13F

Stock

PDD Holdings Inc.

PDD · held by 572 managers

Reported value

$46.1B

Holders

572

+5 new · −6 exited

Holders’ est. mark

$376.5M

Price effect on 12 books still in the name

Largest holder

$4.44B

BlackRock, Inc.

Notable conviction

Share of each notable manager’s 13F book.

Holder count by quarter

Who holds it

Notable only
InvestorSharesValueEst. markChange
BlackRock, Inc.39.2M$4.44BHeld
Vanguard32.8M$3.72BHeld
BAILLIE GIFFORD & CO31M$3.52BHeld
Fidelity14.6M$1.66BHeld
State Street12.3M$1.39BHeld
H&H International Investment, LLC11.5M$1.31BHeld
HHLR ADVISORS, LTD.10.7M$1.22BHeld
HSG Holding Ltd11.3M$1.2BHeld
NORGES BANK9.4M$1.07B−$40.1MAdded$107.9M
SC US (TTGP), LTD.8.84M$1BHeld
GOLDMAN SACHS GROUP INC8.83M$1BHeld
Sanders Capital, LLC8.11M$919.9MHeld
First Beijing Investment Ltd6.78M$769.1MHeld
Assenagon Asset Management S.A.6.73M$763MHeld
GEODE CAPITAL MANAGEMENT, LLC6.76M$761.7MHeld
FIL Ltd6.52M$738.9MHeld
Krane Funds Advisors LLC6.4M$725.5MHeld
Invesco Ltd.6.16M$698.4MHeld
MORGAN STANLEY5.95M$674.5M$336MCut−$272.8M
BNP PARIBAS FINANCIAL MARKETS5.15M$583.6MHeld
JPMORGAN CHASE & CO5.07M$574.7MHeld
Capital International Investors4.7M$532.8MHeld
HSBC HOLDINGS PLC4.68M$531.1MHeld
Temasek Holdings (Private) Ltd4.68M$531MHeld
Himalaya Capital Management LLC4.61M$522.5MHeld
MARSHALL WACE, LLP4.51M$511.7MHeld
Dodge & Cox4.44M$503.4MHeld
UBS Group AG4.15M$470.4MHeld
Legal & General Group Plc4.15M$470.3MHeld
SCHRODER INVESTMENT MANAGEMENT GROUP4.14M$469.2MHeld
Greenwoods Asset Management Hong Kong Ltd.3.97M$450MHeld
NetEase, Inc.3.56M$403.2MHeld
DIMENSIONAL FUND ADVISORS LP3.48M$395.1MHeld
NORTHERN TRUST CORP3.19M$361.7MHeld
Mitsubishi UFJ Trust & Banking Corp3.17M$359.2MHeld
BANK OF AMERICA CORP /DE/3.06M$346.7M$112.4MCut−$17.1M
DEUTSCHE BANK AG\2.78M$314.8MHeld
BARCLAYS PLC2.66M$301.6M−$31.7MAdded$78.8M
Triata Capital Ltd2.56M$290MHeld
Perseverance Asset Management International1.96M$222.5MHeld
Dragoneer Investment Group, LLC1.84M$208.1MHeld
Robeco Institutional Asset Management B.V.1.79M$202.5MHeld
Appaloosa1.77M$201.3MHeld
PRUDENTIAL PLC1.75M$198.6MHeld
IDG China Venture Capital Fund IV Associates L.P.1.75M$198.3MHeld
Nuveen, LLC1.69M$191.3MHeld
Sumitomo Mitsui Trust Group, Inc.1.68M$190.7MHeld
Capital Today Evergreen Fund, L.P.1.63M$185.3MHeld
Swiss National Bank1.55M$176.1MHeld
CITIGROUP INC1.54M$175.1MHeld
Bank of New York Mellon Corp1.49M$168.7MHeld
NATIONAL BANK OF CANADA /FI/1.43M$162MHeld
Boundless Plain Holdings Ltd1.29M$146.8MHeld
MASSACHUSETTS FINANCIAL SERVICES CO /MA/1.26M$142.9MHeld
CHARLES SCHWAB INVESTMENT MANAGEMENT INC1.25M$141.7MHeld
Pictet Asset Management Holding SA1.23M$139.7MHeld
AMERICAN CENTURY COMPANIES INC1.22M$138.6MHeld
California Public Employees Retirement System1.2M$135.6MHeld
Orbis Allan Gray Ltd1.17M$132.5MHeld
FIRST TRUST ADVISORS LP1.16M$131.4MHeld
Russell Investments Group, Ltd.1.07M$122MHeld
