Security record · archived quarter
PDD
PDD Holdings Inc. · Consumer Cyclical · Specialty Retail
147Tracked holders
-2Δ holders
318.68MShares held
$36.13BReported value
+2New positions
−3Exits
Momentum inputs (comparable managers):
holder breadth -1.3% ·
share flow -2.2% ·
net new positions -0.7%
· formula
Broad distribution: falling shares and fewer holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q4 2025
Ownership over time
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 142 | -3 | 286.19M | $21.84B | +5 | −8 |
| 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 | n/a | 78.39M | $10.42B | n/a | n/a |
Who holds it · Q4 2025
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | BlackRock ✦ (passive) | 39.15M | +9.2% | $4.44B | 0.1% | ▲ Add | 3 | SEC ↗ ×21 |
| 2 | The Vanguard Group ✦ (passive) | 32.81M | +1.3% | $3.72B | 0.1% | ▲ Add | 3 | SEC ↗ ×4 |
| 3 | Baillie Gifford ✦ | 31.03M | -2.4% | $3.52B | 2.9% | ▼ Trim | 7 | SEC ↗ ×5 |
| 4 | Invesco Ltd. | 21.17M | n/a | $2.40B | 0.2% | n/c | 1 | SEC ↗ ×12 |
| 5 | Fidelity (FMR) ✦ | 14.60M | -15.7% | $1.66B | 0.1% | ▼ Trim | 3 | SEC ↗ ×6 |
| 6 | State Street Global Advisors ✦ (passive) | 12.26M | +1.3% | $1.39B | 0.0% | ▲ Add | 5 | SEC ↗ |
| 7 | Norges Bank ✦ (passive) | 9.40M | New | $1.07B | 0.1% | New | 1 | SEC ↗ |
| 8 | Hsbc Holdings Plc | 9.34M | n/a | $1.06B | 0.3% | n/c | 1 | SEC ↗ ×36 |
| 9 | Goldman Sachs Group ✦ | 8.83M | -12.2% | $1.00B | 0.1% | ▼ Trim | 2 | SEC ↗ ×3 |
| 10 | Sanders Capital, LLC | 8.11M | n/a | $919.86M | 1.1% | n/c | 1 | SEC ↗ |
| 11 | Assenagon Asset Management S.A. | 6.73M | n/a | $762.99M | 1.1% | n/c | 1 | SEC ↗ |
| 12 | Geode Capital Management ✦ (passive) | 6.76M | +5.6% | $761.72M | 0.0% | ▲ Add | 7 | SEC ↗ ×2 |
| 13 | FIL Ltd | 6.52M | n/a | $738.85M | 0.6% | n/c | 1 | SEC ↗ ×7 |
| 14 | Morgan Stanley ✦ | 5.95M | -16.2% | $674.54M | 0.0% | ▼ Trim | 2 | SEC ↗ ×12 |
| 15 | Bnp Paribas Financial Markets | 5.15M | n/a | $583.57M | 0.4% | n/c | 1 | SEC ↗ |
| 16 | JPMorgan Chase ✦ | 5.07M | -54.6% | $574.74M | 0.0% | ▼ Trim | 2 | SEC ↗ ×15 |
| 17 | Capital International Investors | 4.70M | n/a | $532.78M | 0.1% | n/c | 1 | SEC ↗ |
| 18 | Himalaya Capital ✦ | 4.61M | 0.0% | $522.50M | 14.6% | Held | 3 | SEC ↗ |
| 19 | Marshall Wace ✦ | 4.51M | +91.7% | $511.69M | 0.5% | ▲ Add | 7 | SEC ↗ ×5 |
| 20 | Dodge & Cox ✦ | 4.44M | New | $503.43M | 0.3% | New | 1 | SEC ↗ |
| 21 | UBS Group AG | 4.15M | n/a | $470.36M | 0.1% | n/c | 1 | SEC ↗ ×7 |
| 22 | Legal & General Group Plc | 4.15M | n/a | $470.28M | 0.1% | n/c | 1 | SEC ↗ ×3 |
