Ranked by reported Q1 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 | BlackRock, Inc. | 39.4M | $4.03B | +0.7% | 2.807% | 0.07% |
| 2 | BAILLIE GIFFORD & CO | 28.4M | $2.90B | -8.6% | 2.020% | 2.96% |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 24.1M | $2.47B | — | 1.718% | 0.06% |
| 4 | H&H International Investment, LLC | 19.7M | $2.02B | +71.2% | 1.407% | 10.09% |
| 5 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 14.6M | $1.49B | -8.1% | 1.037% | 0.17% |
| 6 | GOLDMAN SACHS GROUP INC | 12.8M | $1.31B | -3.2% | 0.911% | 0.15% |
| 7 | STATE STREET CORP | 12.0M | $1.23B | -1.8% | 0.857% | 0.04% |
| 8 | SC CHINA HOLDING Ltd | 11.3M | $1.14B | 0.0% | 0.808% | 70.35% |
| 9 | UBS Group AG | 9.0M | $923.7M | -7.1% | 0.644% | 0.14% |
| 10 | NetEase, Inc. | 8.9M | $906.0M | +149.4% | 0.632% | 96.95% |
| 11 | SC US (TTGP), LTD. | 8.8M | $903.4M | 0.0% | 0.630% | 9.77% |
| 12 | CITADEL ADVISORS LLC | 8.6M | $878.3M | +3.3% | 0.612% | 0.41% |
| 13 | UBS ASSET MANAGEMENT AMERICAS INC | 8.6M | $877.0M | +2189441.6% | 0.611% | 0.18% |
| 14 | First Beijing Investment Ltd | 8.1M | $832.7M | +20.1% | 0.580% | 35.91% |
| 15 | Sanders Capital, LLC | 8.1M | $826.8M | -0.3% | 0.576% | 0.99% |
| 16 | MORGAN STANLEY | 7.4M | $755.0M | +24.2% | 0.526% | 0.05% |
| 17 | FIL Ltd | 6.8M | $699.9M | +5.1% | 0.488% | 0.54% |
| 18 | GEODE CAPITAL MANAGEMENT, LLC | 6.9M | $696.1M | +1.4% | 0.488% | 0.04% |
| 19 | VANGUARD FIDUCIARY TRUST CO | 6.5M | $666.2M | — | 0.464% | 0.17% |
| 20 | Invesco Ltd. | 6.5M | $662.2M | +5.2% | 0.462% | 0.10% |
| 21 | FMR LLC | 6.3M | $643.9M | -56.8% | 0.449% | 0.03% |
| 22 | Krane Funds Advisors LLC | 5.7M | $581.6M | -10.4% | 0.408% | 23.88% |
| 23 | Greenwoods Asset Management Hong Kong Ltd. | 5.1M | $521.5M | +28.6% | 0.364% | 13.45% |
| 24 | Temasek Holdings (Private) Ltd | 4.9M | $503.3M | +5.2% | 0.351% | 1.65% |
| 25 | BNP PARIBAS ARBITRAGE, SA | 4.6M | $494.8M | -11.6% | 0.325% | 0.24% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in PDD — a direct measure of their conviction.
Filings activity in PDD during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 544 | 2.5% | 38.02% | 5.75 pp | $43.53B | 13% |
| Q4 2025 | 558 | +3.5% | 43.77% | 10.29 pp | $50.12B | 19% |
| Q3 2025 | 539 | +4.5% | 54.06% | +12.62 pp | $61.91B | +30% |
| Q2 2025 | 516 | 7.5% | 41.44% | 2.67 pp | $47.45B | 6.1% |
| Q1 2025 | 558 | +0.2% | 44.11% | +6.89 pp | $50.51B | +19% |
| Q4 2024 | 557 | 2.3% | 37.22% | 18.15 pp | $42.62B | 33% |
| Q3 2024 | 570 | 8.7% | 55.37% | +4.87 pp | $63.40B | +9.6% |
| Q2 2024 | 624 | — | 50.50% | — | $57.83B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying PDD stock.
Based on Q1 2026 13F filings, institutional ownership of PDD Holdings Inc. stands at 38.0%, held across 544 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of PDD, with approximately 39,408,032 shares worth $4.03B as of Q1 2026.
Yes — 2 widely-followed marquee investors appear among the top 25 institutional holders of PDD, including SUSQUEHANNA INTERNATIONAL GROUP, LLP, CITADEL ADVISORS LLC.
Our composite Smart Money Score for PDD is 40 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
78 institutions opened new positions in PDD during Q1 2026, while 92 fully exited. 142 added to existing positions and 319 trimmed.
PDD institutional ownership fell by 5.75 percentage points quarter-over-quarter, with a net change of -14 holders.
The top 10 institutions account for 42.3% of all reported 13F value in PDD, and the top 25 account for 66.5%.
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