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 |
|---|---|---|---|---|---|
| IMC-Chicago, LLC | 469,789 | $48.0M | 0.73% | +122,171+35.1% | Added |
| Arrowstreet Capital, Limited Partnership | 451,093 | $46.1M | 0.02% | +145,683+47.7% | Added |
| Oversea-Chinese Banking CORP Ltd | 443,437 | $45.3M | 1.33% | +43,310+10.8% | Added |
| Cat Rock Capital Management LP | 440,228 | $45.0M | 6.99% | −5,000−1.1% | Reduced |
| Man Group plc | 422,281 | $43.1M | 0.09% | −111,379−20.9% | Reduced |
| Green Court Capital Management Ltd | 420,558 | $43.0M | 39.76% | −436,400−50.9% | Reduced |
| Public Sector Pension Investment Board | 416,130 | $42.5M | 0.13% | +1,800+0.4% | Added |
| Punch Card Management L.P. | 415,004 | $42.4M | 15.67% | 00.0% | Unchanged |
| DekaBank Deutsche Girozentrale | 408,010 | $42.4M | 0.07% | 00.0% | Unchanged |
| Polymer Capital Management (HK) LTD | 413,457 | $42.2M | 5.92% | +34,883+9.2% | Added |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 398,332 | $40.4M | 0.05% | −101,184−20.3% | Reduced |
| Marex Group plc | 394,289 | $40.3M | 0.42% | +194,662+97.5% | Added |
| Capital International Inc | 393,398 | $40.2M | 0.31% | −16,139−3.9% | Reduced |
| Two Sigma Investments, LP | 392,088 | $40.1M | 0.03% | +392,088 | New |
| Nomura Holdings Inc | 389,080 | $39.8M | 0.33% | +4,809+1.3% | Added |
| Tudor Investment Corp Et Al | 385,372 | $39.4M | 0.21% | +234,024+154.6% | Added |
| Cederberg Capital Ltd | 383,100 | $39.1M | 21.01% | −372,800−49.3% | Reduced |
| Handelsbanken Fonder AB | 380,279 | $38.9M | 0.13% | +90,860+31.4% | Added |
| NEOS Investment Management LLC | 365,302 | $37.3M | 0.19% | +85,939+30.8% | Added |
| California State Teachers Retirement System | 362,290 | $37.0M | 0.04% | +53,081+17.2% | Added |
| Serenity Capital Management Pte. Ltd. | 360,000 | $36.8M | 8.88% | +360,000 | New |
| Allianz Asset Management GmbH | 355,681 | $36.3M | 0.04% | −335,460−48.5% | Reduced |
| Mirae Asset Global Investments Co., Ltd. | 342,644 | $35.0M | 0.10% | −21,693−6.0% | Reduced |
| TB Alternative Assets Ltd. | 340,228 | $34.8M | 7.23% | 00.0% | Unchanged |
| Bank of Montreal | 330,239 | $33.7M | 0.01% | −20,562−5.9% | Reduced |
| WCM Investment Management, LLC | 341,815 | $33.6M | 0.08% | +113,300+49.6% | Added |
| Todd Asset Management LLC | 325,380 | $33.2M | 0.65% | +13,097+4.2% | Added |
| Royal Bank of Canada | 324,785 | $33.2M | 0.01% | −347,223−51.7% | Reduced |
| Marshall Wace, LLP | 322,585 | $33.0M | 0.04% | −4,190,079−92.9% | Reduced |
| Victory Capital Management Inc | 314,997 | $32.2M | 0.02% | −18,284−5.5% | Reduced |
| E Fund Management (Hong Kong) Co., Ltd. | 279,435 | $28.6M | 12.99% | −13,399−4.6% | Reduced |
| Mackenzie Financial Corp | 276,877 | $28.3M | 0.03% | −144,881−34.4% | Reduced |
