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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.

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.

Institutional holdersQ1 2026: 568 institutions
Q1 2021: 442 institutionsQ2 2021: 415 institutionsQ3 2021: 396 institutionsQ4 2021: 362 institutionsQ1 2022: 353 institutionsQ2 2022: 394 institutionsQ3 2022: 411 institutionsQ4 2022: 451 institutionsQ1 2023: 468 institutionsQ2 2023: 452 institutionsQ3 2023: 473 institutionsQ4 2023: 584 institutionsQ1 2024: 577 institutionsQ2 2024: 646 institutionsQ3 2024: 602 institutionsQ4 2024: 587 institutionsQ1 2025: 584 institutionsQ2 2025: 537 institutionsQ3 2025: 560 institutionsQ4 2025: 574 institutionsQ1 2026: 568 institutionsQ2 2026: 508 institutions
Value heldQ1 2026: $43.4B
Q1 2021: $31.9BQ2 2021: $31.8BQ3 2021: $24.7BQ4 2021: $15.7BQ1 2022: $11.0BQ2 2022: $17.7BQ3 2022: $19.2BQ4 2022: $26.5BQ1 2023: $25.9BQ2 2023: $23.2BQ3 2023: $35.8BQ4 2023: $55.8BQ1 2024: $44.2BQ2 2024: $57.6BQ3 2024: $55.8BQ4 2024: $39.5BQ1 2025: $49.1BQ2 2025: $42.9BQ3 2025: $53.9BQ4 2025: $49.6BQ1 2026: $43.4BQ2 2026: $32.9B
Institutions holding PDD and their total value by quarter
QuarterHoldersValue
Q2 2026508$32.9B
Q1 2026568$43.4B
Q4 2025574$49.6B
Q3 2025560$53.9B
Q2 2025537$42.9B
Q1 2025584$49.1B
Q4 2024587$39.5B
Q3 2024602$55.8B
Q2 2024646$57.6B
Q1 2024577$44.2B
Q4 2023584$55.8B
Q3 2023473$35.8B
Q2 2023452$23.2B
Q1 2023468$25.9B
Q4 2022451$26.5B
Q3 2022411$19.2B
Q2 2022394$17.7B
Q1 2022353$11.0B
Q4 2021362$15.7B
Q3 2021396$24.7B
Q2 2021415$31.8B
Q1 2021442$31.9B

Institutions, Q1 2026

Shares, value and share of portfolio for each institution holding PDD Holdings Inc.; share changes are against Q4 2025.

