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 |
|---|---|---|---|---|---|
| Connor, Clark & Lunn Investment Management Ltd. | 1,017,683 | $104.0M | 0.24% | +800,918+369.5% | Added |
| Renaissance Technologies LLC | 1,112,700 | $113.7M | 0.18% | +838,800+306.2% | Added |
| IvyRock Asset Management (HK) Ltd | 1,145,409 | $117.0M | 65.78% | +153,900+15.5% | Added |
| AustralianSuper Pty Ltd | 1,173,300 | $119.9M | 0.62% | +1,094,100+1,381.4% | Added |
| First Trust Advisors LP | 1,196,946 | $122.3M | 0.09% | +38,014+3.3% | Added |
| Nuveen, LLC | 1,234,912 | $126.2M | 0.03% | −452,491−26.8% | Reduced |
| California Public Employees Retirement System | 1,265,353 | $129.3M | 0.08% | +69,531+5.8% | Added |
| Boundless Plain Holdings Ltd | 1,294,753 | $132.3M | 43.57% | 00.0% | Unchanged |
| Swiss National Bank | 1,372,744 | $140.3M | 0.08% | −179,900−11.6% | Reduced |
| Capital Today Evergreen Fund, L.P. | 1,385,004 | $141.5M | 81.80% | −249,073−15.2% | Reduced |
| Bank of New York Mellon Corp | 1,436,518 | $146.8M | 0.03% | −51,556−3.5% | Reduced |
| Charles Schwab Investment Management Inc | 1,438,530 | $147.0M | 0.02% | +189,217+15.1% | Added |
| Susquehanna International Group, LLP | 1,506,402 | $153.9M | 0.20% | +839,808+126.0% | Added |
| Healthcare of Ontario Pension Plan Trust Fund | 1,609,370 | $164.4M | 0.27% | +898,639+126.4% | Added |
| Prudential PLC | 1,620,578 | $165.6M | 1.26% | −130,517−7.5% | Reduced |
| Citigroup Inc | 1,662,588 | $169.9M | 0.11% | +118,772+7.7% | Added |
| Sumitomo Mitsui Trust Holdings, Inc. | 1,702,166 | $173.9M | 0.11% | +19,972+1.2% | Added |
| Massachusetts Financial Services Co | 1,748,238 | $176.2M | 0.06% | +488,326+38.8% | Added |
| Orbis Allan Gray Ltd | 1,744,048 | $178.2M | 0.75% | +575,721+49.3% | Added |
| IDG China Venture Capital Fund IV Associates L.P. | 1,749,029 | $178.7M | 81.52% | 00.0% | Unchanged |
| National Bank of Canada | 1,860,691 | $190.1M | 0.19% | +432,098+30.2% | Added |
| Deutsche Bank AG | 2,000,494 | $204.4M | 0.07% | −775,583−27.9% | Reduced |
| Triata Capital Ltd | 2,082,327 | $212.8M | 38.56% | −475,373−18.6% | Reduced |
| American Century Companies Inc | 2,089,680 | $213.5M | 0.11% | +867,032+70.9% | Added |
| Capital International Investors | 2,104,051 | $215.0M | 0.05% | −2,594,604−55.2% | Reduced |
| Perseverance Asset Management International | 2,161,676 | $220.9M | 24.30% | +199,584+10.2% | Added |
| Assenagon Asset Management S.A. | 2,193,918 | $224.2M | 0.36% | −4,534,991−67.4% | Reduced |
| Barclays PLC | 2,259,963 | $230.9M | 0.08% | −400,152−15.0% | Reduced |
| Vanguard Asset Management, Ltd | 2,307,468 | $235.8M | 0.20% | +2,307,468 | New |
| Robeco Institutional Asset Management B.V. | 2,492,893 | $254.7M | 0.36% | +706,957+39.6% | Added |
| UBS Group AG | 2,501,539 | $255.6M | 0.05% | −1,646,651−39.7% | Reduced |
