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 |
|---|---|---|---|---|---|
| Engineers Gate Manager LP | 21,056 | $2.39M | 0.03% | +21,056 | New |
| Horizon Investments, LLC | 20,717 | $2.35M | 0.03% | +7,949+62.3% | Added |
| Gsa Capital Partners LLP | 20,700 | $2.35M | 0.20% | +16,134+353.4% | Added |
| M&T Bank Corp | 18,960 | $2.15M | 0.01% | +18,960 | New |
| Cerity Partners LLC | 18,847 | $2.14M | 0.00% | −1,374−6.8% | Reduced |
| Prelude Capital Management, LLC | 18,411 | $2.09M | 0.15% | +8,561+86.9% | Added |
| Maniro Ltd | 18,346 | $2.08M | 0.71% | +18,346 | New |
| Virtu Financial LLC | 18,338 | $2.08M | 0.08% | +18,338 | New |
| AE Wealth Management LLC | 17,900 | $2.03M | 0.01% | +5,795+47.9% | Added |
| Northwestern Mutual Wealth Management Co | 17,704 | $2.01M | 0.00% | +3,076+21.0% | Added |
| JustInvest LLC | 17,688 | $2.01M | 0.02% | −221−1.2% | Reduced |
| Yousif Capital Management, LLC | 18,501 | $1.93M | 0.02% | 00.0% | Unchanged |
| Bank of Nova Scotia | 16,662 | $1.89M | 0.00% | +14,427+645.5% | Added |
| Keywise Capital Management (HK) Ltd | 16,500 | $1.87M | 0.15% | −203,350−92.5% | Reduced |
| Advisory Services Network, LLC | 16,451 | $1.87M | 0.03% | +993+6.4% | Added |
| Persistent Asset Partners Ltd | 16,423 | $1.86M | 0.90% | −5,432−24.9% | Reduced |
| NLB Skladi, upravljanje premozenja, d.o.o. | 16,349 | $1.85M | 0.08% | +16,349 | New |
| Henry James International Management, Inc. | 16,148 | $1.83M | 0.58% | −30−0.2% | Reduced |
| Boothbay Fund Management, LLC | 16,081 | $1.82M | 0.05% | +4,430+38.0% | Added |
| Laird Norton Trust Company, LLC | 15,852 | $1.80M | 0.04% | +15,852 | New |
| NewEdge Wealth, LLC | 15,583 | $1.77M | 0.02% | +535+3.6% | Added |
| Vise Technologies, Inc. | 15,131 | $1.72M | 0.03% | −91−0.6% | Reduced |
| united american securities inc. (d/b/a uas asset management) | 15,000 | $1.70M | 0.36% | +2,500+20.0% | Added |
| Simplex Trading, LLC | 14,795 | $1.68M | 0.05% | −448,657−96.8% | Reduced |
| Wahed Invest LLC | 14,764 | $1.67M | 0.22% | +952+6.9% | Added |
| Maxi Investments CY Ltd | 14,308 | $1.62M | 0.29% | +14,308 | New |
| Solstein Capital, LLC | 14,233 | $1.61M | 0.65% | −466−3.2% | Reduced |
| Central Asset Investments & Management Holdings (HK) Ltd | 14,083 | $1.60M | 1.04% | −24,267−63.3% | Reduced |
| Howard Capital Management Inc. | 14,034 | $1.59M | 0.02% | +395+2.9% | Added |
| Private Advisor Group, LLC | 13,619 | $1.54M | 0.01% | −2,415−15.1% | Reduced |
| Farther Finance Advisors, LLC | 13,528 | $1.53M | 0.02% | +2,049+17.8% | Added |
| Envestnet Asset Management Inc | 13,394 | $1.52M | 0.00% | −5,441−28.9% | Reduced |
| Colony Group, LLC | 13,886 | $1.51M | 0.00% | +142+1.0% | Added |
| Ritholtz Wealth Management | 13,288 | $1.51M | 0.03% | +957+7.8% | Added |
| Banco Santander, S.A. | 12,766 | $1.45M | 0.01% | −293−2.2% | Reduced |
| Cigna Investments Inc | 12,464 | $1.41M | 0.21% | −219−1.7% | Reduced |
| EFG International AG | 12,013 | $1.36M | 0.03% | +12,013 | New |
| Intercapital, LLC | 11,900 | $1.35M | 0.71% | +11,900 | New |
| Texas Yale Capital Corp. | 11,728 | $1.33M | 0.04% | −3,635−23.7% | Reduced |
| Ieq Capital, LLC | 11,666 | $1.32M | 0.00% | −830−6.6% | Reduced |
| Sicart Associates LLC | 11,631 | $1.32M | 0.35% | +931+8.7% | Added |
| Alberta Investment Management Corp | 11,300 | $1.28M | 0.01% | −6,000−34.7% | Reduced |
| Toronto Dominion Bank | 11,225 | $1.27M | 0.00% | −23,187−67.4% | Reduced |
| Fosun International Ltd | 11,038 | $1.25M | 0.29% | +11,038 | New |
| Cetera Investment Advisers | 10,865 | $1.23M | 0.00% | −200−1.8% | Reduced |
| Credit Industriel Et Commercial | 10,849 | $1.23M | 0.18% | +6,997+181.6% | Added |
| Pathstone Holdings, LLC | 10,774 | $1.22M | 0.00% | +320+3.1% | Added |
| ICICI Prudential Asset Management Co Ltd | 10,719 | $1.22M | 0.14% | +462+4.5% | Added |
