PDD
PDD Holdings Inc. · Consumer Cyclical · Specialty Retail
Momentum inputs (comparable managers):
holder breadth -15.0% ·
share flow +3.2% ·
net new positions -17.6%
— formula
Concentrated accumulation — rising shares among fewer holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q1 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 143 | -3 | 286.19M | $21.84B | +5 | −7 |
| Q1 2026 | 147 | -1 | 287.28M | $29.31B | +7 | −9 |
| Q4 2025 | 147 | -2 | 318.68M | $36.13B | +2 | −3 |
| Q3 2025 | 22 | +2 | 184.91M | $24.43B | +2 | −1 |
| Q2 2025 | 18 | -2 | 158.45M | $16.58B | +1 | −3 |
| Q1 2025 | 17 | -3 | 88.28M | $10.44B | +2 | −5 |
| Q4 2024 | 20 | 0 | 85.54M | $8.29B | +2 | −2 |
| Q3 2024 | 19 | 0 | 81.22M | $9.85B | +1 | −1 |
| Q2 2024 | 19 | — | 78.39M | $10.42B | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Baillie Gifford ✦ | 40.05M | +5.2% | $4.74B | 4.1% | ▲ Add | 4 | SEC ↗ ×5 |
| 2 | State Street Global Advisors ✦ (passive) | 11.53M | +0.1% | $1.37B | 0.1% | ▲ Add | 2 | SEC ↗ ×2 |
| 3 | Norges Bank ✦ (passive) | 8.09M | -3.4% | $957.57M | 0.1% | ▼ Trim | 4 | SEC ↗ |
| 4 | T. Rowe Price ✦ | 6.91M | +6.0% | $817.99M | 0.1% | ▲ Add | 4 | SEC ↗ ×4 |
| 5 | Geode Capital Management ✦ (passive) | 5.99M | +3.3% | $704.06M | 0.1% | ▲ Add | 4 | SEC ↗ ×2 |
| 6 | Tiger Global Management ✦ | 4.42M | +68.0% | $522.60M | 2.0% | ▲ Add | 2 | SEC ↗ |
| 7 | Appaloosa ✦ | 4.37M | -18.4% | $517.19M | 9.3% | ▼ Trim | 4 | SEC ↗ |
| 8 | Bridgewater Associates ✦ | 1.74M | +39.8% | $206.25M | 1.0% | ▲ Add | 4 | SEC ↗ |
| 9 | Marshall Wace ✦ | 1.14M | +36.9% | $134.46M | 0.2% | ▲ Add | 4 | SEC ↗ ×3 |
| 10 | Wellington Management ✦ | 950.92K | +20.6% | $112.54M | 0.0% | ▲ Add | 4 | SEC ↗ ×7 |
| 11 | AQR Capital Management ✦ | 864.50K | -2.2% | $102.31M | 0.1% | ▼ Trim | 4 | SEC ↗ ×3 |
| 12 | Fisher Asset Management ✦ | 636.81K | -6.7% | $75.37M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 13 | Citadel Advisors ✦ | 615.60K | -26.8% | $72.86M | 0.1% | ▼ Trim | 4 | SEC ↗ ×2 |
| 14 | Renaissance Technologies ✦ | 589.90K | -37.7% | $69.81M | 0.1% | ▼ Trim | 4 | SEC ↗ |
| 15 | Point72 Asset Management ✦ | 309.87K | New | $36.67M | 0.1% | New | 1 | SEC ↗ |
| 16 | Arrowstreet Capital ✦ | 43.56K | New | $5.16M | 0.0% | New | 1 | SEC ↗ |
| 17 | Millennium Management ✦ | 36.32K | -62.9% | $4.30M | 0.0% | ▼ Trim | 4 | SEC ↗ ×2 |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| Point72 Asset Management | $36.67M | 0.1% |
| Arrowstreet Capital | $5.16M | 0.0% |
Exited
| D. E. Shaw & Co. | $39.15M | was 0.0% |
| Oaktree Capital Management | $26.94M | was 0.6% |
| Coatue Management | $17.91M | was 0.1% |
| Scion Asset Management | $7.27M | was 9.4% |
| Two Sigma Investments | $1.95M | was 0.0% |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 558 holders, 403.31M shares, $40.06B reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.
Open-market purchases (P)
No open-market insider purchases in our coverage window.
Open-market sales (S)
Director · 1.71K sh · $140,151
Awards, exercises and tax withholding are never counted as buys or sales here. Methodology