PDD · PDD Holdings Inc. · Shareholders & Ownership

$78.88 -2.75 (-3.37%)

Nasdaq-100 member Rebalance outlook locked

Market Cap

$116.19B

1.42B

Volume · Oct 21 6.53M Avg daily vol (3M) 6.16M

Every disclosed holder of PDD in one list: 13F institutions, Schedule 13D and 13G filers, insiders (Forms 3, 4 and 5) and registered funds, each from its own latest filing. Holders nest by CIK and SEC reporting links, never by name, and each is summed once.

How the holder list picks a filing →

Who Owns PDD

13F quarter Sep 30, 2026, combined view: filers that have not filed yet carry their Jun 30, 2026 positions

No chart: shares outstanding cannot be set against these holders.

Holder group	Holders	Shares	% Out	Summed
Institutional (13F)	515	433,013,167	—	Yes
Insiders (Forms 3, 4, 5)	0	0	—	No
13D/G-only blocks	0	0	—	Yes
Registered funds (N-PORT, not summed)	307	72,624,980	—	No

% Out is unavailable: a foreign private issuer reports ordinary shares, a different unit from the listed shares.

Insiders are listed but not summed: the issuer has more than one class of common stock and Forms 3, 4 and 5 report one issuer-wide balance across them.

13D/G-only counts each filer's latest 13D or 13G that no 13F report of the listing contains, that names no 13F filer and that no counted insider files. Funds are never summed: their shares sit inside their advisers' 13F reports.

