B
Q1 2024577$44.2B
Q4 2023584$55.8B
Q3 2023473$35.8B
Q2 2023452$23.2B
Q1 2023468$25.9B
Q4 2022451$26.5B
Q3 2022411$19.2B
Q2 2022394$17.7B
Q1 2022353$11.0B
Q4 2021362$15.7B
Q3 2021396$24.7B
Q2 2021415$31.8B
Q1 2021442$31.9B

Institutions, Q3 2025

Shares, value and share of portfolio for each institution holding PDD Holdings Inc.; share changes are against Q2 2025.

Institutions holding PDD in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Aspen Grove Capital, LLC0$00.00%−2,517−100.0%Sold out
Net Worth Advisory Group0$00.00%−2,354−100.0%Sold out
Barometer Capital Management Inc.0$00.00%−2,300−100.0%Sold out
Sowell Financial Services LLC0$00.00%−2,260−100.0%Sold out
Legacy Capital Group California, Inc.0$00.00%−2,230−100.0%Sold out
Generali Asset Management SPA SGR0$00.00%−1,700−100.0%Sold out
Leading Securities Co Ltd0$00.00%−1,000−100.0%Sold out
Ridgewood Investments LLC0$00.00%−449−100.0%Sold out
Robinswood Financial LLC0$00.00%−300−100.0%Sold out
NewSquare Capital LLC0$00.00%−148−100.0%Sold out
Sierra Ocean, LLC0$00.00%−141−100.0%Sold out
Garde Capital, Inc.0$00.00%−130−100.0%Sold out
Bryn Mawr Trust Co0$00.00%−82−100.0%Sold out
Bellwether Advisors, LLC0$00.00%−56−100.0%Sold out
Twin Peaks Wealth Advisors, LLC0$00.00%−32−100.0%Sold out
Riggs Asset Managment Co. Inc.0$00.00%−20−100.0%Sold out
Total Investment Management Inc0$00.00%−13−100.0%Sold out
Mount Yale Investment Advisors, LLC0$00.00%−13−100.0%Sold out
Proathlete Wealth Management LLC0$00.00%−8−100.0%Sold out
High Note Wealth, LLC0$00.00%−5−100.0%Sold out
Anfield Capital Management, LLC0$00.00%−4−100.0%Sold out
Aventura Private Wealth, LLC0$00.00%−2−100.0%Sold out
Clark Wealth Partners0$00.00%−1−100.0%Sold out
Close Asset Management Ltd0$00.00%−270−100.0%Sold out
Norges Bank––––Not filed
E Fund Management Co., Ltd.––––Not filed
CIBC World Markets Corp––––Not filed
HAP Trading, LLC––––Not filed
Hamilton Capital, LLC––––Not filed
Avantax Advisory Services, Inc.––––Not filed