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 |
|---|---|---|---|---|---|
| Old Mission Capital LLC | 87,981 | $11.6M | 0.42% | −85,584−49.3% | Reduced |
| Contrarius Group Holdings Ltd | 85,372 | $11.3M | 0.51% | −653−0.8% | Reduced |
| Police & Firemen's Retirement System of New Jersey | 84,823 | $11.2M | 0.09% | −90,225−51.5% | Reduced |
| iA Global Asset Management Inc. | 84,640 | $11.2M | 0.15% | +3,730+4.6% | Added |
| New York State Common Retirement Fund | 83,646 | $11.1M | 0.01% | +3,600+4.5% | Added |
| Holocene Advisors, LP | 83,528 | $11.0M | 0.03% | +83,528 | New |
| Nearwater Capital Markets, Ltd | 83,100 | $11.0M | 0.15% | +83,100 | New |
| Liontrust Investment Partners LLP | 78,287 | $10.3M | 0.15% | −9,123−10.4% | Reduced |
| Rhumbline Advisers | 76,203 | $10.1M | 0.01% | +5,324+7.5% | Added |
| Capitolis Liquid Global Markets LLC | 76,000 | $10.0M | 0.08% | 00.0% | Unchanged |
| Aware Super Pty Ltd as trustee of Aware Super | 73,243 | $9.68M | 0.13% | 00.0% | Unchanged |
| IFM Investors Pty Ltd | 72,022 | $9.36M | 0.08% | +44,246+159.3% | Added |
| Daiwa Securities Group Inc. | 70,285 | $9.29M | 0.03% | +4,216+6.4% | Added |
| Swiss Life Asset Management Ltd | 70,223 | $9.28M | 0.05% | +17,773+33.9% | Added |
| Shelton Capital Management | 69,280 | $9.16M | 0.20% | −6,257−8.3% | Reduced |
| AMS Capital Ltda | 67,854 | $8.97M | 3.67% | −9,142−11.9% | Reduced |
| Nishkama Capital, LLC | 67,162 | $8.88M | 0.80% | +67,162 | New |
| Janney Capital Management LLC | 66,675 | $8.81M | 0.55% | −2,886−4.1% | Reduced |
| Polen Capital Management LLC | 63,283 | $8.36M | 0.03% | −1,026−1.6% | Reduced |
| Bamco Inc | 62,386 | $8.25M | 0.02% | +8,643+16.1% | Added |
| FACT Capital, LP | 60,926 | $8.05M | 4.19% | +60,926 | New |
| CMT Capital Markets Trading GmbH | 59,934 | $7.92M | 3.29% | −47,993−44.5% | Reduced |
| DnB Asset Management AS | 59,100 | $7.81M | 0.03% | +3,299+5.9% | Added |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 58,117 | $7.68M | 0.04% | +20,284+53.6% | Added |
| CastleKnight Management LP | 56,700 | $7.49M | 0.40% | 00.0% | Unchanged |
| Comgest Global Investors S.A.S. | 56,509 | $7.47M | 0.13% | +5,562+10.9% | Added |
| Prudential Financial Inc | 55,926 | $7.39M | 0.01% | +6,420+13.0% | Added |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 54,539 | $7.21M | 0.01% | +42,090+338.1% | Added |
| Sumitomo Mitsui DS Asset Management Company, Ltd | 54,456 | $7.20M | 0.06% | −4,983−8.4% | Reduced |
| Schonfeld Strategic Advisors LLC | 54,041 | $7.14M | 0.05% | +20,041+58.9% | Added |
| Quantinno Capital Management LP | 53,566 | $7.08M | 0.02% | +13,640+34.2% | Added |
| Yarbrough Capital, LLC | 53,202 | $7.03M | 0.22% | −7,287−12.0% | Reduced |
| Amiral Gestion | 53,000 | $7.01M | 2.55% | +5,000+10.4% | Added |
| Y-Intercept (Hong Kong) Ltd | 52,421 | $6.93M | 0.17% | −13,666−20.7% | Reduced |
| O'Shaughnessy Asset Management, LLC | 51,455 | $6.80M | 0.04% | +11,770+29.7% | Added |
| Union Bancaire Privee, UBP SA | 57,459 | $6.75M | 0.14% | +732+1.3% | Added |
| Caption Management, LLC | 49,947 | $6.60M | 0.38% | +47,247+1,749.9% | Added |
| Seldon Capital LP | 49,476 | $6.54M | 2.30% | +1,250+2.6% | Added |
| Creative Planning | 49,429 | $6.53M | 0.00% | +20,610+71.5% | Added |
| Louisiana State Employees Retirement System | 48,700 | $6.44M | 0.11% | −100−0.2% | Reduced |
| UBS Oconnor LLC | 46,801 | $6.19M | 0.19% | −33,342−41.6% | Reduced |
| Pacer Advisors, Inc. | 46,524 | $6.15M | 0.02% | −2,680−5.4% | Reduced |
| GAM Holding AG | 45,696 | $6.04M | 0.37% | +16,500+56.5% | Added |
| Brinker Capital Investments, LLC | 45,262 | $5.98M | 0.05% | +34,405+316.9% | Added |
| Siren, L.L.C. | 43,401 | $5.74M | 0.22% | −9,500−18.0% | Reduced |
| ABS Direct Equity Fund LLC | 43,033 | $5.69M | 8.13% | +18,934+78.6% | Added |
| STRS Ohio | 41,955 | $5.55M | 0.02% | −16,144−27.8% | Reduced |
| Van Eck Associates Corp | 41,740 | $5.52M | 0.01% | −12,163−22.6% | Reduced |
