PDD HoldingsPDD

13F holders, Q4 2025 (December 31)
574holders +15
71new positions
71sold out
9famous investors
$113.26avg. 13F price*

At the end of Q4 2025, 574 institutions reported holding PDD Holdings Inc. (PDD) in their 13F filings, up 15 from Q3 2025. 71 opened new positions and 71 sold out. The largest holders were BlackRock, Inc. ($4.4B), Vanguard Group Inc. ($3.7B) and Baillie Gifford & Co. ($3.5B). 9 famous investors held it, including Li Lu (14.6% of Himalaya Capital Management's portfolio), Duan Yongping (7.5% of H&H International Investment's portfolio) and David Tepper (2.9% 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 Q3 2025 → Q4 2025

InstitutionsTotal Value
New Positions71$1.0B
Exits71$862.1M

All 13F filers, Q3 2025 → Q4 2025: 64,477,305 shares bought and 45,373,335 shares sold, net +19,103,970 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 574 holders

BlackRock, Inc. 0.08% Add +9.2% 39,152,152 $4.4B
Vanguard Group Inc. 0.05% Add +1.3% 32,810,630 $3.7B
Baillie Gifford & Co. 2.92% Reduce -2.4% 31,032,323 $3.5B
Invesco Ltd. 0.23% Add +301.0% 21,165,375 $2.4B
FMR LLC 0.08% Reduce -15.7% 14,597,758 $1.7B
State Street Corp. 0.05% Add +1.3% 12,257,360 $1.4B
H&H International Investment 7.48% Add +34.5% 11,536,694 $1.3B
HHLR Advisors, LTD. 39.17% Add +24.8% 10,721,400 $1.2B
HSG Holding Ltd 63.61% No change 11,348,426 $1.2B
Norges Bank 0.11% — 9,396,292 $1.1B
SC US (ttgp), LTD. 7.19% No change 8,841,576 $1.0B
Goldman Sachs Group Inc. 0.14% Reduce -12.2% 8,826,751 $1.0B
Sanders Capital, LLC 1.06% Reduce -0.3% 8,112,327 $919.9M
First Beijing Investment Ltd 30.33% Add +10.0% 6,782,955 $769.1M
Assenagon Asset Management S.A. 1.15% Add +305.8% 6,728,909 $763.0M
Geode Capital Management, LLC 0.05% Add +5.6% 6,759,780 $761.7M
FIL Ltd 0.55% Reduce -9.7% 6,516,042 $738.9M
Krane Funds Advisors LLC 23.54% Add +4.2% 6,397,960 $725.5M
Morgan Stanley 0.04% Reduce -16.2% 5,948,846 $674.5M
BNP Paribas Financial Markets 0.37% Add +2.1% 5,146,573 $583.6M
JPMorgan Chase & Co. 0.04% Reduce -9.2% 5,068,738 $574.7M
Capital International Investors 0.08% Add +20.8% 4,698,655 $532.8M
Temasek Holdings (Private) Ltd 1.71% Add +7.7% 4,682,894 $531.0M
HSBC Holdings PLC 0.30% Reduce -44.5% 4,669,352 $529.5M
Himalaya Capital Management 14.64% No change 4,608,000 $522.5M
Marshall Wace, LLP 0.50% Add +91.7% 4,512,664 $511.7M
Dodge & Cox 0.27% New 4,439,800 $503.4M
UBS Group AG 0.09% Add +68.3% 4,148,190 $470.4M
Legal & General Group Plc 0.10% Reduce -8.3% 4,147,464 $470.3M
Schroder Investment Management Group 0.36% Add +199.8% 4,137,857 $469.2M
Greenwoods Asset Management Hong Kong Ltd. 11.12% Add +18.2% 3,968,270 $450.0M
NetEase, Inc. 93.24% No change 3,555,488 $403.2M
Dimensional Fund Advisors LP 0.08% Add +1.7% 3,484,692 $395.1M
T. Rowe Price Associates Inc. 0.04% Reduce -39.2% 3,262,954 $370.0M
SG Americas Securities, LLC 0.49% Add +974.2% 3,238,126 $367.2M
Northern Trust Corp. 0.05% Reduce -0.7% 3,189,599 $361.7M
Mitsubishi UFJ Trust & Banking Corp 0.85% Add +25.5% 3,167,810 $359.2M
Aspex Management (HK) Ltd 7.16% Reduce -2.0% 3,109,525 $352.6M
Bank of America Corp. 0.03% Add +11.7% 3,057,744 $346.7M
Deutsche Bank AG 0.10% Add +2.7% 2,776,077 $314.8M
Barclays PLC 0.12% Add +57.8% 2,660,115 $301.6M
Triata Capital Ltd 35.15% Add +0.5% 2,557,700 $290.0M
Perseverance Asset Management International 32.60% Add +47.2% 1,962,092 $222.5M
Dragoneer Investment Group, LLC 4.54% No change 1,835,428 $208.1M
Robeco Institutional Asset Management B.V. 0.29% Add +10.7% 1,785,936 $202.5M
Appaloosa 2.94% Reduce -1.4% 1,775,000 $201.3M
Prudential PLC 1.59% Add +12.5% 1,751,095 $198.6M
IDG China Venture Capital Fund IV Associates L.P. 84.94% Reduce -12.5% 1,749,029 $198.3M
Nuveen, LLC 0.05% Reduce -3.6% 1,687,403 $191.3M
Sumitomo Mitsui Trust Group, Inc. 0.11% Reduce -2.2% 1,682,194 $190.7M
Capital Today Evergreen Fund, L.P. 85.65% Reduce -34.5% 1,634,077 $185.3M
Swiss National Bank 0.10% Reduce -3.0% 1,552,644 $176.1M
Citigroup Inc. 0.12% Reduce -28.6% 1,543,816 $175.1M
Bank of New York Mellon Corp 0.03% Reduce -14.4% 1,488,074 $168.7M
National Bank of Canada 0.17% Add +135.9% 1,428,593 $162.0M
Acadian Asset Management LLC 0.26% Add +27.7% 1,411,514 $160.0M
