PDD in the 13F filings
PDD Holdings Inc · CUSIP 722304102
- Quarter end
- 30 Sep 2024
- the date the book describes
- Filed
- 5 Nov 2026
- latest of these filings; the earliest 5 Nov 2024
- Managers listing it
- 30
- at least, of 95 tracked, among listed positions
- Comparable managers
- 94
- filed both Q2 2024 and Q3 2024; 24 listed it in both
- Shares listed
- 103,169,554
- combined, among listed positions
- Reported value
- $12.8bn
- combined, at the quarter end
1 line marked †. Value as filed implies a price far from other filers'. Each counts in holders and value as filed, and is left out of the net change in shares.
Among the 94 comparable managers: 20 buyers (opened or added shares) and 13 sellers (trimmed or exited), at least, among listed positions. Their net change in shares is not known from listed positions, because at least one of them lists it in only one of the two quarters.
Managers listing PDD in Q3 2024
30 of 30 holders
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
- Hayden Capital's Q2 2026 letter, on the "SaaS-pocalypse" and returns on reinvestment · Hayden Capital · 27 Aug 2026 · Mentioned
Their positions are not shown: no 13F filings of theirs are tracked here.
Largest increases and reductions, by shares
Increases
- Appaloosa LPexisting position · 5,301,132 shares now+3,361,132
- Coatue Management LLCexisting position · 2,587,536 shares now+2,279,835
- Fidelity (FMR LLC)existing position · 20,930,161 shares now+1,654,764
- Dragoneer Investment Group LLCexisting position · 3,744,241 shares now+1,123,403
- Arrowstreet Capital LPexisting position · 9,477,455 shares now+1,117,535
Reductions
- Acadian Asset Management LLCexisting position · 559,269 shares now-3,111,530
- T. Rowe Price Associates Incexisting position · 5,403,002 shares now-1,396,129
- Invesco Ltdexisting position · 4,671,736 shares now-749,294
- Renaissance Technologies LLCexisting position · 606,200 shares now-720,100
- Squarepoint Ops LLCexisting position · 680,538 shares now-579,415
New positions and exits
New (2)
Exited (3)
- Altimeter Capital Management LPwas $228m
- Voloridge Investment Management LLCwas $187m
- Maverick Capital Ltdwas $598k
Ownership over time
Tracked managers listing it, at least.
| Quarter | Holders | Reported value | Buyers | Sellers |
|---|---|---|---|---|
| Q3 2018 | 11 | $514m | n.a. | n.a. |
| Q4 2018 | 8 | $175m | n.a. | n.a. |
| Q1 2019 | 7 | $157m | n.a. | n.a. |
| Q2 2019 | 8 | $272m | n.a. | n.a. |
| Q3 2019 | 13 | $1.9bn | n.a. | n.a. |
| Q4 2019 | 9 | $2.3bn | n.a. | n.a. |
| Q1 2020 | 14 | $2.7bn | n.a. | n.a. |
| Q2 2020 | 15 | $6.4bn | n.a. | n.a. |
| Q3 2020 | 13 | $5.6bn | n.a. | n.a. |
| Q4 2020 | 23 | $15.9bn | n.a. | n.a. |
| Q1 2021 | 22 | $10.6bn | n.a. | n.a. |
| Q2 2021 | 18 | $10.1bn | n.a. | n.a. |
| Q3 2021 | 17 | $8.3bn | n.a. | n.a. |
| Q4 2021 | 17 | $5.6bn | n.a. | n.a. |
| Q1 2022 | 16 | $3.4bn | n.a. | n.a. |
| Q2 2022 | 21 | $4.4bn | n.a. | n.a. |
| Q3 2022 | 23 | $5.1bn | n.a. | n.a. |
| Q4 2022 | 26 | $6.0bn | n.a. | n.a. |
| Q1 2023 | 23 | $4.5bn | n.a. | n.a. |
| Q2 2023 | 22 | $4.9bn | n.a. | n.a. |
| Q3 2023 | 22 | $8.2bn | n.a. | n.a. |
| Q4 2023 | 32 | $13.7bn | 23 | 9 |
| Q1 2024 | 25 | $10.2bn | 15 | 15 |
| Q2 2024 | 32 | $13.6bn | 23 | 10 |
| Q3 2024 | 30 | $12.8bn | 20 | 13 |
| Q4 2024 | 24 | $9.5bn | 14 | 15 |
| Q1 2025 | 22 | $12.3bn | 13 | 13 |
| Q2 2025 | 16 | $7.4bn | 7 | 13 |
| Q3 2025 | 23 | $10.8bn | 17 | 6 |
| Q4 2025 | 16 | $9.9bn | 12 | 22 |
| Q1 2026 | 14 | $7.2bn | 16 | 17 |
| Q2 2026 | 8 | $4.8bn | 16 | 18 |
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 →