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

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 Q2 2025 → Q3 2025

InstitutionsTotal Value
New Positions86$1.3B
Exits64$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
Franchise Capital Ltd 28.85% Reduce -0.1% 501,460 $66.3M
Matthews International Capital Management LLC 15.24% Reduce -1.2% 493,802 $65.3M
Trivest Advisors Ltd 2.07% Add +2387.3% 490,000 $64.8M
USS Investment Management Ltd 0.30% Add +122.8% 472,054 $62.4M
Simplex Trading, LLC 1.35% New 463,452 $61.3M
Cat Rock Capital Management LP 7.26% Reduce -1.8% 445,228 $58.8M
Balyasny Asset Management L.P. 0.12% Add +388.3% 438,634 $58.0M
Punch Card Management L.P. 17.01% No change 415,004 $54.9M
Public Sector Pension Investment Board 0.20% Reduce -7.6% 411,930 $54.4M
DekaBank Deutsche Girozentrale 0.09% No change 408,010 $53.7M
Harvest Fund Management Co., Ltd 2.22% Reduce -2.1% 396,109 $52.3M
Squarepoint Ops LLC 0.11% Add +12.9% 390,126 $51.6M
Carrhae Capital LLP 4.86% Reduce -23.2% 386,924 $51.1M
Mackenzie Financial Corp. 0.06% Add +2.8% 371,390 $49.1M
OVERSEA-CHINESE BANKING Corp Ltd 1.26% Add +17.3% 368,564 $48.7M
BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.13% Add +9.2% 367,068 $48.3M
Capital International, Inc. 0.38% Add +1.7% 357,166 $47.2M
Mirae Asset Global Investments Co., Ltd. 0.14% Add +0.3% 349,383 $46.2M
TB Alternative Assets Ltd. 6.84% Add +62.5% 345,888 $45.7M
Victory Capital Management Inc. 0.03% Reduce -0.3% 326,330 $43.1M
California State Teachers Retirement System 0.04% Add +0.2% 325,374 $43.0M
M&G PLC 0.24% Reduce -3.2% 325,605 $43.0M
APG Asset Management N.V. 0.12% Reduce -7.8% 377,528 $42.5M
Todd Asset Management LLC 0.85% Add +22.9% 318,435 $42.1M
Causeway Capital Management LLC 0.54% New 309,641 $40.9M
SG Americas Securities, LLC 0.15% Add +203.1% 301,450 $39.8M
RV Capital AG 7.29% Reduce -10.2% 301,232 $39.8M
Connor, Clark & Lunn Investment Management Ltd. 0.12% Add +14.9% 299,005 $39.5M
Maytree Asset Management Ltd 35.04% Add +0.9% 294,649 $38.9M
E Fund Management (Hong Kong) Co., Ltd. 23.22% Add +2.1% 288,652 $38.2M
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.21% Add +2.1% 276,500 $36.5M
Handelsbanken Fonder AB 0.11% Reduce -0.3% 262,178 $34.7M
Sei Investments Co. 0.04% Add +23.9% 260,413 $34.4M
Bank of Montreal 0.01% Add +13.1% 254,979 $33.7M
Manufacturers Life Insurance Company, The 0.03% Reduce -2.5% 245,340 $32.4M
Marex Group Ltd 0.38% Add +96.3% 232,973 $30.8M
Quadrature Capital Ltd 0.36% New 228,754 $30.2M
Public Employees Retirement System of Ohio 0.09% Add +32.1% 223,495 $29.5M
Exchange Traded Concepts, LLC 0.28% Add +0.6% 220,553 $29.2M
KEYWISE CAPITAL MANAGEMENT (HK) Ltd 2.33% Reduce -83.4% 219,850 $29.1M
Teachers Retirement System of the State of Kentucky 0.21% Add +22.8% 213,860 $28.3M
Monolith Management Ltd 12.20% Add +8.5% 209,393 $27.7M
Panagora Asset Management Inc. 0.11% Add +99.7% 205,965 $27.2M
NEOS Investment Management LLC 0.20% Add +69.7% 204,356 $27.0M
Centiva Capital, LP 2.51% New 203,192 $26.9M
Ardmore Road Asset Management LP 1.71% New 200,000 $26.4M
AXA Investment Managers S.A. 0.07% — 198,948 $26.3M
Zurcher Kantonalbank (Zurich Cantonalbank) 0.06% Add +5.1% 198,180 $26.2M
KBC Group NV 0.06% Add +5.3% 197,852 $26.1M
