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

0200400600800 Q1 2024: 575Q1 2024Q2 2024: 646Q2 2024Q3 2024: 602Q3 2024Q4 2024: 586Q4 2024Q1 2025: 584Q1 2025Q2 2025: 537Q2 2025Q3 2025: 559Q3 2025Q4 2025: 574Q4 2025Q1 2026: 568Q1 2026Q2 2026: 508Q2 2026

Total Exit/New Position Q1 2025 → Q2 2025

InstitutionsTotal Value
New Positions69$1.4B
Exits112$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
Point72 Hong Kong Ltd 3.62% Add +391.1% 499,808 $52.3M
Yong Rong (HK) Asset Management Ltd 12.57% New 497,900 $52.1M
Barings LLC 1.21% Reduce -5.5% 483,487 $50.6M
Kora Management LP 5.83% No change 453,250 $47.4M
Cat Rock Capital Management LP 5.98% Reduce -32.9% 453,228 $47.4M
BIT Capital GmbH 3.07% Reduce -9.1% 450,583 $47.2M
Public Sector Pension Investment Board 0.20% Add +38.0% 445,830 $46.7M
3G Capital Partners LP 10.92% Add +41.7% 425,000 $44.5M
Punch Card Management L.P. 14.02% Add +35.3% 415,004 $43.4M
DekaBank Deutsche Girozentrale 0.08% Reduce -0.2% 408,010 $42.5M
Harvest Fund Management Co., Ltd 2.00% Add +11.7% 404,729 $42.3M
Mackenzie Financial Corp. 0.05% Add +5.0% 361,154 $37.8M
Capital International, Inc. 0.36% Add +97.3% 351,333 $36.8M
APG Asset Management N.V. 0.11% Reduce -30.6% 409,328 $36.5M
Mirae Asset Global Investments Co., Ltd. 0.13% Reduce -99.1% 348,325 $36.5M
Squarepoint Ops LLC 0.08% Reduce -71.1% 345,597 $36.2M
M&G PLC 0.20% Reduce -4.2% 336,288 $35.3M
BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.09% Reduce -8.8% 336,033 $35.2M
PEAK6 LLC 1.20% New 336,610 $35.2M
RV Capital AG 6.50% No change 335,569 $35.1M
Victory Capital Management Inc. 0.02% Reduce -4.5% 327,313 $34.3M
California State Teachers Retirement System 0.04% Add +2.0% 324,758 $34.0M
OVERSEA-CHINESE BANKING Corp Ltd 0.93% Reduce -18.1% 314,146 $32.9M
Citadel Advisors 0.03% Reduce -50.7% 303,707 $31.8M
Maytree Asset Management Ltd 51.08% Add +4.3% 291,874 $30.5M
E Fund Management (Hong Kong) Co., Ltd. 28.44% Add +0.4% 282,634 $29.6M
WCM Investment Management, LLC 0.07% Reduce -32.0% 279,885 $29.4M
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.16% Reduce -0.2% 270,700 $28.3M
Handelsbanken Fonder AB 0.10% Reduce -15.8% 262,995 $27.5M
Connor, Clark & Lunn Investment Management Ltd. 0.10% Reduce -37.9% 260,129 $27.2M
Todd Asset Management LLC 0.58% Add +2.8% 259,048 $27.1M
Think Investments LP 4.65% Add +58.1% 256,200 $26.8M
Manufacturers Life Insurance Company, The 0.02% Reduce -45.6% 251,544 $26.3M
Panview Capital Ltd 7.72% Add +44.2% 231,700 $24.2M
Bank of Montreal 0.01% Reduce -2.9% 225,533 $23.6M
Taikang Asset Management (Hong Kong) Co Ltd 3.03% Reduce -17.4% 224,696 $23.5M
Acadian Asset Management LLC 0.05% Reduce -45.5% 220,909 $23.1M
Exchange Traded Concepts, LLC 0.29% Add +947.3% 219,204 $22.9M
TB Alternative Assets Ltd. 4.13% Add +6.5% 212,888 $22.3M
USS Investment Management Ltd 0.14% Reduce -20.7% 211,845 $22.2M
Sei Investments Co. 0.03% Reduce -40.7% 210,152 $22.0M
Headwater Capital Co Ltd 7.33% No change 200,000 $20.9M
Resona Asset Management Co.,Ltd. 0.10% Add +5.4% 194,273 $20.3M
Monolith Management Ltd 7.14% New 193,008 $20.2M
AXA S.A. 0.06% Add +6.1% 191,012 $20.0M
