PDD PDD HOLDINGS INC
SPONSORED ADS
CUSIP: 722304102
FIGI: BBG00LBLDDR2
Institutional Holders586
Total Institutional Value$55,262,294,401
Total Shares Held500,449,855
Avg Position$94,304,257
Top 5 Holders %27.4%
Alpha-Weighted Score67.6
New Positions+67
Exited Positions-76
Top 15 Institutional Holders by Value
■ New ■ Increased ■ Decreased ■ Unchanged
Institutional Holders — Q4 25
| Manager | Alpha | Flow | Value | Shares | Change |
|---|---|---|---|---|---|
| BLACKROCK FUNDING, INC. /DE | High Conviction | Market Mover | $4,439,462,523 (8.0%) | 39,152,152 | -6.3% |
| VANGUARD GROUP INC | High Conviction | Market Mover | $3,720,397,336 (6.7%) | 32,810,630 | -13.1% |
| BAILLIE GIFFORD & CO | High Conviction | Significant Flow | $3,518,755,104 (6.4%) | 31,032,323 | -16.3% |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Moderate Conviction | Market Mover | $1,797,106,091 (3.3%) | 15,848,894 | -56.1% |
| FMR LLC | High Conviction | Market Mover | $1,655,239,813 (3.0%) | 14,597,758 | -27.7% |
| JANE STREET GROUP, LLC | Moderate Conviction | Market Mover | $1,612,685,420 (2.9%) | 14,222,466 | -57.2% |
| GOLDMAN SACHS GROUP INC | High Conviction | Market Mover | $1,499,044,302 (2.7%) | 13,220,251 | -21.4% |
| STATE STREET CORP | High Conviction | Market Mover | $1,389,862,050 (2.5%) | 12,257,360 | -13.1% |
| H&H INTERNATIONAL INVESTMENT, LLC | Elite Conviction | Moderate Flow | $1,308,145,733 (2.4%) | 11,536,694 | 15.4% |
| HILLHOUSE CAPITAL ADVISORS, LTD. | High Conviction | Low Flow | $1,215,699,546 (2.2%) | 10,721,400 | 7.1% |
| SC CHINA HOLDING LTD | Elite Conviction | Low Flow | $1,203,727,546 (2.2%) | 11,348,426 | -18.9% |
| UBS Group AG | Moderate Conviction | Market Mover | $1,103,392,761 (2.0%) | 9,730,953 | 9.4% |
| NORGES BANK | High Conviction | Market Mover | $1,065,445,550 (1.9%) | 9,396,292 | -15.6% |
| HIMALAYA CAPITAL MANAGEMENT LLC | Elite Conviction | Low Flow | $1,045,002,240 (1.9%) | 9,216,000 | 71.6% |
| SC US (TTGP), LTD. | Elite Conviction | Low Flow | $1,002,546,302 (1.8%) | 8,841,576 | -14.2% |
| CITADEL ADVISORS LLC | Moderate Conviction | Market Mover | $943,207,728 (1.7%) | 8,318,262 | -36.6% |
| SANDERS CAPITAL, LLC | High Conviction | Moderate Flow | $919,856,759 (1.7%) | 8,112,327 | -14.4% |
| FIRST BEIJING INVESTMENT LTD | Elite Conviction | Minimal Flow | $769,119,267 (1.4%) | 6,782,955 | -5.7% |
| ASSENAGON ASSET MANAGEMENT S.A. | High Conviction | Significant Flow | $762,990,992 (1.4%) | 6,728,909 | 248.2% |
| GEODE CAPITAL MANAGEMENT, LLC | High Conviction | Market Mover | $761,720,218 (1.4%) | 6,759,780 | -9.3% |
| FIL LTD | High Conviction | Significant Flow | $738,854,003 (1.3%) | 6,516,042 | -22.5% |
| KRANE FUNDS ADVISORS LLC | Elite Conviction | Low Flow | $725,464,684 (1.3%) | 6,397,960 | -8.5% |
| WALLEYE TRADING LLC | Moderate Conviction | Significant Flow | $704,277,990 (1.3%) | 6,211,112 | -20.7% |
| Invesco Ltd. | Moderate Conviction | Market Mover | $698,437,951 (1.3%) | 6,159,608 | - |