| 23 | Dimensional Fund Advisors Lp | 3.48M | n/a | $395.14M | 0.1% | n/c | 1 | SEC ↗ ×4 |
| 24 | T. Rowe Price ✦ | 3.26M | -39.2% | $369.99M | 0.0% | ▼ Trim | 7 | SEC ↗ ×4 |
| 25 | Northern Trust Corp | 3.19M | n/a | $361.67M | 0.0% | n/c | 1 | SEC ↗ ×8 |
| 26 | Mitsubishi UFJ Trust & Banking Corp | 3.17M | n/a | $359.20M | 0.9% | n/c | 1 | SEC ↗ ×3 |
| 27 | Bank Of America Corp /De/ | 3.06M | n/a | $346.72M | 0.0% | n/c | 1 | SEC ↗ ×8 |
| 28 | Deutsche Bank Ag\ | 2.78M | n/a | $314.78M | 0.1% | n/c | 1 | SEC ↗ ×6 |
| 29 | Barclays Plc | 2.66M | n/a | $301.63M | 0.1% | n/c | 1 | SEC ↗ ×4 |
| 30 | Robeco Institutional Asset… | 1.79M | n/a | $202.51M | 0.3% | n/c | 1 | SEC ↗ |
| 31 | Appaloosa ✦ | 1.77M | -1.4% | $201.27M | 2.9% | ▼ Trim | 7 | SEC ↗ |
| 32 | Nuveen, LLC | 1.69M | n/a | $191.33M | 0.1% | n/c | 1 | SEC ↗ ×3 |
| 33 | Sumitomo Mitsui Trust Group, Inc. | 1.68M | n/a | $190.74M | 0.1% | n/c | 1 | SEC ↗ |
| 34 | Swiss National Bank | 1.55M | n/a | $176.05M | 0.1% | n/c | 1 | SEC ↗ |
| 35 | Citigroup Inc | 1.54M | n/a | $175.05M | 0.1% | n/c | 1 | SEC ↗ ×4 |
| 36 | Bank of New York Mellon Corp | 1.49M | n/a | $168.73M | 0.0% | n/c | 1 | SEC ↗ ×11 |
| 37 | National Bank Of Canada /Fi/ | 1.43M | n/a | $161.99M | 0.2% | n/c | 1 | SEC ↗ ×3 |
| 38 | Massachusetts Financial Services Co… | 1.26M | n/a | $142.86M | 0.0% | n/c | 1 | SEC ↗ ×7 |
| 39 | Charles Schwab Investment… | 1.25M | n/a | $141.66M | 0.0% | n/c | 1 | SEC ↗ |
| 40 | Pictet Asset Management Holding SA | 1.23M | n/a | $139.68M | 0.1% | n/c | 1 | SEC ↗ |
| 41 | American Century Companies Inc | 1.22M | n/a | $138.64M | 0.1% | n/c | 1 | SEC ↗ |
| 42 | California Public Employees… | 1.20M | n/a | $135.59M | 0.1% | n/c | 1 | SEC ↗ |
| 43 | First Trust Advisors Lp | 1.16M | n/a | $131.41M | 0.1% | n/c | 1 | SEC ↗ |
| 44 | Russell Investments Group, Ltd. | 1.07M | n/a | $122.05M | 0.1% | n/c | 1 | SEC ↗ ×14 |
| 45 | ProShare Advisors LLC | 1.06M | n/a | $119.74M | 0.2% | n/c | 1 | SEC ↗ |
| 46 | Nomura Asset Management… | 1.05M | n/a | $119.05M | 0.2% | n/c | 1 | SEC ↗ |
| 47 | Aberdeen Group plc | 1.01M | n/a | $114.96M | 0.2% | n/c | 1 | SEC ↗ ×4 |
| 48 | Alliancebernstein L.P. | 927.79K | n/a | $105.20M | 0.0% | n/c | 1 | SEC ↗ |
| 49 | Walleye Trading LLC | 885.81K | n/a | $100.44M | 1.6% | n/c | 1 | SEC ↗ |
| 50 | Mitsubishi UFJ Asset Management… | 860.91K | n/a | $99.65M | 0.1% | n/c | 1 | SEC ↗ |
| 51 | Peak6 Llc | 870.08K | n/a | $98.66M | 1.3% | n/c | 1 | SEC ↗ ×2 |
| 52 | Wellington Management ✦ | 810.86K | -9.4% | $91.94M | 0.0% | ▼ Trim | 7 | SEC ↗ ×7 |
| 53 | Franklin Resources Inc | 802.54K | n/a | $91.00M | 0.0% | n/c | 1 | SEC ↗ ×5 |
