PDD HoldingsPDD
13F holders, Q1 2025 (March 31)584holders −2
92new positions
91sold out
13famous investors
$107.57avg. 13F price*
At the end of Q1 2025, 584 institutions reported holding PDD Holdings Inc. (PDD) in their 13F filings, down 2 from Q4 2024. 92 opened new positions and 91 sold out. The largest holders were Baillie Gifford & Co. ($4.7B), BlackRock, Inc. ($4.0B) and Vanguard Group Inc. ($3.4B). 13 famous investors held it, including David Tepper (9.3% of Appaloosa's portfolio), Duan Yongping (7.6% of H&H International Investment's portfolio) and Chase Coleman (2.0% of Tiger Global Management's portfolio).
- Company
- PDD Holdings Inc.
- Sector
- Consumer Discretionary
- CUSIP
- 722304102
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q4 2024 → Q1 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 92 | $491.9M |
| Exits | 91 | $623.7M |
All 13F filers, Q4 2024 → Q1 2025: 84,743,516 shares bought and 27,556,111 shares sold, net +57,187,405 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 584 holders
| Baillie Gifford & Co. | 4.14% | Add +5.2% | 40,047,278 | $4.7B |
| BlackRock, Inc. | 0.08% | Add +1.5% | 33,400,305 | $4.0B |
| Vanguard Group Inc. | 0.06% | Add +1.4% | 29,079,476 | $3.4B |
| FMR LLC | 0.21% | Add +7.8% | 27,611,016 | $3.3B |
| HSG Holding Ltd | 80.18% | No change | 13,595,995 | $1.4B |
| State Street Corp. | 0.06% | Add +0.1% | 11,534,755 | $1.4B |
| SC US (ttgp), LTD. | 11.92% | No change | 10,592,635 | $1.3B |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.27% | Add +899.2% | 8,985,969 | $1.1B |
| Norges Bank | 0.13% | Reduce -3.4% | 8,091,042 | $957.6M |
| H&H International Investment | 7.64% | Add +7.3% | 7,753,900 | $917.7M |
| FIL Ltd | 0.83% | Reduce -7.7% | 7,367,241 | $871.9M |
| Sanders Capital, LLC | 1.24% | Add +36.1% | 7,018,165 | $830.6M |
| T. Rowe Price Associates Inc. | 0.10% | Add +6.0% | 6,911,632 | $818.0M |
| JPMorgan Chase & Co. | 0.06% | Reduce -15.3% | 6,569,078 | $777.5M |
| HHLR Advisors, LTD. | 21.94% | Add +140.4% | 6,562,576 | $776.7M |
| Morgan Stanley | 0.05% | Reduce -28.6% | 6,166,728 | $729.8M |
| Geode Capital Management, LLC | 0.06% | Add +3.3% | 5,985,911 | $704.1M |
| Goldman Sachs Group Inc. | 0.13% | Add +1.4% | 5,921,223 | $700.8M |
| BNP Paribas Financial Markets | 0.49% | Add +12.1% | 5,340,634 | $632.1M |
| Invesco Ltd. | 0.12% | Add +44.7% | 5,301,333 | $627.4M |
| Krane Funds Advisors LLC | 17.13% | Add +78.3% | 5,036,389 | $596.1M |
| Assenagon Asset Management S.A. | 1.02% | Add +26.1% | 4,821,146 | $570.6M |
| Greenwoods Asset Management Hong Kong Ltd. | 17.00% | No change | 4,635,519 | $548.6M |
| Dragoneer Investment Group, LLC | 11.36% | Reduce -18.1% | 4,564,072 | $540.2M |
| Tiger Global Management | 1.97% | Add +68.0% | 4,415,681 | $522.6M |
| Appaloosa | 9.32% | Reduce -18.4% | 4,370,000 | $517.2M |
