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 |
|---|---|---|---|---|---|
| LMR Partners LLP | 147,253 | $15.0M | 0.14% | −586,394−79.9% | Reduced |
| Millennium Management LLC | 148,302 | $15.2M | 0.01% | −234,248−61.2% | Reduced |
| Headwater Capital Co Ltd | 150,000 | $15.3M | 2.46% | −110,000−42.3% | Reduced |
| Nan Fung Trinity (HK) Ltd | 152,900 | $15.6M | 1.72% | +44,800+41.4% | Added |
| Ardmore Road Asset Management LP | 153,000 | $15.6M | 1.03% | +153,000 | New |
| CIBC Asset Management Inc | 153,685 | $15.7M | 0.04% | +2,761+1.8% | Added |
| Vanguard Investments Australia, Ltd. | 162,669 | $16.6M | 0.05% | +162,669 | New |
| Acadian Asset Management LLC | 164,918 | $16.8M | 0.02% | −1,246,596−88.3% | Reduced |
| Kovitz Investment Group Partners, LLC | 169,087 | $17.3M | 0.40% | +160,240+1,811.2% | Added |
| Charles-Lim Capital Ltd | 175,000 | $17.9M | 5.93% | −325,000−65.0% | Reduced |
| Neuberger Berman Group LLC | 176,486 | $18.0M | 0.01% | +56,313+46.9% | Added |
| Jane Street Group, LLC | 176,715 | $18.1M | 0.02% | +121,649+220.9% | Added |
| Resona Asset Management Co.,Ltd. | 183,179 | $18.6M | 0.09% | +3,640+2.0% | Added |
| Ameriprise Financial Inc | 182,500 | $18.6M | 0.00% | −70,611−27.9% | Reduced |
| Cantor Fitzgerald, L. P. | 183,098 | $18.7M | 0.68% | +73,988+67.8% | Added |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 192,368 | $19.7M | 0.04% | −94,358−32.9% | Reduced |
| AnglePoint Asset Management Ltd | 193,600 | $19.8M | 13.98% | −319,512−62.3% | Reduced |
| Matthews International Capital Management LLC | 198,922 | $20.3M | 8.25% | −171,718−46.3% | Reduced |
| KLP Kapitalforvaltning AS | 203,500 | $20.8M | 0.08% | +22,100+12.2% | Added |
| National Pension Service | 210,155 | $21.5M | 0.02% | +13,317+6.8% | Added |
| BI Asset Management Fondsmaeglerselskab A/S | 211,209 | $21.6M | 0.23% | −9,900−4.5% | Reduced |
| PEAK6 LLC | 214,969 | $22.0M | 0.63% | −220,073−50.6% | Reduced |
| Itau Unibanco Holding S.A. | 219,427 | $22.4M | 0.54% | +83,052+60.9% | Added |
| Teachers Retirement System of the State of Kentucky | 220,640 | $22.5M | 0.17% | +9,980+4.7% | Added |
| Exchange Traded Concepts, LLC | 222,057 | $22.7M | 0.17% | −20,665−8.5% | Reduced |
| Manufacturers Life Insurance Company, The | 235,955 | $24.1M | 0.02% | −248,447−51.3% | Reduced |
| M&G Plc | 236,634 | $24.1M | 0.12% | −88,871−27.3% | Reduced |
| Causeway Capital Management LLC | 237,010 | $24.2M | 0.30% | −134,231−36.2% | Reduced |
| Global X Japan Co., Ltd. | 257,895 | $26.4M | 1.35% | +35,748+16.1% | Added |
| Taikang Asset Management (Hong Kong) Co Ltd | 264,003 | $27.0M | 2.68% | +168,338+176.0% | Added |
| Credit Agricole S A | 266,808 | $27.3M | 0.09% | +27,012+11.3% | Added |
| Centiva Capital, LP | 267,255 | $27.3M | 1.27% | −132,745−33.2% | Reduced |
