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 |
|---|---|---|---|---|---|
| Myriad Asset Management US LP | 5,297 | $600.6K | 1.01% | −16,238−75.4% | Reduced |
| Eurizon SLJ Capital Ltd | 5,139 | $582.7K | 0.23% | +5,139 | New |
| Bailard, Inc. | 5,000 | $567.0K | 0.01% | 00.0% | Unchanged |
| StepStone Group LP | 5,841 | $561.9K | 0.30% | +5,841 | New |
| TCW Group Inc | 4,881 | $553.5K | 0.00% | +4,881 | New |
| Banco Bilbao Vizcaya Argentaria, S.A. | 4,747 | $538.9K | 0.00% | +1,314+38.3% | Added |
| Johnson Investment Counsel Inc | 4,644 | $526.6K | 0.00% | 00.0% | Unchanged |
| Oddo BHF Asset Management SAS | 4,600 | $521.6K | 0.02% | +1,800+64.3% | Added |
| Cardiff Park Advisors, LLC | 4,556 | $516.6K | 0.04% | 00.0% | Unchanged |
| GWM Advisors LLC | 4,543 | $515.1K | 0.00% | −882−16.3% | Reduced |
| SummitTX Capital, L.P. | 4,528 | $513.4K | 0.02% | +4,528 | New |
| National Philanthropic Trust | 4,526 | $513.2K | 0.01% | 00.0% | Unchanged |
| Old Mission Capital LLC | 4,437 | $503.1K | 0.02% | −83,544−95.0% | Reduced |
| Mercer Global Advisors Inc | 4,154 | $471.0K | 0.00% | −626−13.1% | Reduced |
| Blair William & Co | 4,079 | $462.5K | 0.00% | +1,588+63.7% | Added |
| Commerce Bank | 4,025 | $456.4K | 0.00% | −20.0% | Reduced |
| Frank, Rimerman Advisors LLC | 4,007 | $454.4K | 0.03% | +29+0.7% | Added |
| Robertson Stephens Wealth Management, LLC | 4,000 | $453.6K | 0.01% | 00.0% | Unchanged |
| Aaron Wealth Advisors | 3,962 | $449.3K | 0.02% | +1,143+40.5% | Added |
| Commonwealth Equity Services, LLC | 3,913 | $443.7K | 0.00% | −804−17.0% | Reduced |
| Squarepoint Ops LLC | 3,910 | $443.4K | 0.00% | −386,216−99.0% | Reduced |
| ING Groep NV | 3,887 | $440.7K | 0.00% | −104−2.6% | Reduced |
| MML Investors Services, LLC | 3,882 | $440.2K | 0.00% | +1,930+98.9% | Added |
| Checchi Capital Advisers, LLC | 3,842 | $435.6K | 0.03% | −203−5.0% | Reduced |
| Genus Capital Management Inc. | 3,795 | $430.3K | 0.05% | +3,795 | New |
| Insigneo Advisory Services, LLC | 3,708 | $420.4K | 0.03% | +248+7.2% | Added |
| Jump Financial, LLC | 3,659 | $414.9K | 0.01% | −16,026−81.4% | Reduced |
| Fifth Third Bancorp | 3,649 | $413.8K | 0.00% | +151+4.3% | Added |
| Range Financial Group LLC | 3,620 | $410.5K | 0.14% | +131+3.8% | Added |
| Apollon Wealth Management, LLC | 3,619 | $410.4K | 0.01% | +369+11.4% | Added |
| May Hill Capital, LLC | 3,609 | $409.2K | 0.11% | −748−17.2% | Reduced |
| Advisors Asset Management, Inc. | 3,568 | $404.6K | 0.01% | −639−15.2% | Reduced |
| Keel Point, LLC | 3,512 | $398.2K | 0.02% | −763−17.8% | Reduced |
| Advisors Preferred, LLC | 3,436 | $397.7K | 0.07% | +2,496+265.5% | Added |
| Ronald Blue Trust, Inc. | 3,501 | $397.0K | 0.00% | −593−14.5% | Reduced |
| Wealthfront Advisers LLC | 3,482 | $394.8K | 0.00% | +3,482 | New |
| Sagespring Wealth Partners, LLC | 3,457 | $392.0K | 0.01% | −188−5.2% | Reduced |
| STF Management LP | 3,392 | $384.6K | 0.36% | −3,305−49.4% | Reduced |
| Capital Markets Trading UK LLP | 3,250 | $369.0K | 0.45% | +3,250 | New |
| Severin Investments, LLC | 3,209 | $363.9K | 0.32% | +3,209 | New |
| Lavaca Capital LLC | 3,189 | $361.6K | 0.06% | −769−19.4% | Reduced |
| Ballentine Partners, LLC | 3,178 | $360.4K | 0.01% | +410+14.8% | Added |
| Encompass More Asset Management | 3,168 | $359.2K | 0.07% | +3,168 | New |
| West Family Investments, Inc. | 3,144 | $356.5K | 0.08% | −882−21.9% | Reduced |
| Parallel Advisors, LLC | 3,110 | $352.7K | 0.01% | −20−0.6% | Reduced |
| Legacy Capital Group California, Inc. | 3,092 | $350.6K | 0.08% | +3,092 | New |
| Scientech Research LLC | 3,067 | $347.8K | 0.22% | +3,067 | New |
| IFP Advisors, Inc | 3,050 | $345.8K | 0.01% | +2,994+5,346.4% | Added |
| Baader Bank INC | 3,073 | $345.3K | 0.03% | +3,073 | New |
| Morningstar Investment Management LLC | 3,034 | $344.0K | 0.02% | 00.0% | Unchanged |
