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 |
|---|---|---|---|---|---|
| AustralianSuper Pty Ltd | 79,200 | $8.98M | 0.04% | +37,778+91.2% | Added |
| Union Bancaire Privee, UBP SA | 87,229 | $8.94M | 0.15% | +29,770+51.8% | Added |
| Platinum Investment Management Ltd | 78,445 | $8.89M | 2.06% | −10,064−11.4% | Reduced |
| Copos Capital S.a r.l. | 78,300 | $8.88M | 6.20% | +78,300 | New |
| Brinker Capital Investments, LLC | 77,601 | $8.80M | 0.06% | +32,339+71.4% | Added |
| Daiwa Securities Group Inc. | 76,875 | $8.72M | 0.03% | +6,590+9.4% | Added |
| Shelton Capital Management | 76,164 | $8.64M | 0.17% | +6,884+9.9% | Added |
| IFM Investors Pty Ltd | 75,003 | $8.51M | 0.07% | +2,981+4.1% | Added |
| Step Capital Management Pte. Ltd. | 75,000 | $8.50M | 4.49% | +75,000 | New |
| Walleye Capital LLC | 73,216 | $8.30M | 0.05% | −65,860−47.4% | Reduced |
| FACT Capital, LP | 73,156 | $8.30M | 4.64% | +12,230+20.1% | Added |
| Rhumbline Advisers | 72,766 | $8.25M | 0.01% | −3,437−4.5% | Reduced |
| Bright Valley Capital Ltd | 72,600 | $8.23M | 5.58% | +72,600 | New |
| Capitolis Liquid Global Markets LLC | 72,000 | $8.16M | 0.05% | −4,000−5.3% | Reduced |
| New York State Common Retirement Fund | 69,234 | $7.85M | 0.01% | −14,412−17.2% | Reduced |
| Banco BTG Pactual S.A. | 68,967 | $7.82M | 1.39% | +39,635+135.1% | Added |
| DnB Asset Management AS | 66,782 | $7.57M | 0.03% | +7,682+13.0% | Added |
| Dymon Asia Capital (Singapore) Pte. Ltd. | 64,917 | $7.36M | 1.63% | +36,122+125.4% | Added |
| Clear Street Markets LLC | 64,117 | $7.27M | 1.30% | +64,117 | New |
| CMT Capital Markets Trading GmbH | 63,508 | $7.20M | 4.77% | +3,574+6.0% | Added |
| Siren, L.L.C. | 63,401 | $7.19M | 0.21% | +20,000+46.1% | Added |
| Rakuten Investment Management, Inc. | 62,688 | $7.16M | 0.02% | −75,855−54.8% | Reduced |
| Marathon Trading Investment Management LLC | 62,986 | $7.14M | 0.85% | +23,100+57.9% | Added |
| Bamco Inc | 62,386 | $7.07M | 0.02% | 00.0% | Unchanged |
| Janney Capital Management LLC | 62,035 | $7.03M | 0.44% | −4,640−7.0% | Reduced |
| Prudential Financial Inc | 60,984 | $6.94M | 0.01% | +5,058+9.0% | Added |
| La Banque Postale Asset Management SA | 59,000 | $6.69M | 0.08% | +59,000 | New |
| B. Metzler seel. Sohn & Co. AG | 58,208 | $6.60M | 0.06% | +30,945+113.5% | Added |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 58,117 | $6.59M | 0.03% | 00.0% | Unchanged |
| Leonteq Securities AG | 57,843 | $6.56M | 0.35% | +30,972+115.3% | Added |
| ABS Direct Equity Fund LLC | 57,530 | $6.52M | 7.76% | +14,497+33.7% | Added |
| Vident Advisory, LLC | 57,280 | $6.49M | 0.06% | +36,243+172.3% | Added |
| CastleKnight Management LP | 56,700 | $6.43M | 0.37% | 00.0% | Unchanged |
| Comgest Global Investors S.A.S. | 55,752 | $6.32M | 0.11% | −757−1.3% | Reduced |
| Jane Street Group, LLC | 55,066 | $6.24M | 0.01% | −4,620,563−98.8% | Reduced |
| O'Shaughnessy Asset Management, LLC | 53,219 | $6.03M | 0.03% | +1,764+3.4% | Added |
| Yarbrough Capital, LLC | 53,202 | $6.03M | 0.19% | 00.0% | Unchanged |
| Quantinno Capital Management LP | 52,709 | $5.98M | 0.01% | −857−1.6% | Reduced |
| Quadrature Capital Ltd | 50,210 | $5.69M | 0.06% | −178,544−78.1% | Reduced |
| Federation des caisses Desjardins du Quebec | 50,105 | $5.68M | 0.02% | +17,521+53.8% | Added |
| Yong Rong (HK) Asset Management Ltd | 50,000 | $5.67M | 1.73% | +50,000 | New |
| Pacer Advisors, Inc. | 48,488 | $5.50M | 0.01% | +1,964+4.2% | Added |
| Seldon Capital LP | 48,226 | $5.47M | 1.89% | −1,250−2.5% | Reduced |
| Crake Asset Management LLP | 46,000 | $5.22M | 0.20% | +46,000 | New |
| Sumitomo Mitsui DS Asset Management Company, Ltd | 45,845 | $5.20M | 0.04% | −8,611−15.8% | Reduced |
| Louisiana State Employees Retirement System | 44,700 | $5.07M | 0.09% | −4,000−8.2% | Reduced |
| Creative Planning | 44,609 | $5.06M | 0.00% | −4,820−9.8% | Reduced |
| Thrivent Financial for Lutherans | 44,491 | $5.04M | 0.01% | +7,670+20.8% | Added |