| Legal & General Group Plc | 0.14% | Add +1.3% | 4,255,069 | $503.6M |
| SRS Investment Management, LLC | 6.45% | No change | 4,064,381 | $481.0M |
| First Beijing Investment Ltd | 31.34% | Add +2.4% | 3,857,223 | $456.5M |
| HSBC Holdings PLC | 0.30% | Reduce -10.2% | 3,848,423 | $455.5M |
| E Fund Management Co., Ltd. | 19.65% | Reduce -18.8% | 3,474,551 | $411.2M |
| Northern Trust Corp. | 0.06% | Reduce -1.0% | 3,205,604 | $379.4M |
| UBS Group AG | 0.08% | Reduce -38.8% | 3,076,050 | $364.1M |
| Deutsche Bank AG | 0.14% | Add +33.4% | 2,964,909 | $350.9M |
| Dimensional Fund Advisors LP | 0.08% | Add +7.9% | 2,884,942 | $341.5M |
| Capital International Investors | 0.06% | Add +8.0% | 2,747,063 | $325.1M |
| IDG China Venture Capital Fund IV Associates L.P. | 77.25% | Reduce -9.6% | 2,630,982 | $311.4M |
| Bank of America Corp. | 0.03% | Add +16.6% | 2,569,959 | $304.2M |
| Capital Today Evergreen Fund, L.P. | 89.82% | No change | 2,493,586 | $295.1M |
| Orbis Allan Gray Ltd | 1.62% | Add +2354.9% | 2,397,312 | $283.7M |
| Robeco Institutional Asset Management B.V. | 0.54% | Add +10.2% | 2,369,381 | $280.4M |
| Schroder Investment Management Group | 0.23% | Reduce -5.7% | 1,923,805 | $227.7M |
| Triata Capital Ltd | 49.49% | Add +176.3% | 1,848,363 | $218.8M |
| Bridgewater Associates | 0.96% | Add +39.8% | 1,742,717 | $206.3M |
| Public Investment Fund | 1.03% | No change | 1,703,275 | $201.6M |
| Sumitomo Mitsui Trust Group, Inc. | 0.14% | Add +2.4% | 1,701,589 | $201.4M |
| Bank of New York Mellon Corp | 0.04% | Reduce -7.7% | 1,689,498 | $200.0M |
| Swiss National Bank | 0.13% | Add +0.3% | 1,577,244 | $186.7M |
| Barclays PLC | 0.08% | Reduce -16.8% | 1,560,289 | $184.7M |
| Perseverance Asset Management International | 23.40% | Reduce -8.1% | 1,513,763 | $179.2M |
| Nuveen, LLC | 0.05% | — | 1,428,261 | $169.0M |
| Prudential PLC | 0.83% | Add +6.9% | 1,396,248 | $165.2M |
| Trivest Advisors Ltd | 13.38% | Add +189.7% | 1,332,700 | $157.7M |
| Macquarie Group Ltd. | 0.19% | Reduce -11.2% | 1,286,336 | $152.2M |
| Aberdeen Group plc | 0.29% | Reduce -10.5% | 1,250,633 | $148.6M |
| Squarepoint Ops LLC | 0.35% | Reduce -10.3% | 1,196,264 | $141.6M |
| Susquehanna International Group, LLP | 0.23% | Add +770.7% | 1,196,212 | $141.6M |
| Citigroup Inc. | 0.11% | Reduce -22.2% | 1,182,923 | $140.0M |
| KEYWISE CAPITAL MANAGEMENT (HK) Ltd | 15.02% | Add +0.4% | 1,152,360 | $136.4M |
| Marshall Wace, LLP | 0.18% | Add +36.9% | 1,136,117 | $134.5M |
| Temasek Holdings (Private) Ltd | 0.54% | Add +8.2% | 1,132,985 | $134.1M |
| Pictet Asset Management Holding SA | 0.14% | Reduce -1.8% | 1,096,565 | $129.8M |
| Massachusetts Financial Services Co. | 0.04% | Add +87.7% | 1,084,979 | $128.4M |
| CANADA LIFE ASSURANCE Co | 0.21% | Add +13.7% | 1,023,850 | $121.3M |