| Sustainable Insight Capital Management, LLC | 2,938 | $333.1K | 0.11% | +500+20.5% | Added |
| Frec Markets, Inc. | 2,932 | $332.5K | 0.10% | +2,932 | New |
| Arta Finance Wealth Management LLC | 2,891 | $327.8K | 0.17% | +2,891 | New |
| PDS Planning, Inc | 2,880 | $326.6K | 0.02% | −52−1.8% | Reduced |
| Savant Capital, LLC | 2,816 | $319.3K | 0.00% | +187+7.1% | Added |
| Alpha Family Trust | 2,815 | $319.2K | 0.15% | 00.0% | Unchanged |
| Lester Murray Antman dba SimplyRich | 2,805 | $318.0K | 0.08% | 00.0% | Unchanged |
| Winton Group Ltd | 2,700 | $306.2K | 0.01% | +2,700 | New |
| Campbell & CO Investment Adviser LLC | 2,696 | $305.7K | 0.01% | −18,412−87.2% | Reduced |
| SBI Securities Co., Ltd. | 2,672 | $303.0K | 0.01% | −58−2.1% | Reduced |
| Ethic Inc. | 2,586 | $293.2K | 0.00% | +109+4.4% | Added |
| Q Fund Management (Hong Kong) Ltd | 2,500 | $283.5K | 0.27% | +2,500 | New |
| Hamilton Capital, LLC | 2,441 | $276.8K | 0.01% | +2,441 | New |
| Allegheny Financial Group LTD | 2,412 | $273.5K | 0.04% | +60+2.6% | Added |
| Belvedere Trading LLC | 2,372 | $269.0K | 0.05% | +2,372 | New |
| Bridgewater Advisors Inc. | 2,515 | $266.3K | 0.02% | +94+3.9% | Added |
| BNP Paribas | 2,300 | $260.8K | 0.01% | +800+53.3% | Added |
| one8zero8, LLC | 2,300 | $260.8K | 0.06% | +2,300 | New |
| Alhambra Investment Partners LLC | 2,200 | $249.5K | 0.12% | 00.0% | Unchanged |
| Focus Financial Network, Inc. | 2,174 | $246.5K | 0.01% | −124−5.4% | Reduced |
| Rehmann Capital Advisory Group | 2,122 | $240.6K | 0.01% | +6+0.3% | Added |
| GTS Securities LLC | 2,079 | $235.7K | 0.01% | −29,508−93.4% | Reduced |
| Agf Management Ltd | 2,030 | $230.2K | 0.00% | 00.0% | Unchanged |
| Greenleaf Trust | 2,001 | $226.9K | 0.00% | −22−1.1% | Reduced |
| Plato Investment Management Ltd | 1,940 | $221.0K | 0.01% | 00.0% | Unchanged |
| Evergreen Capital Management LLC | 1,922 | $217.9K | 0.00% | −345−15.2% | Reduced |
| Oakum Bay Capital LLC | 1,900 | $215.4K | 0.11% | +1,900 | New |
| Resources Investment Advisors, LLC. | 1,889 | $214.2K | 0.00% | −100−5.0% | Reduced |
| Lido Advisors, LLC | 1,638 | $213.6K | 0.00% | 00.0% | Unchanged |
| Victory Financial Group, LLC | 1,878 | $212.9K | 0.03% | −937−33.3% | Reduced |
| Prime Capital Investment Advisors, LLC | 1,854 | $210.2K | 0.00% | +19+1.0% | Added |
| Jones Financial Companies LLLP | 1,832 | $207.7K | 0.00% | +523+40.0% | Added |
| Basecamp Wealth Advisors LLC | 1,804 | $204.6K | 0.04% | +1,804 | New |
| Chung Wu Investment Group, LLC | 1,800 | $204.1K | 0.17% | 00.0% | Unchanged |
| Migdal Insurance & Financial Holdings Ltd. | 1,590 | $181.0K | 0.00% | 00.0% | Unchanged |
| EverSource Wealth Advisors, LLC | 1,547 | $175.4K | 0.01% | −285−15.6% | Reduced |
| Global Retirement Partners, LLC | 1,389 | $157.5K | 0.00% | +947+214.3% | Added |
| Compagnie Lombard Odier SCmA | 1,250 | $141.7K | 0.00% | +1,150+1,150.0% | Added |
| Pinnacle Wealth Planning Services, Inc. | 1,190 | $134.9K | 0.01% | +1,190 | New |
| Sankala Group LLC | 1,259 | $130.6K | 0.10% | +1,259 | New |
| SRS Capital Advisors, Inc. | 1,112 | $126.1K | 0.00% | −83−6.9% | Reduced |
| CIBC Private Wealth Group, LLC | 1,092 | $123.8K | 0.00% | 00.0% | Unchanged |
| Stephens Consulting, LLC | 1,000 | $113.4K | 0.04% | 00.0% | Unchanged |
| DV Equities, LLC | 954 | $108.2K | 0.02% | +954 | New |
| Steward Partners Investment Advisory, LLC | 925 | $104.9K | 0.00% | +67+7.8% | Added |
| CWM, LLC | 867 | $98.0K | 0.00% | −18−2.0% | Reduced |
| Generali Investments CEE, investicni spolecnost, a.s. | 786 | $89.1K | 0.01% | 00.0% | Unchanged |
| Bank Julius Baer & Co. Ltd, Zurich | 675 | $76.5K | 0.00% | −1−0.1% | Reduced |
| Accent Capital Management, LLC | 650 | $73.7K | 0.03% | 00.0% | Unchanged |
| Huntington National Bank | 593 | $67.2K | 0.00% | +120+25.4% | Added |