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 |
|---|---|---|---|---|---|
| Verition Fund Management LLC | 31,797 | $3.61M | 0.02% | −68,514−68.3% | Reduced |
| Skopos Labs, Inc. | 31,958 | $3.65M | 0.17% | +24,468+326.7% | Added |
| CIBC World Markets Corp | 32,445 | $3.68M | 0.02% | +32,445 | New |
| Crossmark Global Holdings, Inc. | 32,859 | $3.73M | 0.05% | +7,631+30.2% | Added |
| Gulf International Bank (UK) Ltd | 33,871 | $3.84M | 0.12% | 00.0% | Unchanged |
| Mawer Investment Management Ltd. | 34,390 | $3.90M | 0.02% | −100.0% | Reduced |
| Capula Management Ltd | 34,442 | $3.91M | 0.03% | +33,442+3,344.2% | Added |
| Freemont Capital Pte Ltd | 35,000 | $3.97M | 0.09% | 00.0% | Unchanged |
| Myriad Asset Management Advisors LLC | 35,106 | $3.98M | 1.23% | +35,106 | New |
| AIA Group Ltd | 35,538 | $4.03M | 0.06% | +35,538 | New |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 35,837 | $4.06M | 0.00% | −18,702−34.3% | Reduced |
| Ensign Peak Advisors, Inc | 36,200 | $4.10M | 0.01% | 00.0% | Unchanged |
| Saba Capital Management, L.P. | 36,318 | $4.12M | 0.14% | +14,179+64.0% | Added |
| Liontrust Investment Partners LLP | 36,392 | $4.13M | 0.06% | −41,895−53.5% | Reduced |
| Van Eck Associates Corp | 36,560 | $4.14M | 0.00% | −5,180−12.4% | Reduced |
| Virtus Family Office LLC | 37,134 | $4.21M | 3.63% | +482+1.3% | Added |
| Edmond de Rothschild Holding S.A. | 37,163 | $4.21M | 0.06% | +4,000+12.1% | Added |
| Varma Mutual Pension Insurance Co | 37,500 | $4.25M | 0.03% | +3,500+10.3% | Added |
| Tower Research Capital LLC (TRC) | 38,324 | $4.35M | 0.11% | +29,408+329.8% | Added |
| Hel Ved Capital Management Ltd | 38,637 | $4.38M | 1.51% | +200+0.5% | Added |
| LPL Financial LLC | 38,831 | $4.40M | 0.00% | −1,241−3.1% | Reduced |
| China Universal Asset Management Co., Ltd. | 40,052 | $4.54M | 0.35% | +11,695+41.2% | Added |
| State of New Jersey Common Pension Fund D | 40,370 | $4.58M | 0.02% | +40,370 | New |
| Vontobel Holding Ltd. | 40,787 | $4.62M | 0.02% | +366+0.9% | Added |
| Raymond James Financial Inc | 40,947 | $4.64M | 0.00% | +4,665+12.9% | Added |
| STRS Ohio | 41,895 | $4.75M | 0.02% | −60−0.1% | Reduced |
| Thrivent Financial for Lutherans | 44,491 | $5.04M | 0.01% | +7,670+20.8% | Added |
| Creative Planning | 44,609 | $5.06M | 0.00% | −4,820−9.8% | Reduced |
| Louisiana State Employees Retirement System | 44,700 | $5.07M | 0.09% | −4,000−8.2% | Reduced |
| Sumitomo Mitsui DS Asset Management Company, Ltd | 45,845 | $5.20M | 0.04% | −8,611−15.8% | Reduced |
| Crake Asset Management LLP | 46,000 | $5.22M | 0.20% | +46,000 | New |
| Seldon Capital LP | 48,226 | $5.47M | 1.89% | −1,250−2.5% | Reduced |
| Pacer Advisors, Inc. | 48,488 | $5.50M | 0.01% | +1,964+4.2% | Added |