Boundless Plain Holdings Ltd 46.82% — 1,294,753 $146.8M
Massachusetts Financial Services Co. 0.05% Add +1.2% 1,259,912 $142.9M
Charles Schwab Investment Management Inc. 0.02% Add +4.7% 1,249,313 $141.7M
Pictet Asset Management Holding SA 0.14% Reduce -2.5% 1,231,832 $139.7M
American Century Companies Inc. 0.07% Add +28.4% 1,222,648 $138.6M
California Public Employees Retirement System 0.08% Add +0.1% 1,195,822 $135.6M
Orbis Allan Gray Ltd 0.56% Reduce -83.2% 1,168,327 $132.5M
First Trust Advisors LP 0.10% Add +52.5% 1,158,932 $131.4M
Russell Investments Group, Ltd. 0.13% Add +30.1% 1,074,635 $122.0M
ProShare Advisors LLC 0.21% Add +41.5% 1,056,004 $119.7M
Nomura Asset Management International Inc. 0.18% — 1,049,894 $119.0M
GF Fund Management Co. LTD. 1.98% Add +28.5% 1,019,069 $115.6M
SRS Investment Management, LLC 1.21% Reduce -61.7% 1,016,859 $115.3M
Aberdeen Group plc 0.18% Reduce -17.4% 1,013,878 $115.0M
IvyRock Asset Management (HK) Ltd 59.30% Reduce -4.2% 991,509 $112.4M
Alliancebernstein L.P. 0.03% Reduce -6.6% 927,794 $105.2M
Walleye Trading LLC 1.62% New 885,812 $100.4M
Mitsubishi UFJ Asset Management Co., Ltd. 0.07% Add +5.3% 860,912 $99.7M
Green Court Capital Management Ltd 38.25% Reduce -19.2% 856,958 $99.5M
Evergreen Quality Fund GP, Ltd. 1.93% Add +7.3% 863,016 $97.9M
Anatole Investment Management Ltd 15.83% New 837,433 $95.0M
Wellington Management Group LLP 0.02% Reduce -9.4% 810,863 $91.9M
Franklin Resources Inc. 0.02% Add +17.8% 802,538 $91.0M
Lazard Asset Management LLC 0.15% Add +9.3% 784,898 $89.0M
Cederberg Capital Ltd 27.83% No change 755,900 $85.7M
LMR Partners LLP 1.06% Add +526.6% 733,647 $83.2M
DekaBank Deutsche Girozentrale 0.14% No change 408,010 $82.8M
Healthcare of Ontario Pension Plan Trust Fund 0.14% Add +36.4% 710,731 $80.6M
Royal London Asset Management Ltd. 0.17% Add +1.1% 696,172 $78.9M
Allianz Asset Management GmbH 0.09% Add +27.3% 691,141 $78.4M
Royal Bank of Canada 0.01% Reduce -24.1% 672,008 $76.2M
Susquehanna International Group, LLP 0.10% Reduce -79.4% 666,594 $75.6M
Barings LLC 1.42% Add +21.4% 654,567 $74.2M
Aviva PLC 0.12% Reduce -1.8% 641,018 $72.7M
Pinpoint Asset Management (Singapore) Pte. Ltd. 14.79% Add +1.1% 625,807 $71.0M
True Light Capital Pte. Ltd. 30.82% — 602,262 $68.3M
Brilliance Asset Management Ltd. 26.49% New 595,174 $67.5M
Polar Capital Holdings Plc 0.30% Add +3.9% 577,391 $65.5M
Fisher Asset Management 0.02% Reduce -0.5% 573,184 $65.0M
Allspring Global Investments Holdings, LLC 0.10% Add +4697.0% 556,693 $64.4M
Korea Investment CORP 0.12% Add +1.6% 554,687 $62.9M
CANADA LIFE ASSURANCE Co 0.11% Reduce -39.6% 548,649 $62.2M
Man Group plc 0.12% Add +3510.4% 533,660 $60.5M
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.09% Reduce -6.3% 526,998 $59.8M
Maytree Asset Management Ltd 43.14% Add +74.1% 513,112 $58.2M
Charles-Lim Capital Ltd 15.38% Reduce -16.7% 500,000 $56.7M
BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.07% Add +36.1% 499,516 $56.6M
Kora Management LP 7.41% Reduce -18.8% 490,650 $55.6M
Manufacturers Life Insurance Company, The 0.05% Add +97.4% 484,402 $55.0M
Sei Investments Co. 0.05% Add +72.7% 449,686 $51.0M
Cat Rock Capital Management LP 7.24% No change 445,228 $50.5M
PEAK6 LLC 1.35% Add +1604.2% 435,042 $49.3M
Mackenzie Financial Corp. 0.06% Add +13.6% 421,758 $47.9M
Harvest Fund Management Co., Ltd 1.80% Add +6.6% 422,263 $47.9M
Punch Card Management L.P. 15.64% No change 415,004 $47.1M
Public Sector Pension Investment Board 0.16% Add +0.6% 414,330 $47.0M
Capital International, Inc. 0.37% Add +14.7% 409,537 $46.4M
OVERSEA-CHINESE BANKING Corp Ltd 1.25% Add +8.6% 400,127 $45.4M
Centiva Capital, LP 2.75% Add +96.9% 400,000 $45.4M
Nomura Holdings Inc. 0.12% Add +276.8% 384,271 $43.6M
Millennium Management 0.03% Add +132.9% 382,550 $43.4M
Polymer Capital Management (HK) LTD 6.68% Add +107.8% 378,574 $42.9M
USS Investment Management Ltd 0.21% Reduce -20.5% 375,076 $42.5M
Causeway Capital Management LLC 0.58% Add +19.9% 371,241 $42.1M
Matthews International Capital Management LLC 12.76% Reduce -24.9% 370,640 $42.0M
Mirae Asset Global Investments Co., Ltd. 0.11% Add +4.3% 364,337 $41.3M