| British Columbia Investment Management Corp | 274,000 | $28.0M | 0.17% | −1,000−0.4% | Reduced |
| Voya Investment Management LLC | 273,785 | $28.0M | 0.03% | +48,558+21.6% | Added |
| Tiger Pacific Capital LP | 271,524 | $27.7M | 12.94% | +271,524 | New |
| Centiva Capital, LP | 267,255 | $27.3M | 1.27% | −132,745−33.2% | Reduced |
| Credit Agricole S A | 266,808 | $27.3M | 0.09% | +27,012+11.3% | Added |
| Taikang Asset Management (Hong Kong) Co Ltd | 264,003 | $27.0M | 2.68% | +168,338+176.0% | Added |
| Global X Japan Co., Ltd. | 257,895 | $26.4M | 1.35% | +35,748+16.1% | Added |
| Causeway Capital Management LLC | 237,010 | $24.2M | 0.30% | −134,231−36.2% | Reduced |
| M&G Plc | 236,634 | $24.1M | 0.12% | −88,871−27.3% | Reduced |
| Manufacturers Life Insurance Company, The | 235,955 | $24.1M | 0.02% | −248,447−51.3% | Reduced |
| Exchange Traded Concepts, LLC | 222,057 | $22.7M | 0.17% | −20,665−8.5% | Reduced |
| Teachers Retirement System of the State of Kentucky | 220,640 | $22.5M | 0.17% | +9,980+4.7% | Added |
| Itau Unibanco Holding S.A. | 219,427 | $22.4M | 0.54% | +83,052+60.9% | Added |
| PEAK6 LLC | 214,969 | $22.0M | 0.63% | −220,073−50.6% | Reduced |
| BI Asset Management Fondsmaeglerselskab A/S | 211,209 | $21.6M | 0.23% | −9,900−4.5% | Reduced |
| National Pension Service | 210,155 | $21.5M | 0.02% | +13,317+6.8% | Added |
| KLP Kapitalforvaltning AS | 203,500 | $20.8M | 0.08% | +22,100+12.2% | Added |
| Matthews International Capital Management LLC | 198,922 | $20.3M | 8.25% | −171,718−46.3% | Reduced |
| AnglePoint Asset Management Ltd | 193,600 | $19.8M | 13.98% | −319,512−62.3% | Reduced |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 192,368 | $19.7M | 0.04% | −94,358−32.9% | Reduced |
| Cantor Fitzgerald, L. P. | 183,098 | $18.7M | 0.68% | +73,988+67.8% | Added |
| Ameriprise Financial Inc | 182,500 | $18.6M | 0.00% | −70,611−27.9% | Reduced |
| Resona Asset Management Co.,Ltd. | 183,179 | $18.6M | 0.09% | +3,640+2.0% | Added |
| Jane Street Group, LLC | 176,715 | $18.1M | 0.02% | +121,649+220.9% | Added |
| Neuberger Berman Group LLC | 176,486 | $18.0M | 0.01% | +56,313+46.9% | Added |
| Charles-Lim Capital Ltd | 175,000 | $17.9M | 5.93% | −325,000−65.0% | Reduced |
| Kovitz Investment Group Partners, LLC | 169,087 | $17.3M | 0.40% | +160,240+1,811.2% | Added |
| Acadian Asset Management LLC | 164,918 | $16.8M | 0.02% | −1,246,596−88.3% | Reduced |
| Vanguard Investments Australia, Ltd. | 162,669 | $16.6M | 0.05% | +162,669 | New |
| CIBC Asset Management Inc | 153,685 | $15.7M | 0.04% | +2,761+1.8% | Added |
| Ardmore Road Asset Management LP | 153,000 | $15.6M | 1.03% | +153,000 | New |
| Nan Fung Trinity (HK) Ltd | 152,900 | $15.6M | 1.72% | +44,800+41.4% | Added |
| Headwater Capital Co Ltd | 150,000 | $15.3M | 2.46% | −110,000−42.3% | Reduced |
