PDD HoldingsPDD
13F holders, Q2 2025 (June 30)537holders −47
69new positions
112sold out
10famous investors
$104.63avg. 13F price*
At the end of Q2 2025, 537 institutions reported holding PDD Holdings Inc. (PDD) in their 13F filings, down 47 from Q1 2025. 69 opened new positions and 112 sold out. The largest holders were Baillie Gifford & Co. ($3.6B), BlackRock, Inc. ($3.5B) and Vanguard Group Inc. ($3.4B). 10 famous investors held it, including Li Lu (17.9% of Himalaya Capital Management's portfolio), Duan Yongping (7.9% of H&H International Investment's portfolio) and David Tepper (3.2% of Appaloosa'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 Q1 2025 → Q2 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 69 | $1.4B |
| Exits | 112 | $1.4B |
All 13F filers, Q1 2025 → Q2 2025: 50,891,857 shares bought and 96,363,243 shares sold, net −45,471,386 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 537 holders
| Baillie Gifford & Co. | 2.69% | Reduce -14.2% | 34,372,712 | $3.6B |
| BlackRock, Inc. | 0.07% | Reduce -0.3% | 33,298,741 | $3.5B |
| Vanguard Group Inc. | 0.05% | Add +10.2% | 32,035,725 | $3.4B |
| FMR LLC | 0.09% | Reduce -45.9% | 14,933,065 | $1.6B |
| HSG Holding Ltd | 73.32% | No change | 13,595,995 | $1.4B |
| State Street Corp. | 0.05% | Add +1.7% | 11,728,573 | $1.2B |
| SC US (ttgp), LTD. | 8.73% | No change | 10,592,635 | $1.1B |
| Goldman Sachs Group Inc. | 0.17% | Add +71.1% | 10,131,776 | $1.1B |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.20% | Add +2.8% | 9,239,441 | $967.0M |
| Norges Bank | 0.12% | Add +13.7% | 9,199,172 | $962.8M |
| H&H International Investment | 7.86% | Add +11.7% | 8,662,694 | $906.6M |
| Sanders Capital, LLC | 1.20% | Add +21.5% | 8,526,610 | $892.4M |
| Morgan Stanley | 0.06% | Add +31.9% | 8,135,809 | $851.5M |
| Assenagon Asset Management S.A. | 1.23% | Add +53.4% | 7,394,211 | $773.9M |
| HHLR Advisors, LTD. | 23.52% | Add +6.3% | 6,976,804 | $730.2M |
| Geode Capital Management, LLC | 0.05% | Add +4.0% | 6,226,538 | $646.8M |
| Orbis Allan Gray Ltd | 2.87% | Add +135.6% | 5,647,728 | $591.1M |
| First Beijing Investment Ltd | 32.67% | Add +44.6% | 5,577,852 | $583.8M |
| BNP Paribas Financial Markets | 0.45% | Add +2.3% | 5,464,091 | $571.9M |
| T. Rowe Price Associates Inc. | 0.06% | Reduce -27.1% | 5,037,525 | $527.2M |
| Krane Funds Advisors LLC | 20.12% | Reduce -2.9% | 4,891,438 | $511.9M |
| JPMorgan Chase & Co. | 0.03% | Reduce -27.7% | 4,750,564 | $497.2M |
| Himalaya Capital Management | 17.93% | New | 4,608,000 | $482.3M |
| Legal & General Group Plc | 0.12% | Add +5.0% | 4,469,979 | $467.8M |
| HSBC Holdings PLC | 0.29% | Add +12.4% | 4,325,013 | $452.8M |
| SRS Investment Management, LLC | 4.41% | No change | 4,064,381 | $425.4M |