WCM Investment Management, LLC 0.05% Reduce -30.8% 193,785 $25.3M
Resona Asset Management Co.,Ltd. 0.12% Reduce -3.3% 187,947 $24.8M
Tiger Pacific Capital LP 6.26% New 187,323 $24.8M
PARUS FINANCE (UK) Ltd 6.37% Add +3.7% 183,476 $24.3M
BIT Capital GmbH 1.11% Reduce -59.3% 183,423 $24.2M
Voya Investment Management LLC 0.03% Add +22.4% 183,214 $24.2M
Polymer Capital Management (HK) LTD 3.35% Add +10.8% 182,184 $24.1M
Credit Agricole S A 0.08% — 180,642 $23.9M
AI-Squared Management Ltd 24.84% Add +389.2% 180,508 $23.9M
National Pension Service 0.02% Add +3.7% 179,463 $23.7M
BI Asset Management Fondsmaeglerselskab A/S 0.21% Add +1113.8% 179,175 $23.7M
Candriam S.C.A. 0.12% Add +158.1% 175,000 $23.1M
KLP Kapitalforvaltning As 0.09% Add +2.4% 168,200 $22.2M
Renaissance Technologies 0.03% Reduce -77.8% 164,400 $21.7M
Millennium Management 0.02% Add +316.3% 164,254 $21.7M
Global X Japan Co., Ltd. 1.86% Reduce -6.8% 162,251 $21.4M
WIM INVESTMENT MANAGEMENT Ltd 5.31% No change 157,968 $20.9M
Guggenheim Capital LLC 0.15% Reduce -2.4% 154,896 $20.5M
Headwater Capital Co Ltd 4.85% Reduce -25.0% 150,000 $19.8M
Yunqi Capital Ltd 11.20% Add +37.9% 144,800 $19.1M
CIBC Asset Management Inc 0.05% Reduce -0.3% 142,111 $18.8M
Walleye Capital LLC 0.16% Add +1040.3% 139,076 $18.4M
Orland Properties Ltd 3.92% No change 138,835 $18.3M
Ossiam 0.23% No change 134,000 $17.7M
Tudor Investment Corporation 0.12% New 131,772 $17.4M
Lansforsakringar Fondforvaltning AB (publ) 0.09% Add +1.4% 130,120 $17.2M
Wells Fargo & Company 0.00% Reduce -0.3% 127,886 $16.9M
Panview Capital Ltd 7.03% Reduce -46.0% 125,000 $16.5M
Asset Management One Co., Ltd. 0.05% Add +4.0% 124,908 $16.5M
Nomura Asset Management Co. Ltd. 0.04% Add +6.7% 122,853 $16.2M
Hidden Lake Asset Management LP 6.38% New 120,847 $16.0M
LMR Partners LLP 0.30% Add +175.7% 117,082 $15.5M
Blue Creek Capital Management Ltd 18.98% No change 116,721 $15.4M
Rakuten Investment Management, Inc. 0.05% — 138,543 $14.9M
Himension Capital (singapore) Pte. LTD. 0.90% Add +6.7% 110,953 $14.7M
Nan Fung Trinity (hk) Ltd. 1.43% No change 108,100 $14.3M
Danske Bank A/S 0.04% Add +965.2% 107,712 $14.2M
Nomura Holdings Inc. 0.07% Reduce -41.3% 101,971 $13.5M
ANTIPODES PARTNERS Ltd 0.30% Reduce -12.8% 101,901 $13.5M
Neuberger Berman Group LLC 0.01% Reduce -12.7% 101,897 $13.5M
Tidal Investments LLC 0.06% Add +13.5% 100,474 $13.3M
Verition Fund Management LLC 0.08% Reduce -15.4% 100,311 $13.3M
3G Capital Partners LP 3.13% Reduce -76.5% 100,000 $13.2M
Nissay Asset Management Corp. /Japan 0.07% Add +3.0% 99,606 $13.2M
TD Asset Management Inc 0.01% Reduce -10.6% 97,816 $12.9M
CI Investments Inc. 0.05% Reduce -0.5% 94,767 $12.5M
Rafferty Asset Management, LLC 0.04% Reduce -18.8% 94,561 $12.5M
Profund Advisors LLC 0.40% Add +6.7% 92,506 $12.2M
Owl Creek Asset Management, L.P. 1.35% New 89,732 $11.9M
Taikang Asset Management (Hong Kong) Co Ltd 1.32% Reduce -60.3% 89,306 $11.8M
Platinum Investment Management Ltd. 0.76% No change 88,509 $11.7M
Contrarius Group Holdings Ltd 0.51% Reduce -0.8% 85,372 $11.3M
Police & Firemen's Retirement System of New Jersey 0.09% Reduce -51.5% 84,823 $11.2M
iA Global Asset Management Inc. 0.15% Add +4.6% 84,640 $11.2M
New York State Common Retirement Fund 0.01% Add +4.5% 83,646 $11.1M