| Millennium Management LLC | 148,302 | $15.2M | 0.01% | −234,248−61.2% | Reduced |
| LMR Partners LLP | 147,253 | $15.0M | 0.14% | −586,394−79.9% | Reduced |
| Himension Fund | 145,939 | $14.9M | 1.15% | +18,127+14.2% | Added |
| Public Employees Retirement System of Ohio | 145,453 | $14.9M | 0.05% | −52,258−26.4% | Reduced |
| Lansforsakringar Fondforvaltning AB (publ) | 139,939 | $14.3M | 0.07% | +2,609+1.9% | Added |
| LSV Asset Management | 136,900 | $14.0M | 0.03% | +136,900 | New |
| HRT Financial LP | 134,871 | $13.8M | 0.03% | +134,871 | New |
| Wells Fargo & Company | 133,553 | $13.6M | 0.00% | −1,963−1.4% | Reduced |
| Nomura Asset Management Co Ltd | 132,147 | $13.5M | 0.03% | +3,261+2.5% | Added |
| Guggenheim Capital LLC | 129,461 | $13.2M | 0.11% | −30,088−18.9% | Reduced |
| Swiss Life Asset Management Ltd | 127,046 | $13.0M | 0.06% | +34,616+37.5% | Added |
| Asset Management One Co.,Ltd. | 118,698 | $12.1M | 0.04% | +189+0.2% | Added |
| Rafferty Asset Management, LLC | 118,381 | $12.1M | 0.05% | +6,357+5.7% | Added |
| Danske Bank A/S | 117,512 | $12.0M | 0.03% | +8,400+7.7% | Added |
| Oasis Management Co Ltd. | 114,000 | $11.6M | 1.39% | +114,000 | New |
| Orland Properties Ltd | 113,835 | $11.6M | 4.36% | −25,000−18.0% | Reduced |
| Candriam Luxembourg S.C.A. | 113,100 | $11.6M | 0.06% | −26,700−19.1% | Reduced |
| Nissay Asset Management Corp | 112,450 | $11.5M | 0.06% | +4,683+4.3% | Added |
| Eurizon Capital SGR S.p.A. | 104,372 | $10.7M | 0.03% | +7,766+8.0% | Added |
| Old Mission Capital LLC | 100,149 | $10.2M | 0.24% | +95,712+2,157.1% | Added |
| Daiwa Securities Group Inc. | 99,600 | $10.2M | 0.03% | +22,725+29.6% | Added |
| Leonteq Securities AG | 99,141 | $10.1M | 0.61% | +41,298+71.4% | Added |
| Abu Dhabi Investment Council Co P.J.S.C | 94,142 | $10.1M | 1.05% | +94,142 | New |
| Union Bancaire Privee, UBP SA | 109,760 | $9.81M | 0.18% | +22,531+25.8% | Added |
| Parus Finance (UK) Ltd | 94,543 | $9.66M | 2.89% | −17,963−16.0% | Reduced |
| Alpine Investment Management Ltd | 94,336 | $9.64M | 4.68% | −211,862−69.2% | Reduced |
| XTX Topco Ltd | 93,767 | $9.58M | 0.17% | +93,767 | New |
| Toroso Investments, LLC | 90,383 | $9.54M | 0.03% | −6,146−6.4% | Reduced |
| DnB Asset Management AS | 89,229 | $9.12M | 0.03% | +22,447+33.6% | Added |
| Creative Planning | 88,702 | $9.06M | 0.01% | +44,093+98.8% | Added |
| Ci Investments Inc. | 88,167 | $9.01M | 0.04% | +79,183+881.4% | Added |
| iA Global Asset Management Inc. | 85,201 | $8.71M | 0.12% | −5,462−6.0% | Reduced |
| Group One Trading, L.P. | 84,414 | $8.63M | 0.28% | +84,414 | New |
| Police & Firemen's Retirement System of New Jersey | 83,999 | $8.58M | 0.07% | 00.0% | Unchanged |
| Siren, L.L.C. | 83,401 | $8.52M | 0.24% | +20,000+31.5% | Added |