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 |
|---|---|---|---|---|---|
| ABN AMRO Bank N.V. | 7,293 | $823.9K | 0.01% | −445−5.8% | Reduced |
| Cambridge Investment Research Advisors, Inc. | 7,285 | $826.0K | 0.00% | +5,357+277.9% | Added |
| Natixis | 7,459 | $845.8K | 0.00% | −22,998−75.5% | Reduced |
| Penserra Capital Management LLC | 7,509 | $851.0K | 0.01% | −2,062−21.5% | Reduced |
| DRW Securities, LLC | 7,699 | $873.0K | 0.07% | +7,699 | New |
| State of Wisconsin Investment Board | 7,748 | $878.5K | 0.00% | −5,289−40.6% | Reduced |
| Comprehensive Financial Management LLC | 7,789 | $883.2K | 0.03% | −354−4.3% | Reduced |
| Signaturefd, LLC | 7,951 | $901.6K | 0.01% | −342−4.1% | Reduced |
| Redwood Investment Management, LLC | 7,968 | $903.0K | 0.10% | +7,968 | New |
| Paradiem, LLC | 8,059 | $913.8K | 0.22% | −19−0.2% | Reduced |
| Fullerton Fund Management Co Ltd. | 8,179 | $927.4K | 0.04% | +8,179 | New |
| Sparta 24 Ltd. | 8,371 | $949.2K | 0.81% | +8,371 | New |
| CI Private Wealth, LLC | 8,440 | $957.0K | 0.00% | +75+0.9% | Added |
| Clough Capital Partners L P | 8,450 | $958.1K | 0.09% | −9,700−53.4% | Reduced |
| HighTower Advisors, LLC | 8,486 | $962.2K | 0.00% | −4,438−34.3% | Reduced |
| Advisor Group Holdings, Inc. | 8,530 | $967.1K | 0.00% | −2,206−20.5% | Reduced |
| Pinebridge Investments Asia Ltd | 8,830 | $1.00M | 0.34% | +8,830 | New |
| Kovitz Investment Group Partners, LLC | 8,847 | $1.00M | 0.02% | +8,847 | New |
| Tuttle Tactical Management | 8,866 | $1.01M | 2.22% | +2,438+37.9% | Added |
| Ci Investments Inc. | 8,984 | $1.02M | 0.00% | −85,783−90.5% | Reduced |
| Bracebridge Capital, LLC | 9,000 | $1.02M | 0.37% | +9,000 | New |
| Atomi Financial Group, Inc. | 9,119 | $1.03M | 0.03% | +783+9.4% | Added |
| State of Wyoming | 9,280 | $1.05M | 0.12% | −340−3.5% | Reduced |
| Sava Infond d.o.o. | 9,400 | $1.07M | 0.14% | +1,100+13.3% | Added |
| Fairtree Asset Management (Pty) Ltd | 10,209 | $1.16M | 0.53% | −4,230−29.3% | Reduced |
| QRG Capital Management, Inc. | 10,605 | $1.20M | 0.01% | −222−2.1% | Reduced |
| ICICI Prudential Asset Management Co Ltd | 10,719 | $1.22M | 0.14% | +462+4.5% | Added |
| Pathstone Holdings, LLC | 10,774 | $1.22M | 0.00% | +320+3.1% | Added |
| Credit Industriel Et Commercial | 10,849 | $1.23M | 0.18% | +6,997+181.6% | Added |
| Cetera Investment Advisers | 10,865 | $1.23M | 0.00% | −200−1.8% | Reduced |
| Fosun International Ltd | 11,038 | $1.25M | 0.29% | +11,038 | New |
| Toronto Dominion Bank | 11,225 | $1.27M | 0.00% | −23,187−67.4% | Reduced |
| Alberta Investment Management Corp | 11,300 | $1.28M | 0.01% | −6,000−34.7% | Reduced |
| Sicart Associates LLC | 11,631 | $1.32M | 0.35% | +931+8.7% | Added |
| Ieq Capital, LLC | 11,666 | $1.32M | 0.00% | −830−6.6% | Reduced |
| Texas Yale Capital Corp. | 11,728 | $1.33M | 0.04% | −3,635−23.7% | Reduced |
| Intercapital, LLC | 11,900 | $1.35M | 0.71% | +11,900 | New |
| EFG International AG | 12,013 | $1.36M | 0.03% | +12,013 | New |
| Cigna Investments Inc | 12,464 | $1.41M | 0.21% | −219−1.7% | Reduced |
| Banco Santander, S.A. | 12,766 | $1.45M | 0.01% | −293−2.2% | Reduced |
| Ritholtz Wealth Management | 13,288 | $1.51M | 0.03% | +957+7.8% | Added |
| Colony Group, LLC | 13,886 | $1.51M | 0.00% | +142+1.0% | Added |
| Envestnet Asset Management Inc | 13,394 | $1.52M | 0.00% | −5,441−28.9% | Reduced |
| Farther Finance Advisors, LLC | 13,528 | $1.53M | 0.02% | +2,049+17.8% | Added |
| Private Advisor Group, LLC | 13,619 | $1.54M | 0.01% | −2,415−15.1% | Reduced |
| Howard Capital Management Inc. | 14,034 | $1.59M | 0.02% | +395+2.9% | Added |
| Central Asset Investments & Management Holdings (HK) Ltd | 14,083 | $1.60M | 1.04% | −24,267−63.3% | Reduced |
| Solstein Capital, LLC | 14,233 | $1.61M | 0.65% | −466−3.2% | Reduced |
| Maxi Investments CY Ltd | 14,308 | $1.62M | 0.29% | +14,308 | New |
| Wahed Invest LLC | 14,764 | $1.67M | 0.22% | +952+6.9% | Added |