Holocene Advisors, LP 0.03% New 83,528 $11.0M
Nearwater Capital Markets, Ltd 0.15% New 83,100 $11.0M
Liontrust Investment Partners LLP 0.15% Reduce -10.4% 78,287 $10.3M
Rhumbline Advisers 0.01% Add +7.5% 76,203 $10.1M
Capitolis Liquid Global Markets LLC 0.08% No change 76,000 $10.0M
Aware Super Pty Ltd as trustee of Aware Super 0.13% No change 73,243 $9.7M
IFM Investors Pty Ltd 0.08% Add +159.3% 72,022 $9.4M
Daiwa Securities Group Inc. 0.03% Add +6.4% 70,285 $9.3M
Swiss Life Asset Management Ltd 0.05% Add +33.9% 70,223 $9.3M
Shelton Capital Management 0.20% Reduce -8.3% 69,280 $9.2M
AMS Capital Ltda 3.67% Reduce -11.9% 67,854 $9.0M
Nishkama Capital, LLC 0.80% New 67,162 $8.9M
Janney Capital Management LLC 0.55% Reduce -4.2% 66,675 $8.8M
Polen Capital Management LLC 0.03% Reduce -1.6% 63,283 $8.4M
Baron Capital (BAMCO) 0.02% Add +16.1% 62,386 $8.2M
FACT Capital, LP 4.19% New 60,926 $8.1M
CMT Capital Markets Trading GmbH 3.29% Reduce -44.5% 59,934 $7.9M
DNB Asset Management AS 0.03% Add +5.9% 59,100 $7.8M
Commonwealth of Pennsylvania Public School Empls Retrmt SYS 0.04% Add +53.6% 58,117 $7.7M
CastleKnight Management LP 0.41% No change 56,700 $7.5M
Comgest Global Investors S.A.S. 0.13% Add +10.9% 56,509 $7.5M
Prudential Financial Inc. 0.01% Add +13.0% 55,926 $7.4M
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% Add +338.1% 54,539 $7.2M
Sumitomo Mitsui DS Asset Management Company, Ltd 0.06% Reduce -8.4% 54,456 $7.2M
Schonfeld Strategic Advisors LLC 0.05% Add +58.9% 54,041 $7.1M
Quantinno Capital Management LP 0.02% Add +34.2% 53,566 $7.1M
Yarbrough Capital, LLC 0.22% Reduce -12.1% 53,202 $7.0M
Amiral Gestion 2.53% Add +10.4% 53,000 $7.0M
Y-Intercept (Hong Kong) Ltd 0.17% Reduce -20.7% 52,421 $6.9M
O'shaughnessy Asset Management, LLC 0.04% Add +29.7% 51,455 $6.8M
Union Bancaire Privee, UBP SA 0.10% Add +1.3% 57,459 $6.7M
Caption Management, LLC 0.40% Add +1749.9% 49,947 $6.6M
Seldon Capital LP 2.30% Add +2.6% 49,476 $6.5M
Creative Planning 0.01% Add +71.5% 49,429 $6.5M
Louisiana State Employees Retirement System 0.11% Reduce -0.2% 48,700 $6.4M
OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.20% Reduce -41.6% 46,801 $6.2M
Pacer Advisors, Inc. 0.02% Reduce -5.5% 46,524 $6.1M
GAM Holding AG 0.37% Add +56.5% 45,696 $6.0M
Orion Porfolio Solutions, LLC 0.05% Add +316.9% 45,262 $6.0M
Siren, L.L.C. 0.22% Reduce -18.0% 43,401 $5.7M
ABS Direct Equity Fund LLC 8.13% Add +78.6% 43,033 $5.7M
STRS Ohio 0.02% Reduce -27.8% 41,955 $5.5M
Van Eck Associates Corp. 0.01% Reduce -22.6% 41,740 $5.5M
AustralianSuper Pty Ltd 0.03% Add +18.4% 41,422 $5.5M
Cantor Fitzgerald, L. P. 0.11% New 54,739 $5.4M
Vontobel Holding Ltd. 0.02% Add +5.4% 40,421 $5.3M
LPL Financial LLC 0.00% Add +8.3% 40,072 $5.3M
Marathon Trading Investment Management LLC 2.27% Add +1112.0% 39,886 $5.3M
Quantitative Investment Management, LLC 0.72% New 39,402 $5.2M
Hel Ved Capital Management Ltd 2.76% Reduce -32.0% 38,437 $5.1M
Central Asset Investments & Management Holdings (HK) Ltd 3.59% New 38,350 $5.1M
Integrated Quantitative Investments LLC 1.42% Add +184.1% 37,723 $5.0M
Thrivent Financial for Lutherans 0.01% New 36,821 $4.9M
Virtus Family Office LLC 4.53% Reduce -5.0% 36,652 $4.8M
Raymond James Financial Inc. 0.00% Reduce -0.5% 36,282 $4.8M