ProShare Advisors LLC1.06M$119.7MHeld
NOMURA ASSET MANAGEMENT INTERNATIONAL INC.1.05M$119MHeld
GF FUND MANAGEMENT CO. LTD.1.02M$115.6MHeld
SRS Investment Management, LLC1.02M$115.3MHeld
Aberdeen Group plc1.01M$115MHeld
IvyRock Asset Management (HK) Ltd991.5K$112.4MHeld
ALLIANCEBERNSTEIN L.P.927.8K$105.2MHeld
Walleye Trading LLC885.8K$100.4MHeld
Mitsubishi UFJ Asset Management Co., Ltd.860.9K$99.7MHeld
Green Court Capital Management Ltd857K$99.5MHeld
Evergreen Quality Fund GP, Ltd.863K$97.9MHeld
Anatole Investment Management Ltd837.4K$95MHeld
WELLINGTON MANAGEMENT GROUP LLP810.9K$91.9MHeld
FRANKLIN RESOURCES INC802.5K$91MHeld
LAZARD ASSET MANAGEMENT LLC784.9K$89MHeld
LMR Partners LLP733.6K$83.2MHeld
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND710.7K$80.6MHeld
ROYAL LONDON ASSET MANAGEMENT LTD696.2K$78.9MHeld
Allianz Asset Management GmbH691.1K$78.4MHeld
ROYAL BANK OF CANADA672K$76.2MHeld
SUSQUEHANNA INTERNATIONAL GROUP, LLP666.6K$75.6MHeld
BARINGS LLC654.6K$74.2MHeld
AVIVA PLC641K$72.7MHeld
Pinpoint Asset Management (Singapore) Pte. Ltd.625.8K$71MHeld
True Light Capital Pte. Ltd.602.3K$68.3MHeld
BRILLIANCE ASSET MANAGEMENT LTD595.2K$67.5MHeld
Polar Capital Holdings Plc577.4K$65.5MHeld
Fisher Asset Management, LLC573.2K$65MHeld
Allspring Global Investments Holdings, LLC556.7K$64.4MHeld
Korea Investment CORP554.7K$62.9MHeld
Man Group plc533.7K$60.5MHeld
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.527K$59.8MHeld
Maytree Asset Management Ltd513.1K$58.2MHeld
Charles-Lim Capital Ltd500K$56.7MHeld
Kora Management LP490.6K$55.6MHeld
MANUFACTURERS LIFE INSURANCE COMPANY, THE484.4K$55MHeld
SEI INVESTMENTS CO449.7K$51MHeld
CAT ROCK CAPITAL MANAGEMENT LP445.2K$50.5MHeld
PEAK6 LLC435K$49.3M−$479.4KAdded$46M
MACKENZIE FINANCIAL CORP421.8K$47.9MHeld
Punch Card Management L.P.415K$47.1MHeld
PUBLIC SECTOR PENSION INVESTMENT BOARD414.3K$47MHeld
Capital International, Inc./CA/409.5K$46.4MHeld
OVERSEA-CHINESE BANKING Corp Ltd400.1K$45.4MHeld
Centiva Capital, LP400K$45.4MHeld
NOMURA HOLDINGS INC384.3K$43.6MHeld
MILLENNIUM MANAGEMENT LLC382.6K$43.4MHeld
Polymer Capital Management (HK) LTD378.6K$42.9MHeld
USS Investment Management Ltd375.1K$42.5MHeld
CAUSEWAY CAPITAL MANAGEMENT LLC371.2K$42.1MHeld
MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC370.6K$42MHeld
Mirae Asset Global Investments Co., Ltd.364.3K$41.3MHeld
BANK OF MONTREAL /CAN/350.8K$39.8MHeld
IMC-Chicago, LLC347.6K$39.4MHeld
TB Alternative Assets Ltd.340.2K$38.6MHeld
Balyasny Asset Management L.P.335.4K$38MHeld
VICTORY CAPITAL MANAGEMENT INC333.3K$37.8MHeld
M&G PLC325.5K$36.8MHeld
APG Asset Management N.V.380.4K$36.7MHeld
Citadel315.3K$35.7MHeld
TODD ASSET MANAGEMENT LLC312.3K$35.4MHeld
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM309.2K$35.1MHeld
Maple Rock Capital Partners Inc.306.6K$34.8MHeld
Alpine Investment Management Ltd306.2K$34.7MHeld
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP305.4K$34.6MHeld
