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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.

Q1 2026 vs. Q4 2025

How the institutions holding PDD Holdings Inc. changed between Q4 2025 and Q1 2026.

All holders in Q1 2026All holders in Q4 2025

13F holders of PDD: Q4 2025 compared with Q1 2026
MeasureQ4 2025Of which not filed for Q1 2026Q1 2026Change
Holders57413568+7
Shares438.1M42.5M425.4M+29.8M (+7.5%)
Value$49.6B$4.82B$43.4B−$1.42B (−3.2%)

13 institutions that held it in Q4 2025 haven't filed for Q1 2026 yet. Not filing isn't selling, so the changes leave them out.

New holders (79)

Institutions that held PDD Holdings Inc. at the end of Q1 2026 but not at the end of Q4 2025.

Institutions new to PDD in Q1 2026
InstitutionSharesValue% of portfolio
Vanguard Capital Management LLC24,125,658$2.47B0.06%
Vanguard Fiduciary Trust Co6,519,805$666.2M0.17%
E Fund Management Co., Ltd.4,593,053$469.3M13.94%
Vanguard Asset Management, Ltd2,307,468$235.8M0.20%
Two Sigma Investments, LP392,088$40.1M0.03%
Serenity Capital Management Pte. Ltd.360,000$36.8M8.88%
Tiger Pacific Capital LP271,524$27.7M12.94%
Vanguard Investments Australia, Ltd.162,669$16.6M0.05%
Ardmore Road Asset Management LP153,000$15.6M1.03%
LSV Asset Management136,900$14.0M0.03%
HRT Financial LP134,871$13.8M0.03%
Oasis Management Co Ltd.114,000$11.6M1.39%
Abu Dhabi Investment Council Co P.J.S.C94,142$10.1M1.05%
XTX Topco Ltd93,767$9.58M0.17%
Group One Trading, L.P.84,414$8.63M0.28%
Janney Montgomery Scott LLC66,375$6.78M0.02%
Mediolanum International Funds Ltd65,218$6.42M0.07%
Boston Partners59,347$6.06M0.01%
Capitolis Liquid Global Markets LLC57,459$5.87M0.04%
Y-Intercept (Hong Kong) Ltd48,419$4.95M0.09%
Havemeyer Place LP35,074$3.58M0.41%
Atom Investors LP33,616$3.43M0.25%
Titan Wealth (CI) Ltd33,024$3.37M1.46%
SIH Partners, LLLP27,686$2.83M0.09%
Stelac Advisory Services LLC27,445$2.80M0.57%
Los Angeles Capital Management LLC25,123$2.57M0.01%
LB Partners LLC22,000$2.25M2.02%
Numerai GP LLC21,728$2.22M0.22%
Limestone Investment Advisors LP21,679$2.22M1.09%
Ping Capital Management, Inc.20,500$2.09M0.81%
United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund20,200$2.06M0.04%
RBF Capital, LLC20,000$2.04M0.10%
Empowered Funds, LLC19,105$1.95M0.01%
Caitong International Asset Management Co., Ltd15,463$1.58M0.29%
HBK Investments L P13,752$1.41M0.02%
Maytus Capital Management, LLC12,789$1.31M0.23%
Main Management ETF Advisors, LLC11,087$1.13M0.04%
D. E. Shaw & Co., Inc.10,940$1.12M0.00%
Moon Capital Management LP9,868$1.01M0.61%
Titan Investment Solutions Ltd8,839$903.2K0.12%
Bridgefront Capital, LLC7,613$777.9K0.19%
Caption Management, LLC7,500$766.4K0.04%
Alphadyne Asset Management LP6,949$710.0K0.09%
HighVista Strategies LLC6,900$705.0K0.19%
Axq Capital, LP6,703$684.9K0.09%
LGT Fund Management Co Ltd.6,417$655.7K0.03%
Northwest & Ethical Investments L.P.5,680$580.4K0.01%
CIBC Bancorp USA Inc.5,570$569.1K0.00%
Raiffeisen Bank International AG5,687$559.7K0.01%
Caxton Associates LLP5,000$510.9K0.01%
Oaktree Capital Management LPSuperinvestorOaktree Capital4,823$492.8K0.01%
Captrust Financial Advisors4,684$478.6K0.00%
Institute for Wealth Management, LLC.4,092$418.1K0.04%
Mizuho Markets Americas LLC3,943$402.9K0.01%
Sanctuary Advisors, LLC3,698$377.9K0.00%
First Affirmative Financial Network3,695$377.5K0.15%
Oxford Asset Management LLP3,131$319.9K0.13%
Nolet Wealth Management, LLC2,762$282.2K0.16%
Resonant Capital Advisors, LLC2,483$253.7K0.01%
LGT Group Foundation2,400$245.2K0.00%
ClearAlpha Technologies LP2,394$244.6K0.50%
Timothy G. Youngquist 2020 Irrevocable Trust753$76.9K0.04%
FNY Investment Advisers, LLC600$61.0K0.03%
Wall Street Financial Group, Inc.315$32.2K0.02%
Mather Group, LLC.97$9.91K0.00%
Pension & Wealth Management Advisors, Inc.65$6.64K0.00%
JPL Wealth Management, LLC44$4.50K0.00%
Capital Advisor Network LLC44$4.50K0.01%
Intentional Wealth Strategies, LLC32$3.27K0.00%
SHP Wealth Management29$2.96K0.00%
Innovative Asset Advisors Group, LLC27$2.76K0.00%
Dogwood Wealth Management LLC25$2.55K0.00%
Versant Capital Management, Inc22$2.25K0.00%
Dunhill Financial, LLC18$1.88K0.00%
Essential Partners LLC14$1.43K0.00%
WFA of San Diego, LLC10$1.02K0.00%
Hilton Head Capital Partners, LLC5$5110.00%
Walsh & Associates, LLC2$2040.00%
Brevan Howard Capital Management LP180,500––

Sold out (72)

Institutions that held PDD Holdings Inc. at the end of Q4 2025 and filed for Q1 2026 without it.