| AustralianSuper Pty Ltd | 41,422 | $5.47M | 0.03% | +6,432+18.4% | Added |
| Cantor Fitzgerald, L. P. | 54,739 | $5.38M | 0.11% | +54,739 | New |
| Vontobel Holding Ltd. | 40,421 | $5.34M | 0.02% | +2,073+5.4% | Added |
| LPL Financial LLC | 40,072 | $5.30M | 0.00% | +3,082+8.3% | Added |
| Marathon Trading Investment Management LLC | 39,886 | $5.27M | 2.24% | +36,595+1,112.0% | Added |
| Quantitative Investment Management, LLC | 39,402 | $5.21M | 0.72% | +39,402 | New |
| Hel Ved Capital Management Ltd | 38,437 | $5.08M | 2.76% | −18,100−32.0% | Reduced |
| Central Asset Investments & Management Holdings (HK) Ltd | 38,350 | $5.07M | 3.49% | +38,350 | New |
| Integrated Quantitative Investments LLC | 37,723 | $4.99M | 1.42% | +24,443+184.1% | Added |
| Thrivent Financial for Lutherans | 36,821 | $4.87M | 0.01% | +36,821 | New |
| Virtus Family Office LLC | 36,652 | $4.84M | 4.53% | −1,926−5.0% | Reduced |
| Raymond James Financial Inc | 36,282 | $4.80M | 0.00% | −196−0.5% | Reduced |
| 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 |
| 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 |
| Toronto Dominion Bank | 34,412 | $4.55M | 0.01% | −14,626−29.8% | Reduced |
| Mawer Investment Management Ltd. | 34,400 | $4.55M | 0.02% | +7,400+27.4% | Added |
| Varma Mutual Pension Insurance Co | 34,000 | $4.49M | 0.03% | 00.0% | Unchanged |
| Gulf International Bank (UK) Ltd | 33,871 | $4.48M | 0.15% | 00.0% | Unchanged |
| Edmond de Rothschild Holding S.A. | 33,163 | $4.38M | 0.07% | +630+1.9% | Added |
| Federation des caisses Desjardins du Quebec | 32,584 | $4.31M | 0.02% | +2,776+9.3% | Added |
| Optimas Capital Ltd | 32,549 | $4.30M | 2.72% | +32,549 | New |
| GTS Securities LLC | 31,587 | $4.17M | 0.16% | +31,587 | New |
| Wolverine Trading, LLC | 31,490 | $4.11M | 0.08% | −55,599−63.8% | Reduced |
| Natixis | 30,457 | $4.03M | 0.02% | −29,709−49.4% | Reduced |
| Alps Advisors Inc | 29,998 | $3.96M | 0.02% | −783−2.5% | Reduced |
| Banco BTG Pactual S.A. | 29,332 | $3.88M | 0.57% | +29,332 | New |
| Dymon Asia Capital (Singapore) Pte. Ltd. | 28,795 | $3.81M | 1.53% | +28,795 | New |
| China Universal Asset Management Co., Ltd. | 28,357 | $3.75M | 0.31% | +13,192+87.0% | Added |
| B. Metzler seel. Sohn & Co. AG | 27,263 | $3.60M | 0.03% | −12,040−30.6% | Reduced |
| Gunderson Capital Management Inc. | 27,180 | $3.59M | 1.32% | +25,236+1,298.1% | Added |
| Ssa Swiss Advisors AG | 27,445 | $3.58M | 1.66% | 00.0% | Unchanged |
| Leonteq Securities AG | 26,871 | $3.55M | 0.19% | −13,029−32.7% | Reduced |
| Shell Asset Management Co | 26,705 | $3.53M | 0.35% | −7,884−22.8% | Reduced |
| Kepler Cheuvreux (Suisse) SA | 25,922 | $3.43M | 0.18% | +25,922 | New |
| Capital International Sarl | 25,806 | $3.41M | 0.06% | −2,350−8.3% | Reduced |
| PEAK6 LLC | 25,527 | $3.37M | 0.08% | −311,083−92.4% | Reduced |
| Crossmark Global Holdings, Inc. | 25,228 | $3.33M | 0.05% | −2,247−8.2% | Reduced |
| CIBC Bancorp USA Inc. | 24,455 | $3.23M | 0.02% | +24,455 | New |
| Turn8 Private Wealth Inc. | 24,446 | $3.23M | 2.32% | +25+0.1% | Added |
| Hantz Financial Services, Inc. | 23,594 | $3.12M | 0.05% | +19,480+473.5% | Added |
| Qtron Investments LLC | 23,322 | $3.08M | 0.38% | +5,179+28.5% | Added |
| Veritas Asset Management LLP | 22,506 | $2.97M | 0.03% | 00.0% | Unchanged |
| Ameritas Investment Partners, Inc. | 22,276 | $2.94M | 0.09% | +426+1.9% | Added |
| Saba Capital Management, L.P. | 22,139 | $2.93M | 0.10% | +22,139 | New |
| Jupiter Asset Management Ltd | 22,000 | $2.91M | 0.02% | +22,000 | New |
| Mariner, LLC | 21,927 | $2.90M | 0.00% | −857−3.8% | Reduced |
| Persistent Asset Partners Ltd | 21,855 | $2.89M | 2.09% | +21,855 | New |
| Myriad Asset Management US LP | 21,535 | $2.85M | 1.55% | −17,092−44.2% | Reduced |
| Quadrant Capital Group LLC | 21,236 | $2.81M | 0.09% | +11,368+115.2% | Added |
| Norinchukin Bank, The | 21,236 | $2.81M | 0.04% | +1,657+8.5% | Added |