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 |
|---|---|---|---|---|---|
| Kestra Advisory Services, LLC | 564 | $64.0K | 0.00% | +564 | New |
| EMC Capital Management | 500 | $60.0K | 0.03% | −500−50.0% | Reduced |
| Westside Investment Management, Inc. | 458 | $52.9K | 0.01% | +10+2.2% | Added |
| DV Trading LLC | 452 | $51.3K | 0.00% | +452 | New |
| Assetmark, Inc | 431 | $48.9K | 0.00% | +29+7.2% | Added |
| Larson Financial Group LLC | 405 | $45.9K | 0.00% | +3+0.7% | Added |
| UBS Asset Management Americas Inc | 392 | $44.4K | 0.00% | +392 | New |
| Smartleaf Asset Management LLC | 377 | $42.9K | 0.00% | +263+230.7% | Added |
| Activest Wealth Management | 350 | $39.7K | 0.01% | −964−73.4% | Reduced |
| Nisa Investment Advisors, LLC | 315 | $35.7K | 0.00% | +15+5.0% | Added |
| Catalyst Capital Advisors LLC | 278 | $31.5K | 0.00% | −49−15.0% | Reduced |
| GAMMA Investing LLC | 278 | $31.5K | 0.00% | +238+595.0% | Added |
| Allworth Financial LP | 237 | $26.9K | 0.00% | −19−7.4% | Reduced |
| Umb Bank N A | 232 | $26.3K | 0.00% | +62+36.5% | Added |
| TD Waterhouse Canada Inc. | 201 | $22.8K | 0.00% | +200+20,000.0% | Added |
| BOCHK Asset Management Ltd | 200 | $22.7K | 0.01% | −7,300−97.3% | Reduced |
| Atlantic Union Bankshares Corp | 200 | $22.7K | 0.00% | 00.0% | Unchanged |
| Private Trust Co NA | 141 | $16.0K | 0.00% | +31+28.2% | Added |
| Highline Wealth Partners LLC | 133 | $15.1K | 0.00% | +82+160.8% | Added |
| Creative Financial Designs Inc | 112 | $12.7K | 0.00% | 00.0% | Unchanged |
| JFS Wealth Advisors, LLC | 109 | $12.4K | 0.00% | 00.0% | Unchanged |
| Bessemer Group Inc | 106 | $12.0K | 0.00% | 00.0% | Unchanged |
| Harbour Investments, Inc. | 94 | $10.7K | 0.00% | +88+1,466.7% | Added |
| Ramirez Asset Management, Inc. | 90 | $10.2K | 0.00% | 00.0% | Unchanged |
| Capital Analysts, LLC | 85 | $10.0K | 0.00% | 00.0% | Unchanged |
| Key Financial Inc | 82 | $9.30K | 0.00% | 00.0% | Unchanged |
| Financial Perspectives, Inc | 81 | $9.19K | 0.00% | 00.0% | Unchanged |
| Murphy & Mullick Capital Management Corp | 74 | $8.39K | 0.01% | 00.0% | Unchanged |
| WealthCollab, LLC | 73 | $8.28K | 0.00% | 00.0% | Unchanged |
| Bell Investment Advisors, Inc | 73 | $8.28K | 0.00% | +6+9.0% | Added |
| UMA Financial Services, Inc. | 65 | $7.37K | 0.00% | +9+16.1% | Added |
| Quarry LP | 57 | $6.46K | 0.00% | +30+111.1% | Added |
| Modus Advisors, LLC | 50 | $5.67K | 0.00% | +50 | New |
| SageView Advisory Group, LLC | 47 | $5.33K | 0.00% | +47 | New |
| Crewe Advisors LLC | 46 | $5.22K | 0.00% | 00.0% | Unchanged |
| Root Financial Partners, LLC | 44 | $4.99K | 0.00% | +8+22.2% | Added |
| Elyxium Wealth, LLC | 43 | $4.88K | 0.00% | +43 | New |
| Parkside Financial Bank & Trust | 35 | $3.97K | 0.00% | 00.0% | Unchanged |
| New Age Alpha Advisors, LLC | 35 | $3.97K | 0.00% | 00.0% | Unchanged |
| North Star Investment Management Corp. | 34 | $3.85K | 0.00% | +30+750.0% | Added |
| Bare Financial Services, Inc | 33 | $3.74K | 0.00% | +27+450.0% | Added |
| Brown Brothers Harriman & Co | 27 | $3.06K | 0.00% | +11+68.8% | Added |
| Clean Yield Group | 26 | $2.95K | 0.00% | 00.0% | Unchanged |
| Cornerstone Financial Management LLC | 25 | $2.83K | 0.00% | +25 | New |
| MAI Capital Management | 22 | $2.50K | 0.00% | −63−74.1% | Reduced |
| Bank of Jackson Hole Trust | 22 | $2.50K | 0.00% | +22 | New |
| Spire Wealth Management | 21 | $2.38K | 0.00% | 00.0% | Unchanged |
| IMA Wealth, Inc. | 18 | $2.04K | 0.00% | +18 | New |
| Signature Equity Partners, LLC | 18 | $2.04K | 0.00% | +18 | New |
| Avion Wealth | 25 | $2.00K | 0.00% | 00.0% | Unchanged |
