PDD — PDD HOLDINGS INC
Index member: Invesco QQQ Trust
As of Q2 2026, 44 SEC-registered investment managers reported holding PDD (PDD HOLDINGS INC) in their latest 13F filings, with a combined reported value of $17.07B across 224.52M shares. That is +7.9% by share count (+16.48M shares) versus the previous quarter, while reported value moved -18.3%. Ownership is concentrated: the five largest holders account for 54.3% of reported value and the top ten for 75.5%.
Compared with the prior quarter, 2 opened new positions, 17 added to existing stakes, 24 trimmed, 4 exited entirely. 13F holdings are quarter-end snapshots, so these moves reflect positioning as of Q2 2026, not real-time trading.
PDD is a constituent of the Invesco QQQ Trust and is classified in the Consumer Discretionary sector.
All figures on this page are computed from SEC Form 13F quarterly filings. 13F filers disclose long positions of $100,000 or more within 45 days of quarter end; short positions, options overlays and intra-quarter trades are not included, so treat the numbers as a quarterly snapshot of institutional ownership rather than real-time positioning.
| Fund | Quarter | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|---|
| Vanguard Group history | Q4 2025 | 32.81M | $3.72B | 0.05% | Add |
| BlackRock Inc history | Q2 2026 | 31.97M | $2.44B | 0.04% | Reduce |
| Baillie Gifford & Co history | Q2 2026 | 26.59M | $2.03B | 1.84% | Reduce |
| H&H International Investment history | Q2 2026 | 25.02M | $1.91B | 9.99% | Add |
| Invesco Ltd history | Q2 2026 | 22.23M | $1.70B | 0.14% | Add |
| Goldman Sachs Group history | Q2 2026 | 15.61M | $1.19B | 0.11% | Add |
| Citadel Advisors history | Q2 2026 | 10.82M | $825.14M | 0.10% | Add |
| Himalaya Capital history | Q2 2026 | 10.76M | $820.86M | 22.17% | Add |
| UBS Group AG history | Q2 2026 | 9.97M | $760.38M | 0.10% | Add |
| Norges Bank Investment Management history | Q2 2026 | 9.34M | $712.31M | 0.07% | Reduce |
| Tiger Global Management history | Q1 2025 | 4.42M | $522.60M | 1.97% | Add |
| Geode Capital Management history | Q2 2026 | 6.64M | $504.12M | 0.03% | Reduce |
| Fidelity International (FIL) history | Q2 2026 | 6.29M | $480.01M | 0.34% | Reduce |
| Morgan Stanley history | Q2 2026 | 5.48M | $418.26M | 0.02% | Reduce |
| Greenwoods Asset Management history | Q2 2026 | 4.79M | $365.05M | 16.70% | Reduce |
| Dodge & Cox history | Q2 2026 | 4.55M | $347.07M | 0.18% | Hold |
| CPP Investments history | Q2 2023 | 4.96M | $343.13M | 0.53% | Add |
| Legal & General Investment Management America history | Q2 2026 | 4.00M | $304.93M | 0.06% | Reduce |
| Temasek Holdings history | Q2 2026 | 3.62M | $276.36M | 0.78% | Reduce |
| Citigroup Inc history | Q2 2026 | 3.37M | $257.30M | 0.09% | Add |
New Positions (Q2 2026)
- JPMorgan Chase & Co 53.30K sh · $4.08M
- AQR Capital Management 3.69K sh · $281.33K
Fully Exited (vs previous quarter)
- Renaissance Technologies sold 1.11M sh · $113.70M
- Appaloosa Management sold 900.00K sh · $91.96M
- Causeway Capital Management sold 237.01K sh · $24.22M
- Baron Funds sold 61.95K sh · $6.33M
Fund Position History — shares by quarter (top 20 funds)
| Fund | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BlackRock Inc | — | — | — | — | — | — | — | — | — | — | — | — | 33.01M | 32.90M | 33.40M | 33.30M | 35.84M | 39.15M | 39.41M | 31.97M |
| Baillie Gifford & Co | 27.49M | 29.10M | 29.09M | 28.10M | 28.21M | 28.63M | 28.19M | 31.17M | 35.67M | 37.96M | 34.78M | 35.13M | 36.12M | 38.06M | 40.05M | 34.37M | 31.80M | 31.03M | 28.35M | 26.59M |
