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PDD in the 13F filings

PDD Holdings Inc · CUSIP 722304102

Sector · Business and payment servicesTheme · Consumer and digital platforms· L3VLUP-defined
Quarter
Q3 2026 · early filersQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023
Quarter end
30 Jun 2026
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 3 Aug 2026
Managers listing it
28
at least, of 95 tracked, among listed positions
Comparable managers
91
filed both Q1 2026 and Q2 2026; 9 listed it in both
Shares listed
69,012,556
combined, among listed positions
Reported value
$5.3bn
combined, at the quarter end

AllianceBernstein LP. Values in this filing are at the previous quarter end's prices; its share count is the quarter end's.

Among the 91 comparable managers: 16 buyers (opened or added shares) and 18 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -3,560,803.

Managers listing PDD in Q2 2026

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q1 2026, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

28 of 28 holders

ActionFiling
Baillie Gifford & Co26,594,535$2.0bn1.84%Trimmed-1,758,5646 Aug 2026 (the filing on sec.gov)
Invesco Ltd22,228,242$1.7bn0.13%Added+1,729,81714 Aug 2026 (the filing on sec.gov)
Jane Street Group LLC4,794,185$366munder 0.1%Added+4,617,47014 Aug 2026 (the filing on sec.gov)
Dodge & Cox4,550,000$347m0.18%Added+12,40013 Aug 2026 (the filing on sec.gov)
MFS Investment Management1,553,647$116munder 0.1%Trimmed-194,5913 Aug 2026 (the filing on sec.gov)
Fidelity (FMR LLC)1,521,767$116munder 0.1%Trimmed-4,779,93713 Aug 2026 (the filing on sec.gov)
Susquehanna International Group LLP1,322,726$101munder 0.1%Trimmed-183,67614 Aug 2026 (the filing on sec.gov)
Holocene Advisors LP1,260,000$96m0.22%Newnew14 Aug 2026 (the filing on sec.gov)
Voloridge Investment Management LLC918,040$70m0.30%Newnew14 Aug 2026 (the filing on sec.gov)
Marshall Wace LLP759,453$58munder 0.1%Added+436,86813 Aug 2026 (the filing on sec.gov)
Arrowstreet Capital LP654,008$50munder 0.1%Added+202,91513 Aug 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc647,140$49munder 0.1%Trimmed-2,714,36114 Aug 2026 (the filing on sec.gov)
Citadel Advisors LLC536,454$41munder 0.1%Trimmed-358,1242 Sep 2026 (the filing on sec.gov)
Two Sigma Investments LP476,800$36munder 0.1%Added+84,71214 Aug 2026 (the filing on sec.gov)
Neuberger Berman Group LLC313,130$24munder 0.1%Added+136,64427 Oct 2026 (the filing on sec.gov)
Millennium Management LLC210,829$16munder 0.1%Added+62,52714 Aug 2026 (the filing on sec.gov)
Squarepoint Ops LLC147,452$11munder 0.1%Added+94,77614 Aug 2026 (the filing on sec.gov)
Tudor Investment Corp146,171$11munder 0.1%Trimmed-239,20114 Aug 2026 (the filing on sec.gov)
Wellington Management Group LLP95,174$7.3munder 0.1%Trimmed-389,34414 Aug 2026 (the filing on sec.gov)
AllianceBernstein LP57,239$5.8munder 0.1%Trimmed-7,82814 Aug 2026 (the filing on sec.gov)
Verition Fund Management LLC65,824$5.0munder 0.1%Added+34,72314 Aug 2026 (the filing on sec.gov)
Balyasny Asset Management LLC50,925$3.9munder 0.1%Added+43,71614 Aug 2026 (the filing on sec.gov)
Acadian Asset Management LLC33,126$2.5munder 0.1%Trimmed-131,79213 Aug 2026 (the filing on sec.gov)
Walleye Capital LLC28,726$2.2munder 0.1%Trimmed-23,7713 Aug 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC22,799$1.7munder 0.1%Newnew14 Aug 2026 (the filing on sec.gov)
Page 1 of 2

What managers have written about PDD

Shown because the letter names the company. A letter is commentary; it is not a record of why a position changed.

By writers not tracked in the 13F universe

Their positions are not shown: no 13F filings of theirs are tracked here.

Every letter beside its positions →

Largest increases and reductions, by shares

Q1 2026 to Q2 2026, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

New (4)

Exited (6)

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
30 in Q3 2024 to 8 in Q2 2026

Tracked managers listing it, at least.

01020304020192020202120222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
PDD by quarter
QuarterHoldersReported valueBuyersSellers
Q3 201811$514mn.a.n.a.
Q4 20188$175mn.a.n.a.
Q1 20197$157mn.a.n.a.
Q2 20198$272mn.a.n.a.
Q3 201913$1.9bnn.a.n.a.
Q4 20199$2.3bnn.a.n.a.
Q1 202014$2.7bnn.a.n.a.
Q2 202015$6.4bnn.a.n.a.
Q3 202013$5.6bnn.a.n.a.
Q4 202023$15.9bnn.a.n.a.
Q1 202122$10.6bnn.a.n.a.
Q2 202118$10.1bnn.a.n.a.
Q3 202117$8.3bnn.a.n.a.
Q4 202117$5.6bnn.a.n.a.
Q1 202216$3.4bnn.a.n.a.
Q2 202221$4.4bnn.a.n.a.
Q3 202223$5.1bnn.a.n.a.
Q4 202226$6.0bnn.a.n.a.
Q1 202323$4.5bnn.a.n.a.
Q2 202322$4.9bnn.a.n.a.
Q3 202322$8.2bnn.a.n.a.
Q4 202332$13.7bn239
Q1 202425$10.2bn1515
Q2 202432$13.6bn2310
Q3 202430$12.8bn2013
Q4 202424$9.5bn1415
Q1 202522$12.3bn1313
Q2 202516$7.4bn713
Q3 202523$10.8bn176
Q4 202516$9.9bn1222
Q1 202614$7.2bn1617
Q2 20268$4.8bn1618

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

PDD and GOOGL →PDD and AMZN →PDD and GOOG →Choose a stock to compare with PDD →

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. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own PDD, latest filings →Back to the 13F Explorer →