| MORGAN STANLEY | Moderate Conviction | Market Mover | $674,539,872 (1.2%) | 5,948,846 | -28.1% |
| BNP PARIBAS FINANCIAL MARKETS | Moderate Conviction | Market Mover | $666,560,053 (1.2%) | 5,153,892 | -13.3% |
| JPMORGAN CHASE & CO | High Conviction | Market Mover | $574,744,290 (1.0%) | 5,068,738 | -61.1% |
| CAPITAL RESEARCH & MANAGEMENT CO - DIVISION 3 | High Conviction | Significant Flow | $532,780,490 (1.0%) | 4,698,655 | 3.6% |
| TEMASEK HOLDINGS LTD | High Conviction | Moderate Flow | $530,993,351 (1.0%) | 4,682,894 | -7.6% |
| BARCLAYS PLC | High Conviction | Market Mover | $530,587,528 (1.0%) | 4,679,315 | 33.1% |
| MARSHALL WACE, LLP | Moderate Conviction | Market Mover | $514,729,821 (0.9%) | 4,539,464 | 54.4% |
| DODGE & COX | High Conviction | Significant Flow | $503,428,922 (0.9%) | 4,439,800 | NEW |
| LEGAL & GENERAL GROUP PLC | High Conviction | Market Mover | $470,279,934 (0.9%) | 4,147,464 | -21.4% |
| SCHRODER INVESTMENT MANAGEMENT GROUP | High Conviction | Market Mover | $469,191,606 (0.8%) | 4,137,857 | 157.2% |
| GREENWOODS ASSET MANAGEMENT HONG KONG LTD. | High Conviction | Low Flow | $449,962,135 (0.8%) | 3,968,270 | - |
| SHAW D E & CO INC | Moderate Conviction | Market Mover | $440,406,760 (0.8%) | 3,884,000 | -40.5% |
| NetEase, Inc. | Elite Conviction | Minimal Flow | $403,156,784 (0.7%) | 3,555,488 | -14.2% |
| DIMENSIONAL FUND ADVISORS LP | High Conviction | Market Mover | $395,136,445 (0.7%) | 3,484,692 | -12.7% |
| CENTIVA CAPITAL, LP | Moderate Conviction | Significant Flow | $368,097,957 (0.7%) | 3,246,300 | 67.7% |
| NORTHERN TRUST CORP | High Conviction | Market Mover | $361,668,631 (0.7%) | 3,189,599 | -14.8% |
| MITSUBISHI UFJ TRUST & BANKING CORP | High Conviction | Significant Flow | $359,197,975 (0.6%) | 3,167,810 | 7.7% |
| BREVAN HOWARD CAPITAL MANAGEMENT LP | High Conviction | Significant Flow | $357,405,280 (0.6%) | 197,000 | -84.2% |
| CITIGROUP INC | Moderate Conviction | Market Mover | $354,663,056 (0.6%) | 3,127,816 | -26.0% |
| BANK OF AMERICA CORP /DE/ | Moderate Conviction | Market Mover | $346,717,592 (0.6%) | 3,057,744 | -52.1% |
| LMR PARTNERS LLP | High Conviction | Significant Flow | $330,968,061 (0.6%) | 2,918,847 | 7.2% |
| DEUTSCHE BANK AG\\ | Moderate Conviction | Market Mover | $314,779,371 (0.6%) | 2,776,077 | -11.9% |
| PEAK6 LLC | Moderate Conviction | Significant Flow | $303,459,080 (0.5%) | 2,676,242 | -59.0% |
| Triata Capital Ltd | Elite Conviction | Minimal Flow | $290,017,603 (0.5%) | 2,557,700 | -13.8% |
| MILLENNIUM MANAGEMENT, L.L.C. | Moderate Conviction | Market Mover | $263,648,759 (0.5%) | 2,325,150 | 35.5% |
| PERSEVERANCE ASSET MANAGEMENT INTERNATIONAL | Elite Conviction | Minimal Flow | $222,481,612 (0.4%) | 1,962,092 | 26.3% |
| DRAGONEER INVESTMENT GROUP, LLC | Elite Conviction | Low Flow | $208,119,181 (0.4%) | 1,835,428 | -14.2% |
| BALYASNY ASSET MANAGEMENT LLC | Moderate Conviction | Market Mover | $203,286,052 (0.4%) | 1,793,833 | 3.7% |
| ROBECO INSTITUTIONAL ASSET MANAGEMENT B.V. | High Conviction | Significant Flow | $202,507,286 (0.4%) | 1,785,936 | -5.0% |
