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, Q4 2025
Institutional positions in PDD Holdings Inc. as of Dec 31, 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
- 574
- +28 vs. Q3 2025
- Shares held
- 438.1M
- +32.2M (+7.9%) vs. Q3 2025
- Total value
- $49.6B
- −$3.97B (−7.4%) vs. Q3 2025
- New holders
- 100
- 230 more added
- Sold out
- 72
- 174 more reduced
14 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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, Q4 2025
Shares, value and share of portfolio for each institution holding PDD Holdings Inc.; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Avenir Tech Ltd | 1 | $113 | 0.00% | 00.0% | Unchanged |
| Ankerstar Wealth, LLC | 1 | $113 | 0.00% | +1 | New |
| Beaird Harris Wealth Management, LLC | 1 | $114 | 0.00% | −5−83.3% | Reduced |
| Toth Financial Advisory Corp | 1 | $114 | 0.00% | +1 | New |
| Stone House Investment Management, LLC | 2 | $227 | 0.00% | −8−80.0% | Reduced |
| Rossby Financial, LCC | 3 | $340 | 0.00% | 00.0% | Unchanged |
| TD Private Client Wealth LLC | 3 | $340 | 0.00% | 00.0% | Unchanged |
| Financial Consulate, Inc | 3 | $341 | 0.00% | +3 | New |
| Frazier Financial Advisors, LLC | 4 | $454 | 0.00% | 00.0% | Unchanged |
| Trust Co | 4 | $454 | 0.00% | +4 | New |
| Asset Dedication, LLC | 5 | $567 | 0.00% | 00.0% | Unchanged |
| American National Bank | 5 | $567 | 0.00% | +5 | New |
| Sound Income Strategies, LLC | 6 | $641 | 0.00% | 00.0% | Unchanged |
| Golden State Wealth Management, LLC | 6 | $680 | 0.00% | 00.0% | Unchanged |
| Triumph Capital Management | 6 | $680 | 0.00% | +6 | New |
| Abound Wealth Management | 6 | $681 | 0.00% | 00.0% | Unchanged |
| SWAN Capital LLC | 8 | $907 | 0.00% | 00.0% | Unchanged |
| Elevated Capital Advisors, LLC | 10 | $1.13K | 0.00% | +10 | New |
| Steigerwald, Gordon & Koch Inc. | 11 | $1.25K | 0.00% | +11 | New |
| True Wealth Design, LLC | 11 | $1.25K | 0.00% | −11−50.0% | Reduced |
| Raffa Wealth Management, LLC | 12 | $1.36K | 0.00% | 00.0% | Unchanged |
| Archer Investment Corp | 17 | $1.93K | 0.00% | 00.0% | Unchanged |
| AdvisorNet Financial, Inc | 17 | $1.93K | 0.00% | +9+112.5% | Added |
| Nemes Rush Group LLC | 17 | $1.93K | 0.00% | +17 | New |
| Avion Wealth | 25 | $2.00K | 0.00% | 00.0% | Unchanged |
| IMA Wealth, Inc. | 18 | $2.04K | 0.00% | +18 | New |
| Signature Equity Partners, LLC | 18 | $2.04K | 0.00% | +18 | New |
| Spire Wealth Management | 21 | $2.38K | 0.00% | 00.0% | Unchanged |
| MAI Capital Management | 22 | $2.50K | 0.00% | −63−74.1% | Reduced |
| Bank of Jackson Hole Trust | 22 | $2.50K | 0.00% | +22 | New |
| Cornerstone Financial Management LLC | 25 | $2.83K | 0.00% | +25 | New |
| Clean Yield Group | 26 | $2.95K | 0.00% | 00.0% | Unchanged |
| Brown Brothers Harriman & Co | 27 | $3.06K | 0.00% | +11+68.8% | Added |
| Bare Financial Services, Inc | 33 | $3.74K | 0.00% | +27+450.0% | Added |
| North Star Investment Management Corp. | 34 | $3.85K | 0.00% | +30+750.0% | Added |
| Parkside Financial Bank & Trust | 35 | $3.97K | 0.00% | 00.0% | Unchanged |
| New Age Alpha Advisors, LLC | 35 | $3.97K | 0.00% | 00.0% | Unchanged |
| Elyxium Wealth, LLC | 43 | $4.88K | 0.00% | +43 | New |
| Root Financial Partners, LLC | 44 | $4.99K | 0.00% | +8+22.2% | Added |
| Crewe Advisors LLC | 46 | $5.22K | 0.00% | 00.0% | Unchanged |
| SageView Advisory Group, LLC | 47 | $5.33K | 0.00% | +47 | New |
| Modus Advisors, LLC | 50 | $5.67K | 0.00% | +50 | New |
| Quarry LP | 57 | $6.46K | 0.00% | +30+111.1% | Added |
| UMA Financial Services, Inc. | 65 | $7.37K | 0.00% | +9+16.1% | Added |
| WealthCollab, LLC | 73 | $8.28K | 0.00% | 00.0% | Unchanged |
| Bell Investment Advisors, Inc | 73 | $8.28K | 0.00% | +6+9.0% | Added |
| Murphy & Mullick Capital Management Corp | 74 | $8.39K | 0.01% | 00.0% | Unchanged |
| Financial Perspectives, Inc | 81 | $9.19K | 0.00% | 00.0% | Unchanged |