SIH Partners, LLLP 0.42% Add +341.3% 36,200 $4.8M
Ensign Peak Advisors, Inc 0.01% Reduce -29.5% 36,200 $4.8M
All-Stars Investment Ltd 1.41% Reduce -42.1% 35,000 $4.6M
Freemont Capital Pte Ltd 0.10% Add +12.9% 35,000 $4.6M
Toronto Dominion Bank 0.01% Reduce -29.8% 34,412 $4.5M
Mawer Investment Management Ltd. 0.02% Add +27.4% 34,400 $4.5M
Varma Mutual Pension Insurance Co 0.03% No change 34,000 $4.5M
Gulf International Bank (UK) Ltd 0.15% No change 33,871 $4.5M
Edmond DE Rothschild Holding S.A. 0.07% Add +1.9% 33,163 $4.4M
Federation des caisses Desjardins du Quebec 0.02% Add +9.3% 32,584 $4.3M
OPTIMAS CAPITAL Ltd 2.72% New 32,549 $4.3M
GTS Securities LLC 0.16% New 31,587 $4.2M
Wolverine Trading, LLC 0.08% Reduce -63.8% 31,490 $4.1M
Natixis 0.02% Reduce -49.4% 30,457 $4.0M
Alps Advisors Inc. 0.02% Reduce -2.5% 29,998 $4.0M
Banco BTG Pactual S.A. 0.57% New 29,332 $3.9M
Dymon Asia Capital (singapore) Pte. LTD. 1.53% New 28,795 $3.8M
China Universal Asset Management Co., Ltd. 0.31% Add +87.0% 28,357 $3.7M
B. Metzler seel. Sohn & Co. AG 0.03% Reduce -30.6% 27,263 $3.6M
Gunderson Capital Management LLC 1.32% Add +1298.2% 27,180 $3.6M
Ssa Swiss Advisors AG 1.66% No change 27,445 $3.6M
Leonteq Securities AG 0.19% Reduce -32.6% 26,871 $3.6M
Shell Asset Management Co. 0.35% Reduce -22.8% 26,705 $3.5M
Kepler Cheuvreux (Suisse) SA 0.18% — 25,922 $3.4M
Capital International Sarl 0.06% Reduce -8.3% 25,806 $3.4M
PEAK6 LLC 0.08% Reduce -92.4% 25,527 $3.4M
Crossmark Global Holdings, Inc. 0.05% Reduce -8.2% 25,228 $3.3M
CIBC Bancorp USA Inc. 0.02% — 24,455 $3.2M
Turn8 Private Wealth Inc. 2.32% Add +0.1% 24,446 $3.2M
Hantz Financial Services, Inc. 0.05% Add +473.5% 23,594 $3.1M
Qtron Investments LLC 0.38% Add +28.6% 23,322 $3.1M
Veritas Asset Management LLP 0.03% No change 22,506 $3.0M
Ameritas Investment Partners, Inc. 0.09% Add +1.9% 22,276 $2.9M
Saba Capital Management, L.P. 0.10% New 22,139 $2.9M
Jupiter Asset Management Ltd. 0.03% New 22,000 $2.9M
Mariner, LLC 0.00% Reduce -3.8% 21,927 $2.9M
Persistent Asset Partners Ltd 2.09% New 21,855 $2.9M
Myriad Asset Management US LP 1.55% Reduce -44.3% 21,535 $2.8M
Quadrant Capital Group LLC 0.09% Add +115.2% 21,236 $2.8M
Norinchukin Bank, The 0.04% Add +8.5% 21,236 $2.8M
Woodline Partners LP 0.01% New 21,204 $2.8M
Campbell & CO Investment Adviser LLC 0.21% New 21,108 $2.8M
Vident Advisory, LLC 0.03% Add +94.6% 21,037 $2.8M
Intech Investment Management LLC 0.02% Add +12.6% 20,230 $2.7M
Cerity Partners LLC 0.00% Add +2.7% 20,221 $2.7M
Los Angeles Capital Management LLC 0.01% Reduce -55.6% 19,721 $2.6M
Jump Financial, LLC 0.03% Reduce -53.3% 19,685 $2.6M
Parametrica Management Ltd 3.94% No change 19,230 $2.5M
Envestnet Asset Management Inc. 0.00% Reduce -8.4% 18,835 $2.5M
Boston Partners 0.00% New 18,697 $2.5M
Yousif Capital Management, LLC 0.03% No change 18,501 $2.4M
Clough Capital Partners L P 0.21% Reduce -76.8% 18,150 $2.4M
Maytus Capital Management, LLC 0.51% Reduce -47.8% 18,000 $2.4M
Investment House LLC 0.11% New 17,913 $2.4M
Vanguard Personalized Indexing Management, LLC 0.02% Add +15.3% 17,909 $2.4M
HAP Trading, LLC 0.65% — 17,792 $2.4M
Alberta Investment Management Corp 0.02% Reduce -76.9% 17,300 $2.3M
Nipun Capital, L.P. 1.44% Reduce -35.0% 16,900 $2.3M