Zurcher Kantonalbank (Zurich Cantonalbank) 0.05% Reduce -49.3% 188,612 $19.7M
KBC Group NV 0.05% Add +3.2% 187,877 $19.7M
PARUS FINANCE (UK) Ltd 5.29% Reduce -10.7% 176,856 $18.5M
Police & Firemen's Retirement System of New Jersey 0.17% Reduce -3.8% 175,048 $18.3M
Teachers Retirement System of the State of Kentucky 0.15% Add +3.3% 174,160 $18.2M
Global X Japan Co., Ltd. 1.85% Reduce -17.7% 174,103 $18.2M
Nomura Holdings Inc. 0.15% Add +67.1% 173,637 $18.2M
Old Mission Capital LLC 0.48% Add +4489.2% 173,565 $18.2M
National Pension Service 0.02% No change 173,068 $18.1M
Public Employees Retirement System of Ohio 0.06% Reduce -19.5% 169,135 $17.7M
Polymer Capital Management (HK) LTD 2.70% Add +9.8% 164,500 $17.2M
KLP Kapitalforvaltning As 0.07% Add +4.5% 164,300 $17.2M
Public Investment Fund 0.09% Reduce -90.5% 162,199 $17.0M
Guggenheim Capital LLC 0.14% Add +30.2% 158,713 $16.6M
WIM INVESTMENT MANAGEMENT Ltd 5.49% Reduce -40.3% 157,968 $16.5M
Point72 Asset Management 0.04% Reduce -50.0% 155,065 $16.2M
Voya Investment Management LLC 0.02% Add +7.9% 149,640 $15.7M
CIBC Asset Management Inc 0.05% Add +0.3% 142,498 $14.9M
Orland Properties Ltd 6.15% No change 138,835 $14.5M
Ossiam 0.16% No change 134,000 $14.0M
Lansforsakringar Fondforvaltning AB (publ) 0.08% Reduce -2.1% 128,352 $13.4M
Wells Fargo & Company 0.00% Add +14.8% 128,220 $13.4M
NEOS Investment Management LLC 0.16% Add +75.1% 120,393 $12.6M
Asset Management One Co., Ltd. 0.04% Reduce -28.2% 120,142 $12.6M
Marex Group Ltd 0.24% Add +170.5% 118,650 $12.4M
Verition Fund Management LLC 0.07% Add +33.3% 118,595 $12.4M
ANTIPODES PARTNERS Ltd 0.38% Reduce -14.6% 116,823 $12.2M
Neuberger Berman Group LLC 0.01% Reduce -1.0% 116,739 $12.2M
Blue Creek Capital Management Ltd 17.09% No change 116,721 $12.2M
Rafferty Asset Management, LLC 0.04% Add +16.1% 116,378 $12.2M
Nomura Asset Management Co. Ltd. 0.03% Add +2.5% 115,175 $12.1M
TD Asset Management Inc 0.01% Reduce -3.7% 109,426 $11.5M
Nan Fung Trinity (hk) Ltd. 1.35% New 108,100 $11.3M
Principal Financial Group Inc. 0.01% Reduce -63.9% 107,934 $11.3M
CMT Capital Markets Trading GmbH 5.44% Reduce -7.8% 107,927 $11.3M
Yunqi Capital Ltd 7.84% New 105,000 $11.0M
Himension Capital (singapore) Pte. LTD. 0.85% Add +26.0% 103,955 $10.9M
Panagora Asset Management Inc. 0.05% Add +20.0% 103,135 $10.8M
SG Americas Securities, LLC 0.05% Add +673.1% 99,452 $10.4M
Tairen Capital Ltd 1.05% New 97,800 $10.2M
Nissay Asset Management Corp. /Japan 0.06% Add +5.4% 96,674 $10.1M
CI Investments Inc. 0.04% Add +17.2% 95,198 $10.0M
Balyasny Asset Management L.P. 0.02% Reduce -6.6% 89,831 $9.4M
Tidal Investments LLC 0.06% Reduce -10.4% 88,533 $9.3M
Platinum Investment Management Ltd. 0.62% Reduce -19.7% 88,509 $9.3M
Wolverine Trading, LLC 0.23% New 87,089 $9.2M
Liontrust Investment Partners LLP 0.13% Reduce -44.2% 87,410 $9.1M
Profund Advisors LLC 0.33% Reduce -0.8% 86,682 $9.1M
Contrarius Group Holdings Ltd 0.51% Reduce -19.6% 86,025 $9.0M
Twenty Acre Capital LP 6.07% Add +32.5% 81,200 $8.5M
iA Global Asset Management Inc. 0.13% Reduce -1.6% 80,910 $8.5M
OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.24% Add +89.5% 80,143 $8.4M
