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 |
|---|---|---|---|---|---|
| Greenleaf Trust | 2,001 | $226.9K | 0.00% | −22−1.1% | Reduced |
| Agf Management Ltd | 2,030 | $230.2K | 0.00% | 00.0% | Unchanged |
| GTS Securities LLC | 2,079 | $235.7K | 0.01% | −29,508−93.4% | Reduced |
| Rehmann Capital Advisory Group | 2,122 | $240.6K | 0.01% | +6+0.3% | Added |
| Focus Financial Network, Inc. | 2,174 | $246.5K | 0.01% | −124−5.4% | Reduced |
| Alhambra Investment Partners LLC | 2,200 | $249.5K | 0.12% | 00.0% | Unchanged |
| one8zero8, LLC | 2,300 | $260.8K | 0.06% | +2,300 | New |
| BNP Paribas | 2,300 | $260.8K | 0.01% | +800+53.3% | Added |
| Bridgewater Advisors Inc. | 2,515 | $266.3K | 0.02% | +94+3.9% | Added |
| Belvedere Trading LLC | 2,372 | $269.0K | 0.05% | +2,372 | New |
| Allegheny Financial Group LTD | 2,412 | $273.5K | 0.04% | +60+2.6% | Added |
| Hamilton Capital, LLC | 2,441 | $276.8K | 0.01% | +2,441 | New |
| Q Fund Management (Hong Kong) Ltd | 2,500 | $283.5K | 0.27% | +2,500 | New |
| Ethic Inc. | 2,586 | $293.2K | 0.00% | +109+4.4% | Added |
| SBI Securities Co., Ltd. | 2,672 | $303.0K | 0.01% | −58−2.1% | Reduced |
| Campbell & CO Investment Adviser LLC | 2,696 | $305.7K | 0.01% | −18,412−87.2% | Reduced |
| Winton Group Ltd | 2,700 | $306.2K | 0.01% | +2,700 | New |
| Lester Murray Antman dba SimplyRich | 2,805 | $318.0K | 0.08% | 00.0% | Unchanged |
| Alpha Family Trust | 2,815 | $319.2K | 0.15% | 00.0% | Unchanged |
| Savant Capital, LLC | 2,816 | $319.3K | 0.00% | +187+7.1% | Added |
| PDS Planning, Inc | 2,880 | $326.6K | 0.02% | −52−1.8% | Reduced |
| Arta Finance Wealth Management LLC | 2,891 | $327.8K | 0.17% | +2,891 | New |
| Frec Markets, Inc. | 2,932 | $332.5K | 0.10% | +2,932 | New |
| Sustainable Insight Capital Management, LLC | 2,938 | $333.1K | 0.11% | +500+20.5% | Added |
| Morningstar Investment Management LLC | 3,034 | $344.0K | 0.02% | 00.0% | Unchanged |
| Baader Bank INC | 3,073 | $345.3K | 0.03% | +3,073 | New |
| IFP Advisors, Inc | 3,050 | $345.8K | 0.01% | +2,994+5,346.4% | Added |
| Scientech Research LLC | 3,067 | $347.8K | 0.22% | +3,067 | New |
| Legacy Capital Group California, Inc. | 3,092 | $350.6K | 0.08% | +3,092 | New |
| Parallel Advisors, LLC | 3,110 | $352.7K | 0.01% | −20−0.6% | Reduced |
| West Family Investments, Inc. | 3,144 | $356.5K | 0.08% | −882−21.9% | Reduced |
| Encompass More Asset Management | 3,168 | $359.2K | 0.07% | +3,168 | New |
| Ballentine Partners, LLC | 3,178 | $360.4K | 0.01% | +410+14.8% | Added |
| Lavaca Capital LLC | 3,189 | $361.6K | 0.06% | −769−19.4% | Reduced |
| Severin Investments, LLC | 3,209 | $363.9K | 0.32% | +3,209 | New |
| Capital Markets Trading UK LLP | 3,250 | $369.0K | 0.45% | +3,250 | New |
| STF Management LP | 3,392 | $384.6K | 0.36% | −3,305−49.4% | Reduced |
| Sagespring Wealth Partners, LLC | 3,457 | $392.0K | 0.01% | −188−5.2% | Reduced |
| Wealthfront Advisers LLC | 3,482 | $394.8K | 0.00% | +3,482 | New |
| Ronald Blue Trust, Inc. | 3,501 | $397.0K | 0.00% | −593−14.5% | Reduced |
| Advisors Preferred, LLC | 3,436 | $397.7K | 0.07% | +2,496+265.5% | Added |
| Keel Point, LLC | 3,512 | $398.2K | 0.02% | −763−17.8% | Reduced |
| Advisors Asset Management, Inc. | 3,568 | $404.6K | 0.01% | −639−15.2% | Reduced |
| May Hill Capital, LLC | 3,609 | $409.2K | 0.11% | −748−17.2% | Reduced |
| Apollon Wealth Management, LLC | 3,619 | $410.4K | 0.01% | +369+11.4% | Added |
| Range Financial Group LLC | 3,620 | $410.5K | 0.14% | +131+3.8% | Added |
| Fifth Third Bancorp | 3,649 | $413.8K | 0.00% | +151+4.3% | Added |
| Jump Financial, LLC | 3,659 | $414.9K | 0.01% | −16,026−81.4% | Reduced |
| Insigneo Advisory Services, LLC | 3,708 | $420.4K | 0.03% | +248+7.2% | Added |
| Genus Capital Management Inc. | 3,795 | $430.3K | 0.05% | +3,795 | New |