Headlands Technologies LLC 0.18% New 16,890 $2.2M
Henry James International Management Inc. 0.65% No change 16,178 $2.1M
Private Advisor Group, LLC 0.01% Reduce -3.8% 16,034 $2.1M
NewEdge Wealth, LLC 0.03% Add +8.6% 15,048 $2.1M
Advisory Services Network, LLC 0.03% Add +0.7% 15,458 $2.0M
Texas Yale Capital Corp. 0.06% New 15,363 $2.0M
Vise Technologies, Inc. 0.07% Add +27.0% 15,222 $2.0M
PKO Investment Management Joint-Stock Co 0.17% New 15,000 $2.0M
Man Group plc 0.00% Reduce -78.8% 14,781 $2.0M
Solstein Capital, LLC 0.89% No change 14,699 $1.9M
Northwestern Mutual Wealth Management Co. 0.00% Add +4.9% 14,628 $1.9M
Fairtree Asset Management (Pty) Ltd 1.25% Reduce -53.7% 14,439 $1.9M
Johns Hopkins University 0.10% New 14,088 $1.9M
Wahed Invest LLC 0.25% Add +16.4% 13,812 $1.8M
Focus Partners Wealth 0.00% Add +17.7% 13,744 $1.8M
Howard Capital Management, LLC 0.02% Reduce -1.1% 13,639 $1.8M
Northwest & Ethical Investments L.P. 0.04% Add +13.7% 13,166 $1.7M
Banco Santander, S.A. 0.02% Reduce -13.4% 13,059 $1.7M
State of Wisconsin Investment Board 0.00% Add +14.4% 13,037 $1.7M
HighTower Advisors, LLC 0.00% Reduce -11.4% 12,924 $1.7M
Horizon Investments, LLC 0.02% Add +6.5% 12,768 $1.7M
Cigna Investments Inc. 0.24% Add +3.6% 12,683 $1.7M
United American Securities Inc. (d/b/a UAS Asset Management) 0.35% New 12,500 $1.7M
Ieq Capital, LLC 0.01% Add +94.5% 12,496 $1.7M
Ritholtz Wealth Management 0.03% Add +8.8% 12,331 $1.6M
AE Wealth Management LLC 0.01% Add +47.4% 12,105 $1.6M
Newlands Management Operations LLC 0.01% Add +121.6% 12,050 $1.6M
Allspring Global Investments Holdings, LLC 0.00% Reduce -6.9% 11,605 $1.6M
Boothbay Fund Management, LLC 0.04% Add +59.6% 11,651 $1.5M
Farther Finance Advisors, LLC 0.02% Reduce -1.5% 11,479 $1.5M
Cetera Investment Advisers 0.00% Add +41.2% 11,065 $1.5M
QRG Capital Management, Inc. 0.02% Reduce -23.3% 10,827 $1.4M
Sicart Associates LLC 0.38% No change 10,700 $1.4M
Laird Norton Wetherby Wealth Management, LLC 0.06% Add +0.2% 10,622 $1.4M
Pathstone Holdings, LLC 0.01% Add +6.1% 10,454 $1.4M
Osaic Holdings, Inc. 0.00% Reduce -8.3% 10,736 $1.4M
ICICI Prudential Asset Management Co Ltd 0.14% Add +22.5% 10,257 $1.4M
Prelude Capital Management, LLC 0.10% New 9,850 $1.3M
State of Wyoming 0.14% New 9,620 $1.3M
Penserra Capital Management LLC 0.02% Reduce -5.0% 9,571 $1.3M
RD Finance Ltd 1.32% Reduce -0.2% 9,328 $1.2M
Hudson Bay Capital Management LP 0.01% Reduce -0.1% 9,186 $1.2M
Tower Research Capital LLC (TRC) 0.03% Add +34.4% 8,916 $1.2M
Pinebridge Investments, L.P. 0.01% Add +29.3% 8,830 $1.2M
Global Endowment Management, LP 0.14% Reduce -31.4% 8,457 $1.1M
Corient Private Wealth LP 0.00% Add +6.0% 8,365 $1.1M
Compound Planning, Inc. 0.04% Add +54.7% 8,336 $1.1M
Sava Infond d.o.o. 0.16% Add +36.1% 8,300 $1.1M
Signaturefd, LLC 0.02% Add +3.9% 8,293 $1.1M
Comprehensive Financial Management LLC 0.03% Reduce -38.0% 8,143 $1.1M
Hershey Trust Co. 0.01% New 8,123 $1.1M
Paradiem, LLC 0.25% New 8,078 $1.1M
Tairen Capital Ltd 0.11% Reduce -91.8% 8,000 $1.1M
Rockefeller Capital Management L.P. 0.00% New 7,893 $1.0M
ABN AMRO Bank N.V. 0.01% New 7,738 $1.0M
Edgestream Partners, L.P. 0.03% Add +52.3% 7,565 $1000K
BOCHK Asset Management Ltd 0.26% New 7,500 $991K
Bayesian Capital Management, LP 0.20% New 7,500 $991K