| STRS Ohio | 41,895 | $4.75M | 0.02% | −60−0.1% | Reduced |
| Raymond James Financial Inc | 40,947 | $4.64M | 0.00% | +4,665+12.9% | Added |
| Vontobel Holding Ltd. | 40,787 | $4.62M | 0.02% | +366+0.9% | Added |
| State of New Jersey Common Pension Fund D | 40,370 | $4.58M | 0.02% | +40,370 | New |
| China Universal Asset Management Co., Ltd. | 40,052 | $4.54M | 0.35% | +11,695+41.2% | Added |
| LPL Financial LLC | 38,831 | $4.40M | 0.00% | −1,241−3.1% | Reduced |
| Hel Ved Capital Management Ltd | 38,637 | $4.38M | 1.51% | +200+0.5% | Added |
| Tower Research Capital LLC (TRC) | 38,324 | $4.35M | 0.11% | +29,408+329.8% | Added |
| Varma Mutual Pension Insurance Co | 37,500 | $4.25M | 0.03% | +3,500+10.3% | Added |
| Edmond de Rothschild Holding S.A. | 37,163 | $4.21M | 0.06% | +4,000+12.1% | Added |
| Virtus Family Office LLC | 37,134 | $4.21M | 3.63% | +482+1.3% | Added |
| Van Eck Associates Corp | 36,560 | $4.14M | 0.00% | −5,180−12.4% | Reduced |
| Liontrust Investment Partners LLP | 36,392 | $4.13M | 0.06% | −41,895−53.5% | Reduced |
| Saba Capital Management, L.P. | 36,318 | $4.12M | 0.14% | +14,179+64.0% | Added |
| Ensign Peak Advisors, Inc | 36,200 | $4.10M | 0.01% | 00.0% | Unchanged |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 35,837 | $4.06M | 0.00% | −18,702−34.3% | Reduced |
| AIA Group Ltd | 35,538 | $4.03M | 0.06% | +35,538 | New |
| Myriad Asset Management Advisors LLC | 35,106 | $3.98M | 1.23% | +35,106 | New |
| Freemont Capital Pte Ltd | 35,000 | $3.97M | 0.09% | 00.0% | Unchanged |
| Capula Management Ltd | 34,442 | $3.91M | 0.03% | +33,442+3,344.2% | Added |
| Mawer Investment Management Ltd. | 34,390 | $3.90M | 0.02% | −100.0% | Reduced |
| Gulf International Bank (UK) Ltd | 33,871 | $3.84M | 0.12% | 00.0% | Unchanged |
| Crossmark Global Holdings, Inc. | 32,859 | $3.73M | 0.05% | +7,631+30.2% | Added |
| CIBC World Markets Corp | 32,445 | $3.68M | 0.02% | +32,445 | New |
| Skopos Labs, Inc. | 31,958 | $3.65M | 0.17% | +24,468+326.7% | Added |
| Verition Fund Management LLC | 31,797 | $3.61M | 0.02% | −68,514−68.3% | Reduced |
| All-Stars Investment Ltd | 31,650 | $3.59M | 1.34% | −3,350−9.6% | Reduced |
| Polen Capital Management LLC | 31,329 | $3.55M | 0.02% | −31,954−50.5% | Reduced |
| UBS Oconnor LLC | 31,107 | $3.53M | 0.09% | −15,694−33.5% | Reduced |
| Wexford Capital LP | 30,371 | $3.44M | 0.89% | +30,040+9,075.5% | Added |
| Parametrica Management Ltd | 29,230 | $3.31M | 5.11% | +10,000+52.0% | Added |
| Alps Advisors Inc | 29,033 | $3.29M | 0.02% | −965−3.2% | Reduced |
| Kepler Cheuvreux (Suisse) SA | 28,007 | $3.18M | 0.18% | +2,085+8.0% | 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 |
| Omers Administration Corp | 27,805 | $3.15M | 0.02% | +20,728+292.9% | Added |
| Capital International Sarl | 27,738 | $3.15M | 0.05% | +1,932+7.5% | Added |
| Ssa Swiss Advisors AG | 27,445 | $3.13M | 1.46% | 00.0% | Unchanged |
| AI-Squared Management Ltd | 27,143 | $3.08M | 3.57% | −153,365−85.0% | Reduced |
| Norinchukin Bank, The | 25,317 | $2.87M | 0.03% | +4,081+19.2% | Added |
| PKO Investment Management Joint-Stock Co | 25,000 | $2.83M | 0.23% | +10,000+66.7% | Added |
| Turn8 Private Wealth Inc. | 24,446 | $2.77M | 1.99% | 00.0% | Unchanged |
| Ameritas Investment Partners, Inc. | 24,147 | $2.74M | 0.08% | +1,871+8.4% | Added |
| RWC Asset Advisors (US) LLC | 24,040 | $2.73M | 0.52% | +24,040 | New |
| Intech Investment Management LLC | 23,223 | $2.63M | 0.02% | +2,993+14.8% | Added |
| Capstone Capital Management Ltd | 22,530 | $2.55M | 2.45% | +22,530 | New |
| Veritas Asset Management LLP | 22,506 | $2.55M | 0.03% | 00.0% | Unchanged |
| Hantz Financial Services, Inc. | 22,459 | $2.55M | 0.04% | −1,135−4.8% | Reduced |
| GAM Holding AG | 22,196 | $2.52M | 0.16% | −23,500−51.4% | Reduced |
| Mariner, LLC | 22,092 | $2.51M | 0.00% | +165+0.8% | Added |
| Qtron Investments LLC | 21,373 | $2.42M | 0.32% | −1,949−8.4% | Reduced |
| Quadrant Capital Group LLC | 21,197 | $2.40M | 0.07% | −39−0.2% | Reduced |