Holders of PDD

One row per holder Every filing By ultimate parent

All 13F Funds Insiders 13D/G Non-US

#	Holder	Shares	% Out	Change	As of	Notes
1	BlackRock, Inc. 13F CIK 2012383 · Holding company · Jun 30, 2026 carried, not yet filed for the newest quarter	31,969,893	—	-7,438,139	Jun 30, 2026	carried, not yet filed for the newest quarter
1.1	iShares Core MSCI Emerging Markets ETF Fund S000038923 · Registered fund · May 31, 2026 iShares, Inc., not summed	7,872,162	—	-1,407	May 31, 2026	iShares, Inc., not summed
1.2	iShares MSCI China ETF Fund S000031717 · Registered fund · May 31, 2026 iShares Trust, not summed	1,714,274	—	-183,412	May 31, 2026	iShares Trust, not summed
1.3	iShares MSCI Emerging Markets ETF Fund S000004266 · Registered fund · May 31, 2026 iShares, Inc., not summed	1,679,890	—	-153,513	May 31, 2026	iShares, Inc., not summed
1.4	iShares Core MSCI Total International Stock ETF Fund S000038931 · Registered fund · Jul 31, 2026 iShares Trust, not summed	784,120	—	-163,393	Jul 31, 2026	iShares Trust, not summed
1.5	iShares MSCI All Country Asia ex Japan ETF Fund S000022496 · Registered fund · Jul 31, 2026 iShares Trust, not summed	199,483	—	-59,002	Jul 31, 2026	iShares Trust, not summed
2	BAILLIE GIFFORD & CO 13F CIK 1088875 · Investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	26,594,535	—	-1,758,564	Jun 30, 2026	carried, not yet filed for the newest quarter
3	H&H International Investment, LLC 13F CIK 1759760 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	25,022,094	—	+5,273,800	Jun 30, 2026	carried, not yet filed for the newest quarter
4	VANGUARD CAPITAL MANAGEMENT LLC 13F CIK 2100119 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	24,646,256	—	+520,598	Jun 30, 2026	carried, not yet filed for the newest quarter
5	Invesco Ltd. 13F CIK 914208 · Investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	22,228,242	—	+8,210,069	Jun 30, 2026	carried, not yet filed for the newest quarter
5.1	Invesco China Technology ETF Fund S000060828 · Registered fund · Jul 31, 2026 Invesco Exchange-Traded Fund Trust II, not summed	3,832,224	—	+1,511,918	Jul 31, 2026	Invesco Exchange-Traded Fund Trust II, not summed
5.2	Invesco NASDAQ 100 ETF Fund S000069448 · Registered fund · May 31, 2026 Invesco Exchange-Traded Fund Trust II, not summed	2,837,846	—	+297,253	May 31, 2026	Invesco Exchange-Traded Fund Trust II, not summed
5.3	Invesco RAFI Emerging Markets ETF Fund S000015263 · Registered fund · Jul 31, 2026 Invesco Exchange-Traded Fund Trust II, not summed	147,560	—	+30,524	Jul 31, 2026	Invesco Exchange-Traded Fund Trust II, not summed
5.4	Invesco QQQ Income Advantage ETF Fund S000085601 · Registered fund · Jul 31, 2026 Invesco Actively Managed Exchange-Traded Fund Trust, not summed	18,377	—	+1,532	Jul 31, 2026	Invesco Actively Managed Exchange-Traded Fund Trust, not summed
5.5	Invesco MSCI Global Climate 500 ETF Fund S000085579 · Registered fund · Jul 31, 2026 Invesco Exchange-Traded Fund Trust II, not summed	13,374	—	-894	Jul 31, 2026	Invesco Exchange-Traded Fund Trust II, not summed
6	Invesco QQQ Trust, Series 1 Fund S000101292 · Registered fund · Jun 30, 2026 Invesco QQQ Trust, Series 1, not summed	14,178,223	—	+107,682	Jun 30, 2026	Invesco QQQ Trust, Series 1, not summed
7	GOLDMAN SACHS GROUP INC 13F CIK 886982 · Holding company · Jun 30, 2026 carried, not yet filed for the newest quarter	14,006,939	—	+4,301,004	Jun 30, 2026	carried, not yet filed for the newest quarter
7.1	Goldman Sachs Nasdaq-100 Premium Income ETF Fund S000081510 · Registered fund · Jun 30, 2026 Goldman Sachs ETF Trust, not summed	79,150	—	-35,101	Jun 30, 2026	Goldman Sachs ETF Trust, not summed
7.2	Goldman Sachs ActiveBeta(R) Emerging Markets Equity ETF Fund S000048292 · Registered fund · May 31, 2026 Goldman Sachs ETF Trust, not summed	67,156	—	-1,640	May 31, 2026	Goldman Sachs ETF Trust, not summed
7.3	Goldman Sachs Emerging Markets Equity Insights Fund Fund S000018301 · Registered fund · Jul 31, 2026 Goldman Sachs Trust, not summed	15,000	—	0	Jul 31, 2026	Goldman Sachs Trust, not summed
7.4	Goldman Sachs MarketBeta Total International Equity ETF Fund S000078890 · Registered fund · May 29, 2026 Goldman Sachs ETF Trust II, not summed	12,851	—	+1,063	May 29, 2026	Goldman Sachs ETF Trust II, not summed
7.5	Goldman Sachs MarketBeta Emerging Markets Equity ETF Fund S000066533 · Registered fund · May 31, 2026 Goldman Sachs ETF Trust, not summed	7,967	—	-396	May 31, 2026	Goldman Sachs ETF Trust, not summed
