PDD PDD Holdings Inc.

NASDAQ
$77.81

PDD Holdings Inc. (PDD) Institutional Ownership

What the institutions did with PDD last quarter, from their 13F filings. Counting managers rather than shares is the point: a single index fund adding to a position tells you far less than four hundred separate managers all deciding to. Positions as reported for the quarter ended June 30, 2026.

Managers compared
612
filed both this quarter and last
Managers holding
499
-61 on the quarter
Buyers
200
52 opened new
Sellers
350
113 sold out entirely
Buyer share
36.4%
of managers who traded it
Breadth
-27.3
net buyers, as a share of those trading

Every manager below opens. Subscribers can see any firm's whole portfolio — every position, its weight, and what they bought, trimmed and exited last quarter.

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Ownership map

Each block is one manager, sized by shares held and colored by how much they moved the position last quarter. Green added, red cut, grey stood pat.

Cut Unchanged Added Color saturates at ±50%.

Largest holders

Manager Shares % of reported
BlackRock, Inc. 32.0M 7.4%
BAILLIE GIFFORD & CO 26.6M 6.2%
H&H International Investment, LLC 25.0M 5.8%
VANGUARD CAPITAL MANAGEMENT LLC 24.6M 5.7%
Invesco Ltd. 22.2M 5.2%
GOLDMAN SACHS GROUP INC 14.0M 3.3%
HSG Holding Ltd 11.3M 2.6%
Himalaya Capital Management LLC 10.8M 2.5%
STATE STREET CORP 10.3M 2.4%
NetEase, Inc. 9.6M 2.2%
First Beijing Investment Ltd 9.4M 2.2%
NORGES BANK 9.3M 2.2%
SC US (TTGP), LTD. 8.8M 2.1%
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 8.7M 2.0%
Sanders Capital, LLC 7.9M 1.8%
VANGUARD FIDUCIARY TRUST CO 6.7M 1.5%
GEODE CAPITAL MANAGEMENT, LLC 6.6M 1.5%
FIL Ltd 6.3M 1.5%
JPMORGAN CHASE & CO 6.0M 1.4%
Krane Funds Advisors LLC 5.8M 1.3%
UBS Group AG 5.6M 1.3%
MORGAN STANLEY 5.5M 1.3%
Orbis Allan Gray Ltd 5.4M 1.2%
JANE STREET GROUP, LLC 4.8M 1.1%
Greenwoods Asset Management Hong Kong Ltd. 4.8M 1.1%