Franchise GP Ltd302.5K$34.3MHeld
Zurcher Kantonalbank (Zurich Cantonalbank)286.7K$32.5MHeld
NEOS Investment Management LLC279.4K$31.7MHeld
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp275K$31.2MHeld
Renaissance Technologies273.9K$31.1MHeld
E Fund Management (Hong Kong) Co., Ltd.292.8K$30.3MHeld
Headwater Capital Co Ltd260K$29.5MHeld
AMERIPRISE FINANCIAL INC253.1K$28.7MHeld
EXCHANGE TRADED CONCEPTS, LLC242.7K$27.5MHeld
CREDIT AGRICOLE S A239.8K$27.2MHeld
WCM INVESTMENT MANAGEMENT, LLC228.5K$26MHeld
VOYA INVESTMENT MANAGEMENT LLC225.2K$25.5MHeld
Carrhae Capital LLP222.7K$25.2MHeld
Global X Japan Co., Ltd.222.1K$25.2MHeld
Cable Car Capital, LP220K$24.9MHeld
Connor, Clark & Lunn Investment Management Ltd.216.8K$24.6MHeld
JENNISON ASSOCIATES LLC213.3K$24.2MHeld
Marex Group plc199.6K$22.6M−$217.6KAdded$17.4M
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO197.7K$22.4MHeld
National Pension Service196.8K$22.3MHeld
Parallax Volatility Advisers, L.P.187.9K$21.3MHeld
Yunqi Capital Ltd185.1K$21MHeld
Panview Capital Ltd181.7K$20.6MHeld
KLP KAPITALFORVALTNING AS181.4K$20.6MHeld
JUPITER ASSET MANAGEMENT LTD180.7K$20.5MHeld
Resona Asset Management Co.,Ltd.179.5K$20.4MHeld
Tairen Capital Ltd177.2K$20.1MHeld
GUGGENHEIM CAPITAL LLC159.5K$18.1MHeld
TUDOR INVESTMENT CORP ET AL151.3K$17.2M−$2.47MCut−$255K
CIBC Asset Management Inc150.9K$17.1MHeld
MY.Alpha Management HK Advisors Ltd145.3K$16.5MHeld
Candriam S.C.A.139.8K$15.9MHeld
Orland Properties Ltd138.8K$15.7MHeld
Lansforsakringar Fondforvaltning AB (publ)137.3K$15.6MHeld
Itau Unibanco Holding S.A.136.4K$15.5MHeld
WELLS FARGO & COMPANY/MN135.5K$15.4MHeld
NOMURA ASSET MANAGEMENT CO LTD128.9K$14.6MHeld
HIMENSION CAPITAL (SINGAPORE) PTE. LTD.127.8K$14.5MHeld
PANAGORA ASSET MANAGEMENT INC123.9K$14MHeld
OPTIMAS CAPITAL Ltd120.3K$13.6MHeld
NEUBERGER BERMAN GROUP LLC120.2K$13.6MHeld
Asset Management One Co., Ltd.118.5K$13.5MHeld
PARUS FINANCE (UK) Ltd112.5K$12.8MHeld
Rafferty Asset Management, LLC112K$12.7MHeld
DANSKE BANK A/S109.1K$12.4M$88.3KAdded$11.3M
CANTOR FITZGERALD, L. P.109.1K$12.4M$826.6KAdded$6.99M
NAN FUNG TRINITY (HK) LTD108.1K$12.3MHeld
NISSAY ASSET MANAGEMENT CORP /JAPAN107.8K$12.2MHeld
MACQUARIE GROUP LTD100.4K$11.4MHeld
MIRAE ASSET SECURITIES (USA) INC.100.2K$11.4MHeld
ANTIPODES PARTNERS Ltd98.1K$11.1MHeld
Eurizon Capital SGR S.p.A.96.6K$11MHeld
Tidal Investments LLC96.5K$10.9MHeld
Taikang Asset Management (Hong Kong) Co Ltd95.7K$10.8MHeld
PROFUND ADVISORS LLC94.3K$10.7MHeld
Fideuram Asset Management (Ireland) dac89.2K$10.5MHeld
Swiss Life Asset Management Ltd92.4K$10.5M−$1.32MAdded$1.2M
TD Asset Management Inc86.7K$9.83MHeld
Police & Firemen's Retirement System of New Jersey84K$9.52MHeld
Nearwater Capital Markets, Ltd83.1K$9.42MHeld
AustralianSuper Pty Ltd79.2K$8.98MHeld
Union Bancaire Privee, UBP SA87.2K$8.94MHeld
PLATINUM INVESTMENT MANAGEMENT LTD78.4K$8.89MHeld