New York State Common Retirement Fund 0.01% Add +4.6% 80,046 $8.4M
Clough Capital Partners L P 0.82% New 78,070 $8.2M
AMS Capital Ltda 3.04% Add +40.2% 76,996 $8.1M
Capitolis Liquid Global Markets LLC 0.06% Reduce -84.0% 76,000 $8.0M
Shelton Capital Management 0.18% Reduce -1.3% 75,537 $7.9M
Alberta Investment Management Corp 0.07% Reduce -61.5% 75,000 $7.8M
Aware Super Pty Ltd as trustee of Aware Super 0.11% Add +3.0% 73,243 $7.7M
Rhumbline Advisers 0.01% Reduce -18.8% 70,879 $7.4M
Janney Capital Management LLC 0.47% Reduce -1.7% 69,561 $7.3M
Man Group plc 0.02% Reduce -89.4% 69,550 $7.3M
Candriam S.C.A. 0.04% Reduce -62.5% 67,800 $7.1M
Y-Intercept (Hong Kong) Ltd 0.17% New 66,087 $6.9M
Daiwa Securities Group Inc. 0.03% Reduce -0.3% 66,069 $6.9M
Sylebra Capital LLC 0.28% Reduce -72.5% 64,989 $6.8M
Polen Capital Management LLC 0.02% Reduce -2.9% 64,309 $6.7M
All-Stars Investment Ltd 2.13% Reduce -36.0% 60,500 $6.3M
Yarbrough Capital, LLC 0.23% Add +41.1% 60,489 $6.3M
Natixis 0.03% Add +78.3% 60,166 $6.3M
Sumitomo Mitsui DS Asset Management Company, Ltd 0.06% Add +20.3% 59,439 $6.2M
STRS Ohio 0.02% No change 58,099 $6.1M
CastleKnight Management LP 0.40% Add +845.0% 56,700 $5.9M
Hel Ved Capital Management Ltd 2.66% New 56,537 $5.9M
DNB Asset Management AS 0.02% Add +9.3% 55,801 $5.8M
Van Eck Associates Corp. 0.01% Add +12.2% 53,903 $5.6M
Baron Capital (BAMCO) 0.02% Reduce -15.6% 53,743 $5.6M
Siren, L.L.C. 0.29% No change 52,901 $5.5M
Swiss Life Asset Management Ltd 0.03% Add +152.1% 52,450 $5.5M
Union Bancaire Privee, UBP SA 0.08% Add +20.8% 56,727 $5.4M
Ensign Peak Advisors, Inc 0.01% Reduce -14.3% 51,350 $5.4M
Comgest Global Investors S.A.S. 0.09% Add +19.4% 50,947 $5.3M
Maxi Investments CY Ltd 0.87% Add +20.5% 50,000 $5.2M
Prudential Financial Inc. 0.01% Reduce -29.2% 49,506 $5.2M
Pacer Advisors, Inc. 0.01% Add +51.5% 49,204 $5.1M
Toronto Dominion Bank 0.01% Add +59.5% 49,038 $5.1M
Louisiana State Employees Retirement System 0.09% No change 48,800 $5.1M
Seldon Capital LP 2.19% No change 48,226 $5.0M
Amiral Gestion 2.17% Reduce -19.3% 48,000 $5.0M
Alliancebernstein L.P. 0.00% Add +114.2% 47,856 $5.0M
Cibc World Markets Corp. 0.03% New 47,573 $5.0M
Los Angeles Capital Management LLC 0.02% Reduce -34.1% 44,412 $4.6M
LMR Partners LLP 0.10% Add +39.7% 42,473 $4.4M
Jump Financial, LLC 0.06% Add +1207.1% 42,115 $4.4M
Quantinno Capital Management LP 0.02% Add +1.4% 39,926 $4.2M
Leonteq Securities AG 0.24% Add +73.1% 39,900 $4.2M
O'shaughnessy Asset Management, LLC 0.03% Reduce -18.6% 39,685 $4.2M
Millennium Management 0.00% Add +8.6% 39,456 $4.1M
B. Metzler seel. Sohn & Co. AG 0.04% Reduce -20.0% 39,303 $4.1M
Myriad Asset Management US LP 2.68% Add +1.7% 38,627 $4.0M
Virtus Family Office LLC 5.17% Reduce -8.8% 38,578 $4.0M
Vontobel Holding Ltd. 0.01% Reduce -68.0% 38,348 $4.0M
Commonwealth of Pennsylvania Public School Empls Retrmt SYS 0.02% Add +317.6% 37,833 $4.0M
VIRGINIA RETIREMENT SYSTEMS ET Al 0.03% Reduce -30.8% 37,600 $3.9M
LPL Financial LLC 0.00% Add +29.8% 36,990 $3.9M
AI-Squared Management Ltd 17.42% New 36,900 $3.9M
Raymond James Financial Inc. 0.00% Reduce -6.8% 36,478 $3.8M
