Who Owns PDD Holdings Inc. (PDD)?Hedge Fund & Institutional Holders

$102.39+0.77 (+0.76%)Consumer CyclicalNASDAQ

Institutional Holders

50

as of Q4 2025

Total Institutional Value

$InfinityT

% of Float Held

—

QoQ Change in Holders

+15 / -0

Price History

$88.35$104.83$121.31$137.79$154.27Sep 24Jun 25Mar 26

PDD — Biggest New Institutional Buyers This Quarter

FundActionShares AddedValue Added
BAILLIE GIFFORD & CONew Position+31.0M+$3.5B
NORGES BANKNew Position+9.4M+$1.1B
SG Americas Securities, LLCNew Position+3.2M+$367.2M
Mitsubishi UFJ Trust & Banking CorpNew Position+3.2M+$359.2M
Robeco Institutional Asset Management B.V.New Position+1.8M+$202.5M
IDG China Venture Capital Fund IV Associates L.P.New Position+1.7M+$198.3M
Sumitomo Mitsui Trust Group, Inc.New Position+1.7M+$190.7M
Bank of New York Mellon CorpNew Position+1.5M+$166.0M
Boundless Plain Holdings LtdNew Position+1.3M+$146.8M
MASSACHUSETTS FINANCIAL SERVICES CO /MA/New Position+1.3M+$142.9M
NOMURA ASSET MANAGEMENT INTERNATIONAL INC.New Position+1.0M+$119.0M
Walleye Trading LLCNew Position+886K+$100.0M
Green Court Capital Management LtdNew Position+857K+$99.5M
Anatole Investment Management LtdNew Position+837K+$95.0M
DekaBank Deutsche GirozentraleNew Position+408K+$82.8M

PDD — Institutions Reducing or Closing Positions

FundActionShares SoldValue Sold
FMR LLCDecreased-2.7M-$2.3T
GOLDMAN SACHS GROUP INCDecreased-1.2M-$1.3T
HSBC HOLDINGS PLCDecreased-3.7M-$1.1T
Sanders Capital, LLCDecreased-21K-$1.1T
FIL LtdDecreased-696K-$952.5B
MORGAN STANLEYDecreased-1.1M-$937.2B
Orbis Allan Gray LtdDecreased-5.8M-$917.4B
JPMORGAN CHASE & CODecreased-513K-$737.2B
JANE STREET GROUP, LLCDecreased-4.6M-$618.0B
Legal & General Group PlcDecreased-378K-$597.7B
SUSQUEHANNA INTERNATIONAL GROUP, LLPDecreased-2.6M-$428.1B
NORTHERN TRUST CORPDecreased-24K-$424.4B
SRS Investment Management, LLCDecreased-1.6M-$350.7B
Capital Today Evergreen Fund, L.P.Decreased-860K-$329.4B
CITIGROUP INCDecreased-620K-$285.8B

Top Institutional Holders(Q4 2025)

