PDD Holdings Inc.

PDD

交易所: Nasdaq
產業: Services-Business Services, NEC
SEC CIK: 0001737806

SEC 申報列表（在新分頁開啟）

近 90 天，PDD Holdings Inc. 內部人申報 0 筆公開市場買進、1 筆賣出；2026 年第 2 季末有 508 家機構在 13F 申報持有，市值合計 $328.7 億；H&H 國際投資、喜馬拉雅資本等 4 位大師持有。

2025 年第 4 季與 2025 年第 3 季比較

持有 PDD Holdings Inc. 的機構從 2025 年第 3 季到 2025 年第 4 季的變化。

2025 年第 4 季全部持有人 2025 年第 3 季全部持有人

PDD 的 13F 持有人：2025 年第 3 季與 2025 年第 4 季比較
項目	2025 年第 3 季	其中尚未申報 2025 年第 4 季	2025 年第 4 季	變化
持有家數	560	14	574	+28
股數	4.08 億	259.4 萬	4.38 億	+3,218 萬 (+7.9%)
市值	$539.3 億	$3.43 億	$496.2 億	−$39.7 億 (−7.4%)

14 家機構在 2025 年第 3 季持有、還沒有申報 2025 年第 4 季：沒申報不算清倉，所以變化不計入它們。

新進機構（100 家）

2025 年第 4 季季末持有 PDD Holdings Inc.、2025 年第 3 季季末沒有持有的機構。

2025 年第 4 季新進 PDD 的機構
機構	股數	市值	佔組合 %
Norges Bank	9,396,292	$10.7 億	0.11%
Dodge & Cox	4,439,800	$5.03 億	0.27%
Boundless Plain Holdings Ltd	1,294,753	$1.47 億	46.82%
Nomura Asset Management International Inc.	1,049,894	$1.19 億	0.18%
Walleye Trading LLC	885,812	$1.00 億	1.62%
Anatole Investment Management Ltd	837,433	$9,496 萬	15.83%
True Light Capital Pte. Ltd.	602,262	$6,829 萬	30.82%
Brilliance Asset Management Ltd	595,174	$6,749 萬	26.49%
IMC-Chicago, LLC	347,618	$3,942 萬	0.69%
Alpine Investment Management Ltd	306,198	$3,472 萬	15.60%
Franchise GP Ltd	302,460	$3,430 萬	39.93%
Cable Car Capital LLC	220,000	$2,495 萬	1.55%
Jennison Associates LLC	213,348	$2,419 萬	0.01%
Parallax Volatility Advisers, L.P.	187,904	$2,131 萬	0.66%
MY.Alpha Management HK Advisors Ltd	145,263	$1,647 萬	8.84%
Itau Unibanco Holding S.A.	136,375	$1,546 萬	0.38%
Mirae Asset Securities (USA) Inc.	100,247	$1,137 萬	0.45%
Eurizon Capital SGR S.p.A.	96,606	$1,095 萬	0.03%
Fideuram Asset Management (Ireland) dac	89,220	$1,051 萬	0.84%
Copos Capital S.a r.l.	78,300	$887.8 萬	6.20%
Step Capital Management Pte. Ltd.	75,000	$850.4 萬	4.49%
Bright Valley Capital Ltd	72,600	$823.2 萬	5.58%
Clear Street Markets LLC	64,117	$727.0 萬	1.30%
La Banque Postale Asset Management SA	59,000	$669.0 萬	0.08%
Yong Rong (HK) Asset Management Ltd	50,000	$567.0 萬	1.73%
Crake Asset Management LLP	46,000	$521.6 萬	0.20%
State of New Jersey Common Pension Fund D	40,370	$457.8 萬	0.02%
AIA Group Ltd	35,538	$403.0 萬	0.06%
Myriad Asset Management Advisors LLC	35,106	$398.1 萬	1.23%
CIBC World Markets Corp	32,445	$367.9 萬	0.02%
RWC Asset Advisors (US) LLC	24,040	$272.6 萬	0.52%
Capstone Capital Management Ltd	22,530	$255.5 萬	2.45%
Engineers Gate Manager LP	21,056	$238.8 萬	0.03%
M&T Bank Corp	18,960	$215.0 萬	0.01%
Maniro Ltd	18,346	$208.0 萬	0.71%
Virtu Financial LLC	18,338	$207.9 萬	0.08%
NLB Skladi, upravljanje premozenja, d.o.o.	16,349	$185.4 萬	0.08%
Laird Norton Trust Company, LLC	15,852	$179.7 萬	0.04%
Maxi Investments CY Ltd	14,308	$162.2 萬	0.29%