| Bank of America Corp | 2,586,508 | $264.3M | 0.02% | −471,236−15.4% | Reduced |
| Schroder Investment Management Group | 2,986,687 | $305.2M | 0.25% | −1,151,170−27.8% | Reduced |
| Northern Trust Corp | 3,161,546 | $323.0M | 0.04% | −28,053−0.9% | Reduced |
| Price T Rowe Associates Inc | 3,361,501 | $343.5M | 0.04% | +98,547+3.0% | Added |
| Mitsubishi UFJ Trust & Banking Corp | 3,565,421 | $364.3M | 0.90% | +397,611+12.6% | Added |
| HSBC Holdings PLC | 3,583,390 | $366.1M | 0.22% | −1,085,962−23.3% | Reduced |
| Dimensional Fund Advisors LP | 3,737,229 | $381.5M | 0.08% | +252,537+7.2% | Added |
| HHLR Advisors, Ltd.SuperinvestorHHLR Advisors (Hillhouse) | 4,165,029 | $425.6M | 25.44% | −6,556,371−61.2% | Reduced |
| Legal & General Group Plc | 4,248,046 | $434.1M | 0.10% | +100,582+2.4% | Added |
| Dodge & Cox | 4,537,600 | $463.7M | 0.25% | +97,800+2.2% | Added |
| BNP Paribas Arbitrage, SA | 4,554,257 | $465.4M | 0.31% | −592,316−11.5% | Reduced |
| E Fund Management Co., Ltd. | 4,593,053 | $469.3M | 13.94% | +4,593,053 | New |
| Himalaya Capital Management LLCSuperinvestorHimalaya Capital | 4,608,000 | $470.8M | 14.71% | 00.0% | Unchanged |
| Temasek Holdings (Private) Ltd | 4,926,061 | $503.3M | 1.69% | +243,167+5.2% | Added |
| Greenwoods Asset Management Hong Kong Ltd.SuperinvestorGreenwoods Asset Management | 5,103,804 | $521.5M | 13.45% | +1,135,534+28.6% | Added |
| Krane Funds Advisors LLC | 5,733,184 | $581.6M | 23.88% | −664,776−10.4% | Reduced |
| FMR LLC | 6,301,704 | $643.9M | 0.03% | −8,296,054−56.8% | Reduced |
| SG Americas Securities, LLC | 6,301,820 | $643.9M | 0.71% | +3,063,694+94.6% | Added |
| Vanguard Fiduciary Trust Co | 6,519,805 | $666.2M | 0.17% | +6,519,805 | New |
| Geode Capital Management, LLC | 6,852,927 | $696.1M | 0.04% | +93,147+1.4% | Added |
| FIL Ltd | 6,849,271 | $699.9M | 0.54% | +333,229+5.1% | Added |
| Morgan Stanley | 7,388,892 | $755.0M | 0.05% | +1,440,046+24.2% | Added |
| JPMorgan Chase & Co | 7,910,837 | $778.6M | 0.05% | +2,842,099+56.1% | Added |
| Sanders Capital, LLC | 8,091,801 | $826.8M | 0.99% | −20,526−0.3% | Reduced |
| First Beijing Investment Ltd | 8,149,162 | $832.7M | 35.91% | +1,366,207+20.1% | Added |
| UBS Asset Management Americas Inc | 8,583,003 | $877.0M | 0.18% | +8,582,611+2,189,441.6% | Added |
| SC US (TTGP), Ltd. | 8,841,576 | $903.4M | 9.77% | 00.0% | Unchanged |
| NetEase, Inc. | 8,866,480 | $906.0M | 96.95% | +5,310,992+149.4% | Added |
| Goldman Sachs Group Inc | 9,705,935 | $991.8M | 0.13% | +879,184+10.0% | Added |
| SC China Holding Ltd | 11,348,426 | $1.14B | 75.36% | 00.0% | Unchanged |
| State Street Corp | 12,033,697 | $1.23B | 0.04% | −223,663−1.8% | Reduced |
| H&H International Investment, LLCSuperinvestorH&H International Investment | 19,748,294 | $2.02B | 10.09% | +8,211,600+71.2% | Added |
| Invesco Ltd. | 20,498,425 | $2.09B | 0.20% | −666,950−3.2% | Reduced |
