PDD Holdings Inc. (PDD) shareholders
PDDNasdaqServices-Business Services, NECFiscal year ends December 31
$78.97+1.44 (+1.86%)
Close on Nov 13, 2026Market cap $112.41BP/E 8.0Yield –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
7.6%
431M of 5.69B shares
Institutional holders
509
62 new, 114 sold out
Net institutional buying
6M
In Q2 2026
Insider trades, 12 months
0 buys · 3 sales
Net sold $348.35K
Shares held by institutions
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of PDD | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 31,969,893 | 0.56% | $2.44B | −7,438,139 | 0.04% |
| Baillie Gifford & Co | 26,594,535 | 0.47% | $2.03B | −1,758,564 | 1.84% |
| H&H International Investment, LLC | 25,022,094 | 0.44% | $1.91B | +5,273,800 | 9.99% |
| Vanguard Capital Management LLC | 24,646,256 | 0.43% | $1.88B | +520,598 | 0.04% |
| Invesco Ltd. | 22,228,242 | 0.39% | $1.70B | +1,729,817 | 0.13% |
| Goldman Sachs Group Inc | 14,006,939 | 0.25% | $1.07B | +4,301,004 | 0.09% |
| HSG Holding Ltd | 11,348,426 | 0.20% | $865.66M | – | 69.64% |
| Himalaya Capital Management LLC | 10,761,119 | 0.19% | $820.86M | +6,153,119 | 22.17% |
| State Street Corp | 10,303,417 | 0.18% | $785.94M | −1,730,280 | 0.02% |
| NetEase, Inc. | 9,566,480 | 0.17% | $729.73M | +700,000 | 95.34% |
| First Beijing Investment Ltd | 9,377,416 | 0.16% | $715.31M | +1,228,254 | 29.27% |
| Norges Bank | 9,338,120 | 0.16% | $712.31M | New | 0.07% |
| Sc US (Ttgp), Ltd. | 8,841,576 | 0.16% | $674.44M | – | 2.11% |
| UBS Asset Management Americas Inc | 8,726,228 | 0.15% | $665.64M | +143,225 | 0.12% |
| Sanders Capital, LLC | 7,936,717 | 0.14% | $605.41M | −155,084 | 0.61% |
| Vanguard Fiduciary Trust Co | 6,658,003 | 0.12% | $507.87M | +138,198 | 0.11% |
| Geode Capital Management, LLC | 6,639,259 | 0.12% | $504.12M | −213,668 | 0.03% |
| FIL Ltd | 6,292,692 | 0.11% | $480.01M | −556,579 | 0.34% |
| JPMorgan Chase & Co | 6,017,649 | 0.11% | $460.59M | −1,893,188 | 0.03% |
| Krane Funds Advisors LLC | 5,780,324 | 0.10% | $440.92M | +47,140 | 15.63% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 509 | 431M | 7.6% | 62 / 150 | 235 / 114 | 64M | 58M |
| Q1 2026 | 568 | 425M | 7.5% | 79 / 223 | 193 / 73 | 89M | 74M |
| Q4 2025 | 574 | 443M | 7.8% | 101 / 231 | 172 / 72 | 79M | 47M |
| Q3 2025 | 559 | 414M | 7.3% | 93 / 220 | 176 / 66 | 60M | 54M |
| Q2 2025 | 537 | 411M | 7.2% | 74 / 201 | 203 / 113 | 53M | 97M |
| Q1 2025 | 584 | 456M | 8.0% | 99 / 226 | 186 / 94 | 87M | 28M |
| Q4 2024 | 587 | 401M | 7.0% | 114 / 194 | 225 / 118 | 50M | 80M |
| Q3 2024 | 602 | 432M | 7.6% | 100 / 236 | 224 / 138 | 89M | 70M |
| Q2 2024 | 646 | 442M | 7.8% | 147 / 284 | 171 / 69 | 87M | 54M |
| Q1 2024 | 576 | 410M | 7.2% | 99 / 223 | 203 / 96 | 57M | 48M |