Institutions holding PDD in Q1 2026
InstitutionSharesValue% of portfolioChange in sharesAction
Smartleaf Asset Management LLC385$37.9K0.00%+8+2.1%Added
Activest Wealth Management350$35.8K0.01%00.0%Unchanged
Umb Bank N A331$33.8K0.00%+99+42.7%Added
Wall Street Financial Group, Inc.315$32.2K0.02%+315New
Catalyst Capital Advisors LLC242$24.7K0.00%−36−12.9%Reduced
Atlantic Union Bankshares Corp200$20.4K0.00%00.0%Unchanged
Creative Financial Designs Inc112$11.4K0.00%00.0%Unchanged
JFS Wealth Advisors, LLC97$9.91K0.00%−12−11.0%Reduced
Mather Group, LLC.97$9.91K0.00%+97New
WealthCollab, LLC92$9.40K0.00%+19+26.0%Added
Ramirez Asset Management, Inc.90$9.01K0.00%00.0%Unchanged
Harbour Investments, Inc.87$8.89K0.00%−7−7.4%Reduced
Bell Investment Advisors, Inc87$8.89K0.00%+14+19.2%Added
Key Financial Inc82$8.38K0.00%00.0%Unchanged
Financial Perspectives, Inc81$8.28K0.00%00.0%Unchanged
Highline Wealth Partners LLC66$6.74K0.00%−67−50.4%Reduced
Pension & Wealth Management Advisors, Inc.65$6.64K0.00%+65New
Root Financial Partners, LLC63$6.44K0.00%+19+43.2%Added
Bessemer Group Inc58$6.00K0.00%−48−45.3%Reduced
North Star Investment Management Corp.57$5.82K0.00%+23+67.6%Added
Crewe Advisors LLC46$4.70K0.00%00.0%Unchanged
True Wealth Design, LLC46$4.70K0.00%+35+318.2%Added
JPL Wealth Management, LLC44$4.50K0.00%+44New
Capital Advisor Network LLC44$4.50K0.01%+44New
UMA Financial Services, Inc.39$3.99K0.00%−26−40.0%Reduced
Murphy & Mullick Capital Management Corp36$3.68K0.00%−38−51.4%Reduced
Parkside Financial Bank & Trust35$3.58K0.00%00.0%Unchanged
Intentional Wealth Strategies, LLC32$3.27K0.00%+32New
Triumph Capital Management30$3.06K0.00%+24+400.0%Added
Stone House Investment Management, LLC30$3.06K0.00%+28+1,400.0%Added
Capital Analysts, LLC29$3.00K0.00%−56−65.9%Reduced
SHP Wealth Management29$2.96K0.00%+29New
Brown Brothers Harriman & Co27$2.76K0.00%00.0%Unchanged
Innovative Asset Advisors Group, LLC27$2.76K0.00%+27New
Clean Yield Group26$2.66K0.00%00.0%Unchanged
Cornerstone Financial Management LLC26$2.66K0.00%+1+4.0%Added
Dogwood Wealth Management LLC25$2.55K0.00%+25New
Bank of Jackson Hole Trust22$2.25K0.00%00.0%Unchanged
Versant Capital Management, Inc22$2.25K0.00%+22New
IMA Wealth, Inc.22$2.25K0.00%+4+22.2%Added
Spire Wealth Management21$2.15K0.00%00.0%Unchanged
Avion Wealth25$2.00K0.00%00.0%Unchanged
Dunhill Financial, LLC18$1.88K0.00%+18New
Archer Investment Corp17$1.74K0.00%00.0%Unchanged
Nemes Rush Group LLC17$1.74K0.00%00.0%Unchanged
MAI Capital Management16$1.64K0.00%−6−27.3%Reduced
Essential Partners LLC14$1.43K0.00%+14New
Raffa Wealth Management, LLC12$1.23K0.00%00.0%Unchanged
Rossby Financial, LCC12$1.22K0.00%+9+300.0%Added
Private Trust Co NA11$1.12K0.00%−130−92.2%Reduced
Elevated Capital Advisors, LLC10$1.02K0.00%00.0%Unchanged
WFA of San Diego, LLC10$1.02K0.00%+10New
SWAN Capital LLC8$8170.00%00.0%Unchanged
Frazier Financial Advisors, LLC7$7160.00%+3+75.0%Added
Financial Consulate, Inc6$6140.00%+3+100.0%Added
Golden State Wealth Management, LLC6$6130.00%00.0%Unchanged
Sound Income Strategies, LLC6$6110.00%00.0%Unchanged
Asset Dedication, LLC5$5110.00%00.0%Unchanged
Hilton Head Capital Partners, LLC5$5110.00%+5New
Abound Wealth Management4$4090.00%−2−33.3%Reduced
Trust Co4$4090.00%00.0%Unchanged
TD Private Client Wealth LLC3$3070.00%00.0%Unchanged
Walsh & Associates, LLC2$2040.00%+2New
Toth Financial Advisory Corp1$1030.00%00.0%Unchanged
Beaird Harris Wealth Management, LLC1$1030.00%00.0%Unchanged
Avenir Tech Ltd1$1020.00%00.0%Unchanged
Ankerstar Wealth, LLC1$1020.00%00.0%Unchanged
Brevan Howard Capital Management LP180,500––+180,500New
Aspex Management (HK) Ltd0$00.00%−3,109,525−100.0%Sold out
Dragoneer Investment Group, LLC0$00.00%−1,835,428−100.0%Sold out
SRS Investment Management, LLC0$00.00%−1,016,859−100.0%Sold out
APG Asset Management N.V.0$00.00%−380,428−100.0%Sold out
Maple Rock Capital Partners Inc.0$00.00%−306,641−100.0%Sold out
Cable Car Capital LLC0$00.00%−220,000−100.0%Sold out
Jennison Associates LLC0$00.00%−213,348−100.0%Sold out
Parallax Volatility Advisers, L.P.0$00.00%−187,904−100.0%Sold out
Yunqi Capital Ltd0$00.00%−185,100−100.0%Sold out
Panview Capital Ltd0$00.00%−181,680−100.0%Sold out
Tairen Capital Ltd0$00.00%−177,200−100.0%Sold out
MY.Alpha Management HK Advisors Ltd0$00.00%−145,263−100.0%Sold out
Mirae Asset Securities (USA) Inc.0$00.00%−100,247−100.0%Sold out
Bright Valley Capital Ltd0$00.00%−72,600−100.0%Sold out
Clear Street Markets LLC0$00.00%−64,117−100.0%Sold out
Hel Ved Capital Management Ltd0$00.00%−38,637−100.0%Sold out
Liontrust Investment Partners LLP0$00.00%−36,392−100.0%Sold out
Myriad Asset Management Advisors LLC0$00.00%−35,106−100.0%Sold out
All-Stars Investment Ltd0$00.00%−31,650−100.0%Sold out
Polen Capital Management LLC0$00.00%−31,329−100.0%Sold out
AI-Squared Management Ltd0$00.00%−27,143−100.0%Sold out
Engineers Gate Manager LP0$00.00%−21,056−100.0%Sold out
Gsa Capital Partners LLP0$00.00%−20,700−100.0%Sold out
Virtu Financial LLC0$00.00%−18,338−100.0%Sold out
Bank of Nova Scotia0$00.00%−16,662−100.0%Sold out
Keywise Capital Management (HK) Ltd0$00.00%−16,500−100.0%Sold out
united american securities inc. (d/b/a uas asset management)0$00.00%−15,000−100.0%Sold out
Simplex Trading, LLC0$00.00%−14,795−100.0%Sold out
Central Asset Investments & Management Holdings (HK) Ltd0$00.00%−14,083−100.0%Sold out
Credit Industriel Et Commercial0$00.00%−10,849−100.0%Sold out
Tuttle Tactical Management0$00.00%−8,866−100.0%Sold out
Sparta 24 Ltd.0$00.00%−8,371−100.0%Sold out