| Yong Rong (HK) Asset Management Ltd | 50,000 | $5.67M | 1.73% | +50,000 | New |
| Federation des caisses Desjardins du Quebec | 50,105 | $5.68M | 0.02% | +17,521+53.8% | Added |
| Quadrature Capital Ltd | 50,210 | $5.69M | 0.06% | −178,544−78.1% | Reduced |
| Quantinno Capital Management LP | 52,709 | $5.98M | 0.01% | −857−1.6% | Reduced |
| Yarbrough Capital, LLC | 53,202 | $6.03M | 0.19% | 00.0% | Unchanged |
| O'Shaughnessy Asset Management, LLC | 53,219 | $6.03M | 0.03% | +1,764+3.4% | Added |
| Jane Street Group, LLC | 55,066 | $6.24M | 0.01% | −4,620,563−98.8% | Reduced |
| Comgest Global Investors S.A.S. | 55,752 | $6.32M | 0.11% | −757−1.3% | Reduced |
| CastleKnight Management LP | 56,700 | $6.43M | 0.37% | 00.0% | Unchanged |
| Vident Advisory, LLC | 57,280 | $6.49M | 0.06% | +36,243+172.3% | Added |
| ABS Direct Equity Fund LLC | 57,530 | $6.52M | 7.76% | +14,497+33.7% | Added |
| Leonteq Securities AG | 57,843 | $6.56M | 0.35% | +30,972+115.3% | Added |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 58,117 | $6.59M | 0.03% | 00.0% | Unchanged |
| B. Metzler seel. Sohn & Co. AG | 58,208 | $6.60M | 0.06% | +30,945+113.5% | Added |
| La Banque Postale Asset Management SA | 59,000 | $6.69M | 0.08% | +59,000 | New |
| Prudential Financial Inc | 60,984 | $6.94M | 0.01% | +5,058+9.0% | Added |
| Janney Capital Management LLC | 62,035 | $7.03M | 0.44% | −4,640−7.0% | Reduced |
| Bamco Inc | 62,386 | $7.07M | 0.02% | 00.0% | Unchanged |
| Marathon Trading Investment Management LLC | 62,986 | $7.14M | 0.85% | +23,100+57.9% | Added |
| Rakuten Investment Management, Inc. | 62,688 | $7.16M | 0.02% | −75,855−54.8% | Reduced |
| Siren, L.L.C. | 63,401 | $7.19M | 0.21% | +20,000+46.1% | Added |
| CMT Capital Markets Trading GmbH | 63,508 | $7.20M | 4.77% | +3,574+6.0% | Added |
| Clear Street Markets LLC | 64,117 | $7.27M | 1.30% | +64,117 | New |
| Dymon Asia Capital (Singapore) Pte. Ltd. | 64,917 | $7.36M | 1.63% | +36,122+125.4% | Added |
| DnB Asset Management AS | 66,782 | $7.57M | 0.03% | +7,682+13.0% | Added |
| Banco BTG Pactual S.A. | 68,967 | $7.82M | 1.39% | +39,635+135.1% | Added |
| New York State Common Retirement Fund | 69,234 | $7.85M | 0.01% | −14,412−17.2% | Reduced |
| Capitolis Liquid Global Markets LLC | 72,000 | $8.16M | 0.05% | −4,000−5.3% | Reduced |
| Bright Valley Capital Ltd | 72,600 | $8.23M | 5.58% | +72,600 | New |
| Rhumbline Advisers | 72,766 | $8.25M | 0.01% | −3,437−4.5% | Reduced |
| FACT Capital, LP | 73,156 | $8.30M | 4.64% | +12,230+20.1% | Added |
| Walleye Capital LLC | 73,216 | $8.30M | 0.05% | −65,860−47.4% | Reduced |
| Step Capital Management Pte. Ltd. | 75,000 | $8.50M | 4.49% | +75,000 | New |
