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, Q1 2026
Institutional positions in PDD Holdings Inc. as of Mar 31, 2026. 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
- 568
- +7 vs. Q4 2025
- Shares held
- 425.4M
- +29.8M (+7.5%) vs. Q4 2025
- Total value
- $43.4B
- −$1.42B (−3.2%) vs. Q4 2025
- New holders
- 79
- 224 more added
- Sold out
- 72
- 192 more reduced
13 institutions that held it in Q4 2025 haven't filed for Q1 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q4 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, Q1 2026
Shares, value and share of portfolio for each institution holding PDD Holdings Inc.; share changes are against Q4 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| BlackRock, Inc. | 39,408,032 | $4.03B | 0.07% | +255,880+0.7% | Added |
| Baillie Gifford & Co | 28,353,099 | $2.90B | 2.96% | −2,679,224−8.6% | Reduced |
| Vanguard Capital Management LLC | 24,125,658 | $2.47B | 0.06% | +24,125,658 | New |
| Invesco Ltd. | 20,498,425 | $2.09B | 0.20% | −666,950−3.2% | Reduced |
| H&H International Investment, LLCSuperinvestorH&H International Investment | 19,748,294 | $2.02B | 10.09% | +8,211,600+71.2% | Added |
| State Street Corp | 12,033,697 | $1.23B | 0.04% | −223,663−1.8% | Reduced |
| SC China Holding Ltd | 11,348,426 | $1.14B | 75.36% | 00.0% | Unchanged |
| Goldman Sachs Group Inc | 9,705,935 | $991.8M | 0.13% | +879,184+10.0% | Added |
| NetEase, Inc. | 8,866,480 | $906.0M | 96.95% | +5,310,992+149.4% | Added |
| SC US (TTGP), Ltd. | 8,841,576 | $903.4M | 9.77% | 00.0% | Unchanged |
| UBS Asset Management Americas Inc | 8,583,003 | $877.0M | 0.18% | +8,582,611+2,189,441.6% | Added |
| First Beijing Investment Ltd | 8,149,162 | $832.7M | 35.91% | +1,366,207+20.1% | Added |
| Sanders Capital, LLC | 8,091,801 | $826.8M | 0.99% | −20,526−0.3% | Reduced |
| JPMorgan Chase & Co | 7,910,837 | $778.6M | 0.05% | +2,842,099+56.1% | Added |
| Morgan Stanley | 7,388,892 | $755.0M | 0.05% | +1,440,046+24.2% | Added |
| FIL Ltd | 6,849,271 | $699.9M | 0.54% | +333,229+5.1% | Added |
| Geode Capital Management, LLC | 6,852,927 | $696.1M | 0.04% | +93,147+1.4% | Added |
| Vanguard Fiduciary Trust Co | 6,519,805 | $666.2M | 0.17% | +6,519,805 | New |
| SG Americas Securities, LLC | 6,301,820 | $643.9M | 0.71% | +3,063,694+94.6% | Added |
| FMR LLC | 6,301,704 | $643.9M | 0.03% | −8,296,054−56.8% | Reduced |
| Krane Funds Advisors LLC | 5,733,184 | $581.6M | 23.88% | −664,776−10.4% | Reduced |
| Greenwoods Asset Management Hong Kong Ltd.SuperinvestorGreenwoods Asset Management | 5,103,804 | $521.5M | 13.45% | +1,135,534+28.6% | Added |
| Temasek Holdings (Private) Ltd | 4,926,061 | $503.3M | 1.69% | +243,167+5.2% | Added |
| Himalaya Capital Management LLCSuperinvestorHimalaya Capital | 4,608,000 | $470.8M | 14.71% | 00.0% | Unchanged |
| E Fund Management Co., Ltd. | 4,593,053 | $469.3M | 13.94% | +4,593,053 | New |
| BNP Paribas Arbitrage, SA | 4,554,257 | $465.4M | 0.31% | −592,316−11.5% | Reduced |
| Dodge & Cox | 4,537,600 | $463.7M | 0.25% | +97,800+2.2% | Added |
| Legal & General Group Plc | 4,248,046 | $434.1M | 0.10% | +100,582+2.4% | Added |