AustralianSuper Pty Ltd 0.02% Add +41.8% 34,990 $3.7M
Shell Asset Management Co. 0.13% Add +2.6% 34,589 $3.6M
Maytus Capital Management, LLC 0.67% Add +47.9% 34,500 $3.6M
Schonfeld Strategic Advisors LLC 0.03% Add +42.6% 34,000 $3.6M
Varma Mutual Pension Insurance Co 0.03% Reduce -52.3% 34,000 $3.6M
Gulf International Bank (UK) Ltd 0.13% Reduce -13.0% 33,871 $3.5M
Edmond DE Rothschild Holding S.A. 0.05% Add +24.1% 32,533 $3.4M
Keystone Investors Pte Ltd. 0.68% Add +986.7% 31,515 $3.3M
Fairtree Asset Management (Pty) Ltd 2.46% Reduce -43.2% 31,168 $3.3M
Ssa Swiss Advisors AG 1.57% New 27,445 $3.3M
Freemont Capital Pte Ltd 0.07% Add +19.2% 31,000 $3.2M
Alps Advisors Inc. 0.02% Add +25.8% 30,781 $3.2M
Federation des caisses Desjardins du Quebec 0.01% Add +14.3% 29,808 $3.1M
GAM Holding AG 0.21% New 29,196 $3.1M
Creative Planning 0.00% Reduce -21.7% 28,819 $3.0M
Capital International Sarl 0.06% Add +105.1% 28,156 $2.9M
M&T Bank Corp 0.01% Add +3.6% 28,150 $2.9M
IFM Investors Pty Ltd 0.03% No change 27,776 $2.9M
Crossmark Global Holdings, Inc. 0.05% Add +22.1% 27,475 $2.9M
Mawer Investment Management Ltd. 0.01% No change 27,000 $2.8M
Eisler Capital Management Ltd. 0.10% Add +73.1% 26,517 $2.8M
Nipun Capital, L.P. 1.48% Reduce -36.3% 26,000 $2.7M
ABS Direct Equity Fund LLC 4.01% Reduce -55.9% 24,099 $2.5M
Group One Trading LLC 0.08% New 23,527 $2.5M
Mariner, LLC 0.00% Add +17.9% 22,784 $2.4M
Veritas Asset Management LLP 0.02% No change 22,506 $2.4M
Avenir Tech Ltd 0.20% New 22,000 $2.3M
Ameritas Investment Partners, Inc. 0.07% No change 21,850 $2.3M
Grafton Street Partners Fund, LP 1.43% Reduce -44.5% 21,705 $2.3M
AEGON ASSET MANAGEMENT UK Plc 0.03% New 21,300 $2.2M
Envestnet Asset Management Inc. 0.00% Add +6.1% 20,559 $2.2M
Trivest Advisors Ltd 0.08% Reduce -98.5% 19,700 $2.1M
Cerity Partners LLC 0.00% Add +2.0% 19,696 $2.1M
Norinchukin Bank, The 0.03% Add +9.3% 19,579 $2.0M
Parametrica Management Ltd 3.74% Reduce -26.3% 19,230 $2.0M
Yousif Capital Management, LLC 0.02% Reduce -45.8% 18,501 $1.9M
Qtron Investments LLC 0.24% Add +2.9% 18,143 $1.9M
Intech Investment Management LLC 0.02% Add +20.7% 17,975 $1.9M
Garda Capital Partners LP 0.52% Reduce -37.0% 17,542 $1.8M
Sig Brokerage, LP 0.48% New 16,675 $1.7M
Private Advisor Group, LLC 0.01% Reduce -4.7% 16,665 $1.7M
Advisory Services Network, LLC 0.03% Reduce -14.2% 15,356 $1.7M
Henry James International Management Inc. 0.56% Add +0.1% 16,178 $1.7M
State of New Jersey Common Pension Fund D 0.01% Reduce -30.6% 15,813 $1.7M
Vanguard Personalized Indexing Management, LLC 0.02% Add +19.6% 15,533 $1.6M
Allianz SE 0.04% Reduce -41.8% 15,274 $1.6M
China Universal Asset Management Co., Ltd. 0.15% Reduce -10.0% 15,165 $1.6M
NewEdge Wealth, LLC 0.02% Reduce -28.6% 13,854 $1.6M
Banco Santander, S.A. 0.01% Add +82.5% 15,082 $1.6M
Kamunting Street Capital Management, L.P. 1.28% No change 15,000 $1.6M
BI Asset Management Fondsmaeglerselskab A/S 0.02% Reduce -11.8% 14,761 $1.5M
Solstein Capital, LLC 0.79% No change 14,699 $1.5M
ING Groep NV 0.01% New 14,608 $1.5M
HighTower Advisors, LLC 0.00% Reduce -16.1% 14,589 $1.5M
QRG Capital Management, Inc. 0.01% Reduce -4.4% 14,119 $1.5M
