PDD Holdings Inc. 13F holders
509 funds reported a position in PDD Holdings Inc. in their 13F for the quarter ended 30 June 2026, together 430.9 million shares worth $32.89 billion. Against the quarter before, 49 opened a position, 145 added, 237 trimmed and 116 sold out; together they sold a net 2.1 million shares. The largest holders: BlackRock, Inc., Baillie Gifford & Co. and H&H International Investment, LLC.
Funds holding509-61 on Q1 2026
Shares they held430.9Mworth $32.89 billion
Net sold on the quarter2.1M sharesabout $160.0 million at the funds' values
Funds buying to selling194 to 353opened or added, to cut or sold
Opened 49Added 145Held 72Trimmed 237Sold out 116
What each fund did in PDD against its 13F for the quarter before; a change under 0.1% of a holding counts as held
Funds reporting a position in PDD in their 13F, each quarter; hover a bar for the shares they held
Filed so far for the quarter to 30 September 2026
5,013 funds have filed their 13F for the quarter so far; the rest are due by 16 November 2026. Of those, 213 reported a position in PDD Holdings Inc.: 20 opened one, 64 added, 78 trimmed and 24 sold out, a net 15.5 million shares sold.
The largest moves in the name among the funds that have filed, against each fund's previous 13F.
The well-known funds
Of the 44 funds followed here, 2 reported a position in PDD Holdings Inc. in a 13F for the quarter ended 30 September 2026, and 7 more in a 13F for an earlier quarter, the latest each has filed. The largest: Baillie Gifford, 11.6 million shares worth $906.2 million, 0.9% of its reported book. Sold out: Renaissance Technologies, Appaloosa (Tepper). In the quarter, 0 funds added or opened a position and 2 trimmed or sold out; together they sold a net 15.0 million shares, about $1.17 billion at the funds' own value per share on 30 September 2026. A change under 0.1% of a holding counts as held.
| Fund | Shares | Value | Of its book | Change on the quarter | Status | Quarter ended | Filing |
|---|---|---|---|---|---|---|---|
| Baillie Gifford | 11,626,575 | $906.2 million | 0.9% | -14,967,960 | trimmed | 30 September 2026 | 13F |
| Himalaya Capital (Li Lu) | 10,761,119 | $820.9 million | 22.2% | +6,153,119 | added | 30 June 2026, an earlier quarter | 13F |
| Norges Bank | 9,338,120 | $712.3 million | 0.1% | held | 30 June 2026, an earlier quarter | 13F | |
| Geode Capital Management | 6,558,102 | $509.0 million | 0.0% | -81,157 | trimmed | 30 September 2026 | 13F |
| Dodge & Cox | 4,550,000 | $347.1 million | 0.2% | +12,400 | added | 30 June 2026, an earlier quarter | 13F |
| FMR LLC | 1,521,767 | $116.1 million | 0.0% | -4,779,937 | trimmed | 30 June 2026, an earlier quarter | 13F |
| Citadel Advisors | 536,454 | $40.9 million | 0.0% | -358,124 | trimmed | 30 June 2026, an earlier quarter | 13F |
| Two Sigma Investments | 476,800 | $36.4 million | 0.0% | +84,712 | added | 30 June 2026, an earlier quarter | 13F |
| Millennium Management | 210,829 | $16.1 million | 0.0% | +62,527 | added | 30 June 2026, an earlier quarter | 13F |
| Renaissance Technologies | 0 | $0 | 0.0% | -1,112,700 | exited | 30 June 2026, an earlier quarter | 13F |
| Appaloosa (Tepper) | 0 | $0 | 0.0% | -900,000 | exited | 30 June 2026, an earlier quarter | 13F |
Value is what the fund reported.