| IFM Investors Pty Ltd | 75,003 | $8.51M | 0.07% | +2,981+4.1% | Added |
| Shelton Capital Management | 76,164 | $8.64M | 0.17% | +6,884+9.9% | Added |
| Daiwa Securities Group Inc. | 76,875 | $8.72M | 0.03% | +6,590+9.4% | Added |
| Brinker Capital Investments, LLC | 77,601 | $8.80M | 0.06% | +32,339+71.4% | Added |
| Copos Capital S.a r.l. | 78,300 | $8.88M | 6.20% | +78,300 | New |
| Platinum Investment Management Ltd | 78,445 | $8.89M | 2.06% | −10,064−11.4% | Reduced |
| Union Bancaire Privee, UBP SA | 87,229 | $8.94M | 0.15% | +29,770+51.8% | Added |
| AustralianSuper Pty Ltd | 79,200 | $8.98M | 0.04% | +37,778+91.2% | Added |
| Nearwater Capital Markets, Ltd | 83,100 | $9.42M | 0.16% | 00.0% | Unchanged |
| Police & Firemen's Retirement System of New Jersey | 83,999 | $9.52M | 0.08% | −824−1.0% | Reduced |
| TD Asset Management Inc | 86,650 | $9.83M | 0.01% | −11,166−11.4% | Reduced |
| iA Global Asset Management Inc. | 90,663 | $10.3M | 0.13% | +6,023+7.1% | Added |
| Swiss Life Asset Management Ltd | 92,430 | $10.5M | 0.05% | +22,207+31.6% | Added |
| Fideuram Asset Management (Ireland) dac | 89,220 | $10.5M | 0.84% | +89,220 | New |
| Profund Advisors LLC | 94,291 | $10.7M | 0.32% | +1,785+1.9% | Added |
| Taikang Asset Management (Hong Kong) Co Ltd | 95,665 | $10.8M | 1.07% | +6,359+7.1% | Added |
| Toroso Investments, LLC | 96,529 | $10.9M | 0.05% | −3,945−3.9% | Reduced |
| Eurizon Capital SGR S.p.A. | 96,606 | $11.0M | 0.03% | +96,606 | New |
| Antipodes Partners Ltd | 98,144 | $11.1M | 0.23% | −3,757−3.7% | Reduced |
| Mirae Asset Securities (USA) Inc. | 100,247 | $11.4M | 0.45% | +100,247 | New |
| Macquarie Group Ltd | 100,423 | $11.4M | 0.05% | −1,167,297−92.1% | Reduced |
| Nissay Asset Management Corp | 107,767 | $12.2M | 0.06% | +8,161+8.2% | Added |
| Nan Fung Trinity (HK) Ltd | 108,100 | $12.3M | 0.97% | 00.0% | Unchanged |
| Cantor Fitzgerald, L. P. | 109,110 | $12.4M | 0.37% | +54,371+99.3% | Added |
| Danske Bank A/S | 109,112 | $12.4M | 0.03% | +1,400+1.3% | Added |
| Rafferty Asset Management, LLC | 112,024 | $12.7M | 0.04% | +17,463+18.5% | Added |
| Parus Finance (UK) Ltd | 112,506 | $12.8M | 3.35% | −70,970−38.7% | Reduced |
| Asset Management One Co.,Ltd. | 118,509 | $13.5M | 0.04% | −6,399−5.1% | Reduced |
| Neuberger Berman Group LLC | 120,173 | $13.6M | 0.01% | +18,276+17.9% | Added |
| Optimas Capital Ltd | 120,256 | $13.6M | 24.91% | +87,707+269.5% | Added |
| Panagora Asset Management Inc | 123,896 | $14.0M | 0.05% | −82,069−39.8% | Reduced |
| Himension Fund | 127,812 | $14.5M | 0.89% | +16,859+15.2% | Added |
| Nomura Asset Management Co Ltd | 128,886 | $14.6M | 0.04% | +6,033+4.9% | Added |
| Wells Fargo & Company | 135,516 | $15.4M | 0.00% | +7,630+6.0% | Added |