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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.

Q4 2025 vs. Q3 2025

How the institutions holding PDD Holdings Inc. changed between Q3 2025 and Q4 2025.

All holders in Q4 2025All holders in Q3 2025

13F holders of PDD: Q3 2025 compared with Q4 2025
MeasureQ3 2025Of which not filed for Q4 2025Q4 2025Change
Holders56014574+28
Shares408.5M2.59M438.1M+32.2M (+7.9%)
Value$53.9B$342.8M$49.6B−$3.97B (−7.4%)

14 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so the changes leave them out.

New holders (100)

Institutions that held PDD Holdings Inc. at the end of Q4 2025 but not at the end of Q3 2025.

Institutions new to PDD in Q4 2025
InstitutionSharesValue% of portfolio
Norges Bank9,396,292$1.07B0.11%
Dodge & Cox4,439,800$503.4M0.27%
Boundless Plain Holdings Ltd1,294,753$146.8M46.82%
Nomura Asset Management International Inc.1,049,894$119.0M0.18%
Walleye Trading LLC885,812$100.4M1.62%
Anatole Investment Management Ltd837,433$95.0M15.83%
True Light Capital Pte. Ltd.602,262$68.3M30.82%
Brilliance Asset Management Ltd595,174$67.5M26.49%
IMC-Chicago, LLC347,618$39.4M0.69%
Alpine Investment Management Ltd306,198$34.7M15.60%
Franchise GP Ltd302,460$34.3M39.93%
Cable Car Capital LLC220,000$24.9M1.55%
Jennison Associates LLC213,348$24.2M0.01%
Parallax Volatility Advisers, L.P.187,904$21.3M0.66%
MY.Alpha Management HK Advisors Ltd145,263$16.5M8.84%
Itau Unibanco Holding S.A.136,375$15.5M0.38%
Mirae Asset Securities (USA) Inc.100,247$11.4M0.45%
Eurizon Capital SGR S.p.A.96,606$11.0M0.03%
Fideuram Asset Management (Ireland) dac89,220$10.5M0.84%
Copos Capital S.a r.l.78,300$8.88M6.20%
Step Capital Management Pte. Ltd.75,000$8.50M4.49%
Bright Valley Capital Ltd72,600$8.23M5.58%
Clear Street Markets LLC64,117$7.27M1.30%
La Banque Postale Asset Management SA59,000$6.69M0.08%
Yong Rong (HK) Asset Management Ltd50,000$5.67M1.73%
Crake Asset Management LLP46,000$5.22M0.20%
State of New Jersey Common Pension Fund D40,370$4.58M0.02%
AIA Group Ltd35,538$4.03M0.06%
Myriad Asset Management Advisors LLC35,106$3.98M1.23%
CIBC World Markets Corp32,445$3.68M0.02%
RWC Asset Advisors (US) LLC24,040$2.73M0.52%
Capstone Capital Management Ltd22,530$2.55M2.45%
Engineers Gate Manager LP21,056$2.39M0.03%
M&T Bank Corp18,960$2.15M0.01%
Maniro Ltd18,346$2.08M0.71%
Virtu Financial LLC18,338$2.08M0.08%
NLB Skladi, upravljanje premozenja, d.o.o.16,349$1.85M0.08%
Laird Norton Trust Company, LLC15,852$1.80M0.04%
Maxi Investments CY Ltd14,308$1.62M0.29%