Morningstar Investment Management LLC 0.13% New 14,071 $1.5M
Northwestern Mutual Wealth Management Co. 0.00% Reduce -0.6% 13,947 $1.5M
Howard Capital Management, LLC 0.02% Add +10.0% 13,797 $1.4M
HAP Trading, LLC 0.61% Reduce -69.9% 13,332 $1.4M
Integrated Quantitative Investments LLC 0.41% No change 13,280 $1.4M
Comprehensive Financial Management LLC 0.04% New 13,125 $1.4M
Allspring Global Investments Holdings, LLC 0.00% Reduce -71.8% 12,461 $1.3M
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% Reduce -78.8% 12,449 $1.3M
Global Endowment Management, LP 0.17% Add +205.8% 12,337 $1.3M
Cigna Investments Inc. 0.22% Reduce -6.4% 12,241 $1.3M
Walleye Capital LLC 0.01% Reduce -55.4% 12,196 $1.3M
Horizon Investments, LLC 0.02% New 11,985 $1.3M
Vise Technologies, Inc. 0.05% — 11,984 $1.3M
Wahed Invest LLC 0.19% Reduce -2.3% 11,871 $1.2M
Polymer Capital Management (US) LLC 0.20% New 11,800 $1.2M
Osaic Holdings, Inc. 0.00% Reduce -8.5% 11,707 $1.2M
Focus Partners Wealth 0.00% Add +17.5% 11,678 $1.2M
Farther Finance Advisors, LLC 0.02% Add +259.1% 11,653 $1.2M
Northwest & Ethical Investments L.P. 0.03% No change 11,576 $1.2M
State of Wisconsin Investment Board 0.00% Add +3.2% 11,396 $1.2M
Ritholtz Wealth Management 0.03% Reduce -15.1% 11,329 $1.2M
Orion Porfolio Solutions, LLC 0.01% Reduce -10.8% 10,857 $1.1M
Vident Advisory, LLC 0.01% Add +6.9% 10,808 $1.1M
Sicart Associates LLC 0.39% No change 10,700 $1.1M
Bank of Nova Scotia 0.00% New 10,638 $1.1M
Laird Norton Wetherby Wealth Management, LLC 0.05% — 10,600 $1.1M
NewEdge Advisors, LLC 0.01% Reduce -40.6% 10,501 $1.1M
Danske Bank A/S 0.00% Reduce -32.6% 10,112 $1.1M
Penserra Capital Management LLC 0.01% Reduce -95.8% 10,077 $1.1M
Anson Funds Management LP 0.19% New 10,000 $1.0M
Quadrant Capital Group LLC 0.04% Add +21.5% 9,868 $1.0M
Pathstone Holdings, LLC 0.00% Reduce -31.3% 9,855 $1.0M
Maven Securities LTD 0.27% Add +35.5% 9,784 $1.0M
J. Safra Sarasin Holding AG 0.02% Reduce -85.7% 9,693 $1.0M
RD Finance Ltd 1.28% No change 9,350 $979K
Hudson Bay Capital Management LP 0.01% Reduce -97.7% 9,200 $963K
Truist Financial Corp. 0.00% Add +0.9% 8,924 $934K
US Bancorp \de 0.00% Reduce -16.1% 8,574 $897K
Sanctuary Advisors, LLC 0.01% Reduce -43.0% 8,457 $885K
ICICI Prudential Asset Management Co Ltd 0.11% Reduce -2.3% 8,371 $876K
Dark Forest Capital Management LP 0.03% New 8,305 $869K
AE Wealth Management LLC 0.01% Add +32.3% 8,213 $860K
SIH Partners, LLLP 0.08% Reduce -77.7% 8,204 $859K
Signaturefd, LLC 0.01% Reduce -10.8% 7,985 $836K
Hennion & Walsh Asset Management, Inc. 0.03% Reduce -1.1% 7,981 $835K
Corient Private Wealth LP 0.00% Reduce -1.3% 7,890 $826K
Cetera Investment Advisers 0.00% Reduce -29.2% 7,838 $820K
Two Sigma Securities, LLC 0.10% New 7,684 $804K
Brooklyn Investment Group 0.10% Add +11.8% 7,476 $782K
Cibc World Market Inc. 0.00% Add +74.0% 7,463 $781K
Boothbay Fund Management, LLC 0.02% Reduce -40.1% 7,302 $764K
Oberweis Asset Management Inc./ 0.03% Reduce -22.2% 7,000 $733K
Flow Traders U.S. LLC 0.03% New 6,988 $731K
Pinebridge Investments, L.P. 0.01% Reduce -95.5% 6,830 $715K
NorthCoast Asset Management LLC 0.00% Add +17.4% 6,791 $711K