| APPALOOSA LP | Elite Conviction | Low Flow | $201,267,250 (0.4%) | 1,775,000 | -15.4% |
| PRUDENTIAL PLC | High Conviction | Moderate Flow | $198,556,661 (0.4%) | 1,751,095 | -3.5% |
| IDG CHINA VENTURE CAPITAL FUND IV ASSOCIATES L.P. | Elite Conviction | Minimal Flow | $198,322,398 (0.4%) | 1,749,029 | -24.9% |
| Nuveen, LLC | High Conviction | Market Mover | $191,334,626 (0.3%) | 1,687,403 | -17.3% |
| SUMITOMO MITSUI TRUST HOLDINGS, INC. | High Conviction | Significant Flow | $190,743,978 (0.3%) | 1,682,194 | -16.1% |
| CAPITAL TODAY EVERGREEN FUND, L.P. | Elite Conviction | Minimal Flow | $185,287,991 (0.3%) | 1,634,077 | -43.8% |
| SWISS NATIONAL BANK | High Conviction | Market Mover | $176,054,303 (0.3%) | 1,552,644 | -16.8% |
| Bank of New York Mellon Corp | High Conviction | Market Mover | $168,732,732 (0.3%) | 1,488,074 | -26.6% |
| NATIONAL BANK OF CANADA /FI/ | Moderate Conviction | Market Mover | $161,988,131 (0.3%) | 1,428,593 | 102.4% |
| PARALLAX VOLATILITY ADVISERS, LLC | Moderate Conviction | Significant Flow | $150,174,170 (0.3%) | 1,324,404 | -5.7% |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | High Conviction | Market Mover | $142,861,421 (0.3%) | 1,259,912 | -13.2% |
| SCHWAB CHARLES INVESTMENT MANAGEMENT INC | High Conviction | Market Mover | $141,659,601 (0.3%) | 1,249,313 | -48.6% |
| PICTET ASSET MANAGEMENT HOLDING SA | High Conviction | Market Mover | $139,677,430 (0.3%) | 1,231,832 | -16.4% |
| TWENTIETH CENTURY COMPANIES INC | High Conviction | Market Mover | $138,636,057 (0.3%) | 1,222,648 | 10.2% |
| CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM | High Conviction | Significant Flow | $135,594,257 (0.2%) | 1,195,822 | -14.1% |
| ORBIS ALLAN GRAY LTD | High Conviction | Moderate Flow | $132,476,599 (0.2%) | 1,168,327 | -85.6% |
| FIRST TRUST ADVISORS LP | High Conviction | Market Mover | $131,411,299 (0.2%) | 1,158,932 | 30.9% |
| QUBE RESEARCH & TECHNOLOGIES LTD | Moderate Conviction | Market Mover | $122,960,116 (0.2%) | 1,084,400 | -19.4% |
| RUSSELL INVESTMENTS GROUP, LTD. | Moderate Conviction | Market Mover | $122,049,971 (0.2%) | 1,074,635 | 12.3% |
| PROSHARE ADVISORS LLC | High Conviction | Significant Flow | $119,740,293 (0.2%) | 1,056,004 | 21.4% |
| GF FUND MANAGEMENT CO. LTD. | High Conviction | Moderate Flow | $115,552,234 (0.2%) | 1,019,069 | 10.2% |
| SRS INVESTMENT MANAGEMENT, LLC | Elite Conviction | Low Flow | $115,301,642 (0.2%) | 1,016,859 | -67.1% |
| STANDARD LIFE ABERDEEN PLC | High Conviction | Significant Flow | $114,963,626 (0.2%) | 1,013,878 | -28.9% |
| IVYROCK ASSET MANAGEMENT (HK) LTD | Elite Conviction | Minimal Flow | $112,427,206 (0.2%) | 991,509 | -17.8% |
| ALLIANCEBERNSTEIN L.P. | High Conviction | Market Mover | $105,202,562 (0.2%) | 927,794 | -19.9% |
| MITSUBISHI UFJ KOKUSAI ASSET MANAGEMENT CO., LTD. | High Conviction | Significant Flow | $99,650,564 (0.2%) | 860,912 | -7.8% |