8	HSG Holding Ltd 13F CIK 1470766 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	11,348,426	—	0	Jun 30, 2026	carried, not yet filed for the newest quarter
9	Himalaya Capital Management LLC 13F CIK 1709323 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	10,761,119	—	+6,153,119	Jun 30, 2026	carried, not yet filed for the newest quarter
10	STATE STREET CORP 13F CIK 93751 · Bank · Jun 30, 2026 carried, not yet filed for the newest quarter	10,303,417	—	-1,730,280	Jun 30, 2026	carried, not yet filed for the newest quarter
10.1	State Street(R) SPDR(R) Portfolio Emerging Markets ETF Fund S000014048 · Registered fund · Jun 30, 2026 SPDR INDEX SHARES FUNDS, not summed	1,049,158	—	-16,801	Jun 30, 2026	SPDR INDEX SHARES FUNDS, not summed
10.2	State Street Global All Cap Equity ex-U.S. Index Portfolio Fund S000046032 · Registered fund · Jun 30, 2026 STATE STREET INSTITUTIONAL INVESTMENT TRUST, not summed	176,100	—	-22,700	Jun 30, 2026	STATE STREET INSTITUTIONAL INVESTMENT TRUST, not summed
10.3	State Street(R) SPDR(R) S&P(R) China ETF Fund S000014047 · Registered fund · Jun 30, 2026 SPDR INDEX SHARES FUNDS, not summed	101,512	—	-4,044	Jun 30, 2026	SPDR INDEX SHARES FUNDS, not summed
10.4	State Street(R) SPDR(R) MSCI ACWI ex-US ETF Fund S000014042 · Registered fund · Jun 30, 2026 SPDR INDEX SHARES FUNDS, not summed	51,167	—	+2,402	Jun 30, 2026	SPDR INDEX SHARES FUNDS, not summed
10.5	STATE STREET EMERGING MARKETS EQUITY INDEX FUND Fund S000050542 · Registered fund · Jun 30, 2026 STATE STREET INSTITUTIONAL INVESTMENT TRUST, not summed	35,500	—	-6,900	Jun 30, 2026	STATE STREET INSTITUTIONAL INVESTMENT TRUST, not summed
11	NetEase, Inc. 13F CIK 1110646 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	9,566,480	—	+700,000	Jun 30, 2026	carried, not yet filed for the newest quarter
12	First Beijing Investment Ltd 13F CIK 1701717 · Exempt reporting adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	9,377,416	—	+1,228,254	Jun 30, 2026	carried, not yet filed for the newest quarter
13	NORGES BANK 13F CIK 1374170 · Non-US institution · Jun 30, 2026 carried, not yet filed for the newest quarter	9,338,120	—	—	Jun 30, 2026	carried, not yet filed for the newest quarter
14	SC US (TTGP), LTD. 13F CIK 1607841 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	8,841,576	—	0	Jun 30, 2026	carried, not yet filed for the newest quarter
15	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 13F CIK 861177 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	8,726,228	—	+143,225	Jun 30, 2026	carried, not yet filed for the newest quarter
16	Sanders Capital, LLC 13F CIK 1508097 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	7,936,717	—	-155,084	Jun 30, 2026	carried, not yet filed for the newest quarter
17	VANGUARD FIDUCIARY TRUST CO 13F CIK 933478 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	6,658,003	—	+138,198	Jun 30, 2026	carried, not yet filed for the newest quarter
18	GEODE CAPITAL MANAGEMENT, LLC 13F CIK 1214717 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	6,639,259	—	-213,668	Jun 30, 2026	carried, not yet filed for the newest quarter
19	FIL Ltd 13F CIK 318989 · Non-US institution · Jun 30, 2026 carried, not yet filed for the newest quarter	6,292,692	—	-556,579	Jun 30, 2026	carried, not yet filed for the newest quarter
20	JPMORGAN CHASE & CO 13F CIK 19617 · Bank · Jun 30, 2026 carried, not yet filed for the newest quarter	6,017,649	—	-1,893,188	Jun 30, 2026	carried, not yet filed for the newest quarter
21	Krane Funds Advisors LLC 13F CIK 1536592 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	5,780,324	—	+47,140	Jun 30, 2026	carried, not yet filed for the newest quarter
21.1	KraneShares CSI China Internet ETF Fund S000041596 · Registered fund · Jun 30, 2026 Krane Shares Trust, not summed	5,093,422	—	-98,511	Jun 30, 2026	Krane Shares Trust, not summed
21.2	KraneShares Emerging Markets Consumer Technology Index ETF Fund S000056077 · Registered fund · Jun 30, 2026 Krane Shares Trust, not summed	15,674	—	-1,338	Jun 30, 2026	Krane Shares Trust, not summed
21.3	KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF Fund S000095404 · Registered fund · Jun 30, 2026 Krane Shares Trust, not summed	82	—	-1	Jun 30, 2026	Krane Shares Trust, not summed
22	UBS Group AG 13F CIK 1610520 · Bank · Jun 30, 2026 carried, not yet filed for the newest quarter	5,635,629	—	+3,134,090	Jun 30, 2026	carried, not yet filed for the newest quarter