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Change is shares against the fund's previous 13F; a fund with one filing read shows no change. 13Fs cover long US positions of managers above $100 million and are filed up to 45 days after the quarter.The largest holders
| Fund | Shares | Share of all | Value | Of its book | Change in shares | Filing |
|---|---|---|---|---|---|---|
| BlackRock, Inc. | 31,969,893 | 7.42% | $2.44 billion | 0.04% | -7,438,139 | 13F |
| Baillie Gifford & Co. | 26,594,535 | 6.17% | $2.03 billion | 1.84% | -1,758,564 | 13F |
| H&H International Investment, LLC | 25,022,094 | 5.81% | $1.91 billion | 9.99% | +5,273,800 | 13F |
| Vanguard Capital Management LLC | 24,646,256 | 5.72% | $1.88 billion | 0.04% | +520,598 | 13F |
| Invesco Ltd. | 22,228,242 | 5.16% | $1.70 billion | 0.13% | +1,729,817 | 13F |
| Goldman Sachs Group Inc. | 14,006,939 | 3.25% | $1.07 billion | 0.11% | +4,301,004 | 13F |
| HSG Holding Ltd | 11,348,426 | 2.63% | $865.7 million | 69.64% | no change | 13F |
| Himalaya Capital Management LLC | 10,761,119 | 2.50% | $820.9 million | 22.17% | +6,153,119 | 13F |
| State Street Corp. | 10,303,417 | 2.39% | $785.9 million | 0.02% | -1,730,280 | 13F |
| NetEase, Inc. | 9,566,480 | 2.22% | $729.7 million | 95.34% | +700,000 | 13F |
| First Beijing Investment Ltd | 9,377,416 | 2.18% | $715.3 million | 29.27% | +1,228,254 | 13F |
| Norges Bank | 9,338,120 | 2.17% | $712.3 million | 0.07% | 13F | |
| SC US (ttgp), Ltd | 8,841,576 | 2.05% | $674.4 million | 2.12% | no change | 13F |
| UBS AM, a distinct business unit of UBS Asset Management Americas LLC | 8,726,228 | 2.03% | $665.6 million | 0.12% | +143,225 | 13F |
| Sanders Capital, LLC | 7,936,717 | 1.84% | $605.4 million | 0.61% | -155,084 | 13F |
| Vanguard Fiduciary Trust Co. | 6,658,003 | 1.55% | $507.9 million | 0.11% | +138,198 | 13F |
| Geode Capital Management, LLC | 6,639,259 | 1.54% | $504.1 million | 0.03% | -213,668 | 13F |
| FIL Ltd | 6,292,692 | 1.46% | $480.0 million | 0.34% | -556,579 | 13F |
| JPMorgan Chase & Co. | 6,017,649 | 1.40% | $460.6 million | 0.03% | -1,893,188 | 13F |
| Krane Funds Advisors LLC | 5,780,324 | 1.34% | $440.9 million | 15.63% | +47,140 | 13F |
| UBS Group AG | 5,635,629 | 1.31% | $429.9 million | 0.07% | +3,134,090 | 13F |
| Morgan Stanley | 5,483,249 | 1.27% | $418.3 million | 0.02% | -1,905,643 | 13F |
| Orbis Allan Gray Ltd | 5,353,562 | 1.24% | $408.4 million | 1.40% | +3,609,514 | 13F |
| Jane Street Group, LLC | 4,794,185 | 1.11% | $365.7 million | 0.23% | +4,617,470 | 13F |
| Greenwoods Asset Management Hong Kong Ltd. | 4,785,666 | 1.11% | $365.1 million | 16.70% | -318,138 | 13F |
| Mitsubishi UFJ Trust & Banking Corp | 4,760,515 | 1.10% | $363.1 million | 0.79% | +1,195,094 | 13F |
| E Fund Management Co., Ltd. | 4,715,949 | 1.09% | $359.7 million | 8.07% | +122,896 | 13F |
| Dodge & Cox | 4,550,000 | 1.06% | $347.1 million | 0.18% | +12,400 | 13F |
| Legal & General Group Plc | 3,997,575 | 0.93% | $304.9 million | 0.06% | -250,471 | 13F |
| BNP Paribas Financial Markets | 3,805,975 | 0.88% | $290.3 million | 0.15% | -748,282 | 13F |
| Temasek Holdings (Private) Ltd | 3,622,972 | 0.84% | $276.4 million | 0.76% | -1,303,089 | 13F |
| SG Americas Securities, LLC | 3,426,679 | 0.80% | $261.4 million | 0.15% | -2,875,141 | 13F |
| HSBC Holdings PLC | 3,266,047 | 0.76% | $249.3 million | 0.12% | -317,343 | 13F |
| Triata Capital Ltd | 3,211,624 | 0.75% | $245.0 million | 41.64% | +1,129,297 | 13F |
