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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.

Institutional holdersQ4 2025: 574 institutions
Q1 2021: 442 institutionsQ2 2021: 415 institutionsQ3 2021: 396 institutionsQ4 2021: 362 institutionsQ1 2022: 353 institutionsQ2 2022: 394 institutionsQ3 2022: 411 institutionsQ4 2022: 451 institutionsQ1 2023: 468 institutionsQ2 2023: 452 institutionsQ3 2023: 473 institutionsQ4 2023: 584 institutionsQ1 2024: 577 institutionsQ2 2024: 646 institutionsQ3 2024: 602 institutionsQ4 2024: 587 institutionsQ1 2025: 584 institutionsQ2 2025: 537 institutionsQ3 2025: 560 institutionsQ4 2025: 574 institutionsQ1 2026: 568 institutionsQ2 2026: 508 institutions
Value heldQ4 2025: $49.6B
Q1 2021: $31.9BQ2 2021: $31.8BQ3 2021: $24.7BQ4 2021: $15.7BQ1 2022: $11.0BQ2 2022: $17.7BQ3 2022: $19.2BQ4 2022: $26.5BQ1 2023: $25.9BQ2 2023: $23.2BQ3 2023: $35.8BQ4 2023: $55.8BQ1 2024: $44.2BQ2 2024: $57.6BQ3 2024: $55.8BQ4 2024: $39.5BQ1 2025: $49.1BQ2 2025: $42.9BQ3 2025: $53.9BQ4 2025: $49.6BQ1 2026: $43.4BQ2 2026: $32.9B
Institutions holding PDD and their total value by quarter
QuarterHoldersValue
Q2 2026508$32.9B
Q1 2026568$43.4B
Q4 2025574$49.6B
Q3 2025560$53.9B
Q2 2025537$42.9B
Q1 2025584$49.1B
Q4 2024587$39.5B
Q3 2024602$55.8B
Q2 2024646$57.6B
Q1 2024577$44.2B
Q4 2023584$55.8B
Q3 2023473$35.8B
Q2 2023452$23.2B
Q1 2023468$25.9B
Q4 2022451$26.5B
Q3 2022411$19.2B
Q2 2022394$17.7B
Q1 2022353$11.0B
Q4 2021362$15.7B
Q3 2021396$24.7B
Q2 2021415$31.8B
Q1 2021442$31.9B

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding PDD Holdings Inc.; share changes are against Q3 2025.

Institutions holding PDD in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Los Angeles Capital Management LLC0$00.00%−19,721−100.0%Sold out
Boston Partners0$00.00%−18,697−100.0%Sold out
Maytus Capital Management, LLC0$00.00%−18,000−100.0%Sold out
Investment House LLC0$00.00%−17,913−100.0%Sold out
Johns Hopkins University0$00.00%−14,088−100.0%Sold out
Northwest & Ethical Investments L.P.0$00.00%−13,166−100.0%Sold out
Newlands Management Operations LLC0$00.00%−12,050−100.0%Sold out
RD Finance Ltd0$00.00%−9,328−100.0%Sold out
Hudson Bay Capital Management LP0$00.00%−9,186−100.0%Sold out
Hershey Trust Co0$00.00%−8,123−100.0%Sold out
Edgestream Partners, L.P.0$00.00%−7,565−100.0%Sold out
Bayesian Capital Management, LP0$00.00%−7,500−100.0%Sold out
Allianz SE0$00.00%−7,446−100.0%Sold out
Pathway Capital Management, LP0$00.00%−7,197−100.0%Sold out
Oberweis Asset Management Inc0$00.00%−7,000−100.0%Sold out
Axq Capital, LP0$00.00%−4,497−100.0%Sold out
Dynamic Technology Lab Private Ltd0$00.00%−3,997−100.0%Sold out
Two Sigma Securities, LLC0$00.00%−3,695−100.0%Sold out
Pitcairn Co0$00.00%−3,070−100.0%Sold out
IFG Advisory, LLC0$00.00%−2,737−100.0%Sold out
International Assets Investment Management, LLC0$00.00%−2,905−100.0%Sold out
Arista Wealth Management, LLC0$00.00%−2,300−100.0%Sold out
Accuvest Global Advisors0$00.00%−2,140−100.0%Sold out
Independent Financial Group, LLC0$00.00%−2,129−100.0%Sold out
Resonant Capital Advisors, LLC0$00.00%−1,685−100.0%Sold out
MN Wealth Advisors, LLC0$00.00%−1,605−100.0%Sold out
AQR Capital Management LLC0$00.00%−1,548−100.0%Sold out
Sanctuary Advisors, LLC0$00.00%−1,542−100.0%Sold out
Fortis Capital Management LLC0$00.00%−1,536−100.0%Sold out
U.S. Capital Wealth Advisors, LLC0$00.00%−1,516−100.0%Sold out
Wolverine Asset Management LLC0$00.00%−1,288−100.0%Sold out
Goldstream Capital Management Ltd0$00.00%−533−100.0%Sold out
Groupe la Francaise0$00.00%−500−100.0%Sold out
Bayforest Capital Ltd0$00.00%−305−100.0%Sold out
Future Financial Wealth Managment LLC0$00.00%−250−100.0%Sold out
Ameritas Advisory Services, LLC0$00.00%−250−100.0%Sold out
Wealthspire Advisors, LLC0$00.00%−219−100.0%Sold out
Principal Securities, Inc.0$00.00%−208−100.0%Sold out
Mather Group, LLC.0$00.00%−103−100.0%Sold out
JPL Wealth Management, LLC0$00.00%−21−100.0%Sold out
Bogart Wealth, LLC0$00.00%−17−100.0%Sold out
Hazlett, Burt & Watson, Inc.0$00.00%−10−100.0%Sold out
Geneos Wealth Management Inc.0$00.00%−5−100.0%Sold out
Logan Capital Management Inc0$00.00%−3−100.0%Sold out
GPS Wealth Strategies Group, LLC0$00.00%−1−100.0%Sold out
Y.D. More Investments Ltd0$00.00%−179−100.0%Sold out
Point72 Hong Kong Ltd––––Not filed
Franchise Capital Ltd––––Not filed
AXA Investment Managers S.A.––––Not filed
Blue Creek Capital Management Ltd––––Not filed
Aware Super Pty Ltd as trustee of Aware Super––––Not filed
Wolverine Trading, LLC––––Not filed
Shell Asset Management Co––––Not filed
CIBC Bancorp USA Inc.––––Not filed
HAP Trading, LLC––––Not filed
Wetherby Asset Management Inc––––Not filed
Pinebridge Investments, L.P.––––Not filed
Eisler Capital Management Ltd.––––Not filed
First Affirmative Financial Network––––Not filed
Binnacle Investments Inc––––Not filed