| 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 | — | 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). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in PDD — a direct measure of their conviction.
| 35.02% |
| +3.66 pp |
| $50.51B |
| +19% |
| Q4 2024 | 557 | 2.3% | 31.36% | 0.30 pp | $42.62B | 33% |
| Q3 2024 | 570 | — | 31.66% | — | $63.40B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
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