| H&H International Investment | — | — | — | — | — | — | — | — | 150.00K | — | 110.00K | 103.00K | 3.91M | 7.23M | 7.75M | 8.66M | 8.57M | 11.54M | 19.75M | 25.02M |
| Invesco Ltd | 15.83M | 15.78M | 2.18M | 2.45M | 2.60M | 2.17M | 2.25M | 6.97M | 7.35M | 4.66M | 5.03M | 5.42M | 4.67M | 3.66M | 5.30M | 3.96M | 5.28M | 6.16M | 6.48M | 22.23M |
| Goldman Sachs Group | 5.36M | 6.64M | 6.12M | 5.96M | 6.23M | 16.75M | 8.82M | 4.27M | 1.27M | 12.04M | 17.14M | 2.50M | 19.59M | 2.50M | 500.00K | 500.00K | 5.01M | 13.22M | 12.79M | 15.61M |
| Citadel Advisors | 4.90M | 3.01M | 6.22M | 5.26M | 4.61M | 4.40M | 4.06M | 3.14M | 4.38M | 5.38M | 5.85M | 11.08M | 16.20M | 13.66M | 12.88M | 9.74M | 11.25M | 8.32M | 8.60M | 10.82M |
| Himalaya Capital | 363.17K | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 4.61M | 4.61M | 4.61M | 4.61M | 10.76M |
| UBS Group AG | 4.36M | 3.64M | 1.91M | 1.51M | 1.75M | 2.47M | 1.00M | 10.84M | 10.44M | 4.22M | 6.20M | 1.00K | 1.90M | 701.50K | 16.01M | 2.76M | 1.50K | 9.73M | 9.04M | 9.97M |
| Norges Bank Investment Management | — | — | — | — | — | 6.14M | — | — | — | 7.35M | — | 10.33M | — | 8.37M | — | 9.20M | — | 9.40M | — | 9.34M |
| Geode Capital Management | 1.90M | 2.08M | 2.19M | 2.22M | 2.63M | 2.67M | 2.84M | 2.99M | 3.58M | 3.84M | 4.03M | 4.17M | 4.69M | 5.79M | 5.99M | 6.23M | 6.40M | 6.76M | 6.85M | 6.64M |
| Fidelity International (FIL) | 20.66K | 29.74K | 15.35K | 11.37K | 3.02M | 4.50M | 4.44M | 3.16M | 5.50M | 4.06M | 3.13M | 5.30M | 4.63M | 7.98M | 7.37M | 3.56M | 7.21M | 6.52M | 6.85M | 6.29M |
| Morgan Stanley | 4.27M | 4.63M | 5.59M | 7.37M | 6.53M | 7.08M | 300.00K | 500.00K | 150.00K | 3.84M | 8.20M | 9.27M | 12.77M | 11.66M | 11.64M | 12.18M | 9.55M | 5.95M | 7.39M | 5.48M |
| Greenwoods Asset Management | 2.01M | 2.71M | 1.77M | 2.01M | 3.24M | 5.58M | 4.24M | 4.70M | 5.16M | 4.74M | 3.63M | 5.21M | 4.52M | 4.64M | 4.64M | 3.22M | 3.36M | 3.97M | 5.10M | 4.79M |
| Dodge & Cox | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 4.44M | 4.54M | 4.55M |
| Legal & General Investment Management America | 2.35M | 3.06M | 3.14M | 3.63M | 3.83M | 3.66M | 3.83M | 3.84M | 3.67M | 4.77M | 4.71M | 5.33M | 5.93M | 4.20M | 4.26M | 4.47M | 4.53M | 4.15M | 4.25M | 4.00M |
| Temasek Holdings | 26.68K | 2.12M | 2.45M | 2.45M | 2.72M | 2.72M | 2.72M | 141.00K | — | — | — | — | 111.06K | 1.05M | 1.13M | 1.45M | 4.35M | 4.68M | 4.93M | 3.62M |
| Citigroup Inc | 1.01M | 868.68K | 886.68K | 428.67K | 378.26K | 450.40K | 581.00K | 663.60K | 550.00K | 4.00K | 21.00K | 21.00K | 9.99M | 7.00M | 4.57M | 3.54M | 1.74M | 3.13M | 2.36M | 3.37M |
| Bank of America Corp | 2.28M | 703.05K | 1.01M | 1.07M | 956.91K | 1.87M | 12.07M | 12.07M | 1.67M | 1.17M | 4.08M | 13.13M | 900 | 600 | 1.60M | 600 | 2.01M | 3.06M | 2.59M | 3.12M |
| Northern Trust Corp | 1.42M | 1.32M | 1.39M | 1.49M | 1.70M | 1.69M | 2.08M | 1.77M | 2.01M | 1.14M | 1.16M | 1.17M | 1.14M | 3.24M | 3.21M | 3.15M | 3.21M | 3.19M | 3.16M | 2.68M |
| Deutsche Bank AG | 1.46M | 1.19M | 1.29M | 2.77M | 1.32M | 1.83M | 2.88M | 1.61M | 1.37M | 1.33M | 1.14M | 890.00K | 960.00K | 70.00K | 2.96M | 2.95M | 2.70M | 2.78M | 2.00M | 2.35M |
▲ Bought Low (fund opened/added, stock rose ≥5% next quarter) ▼ Sold High (fund reduced, stock fell ≥5% next quarter)
Drag / scroll to zoom · Default shows the most recent year · Annotations come from quarterly fund actions in 13F filings · Hover a marker for details