EFG International AG	12,013	$136.2 萬	0.03%
Intercapital, LLC	11,900	$134.9 萬	0.71%
Fosun International Ltd	11,038	$125.2 萬	0.29%
Bracebridge Capital, LLC	9,000	$102.1 萬	0.37%
Kovitz Investment Group Partners, LLC	8,847	$100.3 萬	0.02%
Pinebridge Investments Asia Ltd	8,830	$100.1 萬	0.34%
Sparta 24 Ltd.	8,371	$94.9 萬	0.81%
Fullerton Fund Management Co Ltd.	8,179	$92.7 萬	0.04%
Redwood Investment Management, LLC	7,968	$90.3 萬	0.10%
DRW Securities, LLC	7,699	$87.3 萬	0.07%
Principal Financial Group Inc	6,971	$79.0 萬	0.00%
Quantbot Technologies LP	6,773	$76.8 萬	0.03%
Nine Masts Capital Ltd	6,586	$74.7 萬	0.13%
Abn Amro Investment Solutions	6,300	$71.4 萬	0.01%
Exit Wealth Advisors, LLC.	5,974	$67.7 萬	0.40%
Polaris Capital Management, LLC	5,700	$64.6 萬	0.05%
Osmosis Investment Management UK Ltd	5,573	$63.2 萬	0.02%
Hilltop Holdings Inc.	5,504	$62.4 萬	0.04%
Eurizon SLJ Capital Ltd	5,139	$58.3 萬	0.23%
StepStone Group LP	5,841	$56.2 萬	0.30%
TCW Group Inc	4,881	$55.3 萬	0.00%
SummitTX Capital, L.P.	4,528	$51.3 萬	0.02%
Genus Capital Management Inc.	3,795	$43.0 萬	0.05%
Wealthfront Advisers LLC	3,482	$39.5 萬	0.00%
Capital Markets Trading UK LLP	3,250	$36.9 萬	0.45%
Severin Investments, LLC	3,209	$36.4 萬	0.32%
Encompass More Asset Management	3,168	$35.9 萬	0.07%
Legacy Capital Group California, Inc.	3,092	$35.1 萬	0.08%
Scientech Research LLC	3,067	$34.8 萬	0.22%
Baader Bank INC	3,073	$34.5 萬	0.03%
Frec Markets, Inc.	2,932	$33.3 萬	0.10%
Arta Finance Wealth Management LLC	2,891	$32.8 萬	0.17%
Winton Group Ltd	2,700	$30.6 萬	0.01%
Q Fund Management (Hong Kong) Ltd	2,500	$28.3 萬	0.27%
Hamilton Capital, LLC	2,441	$27.7 萬	0.01%
Belvedere Trading LLC	2,372	$26.9 萬	0.05%
one8zero8, LLC	2,300	$26.1 萬	0.06%
Oakum Bay Capital LLC	1,900	$21.5 萬	0.11%
Basecamp Wealth Advisors LLC	1,804	$20.5 萬	0.04%
Pinnacle Wealth Planning Services, Inc.	1,190	$13.5 萬	0.01%
Sankala Group LLC	1,259	$13.1 萬	0.10%
DV Equities, LLC	954	$10.8 萬	0.02%
Kestra Advisory Services, LLC	564	$6.40 萬	0.00%
DV Trading LLC	452	$5.13 萬	0.00%
UBS Asset Management Americas Inc	392	$4.44 萬	0.00%
Modus Advisors, LLC	50	$5,670	0.00%
SageView Advisory Group, LLC	47	$5,330	0.00%
Elyxium Wealth, LLC	43	$4,876	0.00%
Cornerstone Financial Management LLC	25	$2,835	0.00%
Bank of Jackson Hole Trust	22	$2,495	0.00%
IMA Wealth, Inc.	18	$2,041	0.00%
Signature Equity Partners, LLC	18	$2,041	0.00%
Nemes Rush Group LLC	17	$1,928	0.00%
Steigerwald, Gordon & Koch Inc.	11	$1,247	0.00%
Elevated Capital Advisors, LLC	10	$1,134	0.00%
Triumph Capital Management	6	$680	0.00%
American National Bank	5	$567	0.00%
Trust Co	4	$454	0.00%
Financial Consulate, Inc	3	$341	0.00%
Toth Financial Advisory Corp	1	$114	0.00%
Ankerstar Wealth, LLC	1	$113	0.00%