Bank of Montreal 0.02% Add +37.6% 350,801 $39.8M
IMC-Chicago, LLC 0.69% New 347,618 $39.4M
TB Alternative Assets Ltd. 6.32% Reduce -1.6% 340,228 $38.6M
Balyasny Asset Management L.P. 0.07% Reduce -23.5% 335,433 $38.0M
Victory Capital Management Inc. 0.02% Add +2.1% 333,281 $37.8M
M&G PLC 0.20% Reduce -0.0% 325,505 $36.8M
APG Asset Management N.V. 0.10% Add +0.8% 380,428 $36.7M
Citadel Advisors 0.02% Reduce -76.5% 315,262 $35.7M
Todd Asset Management LLC 0.69% Reduce -1.9% 312,283 $35.4M
California State Teachers Retirement System 0.04% Reduce -5.0% 309,209 $35.1M
Maple Rock Capital Partners Inc. 1.15% Reduce -40.9% 306,641 $34.8M
Alpine Investment Management Ltd 15.60% New 306,198 $34.7M
Arrowstreet Capital, Limited Partnership 0.02% Reduce -79.5% 305,410 $34.6M
Franchise GP Ltd 38.64% — 302,460 $34.3M
Handelsbanken Fonder AB 0.10% Add +10.4% 289,419 $32.8M
Zurcher Kantonalbank (Zurich Cantonalbank) 0.07% Add +44.7% 286,726 $32.5M
NEOS Investment Management LLC 0.18% Add +36.7% 279,363 $31.7M
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.16% Reduce -0.5% 275,000 $31.2M
Renaissance Technologies 0.05% Add +66.6% 273,900 $31.1M
E Fund Management (Hong Kong) Co., Ltd. 10.18% Add +1.4% 292,834 $30.3M
Headwater Capital Co Ltd 6.13% Add +73.3% 260,000 $29.5M
Ameriprise Financial Inc. 0.01% Reduce -62.4% 253,111 $28.7M
Exchange Traded Concepts, LLC 0.23% Add +10.1% 242,722 $27.5M
Credit Agricole S A 0.07% Add +32.8% 239,796 $27.2M
KBC Group NV 0.06% Add +20.9% 239,124 $27.1M
WCM Investment Management, LLC 0.05% Add +17.9% 228,515 $26.0M
Voya Investment Management LLC 0.03% Add +22.9% 225,227 $25.5M
Carrhae Capital LLP 1.68% Reduce -42.5% 222,654 $25.2M
Global X Japan Co., Ltd. 1.92% Add +36.9% 222,147 $25.2M
BI Asset Management Fondsmaeglerselskab A/S 0.22% Add +23.4% 221,109 $25.1M
Cable Car Capital, LP 1.61% New 220,000 $24.9M
Connor, Clark & Lunn Investment Management Ltd. 0.06% Reduce -27.5% 216,765 $24.6M
Jennison Associates LLC 0.01% New 213,348 $24.2M
Teachers Retirement System of the State of Kentucky 0.18% Reduce -1.5% 210,660 $23.9M
Marex Group Ltd 0.25% Reduce -14.3% 199,627 $22.6M
Public Employees Retirement System of Ohio 0.07% Reduce -11.5% 197,711 $22.4M
National Pension Service 0.02% Add +9.7% 196,838 $22.3M
Parallax Volatility Advisers, L.P. 0.75% New 187,904 $21.3M
Yunqi Capital Ltd 16.74% Add +27.8% 185,100 $21.0M
Panview Capital Ltd 7.40% Add +45.3% 181,680 $20.6M
KLP Kapitalforvaltning As 0.08% Add +7.8% 181,400 $20.6M
Jupiter Asset Management Ltd. 0.16% Add +721.4% 180,704 $20.5M
Resona Asset Management Co.,Ltd. 0.10% Reduce -4.5% 179,539 $20.4M
Tairen Capital Ltd 2.09% Add +2115.0% 177,200 $20.1M
Guggenheim Capital LLC 0.13% Add +3.0% 159,549 $18.1M
Tudor Investment Corporation 0.10% Add +14.9% 151,348 $17.2M
CIBC Asset Management Inc 0.04% Add +6.2% 150,924 $17.1M
MY.Alpha Management HK Advisors Ltd 8.84% New 145,263 $16.5M
Candriam S.C.A. 0.08% Reduce -20.1% 139,800 $15.9M
Orland Properties Ltd 2.95% No change 138,835 $15.7M
Lansforsakringar Fondforvaltning AB (publ) 0.08% Add +5.5% 137,330 $15.6M
Itau Unibanco Holding S.A. 0.38% New 136,375 $15.5M
Wells Fargo & Company 0.00% Add +6.0% 135,516 $15.4M
Nomura Asset Management Co. Ltd. 0.04% Add +4.9% 128,886 $14.6M
Himension Capital (singapore) Pte. LTD. 0.89% Add +15.2% 127,812 $14.5M
Panagora Asset Management Inc. 0.05% Reduce -39.9% 123,896 $14.0M
OPTIMAS CAPITAL Ltd 24.91% Add +269.5% 120,256 $13.6M
Neuberger Berman Group LLC 0.01% Add +17.9% 120,173 $13.6M
Asset Management One Co., Ltd. 0.04% Reduce -5.1% 118,509 $13.5M
PARUS FINANCE (UK) Ltd 3.35% Reduce -38.7% 112,506 $12.8M
Rafferty Asset Management, LLC 0.04% Add +18.5% 112,024 $12.7M
Danske Bank A/S 0.03% Add +1.3% 109,112 $12.4M
Cantor Fitzgerald, L. P. 0.37% Add +99.3% 109,110 $12.4M
Nan Fung Trinity (hk) Ltd. 0.97% No change 108,100 $12.3M
Nissay Asset Management Corp. /Japan 0.06% Add +8.2% 107,767 $12.2M
Macquarie Group Ltd. 0.05% Reduce -92.1% 100,423 $11.4M
Mirae Asset Securities (usa) Inc. 0.45% New 100,247 $11.4M
ANTIPODES PARTNERS Ltd 0.23% Reduce -3.7% 98,144 $11.1M
Eurizon Capital SGR S.p.A. 0.03% — 96,606 $11.0M
Tidal Investments LLC 0.05% Reduce -3.9% 96,529 $10.9M