| Invesco Ltd. | 0.07% | Reduce -25.3% | 3,962,644 | $414.7M |
| UBS Group AG | 0.08% | Add +23.9% | 3,809,792 | $398.7M |
| Capital International Investors | 0.07% | Add +32.0% | 3,625,911 | $379.5M |
| FIL Ltd | 0.32% | Reduce -51.7% | 3,558,408 | $372.4M |
| NetEase, Inc. | 93.72% | New | 3,555,488 | $372.1M |
| Dragoneer Investment Group, LLC | 7.55% | Reduce -22.5% | 3,535,608 | $370.0M |
| E Fund Management Co., Ltd. | 16.98% | Reduce -2.0% | 3,403,721 | $356.2M |
| Dimensional Fund Advisors LP | 0.08% | Add +14.6% | 3,307,141 | $346.2M |
| Greenwoods Asset Management Hong Kong Ltd. | 11.73% | Reduce -30.5% | 3,219,839 | $337.0M |
| Northern Trust Corp. | 0.05% | Reduce -1.8% | 3,147,341 | $329.4M |
| Deutsche Bank AG | 0.11% | Reduce -0.5% | 2,950,414 | $308.8M |
| Bank of America Corp. | 0.02% | Add +10.6% | 2,841,581 | $297.4M |
| IDG China Venture Capital Fund IV Associates L.P. | 67.48% | No change | 2,630,982 | $275.4M |
| Capital Today Evergreen Fund, L.P. | 91.17% | No change | 2,493,586 | $261.0M |
| Schroder Investment Management Group | 0.21% | Add +20.5% | 2,317,953 | $242.6M |
| Appaloosa | 3.25% | Reduce -54.2% | 2,000,000 | $209.3M |
| Mitsubishi UFJ Trust & Banking Corp | 0.45% | Add +223.3% | 1,873,742 | $196.1M |
| Bank of New York Mellon Corp | 0.04% | Add +10.1% | 1,860,531 | $194.7M |
| National Bank of Canada | 0.20% | Add +536.7% | 1,811,137 | $189.6M |
| Jane Street Group, LLC | 0.30% | Add +365.8% | 1,740,806 | $182.2M |
| Citigroup Inc. | 0.12% | Add +42.2% | 1,681,932 | $176.0M |
| Barclays PLC | 0.07% | Add +6.3% | 1,659,381 | $173.7M |
| Sumitomo Mitsui Trust Group, Inc. | 0.11% | Reduce -3.3% | 1,645,310 | $172.2M |
| Triata Capital Ltd | 33.39% | Reduce -11.6% | 1,634,328 | $171.0M |
| Prudential PLC | 1.03% | Add +15.9% | 1,618,053 | $169.3M |
| Swiss National Bank | 0.10% | Reduce -0.2% | 1,573,844 | $164.7M |
| Temasek Holdings (Private) Ltd | 0.59% | Add +28.1% | 1,451,954 | $152.0M |
| Marshall Wace, LLP | 0.18% | Add +23.4% | 1,401,541 | $146.7M |
| Massachusetts Financial Services Co. | 0.05% | Add +27.3% | 1,381,299 | $144.6M |
| Nuveen, LLC | 0.04% | Reduce -6.8% | 1,330,612 | $139.3M |
| KEYWISE CAPITAL MANAGEMENT (HK) Ltd | 12.63% | Add +15.0% | 1,325,050 | $138.7M |
| Perseverance Asset Management International | 34.57% | Reduce -13.3% | 1,312,663 | $137.4M |
| Macquarie Group Ltd. | 0.17% | Reduce -0.1% | 1,284,920 | $134.5M |
| Aberdeen Group plc | 0.23% | Add +2.2% | 1,278,666 | $133.5M |
| Robeco Institutional Asset Management B.V. | 0.21% | Reduce -48.0% | 1,232,727 | $129.0M |
| First Trust Advisors LP | 0.10% | Add +43.9% | 1,183,163 | $123.8M |
| Charles Schwab Investment Management Inc. | 0.02% | Add +12.6% | 1,122,775 | $117.5M |
| Susquehanna International Group, LLP | 0.18% | Reduce -6.3% | 1,120,760 | $117.3M |