| 54 | Lazard Asset Management Llc | 784.90K | n/a | $89.00M | 0.2% | n/c | 1 | SEC ↗ ×2 |
| 55 | LMR Partners LLP | 733.65K | n/a | $83.19M | 1.0% | n/c | 1 | SEC ↗ ×4 |
| 56 | Healthcare Of Ontario Pension Plan… | 710.73K | n/a | $80.59M | 0.1% | n/c | 1 | SEC ↗ |
| 57 | Royal London Asset Management Ltd | 696.17K | n/a | $78.94M | 0.2% | n/c | 1 | SEC ↗ |
| 58 | Allianz Asset Management GmbH | 691.14K | n/a | $78.37M | 0.1% | n/c | 1 | SEC ↗ ×6 |
| 59 | Royal Bank Of Canada | 672.01K | n/a | $76.20M | 0.0% | n/c | 1 | SEC ↗ ×9 |
| 60 | Susquehanna International Group, Llp | 666.59K | n/a | $75.59M | 0.1% | n/c | 1 | SEC ↗ |
| 61 | Aviva Plc | 641.02K | n/a | $72.69M | 0.1% | n/c | 1 | SEC ↗ |
| 62 | Fisher Asset Management ✦ | 573.18K | -0.5% | $64.99M | 0.0% | ▼ Trim | 7 | SEC ↗ |
| 63 | Allspring Global Investments… | 556.69K | n/a | $64.44M | 0.1% | n/c | 1 | SEC ↗ ×2 |
| 64 | Korea Investment CORP | 554.69K | n/a | $62.90M | 0.1% | n/c | 1 | SEC ↗ |
| 65 | Man Group plc | 533.66K | n/a | $60.51M | 0.1% | n/c | 1 | SEC ↗ ×2 |
| 66 | MIRAE ASSET GLOBAL ETFS HOLDINGS… | 527.00K | n/a | $59.76M | 0.1% | n/c | 1 | SEC ↗ ×2 |
| 67 | BNP Paribas Asset Management… | 499.52K | n/a | $56.64M | 0.1% | n/c | 1 | SEC ↗ ×4 |
| 68 | Manufacturers Life Insurance… | 484.40K | n/a | $54.98M | 0.0% | n/c | 1 | SEC ↗ |
| 69 | Sei Investments Co | 449.69K | n/a | $50.99M | 0.1% | n/c | 1 | SEC ↗ ×2 |
| 70 | Mackenzie Financial Corp | 421.76K | n/a | $47.91M | 0.1% | n/c | 1 | SEC ↗ |
| 71 | Nomura Holdings Inc | 384.27K | n/a | $43.57M | 0.1% | n/c | 1 | SEC ↗ ×2 |
| 72 | Millennium Management ✦ | 382.55K | +132.9% | $43.38M | 0.0% | ▲ Add | 7 | SEC ↗ |
| 73 | Mirae Asset Global Investments Co.… | 364.34K | n/a | $41.31M | 0.1% | n/c | 1 | SEC ↗ ×2 |
| 74 | Bank Of Montreal /Can/ | 350.80K | n/a | $39.78M | 0.0% | n/c | 1 | SEC ↗ ×6 |
| 75 | IMC-Chicago, LLC | 347.62K | n/a | $39.42M | 0.7% | n/c | 1 | SEC ↗ |
| 76 | Balyasny Asset Management L.P. | 335.43K | n/a | $38.03M | 0.1% | n/c | 1 | SEC ↗ |
| 77 | Victory Capital Management Inc | 333.28K | n/a | $37.79M | 0.0% | n/c | 1 | SEC ↗ |
| 78 | Citadel Advisors ✦ | 315.26K | -76.5% | $35.75M | 0.0% | ▼ Trim | 7 | SEC ↗ ×2 |
| 79 | California State Teachers… | 309.21K | n/a | $35.06M | 0.0% | n/c | 1 | SEC ↗ |
| 80 | Arrowstreet Capital ✦ | 305.41K | -79.5% | $34.63M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 81 | Zurcher Kantonalbank (Zurich… | 286.73K | n/a | $32.51M | 0.1% | n/c | 1 | SEC ↗ |
| 82 | Renaissance Technologies ✦ | 273.90K | +66.6% | $31.06M | 0.0% | ▲ Add | 7 | SEC ↗ |