Taikang Asset Management (Hong Kong) Co Ltd 1.07% Add +7.1% 95,665 $10.8M
Profund Advisors LLC 0.32% Add +1.9% 94,291 $10.7M
Fideuram Asset Management (Ireland) dac 0.83% — 89,220 $10.5M
Swiss Life Asset Management Ltd 0.05% Add +31.6% 92,430 $10.5M
iA Global Asset Management Inc. 0.13% Add +7.1% 90,663 $10.3M
TD Asset Management Inc 0.01% Reduce -11.4% 86,650 $9.8M
Police & Firemen's Retirement System of New Jersey 0.08% Reduce -1.0% 83,999 $9.5M
Nearwater Capital Markets, Ltd 0.16% No change 83,100 $9.4M
AustralianSuper Pty Ltd 0.04% Add +91.2% 79,200 $9.0M
Union Bancaire Privee, UBP SA 0.11% Add +51.8% 87,229 $8.9M
Platinum Investment Management Ltd. 2.06% Reduce -11.4% 78,445 $8.9M
Copos Capital B.V. 6.20% — 78,300 $8.9M
Orion Porfolio Solutions, LLC 0.06% Add +71.5% 77,601 $8.8M
Daiwa Securities Group Inc. 0.03% Add +9.4% 76,875 $8.7M
Shelton Capital Management 0.17% Add +9.9% 76,164 $8.6M
IFM Investors Pty Ltd 0.07% Add +4.1% 75,003 $8.5M
Step Capital Management Pte. Ltd. 4.49% — 75,000 $8.5M
Walleye Capital LLC 0.05% Reduce -47.4% 73,216 $8.3M
FACT Capital, LP 4.64% Add +20.1% 73,156 $8.3M
Rhumbline Advisers 0.01% Reduce -4.5% 72,766 $8.3M
BRIGHT VALLEY CAPITAL Ltd 5.58% New 72,600 $8.2M
Capitolis Liquid Global Markets LLC 0.05% Reduce -5.3% 72,000 $8.2M
New York State Common Retirement Fund 0.01% Reduce -17.2% 69,234 $7.9M
Banco BTG Pactual S.A. 1.39% Add +135.1% 68,967 $7.8M
DNB Asset Management AS 0.03% Add +13.0% 66,782 $7.6M
Dymon Asia Capital (singapore) Pte. LTD. 1.63% Add +125.5% 64,917 $7.4M
Summit Securities Group LLC 1.30% New 64,117 $7.3M
CMT Capital Markets Trading GmbH 4.77% Add +6.0% 63,508 $7.2M
Siren, L.L.C. 0.21% Add +46.1% 63,401 $7.2M
Rakuten Investment Management, Inc. 0.02% Reduce -54.8% 62,688 $7.2M
Marathon Trading Investment Management LLC 0.86% Add +57.9% 62,986 $7.1M
Baron Capital (BAMCO) 0.02% No change 62,386 $7.1M
Janney Capital Management LLC 0.44% Reduce -7.0% 62,035 $7.0M
Prudential Financial Inc. 0.01% Add +9.0% 60,984 $6.9M
LBP Am SA 0.08% New 59,000 $6.7M
B. Metzler seel. Sohn & Co. AG 0.06% Add +113.5% 58,208 $6.6M
Commonwealth of Pennsylvania Public School Empls Retrmt SYS 0.03% No change 58,117 $6.6M
Leonteq Securities AG 0.35% Add +115.3% 57,843 $6.6M
ABS Direct Equity Fund LLC 7.76% Add +33.7% 57,530 $6.5M
Vident Advisory, LLC 0.06% Add +172.3% 57,280 $6.5M
CastleKnight Management LP 0.37% No change 56,700 $6.4M
Comgest Global Investors S.A.S. 0.11% Reduce -1.3% 55,752 $6.3M
Jane Street Group, LLC 0.01% Reduce -98.8% 55,066 $6.2M
O'shaughnessy Asset Management, LLC 0.03% Add +3.4% 53,219 $6.0M
Yarbrough Capital, LLC 0.19% No change 53,202 $6.0M
Quantinno Capital Management LP 0.01% Reduce -1.6% 52,709 $6.0M
Quadrature Capital Ltd 0.06% Reduce -78.0% 50,210 $5.7M
Federation des caisses Desjardins du Quebec 0.02% Add +53.8% 50,105 $5.7M
Yong Rong (HK) Asset Management Ltd 1.73% New 50,000 $5.7M
Pacer Advisors, Inc. 0.01% Add +4.2% 48,488 $5.5M
Seldon Capital LP 1.89% Reduce -2.5% 48,226 $5.5M
Crake Asset Management LLP 0.20% New 46,000 $5.2M
Sumitomo Mitsui DS Asset Management Company, Ltd 0.04% Reduce -15.8% 45,845 $5.2M
Louisiana State Employees Retirement System 0.09% Reduce -8.2% 44,700 $5.1M
Creative Planning 0.00% Reduce -9.8% 44,609 $5.1M
Thrivent Financial for Lutherans 0.01% Add +20.8% 44,491 $5.0M
STRS Ohio 0.02% Reduce -0.1% 41,895 $4.8M
Raymond James Financial Inc. 0.00% Add +12.9% 40,947 $4.6M
Vontobel Holding Ltd. 0.02% Add +0.9% 40,787 $4.6M
State of New Jersey Common Pension Fund D 0.02% New 40,370 $4.6M
China Universal Asset Management Co., Ltd. 0.35% Add +41.2% 40,052 $4.5M
LPL Financial LLC 0.00% Reduce -3.1% 38,831 $4.4M
Hel Ved Capital Management Ltd 1.51% Add +0.5% 38,637 $4.4M
Tower Research Capital LLC (TRC) 0.11% Add +329.8% 38,324 $4.3M
Varma Mutual Pension Insurance Co 0.03% Add +10.3% 37,500 $4.3M
Edmond DE Rothschild Holding S.A. 0.06% Add +12.1% 37,163 $4.2M
Virtus Family Office LLC 3.63% Add +1.3% 37,134 $4.2M
Van Eck Associates Corp. 0.00% Reduce -12.4% 36,560 $4.1M
Liontrust Investment Partners LLP 0.06% Reduce -53.5% 36,392 $4.1M
Saba Capital Management, L.P. 0.14% Add +64.0% 36,318 $4.1M
Ensign Peak Advisors, Inc 0.01% No change 36,200 $4.1M