#FundSharesValue% of PortfolioType
1VANGUARD GROUP INC23,730,389$2.7B0.04%Share
2BAILLIE GIFFORD & CO18,217,955$2.1B1.72%Share
3BlackRock, Inc.12,805,196$1.5B0.02%Share
4STATE STREET CORP12,257,360$1.4B0.05%Share
5H&H International Investment, LLC11,536,694$1.3B7.48%Share
6HHLR ADVISORS, LTD.10,721,400$1.2B39.17%Share
7BlackRock, Inc.10,082,821$1.1B0.02%Share
8HSG Holding Ltd10,373,817$1.1B58.15%Share
9NORGES BANK9,396,292$1.1B0.11%Share
10BlackRock, Inc.8,872,554$1.0B0.02%Share
11BAILLIE GIFFORD & CO8,687,044$985.0M0.82%Share
12JANE STREET GROUP, LLC8,243,000$934.0M0.14%Put
13Sanders Capital, LLC8,112,327$919.0M1.06%Share
14GOLDMAN SACHS GROUP INC7,997,671$906.0M0.11%Share
15SUSQUEHANNA INTERNATIONAL GROUP, LLP7,444,100$844.0M0.10%Put
16SC US (TTGP), LTD.6,892,352$781.5M5.58%Share
17First Beijing Investment Ltd6,782,955$769.1M30.33%Share
18Assenagon Asset Management S.A.6,728,909$763.0M1.05%Share
19SUSQUEHANNA INTERNATIONAL GROUP, LLP6,678,300$757.0M0.09%Call
20VANGUARD GROUP INC6,660,721$755.3M0.01%Share
21FMR LLC6,404,703$726.0M0.04%Share
22Krane Funds Advisors LLC6,397,960$725.5M23.54%Share
23JANE STREET GROUP, LLC5,924,100$671.0M0.10%Call
24GEODE CAPITAL MANAGEMENT, LLC5,911,721$665.0M0.04%Share
25Invesco Ltd.5,682,354$644.3M0.10%Share
26BNP PARIBAS FINANCIAL MARKETS5,146,573$583.0M0.26%Share
27Capital International Investors4,698,655$532.0M0.08%Share
28Temasek Holdings (Private) Ltd4,682,894$530.0M1.68%Share
29CITADEL ADVISORS LLC4,666,200$529.0M0.08%Call
30Himalaya Capital Management LLC4,608,000$522.5M14.64%Share
31FMR LLC4,106,489$465.0M0.02%Share
32UBS Group AG3,861,987$437.9M0.07%Share
33MARSHALL WACE, LLP3,704,465$420.0M0.38%Share
34NetEase, Inc.3,555,488$403.2M93.24%Share
35IMC-Chicago, LLC3,531,100$400.4M0.15%Call
36Walleye Trading LLC3,432,200$389.0M0.55%Put
37Greenwoods Asset Management Hong Kong Ltd.3,367,295$381.8M9.44%Share
38CITADEL ADVISORS LLC3,336,800$378.0M0.06%Put
39FMR LLC3,335,885$378.0M0.02%Share
40GOLDMAN SACHS GROUP INC3,338,600$378.0M0.05%Put
41SG Americas Securities, LLC3,238,126$367.2M0.47%Share
42DIMENSIONAL FUND ADVISORS LP3,174,979$360.0M0.08%Share
43Aspex Management (HK) Ltd3,109,525$352.6M7.13%Share
44IMC-Chicago, LLC3,015,700$341.9M0.12%Put
45MORGAN STANLEY2,973,093$337.0M0.02%Share
46UBS Group AG2,843,100$322.4M0.05%Put
47UBS Group AG2,739,663$310.6M0.05%Call
48Mitsubishi UFJ Trust & Banking Corp2,617,937$296.8M0.71%Share
49Triata Capital Ltd2,557,700$290.0M35.15%Share
50DEUTSCHE BANK AG\2,347,344$266.0M0.09%Share

PDD Institutional Ownership History

QuarterHoldersTotal ValueChange
Q4 2025569$47.2B+151
Q3 2025418$45.4T-41
Q2 2025459$34.3T-116
Q1 2025575$47.8T+47
Q4 2024528$129.9T+84
Q3 2024444$32462.4T-36
Q2 2024480$27233.5T+80
Q1 2024400$19509.5T—

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As of Q4 2025, 50 institutional investors hold PDD (PDD Holdings Inc.). The largest holder is VANGUARD GROUP INC with $2.7B in shares. This quarter, 15 institutions opened new positions and 0 closed their positions.

Frequently Asked Questions

How many hedge funds own PDD?

As of Q4 2025, 50 institutional investors report holding PDD (PDD Holdings Inc.) in their 13F filings.

Who is the largest institutional holder of PDD?

The largest institutional holder of PDD is VANGUARD GROUP INC with $2.7B in shares.

Is institutional ownership of PDD increasing or decreasing?

This quarter, 15 institutions opened new positions in PDD and 0 closed their positions.