| Dimensional Fund Advisors LP | 3,174,566 | 0.74% | $242.2 million | 0.04% | -562,663 | 13F |
| Capital International Investors | 3,135,019 | 0.73% | $239.1 million | 0.05% | +1,030,968 | 13F |
| Bank of America Corp. | 3,120,966 | 0.72% | $238.1 million | 0.01% | +534,458 | 13F |
| National Bank of Canada | 2,873,404 | 0.67% | $219.2 million | 0.19% | +1,012,713 | 13F |
| Citigroup Inc. | 2,697,035 | 0.63% | $205.7 million | 0.10% | +1,034,447 | 13F |
| Northern Trust Corp. | 2,683,483 | 0.62% | $204.7 million | 0.02% | -478,063 | 13F |
| AustralianSuper Pty Ltd | 2,627,834 | 0.61% | $200.5 million | 0.87% | +1,454,534 | 13F |
| Healthcare of Ontario Pension Plan Trust Fund | 2,485,298 | 0.58% | $189.6 million | 0.27% | +875,928 | 13F |
| Deutsche Bank AG | 2,353,277 | 0.55% | $179.5 million | 0.05% | +352,783 | 13F |
| Vanguard Asset Management, Ltd | 2,172,283 | 0.50% | $165.7 million | 0.11% | -135,185 | 13F |
| Perseverance Asset Management International | 2,163,479 | 0.50% | $165.0 million | 16.89% | +1,803 | 13F |
| Capula Management Ltd | 1,914,949 | 0.44% | $146.1 million | 0.64% | +1,897,365 | 13F |
| Barclays PLC | 1,762,588 | 0.41% | $134.5 million | 0.04% | -497,375 | 13F |
| American Century Companies Inc. | 1,703,940 | 0.40% | $130.0 million | 0.06% | -385,740 | 13F |
| Alpine Investment Management Ltd | 1,661,600 | 0.39% | $126.7 million | 30.82% | +1,567,264 | 13F |
| Charles Schwab Investment Management Inc. | 1,652,472 | 0.38% | $126.1 million | 0.02% | +213,942 | 13F |
The 50 largest of the 509 funds that reported a position in PDD in their 13F for the quarter ended 30 June 2026, by the value each reported.
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Share of all is the fund's part of all the shares the funds reported. Change is shares against the fund's 13F for the quarter before. A 13F lists a manager's long positions in US-listed shares at the quarter's end. What is a 13F?Options the funds reported on PDD
| Fund | Option | Shares under the options | Value of those shares | Quarter ended | Filing |
|---|---|---|---|---|---|
| Citadel Advisors | Calls | 6,466,200 | $493.2 million | 30 June 2026 | 13F |
| Citadel Advisors | Puts | 3,814,600 | $291.0 million | 30 June 2026 | 13F |
| Point72 Asset Management | Puts | 562,900 | $42.9 million | 30 June 2026 | 13F |
| Point72 Asset Management | Calls | 536,000 | $40.9 million | 30 June 2026 | 13F |
| Millennium Management | Puts | 490,700 | $37.4 million | 30 June 2026 | 13F |
| Millennium Management | Calls | 332,400 | $25.4 million | 30 June 2026 | 13F |
A 13F lists calls and puts by the shares they cover and what those shares were worth at the quarter's end, not what the options cost.
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They are not counted in the holdings above. A put gains when the stock falls, a call when it rises, and a fund may hold either to hedge.Schedule 13D and 13G filed on the name, last twelve months
None in the last twelve months: no holder crossed 5%, changed materially, or filed an annual 13G in the window.
Fails to deliver
| Settlement date | Shares failed | Price | File |
|---|---|---|---|
| 28 September 2026 | 329 | $77.57 | SEC |
| 22 September 2026 | 2,043 | $79.30 | SEC |
| 18 September 2026 | 14,415 | $77.73 | SEC |
| 17 September 2026 | 1,380 | $78.76 | SEC |
| 1 September 2026 | 38,152 | $84.00 | SEC |
Shares that failed to deliver at settlement, per day, from the SEC's half-month files, which arrive about two weeks after the period.