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% Reduce -34.3% 35,837 $4.1M
AIA Group Ltd 0.06% New 35,538 $4.0M
Myriad Asset Management Advisors LLC 1.23% — 35,106 $4.0M
Freemont Capital Pte Ltd 0.09% No change 35,000 $4.0M
Capula Management Ltd 0.03% Add +3344.2% 34,442 $3.9M
Mawer Investment Management Ltd. 0.02% Reduce -0.0% 34,390 $3.9M
Gulf International Bank (UK) Ltd 0.12% No change 33,871 $3.8M
Crossmark Global Holdings, Inc. 0.05% Add +30.3% 32,859 $3.7M
Cibc World Markets Corp. 0.02% — 32,445 $3.7M
Brooklyn Investment Group 0.17% Add +326.7% 31,958 $3.6M
Verition Fund Management LLC 0.02% Reduce -68.3% 31,797 $3.6M
All-Stars Investment Ltd 1.34% Reduce -9.6% 31,650 $3.6M
Polen Capital Management LLC 0.02% Reduce -50.5% 31,329 $3.6M
OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.10% Reduce -33.5% 31,107 $3.5M
Wexford Capital LP 0.89% Add +9075.5% 30,371 $3.4M
Parametrica Management Ltd 5.11% Add +52.0% 29,230 $3.3M
Alps Advisors Inc. 0.02% Reduce -3.2% 29,033 $3.3M
Kepler Cheuvreux (Suisse) SA 0.18% Add +8.0% 28,007 $3.2M
Nipun Capital, L.P. 1.45% Add +65.7% 28,000 $3.2M
Amiral Gestion 1.17% Reduce -47.2% 28,000 $3.2M
OMERS ADMINISTRATION Corp 0.02% Add +292.9% 27,805 $3.2M
Capital International Sarl 0.05% Add +7.5% 27,738 $3.1M
Ssa Swiss Advisors AG 1.46% No change 27,445 $3.1M
AI-Squared Management Ltd 3.57% Reduce -85.0% 27,143 $3.1M
Norinchukin Bank, The 0.03% Add +19.2% 25,317 $2.9M
PKO Investment Management Joint-Stock Co 0.23% Add +66.7% 25,000 $2.8M
Turn8 Private Wealth Inc. 1.99% No change 24,446 $2.8M
Ameritas Investment Partners, Inc. 0.08% Add +8.4% 24,147 $2.7M
RWC Asset Advisors (us) LLC 0.52% New 24,040 $2.7M
Intech Investment Management LLC 0.02% Add +14.8% 23,223 $2.6M
Capstone Capital Management Ltd 2.45% — 22,530 $2.6M
Veritas Asset Management LLP 0.03% No change 22,506 $2.6M
Hantz Financial Services, Inc. 0.04% Reduce -4.8% 22,459 $2.5M
GAM Holding AG 0.16% Reduce -51.4% 22,196 $2.5M
Mariner, LLC 0.00% Add +0.8% 22,092 $2.5M
Qtron Investments LLC 0.32% Reduce -8.4% 21,373 $2.4M
Quadrant Capital Group LLC 0.07% Reduce -0.2% 21,197 $2.4M
Engineers Gate Manager LP 0.03% New 21,056 $2.4M
Horizon Investments, LLC 0.03% Add +62.3% 20,717 $2.3M
Gsa Capital Partners LLP 0.20% Add +353.4% 20,700 $2.3M
M&T Bank Corp 0.01% New 18,960 $2.1M
Cerity Partners LLC 0.00% Reduce -6.8% 18,847 $2.1M
Prelude Capital Management, LLC 0.15% Add +86.9% 18,411 $2.1M
Maniro Ltd 0.71% — 18,346 $2.1M
Virtu Financial LLC 0.08% New 18,338 $2.1M
AE Wealth Management LLC 0.01% Add +47.9% 17,900 $2.0M
Northwestern Mutual Wealth Management Co. 0.00% Add +21.0% 17,704 $2.0M
Vanguard Personalized Indexing Management, LLC 0.02% Reduce -1.2% 17,688 $2.0M
Yousif Capital Management, LLC 0.02% No change 18,501 $1.9M
Bank of Nova Scotia 0.00% Add +645.5% 16,662 $1.9M
KEYWISE CAPITAL MANAGEMENT (HK) Ltd 0.15% Reduce -92.5% 16,500 $1.9M
Advisory Services Network, LLC 0.03% Add +6.4% 16,451 $1.9M
Persistent Asset Partners Ltd 0.90% Reduce -24.9% 16,423 $1.9M
NLB Skladi, upravljanje premozenja, d.o.o. 0.08% — 16,349 $1.9M
Henry James International Management Inc. 0.58% Reduce -0.2% 16,148 $1.8M
Boothbay Fund Management, LLC 0.05% Add +38.0% 16,081 $1.8M
Laird Norton Wetherby Trust Company, LLC 0.04% New 15,852 $1.8M
NewEdge Wealth, LLC 0.02% Add +3.6% 15,583 $1.8M
Vise Technologies, Inc. 0.03% Reduce -0.6% 15,131 $1.7M
United American Securities Inc. (d/b/a UAS Asset Management) 0.36% Add +20.0% 15,000 $1.7M
Simplex Trading, LLC 0.05% Reduce -96.8% 14,795 $1.7M
Wahed Invest LLC 0.22% Add +6.9% 14,764 $1.7M
Maxi Investments CY Ltd 0.29% New 14,308 $1.6M
Solstein Capital, LLC 0.65% Reduce -3.2% 14,233 $1.6M
Central Asset Investments & Management Holdings (HK) Ltd 1.06% Reduce -63.3% 14,083 $1.6M
Howard Capital Management, LLC 0.02% Add +2.9% 14,034 $1.6M
Private Advisor Group, LLC 0.01% Reduce -15.1% 13,619 $1.5M
Farther Finance Advisors, LLC 0.02% Add +17.9% 13,528 $1.5M
Envestnet Asset Management Inc. 0.00% Reduce -28.9% 13,394 $1.5M
Focus Partners Wealth 0.00% Add +1.0% 13,886 $1.5M
Ritholtz Wealth Management 0.03% Add +7.8% 13,288 $1.5M
Banco Santander, S.A. 0.01% Reduce -2.2% 12,766 $1.4M
Cigna Investments Inc. 0.21% Reduce -1.7% 12,464 $1.4M