| Simplex Trading, LLC | 14,795 | $1.68M | 0.05% | −448,657−96.8% | Reduced |
| united american securities inc. (d/b/a uas asset management) | 15,000 | $1.70M | 0.36% | +2,500+20.0% | Added |
| Vise Technologies, Inc. | 15,131 | $1.72M | 0.03% | −91−0.6% | Reduced |
| NewEdge Wealth, LLC | 15,583 | $1.77M | 0.02% | +535+3.6% | Added |
| Laird Norton Trust Company, LLC | 15,852 | $1.80M | 0.04% | +15,852 | New |
| Boothbay Fund Management, LLC | 16,081 | $1.82M | 0.05% | +4,430+38.0% | Added |
| Henry James International Management, Inc. | 16,148 | $1.83M | 0.58% | −30−0.2% | Reduced |
| NLB Skladi, upravljanje premozenja, d.o.o. | 16,349 | $1.85M | 0.08% | +16,349 | New |
| Persistent Asset Partners Ltd | 16,423 | $1.86M | 0.90% | −5,432−24.9% | Reduced |
| Advisory Services Network, LLC | 16,451 | $1.87M | 0.03% | +993+6.4% | Added |
| Keywise Capital Management (HK) Ltd | 16,500 | $1.87M | 0.15% | −203,350−92.5% | Reduced |
| Bank of Nova Scotia | 16,662 | $1.89M | 0.00% | +14,427+645.5% | Added |
| Yousif Capital Management, LLC | 18,501 | $1.93M | 0.02% | 00.0% | Unchanged |
| JustInvest LLC | 17,688 | $2.01M | 0.02% | −221−1.2% | Reduced |
| Northwestern Mutual Wealth Management Co | 17,704 | $2.01M | 0.00% | +3,076+21.0% | Added |
| AE Wealth Management LLC | 17,900 | $2.03M | 0.01% | +5,795+47.9% | Added |
| Virtu Financial LLC | 18,338 | $2.08M | 0.08% | +18,338 | New |
| Maniro Ltd | 18,346 | $2.08M | 0.71% | +18,346 | New |
| Prelude Capital Management, LLC | 18,411 | $2.09M | 0.15% | +8,561+86.9% | Added |
| Cerity Partners LLC | 18,847 | $2.14M | 0.00% | −1,374−6.8% | Reduced |
| M&T Bank Corp | 18,960 | $2.15M | 0.01% | +18,960 | New |
| Gsa Capital Partners LLP | 20,700 | $2.35M | 0.20% | +16,134+353.4% | Added |
| Horizon Investments, LLC | 20,717 | $2.35M | 0.03% | +7,949+62.3% | Added |
| Engineers Gate Manager LP | 21,056 | $2.39M | 0.03% | +21,056 | New |
| Quadrant Capital Group LLC | 21,197 | $2.40M | 0.07% | −39−0.2% | Reduced |
| Qtron Investments LLC | 21,373 | $2.42M | 0.32% | −1,949−8.4% | Reduced |
| Mariner, LLC | 22,092 | $2.51M | 0.00% | +165+0.8% | Added |
| GAM Holding AG | 22,196 | $2.52M | 0.16% | −23,500−51.4% | Reduced |
| Hantz Financial Services, Inc. | 22,459 | $2.55M | 0.04% | −1,135−4.8% | Reduced |
| Veritas Asset Management LLP | 22,506 | $2.55M | 0.03% | 00.0% | Unchanged |
| Capstone Capital Management Ltd | 22,530 | $2.55M | 2.45% | +22,530 | New |
| Intech Investment Management LLC | 23,223 | $2.63M | 0.02% | +2,993+14.8% | Added |
| RWC Asset Advisors (US) LLC | 24,040 | $2.73M | 0.52% | +24,040 | New |
| Ameritas Investment Partners, Inc. | 24,147 | $2.74M | 0.08% | +1,871+8.4% | Added |
| Turn8 Private Wealth Inc. | 24,446 | $2.77M | 1.99% | 00.0% | Unchanged |
| PKO Investment Management Joint-Stock Co | 25,000 | $2.83M | 0.23% | +10,000+66.7% | Added |
| Norinchukin Bank, The | 25,317 | $2.87M | 0.03% | +4,081+19.2% | Added |
| AI-Squared Management Ltd | 27,143 | $3.08M | 3.57% | −153,365−85.0% | Reduced |
| Ssa Swiss Advisors AG | 27,445 | $3.13M | 1.46% | 00.0% | Unchanged |
| Capital International Sarl | 27,738 | $3.15M | 0.05% | +1,932+7.5% | Added |
| Omers Administration Corp | 27,805 | $3.15M | 0.02% | +20,728+292.9% | Added |
| Amiral Gestion | 28,000 | $3.17M | 1.17% | −25,000−47.2% | Reduced |
| Nipun Capital, L.P. | 28,000 | $3.17M | 1.45% | +11,100+65.7% | Added |
| Kepler Cheuvreux (Suisse) SA | 28,007 | $3.18M | 0.18% | +2,085+8.0% | Added |
| Alps Advisors Inc | 29,033 | $3.29M | 0.02% | −965−3.2% | Reduced |
| Parametrica Management Ltd | 29,230 | $3.31M | 5.11% | +10,000+52.0% | Added |
| Wexford Capital LP | 30,371 | $3.44M | 0.89% | +30,040+9,075.5% | Added |
| UBS Oconnor LLC | 31,107 | $3.53M | 0.09% | −15,694−33.5% | Reduced |
| Polen Capital Management LLC | 31,329 | $3.55M | 0.02% | −31,954−50.5% | Reduced |
| All-Stars Investment Ltd | 31,650 | $3.59M | 1.34% | −3,350−9.6% | Reduced |