PDD HoldingsPDD
13F holders, Q3 2025 (September 30)559holders +22
86new positions
64sold out
12famous investors
$132.02avg. 13F price*
At the end of Q3 2025, 559 institutions reported holding PDD Holdings Inc. (PDD) in their 13F filings, up 22 from Q2 2025. 86 opened new positions and 64 sold out. The largest holders were BlackRock, Inc. ($4.7B), Vanguard Group Inc. ($4.3B) and Baillie Gifford & Co. ($4.2B). 12 famous investors held it, including Li Lu (18.9% of Himalaya Capital Management's portfolio), Duan Yongping (7.7% 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 Q2 2025 → Q3 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 86 | $1.3B |
| Exits | 64 | $1.5B |
All 13F filers, Q2 2025 → Q3 2025: 54,310,532 shares bought and 43,666,158 shares sold, net +10,644,374 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 559 holders
| BlackRock, Inc. | 0.08% | Add +7.6% | 35,843,251 | $4.7B |
| Vanguard Group Inc. | 0.06% | Add +1.1% | 32,384,722 | $4.3B |
| Baillie Gifford & Co. | 3.11% | Reduce -7.5% | 31,799,003 | $4.2B |
| FMR LLC | 0.12% | Add +16.0% | 17,319,713 | $2.3B |
| State Street Corp. | 0.06% | Add +3.2% | 12,103,482 | $1.6B |
| HSG Holding Ltd | 77.21% | Reduce -16.5% | 11,348,426 | $1.5B |
| Goldman Sachs Group Inc. | 0.19% | Reduce -0.8% | 10,051,279 | $1.3B |
| SC US (ttgp), LTD. | 7.24% | Reduce -16.5% | 8,841,576 | $1.2B |
| HHLR Advisors, LTD. | 27.76% | Add +23.2% | 8,592,600 | $1.1B |
| H&H International Investment | 7.72% | Reduce -1.0% | 8,574,194 | $1.1B |
| HSBC Holdings PLC | 0.66% | Add +94.4% | 8,407,658 | $1.1B |
| Sanders Capital, LLC | 1.32% | Reduce -4.6% | 8,133,290 | $1.1B |
| FIL Ltd | 0.75% | Add +102.7% | 7,212,310 | $953.3M |
| Morgan Stanley | 0.06% | Reduce -12.8% | 7,096,162 | $937.9M |
| Orbis Allan Gray Ltd | 3.94% | Add +22.9% | 6,942,339 | $917.6M |
| Geode Capital Management, LLC | 0.05% | Add +2.8% | 6,399,859 | $840.1M |
| First Beijing Investment Ltd | 31.48% | Add +10.6% | 6,168,721 | $815.3M |
| Krane Funds Advisors LLC | 22.52% | Add +25.5% | 6,139,072 | $792.4M |
| JPMorgan Chase & Co. | 0.05% | Add +17.5% | 5,581,827 | $737.8M |
| T. Rowe Price Associates Inc. | 0.08% | Add +6.6% | 5,370,372 | $709.8M |
| Invesco Ltd. | 0.11% | Add +33.2% | 5,278,026 | $697.6M |
| BNP Paribas Financial Markets | 0.53% | Reduce -7.7% | 5,042,763 | $666.5M |
| Jane Street Group, LLC | 0.73% | Add +168.6% | 4,675,629 | $618.0M |
| Himalaya Capital Management | 18.85% | No change | 4,608,000 | $609.0M |
| Legal & General Group Plc | 0.13% | Add +1.2% | 4,525,500 | $598.1M |
| Temasek Holdings (Private) Ltd | 2.00% | Add +199.5% | 4,348,247 | $574.7M |
| Capital International Investors | 0.08% | Add +7.3% | 3,891,319 | $514.3M |
| NetEase, Inc. | 94.22% | No change | 3,555,488 | $469.9M |