| Tiger Pacific Capital LP | 271,524 | $27.7M | 12.94% | +271,524 | New |
| Voya Investment Management LLC | 273,785 | $28.0M | 0.03% | +48,558+21.6% | Added |
| British Columbia Investment Management Corp | 274,000 | $28.0M | 0.17% | −1,000−0.4% | Reduced |
| Mackenzie Financial Corp | 276,877 | $28.3M | 0.03% | −144,881−34.4% | Reduced |
| E Fund Management (Hong Kong) Co., Ltd. | 279,435 | $28.6M | 12.99% | −13,399−4.6% | Reduced |
| Victory Capital Management Inc | 314,997 | $32.2M | 0.02% | −18,284−5.5% | Reduced |
| Marshall Wace, LLP | 322,585 | $33.0M | 0.04% | −4,190,079−92.9% | Reduced |
| Royal Bank of Canada | 324,785 | $33.2M | 0.01% | −347,223−51.7% | Reduced |
| Todd Asset Management LLC | 325,380 | $33.2M | 0.65% | +13,097+4.2% | Added |
| WCM Investment Management, LLC | 341,815 | $33.6M | 0.08% | +113,300+49.6% | Added |
| Bank of Montreal | 330,239 | $33.7M | 0.01% | −20,562−5.9% | Reduced |
| TB Alternative Assets Ltd. | 340,228 | $34.8M | 7.23% | 00.0% | Unchanged |
| Mirae Asset Global Investments Co., Ltd. | 342,644 | $35.0M | 0.10% | −21,693−6.0% | Reduced |
| Allianz Asset Management GmbH | 355,681 | $36.3M | 0.04% | −335,460−48.5% | Reduced |
| Serenity Capital Management Pte. Ltd. | 360,000 | $36.8M | 8.88% | +360,000 | New |
| California State Teachers Retirement System | 362,290 | $37.0M | 0.04% | +53,081+17.2% | Added |
| NEOS Investment Management LLC | 365,302 | $37.3M | 0.19% | +85,939+30.8% | Added |
| Handelsbanken Fonder AB | 380,279 | $38.9M | 0.13% | +90,860+31.4% | Added |
| Cederberg Capital Ltd | 383,100 | $39.1M | 21.01% | −372,800−49.3% | Reduced |
| Tudor Investment Corp Et Al | 385,372 | $39.4M | 0.21% | +234,024+154.6% | Added |
| Nomura Holdings Inc | 389,080 | $39.8M | 0.33% | +4,809+1.3% | Added |
| Two Sigma Investments, LP | 392,088 | $40.1M | 0.03% | +392,088 | New |
| Capital International Inc | 393,398 | $40.2M | 0.31% | −16,139−3.9% | Reduced |
| Marex Group plc | 394,289 | $40.3M | 0.42% | +194,662+97.5% | Added |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 398,332 | $40.4M | 0.05% | −101,184−20.3% | Reduced |
| Polymer Capital Management (HK) LTD | 413,457 | $42.2M | 5.92% | +34,883+9.2% | Added |
| DekaBank Deutsche Girozentrale | 408,010 | $42.4M | 0.07% | 00.0% | Unchanged |
| Punch Card Management L.P. | 415,004 | $42.4M | 15.67% | 00.0% | Unchanged |
| Public Sector Pension Investment Board | 416,130 | $42.5M | 0.13% | +1,800+0.4% | Added |
| Green Court Capital Management Ltd | 420,558 | $43.0M | 39.76% | −436,400−50.9% | Reduced |
| Man Group plc | 422,281 | $43.1M | 0.09% | −111,379−20.9% | Reduced |
| Cat Rock Capital Management LP | 440,228 | $45.0M | 6.99% | −5,000−1.1% | Reduced |
| Oversea-Chinese Banking CORP Ltd | 443,437 | $45.3M | 1.33% | +43,310+10.8% | Added |
| Arrowstreet Capital, Limited Partnership | 451,093 | $46.1M | 0.02% | +145,683+47.7% | Added |
