PDD in the 13F filings
PDD Holdings Inc · CUSIP 722304102
- Quarter end
- 30 Sep 2026
- the date the book describes
- Filed
- 9 Nov 2026
- latest of these filings; the earliest 9 Nov 2026
- Managers listing it
- 3
- at least, of 95 tracked, among listed positions
- Comparable managers
- 5
- filed both Q2 2026 and Q3 2026; 1 listed it in both
- Shares listed
- 12,987,470
- combined, among listed positions
- Reported value
- $1.0bn
- combined, at the quarter end
Among the 5 comparable managers: 1 buyer (opened or added shares) and 2 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -13,787,643.
Managers listing PDD in Q3 2026
3 of 3 holders
| Action | Filing | |||||
|---|---|---|---|---|---|---|
| Baillie Gifford & Co | 11,626,575 | $906m | 0.86% | Trimmed | -14,967,960 | 9 Nov 2026 (the filing on sec.gov) |
| Acadian Asset Management LLC | 1,221,392 | $95m | 0.11% | Added | +1,188,266 | 9 Nov 2026 (the filing on sec.gov) |
| Squarepoint Ops LLC | 139,503 | $11m | under 0.1% | Trimmed | -7,949 | 9 Nov 2026 (the filing on sec.gov) |
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
- Acadian Asset Management LLCexisting position · 1,221,392 shares now+1,188,266
Reductions
- Baillie Gifford & Coexisting position · 11,626,575 shares now-14,967,960
- Squarepoint Ops LLCexisting position · 139,503 shares now-7,949
New positions and exits
New (0)
No new position among listed positions.
Exited (0)
No exit shown by a manager’s own filing.
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 |
| Q3 2026 | 2 | $1.0bn | 1 | 2 |
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 →