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PDD Holdings Inc. · 13F filings

PDD Institutional Ownership

Holdings as of Jun 30, 2026From SEC Form 13FUpdated

Who owns PDD Holdings Inc. and what the big funds did with it last quarter, from every SEC 13F filing. 511 funds reported holding PDD at Jun 30, 2026.

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Fund sentiment
Neutral
Strongly bearishNeutralStrongly bullish
  • ▼206 buying vs 349 selling
  • ▲Shares held by funds +1.4%
  • ▼Funds holding -58
  • ▼Superinvestors: 2 added, 4 cut
  • ▲Put/call 1.19 to 0.93

What the filings show, not a forecast. Positions can be up to 45 days old and leave out short sales.

Funds holding511−58 vs Q1 2026
Held by funds–of shares outstanding
Value held$33B431M shares
Put/call ratio0.93down from 1.19

Funds holding and ownership

8 quarters
Q3 2024: 607 fundsQ3 '24Q4 2024: 595 fundsQ4 '24Q1 2025: 592 fundsQ1 '25Q2 2025: 548 fundsQ2 '25Q3 2025: 569 fundsQ3 '25Q4 2025: 575 fundsQ4 '25Q1 2026: 569 fundsQ1 '26Q2 2026: 511 fundsQ2 '26
Funds holding

Quarter over quarter

all 13F filers
Q2 2026This quarterQ1 2026Change
Funds holding511569−10.2%
In funds' top 104555−18.2%
13F shares431M425M+1.4%
Held by funds–––
New positions5667−16.4%
Increased150223−32.7%
Reduced235193+21.8%
Sold out11473+56.2%
Calls (shares)7.3M5.5M+32.8%
Puts (shares)7.3M7.4M−1.6%
Put/call ratio0.931.19−22.3%

Buyers vs sellers

adding or new vs cutting or sold out
Q4 2024: 276 buyingQ4 2024: 341 sellingQ4 '24Q1 2025: 318 buyingQ1 2025: 281 sellingQ1 '25Q2 2025: 274 buyingQ2 2025: 318 sellingQ2 '25Q3 2025: 310 buyingQ3 2025: 246 sellingQ3 '25Q4 2025: 303 buyingQ4 2025: 250 sellingQ4 '25Q1 2026: 290 buyingQ1 2026: 266 sellingQ1 '26Q2 2026: 206 buyingQ2 2026: 349 sellingQ2 '26
Buying 206Selling 349latest quarter

Superinvestors in PDD

All superinvestors →

Who owns PDD

share of fund held shares
  • Index and passive funds27.5%
  • Active managers and hedge funds50.5%
  • Banks and brokers18.6%
  • Pensions, insurers and other3.4%

The top 10 holders own 43.2% of all PDD shares that funds reported. Groups are our own grouping of filers by name.

Put/call ratio

funds' options, market makers left out
1.00Q3 2024: 0.83Q3 '24Q4 2024: 0.91Q4 '24Q1 2025: 1.11Q1 '25Q2 2025: 1.06Q2 '25Q3 2025: 1.29Q3 '25Q4 2025: 1.39Q4 '25Q1 2026: 1.19Q1 '26Q2 2026: 0.93Q2 '260.93

Above 1 means funds hold more puts than calls, a sign of hedging or bets on a fall. Options are valued at the underlying shares.

Filed so far for Q3 2026

109 funds changed their position

🔒 Free account: see all 20.

Top holders

Q2 2026
#FundOf companySharesValueChange
1BlackRock, Inc.–32M$2.4B−7.4M
2Baillie Gifford & Co–26.6M$2B−1.8M
3H&H International Investment, LLC–25M$1.9B+5.3M
4Vanguard Capital Management LLC–24.6M$1.9B+521K
5Invesco Ltd.–22.2M$1.7B+1.7M
6Goldman Sachs Group Inc–14M$1.1B+4.3M
7HSG Holding Ltd–11.3M$866M0
8Himalaya Capital Management LLC–10.8M$821M+6.2M
9State Street Corp–10.3M$786M−1.7M
10NetEase, Inc.–9.6M$730M+700K
🔒 15 more top holders. Create a free account or sign in to see them.
Biggest buyers
Biggest sellers

PDD institutional ownership FAQ

Who owns the most PDD stock?

In Q2 2026 13F filings the largest holder of PDD was BlackRock, Inc., followed by Baillie Gifford & Co and H&H International Investment, LLC. Index fund managers are usually the biggest holders of large companies.

What percentage of PDD is owned by institutions?

511 funds reported holding 431M PDD shares at Jun 30, 2026.

Are hedge funds buying PDD?

In Q2 2026, 206 funds bought PDD (56 of them new positions) and 349 sold (114 sold out completely). Among well known investors, 2 added and 4 cut. Our fund sentiment for PDD is neutral.

What is PDD's institutional put/call ratio?

Funds reported $609M of PDD puts against $656M of calls, a put/call ratio of 0.93 (1.19 the quarter before). Market makers and bank trading desks are left out, since their options are mostly hedges.

How current is this PDD ownership data?

13F filings show holdings at the end of each quarter and are due within 45 days, so positions can be up to six weeks old when they appear. We add each new filing within minutes, and the "filed so far" list shows funds that have already reported the next quarter.

For informational and educational purposes only. Not investment advice, and not a recommendation to buy or sell any security. Fund sentiment summarises what 13F filings show and is not a forecast. Holdings come from SEC Form 13F filings as reported and show positions at the end of the quarter, up to 45 days before the filing. A 13F leaves out short positions, cash, bonds and most foreign holdings. See all hedge fund holdings.