PDD PDD Holdings Inc.

NASDAQ
$77.81

PDD Holdings Inc. (PDD) Hedge Fund Activity

This view isolates hedge funds from the broader institutional ownership shown on the Institutional tab. A pension fund tracking an index may have no view on a stock; when a hedge fund builds or exits a position, that decision can carry information. This page measures those changes. Positions as of June 30, 2026.

Based on quarterly 13F long-equity filings. Changes compare reported quarter-end positions; filings can be reported up to 45 days later and do not represent a fund's complete exposure.

Hedge fund breadth
+17.65
20 buyers / 14 sellers
BUYING
Funds compared
36
funds with comparable PDD positions
27 current holders · 29 prior-quarter holders
Net share change
+8.52M
+11.29M added, -2.77M cut
Position activity
7 new 13 increased 5 reduced 9 exited

Most significant moves

Ranked by conviction, not size — how much of the fund's own book the position represents, how far it moved, and what kind of fund made it.

Fund Action Shares changed Change Est. value Portfolio wt. Score
Himalaya Capital Management Value Increased +6.15M +133.5% $469.4M 22.2% 87
Brevan Howard Capital Management Macro Sold Out -180.5K -100.0% $13.8M 0.0% 77
Capula Management Quant Macro Increased +1.90M +10790.3% $144.7M 2.0% 68
RENAISSANCE TECHNOLOGIES LLC Quant Sold Out -1.11M -100.0% $84.9M 0.0% 65
Holocene Advisors, LP New +1.26M $96.1M 0.2% 63
Voloridge Investment Management Quant New +918.0K $70.0M 0.3% 61
HBK Investments Event Sold Out -13.8K -100.0% $1.0M 0.0% 60
Centiva Capital Long/Short Quant Sold Out -267.3K -100.0% $20.4M 0.0% 60
Qube Research & Technologies Ltd Quant New +104.5K $8.0M 0.0% 57
Capital Fund Management Quant Macro New +24.5K $1.9M 0.0% 55

Most significant buyers

By move score, not size.

  • Himalaya Capital Management Increased · +6.15M
  • Capula Management Increased · +1.90M
  • Holocene Advisors, LP New · +1.26M
  • Voloridge Investment Management New · +918.0K
  • Qube Research & Technologies Ltd New · +104.5K

Most significant sellers

By move score, not size.

  • Brevan Howard Capital Management Sold Out · -180.5K
  • RENAISSANCE TECHNOLOGIES LLC Sold Out · -1.11M
  • HBK Investments Sold Out · -13.8K
  • Centiva Capital Sold Out · -267.3K
  • Caxton Associates Sold Out · -5.0K

Hedge fund positions

Fund Tier Shares Previous Change Change % Portfolio wt. Action Score
Himalaya Capital Management 1 10.8M 4.6M +6.15M +133.5% 22.2% Increased 87
Brevan Howard Capital Management 3 0 180.5K -180.5K -100.0% 0.0% Sold Out 77
Capula Management 2 1.9M 17.6K +1.90M +10790.3% 2.0% Increased 68
RENAISSANCE TECHNOLOGIES LLC 1 0 1.1M -1.11M -100.0% 0.0% Sold Out 65
Holocene Advisors, LP 2 1.3M 0 +1.26M 0.2% New 63
Voloridge Investment Management 2 918.0K 0 +918.0K 0.3% New 61
HBK Investments 1 0 13.8K -13.8K -100.0% 0.0% Sold Out 60
Centiva Capital 4 0 267.3K -267.3K -100.0% 0.0% Sold Out 60
Qube Research & Technologies Ltd 2 104.5K 0 +104.5K 0.0% New 57
Capital Fund Management 3 24.5K 0 +24.5K 0.0% New 55
MARSHALL WACE, LLP 2 759.5K 322.6K +436.9K +135.4% 0.1% Increased 54
Balyasny Asset Management L.P. 2 50.9K 7.2K +43.7K +606.4% 0.0% Increased 53
Schonfeld Strategic Advisors 3 22.8K 0 +22.8K 0.0% New 53
Caxton Associates 3 0 5.0K -5.0K -100.0% 0.0% Sold Out 53
Parallax Volatility Advisers 3 50.6K 0 +50.6K 0.2% New 53
Saba Capital Management 3 116.4K 51.9K +64.5K +124.4% 0.6% Increased 52
Alphadyne Asset Management 3 0 6.9K -6.9K -100.0% 0.0% Sold Out 52
AQR Capital Management 3 3.7K 0 +3.7K 0.0% New 51
Squarepoint Ops LLC 2 147.5K 52.7K +94.8K +179.9% 0.0% Increased 51
Caption Management 3 0 7.5K -7.5K -100.0% 0.0% Sold Out 50
Man Group 3 3.0K 422.3K -419.3K -99.3% 0.0% Reduced 50
Verition Fund Management 2 65.8K 31.1K +34.7K +111.6% 0.0% Increased 50
Boothbay Fund Management 4 0 7.3K -7.3K -100.0% 0.0% Sold Out 49
Capstone Investment Advisors 3 22.1K 10.0K +12.1K +121.0% 0.0% Increased 47
LMR Partners 3 23.9K 147.3K -123.4K -83.8% 0.0% Reduced 46
Quantbot Technologies 4 0 5.4K -5.4K -100.0% 0.0% Sold Out 45
Tudor Investment Corporation 2 146.2K 385.4K -239.2K -62.1% 0.1% Reduced 43
D. E. Shaw & Co., Inc. 1 17.5K 10.9K +6.5K +59.7% 0.0% Increased 42
CITADEL ADVISORS LLC 1 536.5K 894.6K -358.1K -40.0% 0.0% Reduced 41
MILLENNIUM MANAGEMENT LLC 2 210.8K 148.3K +62.5K +42.2% 0.0% Increased 39
Walleye Capital 3 28.7K 52.5K -23.8K -45.3% 0.0% Reduced 34
TWO SIGMA INVESTMENTS, LP 2 476.8K 392.1K +84.7K +21.6% 0.0% Increased 33
Quadrature Capital 3 21.4K 18.6K +2.8K +15.1% 0.0% Increased 25
Y-Intercept 4 55.8K 48.4K +7.4K +15.2% 0.1% Increased 21
CastleKnight Management 3 56.7K 56.7K 0 +0.0% 0.2% Unchanged 15
Crake Asset Management 2 55.0K 55.0K 0 +0.0% 0.1% Unchanged 21

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Hedge funds are identified from their 13F filings, which are due 45 days after quarter end and cover long U.S.-listed equity positions only. A fund's short book never appears, so a reduced position can mean a changed view or a changed hedge — the filing doesn't say which.