Holders over time
- PDD
- GOOG
| Quarter | PDD | GOOG |
|---|---|---|
| Q3 2020 | 13 holders, $5.6bn | 47 holders, $73.8bn |
| Q4 2020 | 23 holders, $15.9bn | 48 holders, $88.6bn |
| Q1 2021 | 22 holders, $10.6bn | 42 holders, $102bn |
| Q2 2021 | 18 holders, $10.1bn | 42 holders, $122bn |
| Q3 2021 | 17 holders, $8.3bn | 44 holders, $128bn |
| Q4 2021 | 17 holders, $5.6bn | 48 holders, $138bn |
| Q1 2022 | 16 holders, $3.4bn | 48 holders, $125bn |
| Q2 2022 | 21 holders, $4.4bn | 46 holders, $93.3bn |
| Q3 2022 | 23 holders, $5.1bn | 46 holders, $79.3bn |
| Q4 2022 | 26 holders, $6.0bn | 46 holders, $62.7bn |
| Q1 2023 | 23 holders, $4.5bn | 48 holders, $65.5bn |
| Q2 2023 | 22 holders, $4.9bn | 43 holders, $75.1bn |
| Q3 2023 | 22 holders, $8.2bn | 45 holders, $81.6bn |
| Q4 2023 | 32 holders, $13.7bn | 45 holders, $82.8bn |
| Q1 2024 | 25 holders, $10.2bn | 46 holders, $83.4bn |
| Q2 2024 | 32 holders, $13.6bn | 45 holders, $98.4bn |
| Q3 2024 | 30 holders, $12.8bn | 48 holders, $86.1bn |
| Q4 2024 | 24 holders, $9.5bn | 49 holders, $94.5bn |
| Q1 2025 | 22 holders, $12.3bn | 53 holders, $72.6bn |
| Q2 2025 | 16 holders, $7.4bn | 50 holders, $77.5bn |
| Q3 2025 | 23 holders, $10.8bn | 49 holders, $107bn |
| Q4 2025 | 16 holders, $9.9bn | 54 holders, $152bn |
| Q1 2026 | 14 holders, $7.2bn | 56 holders, $148bn |
| Q2 2026 | 8 holders, $4.8bn | 53 holders, $194bn |
PDD Holdings Inc
- Holders
- 32
- Reported value
- $13.7bn
- Buyers
- 23
- Sellers
- 9
Breadth +14 among 93 comparable managers.
Alphabet Inc
- Holders
- 45
- Reported value
- $82.8bn
- Buyers
- 15
- Sellers
- 28
Breadth -13 among 93 comparable managers.
Who holds both, Q4 2023
Both (20)
Acadian Asset Management LLC, AllianceBernstein LP, Appaloosa LP, AQR Capital Management LLC, Arrowstreet Capital LP, Artisan Partners LP, Baillie Gifford & Co, Coatue Management LLC, D. E. Shaw & Co., ExodusPoint Capital Management LP, Fidelity (FMR LLC), Invesco Ltd, Jane Street Group LLC, Man Group PLC, Marshall Wace LLP, Millennium Management LLC, Point72 Asset Management LP, Squarepoint Ops LLC, T. Rowe Price Associates Inc, Verition Fund Management LLC
Only PDD (12)
Altimeter Capital Management LP, Bridgewater Associates LP, Dragoneer Investment Group LLC, Eisler Capital Management Ltd, Light Street Capital Management LLC, Moore Capital Management LP, Schonfeld Strategic Advisors LLC, Soros Fund Management LLC, Tiger Global Management LLC, Voloridge Investment Management LLC, Whale Rock Capital Management LLC, Woodline Partners LP
Only GOOG (25)
ARK Investment Management LLC, Baupost Group LLC, Brevan Howard Capital Management LP, Capital Research Global Investors, Capital World Investors, Dodge & Cox, Egerton Capital UK LLP, Farallon Capital Management LLC, First Eagle Investment Management LLC, GAMCO Investors Inc, Harris Associates LP, Hudson Bay Capital Management LP, Janus Henderson Group Ltd, Markel Group Inc, MFS Investment Management, Neuberger Berman Group LLC, Pershing Square Capital Management LP, Polen Capital Management LLC, Renaissance Technologies LLC, Ruane Cunniff & Goldfarb LP, Soroban Capital Partners LP, Southeastern Asset Management Inc, Susquehanna International Group LLP, TCI Fund Management Ltd, Wellington Management Group LLP
How much of the picture this is
A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. Buyers and sellers count comparable managers (those that filed both quarters) by shares, so a rise in value with no rise in shares is the price. Large books are listed to their largest positions. These are 95 tracked managers, not the institutional market.