EFG International AG 0.03% — 12,013 $1.4M
Intercapital, LLC 0.71% — 11,900 $1.3M
Texas Yale Capital Corp. 0.04% Reduce -23.7% 11,728 $1.3M
Ieq Capital, LLC 0.00% Reduce -6.6% 11,666 $1.3M
Sicart Associates LLC 0.35% Add +8.7% 11,631 $1.3M
Alberta Investment Management Corp 0.01% Reduce -34.7% 11,300 $1.3M
Toronto Dominion Bank 0.00% Reduce -67.4% 11,225 $1.3M
Fosun International Ltd 0.32% New 11,038 $1.3M
Cetera Investment Advisers 0.00% Reduce -1.8% 10,865 $1.2M
Credit Industriel Et Commercial 0.28% Add +181.7% 10,849 $1.2M
Pathstone Holdings, LLC 0.00% Add +3.1% 10,774 $1.2M
ICICI Prudential Asset Management Co Ltd 0.14% Add +4.5% 10,719 $1.2M
QRG Capital Management, Inc. 0.01% Reduce -2.0% 10,605 $1.2M
Fairtree Asset Management (Pty) Ltd 0.53% Reduce -29.3% 10,209 $1.2M
Sava Infond d.o.o. 0.14% Add +13.3% 9,400 $1.1M
State of Wyoming 0.12% Reduce -3.5% 9,280 $1.1M
Compound Planning, Inc. 0.03% Add +9.4% 9,119 $1.0M
Bracebridge Capital, LLC 0.38% New 9,000 $1.0M
CI Investments Inc. 0.00% Reduce -90.5% 8,984 $1.0M
Tuttle Capital Management, LLC 2.22% Add +37.9% 8,866 $1.0M
NorthCoast Asset Management LLC 0.02% New 8,847 $1.0M
Pinebridge Investments Asia Ltd. 0.29% — 8,830 $1.0M
Osaic Holdings, Inc. 0.00% Reduce -20.6% 8,530 $967K
HighTower Advisors, LLC 0.00% Reduce -34.3% 8,486 $962K
Clough Capital Partners L P 0.09% Reduce -53.4% 8,450 $958K
Corient Private Wealth LP 0.00% Add +0.9% 8,440 $957K
Sparta 24 Ltd. 0.81% New 8,371 $949K
Fullerton Fund Management Co Ltd. 0.04% New 8,179 $927K
Paradiem, LLC 0.22% Reduce -0.2% 8,059 $914K
Redwood Investment Management, LLC 0.10% New 7,968 $903K
Signaturefd, LLC 0.01% Reduce -4.1% 7,951 $902K
Comprehensive Financial Management LLC 0.03% Reduce -4.3% 7,789 $883K
State of Wisconsin Investment Board 0.00% Reduce -40.6% 7,748 $879K
DRW Securities, LLC 0.07% New 7,699 $873K
Penserra Capital Management LLC 0.01% Reduce -21.5% 7,509 $851K
Natixis 0.00% Reduce -75.5% 7,459 $846K
Cambridge Investment Research Advisors, Inc. 0.00% Add +277.9% 7,285 $826K
ABN AMRO Bank N.V. 0.01% Reduce -5.8% 7,293 $824K
Principal Financial Group Inc. 0.00% New 6,971 $790K
Merit Financial Group, LLC 0.01% Add +47.8% 6,936 $786K
Quantbot Technologies LP 0.03% New 6,773 $768K
Capstone Investment Advisors, LLC 0.01% Add +110.3% 6,676 $757K
Cibc World Market Inc. 0.00% Add +110.9% 6,615 $750K
NINE MASTS CAPITAL Ltd 0.17% New 6,586 $747K
Hennion & Walsh Asset Management, Inc. 0.03% Add +4.0% 6,502 $737K
RWC Asset Management LLP 0.04% No change 6,390 $725K
Global Endowment Management, LP 0.09% Reduce -24.8% 6,358 $721K
Abn Amro Investment Solutions 0.01% New 6,300 $714K
PNC Financial Services Group, Inc. 0.00% Reduce -5.8% 6,211 $704K
US Bancorp \de 0.00% Add +1.8% 6,174 $700K
QVT Financial LP 0.07% Add +27.8% 6,042 $685K
111 Capital 0.15% Add +11.6% 6,018 $682K
Exit Wealth Advisors, LLC. 0.40% New 5,974 $677K
Headlands Technologies LLC 0.06% Reduce -64.6% 5,974 $677K
Sequoia Financial Advisors, LLC 0.00% Reduce -10.5% 5,845 $663K
Polaris Capital Management, LLC 0.05% New 5,700 $646K
Caprock Group, LLC 0.01% Add +1.5% 5,687 $645K
Flossbach Von Storch SE 0.00% Add +33.5% 5,665 $642K
Banque Cantonale Vaudoise 0.02% Add +50.6% 5,665 $642K
Commons Capital, LLC 0.45% No change 5,600 $635K
Osmosis Investment Management UK Ltd 0.02% — 5,573 $632K
Rockefeller Capital Management L.P. 0.00% Reduce -29.4% 5,569 $631K
Hilltop Holdings Inc. 0.04% New 5,504 $624K
BIT Capital GmbH 0.03% Reduce -97.1% 5,356 $607K
Myriad Asset Management US LP 1.01% Reduce -75.4% 5,297 $601K
Eurizon SLJ Capital Ltd 0.23% — 5,139 $583K
Bailard, Inc. 0.01% No change 5,000 $567K
StepStone Group LP 0.31% New 5,841 $562K
TCW Group Inc. 0.00% New 4,881 $553K
Banco Bilbao Vizcaya Argentaria, S.A. 0.00% Add +38.3% 4,747 $539K
Johnson Investment Counsel Inc. 0.00% No change 4,644 $527K
Oddo BHF Asset Management Sas 0.02% Add +64.3% 4,600 $522K
Cardiff Park Advisors, LLC 0.04% No change 4,556 $517K
NewEdge Advisors, LLC 0.00% Reduce -16.3% 4,543 $515K
SummitTX Capital, L.P. 0.02% New 4,528 $513K
National Philanthropic Trust 0.01% No change 4,526 $513K
Old Mission Capital LLC 0.02% New 4,437 $503K
Mercer Global Advisors Inc. 0.00% Reduce -13.1% 4,154 $471K