Banco Bilbao Vizcaya Argentaria, S.A. 0.01% Reduce -21.1% 6,820 $704K
STF Management LP 0.28% Add +5.3% 6,707 $702K
Tower Research Capital LLC (TRC) 0.02% Reduce -38.6% 6,634 $694K
DRW Securities, LLC 0.05% Add +143.7% 6,541 $688K
Ieq Capital, LLC 0.00% Reduce -8.4% 6,426 $673K
Turn8 Private Wealth Inc. 0.48% New 24,421 $658K
Credit Industriel Et Commercial 0.14% Add +363.1% 6,146 $643K
Sava Infond d.o.o. 0.10% Reduce -16.4% 6,100 $638K
Johnson Investment Counsel Inc. 0.01% No change 6,099 $638K
Mangrove Partners Im, LLC 0.07% New 6,064 $635K
StepStone Group LP 1.24% New 7,032 $626K
Royal Fund Management, LLC 0.07% Reduce -3.3% 5,835 $611K
Commonwealth Equity Services, LLC 0.00% Reduce -70.8% 5,710 $598K
Commons Capital, LLC 0.45% No change 5,600 $586K
Mercer Global Advisors Inc. 0.00% Reduce -12.0% 5,548 $581K
Newlands Management Operations LLC 0.00% No change 5,438 $569K
Compound Planning, Inc. 0.02% Reduce -33.1% 5,387 $564K
111 Capital 0.09% Reduce -0.4% 5,200 $544K
Advisors Asset Management, Inc. 0.01% Reduce -2.0% 5,175 $542K
WT Asset Management Ltd 0.04% Reduce -98.9% 5,000 $523K
Bailard, Inc. 0.01% Reduce -28.6% 5,000 $523K
PNC Financial Services Group, Inc. 0.00% Add +21.2% 4,972 $520K
Edgestream Partners, L.P. 0.01% New 4,966 $520K
Sequoia Financial Advisors, LLC 0.00% Reduce -3.4% 4,878 $511K
Merit Financial Group, LLC 0.01% Add +3.0% 4,645 $486K
Cardiff Park Advisors, LLC 0.04% No change 4,556 $477K
SBI Securities Co., Ltd. 0.01% Add +12.9% 4,329 $453K
Keel Point, LLC 0.03% New 4,265 $446K
Capstone Investment Advisors, LLC 0.00% Add +75.5% 4,134 $433K
Checchi Capital Advisers, LLC 0.03% Add +7.3% 4,131 $432K
Hantz Financial Services, Inc. 0.01% Add +758.9% 4,114 $429K
Pitcairn Co. 0.03% Reduce -10.7% 4,071 $426K
Commerce Bank 0.00% Add +0.1% 4,033 $422K
Luxor Capital Group, LP 0.06% Reduce -97.7% 4,000 $419K
Robertson Stephens Wealth Management, LLC 0.01% No change 4,000 $419K
Tounjian Advisory Partners, LLC 0.08% Reduce -1.5% 3,502 $414K
Lavaca Capital LLC 0.17% Add +414.7% 3,958 $414K
West Family Investments, Inc. 0.11% Add +29.1% 3,916 $410K
Blue Trust, Inc. 0.00% Add +23.9% 3,820 $400K
Equitable Holdings, Inc. 0.00% New 3,725 $390K
Fifth Third Bancorp 0.00% Add +1.2% 3,616 $378K
Apollon Wealth Management, LLC 0.01% Add +17.6% 3,574 $374K
LGT Group Foundation 0.00% Reduce -71.7% 3,500 $366K
Axq Capital, LP 0.12% New 3,412 $357K
Independent Financial Group, LLC 0.01% Reduce -17.2% 3,380 $354K
Range Financial Group LLC 0.14% Add +31.1% 3,373 $353K
Marathon Trading Investment Management LLC 0.21% Reduce -5.7% 3,291 $344K
Gsa Capital Partners LLP 0.02% Reduce -57.5% 3,224 $337K
Bayforest Capital Ltd 0.15% New 3,179 $333K
Institute for Wealth Management, LLC. 0.03% No change 2,980 $312K
Aaron Wealth Advisors LLC 0.03% Add +28.7% 2,975 $311K
Sagespring Wealth Partners, LLC 0.01% Add +13.4% 2,931 $307K
International Assets Investment Management, LLC 0.02% Add +31.8% 2,905 $304K
Alpha Family Trust 0.15% No change 2,815 $295K
Lester Murray Antman dba SimplyRich 0.08% Reduce -36.5% 2,805 $293K
Ballentine Partners, LLC 0.00% Add +0.7% 2,732 $286K
Caption Management, LLC 0.03% Reduce -74.5% 2,700 $283K
