Mar 31, 2026 filings. Quarterly 13F reports arrive up to 45 days after quarter end; this register is filed through May 29, 2026.
544 institutional managers reported holding PDD for the quarter ended Mar 31, 2026. Together they hold about 7% of shares outstanding; the top 10 hold 3%. 67 opened new positions; 86 closed out. Complete ranked register from SEC 13F filings.
| manager | shares | % out | value (Mar 31, 2026 close) | change | held since |
|---|---|---|---|---|---|
| BlackRock | 39.41M | 0.67% | $4.03B | added +0.7% | 2018 Q3 |
| Vanguard Group | 33.13M | 0.56% | $3.39B | added +0.9% | 2018 Q3 |
| Baillie Gifford | 28.35M | 0.48% | $2.90B | trimmed -8.6% | 2018 Q3 |
| H&H International Investment, LLC (focused) | 19.75M | 0.33% | $2.02B | added +71.2% | 2023 Q3 |
| State Street | 12.03M | 0.20% | $1.23B | trimmed -1.8% | 2018 Q3 |
| HSG Holding LTD (focused) | 11.35M | 0.19% | $1.16B | unchanged | 2018 Q3 |
| UBS | 11.08M | 0.19% | $1.13B | added +167.2% | 2018 Q3 |
| Goldman Sachs | 9.71M | 0.16% | $992.0M | added +10% | 2018 Q3 |
| NetEase, INC. (focused) | 8.87M | 0.15% | $906.2M | added +149.4% | 2025 Q2 |
| SC US (TTGP), LTD. (focused) | 8.84M | 0.15% | $903.7M | unchanged | 2018 Q3 |
| First Beijing Investment LTD (focused) | 8.15M | 0.14% | $832.9M | added +20.1% | 2023 Q2 |
| Sanders Capital, LLC (focused) | 8.09M | 0.14% | $827.0M | unchanged | 2024 Q4 |
| Morgan Stanley | 7.39M | 0.13% | $755.2M | added +24.2% | 2018 Q3 |
| Geode Capital | 6.85M | 0.12% | $700.4M | added +1.4% | 2018 Q3 |
| FIL LTD | 6.85M | 0.12% | $700.0M | added +5.1% | 2020 Q4 |
| Invesco | 6.48M | 0.11% | $662.3M | added +5.2% | 2018 Q4 |
| SG Americas Securities, LLC | 6.30M | 0.11% | $644.1M | added +94.6% | 2019 Q1 |
| FMR (Fidelity) | 6.30M | 0.11% | $644.1M | trimmed -56.8% | 2018 Q3 |
| Krane Funds Advisors LLC | 5.73M | 0.10% | $586.0M | trimmed -10.4% | 2018 Q4 |
| Greenwoods Asset Management Hong Kong LTD. (focused) | 5.10M | 0.09% | $521.6M | added +28.6% | 2018 Q4 |
| BNP Paribas Financial Markets | 4.95M | 0.08% | $506.3M | trimmed -12.3% | 2018 Q4 |
| Temasek Holdings | 4.93M | 0.08% | $503.5M | added +5.2% | 2024 Q3 |
| Himalaya Capital Management LLC (focused) | 4.61M | 0.08% | $471.0M | unchanged | 2025 Q2 |
| E Fund Management CO., LTD. | 4.59M | 0.08% | $469.4M | opened | 2026 Q1 |
| Dodge & Cox | 4.54M | 0.08% | $463.8M | added +2.2% | 2025 Q4 |
| Mitsubishi UFJ Asset Management CO., LTD. | 4.51M | 0.08% | $460.7M | added +11.9% | 2019 Q1 |
| Legal & General Group PLC | 4.25M | 0.07% | $434.2M | added +2.4% | 2018 Q3 |
| HHLR Advisors (Hillhouse) (focused) | 4.17M | 0.07% | $425.7M | trimmed -61.2% | 2018 Q4 |
| Dimensional Fund Advisors | 3.74M | 0.06% | $382.0M | added +7.2% | 2020 Q1 |
| Hsbc Holdings PLC | 3.58M | 0.06% | $366.2M | trimmed -23.3% | 2018 Q3 |
| T. Rowe Price | 3.36M | 0.06% | $343.6M | added +3% | 2019 Q3 |
| Northern Trust | 3.16M | 0.05% | $323.1M | trimmed -0.9% | 2018 Q3 |
| Schroder Investment Management Group | 2.99M | 0.05% | $305.3M | trimmed -27.8% | 2019 Q3 |
| Bank OF America CORP /DE/ | 2.59M | 0.04% | $264.4M | trimmed -15.4% | 2018 Q3 |
| Robeco Institutional Asset Management B.v. | 2.49M | 0.04% | $254.8M | added +39.6% | 2022 Q4 |
| Barclays PLC | 2.26M | 0.04% | $231.0M | trimmed -15% | 2018 Q3 |
| Assenagon Asset Management S.a. | 2.19M | 0.04% | $224.2M | trimmed -67.4% | 2020 Q1 |
| Perseverance Asset Management International (focused) | 2.16M | 0.04% | $220.9M | added +10.2% | 2020 Q1 |
| Capital International Investors | 2.10M | 0.04% | $215.0M | trimmed -55.2% | 2024 Q4 |
| American Century Companies INC | 2.09M | 0.04% | $213.6M | added +70.9% | 2020 Q2 |
| Triata Capital LTD (focused) | 2.08M | 0.04% | $212.8M | trimmed -18.6% | 2024 Q4 |
| Deutsche Bank AG\ | 2.00M | 0.03% | $204.5M | trimmed -27.9% | 2018 Q3 |
| National Bank OF Canada /FI/ | 1.86M | 0.03% | $190.2M | added +30.2% | 2021 Q4 |
| IDG China Venture Capital Fund IV Associates L.p. (focused) | 1.75M | 0.03% | $178.8M | unchanged | 2019 Q4 |
| MFS Investment Management | 1.75M | 0.03% | $178.7M | added +38.8% | 2020 Q4 |
| Orbis Allan Gray LTD | 1.74M | 0.03% | $178.3M | added +49.3% | 2024 Q4 |
| Sumitomo Mitsui Trust Group, INC. | 1.70M | 0.03% | $174.0M | added +1.2% | 2018 Q4 |
| Citigroup INC | 1.66M | 0.03% | $169.9M | added +7.7% | 2018 Q3 |
| Prudential PLC | 1.62M | 0.03% | $165.6M | trimmed -7.5% | 2020 Q4 |
| Healthcare OF Ontario Pension Plan Trust Fund | 1.61M | 0.03% | $164.5M | added +126.4% | 2020 Q2 |
Largest 50 of 544 shown; the full ranked, searchable register is at boothcheck.com/holders/PDD. Related filers are grouped using the filings' own included-manager declarations. Historically, several managers opening new positions in the same quarter said almost nothing about the quarter that followed (59,118 cases since 2013). A filed record, not a forecast. Nothing here is investment advice.