| Vanguard Capital Management LLC | 24,125,658 | $2.47B | 0.06% | +24,125,658 | New |
| Baillie Gifford & Co | 28,353,099 | $2.90B | 2.96% | −2,679,224−8.6% | Reduced |
| BlackRock, Inc. | 39,408,032 | $4.03B | 0.07% | +255,880+0.7% | Added |
| Brevan Howard Capital Management LP | 180,500 | – | – | +180,500 | New |
| Aspex Management (HK) Ltd | 0 | $0 | 0.00% | −3,109,525−100.0% | Sold out |
| Dragoneer Investment Group, LLC | 0 | $0 | 0.00% | −1,835,428−100.0% | Sold out |
| SRS Investment Management, LLC | 0 | $0 | 0.00% | −1,016,859−100.0% | Sold out |
| APG Asset Management N.V. | 0 | $0 | 0.00% | −380,428−100.0% | Sold out |
| Maple Rock Capital Partners Inc. | 0 | $0 | 0.00% | −306,641−100.0% | Sold out |
| Cable Car Capital LLC | 0 | $0 | 0.00% | −220,000−100.0% | Sold out |
| Jennison Associates LLC | 0 | $0 | 0.00% | −213,348−100.0% | Sold out |
| Parallax Volatility Advisers, L.P. | 0 | $0 | 0.00% | −187,904−100.0% | Sold out |
| Yunqi Capital Ltd | 0 | $0 | 0.00% | −185,100−100.0% | Sold out |
| Panview Capital Ltd | 0 | $0 | 0.00% | −181,680−100.0% | Sold out |
| Tairen Capital Ltd | 0 | $0 | 0.00% | −177,200−100.0% | Sold out |
| MY.Alpha Management HK Advisors Ltd | 0 | $0 | 0.00% | −145,263−100.0% | Sold out |
| Mirae Asset Securities (USA) Inc. | 0 | $0 | 0.00% | −100,247−100.0% | Sold out |
| Bright Valley Capital Ltd | 0 | $0 | 0.00% | −72,600−100.0% | Sold out |
| Clear Street Markets LLC | 0 | $0 | 0.00% | −64,117−100.0% | Sold out |
| Hel Ved Capital Management Ltd | 0 | $0 | 0.00% | −38,637−100.0% | Sold out |
| Liontrust Investment Partners LLP | 0 | $0 | 0.00% | −36,392−100.0% | Sold out |
| Myriad Asset Management Advisors LLC | 0 | $0 | 0.00% | −35,106−100.0% | Sold out |
| All-Stars Investment Ltd | 0 | $0 | 0.00% | −31,650−100.0% | Sold out |
| Polen Capital Management LLC | 0 | $0 | 0.00% | −31,329−100.0% | Sold out |
| AI-Squared Management Ltd | 0 | $0 | 0.00% | −27,143−100.0% | Sold out |
| Engineers Gate Manager LP | 0 | $0 | 0.00% | −21,056−100.0% | Sold out |
| Gsa Capital Partners LLP | 0 | $0 | 0.00% | −20,700−100.0% | Sold out |
| Virtu Financial LLC | 0 | $0 | 0.00% | −18,338−100.0% | Sold out |
| Bank of Nova Scotia | 0 | $0 | 0.00% | −16,662−100.0% | Sold out |
| Keywise Capital Management (HK) Ltd | 0 | $0 | 0.00% | −16,500−100.0% | Sold out |
| united american securities inc. (d/b/a uas asset management) | 0 | $0 | 0.00% | −15,000−100.0% | Sold out |
| Simplex Trading, LLC | 0 | $0 | 0.00% | −14,795−100.0% | Sold out |
| Central Asset Investments & Management Holdings (HK) Ltd | 0 | $0 | 0.00% | −14,083−100.0% | Sold out |
| Credit Industriel Et Commercial | 0 | $0 | 0.00% | −10,849−100.0% | Sold out |
| Tuttle Tactical Management | 0 | $0 | 0.00% | −8,866−100.0% | Sold out |
| Sparta 24 Ltd. | 0 | $0 | 0.00% | −8,371−100.0% | Sold out |