| Q4 2023 | 583 | 402M | 7.1% | 158 / 218 | 154 / 39 | 68M | 34M |
| Q3 2023 | 472 | 368M | 6.5% | 88 / 212 | 123 / 64 | 77M | 44M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
293 funds held PDD in Q2 2026, 48% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| Fund | Shares | % of PDD | Value | % of fund | As of |
|---|---|---|---|---|---|
| Invesco QQQ Trust, Series 1 | 14,178,223 | 0.25% | $1.08B | 0.22% | Jun 30, 2026 |
| Vanguard Total International Stock Index Fund | 11,350,234 | 0.20% | $1.01B | 0.16% | Jul 31, 2026 |
| Vanguard Emerging Markets Stock Index Fund | 10,821,460 | 0.19% | $958.35M | 0.59% | Jul 31, 2026 |
| iShares Core MSCI Emerging Markets ETF | 7,872,162 | 0.14% | $664.73M | 0.41% | May 31, 2026 |
| KraneShares CSI China Internet ETF | 5,093,422 | 0.09% | $388.53M | 7.92% | Jun 30, 2026 |
| Invesco China Technology ETF | 3,832,224 | 0.07% | $339.38M | 11.12% | Jul 31, 2026 |
| Vanguard International Growth Fund | 3,509,988 | 0.06% | $296.38M | 0.67% | May 31, 2026 |
| Dodge & Cox International Stock Fund | 3,004,100 | 0.05% | $229.15M | 0.34% | Jun 30, 2026 |
| Invesco NASDAQ 100 ETF | 2,837,846 | 0.05% | $239.63M | 0.25% | May 31, 2026 |
| Fidelity SAI Emerging Markets Value Index Fund | 2,163,808 | 0.04% | $191.63M | 1.59% | Jul 31, 2026 |
| Avantis Emerging Markets Equity ETF | 2,161,659 | 0.04% | $182.53M | 0.70% | May 31, 2026 |
| Vanguard Ftse All-World Ex-US Index Fund | 1,838,118 | 0.03% | $162.78M | 0.17% | Jul 31, 2026 |
| iShares MSCI China ETF | 1,714,274 | 0.03% | $144.75M | 2.28% | May 31, 2026 |
| iShares MSCI Emerging Markets ETF | 1,679,890 | 0.03% | $141.85M | 0.47% | May 31, 2026 |
| EUPAC Fund | 1,341,080 | 0.02% | $102.30M | 0.07% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Jiazhen Zhao | Co-Chief Executive Officer, Director | 64 | 0.00% | Jul 2, 2026 |
| Lei (LC) Chen | Co-Chief Executive Office, Director | – | – | Mar 18, 2026 |
| Mi Wang | SVP of Engineering | – | – | Jul 2, 2026 |
| Jiong Li | Financial Director | – | – | Mar 18, 2026 |
| Junyun Xiao | SVP of Operation | – | – | Mar 18, 2026 |
| Zhenwei Zheng | SVP of Product Development | 281,739 | 0.00% | Mar 18, 2026 |
| Jun Liu | VP of Finance | – | – | Mar 18, 2026 |
| Anthony Ping Leung Kam | Director | 0 | – | Sep 4, 2026 |
| George Yong-Boon Yeo | Director | 27,212 | 0.00% | Aug 4, 2026 |
| Ivonne MCM Rietjens | Director | 0 | – | Apr 1, 2026 |
| Haifeng Lin | Director | 36,982 | 0.00% | Mar 18, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Anthony Ping Leung Kam Director | Sep 3, 2026 | Sale | −1,705 | $82.20 | $140.15K | 0 |
| Anthony Ping Leung Kam Director | Sep 1, 2026 | Option exercise | +1,705 | – | – | 1,705 |
| George Yong-Boon Yeo Director | Aug 1, 2026 | Option exercise | +1,584 | – | – | 27,212 |