EFG International AG12,013$1.36M0.03%
Intercapital, LLC11,900$1.35M0.71%
Fosun International Ltd11,038$1.25M0.29%
Bracebridge Capital, LLC9,000$1.02M0.37%
Kovitz Investment Group Partners, LLC8,847$1.00M0.02%
Pinebridge Investments Asia Ltd8,830$1.00M0.34%
Sparta 24 Ltd.8,371$949.2K0.81%
Fullerton Fund Management Co Ltd.8,179$927.4K0.04%
Redwood Investment Management, LLC7,968$903.0K0.10%
DRW Securities, LLC7,699$873.0K0.07%
Principal Financial Group Inc6,971$790.4K0.00%
Quantbot Technologies LP6,773$768.0K0.03%
Nine Masts Capital Ltd6,586$746.8K0.13%
Abn Amro Investment Solutions6,300$714.4K0.01%
Exit Wealth Advisors, LLC.5,974$677.4K0.40%
Polaris Capital Management, LLC5,700$646.3K0.05%
Osmosis Investment Management UK Ltd5,573$631.9K0.02%
Hilltop Holdings Inc.5,504$624.1K0.04%
Eurizon SLJ Capital Ltd5,139$582.7K0.23%
StepStone Group LP5,841$561.9K0.30%
TCW Group Inc4,881$553.5K0.00%
SummitTX Capital, L.P.4,528$513.4K0.02%
Genus Capital Management Inc.3,795$430.3K0.05%
Wealthfront Advisers LLC3,482$394.8K0.00%
Capital Markets Trading UK LLP3,250$369.0K0.45%
Severin Investments, LLC3,209$363.9K0.32%
Encompass More Asset Management3,168$359.2K0.07%
Legacy Capital Group California, Inc.3,092$350.6K0.08%
Scientech Research LLC3,067$347.8K0.22%
Baader Bank INC3,073$345.3K0.03%
Frec Markets, Inc.2,932$332.5K0.10%
Arta Finance Wealth Management LLC2,891$327.8K0.17%
Winton Group Ltd2,700$306.2K0.01%
Q Fund Management (Hong Kong) Ltd2,500$283.5K0.27%
Hamilton Capital, LLC2,441$276.8K0.01%
Belvedere Trading LLC2,372$269.0K0.05%
one8zero8, LLC2,300$260.8K0.06%
Oakum Bay Capital LLC1,900$215.4K0.11%
Basecamp Wealth Advisors LLC1,804$204.6K0.04%
Pinnacle Wealth Planning Services, Inc.1,190$134.9K0.01%
Sankala Group LLC1,259$130.6K0.10%
DV Equities, LLC954$108.2K0.02%
Kestra Advisory Services, LLC564$64.0K0.00%
DV Trading LLC452$51.3K0.00%
UBS Asset Management Americas Inc392$44.4K0.00%
Modus Advisors, LLC50$5.67K0.00%
SageView Advisory Group, LLC47$5.33K0.00%
Elyxium Wealth, LLC43$4.88K0.00%
Cornerstone Financial Management LLC25$2.83K0.00%
Bank of Jackson Hole Trust22$2.50K0.00%
IMA Wealth, Inc.18$2.04K0.00%
Signature Equity Partners, LLC18$2.04K0.00%
Nemes Rush Group LLC17$1.93K0.00%
Steigerwald, Gordon & Koch Inc.11$1.25K0.00%
Elevated Capital Advisors, LLC10$1.13K0.00%
Triumph Capital Management6$6800.00%
American National Bank5$5670.00%
Trust Co4$4540.00%
Financial Consulate, Inc3$3410.00%
Toth Financial Advisory Corp1$1140.00%
Ankerstar Wealth, LLC1$1130.00%