Largest changes

Manager Action Previous Current Change
BlackRock, Inc. Reduced 39.4M 32.0M -7.4M
Himalaya Capital Management LLC Increased 4.6M 10.8M +6.2M
H&H International Investment, LLC Increased 19.7M 25.0M +5.3M
FMR LLC Reduced 6.3M 1.5M -4.8M
JANE STREET GROUP, LLC Increased 176.7K 4.8M +4.6M
GOLDMAN SACHS GROUP INC Increased 9.7M 14.0M +4.3M
HHLR ADVISORS, LTD. Reduced 4.2M 500.0K -3.7M
Orbis Allan Gray Ltd Increased 1.7M 5.4M +3.6M
UBS Group AG Increased 2.5M 5.6M +3.1M
SG Americas Securities, LLC Reduced 6.3M 3.4M -2.9M
PRICE T ROWE ASSOCIATES INC /MD/ Reduced 3.4M 647.1K -2.7M
Assenagon Asset Management S.A. Sold Out 2.2M 0 -2.2M
MORGAN STANLEY Reduced 7.4M 5.5M -1.9M
Capula Management Ltd Increased 17.6K 1.9M +1.9M
JPMORGAN CHASE & CO Reduced 7.9M 6.0M -1.9M
BAILLIE GIFFORD & CO Reduced 28.4M 26.6M -1.8M
STATE STREET CORP Reduced 12.0M 10.3M -1.7M
Invesco Ltd. Increased 20.5M 22.2M +1.7M
Robeco Institutional Asset Management B.V. Reduced 2.5M 796.5K -1.7M
SCHRODER INVESTMENT MANAGEMENT GROUP Reduced 3.0M 1.3M -1.6M
Alpine Investment Management Ltd Increased 94.3K 1.7M +1.6M
AustralianSuper Pty Ltd Increased 1.2M 2.6M +1.5M
Temasek Holdings (Private) Ltd Reduced 4.9M 3.6M -1.3M
Holocene Advisors, LP New 0 1.3M +1.3M
First Beijing Investment Ltd Increased 8.1M 9.4M +1.2M
Mitsubishi UFJ Trust & Banking Corp Increased 3.6M 4.8M +1.2M
Triata Capital Ltd Increased 2.1M 3.2M +1.1M
RENAISSANCE TECHNOLOGIES LLC Sold Out 1.1M 0 -1.1M
CITIGROUP INC Increased 1.7M 2.7M +1.0M
Capital International Investors Increased 2.1M 3.1M +1.0M
NATIONAL BANK OF CANADA /FI/ Increased 1.9M 2.9M +1.0M
VOLORIDGE INVESTMENT MANAGEMENT, LLC New 0 918.0K +918.0K
APPALOOSA LP Sold Out 900.0K 0 -900.0K
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Increased 1.6M 2.5M +875.9K
BRILLIANCE ASSET MANAGEMENT LTD Increased 704.5K 1.6M +857.8K
Evergreen Quality Fund GP, Ltd. Reduced 812.9K 16.3K -796.6K
BNP PARIBAS FINANCIAL MARKETS Reduced 4.6M 3.8M -748.3K
NetEase, Inc. Increased 8.9M 9.6M +700.0K
DIMENSIONAL FUND ADVISORS LP Reduced 3.7M 3.2M -562.7K
FIL Ltd Reduced 6.8M 6.3M -556.6K
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. Increased 938.4K 1.5M +537.0K
BANK OF AMERICA CORP /DE/ Increased 2.6M 3.1M +534.5K
KEYWISE CAPITAL MANAGEMENT (HK) Ltd New 0 528.1K +528.1K
VANGUARD CAPITAL MANAGEMENT LLC Increased 24.1M 24.6M +520.6K
Carrhae Capital LLP Sold Out 515.3K 0 -515.3K
Anatole Investment Management Ltd Sold Out 502.9K 0 -502.9K
BARCLAYS PLC Reduced 2.3M 1.8M -497.4K
NORTHERN TRUST CORP Reduced 3.2M 2.7M -478.1K
LAZARD ASSET MANAGEMENT LLC Reduced 804.4K 330.6K -473.9K
Green Court Capital Management Ltd Increased 420.6K 875.7K +455.1K
CAT ROCK CAPITAL MANAGEMENT LP Sold Out 440.2K 0 -440.2K
MARSHALL WACE, LLP Increased 322.6K 759.5K +436.9K
Man Group plc Reduced 422.3K 3.0K -419.3K
IMC-Chicago, LLC Reduced 469.8K 53.7K -416.1K
WELLINGTON MANAGEMENT GROUP LLP Reduced 484.5K 95.2K -389.3K
AMERICAN CENTURY COMPANIES INC Reduced 2.1M 1.7M -385.7K
CITADEL ADVISORS LLC Reduced 894.6K 536.5K -358.1K
Nuveen, LLC Reduced 1.2M 878.6K -356.3K
DEUTSCHE BANK AG\ Increased 2.0M 2.4M +352.8K
Cederberg Capital Ltd Reduced 383.1K 37.6K -345.5K

13F filings are due 45 days after quarter end and cover long positions in U.S.-listed equities only, so this is a lagged and partial picture: shorts, bonds and foreign listings never appear. Options positions are excluded here rather than folded into the share counts. Political ownership is coming.