Allianz SE 0.02% Reduce -51.3% 7,446 $984K
Pathway Capital Management, LP 4.68% New 7,197 $951K
OMERS ADMINISTRATION Corp 0.01% New 7,077 $935K
Oberweis Asset Management Inc./ 0.04% No change 7,000 $925K
STF Management LP 0.33% Reduce -0.1% 6,697 $885K
PNC Financial Services Group, Inc. 0.00% Add +32.7% 6,597 $872K
Sequoia Financial Advisors, LLC 0.01% Add +33.9% 6,531 $863K
Tuttle Capital Management, LLC 3.22% New 6,428 $850K
RWC Asset Management LLP 0.05% New 6,390 $845K
Hennion & Walsh Asset Management, Inc. 0.03% Reduce -21.7% 6,250 $826K
US Bancorp \de 0.00% Reduce -29.2% 6,067 $802K
Brooklyn Investment Group 0.11% Add +0.2% 7,490 $787K
Commons Capital, LLC 0.50% No change 5,600 $740K
NewEdge Advisors, LLC 0.00% Reduce -48.3% 5,425 $717K
111 Capital 0.14% Add +3.7% 5,393 $713K
Caprock Group, LLC 0.02% — 5,603 $674K
Bailard, Inc. 0.01% No change 5,000 $661K
Mercer Global Advisors Inc. 0.00% Reduce -13.8% 4,780 $632K
QVT Financial LP 0.07% New 4,728 $625K
Commonwealth Equity Services, LLC 0.00% Reduce -17.4% 4,717 $623K
Merit Financial Group, LLC 0.01% Add +1.1% 4,694 $620K
Johnson Investment Counsel Inc. 0.01% Reduce -23.9% 4,644 $614K
Gsa Capital Partners LLP 0.05% Add +41.6% 4,566 $603K
Cardiff Park Advisors, LLC 0.05% No change 4,556 $602K
National Philanthropic Trust 0.01% New 4,526 $598K
Axq Capital, LP 0.23% Add +31.8% 4,497 $594K
May Hill Capital, LLC 0.17% Add +78.0% 4,357 $576K
Keel Point, LLC 0.03% Add +0.2% 4,275 $565K
Flossbach Von Storch SE 0.00% New 4,245 $561K
Advisors Asset Management, Inc. 0.01% Reduce -18.7% 4,207 $556K
Blue Trust, Inc. 0.01% Add +7.2% 4,094 $541K
Eisler Capital Management Ltd. 0.01% Reduce -84.7% 4,071 $537K
Checchi Capital Advisers, LLC 0.04% Reduce -2.1% 4,045 $535K
Commerce Bank 0.00% Reduce -0.1% 4,027 $532K
West Family Investments, Inc. 0.12% Add +2.8% 4,026 $532K
Robertson Stephens Wealth Management, LLC 0.02% No change 4,000 $529K
Dynamic Technology Lab Private Ltd 0.09% New 3,997 $528K
ING Groep NV 0.00% Reduce -72.7% 3,991 $527K
Frank, Rimerman Advisors LLC 0.03% Add +65.0% 3,978 $526K
Lavaca Capital LLC 0.09% No change 3,958 $523K
Credit Industriel Et Commercial 0.11% Reduce -37.3% 3,852 $509K
Banque Cantonale Vaudoise 0.02% Add +46.5% 3,761 $497K
Two Sigma Securities, LLC 0.07% Reduce -51.9% 3,695 $488K
Sagespring Wealth Partners, LLC 0.01% Add +24.4% 3,645 $482K
Fifth Third Bancorp 0.00% Reduce -3.3% 3,498 $462K
Range Financial Group LLC 0.17% Add +3.4% 3,489 $461K
Banco Bilbao Vizcaya Argentaria, S.A. 0.00% Reduce -49.7% 3,433 $459K
Insigneo Advisory Services, LLC 0.03% New 3,460 $457K
Apollon Wealth Management, LLC 0.01% Reduce -9.1% 3,250 $430K
Capstone Investment Advisors, LLC 0.00% Reduce -23.2% 3,175 $420K
Cibc World Market Inc. 0.00% Reduce -58.0% 3,137 $415K
Parallel Advisors, LLC 0.01% Add +20.9% 3,130 $414K
Pitcairn Co. 0.03% Reduce -24.6% 3,070 $406K
Morningstar Investment Management LLC 0.01% Reduce -78.4% 3,034 $401K
PDS Planning, Inc 0.03% Add +16.9% 2,932 $388K
Aaron Wealth Advisors LLC 0.02% Reduce -5.2% 2,819 $373K
Alpha Family Trust 0.17% No change 2,815 $372K
Victory Financial Group, LLC 0.05% New 2,815 $372K
Oddo BHF Asset Management Sas 0.01% Add +180.0% 2,800 $370K
Lester Murray Antman dba SimplyRich 0.10% No change 2,805 $370K