Blair William & Co. 0.00% Add +63.8% 4,079 $463K
Commerce Bank 0.00% Reduce -0.1% 4,025 $456K
Frank, Rimerman Advisors LLC 0.03% Add +0.7% 4,007 $454K
Robertson Stephens Wealth Management, LLC 0.01% No change 4,000 $454K
Aaron Wealth Advisors LLC 0.03% Add +40.5% 3,962 $449K
Commonwealth Equity Services, LLC 0.00% Reduce -17.0% 3,913 $444K
Squarepoint Ops LLC 0.00% Reduce -99.0% 3,910 $443K
ING Groep NV 0.00% Reduce -2.6% 3,887 $441K
MML Investors Services, LLC 0.00% Add +98.9% 3,882 $440K
Checchi Capital Advisers, LLC 0.03% Reduce -5.0% 3,842 $436K
Genus Capital Management Inc. 0.05% New 3,795 $430K
Insigneo Advisory Services, LLC 0.03% Add +7.2% 3,708 $420K
Jump Financial, LLC 0.01% Reduce -81.4% 3,659 $415K
Fifth Third Bancorp 0.00% Add +4.3% 3,649 $414K
Range Financial Group LLC 0.14% Add +3.8% 3,620 $410K
Apollon Wealth Management, LLC 0.01% Add +11.3% 3,619 $410K
May Hill Capital, LLC 0.11% Reduce -17.2% 3,609 $409K
Advisors Asset Management, Inc. 0.01% Reduce -15.2% 3,568 $405K
Keel Point, LLC 0.02% Reduce -17.9% 3,512 $398K
Advisors Preferred, LLC 0.06% Add +265.5% 3,436 $398K
Blue Trust, Inc. 0.00% Reduce -14.5% 3,501 $397K
Wealthfront Advisers LLC 0.00% New 3,482 $395K
Sagespring Wealth Partners, LLC 0.01% Reduce -5.2% 3,457 $392K
STF Management LP 0.36% Reduce -49.4% 3,392 $385K
Capital Markets Trading UK LLP 0.45% New 3,250 $369K
Severin Investments, LLC 0.32% New 3,209 $364K
Lavaca Capital LLC 0.06% Reduce -19.4% 3,189 $362K
Ballentine Partners, LLC 0.01% Add +14.8% 3,178 $360K
Encompass More Asset Management 0.07% New 3,168 $359K
West Family Investments, Inc. 0.08% Reduce -21.9% 3,144 $356K
Parallel Advisors, LLC 0.01% Reduce -0.6% 3,110 $353K
Legacy Capital Group California, Inc. 0.09% New 3,092 $351K
Scientech Research LLC 0.22% New 3,067 $348K
IFP Advisors, Inc 0.01% Add +5346.4% 3,050 $346K
Baader Bank Aktiengesellschaft 0.03% New 3,073 $345K
Morningstar Investment Management LLC 0.02% No change 3,034 $344K
Sustainable Insight Capital Management, LLC 0.11% Add +20.5% 2,938 $333K
Frec Markets, Inc. 0.10% — 2,932 $333K
Arta Finance Wealth Management LLC 0.17% — 2,891 $328K
PDS Planning, Inc 0.02% Reduce -1.8% 2,880 $327K
Savant Capital, LLC 0.00% Add +7.1% 2,816 $319K
Alpha Family Trust 0.15% No change 2,815 $319K
Lester Murray Antman dba SimplyRich 0.08% No change 2,805 $318K
WINTON GROUP Ltd 0.01% New 2,700 $306K
Campbell & CO Investment Adviser LLC 0.01% Reduce -87.2% 2,696 $306K
SBI Securities Co., Ltd. 0.01% Reduce -2.1% 2,672 $303K
Ethic Inc. 0.00% Add +4.4% 2,586 $293K
Q Fund Management (Hong Kong) Ltd 0.27% New 2,500 $283K
Hamilton Capital, LLC 0.01% — 2,441 $277K
Allegheny Financial Group 0.04% Add +2.5% 2,412 $273K
Belvedere Trading LLC 0.05% New 2,372 $269K
Bridgewater Advisors Inc. 0.02% Add +3.9% 2,515 $266K
BNP Paribas 0.01% Add +53.3% 2,300 $261K
one8zero8, LLC 0.06% New 2,300 $261K
Alhambra Investment Management LLC 0.12% No change 2,200 $249K
Focus Financial Network, Inc. 0.01% Reduce -5.4% 2,174 $247K
Rehmann Capital Advisory Group 0.01% Add +0.3% 2,122 $241K
GTS Securities LLC 0.01% Reduce -93.4% 2,079 $236K
Agf Management Ltd. 0.00% No change 2,030 $230K
Greenleaf Trust 0.00% Reduce -1.1% 2,001 $227K
Plato Investment Management Ltd 0.01% No change 1,940 $221K
Evergreen Capital Management LLC 0.00% Reduce -15.2% 1,922 $218K
Oakum Bay Capital LLC 0.11% — 1,900 $215K
OneDigital Investment Advisors LLC 0.00% Reduce -5.0% 1,889 $214K
Lido Advisors, LLC 0.00% No change 1,638 $214K
Victory Financial Group, LLC 0.03% Reduce -33.3% 1,878 $213K
Prime Capital Investment Advisors, LLC 0.00% Add +1.0% 1,854 $210K
Jones Financial Companies LLLP 0.00% Add +40.0% 1,832 $208K
Basecamp Wealth Advisors LLC 0.04% — 1,804 $205K
Chung Wu Investment Group, LLC 0.17% No change 1,800 $204K
Migdal Insurance & Financial Holdings Ltd. 0.00% No change 1,590 $181K
EverSource Wealth Advisors, LLC 0.01% Reduce -15.6% 1,547 $175K
Global Retirement Partners, LLC 0.00% Add +214.3% 1,389 $157K
Compagnie Lombard Odier SCmA 0.00% Add +1150.0% 1,250 $142K
Pinnacle Wealth Planning Services, Inc. 0.01% New 1,190 $135K
Sankala Group LLC 0.10% — 1,259 $131K
Arax Advisory Partners 0.00% Reduce -7.0% 1,112 $126K