| Dimensional Fund Advisors LP | 0.10% | Add +3.6% | 3,426,879 | $452.7M |
| Greenwoods Asset Management Hong Kong Ltd. | 9.99% | Add +4.3% | 3,356,964 | $443.7M |
| Susquehanna International Group, LLP | 0.63% | Add +189.0% | 3,239,227 | $428.1M |
| Northern Trust Corp. | 0.05% | Add +2.1% | 3,213,342 | $424.7M |
| Aspex Management (HK) Ltd | 8.96% | New | 3,172,333 | $419.3M |
| Bank of America Corp. | 0.03% | Reduce -3.7% | 2,737,642 | $361.8M |
| Deutsche Bank AG | 0.12% | Reduce -8.4% | 2,703,346 | $357.3M |
| SRS Investment Management, LLC | 3.82% | Reduce -34.7% | 2,654,394 | $350.8M |
| Triata Capital Ltd | 39.25% | Add +55.7% | 2,544,478 | $336.3M |
| Mitsubishi UFJ Trust & Banking Corp | 0.73% | Add +34.7% | 2,523,266 | $333.5M |
| Capital Today Evergreen Fund, L.P. | 92.62% | No change | 2,493,586 | $329.6M |
| UBS Group AG | 0.06% | Reduce -35.3% | 2,465,444 | $325.9M |
| Marshall Wace, LLP | 0.34% | Add +68.0% | 2,354,164 | $311.1M |
| Citigroup Inc. | 0.20% | Add +28.6% | 2,163,383 | $285.9M |
| IDG China Venture Capital Fund IV Associates L.P. | 55.43% | Reduce -24.1% | 1,997,996 | $264.1M |
| Dragoneer Investment Group, LLC | 5.36% | Reduce -48.1% | 1,835,428 | $242.6M |
| Appaloosa | 3.22% | Reduce -10.0% | 1,800,000 | $237.9M |
| Nuveen, LLC | 0.06% | Add +31.6% | 1,750,903 | $231.4M |
| Bank of New York Mellon Corp | 0.04% | Reduce -6.6% | 1,738,478 | $229.8M |
| Sumitomo Mitsui Trust Group, Inc. | 0.13% | Add +4.5% | 1,719,535 | $227.3M |
| Barclays PLC | 0.08% | Add +1.6% | 1,685,699 | $222.8M |
| Assenagon Asset Management S.A. | 0.32% | Reduce -77.6% | 1,658,082 | $219.1M |
| Robeco Institutional Asset Management B.V. | 0.31% | Add +30.8% | 1,612,868 | $213.2M |
| Swiss National Bank | 0.12% | Add +1.7% | 1,600,444 | $211.5M |
| Point72 Hong Kong Ltd | 9.63% | Add +215.6% | 1,577,173 | $208.5M |
| Prudential PLC | 1.51% | Reduce -3.8% | 1,556,903 | $205.8M |
| Arrowstreet Capital, Limited Partnership | 0.12% | New | 1,487,766 | $196.6M |
| Schroder Investment Management Group | 0.14% | Reduce -40.5% | 1,380,013 | $182.4M |
| Altimeter Capital Management | 2.39% | New | 1,371,680 | $181.3M |
| Citadel Advisors | 0.15% | Add +342.6% | 1,344,058 | $177.6M |
| Perseverance Asset Management International | 30.28% | Add +1.6% | 1,333,235 | $176.2M |
| Macquarie Group Ltd. | 0.20% | Reduce -1.3% | 1,267,720 | $167.6M |
| Pictet Asset Management Holding SA | 0.16% | Add +40.3% | 1,263,344 | $167.0M |
| Massachusetts Financial Services Co. | 0.05% | Reduce -9.9% | 1,244,571 | $164.5M |
| Aberdeen Group plc | 0.26% | Reduce -4.0% | 1,228,193 | $161.8M |
| California Public Employees Retirement System | 0.09% | Add +12.5% | 1,194,229 | $157.8M |