| HHLR Advisors, Ltd.SuperinvestorHHLR Advisors (Hillhouse) | 4,165,029 | $425.6M | 25.44% | −6,556,371−61.2% | Reduced |
| Dimensional Fund Advisors LP | 3,737,229 | $381.5M | 0.08% | +252,537+7.2% | Added |
| HSBC Holdings PLC | 3,583,390 | $366.1M | 0.22% | −1,085,962−23.3% | Reduced |
| Mitsubishi UFJ Trust & Banking Corp | 3,565,421 | $364.3M | 0.90% | +397,611+12.6% | Added |
| Price T Rowe Associates Inc | 3,361,501 | $343.5M | 0.04% | +98,547+3.0% | Added |
| Northern Trust Corp | 3,161,546 | $323.0M | 0.04% | −28,053−0.9% | Reduced |
| Schroder Investment Management Group | 2,986,687 | $305.2M | 0.25% | −1,151,170−27.8% | Reduced |
| Bank of America Corp | 2,586,508 | $264.3M | 0.02% | −471,236−15.4% | Reduced |
| UBS Group AG | 2,501,539 | $255.6M | 0.05% | −1,646,651−39.7% | Reduced |
| Robeco Institutional Asset Management B.V. | 2,492,893 | $254.7M | 0.36% | +706,957+39.6% | Added |
| Vanguard Asset Management, Ltd | 2,307,468 | $235.8M | 0.20% | +2,307,468 | New |
| Barclays PLC | 2,259,963 | $230.9M | 0.08% | −400,152−15.0% | Reduced |
| Assenagon Asset Management S.A. | 2,193,918 | $224.2M | 0.36% | −4,534,991−67.4% | Reduced |
| Perseverance Asset Management International | 2,161,676 | $220.9M | 24.30% | +199,584+10.2% | Added |
| Capital International Investors | 2,104,051 | $215.0M | 0.05% | −2,594,604−55.2% | Reduced |
| American Century Companies Inc | 2,089,680 | $213.5M | 0.11% | +867,032+70.9% | Added |
| Triata Capital Ltd | 2,082,327 | $212.8M | 38.56% | −475,373−18.6% | Reduced |
| Deutsche Bank AG | 2,000,494 | $204.4M | 0.07% | −775,583−27.9% | Reduced |
| National Bank of Canada | 1,860,691 | $190.1M | 0.19% | +432,098+30.2% | Added |
| IDG China Venture Capital Fund IV Associates L.P. | 1,749,029 | $178.7M | 81.52% | 00.0% | Unchanged |
| Orbis Allan Gray Ltd | 1,744,048 | $178.2M | 0.75% | +575,721+49.3% | Added |
| Massachusetts Financial Services Co | 1,748,238 | $176.2M | 0.06% | +488,326+38.8% | Added |
| Sumitomo Mitsui Trust Holdings, Inc. | 1,702,166 | $173.9M | 0.11% | +19,972+1.2% | Added |
| Citigroup Inc | 1,662,588 | $169.9M | 0.11% | +118,772+7.7% | Added |
| Prudential PLC | 1,620,578 | $165.6M | 1.26% | −130,517−7.5% | Reduced |
| Healthcare of Ontario Pension Plan Trust Fund | 1,609,370 | $164.4M | 0.27% | +898,639+126.4% | Added |
| Susquehanna International Group, LLP | 1,506,402 | $153.9M | 0.20% | +839,808+126.0% | Added |
| Charles Schwab Investment Management Inc | 1,438,530 | $147.0M | 0.02% | +189,217+15.1% | Added |
| Bank of New York Mellon Corp | 1,436,518 | $146.8M | 0.03% | −51,556−3.5% | Reduced |
| Capital Today Evergreen Fund, L.P. | 1,385,004 | $141.5M | 81.80% | −249,073−15.2% | Reduced |
| Swiss National Bank | 1,372,744 | $140.3M | 0.08% | −179,900−11.6% | Reduced |
| Boundless Plain Holdings Ltd | 1,294,753 | $132.3M | 43.57% | 00.0% | Unchanged |
| California Public Employees Retirement System | 1,265,353 | $129.3M | 0.08% | +69,531+5.8% | Added |
| Nuveen, LLC | 1,234,912 | $126.2M | 0.03% | −452,491−26.8% | Reduced |
| First Trust Advisors LP | 1,196,946 | $122.3M | 0.09% | +38,014+3.3% | Added |