CIBC Private Wealth Group LLC 0.00% No change 1,092 $124K
Stephens Consulting, LLC 0.04% No change 1,000 $113K
DV Equities, LLC 0.02% — 954 $108K
Steward Partners Investment Advisory, LLC 0.00% Add +7.8% 925 $105K
Cwm, LLC 0.00% Reduce -2.0% 867 $98K
Generali Investments CEE, investicni spolecnost, a.s. 0.01% No change 786 $89K
Bank Julius Baer & Co. Ltd, Zurich 0.00% Reduce -0.1% 675 $77K
Accent Capital Management, LLC 0.03% No change 650 $74K
Huntington National Bank 0.00% Add +25.4% 593 $67K
Kestra Advisory Services, LLC 0.00% New 564 $64K
EMC Capital Management 0.03% Reduce -50.0% 500 $60K
Westside Investment Management, Inc. 0.01% Add +2.2% 458 $53K
DV Trading LLC 0.00% — 452 $51K
Assetmark, Inc. 0.00% Add +7.2% 431 $49K
Larson Financial Group LLC 0.00% Add +0.8% 405 $46K
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% New 392 $44K
Smartleaf Asset Management LLC 0.00% Add +230.7% 377 $43K
Activest Wealth Management 0.01% Reduce -73.4% 350 $40K
Nisa Investment Advisors, LLC 0.00% Add +5.0% 315 $36K
GAMMA Investing LLC 0.00% Add +595.0% 278 $32K
Catalyst Capital Advisors LLC 0.00% Reduce -15.0% 278 $32K
Allworth Financial LP 0.00% Reduce -7.4% 237 $27K
UMB Bank, n.a. 0.00% Add +36.5% 232 $26K
TD Waterhouse Canada Inc. 0.00% Add +20000.0% 201 $23K
BOCHK Asset Management Ltd 0.01% Reduce -97.3% 200 $23K
Atlantic Union Bankshares Corp 0.00% No change 200 $23K
Private Trust Co. NA 0.00% Add +28.2% 141 $16K
Highline Wealth Partners LLC 0.00% Add +160.8% 133 $15K
Creative Financial Designs Inc. 0.00% No change 112 $13K
JFS Wealth Advisors, LLC 0.00% No change 109 $12K
Bessemer Group Inc. 0.00% No change 106 $12K
Harbour Investments, Inc. 0.00% Add +1466.7% 94 $11K
Ramirez Asset Management, Inc. 0.00% No change 90 $10K
Capital Analysts, LLC 0.00% No change 85 $10K
Key Financial Inc 0.00% No change 82 $9K
Financial Perspectives, Inc 0.00% No change 81 $9K
Murphy & Mullick Capital Management Corp 0.01% No change 74 $8K
WealthCollab, LLC 0.00% No change 73 $8K
Bell Investment Advisors, Inc 0.00% Add +9.0% 73 $8K
Physician Wealth Advisors, Inc. 0.00% Add +16.1% 65 $7K
Quarry LP 0.00% Add +111.1% 57 $6K
Modus Advisors, LLC 0.00% New 50 $6K
SageView Advisory Group, LLC 0.00% New 47 $5K
Crewe Advisors LLC 0.00% No change 46 $5K
Root Financial Partners, LLC 0.00% Add +22.2% 44 $5K
Elyxium Wealth, LLC 0.00% New 43 $5K
Parkside Financial Bank & Trust 0.00% No change 35 $4K
New Age Alpha Advisors, LLC 0.00% No change 35 $4K
North Star Investment Management Corp. 0.00% Add +750.0% 34 $4K
Bare Financial Services, Inc 0.00% Add +450.0% 33 $4K
Brown Brothers Harriman & Co. 0.00% Add +68.8% 27 $3K
Clean Yield Group 0.00% No change 26 $3K
Cornerstone Financial Management LLC 0.00% — 25 $3K
2UniFi Bank 0.00% New 22 $2K
MAI Capital Management 0.00% Reduce -74.1% 22 $2K
Spire Wealth Management 0.00% No change 21 $2K
Signature Equity Partners, LLC 0.00% — 18 $2K
IMA Advisory Services, Inc. 0.00% New 18 $2K
Avion Wealth 0.00% No change 25 $2K
Archer Investment Corp 0.00% No change 17 $2K
Nemes Rush Group LLC 0.00% New 17 $2K
AdvisorNet Financial, Inc 0.00% Add +112.5% 17 $2K
Raffa Wealth Management, LLC 0.00% No change 12 $1K
True Wealth Design, LLC 0.00% Reduce -50.0% 11 $1K
Steigerwald, Gordon & Koch Inc. 0.00% New 11 $1K
Elevated Capital Advisors, LLC 0.00% New 10 $1K
SWAN Capital LLC 0.00% No change 8 $907
Abound Wealth Management 0.00% No change 6 $681
Triumph Capital Management 0.00% New 6 $680
Golden State Wealth Management, LLC 0.00% No change 6 $680
Sound Income Strategies, LLC 0.00% No change 6 $641
American National Bank & Trust 0.00% New 5 $567
Asset Dedication, LLC 0.00% No change 5 $567
Frazier Financial Advisors, LLC 0.00% No change 4 $454
Trust Co 0.00% New 4 $454
Financial Consulate, Inc. 0.00% New 3 $341
Rossby Financial, LCC 0.00% No change 3 $340
TD Private Client Wealth LLC 0.00% No change 3 $340
Stone House Investment Management, LLC 0.00% Reduce -80.0% 2 $227
Toth Financial Advisory Corp. 0.00% New 1 $114
Beaird Harris Wealth Management, LLC 0.00% Reduce -83.3% 1 $114
Ankerstar Wealth, LLC 0.00% — 1 $113
Avenir Tech Ltd 0.00% No change 1 $113

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