| Charles Schwab Investment Management Inc. | 0.03% | Add +6.3% | 1,193,205 | $157.7M |
| Acadian Asset Management LLC | 0.25% | Add +400.2% | 1,105,071 | $146.0M |
| Green Court Capital Management Ltd | 63.76% | Add +42.3% | 1,060,800 | $140.2M |
| IvyRock Asset Management (HK) Ltd | 58.79% | Reduce -4.8% | 1,035,249 | $136.8M |
| Alliancebernstein L.P. | 0.04% | Add +1976.4% | 993,690 | $131.3M |
| Susquehanna Advisors Group, Inc. | 4.94% | Add +12.3% | 954,200 | $126.1M |
| American Century Companies Inc. | 0.06% | Add +26.3% | 952,302 | $125.9M |
| CANADA LIFE ASSURANCE Co | 0.17% | Add +4.0% | 908,673 | $118.7M |
| Wellington Management Group LLP | 0.02% | Reduce -2.7% | 894,551 | $118.2M |
| Royal Bank of Canada | 0.02% | Add +36.2% | 885,792 | $117.1M |
| Russell Investments Group, Ltd. | 0.12% | Add +24.1% | 825,884 | $108.7M |
| Mitsubishi UFJ Asset Management Co., Ltd. | 0.08% | Add +8.1% | 817,939 | $108.1M |
| Evergreen Quality Fund GP, Ltd. | 2.36% | Add +2.9% | 804,054 | $106.3M |
| GF Fund Management Co. LTD. | 1.90% | Reduce -13.0% | 793,042 | $104.8M |
| First Trust Advisors LP | 0.07% | Reduce -35.8% | 759,737 | $100.4M |
| WT Asset Management Ltd | 4.64% | Add +15030.8% | 756,540 | $100.0M |
| Cederberg Capital Ltd | 28.53% | Add +47.6% | 755,900 | $99.9M |
| ProShare Advisors LLC | 0.21% | Reduce -21.0% | 746,065 | $98.6M |
| Lazard Asset Management LLC | 0.13% | Add +10.4% | 717,956 | $94.9M |
| Royal London Asset Management Ltd. | 0.20% | Add +24.3% | 688,372 | $91.0M |
| Franklin Resources Inc. | 0.02% | Add +1.6% | 681,332 | $90.1M |
| Ameriprise Financial Inc. | 0.02% | Add +6.0% | 672,951 | $88.9M |
| Aviva PLC | 0.16% | Add +5.4% | 652,449 | $86.2M |
| Pinpoint Asset Management (Singapore) Pte. Ltd. | 14.60% | Add +0.7% | 619,113 | $81.8M |
| Point72 Asset Management | 0.19% | Add +296.0% | 614,101 | $81.2M |
| National Bank of Canada | 0.09% | Reduce -66.6% | 605,690 | $80.1M |
| Kora Management LP | 8.48% | Add +33.3% | 604,250 | $79.9M |
| Charles-Lim Capital Ltd | 20.23% | New | 600,000 | $79.3M |
| Fisher Asset Management | 0.03% | Add +2.1% | 575,944 | $76.1M |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.12% | Reduce -8.7% | 562,415 | $74.3M |
| Polar Capital Holdings Plc | 0.36% | Reduce -3.3% | 555,898 | $73.5M |
| Korea Investment CORP | 0.15% | Reduce -1.7% | 545,887 | $72.1M |
| Allianz Asset Management GmbH | 0.09% | Add +7.8% | 542,799 | $71.7M |
| Barings LLC | 1.39% | Add +11.5% | 539,000 | $71.2M |
| Healthcare of Ontario Pension Plan Trust Fund | 0.13% | Reduce -52.1% | 520,976 | $68.9M |
| Maple Rock Capital Partners Inc. | 2.77% | Reduce -31.9% | 518,941 | $68.6M |
"% of holder's portfolio" is PDD's weight in each manager's 13F, not the share of PDD Holdings Inc. the manager owns.