Ranked by reported Q2 2026 13F market value
Share of total reported institutional value in PDD held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | JANE STREET GROUP, LLC | 39.4M | $3.00B | +316.8% | 2.767% | 0.25% |
| 2 | BlackRock, Inc. | 32.0M | $2.44B | -18.9% | 2.246% | 0.04% |
| 3 | BAILLIE GIFFORD & CO | 26.6M | $2.03B | -6.2% | 1.868% | 1.84% |
| 4 | H&H International Investment, LLC | 25.0M | $1.91B | +26.7% | 1.758% | 9.99% |
| 5 | VANGUARD CAPITAL MANAGEMENT LLC | 24.6M | $1.88B | +2.2% | 1.732% | 0.04% |
| 6 | Invesco Ltd. | 22.2M | $1.70B | +58.6% | 1.562% | 0.13% |
| 7 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 16.2M | $1.24B | +11.4% | 1.140% | 0.10% |
| 8 | GOLDMAN SACHS GROUP INC | 15.6M | $1.19B | +22.0% | 1.096% | 0.10% |
| 9 | HSG Holding Ltd | 11.3M | $865.7M | 0.0% | 0.797% | 35.48% |
| 10 | CITADEL ADVISORS LLC | 10.8M | $825.1M | +25.8% | 0.760% | 0.05% |
| 11 | Himalaya Capital Management LLC | 10.8M | $820.9M | +133.5% | 0.756% | 22.17% |
| 12 | STATE STREET CORP | 10.3M | $785.9M | -14.4% | 0.724% | 0.01% |
| 13 | UBS Group AG | 10.0M | $760.4M | +10.3% | 0.700% | 0.10% |
| 14 | NetEase, Inc. | 9.6M | $729.7M | +7.9% | 0.672% | 95.34% |
| 15 | First Beijing Investment Ltd | 9.4M | $715.3M | +15.1% | 0.659% | 29.27% |
| 16 | NORGES BANK | 9.3M | $712.3M | β | 0.656% | 0.07% |
| 17 | SC US (TTGP), LTD. | 8.8M | $674.4M | 0.0% | 0.621% | 2.11% |
| 18 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME | 8.7M | $665.6M | +1.7% | 0.613% | 0.12% |
| 19 | Sanders Capital, LLC | 7.9M | $605.4M | -1.9% | 0.558% | 0.61% |
| 20 | VANGUARD FIDUCIARY TRUST CO | 6.7M | $507.9M | +2.1% | 0.468% | 0.11% |
| 21 | GEODE CAPITAL MANAGEMENT, LLC | 6.6M | $504.1M | -3.1% | 0.466% | 0.03% |
| 22 | FIL Ltd | 6.3M | $480.0M | -8.1% | 0.442% | 0.34% |
| 23 | JPMORGAN CHASE & CO | 6.0M | $460.6M | -23.9% | 0.423% | 0.03% |
| 24 | Krane Funds Advisors LLC | 5.8M | $440.9M | +0.8% | 0.406% | 15.63% |
| 25 | MORGAN STANLEY | 5.5M | $418.3M | -25.8% | 0.385% | 0.02% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in PDD β a direct measure of their conviction.
Filings activity in PDD during Q2 2026, grouped by how each filer changed its position.
Institutions that opened a new PDD position in Q2 2026
Institutions that fully closed their PDD position in Q2 2026
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q2 2026 | 519 | 8.9% | 35.85% | +2.74 pp | $38.55B | 18% |
| Q1 2026 | 570 | 0.9% | 33.11% | 1.64 pp | $46.99B | 14% |
| Q4 2025 | 575 | +2.9% | 34.75% | 1.80 pp | $54.69B | 21% |
| Q3 2025 | 559 | +8.3% | 36.55% | +3.83 pp | $68.98B | +45% |
| Q2 2025 | 516 | 7.5% | 32.72% | 2.30 pp | $47.45B | 6.1% |
| Q1 2025 | 558 | +0.2% | 35.02% | +3.66 pp | $50.51B | +19% |
| Q4 2024 | 557 | 2.3% | 31.36% | 0.30 pp | $42.62B | 33% |
| Q3 2024 | 570 | β | 31.66% | β | $63.40B | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying PDD stock.
Based on Q2 2026 13F filings, institutional ownership of PDD Holdings Inc. stands at 35.9%, held across 519 reporting institutions.
JANE STREET GROUP, LLC is the largest reported institutional holder of PDD, with approximately 39,380,085 shares worth $3.00B as of Q2 2026.
Yes β 3 widely-followed marquee investors appear among the top 25 institutional holders of PDD, including JANE STREET GROUP, LLC, SUSQUEHANNA INTERNATIONAL GROUP, LLP, CITADEL ADVISORS LLC.
Our composite Smart Money Score for PDD is 58 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
54 institutions opened new positions in PDD during Q2 2026, while 113 fully exited. 62 added to existing positions and 385 trimmed.
PDD institutional ownership rose by 2.74 percentage points quarter-over-quarter, with a net change of -51 holders.
The top 10 institutions account for 44.3% of all reported 13F value in PDD, and the top 25 account for 68.4%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
PDD Holdings Inc. (PDD) Institutional Ownership