Calydon Capital 0.03% New 2,648 $277K
Lido Advisors, LLC 0.00% Add +4.6% 2,633 $276K
Bridgewater Advisors Inc. 0.02% Add +10.8% 2,367 $273K
Parallel Advisors, LLC 0.01% Reduce -32.2% 2,588 $271K
Groupe la Francaise 0.00% New 2,200 $270K
Banque Cantonale Vaudoise 0.01% Reduce -86.9% 2,568 $269K
Aspen Grove Capital, LLC 0.04% Reduce -0.0% 2,517 $263K
PDS Planning, Inc 0.02% Reduce -9.9% 2,507 $262K
Rehmann Capital Advisory Group 0.02% Add +15.2% 2,495 $261K
Savant Capital, LLC 0.00% New 2,494 $261K
May Hill Capital, LLC 0.08% Reduce -42.8% 2,448 $256K
Frank, Rimerman Advisors LLC 0.02% New 2,411 $252K
Focus Financial Network, Inc. 0.01% Add +4.3% 2,376 $249K
Net Worth Advisory Group 0.05% New 2,354 $246K
Hamilton Capital, LLC 0.01% New 2,313 $242K
Barometer Capital Management Inc. 0.07% Add +53.3% 2,300 $241K
Avantax Advisory Services, Inc. 0.00% Add +20.2% 2,289 $240K
Sowell Financial Services LLC 0.01% New 2,260 $237K
Accuvest Global Advisors 0.15% Reduce -37.0% 2,243 $235K
Legacy Capital Group California, Inc. 0.06% Add +9.3% 2,230 $233K
Alhambra Investment Management LLC 0.11% No change 2,200 $230K
First Affirmative Financial Network 0.11% Add +15.6% 2,131 $223K
OneDigital Investment Advisors LLC 0.00% Add +18.4% 2,043 $214K
Allegheny Financial Group 0.05% New 2,031 $213K
Greenleaf Trust 0.00% Add +1.1% 2,023 $212K
Gunderson Capital Management LLC 0.09% Add +5.5% 1,944 $203K
Plato Investment Management Ltd 0.02% No change 1,940 $202K
Migdal Insurance & Financial Holdings Ltd. 0.00% No change 1,850 $195K
Generali Asset Management SPA SGR 0.00% No change 1,700 $178K
EverSource Wealth Advisors, LLC 0.01% Add +62.1% 1,662 $174K
BNP Paribas 0.01% New 1,500 $157K
Jones Financial Companies LLLP 0.00% Add +4.9% 1,359 $143K
CIBC Private Wealth Group LLC 0.00% Reduce -0.8% 1,336 $140K
MAI Capital Management 0.00% Add +1961.2% 1,010 $106K
Leading Securities Co Ltd 1.49% New 1,000 $105K
Stephens Consulting, LLC 0.03% No change 1,000 $105K
Oddo BHF Asset Management Sas 0.00% Reduce -71.8% 1,000 $105K
Steward Partners Investment Advisory, LLC 0.00% Reduce -9.3% 938 $98K
Cwm, LLC 0.00% Reduce -4.2% 931 $97K
Generali Investments CEE, investicni spolecnost, a.s. 0.01% Reduce -93.6% 900 $94K
Wolverine Asset Management LLC 0.01% New 846 $89K
Activest Wealth Management 0.02% Add +139.1% 837 $88K
Goldstream Capital Management Ltd 0.03% Reduce -12.4% 758 $79K
Bank Julius Baer & Co. Ltd, Zurich 0.00% New 672 $70K
Accent Capital Management, LLC 0.03% No change 650 $68K
EMC Capital Management 0.03% New 500 $52K
Catalyst Capital Advisors LLC 0.00% Reduce -4.1% 487 $51K
Ridgewood Investments LLC 0.02% Reduce -30.8% 449 $47K
Huntington National Bank 0.00% Add +35.7% 418 $44K
Nisa Investment Advisors, LLC 0.00% Add +14.3% 400 $42K
IFP Advisors, Inc 0.00% Reduce -19.6% 328 $34K
Robinswood Financial LLC 0.01% New 300 $31K
Ameritas Advisory Services, LLC 0.00% New 264 $28K
Westside Investment Management, Inc. 0.00% Add +398.0% 249 $26K
Future Financial Wealth Managment LLC 0.02% No change 250 $26K
Arax Advisory Partners 0.00% Reduce -40.6% 136 $26K
Atlantic Union Bankshares Corp 0.00% New 200 $21K