| AustralianSuper Pty Ltd | 1,173,300 | $119.9M | 0.62% | +1,094,100+1,381.4% | Added |
| IvyRock Asset Management (HK) Ltd | 1,145,409 | $117.0M | 65.78% | +153,900+15.5% | Added |
| Renaissance Technologies LLC | 1,112,700 | $113.7M | 0.18% | +838,800+306.2% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 1,017,683 | $104.0M | 0.24% | +800,918+369.5% | Added |
| Mitsubishi UFJ Kokusai Asset Management Co., Ltd. | 942,174 | $96.3M | 0.06% | +81,262+9.4% | Added |
| Nomura Asset Management International Inc. | 938,402 | $95.9M | 0.16% | −111,492−10.6% | Reduced |
| Appaloosa LPSuperinvestorAppaloosa | 900,000 | $92.0M | 1.55% | −875,000−49.3% | Reduced |
| Pictet Asset Management Holding SA | 899,487 | $91.9M | 0.10% | −332,345−27.0% | Reduced |
| Citadel Advisors LLC | 894,578 | $91.4M | 0.06% | +579,316+183.8% | Added |
| Russell Investments Group, Ltd. | 896,580 | $90.5M | 0.10% | −178,055−16.6% | Reduced |
| ProShare Advisors LLC | 869,588 | $88.9M | 0.13% | −186,416−17.7% | Reduced |
| Standard Life Aberdeen plc | 846,526 | $86.5M | 0.14% | −167,352−16.5% | Reduced |
| GF Fund Management Co. Ltd. | 830,784 | $84.9M | 1.42% | −188,285−18.5% | Reduced |
| Evergreen Quality Fund GP, Ltd. | 812,916 | $83.1M | 1.90% | −50,100−5.8% | Reduced |
| Lazard Asset Management LLC | 804,411 | $82.2M | 0.14% | +19,513+2.5% | Added |
| Royal London Asset Management Ltd | 734,072 | $75.0M | 0.16% | +37,900+5.4% | Added |
| Brilliance Asset Management Ltd | 704,489 | $72.0M | 21.23% | +109,315+18.4% | Added |
| USS Investment Management Ltd | 697,636 | $71.3M | 0.30% | +322,560+86.0% | Added |
| Allspring Global Investments Holdings, LLC | 685,841 | $69.8M | 0.12% | +129,148+23.2% | Added |
| Franklin Resources Inc | 677,701 | $69.2M | 0.02% | −124,837−15.6% | Reduced |
| Aviva PLC | 650,733 | $66.5M | 0.11% | +9,715+1.5% | Added |
| Barings LLC | 649,229 | $66.3M | 1.07% | −5,338−0.8% | Reduced |
| True Light Capital Pte. Ltd. | 626,300 | $64.0M | 32.34% | +24,038+4.0% | Added |
| Walleye Trading LLC | 610,643 | $62.4M | 1.28% | −275,169−31.1% | Reduced |
| Polar Capital Holdings Plc | 603,005 | $61.6M | 0.27% | +25,614+4.4% | Added |
| SEI Investments Co | 593,182 | $60.6M | 0.06% | +143,496+31.9% | Added |
| Korea Investment CORP | 582,587 | $59.5M | 0.12% | +27,900+5.0% | Added |
| Fisher Asset Management, LLC | 579,831 | $59.2M | 0.02% | +6,647+1.2% | Added |
| Great West Life Assurance Co | 558,450 | $57.2M | 0.10% | +9,801+1.8% | Added |
| Mirae Asset Global ETFs Holdings Ltd. | 523,959 | $53.5M | 0.07% | −3,039−0.6% | Reduced |
| Carrhae Capital LLP | 515,274 | $52.7M | 3.72% | +292,620+131.4% | Added |
| Anatole Investment Management Ltd | 502,925 | $51.4M | 7.17% | −334,508−39.9% | Reduced |
| Franchise GP Ltd | 497,860 | $50.9M | 18.71% | +195,400+64.6% | Added |
| Kora Management LP | 490,650 | $50.1M | 7.15% | 00.0% | Unchanged |
| Wellington Management Group LLP | 484,518 | $49.5M | 0.01% | −326,345−40.2% | Reduced |
| Harvest Fund Management Co., Ltd | 482,241 | $49.3M | 2.10% | +59,978+14.2% | Added |
| KBC Group NV | 481,118 | $49.2M | 0.12% | +241,994+101.2% | Added |