| Checchi Capital Advisers, LLC | 3,842 | $435.6K | 0.03% | −203−5.0% | Reduced |
| MML Investors Services, LLC | 3,882 | $440.2K | 0.00% | +1,930+98.9% | Added |
| ING Groep NV | 3,887 | $440.7K | 0.00% | −104−2.6% | Reduced |
| Squarepoint Ops LLC | 3,910 | $443.4K | 0.00% | −386,216−99.0% | Reduced |
| Commonwealth Equity Services, LLC | 3,913 | $443.7K | 0.00% | −804−17.0% | Reduced |
| Aaron Wealth Advisors | 3,962 | $449.3K | 0.02% | +1,143+40.5% | Added |
| Robertson Stephens Wealth Management, LLC | 4,000 | $453.6K | 0.01% | 00.0% | Unchanged |
| Frank, Rimerman Advisors LLC | 4,007 | $454.4K | 0.03% | +29+0.7% | Added |
| Commerce Bank | 4,025 | $456.4K | 0.00% | −20.0% | Reduced |
| Blair William & Co | 4,079 | $462.5K | 0.00% | +1,588+63.7% | Added |
| Mercer Global Advisors Inc | 4,154 | $471.0K | 0.00% | −626−13.1% | Reduced |
| Old Mission Capital LLC | 4,437 | $503.1K | 0.02% | −83,544−95.0% | Reduced |
| National Philanthropic Trust | 4,526 | $513.2K | 0.01% | 00.0% | Unchanged |
| SummitTX Capital, L.P. | 4,528 | $513.4K | 0.02% | +4,528 | New |
| GWM Advisors LLC | 4,543 | $515.1K | 0.00% | −882−16.3% | Reduced |
| Cardiff Park Advisors, LLC | 4,556 | $516.6K | 0.04% | 00.0% | Unchanged |
| Oddo BHF Asset Management SAS | 4,600 | $521.6K | 0.02% | +1,800+64.3% | Added |
| Johnson Investment Counsel Inc | 4,644 | $526.6K | 0.00% | 00.0% | Unchanged |
| Banco Bilbao Vizcaya Argentaria, S.A. | 4,747 | $538.9K | 0.00% | +1,314+38.3% | Added |
| TCW Group Inc | 4,881 | $553.5K | 0.00% | +4,881 | New |
| StepStone Group LP | 5,841 | $561.9K | 0.30% | +5,841 | New |
| Bailard, Inc. | 5,000 | $567.0K | 0.01% | 00.0% | Unchanged |
| Eurizon SLJ Capital Ltd | 5,139 | $582.7K | 0.23% | +5,139 | New |
| Myriad Asset Management US LP | 5,297 | $600.6K | 1.01% | −16,238−75.4% | Reduced |
| BIT Capital GmbH | 5,356 | $607.3K | 0.03% | −178,067−97.1% | Reduced |
| Hilltop Holdings Inc. | 5,504 | $624.1K | 0.04% | +5,504 | New |
| Rockefeller Capital Management L.P. | 5,569 | $631.5K | 0.00% | −2,324−29.4% | Reduced |
| Osmosis Investment Management UK Ltd | 5,573 | $631.9K | 0.02% | +5,573 | New |
| Commons Capital, LLC | 5,600 | $635.0K | 0.45% | 00.0% | Unchanged |
| Banque Cantonale Vaudoise | 5,665 | $642.0K | 0.02% | +1,904+50.6% | Added |
| Flossbach Von Storch AG | 5,665 | $642.4K | 0.00% | +1,420+33.5% | Added |
| CAPROCK Group, Inc. | 5,687 | $644.8K | 0.01% | +84+1.5% | Added |
| Polaris Capital Management, LLC | 5,700 | $646.3K | 0.05% | +5,700 | New |
| Sequoia Financial Advisors, LLC | 5,845 | $662.8K | 0.00% | −686−10.5% | Reduced |
| Headlands Technologies LLC | 5,974 | $677.4K | 0.06% | −10,916−64.6% | Reduced |
| Exit Wealth Advisors, LLC. | 5,974 | $677.4K | 0.40% | +5,974 | New |
| 111 Capital | 6,018 | $682.4K | 0.15% | +625+11.6% | Added |
| QVT Financial LP | 6,042 | $685.1K | 0.07% | +1,314+27.8% | Added |
| US Bancorp | 6,174 | $700.1K | 0.00% | +107+1.8% | Added |
| The PNC Financial Services Group, Inc. | 6,211 | $704.3K | 0.00% | −386−5.9% | Reduced |
| Abn Amro Investment Solutions | 6,300 | $714.4K | 0.01% | +6,300 | New |
| Global Endowment Management, LP | 6,358 | $721.0K | 0.09% | −2,099−24.8% | Reduced |
| RWC Asset Management LLP | 6,390 | $724.6K | 0.04% | 00.0% | Unchanged |
| Hennion & Walsh Asset Management, Inc. | 6,502 | $737.3K | 0.03% | +252+4.0% | Added |
| Nine Masts Capital Ltd | 6,586 | $746.8K | 0.13% | +6,586 | New |
| CIBC World Markets Inc. | 6,615 | $750.1K | 0.00% | +3,478+110.9% | Added |
| Capstone Investment Advisors, LLC | 6,676 | $757.0K | 0.01% | +3,501+110.3% | Added |
| Quantbot Technologies LP | 6,773 | $768.0K | 0.03% | +6,773 | New |
| Merit Financial Group, LLC | 6,936 | $786.5K | 0.01% | +2,242+47.8% | Added |
| Principal Financial Group Inc | 6,971 | $790.4K | 0.00% | +6,971 | New |