Sold out (72)

Institutions that held PDD Holdings Inc. at the end of Q3 2025 and filed for Q4 2025 without it.

Institutions that sold out of PDD in Q4 2025
InstitutionShares, Q3 2025Value, Q3 2025
Altimeter Capital Management, LPSuperinvestorAltimeter Capital1,371,680$181.3M
Susquehanna Advisors Group, Inc.954,200$126.1M
WT Asset Management Ltd756,540$100.0M
Point72 Asset Management, L.P.614,101$81.2M
Trivest Advisors Ltd490,000$64.8M
RV Capital GmbH301,232$39.8M
Monolith Management Ltd209,393$27.7M
Ardmore Road Asset Management LP200,000$26.4M
Tiger Pacific Capital LP187,323$24.8M
Wim Investment Management Ltd157,968$20.9M
Ossiam134,000$17.7M
Hidden Lake Asset Management LP120,847$16.0M
3G Capital Partners LP100,000$13.2M
Owl Creek Asset Management, L.P.89,732$11.9M
Contrarius Group Holdings Ltd85,372$11.3M
Holocene Advisors, LP83,528$11.0M
AMS Capital Ltda67,854$8.97M
Nishkama Capital, LLC67,162$8.88M
Schonfeld Strategic Advisors LLC54,041$7.14M
Y-Intercept (Hong Kong) Ltd52,421$6.93M
Caption Management, LLC49,947$6.60M
Quantitative Investment Management, LLC39,402$5.21M
Integrated Quantitative Investments LLC37,723$4.99M
SIH Partners, LLLP36,200$4.78M
Gunderson Capital Management Inc.27,180$3.59M
Woodline Partners LP21,204$2.80M
Los Angeles Capital Management LLC19,721$2.61M
Boston Partners18,697$2.47M
Maytus Capital Management, LLC18,000$2.38M
Investment House LLC17,913$2.37M
Johns Hopkins University14,088$1.86M
Northwest & Ethical Investments L.P.13,166$1.74M
Newlands Management Operations LLC12,050$1.59M
RD Finance Ltd9,328$1.23M
Hudson Bay Capital Management LP9,186$1.21M
Hershey Trust Co8,123$1.07M
Edgestream Partners, L.P.7,565$999.9K
Bayesian Capital Management, LP7,500$991.3K
Allianz SE7,446$984.1K
Pathway Capital Management, LP7,197$951.2K
Oberweis Asset Management Inc7,000$925.2K
Axq Capital, LP4,497$594.4K
Dynamic Technology Lab Private Ltd3,997$528.0K
Two Sigma Securities, LLC3,695$488.4K
Pitcairn Co3,070$405.8K
IFG Advisory, LLC2,737$361.8K
International Assets Investment Management, LLC2,905$306.4K
Arista Wealth Management, LLC2,300$304.0K
Accuvest Global Advisors2,140$283.0K
Independent Financial Group, LLC2,129$281.4K
Resonant Capital Advisors, LLC1,685$222.7K
MN Wealth Advisors, LLC1,605$212.1K
AQR Capital Management LLC1,548$206.1K
Sanctuary Advisors, LLC1,542$203.8K
Fortis Capital Management LLC1,536$203.0K
U.S. Capital Wealth Advisors, LLC1,516$200.4K
Wolverine Asset Management LLC1,288$170.2K
Goldstream Capital Management Ltd533$70.4K
Groupe la Francaise500$55.6K
Bayforest Capital Ltd305$40.3K
Future Financial Wealth Managment LLC250$33.0K
Ameritas Advisory Services, LLC250$33.0K
Wealthspire Advisors, LLC219$28.9K
Principal Securities, Inc.208$27.5K
Mather Group, LLC.103$13.6K
JPL Wealth Management, LLC21$2.78K
Bogart Wealth, LLC17$2.25K
Hazlett, Burt & Watson, Inc.10$1.00K
Geneos Wealth Management Inc.5$661
Logan Capital Management Inc3$397
GPS Wealth Strategies Group, LLC1$132
Y.D. More Investments Ltd179$71

Not filed for Q4 2025 yet (14)

Institutions that held PDD Holdings Inc. at the end of Q3 2025 and haven't filed a 13F for Q4 2025. Not filing isn't selling, so they aren't counted as sold out.

Institutions holding PDD in Q3 2025 that haven't filed for Q4 2025
InstitutionShares, Q3 2025Value, Q3 2025
Point72 Hong Kong Ltd1,577,173$208.5M
Franchise Capital Ltd501,460$66.3M
AXA Investment Managers S.A.198,948$26.3M
Blue Creek Capital Management Ltd116,721$15.4M
Aware Super Pty Ltd as trustee of Aware Super73,243$9.68M
Wolverine Trading, LLC31,490$4.11M
Shell Asset Management Co26,705$3.53M
CIBC Bancorp USA Inc.24,455$3.23M
HAP Trading, LLC17,792$2.35M
Wetherby Asset Management Inc10,622$1.40M
Pinebridge Investments, L.P.8,830$1.17M
Eisler Capital Management Ltd.4,071$537.0K
First Affirmative Financial Network2,362$312.1K
Binnacle Investments Inc271$35.8K