| IMC-Chicago, LLC | 469,789 | $48.0M | 0.73% | +122,171+35.1% | Added |
| KBC Group NV | 481,118 | $49.2M | 0.12% | +241,994+101.2% | Added |
| Harvest Fund Management Co., Ltd | 482,241 | $49.3M | 2.10% | +59,978+14.2% | Added |
| Wellington Management Group LLP | 484,518 | $49.5M | 0.01% | −326,345−40.2% | Reduced |
| Kora Management LP | 490,650 | $50.1M | 7.15% | 00.0% | Unchanged |
| Franchise GP Ltd | 497,860 | $50.9M | 18.71% | +195,400+64.6% | Added |
| Anatole Investment Management Ltd | 502,925 | $51.4M | 7.17% | −334,508−39.9% | Reduced |
| Carrhae Capital LLP | 515,274 | $52.7M | 3.72% | +292,620+131.4% | Added |
| Mirae Asset Global ETFs Holdings Ltd. | 523,959 | $53.5M | 0.07% | −3,039−0.6% | Reduced |
| Great West Life Assurance Co | 558,450 | $57.2M | 0.10% | +9,801+1.8% | Added |
| Fisher Asset Management, LLC | 579,831 | $59.2M | 0.02% | +6,647+1.2% | Added |
| Korea Investment CORP | 582,587 | $59.5M | 0.12% | +27,900+5.0% | Added |
| SEI Investments Co | 593,182 | $60.6M | 0.06% | +143,496+31.9% | Added |
| Polar Capital Holdings Plc | 603,005 | $61.6M | 0.27% | +25,614+4.4% | Added |
| Walleye Trading LLC | 610,643 | $62.4M | 1.28% | −275,169−31.1% | Reduced |
| True Light Capital Pte. Ltd. | 626,300 | $64.0M | 32.34% | +24,038+4.0% | Added |
| Barings LLC | 649,229 | $66.3M | 1.07% | −5,338−0.8% | Reduced |
| Aviva PLC | 650,733 | $66.5M | 0.11% | +9,715+1.5% | Added |
| Franklin Resources Inc | 677,701 | $69.2M | 0.02% | −124,837−15.6% | Reduced |
| Allspring Global Investments Holdings, LLC | 685,841 | $69.8M | 0.12% | +129,148+23.2% | Added |
| USS Investment Management Ltd | 697,636 | $71.3M | 0.30% | +322,560+86.0% | Added |
| Brilliance Asset Management Ltd | 704,489 | $72.0M | 21.23% | +109,315+18.4% | Added |
| Royal London Asset Management Ltd | 734,072 | $75.0M | 0.16% | +37,900+5.4% | Added |
| Lazard Asset Management LLC | 804,411 | $82.2M | 0.14% | +19,513+2.5% | Added |
| Evergreen Quality Fund GP, Ltd. | 812,916 | $83.1M | 1.90% | −50,100−5.8% | Reduced |
| GF Fund Management Co. Ltd. | 830,784 | $84.9M | 1.42% | −188,285−18.5% | Reduced |
| Standard Life Aberdeen plc | 846,526 | $86.5M | 0.14% | −167,352−16.5% | Reduced |
| ProShare Advisors LLC | 869,588 | $88.9M | 0.13% | −186,416−17.7% | Reduced |
| Russell Investments Group, Ltd. | 896,580 | $90.5M | 0.10% | −178,055−16.6% | Reduced |
| Citadel Advisors LLC | 894,578 | $91.4M | 0.06% | +579,316+183.8% | Added |
| Pictet Asset Management Holding SA | 899,487 | $91.9M | 0.10% | −332,345−27.0% | Reduced |
| Appaloosa LPSuperinvestorAppaloosa | 900,000 | $92.0M | 1.55% | −875,000−49.3% | Reduced |
| Nomura Asset Management International Inc. | 938,402 | $95.9M | 0.16% | −111,492−10.6% | Reduced |
| Mitsubishi UFJ Kokusai Asset Management Co., Ltd. | 942,174 | $96.3M | 0.06% | +81,262+9.4% | Added |