| Charles Schwab Investment Management Inc. | 0.02% | Add +7.5% | 997,419 | $118.0M |
| GF Fund Management Co. LTD. | 2.73% | Reduce -25.9% | 981,853 | $116.2M |
| California Public Employees Retirement System | 0.08% | Reduce -1.8% | 976,097 | $115.5M |
| Wellington Management Group LLP | 0.02% | Add +20.6% | 950,922 | $112.5M |
| ProShare Advisors LLC | 0.25% | Add +14.1% | 922,328 | $109.2M |
| Artisan Partners Limited Partnership | 0.17% | Reduce -16.0% | 875,038 | $103.6M |
| AQR Capital Management | 0.11% | Reduce -2.2% | 864,498 | $102.3M |
| IvyRock Asset Management (HK) Ltd | 48.08% | Reduce -7.1% | 864,349 | $102.3M |
| First Trust Advisors LP | 0.09% | Reduce -25.6% | 821,987 | $97.3M |
| Ameriprise Financial Inc. | 0.03% | Reduce -9.0% | 810,983 | $96.0M |
| Healthcare of Ontario Pension Plan Trust Fund | 0.21% | Add +14.2% | 784,762 | $92.9M |
| Lazard Asset Management LLC | 0.14% | Add +0.3% | 728,956 | $86.3M |
| Mitsubishi UFJ Asset Management Co., Ltd. | 0.08% | Add +10.0% | 708,218 | $83.8M |
| Royal London Asset Management Ltd. | 0.19% | Add +9.4% | 690,772 | $81.8M |
| Cat Rock Capital Management LP | 10.61% | Reduce -17.9% | 675,414 | $79.9M |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.17% | Add +5.9% | 657,954 | $77.9M |
| Man Group plc | 0.24% | Add +47.2% | 656,850 | $77.7M |
| Pinpoint Asset Management Ltd | 13.20% | Add +28.9% | 610,585 | $76.1M |
| Fisher Asset Management | 0.03% | Reduce -6.7% | 636,814 | $75.4M |
| Matthews International Capital Management LLC | 15.52% | Reduce -5.3% | 632,426 | $74.8M |
| Russell Investments Group, Ltd. | 0.10% | Reduce -10.1% | 621,829 | $73.8M |
| Citadel Advisors | 0.07% | Reduce -26.8% | 615,601 | $72.9M |
| Aviva PLC | 0.17% | Reduce -1.0% | 609,698 | $72.2M |
| Allianz Asset Management GmbH | 0.11% | Reduce -2.2% | 607,168 | $71.9M |
| American Century Companies Inc. | 0.04% | Add +10.8% | 603,184 | $71.4M |
| Franklin Resources Inc. | 0.02% | Add +28.0% | 600,356 | $71.1M |
| IMC-Chicago, LLC | 2.75% | Add +158.0% | 598,324 | $70.8M |
| Renaissance Technologies | 0.11% | Reduce -37.7% | 589,900 | $69.8M |
| Polar Capital Holdings Plc | 0.43% | Add +3.2% | 587,984 | $69.6M |
| Maple Rock Capital Partners Inc. | 5.03% | Add +28.3% | 582,424 | $68.9M |
| Mitsubishi UFJ Trust & Banking Corp | 0.18% | Reduce -1.3% | 579,652 | $68.6M |
| Korea Investment CORP | 0.16% | Add +6.3% | 564,487 | $66.8M |
| APG Asset Management N.V. | 0.20% | Reduce -25.3% | 590,128 | $64.7M |
| Cederberg Capital Ltd | 24.17% | Reduce -7.0% | 528,700 | $62.6M |
| Franchise Capital Ltd | 36.30% | Reduce -19.1% | 514,820 | $60.9M |
| Barings LLC | 1.54% | Reduce -30.7% | 511,703 | $60.6M |
"% of holder's portfolio" is PDD's weight in each manager's 13F, not the share of PDD Holdings Inc. the manager owns.