23	MORGAN STANLEY 13F CIK 895421 · Holding company · Jun 30, 2026 carried, not yet filed for the newest quarter	5,483,249	—	-1,905,643	Jun 30, 2026	carried, not yet filed for the newest quarter
23.1	Asia Opportunity Portfolio Fund S000051832 · Registered fund · Jun 30, 2026 MORGAN STANLEY INSTITUTIONAL FUND INC, not summed	21,675	—	-1,310	Jun 30, 2026	MORGAN STANLEY INSTITUTIONAL FUND INC, not summed
23.2	Developing Opportunity Portfolio Fund S000067259 · Registered fund · Jun 30, 2026 MORGAN STANLEY INSTITUTIONAL FUND INC, not summed	3,712	—	-5,400	Jun 30, 2026	MORGAN STANLEY INSTITUTIONAL FUND INC, not summed
24	Orbis Allan Gray Ltd 13F CIK 1663865 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	5,353,562	—	+3,609,514	Jun 30, 2026	carried, not yet filed for the newest quarter
25	JANE STREET GROUP, LLC 13F CIK 1595888 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	4,794,185	—	+4,617,470	Jun 30, 2026	carried, not yet filed for the newest quarter
26	Greenwoods Asset Management Hong Kong Ltd. 13F CIK 1848138 · Exempt reporting adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	4,785,666	—	-318,138	Jun 30, 2026	carried, not yet filed for the newest quarter
27	Mitsubishi UFJ Trust & Banking Corp 13F CIK 1462160 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	4,760,515	—	+1,195,094	Jun 30, 2026	carried, not yet filed for the newest quarter
28	E Fund Management Co., Ltd. 13F CIK 1842296 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	4,715,949	—	+122,896	Jun 30, 2026	carried, not yet filed for the newest quarter
29	Dodge & Cox 13F CIK 200217 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	4,550,000	—	+12,400	Jun 30, 2026	carried, not yet filed for the newest quarter
29.1	Dodge & Cox International Stock Fund Fund S000011203 · Registered fund · Jun 30, 2026 Dodge & Cox Funds, not summed	3,004,100	—	0	Jun 30, 2026	Dodge & Cox Funds, not summed
29.2	Dodge & Cox Global Stock Fund Fund S000022057 · Registered fund · Jun 30, 2026 Dodge & Cox Funds, not summed	653,100	—	0	Jun 30, 2026	Dodge & Cox Funds, not summed
29.3	Dodge & Cox Emerging Markets Stock Fund Fund S000069725 · Registered fund · Jun 30, 2026 Dodge & Cox Funds, not summed	116,600	—	+11,900	Jun 30, 2026	Dodge & Cox Funds, not summed
30	Legal & General Group Plc 13F CIK 764068 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	3,997,575	—	-250,471	Jun 30, 2026	carried, not yet filed for the newest quarter
31	BNP PARIBAS ARBITRAGE, SA 13F CIK 1166588 · Non-US institution · Jun 30, 2026 carried, not yet filed for the newest quarter	3,805,975	—	-748,282	Jun 30, 2026	carried, not yet filed for the newest quarter
32	Temasek Holdings (Private) Ltd 13F CIK 1021944 · Holding company · Jun 30, 2026 carried, not yet filed for the newest quarter	3,622,972	—	-1,303,089	Jun 30, 2026	carried, not yet filed for the newest quarter
33	SG Americas Securities, LLC 13F CIK 1313360 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	3,426,679	—	-2,875,141	Jun 30, 2026	carried, not yet filed for the newest quarter
34	HSBC HOLDINGS PLC 13F CIK 873630 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	3,266,047	—	-317,343	Jun 30, 2026	carried, not yet filed for the newest quarter
35	Triata Capital Ltd 13F CIK 2014039 · Exempt reporting adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	3,211,624	—	+1,129,297	Jun 30, 2026	carried, not yet filed for the newest quarter
36	DIMENSIONAL FUND ADVISORS LP 13F CIK 354204 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	3,174,566	—	-562,663	Jun 30, 2026	carried, not yet filed for the newest quarter
36.1	EMERGING MARKETS CORE EQUITY 2 PORTFOLIO Fund S000000978 · Registered fund · Jul 31, 2026 DFA INVESTMENT DIMENSIONS GROUP INC, not summed	1,069,453	—	-256,644	Jul 31, 2026	DFA INVESTMENT DIMENSIONS GROUP INC, not summed
36.2	Dimensional Emerging Core Equity Market ETF Fund S000069434 · Registered fund · Jul 31, 2026 Dimensional ETF Trust, not summed	420,652	—	-41,083	Jul 31, 2026	Dimensional ETF Trust, not summed
36.3	THE EMERGING MARKETS SERIES Fund S000000992 · Registered fund · Jul 31, 2026 DFA INVESTMENT TRUST CO, not summed	286,964	—	-267,057	Jul 31, 2026	DFA INVESTMENT TRUST CO, not summed
36.4	Dimensional Emerging Markets Core Equity 2 ETF Fund S000075149 · Registered fund · Jul 31, 2026 Dimensional ETF Trust, not summed	263,408	—	-174,204	Jul 31, 2026	Dimensional ETF Trust, not summed