Institutions that sold out of PDD in Q1 2026
InstitutionShares, Q4 2025Value, Q4 2025
Aspex Management (HK) Ltd3,109,525$352.6M
Dragoneer Investment Group, LLC1,835,428$208.1M
SRS Investment Management, LLC1,016,859$115.3M
APG Asset Management N.V.380,428$36.7M
Maple Rock Capital Partners Inc.306,641$34.8M
Cable Car Capital LLC220,000$24.9M
Jennison Associates LLC213,348$24.2M
Parallax Volatility Advisers, L.P.187,904$21.3M
Yunqi Capital Ltd185,100$21.0M
Panview Capital Ltd181,680$20.6M
Tairen Capital Ltd177,200$20.1M
MY.Alpha Management HK Advisors Ltd145,263$16.5M
Mirae Asset Securities (USA) Inc.100,247$11.4M
Bright Valley Capital Ltd72,600$8.23M
Clear Street Markets LLC64,117$7.27M
Hel Ved Capital Management Ltd38,637$4.38M
Liontrust Investment Partners LLP36,392$4.13M
Myriad Asset Management Advisors LLC35,106$3.98M
All-Stars Investment Ltd31,650$3.59M
Polen Capital Management LLC31,329$3.55M
AI-Squared Management Ltd27,143$3.08M
Engineers Gate Manager LP21,056$2.39M
Gsa Capital Partners LLP20,700$2.35M
Virtu Financial LLC18,338$2.08M
Bank of Nova Scotia16,662$1.89M
Keywise Capital Management (HK) Ltd16,500$1.87M
united american securities inc. (d/b/a uas asset management)15,000$1.70M
Simplex Trading, LLC14,795$1.68M
Central Asset Investments & Management Holdings (HK) Ltd14,083$1.60M
Credit Industriel Et Commercial10,849$1.23M
Tuttle Tactical Management8,866$1.01M
Sparta 24 Ltd.8,371$949.2K
Redwood Investment Management, LLC7,968$903.0K
Principal Financial Group Inc6,971$790.4K
RWC Asset Management LLP6,390$724.6K
QVT Financial LP6,042$685.1K
Headlands Technologies LLC5,974$677.4K
Exit Wealth Advisors, LLC.5,974$677.4K
CAPROCK Group, Inc.5,687$644.8K
Commons Capital, LLC5,600$635.0K
Hilltop Holdings Inc.5,504$624.1K
Myriad Asset Management US LP5,297$600.6K
Eurizon SLJ Capital Ltd5,139$582.7K
StepStone Group LP5,841$561.9K
Blair William & Co4,079$462.5K
MML Investors Services, LLC3,882$440.2K
Severin Investments, LLC3,209$363.9K
Encompass More Asset Management3,168$359.2K
Morningstar Investment Management LLC3,034$344.0K
Winton Group Ltd2,700$306.2K
Campbell & CO Investment Adviser LLC2,696$305.7K
Hamilton Capital, LLC2,441$276.8K
Focus Financial Network, Inc.2,174$246.5K
GTS Securities LLC2,079$235.7K
Agf Management Ltd2,030$230.2K
Evergreen Capital Management LLC1,922$217.9K
Resources Investment Advisors, LLC.1,889$214.2K
Lido Advisors, LLC1,638$213.6K
Victory Financial Group, LLC1,878$212.9K
Prime Capital Investment Advisors, LLC1,854$210.2K
Chung Wu Investment Group, LLC1,800$204.1K
Kestra Advisory Services, LLC564$64.0K
DV Trading LLC452$51.3K
Quarry LP57$6.46K
Modus Advisors, LLC50$5.67K
SageView Advisory Group, LLC47$5.33K
Elyxium Wealth, LLC43$4.88K
Bare Financial Services, Inc33$3.74K
Signature Equity Partners, LLC18$2.04K
AdvisorNet Financial, Inc17$1.93K
Steigerwald, Gordon & Koch Inc.11$1.25K
American National Bank5$567

Not filed for Q1 2026 yet (13)

Institutions that held PDD Holdings Inc. at the end of Q4 2025 and haven't filed a 13F for Q1 2026. Not filing isn't selling, so they aren't counted as sold out.

Institutions holding PDD in Q4 2025 that haven't filed for Q1 2026
InstitutionShares, Q4 2025Value, Q4 2025
Vanguard Group Inc32,810,630$3.72B
Norges Bank9,396,292$1.07B
Copos Capital S.a r.l.78,300$8.88M
Capitolis Liquid Global Markets LLC72,000$8.16M
Janney Capital Management LLC62,035$7.03M
CIBC World Markets Corp32,445$3.68M
UBS Oconnor LLC31,107$3.53M
STF Management LP3,392$384.6K
Global Retirement Partners, LLC1,389$157.5K
CIBC Private Wealth Group, LLC1,092$123.8K
Stephens Consulting, LLC1,000$113.4K
DV Equities, LLC954$108.2K
EMC Capital Management500$60.0K