Ballentine Partners, LLC 0.01% Add +1.3% 2,768 $366K
IFG Advisory, LLC 0.02% New 2,737 $362K
SBI Securities Co., Ltd. 0.01% Reduce -36.9% 2,730 $361K
Savant Capital, LLC 0.00% Add +5.4% 2,629 $347K
Bridgewater Advisors Inc. 0.02% Add +2.3% 2,421 $331K
Blair William & Co. 0.00% New 2,491 $329K
Ethic Inc. 0.01% New 2,477 $327K
Sustainable Insight Capital Management, LLC 0.10% New 2,438 $322K
First Affirmative Financial Network 0.15% Add +10.8% 2,362 $312K
Allegheny Financial Group 0.06% Add +15.8% 2,352 $311K
International Assets Investment Management, LLC 0.02% No change 2,905 $306K
Arista Wealth Management, LLC 0.04% New 2,300 $304K
Focus Financial Network, Inc. 0.01% Reduce -3.3% 2,298 $304K
Evergreen Capital Management LLC 0.01% New 2,267 $300K
Bank of Nova Scotia 0.00% Reduce -79.0% 2,235 $295K
Alhambra Investment Management LLC 0.14% No change 2,200 $291K
Accuvest Global Advisors 0.18% Reduce -4.6% 2,140 $283K
Independent Financial Group, LLC 0.01% Reduce -37.0% 2,129 $281K
Rehmann Capital Advisory Group 0.02% Reduce -15.2% 2,116 $280K
Agf Management Ltd. 0.00% New 2,030 $268K
Greenleaf Trust 0.00% No change 2,023 $267K
OneDigital Investment Advisors LLC 0.00% Reduce -2.6% 1,989 $263K
MML Investors Services, LLC 0.00% New 1,952 $258K
Cambridge Investment Research Advisors, Inc. 0.00% New 1,928 $255K
Plato Investment Management Ltd 0.02% No change 1,940 $254K
Prime Capital Investment Advisors, LLC 0.00% New 1,835 $243K
EverSource Wealth Advisors, LLC 0.01% Add +10.2% 1,832 $242K
Chung Wu Investment Group, LLC 0.20% New 1,800 $238K
Resonant Capital Advisors, LLC 0.01% New 1,685 $223K
Lido Advisors, LLC 0.00% Reduce -37.8% 1,638 $217K
MN Wealth Advisors, LLC 0.11% New 1,605 $212K
Migdal Insurance & Financial Holdings Ltd. 0.00% Reduce -14.1% 1,590 $209K
AQR Capital Management 0.00% Reduce -99.8% 1,548 $206K
Sanctuary Advisors, LLC 0.00% Reduce -81.8% 1,542 $204K
Fortis Capital Management LLC 0.03% New 1,536 $203K
U.S. Capital Wealth Advisors, LLC 0.01% New 1,516 $200K
BNP Paribas 0.01% No change 1,500 $198K
Activest Wealth Management 0.04% Add +57.0% 1,314 $174K
Wolverine Asset Management LLC 0.01% Add +52.3% 1,288 $170K
Jones Financial Companies LLLP 0.00% Reduce -3.7% 1,309 $170K
Arax Advisory Partners 0.00% Add +778.7% 1,195 $158K
CIBC Private Wealth Group LLC 0.00% Reduce -18.3% 1,092 $144K
Stephens Consulting, LLC 0.05% No change 1,000 $132K
Capula Management Ltd 0.00% New 1,000 $132K
EMC Capital Management 0.06% Add +100.0% 1,000 $132K
Advisors Preferred, LLC 0.02% New 940 $126K
Cwm, LLC 0.00% Reduce -4.9% 885 $117K
Steward Partners Investment Advisory, LLC 0.00% Reduce -8.5% 858 $113K
Generali Investments CEE, investicni spolecnost, a.s. 0.01% Reduce -12.7% 786 $104K
Bank Julius Baer & Co. Ltd, Zurich 0.00% Add +0.6% 676 $89K
Accent Capital Management, LLC 0.04% No change 650 $86K
Goldstream Capital Management Ltd 0.02% Reduce -29.7% 533 $70K
Huntington National Bank 0.00% Add +13.2% 473 $63K
Westside Investment Management, Inc. 0.01% Add +79.9% 448 $60K
Global Retirement Partners, LLC 0.00% Add +215.7% 442 $58K
Groupe la Francaise 0.00% Reduce -77.3% 500 $56K
Assetmark, Inc. 0.00% Add +314.4% 402 $53K
Larson Financial Group LLC 0.00% Add +720.4% 402 $53K
Wexford Capital LP 0.01% New 331 $44K