| QRG Capital Management, Inc. | 10,605 | $1.20M | 0.01% | −222−2.1% | Reduced |
| Fairtree Asset Management (Pty) Ltd | 10,209 | $1.16M | 0.53% | −4,230−29.3% | Reduced |
| Sava Infond d.o.o. | 9,400 | $1.07M | 0.14% | +1,100+13.3% | Added |
| State of Wyoming | 9,280 | $1.05M | 0.12% | −340−3.5% | Reduced |
| Atomi Financial Group, Inc. | 9,119 | $1.03M | 0.03% | +783+9.4% | Added |
| Bracebridge Capital, LLC | 9,000 | $1.02M | 0.37% | +9,000 | New |
| Ci Investments Inc. | 8,984 | $1.02M | 0.00% | −85,783−90.5% | Reduced |
| Tuttle Tactical Management | 8,866 | $1.01M | 2.22% | +2,438+37.9% | Added |
| Kovitz Investment Group Partners, LLC | 8,847 | $1.00M | 0.02% | +8,847 | New |
| Pinebridge Investments Asia Ltd | 8,830 | $1.00M | 0.34% | +8,830 | New |
| Advisor Group Holdings, Inc. | 8,530 | $967.1K | 0.00% | −2,206−20.5% | Reduced |
| HighTower Advisors, LLC | 8,486 | $962.2K | 0.00% | −4,438−34.3% | Reduced |
| Clough Capital Partners L P | 8,450 | $958.1K | 0.09% | −9,700−53.4% | Reduced |
| CI Private Wealth, LLC | 8,440 | $957.0K | 0.00% | +75+0.9% | Added |
| Sparta 24 Ltd. | 8,371 | $949.2K | 0.81% | +8,371 | New |
| Fullerton Fund Management Co Ltd. | 8,179 | $927.4K | 0.04% | +8,179 | New |
| Paradiem, LLC | 8,059 | $913.8K | 0.22% | −19−0.2% | Reduced |
| Redwood Investment Management, LLC | 7,968 | $903.0K | 0.10% | +7,968 | New |
| Signaturefd, LLC | 7,951 | $901.6K | 0.01% | −342−4.1% | Reduced |
| Comprehensive Financial Management LLC | 7,789 | $883.2K | 0.03% | −354−4.3% | Reduced |
| State of Wisconsin Investment Board | 7,748 | $878.5K | 0.00% | −5,289−40.6% | Reduced |
| DRW Securities, LLC | 7,699 | $873.0K | 0.07% | +7,699 | New |
| Penserra Capital Management LLC | 7,509 | $851.0K | 0.01% | −2,062−21.5% | Reduced |
| Natixis | 7,459 | $845.8K | 0.00% | −22,998−75.5% | Reduced |
| Cambridge Investment Research Advisors, Inc. | 7,285 | $826.0K | 0.00% | +5,357+277.9% | Added |
| ABN AMRO Bank N.V. | 7,293 | $823.9K | 0.01% | −445−5.8% | Reduced |
| Principal Financial Group Inc | 6,971 | $790.4K | 0.00% | +6,971 | New |
| Merit Financial Group, LLC | 6,936 | $786.5K | 0.01% | +2,242+47.8% | Added |
| Quantbot Technologies LP | 6,773 | $768.0K | 0.03% | +6,773 | New |
| Capstone Investment Advisors, LLC | 6,676 | $757.0K | 0.01% | +3,501+110.3% | Added |
| CIBC World Markets Inc. | 6,615 | $750.1K | 0.00% | +3,478+110.9% | Added |
| Nine Masts Capital Ltd | 6,586 | $746.8K | 0.13% | +6,586 | New |
| Hennion & Walsh Asset Management, Inc. | 6,502 | $737.3K | 0.03% | +252+4.0% | Added |
| RWC Asset Management LLP | 6,390 | $724.6K | 0.04% | 00.0% | Unchanged |
| Global Endowment Management, LP | 6,358 | $721.0K | 0.09% | −2,099−24.8% | Reduced |
| Abn Amro Investment Solutions | 6,300 | $714.4K | 0.01% | +6,300 | New |
| The PNC Financial Services Group, Inc. | 6,211 | $704.3K | 0.00% | −386−5.9% | Reduced |
| US Bancorp | 6,174 | $700.1K | 0.00% | +107+1.8% | Added |
| QVT Financial LP | 6,042 | $685.1K | 0.07% | +1,314+27.8% | Added |
| 111 Capital | 6,018 | $682.4K | 0.15% | +625+11.6% | Added |
| 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 |
| Sequoia Financial Advisors, LLC | 5,845 | $662.8K | 0.00% | −686−10.5% | Reduced |
| Polaris Capital Management, LLC | 5,700 | $646.3K | 0.05% | +5,700 | New |
| CAPROCK Group, Inc. | 5,687 | $644.8K | 0.01% | +84+1.5% | Added |
| Flossbach Von Storch AG | 5,665 | $642.4K | 0.00% | +1,420+33.5% | Added |
| Banque Cantonale Vaudoise | 5,665 | $642.0K | 0.02% | +1,904+50.6% | Added |
| Commons Capital, LLC | 5,600 | $635.0K | 0.45% | 00.0% | Unchanged |
| Osmosis Investment Management UK Ltd | 5,573 | $631.9K | 0.02% | +5,573 | New |
| Rockefeller Capital Management L.P. | 5,569 | $631.5K | 0.00% | −2,324−29.4% | Reduced |
| Hilltop Holdings Inc. | 5,504 | $624.1K | 0.04% | +5,504 | New |
| BIT Capital GmbH | 5,356 | $607.3K | 0.03% | −178,067−97.1% | Reduced |