Copos Capital S.a r.l.78.3K$8.88MHeld
Orion Porfolio Solutions, LLC77.6K$8.8MHeld
SHELTON CAPITAL MANAGEMENT76.2K$8.64MHeld
Step Capital Management Pte. Ltd.75K$8.5MHeld
Walleye Capital LLC73.2K$8.3MHeld
FACT Capital, LP73.2K$8.3MHeld
RHUMBLINE ADVISERS72.8K$8.25MHeld
BRIGHT VALLEY CAPITAL Ltd72.6K$8.23MHeld
Capitolis Liquid Global Markets LLC72K$8.16MHeld
NEW YORK STATE COMMON RETIREMENT FUND69.2K$7.85MHeld
Banco BTG Pactual S.A.69K$7.82MHeld
DNB Asset Management AS66.8K$7.57MHeld
DYMON ASIA CAPITAL (SINGAPORE) PTE. LTD.64.9K$7.36MHeld
SUMMIT SECURITIES GROUP LLC64.1K$7.27MHeld
Siren, L.L.C.63.4K$7.19MHeld
Rakuten Investment Management, Inc.62.7K$7.16MHeld
Marathon Trading Investment Management LLC63K$7.14MHeld
BAMCO INC /NY/62.4K$7.07MHeld
PRUDENTIAL FINANCIAL INC61K$6.94MHeld
LBP AM SA59K$6.69MHeld
B. Metzler seel. Sohn & Co. AG58.2K$6.6MHeld
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS58.1K$6.59MHeld
Leonteq Securities AG57.8K$6.56M−$504.6KAdded$3.01M
ABS Direct Equity Fund LLC57.5K$6.52MHeld
Vident Advisory, LLC57.3K$6.49MHeld
CastleKnight Management LP56.7K$6.43MHeld
COMGEST GLOBAL INVESTORS S.A.S.55.8K$6.32MHeld
JANE STREET GROUP, LLC55.1K$6.24MHeld
O'SHAUGHNESSY ASSET MANAGEMENT, LLC53.2K$6.03MHeld
Yarbrough Capital, LLC53.2K$6.03MHeld
Quantinno Capital Management LP52.7K$5.98MHeld
Quadrature Capital Ltd50.2K$5.69MHeld
Federation des caisses Desjardins du Quebec50.1K$5.68MHeld
Pacer Advisors, Inc.48.5K$5.5MHeld
SELDON CAPITAL LP48.2K$5.47MHeld
Crake Asset Management LLP46K$5.22MHeld
Sumitomo Mitsui DS Asset Management Company, Ltd45.8K$5.2MHeld
Louisiana State Employees Retirement System44.7K$5.07MHeld
Creative Planning44.6K$5.06MHeld
STRS OHIO41.9K$4.75MHeld
RAYMOND JAMES FINANCIAL INC40.9K$4.64MHeld
Vontobel Holding Ltd.40.8K$4.62MHeld
State of New Jersey Common Pension Fund D40.4K$4.58MHeld
China Universal Asset Management Co., Ltd.40.1K$4.54MHeld
LPL Financial LLC38.8K$4.4MHeld
Hel Ved Capital Management Ltd38.6K$4.38MHeld
Tower Research Capital LLC (TRC)38.3K$4.35MHeld
Varma Mutual Pension Insurance Co37.5K$4.25MHeld
EDMOND DE ROTHSCHILD HOLDING S.A.37.2K$4.21MHeld
Virtus Family Office LLC37.1K$4.21MHeld
Liontrust Investment Partners LLP36.4K$4.13MHeld
Saba Capital Management, L.P.36.3K$4.12MHeld
Ensign Peak Advisors, Inc36.2K$4.1MHeld
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main35.8K$4.06M$3.94MCut−$14.6M
AIA Group Ltd35.5K$4.03MNew
Myriad Asset Management Advisors LLC35.1K$3.98MHeld
Freemont Capital Pte Ltd35K$3.97MHeld
Capula Management Ltd34.4K$3.91MHeld
Mawer Investment Management Ltd.34.4K$3.9MHeld
Crossmark Global Holdings, Inc.32.9K$3.73MHeld
CIBC WORLD MARKETS CORP32.4K$3.68MHeld

Who left

Positions as of Q4 2025. 13F filings arrive up to 45 days after quarter-end and omit shorts. Values are quarter-end marks, as filed. Estimated mark is the price effect on shares still held — not realized P&L or investment advice.