Catalyst Capital Advisors LLC 0.00% Reduce -32.9% 327 $43K
Bayforest Capital Ltd 0.02% Reduce -90.4% 305 $40K
Nisa Investment Advisors, LLC 0.00% Reduce -25.0% 300 $40K
Binnacle Investments Inc 0.02% Add +281.7% 271 $36K
Allworth Financial LP 0.00% Add +39.9% 256 $34K
Future Financial Wealth Managment LLC 0.02% No change 250 $33K
Ameritas Advisory Services, LLC 0.00% Reduce -5.3% 250 $33K
Wealthspire Advisors, LLC 0.00% New 219 $29K
Principal Securities, Inc. 0.00% Add +201.4% 208 $27K
Atlantic Union Bankshares Corp 0.00% No change 200 $26K
UMB Bank, n.a. 0.00% Reduce -14.1% 170 $22K
Smartleaf Asset Management LLC 0.00% Add +1325.0% 114 $15K
Creative Financial Designs Inc. 0.00% No change 112 $15K
Private Trust Co. NA 0.00% Add +32.5% 110 $15K
JFS Wealth Advisors, LLC 0.00% No change 109 $14K
Bessemer Group Inc. 0.00% No change 106 $14K
Mather Group, Llc. 0.00% New 103 $14K
Compagnie Lombard Odier SCmA 0.00% No change 100 $13K
Ramirez Asset Management, Inc. 0.00% No change 90 $12K
MAI Capital Management 0.00% Reduce -91.6% 85 $11K
Key Financial Inc 0.00% No change 82 $11K
Capital Analysts, LLC 0.00% No change 85 $11K
Financial Perspectives, Inc 0.00% No change 81 $11K
Murphy & Mullick Capital Management Corp 0.01% No change 74 $10K
WealthCollab, LLC 0.00% No change 73 $10K
Bell Investment Advisors, Inc 0.00% Reduce -25.6% 67 $9K
Physician Wealth Advisors, Inc. 0.00% Add +7.7% 56 $7K
IFP Advisors, Inc 0.00% Reduce -82.9% 56 $7K
Highline Wealth Partners LLC 0.00% Add +64.5% 51 $7K
Crewe Advisors LLC 0.00% New 46 $6K
GAMMA Investing LLC 0.00% No change 40 $5K
Root Financial Partners, LLC 0.00% New 36 $5K
Parkside Financial Bank & Trust 0.00% No change 35 $5K
New Age Alpha Advisors, LLC 0.00% New 35 $5K
Quarry LP 0.00% New 27 $4K
Clean Yield Group 0.00% No change 26 $3K
Avion Wealth 0.00% No change 25 $3K
True Wealth Design, LLC 0.00% New 22 $3K
JPL Wealth Management, LLC 0.00% New 21 $3K
Spire Wealth Management 0.00% No change 21 $3K
Archer Investment Corp 0.00% No change 17 $2K
Bogart Wealth, LLC 0.00% New 17 $2K
Brown Brothers Harriman & Co. 0.00% No change 16 $2K
Raffa Wealth Management, LLC 0.00% No change 12 $2K
Stone House Investment Management, LLC 0.00% New 10 $1K
SWAN Capital LLC 0.00% No change 8 $1K
AdvisorNet Financial, Inc 0.00% No change 8 $1K
Hazlett, Burt & Watson, Inc. 0.00% No change 10 $1K
Abound Wealth Management 0.00% No change 6 $794
Beaird Harris Wealth Management, LLC 0.00% Reduce -33.3% 6 $794
Bare Financial Services, Inc 0.00% Reduce -80.0% 6 $793
Golden State Wealth Management, LLC 0.00% No change 6 $793
Harbour Investments, Inc. 0.00% No change 6 $793
Sound Income Strategies, LLC 0.00% No change 6 $788
Asset Dedication, LLC 0.00% No change 5 $661
Geneos Wealth Management Inc. 0.00% Reduce -81.5% 5 $661
Frazier Financial Advisors, LLC 0.00% No change 4 $529
North Star Investment Management Corp. 0.00% New 4 $529
Rossby Financial, LCC 0.00% New 3 $403
Logan Capital Management Inc. 0.00% No change 3 $397
TD Private Client Wealth LLC 0.00% No change 3 $397
TD Waterhouse Canada Inc. 0.00% Reduce -97.6% 1 $134
GPS Wealth Strategies Group, LLC 0.00% No change 1 $132
Avenir Tech Ltd 0.00% Reduce -100.0% 1 $132
Y.D. More Investments Ltd 0.00% New 179 $71

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