| Ivonne MCM Rietjens Director | Mar 30, 2026 | Sale | −560 | $99.59 | $55.77K | 0 |
| Anthony Ping Leung Kam Director | Mar 30, 2026 | Sale | −1,533 | $99.43 | $152.43K | 0 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Short interest
Shares sold short and not yet bought back, as of Oct 30, 2026 (FINRA, reported twice a month)
Short % of shares outstanding
–
28M shares short
Days to cover
6.1
At 5M shares a day
Change since last report
-11.4%
From 32M shares
Short volume, 20 days
52.2%
Of volume reported to FINRA
Shares sold short, last 12 months
Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of PDD's stock actually held short. Settlement fails (shares not delivered on time) peaked at 38,152 shares on Sep 1, 2026 over the last 90 days.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Anthony Ping Leung Kam Director | Sep 3, 2026 | 1,705 | $140.24K | Sep 3, 2026 | ACQUIRED STOCK UNDER COMPANY SHARE INCENTIVE PLAN |
| Anthony Ping Leung Kam Director | Mar 30, 2026 | 1,533 | $153.01K | Mar 30, 2026 | ACQUIRED STOCK UNDER COMPANY SHARE INCENTIVE PLAN |
| Ivonne MCM Rietjens Director, NON EXECUTIVE DIRECTOR | Mar 30, 2026 | 560 | $55.89K | Mar 30, 2026 | ACQUIRED STOCK UNDER COMPANY SHARE INCENTIVE PLAN |
| Jiazhen Zhao Officer | Sep 23, 2025 | 40,000 | $5.14M | Sep 23, 2025 | ACQUIRED STOCK UNDER COMPANY SHARE INCENTIVE PLAN |
| Anthony Ping Leung Kam Director | Sep 3, 2025 | 2,127 | $258.83K | Sep 3, 2025 | ACQUIRED STOCK UNDER COMPANY SHARE INCENTIVE PLAN |
| Anthony Ping Leung Kam Director | Mar 25, 2025 | 1,553 | $198.97K | Mar 25, 2025 | ACQUIRED STOCK UNDER COMPANY SHARE INCENTIVE PLAN |
| Jiazhen Zhao Officer | Dec 30, 2024 | 40,000 | $3.90M | Dec 30, 2024 | ACQUIRED STOCK UNDER COMPANY SHARE INCENTIVE PLAN |
| Jiazhen Zhao Officer | Dec 9, 2024 | 16 | $1.60K | Dec 9, 2024 | ACQUIRED STOCK UNDER COMPANY SHARE INCENTIVE PLAN |
| Anthony Ping Leung Kam Director | Sep 25, 2024 | 2,343 | $266.63K | Sep 25, 2024 | ACQUIRED STOCK UNDER COMPANY SHARE INCENTIVE PLAN |
| Jiazhen Zhao Officer | Mar 27, 2024 | 20,000 | $2.40M | Mar 27, 2024 | ACQUIRED STOCK UNDER COMPANY SHARE INCENTIVE PLAN |
| Zhenwei Zheng Officer | Mar 26, 2024 | 170,101 | $20.39M | Mar 26, 2024 | ACQUIRED STOCK UNDER COMPANY SHARE INCENTIVE PLAN |
| Anthony Ping Leung Kam Director | Mar 25, 2024 | 2,392 | $294.19K | Mar 25, 2024 | ACQUIRED STOCK UNDER COMPANY SHARE INCENTIVE PLAN |
| Jiazhen Zhao Officer | Dec 8, 2023 | 15 | $2.10K | Dec 8, 2023 | ACQUIRED STOCK UNDER COMPANY SHARE INCENTIVE PLAN |
| Junyun Xiao Officer | Dec 7, 2023 | 49,000 | $6.96M | Dec 7, 2023 | ACQUIRED STOCK UNDER COMPANY SHARE INCENTIVE PLAN |
| Jun Liu Officer | Dec 1, 2023 | 10,146 | $1.50M | Dec 1, 2023 | ACQUIRED STOCK UNDER COMPANY SHARE INCENTIVE PLAN |
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