| Key Financial Inc | 82 | $9.30K | 0.00% | 00.0% | Unchanged |
| Capital Analysts, LLC | 85 | $10.0K | 0.00% | 00.0% | Unchanged |
| Ramirez Asset Management, Inc. | 90 | $10.2K | 0.00% | 00.0% | Unchanged |
| Harbour Investments, Inc. | 94 | $10.7K | 0.00% | +88+1,466.7% | Added |
| Bessemer Group Inc | 106 | $12.0K | 0.00% | 00.0% | Unchanged |
| JFS Wealth Advisors, LLC | 109 | $12.4K | 0.00% | 00.0% | Unchanged |
| Creative Financial Designs Inc | 112 | $12.7K | 0.00% | 00.0% | Unchanged |
| Highline Wealth Partners LLC | 133 | $15.1K | 0.00% | +82+160.8% | Added |
| Private Trust Co NA | 141 | $16.0K | 0.00% | +31+28.2% | Added |
| BOCHK Asset Management Ltd | 200 | $22.7K | 0.01% | −7,300−97.3% | Reduced |
| Atlantic Union Bankshares Corp | 200 | $22.7K | 0.00% | 00.0% | Unchanged |
| TD Waterhouse Canada Inc. | 201 | $22.8K | 0.00% | +200+20,000.0% | Added |
| Umb Bank N A | 232 | $26.3K | 0.00% | +62+36.5% | Added |
| Allworth Financial LP | 237 | $26.9K | 0.00% | −19−7.4% | Reduced |
| Catalyst Capital Advisors LLC | 278 | $31.5K | 0.00% | −49−15.0% | Reduced |
| GAMMA Investing LLC | 278 | $31.5K | 0.00% | +238+595.0% | Added |
| Nisa Investment Advisors, LLC | 315 | $35.7K | 0.00% | +15+5.0% | Added |
| Activest Wealth Management | 350 | $39.7K | 0.01% | −964−73.4% | Reduced |
| Smartleaf Asset Management LLC | 377 | $42.9K | 0.00% | +263+230.7% | Added |
| UBS Asset Management Americas Inc | 392 | $44.4K | 0.00% | +392 | New |
| Larson Financial Group LLC | 405 | $45.9K | 0.00% | +3+0.7% | Added |
| Assetmark, Inc | 431 | $48.9K | 0.00% | +29+7.2% | Added |
| DV Trading LLC | 452 | $51.3K | 0.00% | +452 | New |
| Westside Investment Management, Inc. | 458 | $52.9K | 0.01% | +10+2.2% | Added |
| EMC Capital Management | 500 | $60.0K | 0.03% | −500−50.0% | Reduced |
| Kestra Advisory Services, LLC | 564 | $64.0K | 0.00% | +564 | New |
| Huntington National Bank | 593 | $67.2K | 0.00% | +120+25.4% | Added |
| Accent Capital Management, LLC | 650 | $73.7K | 0.03% | 00.0% | Unchanged |
| Bank Julius Baer & Co. Ltd, Zurich | 675 | $76.5K | 0.00% | −1−0.1% | Reduced |
| Generali Investments CEE, investicni spolecnost, a.s. | 786 | $89.1K | 0.01% | 00.0% | Unchanged |
| CWM, LLC | 867 | $98.0K | 0.00% | −18−2.0% | Reduced |
| Steward Partners Investment Advisory, LLC | 925 | $104.9K | 0.00% | +67+7.8% | Added |
| DV Equities, LLC | 954 | $108.2K | 0.02% | +954 | New |
| Stephens Consulting, LLC | 1,000 | $113.4K | 0.04% | 00.0% | Unchanged |
| CIBC Private Wealth Group, LLC | 1,092 | $123.8K | 0.00% | 00.0% | Unchanged |
| SRS Capital Advisors, Inc. | 1,112 | $126.1K | 0.00% | −83−6.9% | Reduced |
| Sankala Group LLC | 1,259 | $130.6K | 0.10% | +1,259 | New |
| Pinnacle Wealth Planning Services, Inc. | 1,190 | $134.9K | 0.01% | +1,190 | New |
| Compagnie Lombard Odier SCmA | 1,250 | $141.7K | 0.00% | +1,150+1,150.0% | Added |
| Global Retirement Partners, LLC | 1,389 | $157.5K | 0.00% | +947+214.3% | Added |
| EverSource Wealth Advisors, LLC | 1,547 | $175.4K | 0.01% | −285−15.6% | Reduced |
| Migdal Insurance & Financial Holdings Ltd. | 1,590 | $181.0K | 0.00% | 00.0% | Unchanged |
| Chung Wu Investment Group, LLC | 1,800 | $204.1K | 0.17% | 00.0% | Unchanged |
| Basecamp Wealth Advisors LLC | 1,804 | $204.6K | 0.04% | +1,804 | New |
| Jones Financial Companies LLLP | 1,832 | $207.7K | 0.00% | +523+40.0% | Added |
| Prime Capital Investment Advisors, LLC | 1,854 | $210.2K | 0.00% | +19+1.0% | Added |
| Victory Financial Group, LLC | 1,878 | $212.9K | 0.03% | −937−33.3% | Reduced |
| Lido Advisors, LLC | 1,638 | $213.6K | 0.00% | 00.0% | Unchanged |
| Resources Investment Advisors, LLC. | 1,889 | $214.2K | 0.00% | −100−5.0% | Reduced |
| Oakum Bay Capital LLC | 1,900 | $215.4K | 0.11% | +1,900 | New |
| Evergreen Capital Management LLC | 1,922 | $217.9K | 0.00% | −345−15.2% | Reduced |
| Plato Investment Management Ltd | 1,940 | $221.0K | 0.01% | 00.0% | Unchanged |