UMB Bank, n.a. 0.00% Add +2.6% 198 $21K
Allworth Financial LP 0.00% Add +1.1% 183 $19K
NewSquare Capital LLC 0.00% Add +82.7% 148 $15K
Sierra Ocean, LLC 0.01% Add +7.6% 141 $15K
Global Retirement Partners, LLC 0.00% — 140 $15K
Garde Capital, Inc. 0.00% No change 130 $14K
Creative Financial Designs Inc. 0.00% Add +2140.0% 112 $12K
JFS Wealth Advisors, LLC 0.00% Reduce -37.4% 109 $11K
Bessemer Group Inc. 0.00% Reduce -49.0% 106 $11K
Compagnie Lombard Odier SCmA 0.00% Add +0.0% 100 $10K
Assetmark, Inc. 0.00% Add +1516.7% 97 $10K
Ramirez Asset Management, Inc. 0.00% Reduce -65.7% 90 $9K
Bell Investment Advisors, Inc 0.00% Reduce -7.2% 90 $9K
Capital Analysts, LLC 0.00% Reduce -14.1% 85 $9K
Private Trust Co. NA 0.00% Add +591.7% 83 $9K
Key Financial Inc 0.00% No change 82 $9K
Wilmington Savings Fund Society, FSB 0.00% Reduce -28.7% 82 $9K
Financial Perspectives, Inc 0.00% Add +26.6% 81 $8K
Murphy & Mullick Capital Management Corp 0.01% No change 74 $8K
WealthCollab, LLC 0.00% No change 73 $8K
Binnacle Investments Inc 0.00% No change 71 $7K
Principal Securities, Inc. 0.00% Reduce -87.3% 69 $7K
Bellwether Advisors, LLC 0.00% No change 56 $6K
Physician Wealth Advisors, Inc. 0.00% Add +20.9% 52 $5K
Larson Financial Group LLC 0.00% Add +44.1% 49 $5K
TD Waterhouse Canada Inc. 0.00% No change 41 $4K
GAMMA Investing LLC 0.00% Reduce -38.5% 40 $4K
Twin Peaks Wealth Advisors, LLC 0.00% New 32 $4K
Parkside Financial Bank & Trust 0.00% Add +20.7% 35 $4K
Highline Wealth Partners LLC 0.00% Reduce -36.7% 31 $3K
Bare Financial Services, Inc 0.00% Add +275.0% 30 $3K
Geneos Wealth Management Inc. 0.00% Reduce -15.6% 27 $3K
Clean Yield Group 0.00% No change 26 $3K
Spire Wealth Management 0.00% Reduce -85.6% 21 $2K
Riggs Asset Managment Co. Inc. 0.00% New 20 $2K
Avion Wealth 0.00% No change 25 $2K
Archer Investment Corp 0.00% No change 17 $2K
Brown Brothers Harriman & Co. 0.00% New 16 $2K
Total Investment Management Inc. 0.00% New 13 $1K
Elevation Point Wealth Partners, LLC 0.00% New 13 $1K
Raffa Wealth Management, LLC 0.00% No change 12 $1K
Hazlett, Burt & Watson, Inc. 0.00% New 10 $1K
Beaird Harris Wealth Management, LLC 0.00% Add +80.0% 9 $942
Smartleaf Asset Management LLC 0.00% Reduce -70.4% 8 $841
SWAN Capital LLC 0.00% No change 8 $837
Proathlete Wealth Management LLC 0.00% New 8 $837
AdvisorNet Financial, Inc 0.00% Reduce -33.3% 8 $837
Abound Wealth Management 0.00% No change 6 $628
Golden State Wealth Management, LLC 0.00% No change 6 $628
Harbour Investments, Inc. 0.00% No change 6 $628
Sound Income Strategies, LLC 0.00% No change 6 $628
Asset Dedication, LLC 0.00% No change 5 $524
High Note Wealth, LLC 0.00% Add +150.0% 5 $523
Frazier Financial Advisors, LLC 0.00% New 4 $419
Anfield Capital Management, LLC 0.00% No change 4 $419
Logan Capital Management Inc. 0.00% No change 3 $314
TD Private Client Wealth LLC 0.00% No change 3 $314
Aventura Private Wealth, LLC 0.00% New 2 $209
Clark Wealth Partners 0.00% New 1 $105
GPS Wealth Strategies Group, LLC 0.00% New 1 $105
TrinityBridge Ltd 0.00% No change 270 $0

"% of holder's portfolio" is PDD's weight in each manager's 13F, not the share of PDD Holdings Inc. the manager owns.