| 83 | Ameriprise Financial Inc | 253.11K | n/a | $28.70M | 0.0% | n/c | 1 | SEC ↗ ×4 |
| 84 | Credit Agricole S A | 239.80K | n/a | $27.19M | 0.1% | n/c | 1 | SEC ↗ ×3 |
| 85 | Wcm Investment Management, Llc | 228.51K | n/a | $26.01M | 0.1% | n/c | 1 | SEC ↗ |
| 86 | Voya Investment Management Llc | 225.23K | n/a | $25.54M | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 87 | Connor, Clark & Lunn Investment… | 216.76K | n/a | $24.58M | 0.1% | n/c | 1 | SEC ↗ |
| 88 | Jennison Associates Llc | 213.35K | n/a | $24.19M | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 89 | National Pension Service | 196.84K | n/a | $22.32M | 0.0% | n/c | 1 | SEC ↗ |
| 90 | Parallax Volatility Advisers, L.P. | 187.90K | n/a | $21.31M | 0.7% | n/c | 1 | SEC ↗ |
| 91 | Tudor Investment Corp Et Al | 151.35K | n/a | $17.16M | 0.1% | n/c | 1 | SEC ↗ |
| 92 | CIBC Asset Management Inc | 150.92K | n/a | $17.11M | 0.0% | n/c | 1 | SEC ↗ |
| 93 | Wells Fargo & Company/Mn | 135.52K | n/a | $15.37M | 0.0% | n/c | 1 | SEC ↗ ×5 |
| 94 | Nomura Asset Management Co Ltd | 128.89K | n/a | $14.61M | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 95 | Neuberger Berman Group LLC | 120.17K | n/a | $13.63M | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 96 | Asset Management One Co., Ltd. | 118.51K | n/a | $13.53M | 0.0% | n/c | 1 | SEC ↗ |
| 97 | Danske Bank A/S | 109.11K | n/a | $12.37M | 0.0% | n/c | 1 | SEC ↗ |
| 98 | Tidal Investments LLC | 96.53K | n/a | $10.95M | 0.0% | n/c | 1 | SEC ↗ |
| 99 | Td Asset Management Inc | 86.65K | n/a | $9.83M | 0.0% | n/c | 1 | SEC ↗ |
| 100 | Daiwa Securities Group Inc. | 76.88K | n/a | $8.72M | 0.0% | n/c | 1 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value: the conviction measure. ✦ = curated manager.
New buyers
| Norges Bank | $1.07B | 0.1% |
| Dodge & Cox | $503.43M | 0.3% |
Exited
| Altimeter Capital | $181.29M | was 2.4% |
| Point72 Asset Management | $81.17M | was 0.2% |
| AQR Capital Management | $206,092 | 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.
Frequently co-owned
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)
Sep 03
Kam Anthony Ping Leung
Director · 1.71K sh · $140,151
Awards, exercises and tax withholding are never counted as buys or sales here. Methodology
Provenance: Ownership from parsed 13F common-stock positions (tracked universe, comparable sets for changes); insider rows from Forms 3/4/5; stakes from Schedules 13D/13G; every filing links to its original on SEC EDGAR.
Reporting period: Q4 2025 ·
Methodology ·
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