| GREEN COURT CAPITAL MANAGEMENT LTD | Elite Conviction | Minimal Flow | $99,475,685 (0.2%) | 856,958 | -29.1% |
| EVERGREEN QUALITY FUND GP, LTD. | High Conviction | Low Flow | $97,857,384 (0.2%) | 863,016 | -7.9% |
| ANATOLE INVESTMENT MANAGEMENT LTD | High Conviction | Minimal Flow | $94,956,528 (0.2%) | 837,433 | NEW |
| WELLINGTON MANAGEMENT GROUP LLP | High Conviction | Market Mover | $91,943,756 (0.2%) | 810,863 | -22.2% |
| FRANKLIN RESOURCES INC | High Conviction | Market Mover | $90,999,784 (0.2%) | 802,538 | - |
| POINT72 ASSET MANAGEMENT, L.P. | Moderate Conviction | Market Mover | $89,589,439 (0.2%) | 790,100 | 3.2% |
| LAZARD ASSET MANAGEMENT LLC | High Conviction | Significant Flow | $88,999,606 (0.2%) | 784,898 | -6.2% |
| ROYAL BANK OF CANADA | High Conviction | Market Mover | $83,409,000 (0.2%) | 735,608 | -64.1% |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | High Conviction | Significant Flow | $80,589,788 (0.1%) | 710,731 | 17.0% |
| ROYAL LONDON ASSET MANAGEMENT LTD | High Conviction | Significant Flow | $78,938,943 (0.1%) | 696,172 | -13.2% |
| ALLIANZ ASSET MANAGEMENT GMBH | High Conviction | Significant Flow | $78,368,479 (0.1%) | 691,141 | 9.2% |
| BARINGS LLC | Elite Conviction | Moderate Flow | $74,221,352 (0.1%) | 654,567 | 4.2% |
| CGNU PLC | High Conviction | Significant Flow | $72,685,031 (0.1%) | 641,018 | -15.7% |
| Pinpoint Asset Management (Singapore) Pte. Ltd. | High Conviction | Minimal Flow | $70,960,256 (0.1%) | 625,807 | -13.3% |
| BRILLIANCE ASSET MANAGEMENT LTD | Elite Conviction | Minimal Flow | $67,486,780 (0.1%) | 595,174 | NEW |
| POLAR CAPITAL HOLDINGS PLC | High Conviction | Significant Flow | $65,470,366 (0.1%) | 577,391 | -10.9% |
| FISHER INVESTMENTS INC | High Conviction | Significant Flow | $64,993,407 (0.1%) | 573,184 | -14.6% |
| SQUAREPOINT OPS LLC | Moderate Conviction | Significant Flow | $64,712,807 (0.1%) | 570,710 | -86.4% |
| ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC | Moderate Conviction | Significant Flow | $64,437,215 (0.1%) | 556,693 | 4,031.4% |
| KOREA INVESTMENT CORP | High Conviction | Significant Flow | $62,895,959 (0.1%) | 554,687 | -12.8% |
| MAN GROUP PLC | High Conviction | Significant Flow | $61,645,607 (0.1%) | 543,660 | 1,844.9% |
Implied Institutional Price History
Estimated from 13F aggregate market value ÷ shares reported across all institutional filers. Reflects quarter-end snapshot, not actual trade prices.
| Quarter | Filers | Institutional Value | Shares Held | Est. Avg Price |
|---|---|---|---|---|
| Q4 25 | 577 | $55.28B | 500,668,712 | $110.42 |
| Q3 25 | 566 | $72.14B | 545,416,756 | $132.26 |
| Q2 25 | 542 | $51.15B | 502,485,351 | $101.80 |
| Q1 25 | 589 | $64.04B | 610,985,167 | $104.82 |
| Q4 24 | 592 | $49.22B | 515,819,055 | $95.42 |
| Q3 24 | 616 | $74.87B | 583,091,787 | $128.40 |
| Q2 24 | 653 | $67.32B | 537,141,550 | $125.33 |
| Q1 24 | 584 | $51.60B | 470,946,775 | $109.57 |
Source: SEC 13F-HR filings. Implied price = aggregate market value ÷ shares reported. Not investment advice.