| Archer Investment Corp | 17 | $1.93K | 0.00% | 00.0% | Unchanged |
| AdvisorNet Financial, Inc | 17 | $1.93K | 0.00% | +9+112.5% | Added |
| Nemes Rush Group LLC | 17 | $1.93K | 0.00% | +17 | New |
| Raffa Wealth Management, LLC | 12 | $1.36K | 0.00% | 00.0% | Unchanged |
| True Wealth Design, LLC | 11 | $1.25K | 0.00% | −11−50.0% | Reduced |
| Steigerwald, Gordon & Koch Inc. | 11 | $1.25K | 0.00% | +11 | New |
| Elevated Capital Advisors, LLC | 10 | $1.13K | 0.00% | +10 | New |
| SWAN Capital LLC | 8 | $907 | 0.00% | 00.0% | Unchanged |
| Abound Wealth Management | 6 | $681 | 0.00% | 00.0% | Unchanged |
| Golden State Wealth Management, LLC | 6 | $680 | 0.00% | 00.0% | Unchanged |
| Triumph Capital Management | 6 | $680 | 0.00% | +6 | New |
| Sound Income Strategies, LLC | 6 | $641 | 0.00% | 00.0% | Unchanged |
| Asset Dedication, LLC | 5 | $567 | 0.00% | 00.0% | Unchanged |
| American National Bank | 5 | $567 | 0.00% | +5 | New |
| Frazier Financial Advisors, LLC | 4 | $454 | 0.00% | 00.0% | Unchanged |
| Trust Co | 4 | $454 | 0.00% | +4 | New |
| Financial Consulate, Inc | 3 | $341 | 0.00% | +3 | New |
| Rossby Financial, LCC | 3 | $340 | 0.00% | 00.0% | Unchanged |
| TD Private Client Wealth LLC | 3 | $340 | 0.00% | 00.0% | Unchanged |
| Stone House Investment Management, LLC | 2 | $227 | 0.00% | −8−80.0% | Reduced |
| Beaird Harris Wealth Management, LLC | 1 | $114 | 0.00% | −5−83.3% | Reduced |
| Toth Financial Advisory Corp | 1 | $114 | 0.00% | +1 | New |
| Avenir Tech Ltd | 1 | $113 | 0.00% | 00.0% | Unchanged |
| Ankerstar Wealth, LLC | 1 | $113 | 0.00% | +1 | New |
| Altimeter Capital Management, LPSuperinvestorAltimeter Capital | 0 | $0 | 0.00% | −1,371,680−100.0% | Sold out |
| Susquehanna Advisors Group, Inc. | 0 | $0 | 0.00% | −954,200−100.0% | Sold out |
| WT Asset Management Ltd | 0 | $0 | 0.00% | −756,540−100.0% | Sold out |
| Point72 Asset Management, L.P. | 0 | $0 | 0.00% | −614,101−100.0% | Sold out |
| Trivest Advisors Ltd | 0 | $0 | 0.00% | −490,000−100.0% | Sold out |
| RV Capital GmbH | 0 | $0 | 0.00% | −301,232−100.0% | Sold out |
| Monolith Management Ltd | 0 | $0 | 0.00% | −209,393−100.0% | Sold out |
| Ardmore Road Asset Management LP | 0 | $0 | 0.00% | −200,000−100.0% | Sold out |
| Tiger Pacific Capital LP | 0 | $0 | 0.00% | −187,323−100.0% | Sold out |
| Wim Investment Management Ltd | 0 | $0 | 0.00% | −157,968−100.0% | Sold out |
| Ossiam | 0 | $0 | 0.00% | −134,000−100.0% | Sold out |
| Hidden Lake Asset Management LP | 0 | $0 | 0.00% | −120,847−100.0% | Sold out |
| 3G Capital Partners LP | 0 | $0 | 0.00% | −100,000−100.0% | Sold out |
| Owl Creek Asset Management, L.P. | 0 | $0 | 0.00% | −89,732−100.0% | Sold out |
| Contrarius Group Holdings Ltd | 0 | $0 | 0.00% | −85,372−100.0% | Sold out |
| Holocene Advisors, LP | 0 | $0 | 0.00% | −83,528−100.0% | Sold out |
| AMS Capital Ltda | 0 | $0 | 0.00% | −67,854−100.0% | Sold out |
| Nishkama Capital, LLC | 0 | $0 | 0.00% | −67,162−100.0% | Sold out |
| Schonfeld Strategic Advisors LLC | 0 | $0 | 0.00% | −54,041−100.0% | Sold out |
| Y-Intercept (Hong Kong) Ltd | 0 | $0 | 0.00% | −52,421−100.0% | Sold out |
| Caption Management, LLC | 0 | $0 | 0.00% | −49,947−100.0% | Sold out |
| Quantitative Investment Management, LLC | 0 | $0 | 0.00% | −39,402−100.0% | Sold out |
| Integrated Quantitative Investments LLC | 0 | $0 | 0.00% | −37,723−100.0% | Sold out |
| SIH Partners, LLLP | 0 | $0 | 0.00% | −36,200−100.0% | Sold out |
| Gunderson Capital Management Inc. | 0 | $0 | 0.00% | −27,180−100.0% | Sold out |
| Woodline Partners LP | 0 | $0 | 0.00% | −21,204−100.0% | Sold out |