| Healthcare of Ontario Pension Plan Trust Fund | 0.23% | Add +38.7% | 1,088,715 | $113.9M |
| IvyRock Asset Management (HK) Ltd | 52.49% | Add +25.7% | 1,086,849 | $113.7M |
| IMC-Chicago, LLC | 2.84% | Add +81.4% | 1,085,536 | $113.6M |
| California Public Employees Retirement System | 0.07% | Add +8.7% | 1,061,440 | $111.1M |
| Walleye Trading LLC | 2.65% | Add +335.5% | 1,033,350 | $108.2M |
| ProShare Advisors LLC | 0.20% | Add +2.4% | 944,483 | $98.8M |
| Wellington Management Group LLP | 0.02% | Reduce -3.3% | 919,675 | $96.3M |
| GF Fund Management Co. LTD. | 1.92% | Reduce -7.2% | 911,086 | $95.4M |
| Pictet Asset Management Holding SA | 0.10% | Reduce -17.9% | 900,240 | $94.2M |
| Alpine Investment Management Ltd | 45.07% | New | 900,000 | $94.2M |
| CANADA LIFE ASSURANCE Co | 0.14% | Reduce -14.7% | 873,615 | $91.5M |
| AQR Capital Management | 0.07% | Add +1.8% | 880,417 | $90.5M |
| Susquehanna Advisors Group, Inc. | 5.88% | New | 850,000 | $89.0M |
| Evergreen Quality Fund GP, Ltd. | 2.53% | New | 781,800 | $81.8M |
| Maple Rock Capital Partners Inc. | 3.99% | Add +30.9% | 762,541 | $79.8M |
| Mitsubishi UFJ Asset Management Co., Ltd. | 0.06% | Add +6.8% | 756,387 | $79.2M |
| American Century Companies Inc. | 0.04% | Add +25.0% | 754,123 | $78.9M |
| Green Court Capital Management Ltd | 52.01% | New | 745,600 | $78.7M |
| Renaissance Technologies | 0.10% | Add +25.8% | 742,000 | $77.7M |
| Franklin Resources Inc. | 0.02% | Add +11.7% | 670,635 | $70.2M |
| Russell Investments Group, Ltd. | 0.09% | Add +7.1% | 665,745 | $69.7M |
| Royal Bank of Canada | 0.01% | Add +63.6% | 650,264 | $68.1M |
| Lazard Asset Management LLC | 0.10% | Reduce -10.8% | 650,151 | $68.0M |
| Ameriprise Financial Inc. | 0.02% | Reduce -21.7% | 634,772 | $66.4M |
| Pinpoint Asset Management (Singapore) Pte. Ltd. | 11.50% | — | 615,136 | $65.8M |
| Aviva PLC | 0.13% | Add +1.5% | 618,819 | $64.8M |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.13% | Reduce -6.4% | 616,109 | $64.5M |
| Polar Capital Holdings Plc | 0.32% | Reduce -2.2% | 574,820 | $60.2M |
| Fisher Asset Management | 0.02% | Reduce -11.4% | 564,144 | $59.0M |
| Korea Investment CORP | 0.13% | Reduce -1.6% | 555,387 | $58.1M |
| Royal London Asset Management Ltd. | 0.13% | Reduce -19.8% | 553,972 | $58.0M |
| Cederberg Capital Ltd | 19.68% | Reduce -3.2% | 512,000 | $53.6M |
| Carrhae Capital LLP | 5.04% | Add +156.4% | 503,595 | $52.7M |
| Allianz Asset Management GmbH | 0.07% | Reduce -17.1% | 503,503 | $52.7M |
| Franchise Capital Ltd | 27.40% | Reduce -2.5% | 502,050 | $52.5M |
| Matthews International Capital Management LLC | 12.10% | Reduce -20.9% | 500,026 | $52.3M |
"% of holder's portfolio" is PDD's weight in each manager's 13F, not the share of PDD Holdings Inc. the manager owns.