清倉機構（72 家）

2025 年第 3 季季末持有 PDD Holdings Inc.、2025 年第 4 季有申報但已經沒有持有的機構。

2025 年第 4 季清倉 PDD 的機構
機構	2025 年第 3 季股數	2025 年第 3 季市值
Altimeter Capital Management, LP大師Altimeter 資本	1,371,680	$1.81 億
Susquehanna Advisors Group, Inc.	954,200	$1.26 億
WT Asset Management Ltd	756,540	$9,999 萬
Point72 Asset Management, L.P.	614,101	$8,117 萬
Trivest Advisors Ltd	490,000	$6,476 萬
RV Capital GmbH	301,232	$3,981 萬
Monolith Management Ltd	209,393	$2,768 萬
Ardmore Road Asset Management LP	200,000	$2,643 萬
Tiger Pacific Capital LP	187,323	$2,476 萬
Wim Investment Management Ltd	157,968	$2,088 萬
Ossiam	134,000	$1,771 萬
Hidden Lake Asset Management LP	120,847	$1,597 萬
3G Capital Partners LP	100,000	$1,322 萬
Owl Creek Asset Management, L.P.	89,732	$1,186 萬
Contrarius Group Holdings Ltd	85,372	$1,128 萬
Holocene Advisors, LP	83,528	$1,104 萬
AMS Capital Ltda	67,854	$896.8 萬
Nishkama Capital, LLC	67,162	$887.7 萬
Schonfeld Strategic Advisors LLC	54,041	$714.3 萬
Y-Intercept (Hong Kong) Ltd	52,421	$692.8 萬
Caption Management, LLC	49,947	$660.1 萬
Quantitative Investment Management, LLC	39,402	$520.7 萬
Integrated Quantitative Investments LLC	37,723	$498.6 萬
SIH Partners, LLLP	36,200	$478.5 萬
Gunderson Capital Management Inc.	27,180	$359.2 萬
Woodline Partners LP	21,204	$280.3 萬
Los Angeles Capital Management LLC	19,721	$260.7 萬
Boston Partners	18,697	$247.1 萬
Maytus Capital Management, LLC	18,000	$237.9 萬
Investment House LLC	17,913	$236.8 萬
Johns Hopkins University	14,088	$186.2 萬
Northwest & Ethical Investments L.P.	13,166	$174.0 萬
Newlands Management Operations LLC	12,050	$159.3 萬
RD Finance Ltd	9,328	$123.3 萬
Hudson Bay Capital Management LP	9,186	$121.4 萬
Hershey Trust Co	8,123	$107.4 萬
Edgestream Partners, L.P.	7,565	$100.0 萬
Bayesian Capital Management, LP	7,500	$99.1 萬
Allianz SE	7,446	$98.4 萬
Pathway Capital Management, LP	7,197	$95.1 萬
Oberweis Asset Management Inc	7,000	$92.5 萬
Axq Capital, LP	4,497	$59.4 萬
Dynamic Technology Lab Private Ltd	3,997	$52.8 萬
Two Sigma Securities, LLC	3,695	$48.8 萬
Pitcairn Co	3,070	$40.6 萬
IFG Advisory, LLC	2,737	$36.2 萬
International Assets Investment Management, LLC	2,905	$30.6 萬
Arista Wealth Management, LLC	2,300	$30.4 萬
Accuvest Global Advisors	2,140	$28.3 萬
Independent Financial Group, LLC	2,129	$28.1 萬
Resonant Capital Advisors, LLC	1,685	$22.3 萬
MN Wealth Advisors, LLC	1,605	$21.2 萬
AQR Capital Management LLC	1,548	$20.6 萬
Sanctuary Advisors, LLC	1,542	$20.4 萬
Fortis Capital Management LLC	1,536	$20.3 萬
U.S. Capital Wealth Advisors, LLC	1,516	$20.0 萬
Wolverine Asset Management LLC	1,288	$17.0 萬
Goldstream Capital Management Ltd	533	$7.04 萬
Groupe la Francaise	500	$5.56 萬
Bayforest Capital Ltd	305	$4.03 萬
Future Financial Wealth Managment LLC	250	$3.30 萬
Ameritas Advisory Services, LLC	250	$3.30 萬
Wealthspire Advisors, LLC	219	$2.89 萬
Principal Securities, Inc.	208	$2.75 萬
Mather Group, LLC.	103	$1.36 萬
JPL Wealth Management, LLC	21	$2,777
Bogart Wealth, LLC	17	$2,247
Hazlett, Burt & Watson, Inc.	10	$1,000
Geneos Wealth Management Inc.	5	$661
Logan Capital Management Inc	3	$397
GPS Wealth Strategies Group, LLC	1	$132
Y.D. More Investments Ltd	179	$71

尚未申報 2025 年第 4 季的機構（14 家）

2025 年第 3 季季末持有 PDD Holdings Inc.、還沒有申報 2025 年第 4 季 13F 的機構。沒申報不代表賣出，所以不算清倉。

2025 年第 3 季持有 PDD、尚未申報 2025 年第 4 季的機構
機構	2025 年第 3 季股數	2025 年第 3 季市值
Point72 Hong Kong Ltd	1,577,173	$2.08 億
Franchise Capital Ltd	501,460	$6,628 萬
AXA Investment Managers S.A.	198,948	$2,629 萬
Blue Creek Capital Management Ltd	116,721	$1,543 萬
Aware Super Pty Ltd as trustee of Aware Super	73,243	$968.1 萬
Wolverine Trading, LLC	31,490	$411.5 萬
Shell Asset Management Co	26,705	$353.0 萬
CIBC Bancorp USA Inc.	24,455	$323.2 萬
HAP Trading, LLC	17,792	$235.2 萬
Wetherby Asset Management Inc	10,622	$140.4 萬
Pinebridge Investments, L.P.	8,830	$116.7 萬
Eisler Capital Management Ltd.	4,071	$53.7 萬
First Affirmative Financial Network	2,362	$31.2 萬
Binnacle Investments Inc	271	$3.58 萬