36.5	Dimensional World ex. U.S. Core Equity 2 ETF Fund S000070905 · Registered fund · Jul 31, 2026 Dimensional ETF Trust, not summed	119,515	—	+37,927	Jul 31, 2026	Dimensional ETF Trust, not summed
37	Capital International Investors 13F CIK 1562230 · Investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	3,135,019	—	+1,030,968	Jun 30, 2026	carried, not yet filed for the newest quarter
38	BANK OF AMERICA CORP /DE/ 13F CIK 70858 · Bank · Jun 30, 2026 carried, not yet filed for the newest quarter	3,120,966	—	+534,458	Jun 30, 2026	carried, not yet filed for the newest quarter
39	NATIONAL BANK OF CANADA /FI/ 13F CIK 926171 · Bank · Jun 30, 2026 carried, not yet filed for the newest quarter	2,873,404	—	+1,012,713	Jun 30, 2026	carried, not yet filed for the newest quarter
40	CITIGROUP INC 13F CIK 831001 · Bank · Jun 30, 2026 carried, not yet filed for the newest quarter	2,697,035	—	+1,034,447	Jun 30, 2026	carried, not yet filed for the newest quarter
41	NORTHERN TRUST CORP 13F CIK 73124 · Bank · Jun 30, 2026 carried, not yet filed for the newest quarter	2,683,483	—	-478,063	Jun 30, 2026	carried, not yet filed for the newest quarter
41.1	Emerging Markets Equity Index Fund Fund S000005358 · Registered fund · Jun 30, 2026 Northern Funds, not summed	136,853	—	-33,819	Jun 30, 2026	Northern Funds, not summed
41.2	FlexShares Emerging Markets Quality Low Volatility Index Fund Fund S000065839 · Registered fund · Jul 31, 2026 FlexShares Trust, not summed	305	—	-235	Jul 31, 2026	FlexShares Trust, not summed
42	AustralianSuper Pty Ltd 13F CIK 1694164 · Non-US institution · Jun 30, 2026 carried, not yet filed for the newest quarter	2,627,834	—	+1,454,534	Jun 30, 2026	carried, not yet filed for the newest quarter
43	Assenagon Asset Management S.A. 13F CIK 1546007 · Unknown · Sep 30, 2026	2,603,372	—	+2,603,372	Sep 30, 2026
44	HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 13F CIK 1535845 · Non-US institution · Jun 30, 2026 carried, not yet filed for the newest quarter	2,485,298	—	+875,928	Jun 30, 2026	carried, not yet filed for the newest quarter
45	DEUTSCHE BANK AG\ 13F CIK 948046 · Non-US institution · Jun 30, 2026 carried, not yet filed for the newest quarter	2,353,277	—	+352,783	Jun 30, 2026	carried, not yet filed for the newest quarter
45.1	Xtrackers MSCI Emerging Markets Climate Selection ETF Fund S000060054 · Registered fund · May 29, 2026 DBX ETF Trust, not summed	89,218	—	-7,473	May 29, 2026	DBX ETF Trust, not summed
45.2	Xtrackers MSCI Emerging Markets Hedged Equity ETF Fund S000030998 · Registered fund · May 29, 2026 DBX ETF Trust, not summed	4,652	—	-937	May 29, 2026	DBX ETF Trust, not summed
45.3	Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF Fund S000060056 · Registered fund · May 29, 2026 DBX ETF Trust, not summed	4,587	—	-716	May 29, 2026	DBX ETF Trust, not summed
45.4	Xtrackers MSCI All World ex US Hedged Equity ETF Fund S000043730 · Registered fund · May 29, 2026 DBX ETF Trust, not summed	3,979	—	-666	May 29, 2026	DBX ETF Trust, not summed
46	VANGUARD ASSET MANAGEMENT, Ltd 13F CIK 1680208 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	2,172,283	—	-135,185	Jun 30, 2026	carried, not yet filed for the newest quarter
47	Perseverance Asset Management International 13F CIK 1802695 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	2,163,479	—	+1,803	Jun 30, 2026	carried, not yet filed for the newest quarter
48	Avantis Emerging Markets Equity ETF Fund S000066454 · Registered fund · May 31, 2026 American Century ETF Trust, not summed	2,161,659	—	+179,521	May 31, 2026	American Century ETF Trust, not summed
49	Capula Management Ltd 13F CIK 1557017 · Exempt reporting adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	1,914,949	—	+1,897,365	Jun 30, 2026	carried, not yet filed for the newest quarter
50	BARCLAYS PLC 13F CIK 312069 · Bank · Jun 30, 2026 carried, not yet filed for the newest quarter	1,762,588	—	-497,375	Jun 30, 2026	carried, not yet filed for the newest quarter

30 more nested rows are not shown here; Every filing lists them all.

Shares are restated onto today's split basis. Change compares each row with the same holder's previous filing in the same source; a dash means there is none to compare. Nested 13D/G, insider and fund rows are not summed, since a 13F report already holds them.

Showing 1–50 of 628 holders

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Key facts CIK 1737806 CUSIP 722304102 13F (30d) 69 filings 54 filers Visit website Investor relations