Vault-13

PDD HOLDINGS INC PDD

SPONSORED ADS · ADR · CUSIP 722304102 · ISIN US7223041028

453 institutional holders +40 vs Q3 2022
325,036,643325.0m shares reported held*
$26.6bnreported value*
86 new 173 added 133 reduced 48 sold out net bought ≈ $1.7bn (+20.4m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($83.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $81.71. Options: 49 managers hold calls ($2.5bn notional), 46 hold puts ($2.3bn).

Trends to Q4 2022

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 413Q4 22: 453453Q3 22Q4 22
Numbers
QuarterHolders
Q3 2022413
Q4 2022453

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$1bn$2bn$3bnQ3 22 calls: $1.5bnQ3 22 puts: $871.3mQ3 22P/C 0.60Q4 22 calls: $2.5bnQ4 22 puts: $2.3bnQ4 22P/C 0.95
Numbers
QuarterCallsPutsP/C
Q3 2022$1.5bn$871.3m0.60
Q4 2022$2.5bn$2.3bn0.95

Biggest buyers

D. E. Shaw & Co., Inc. Added +4,382,386+4.4m
Trivest Advisors Ltd Added +3,536,400+3.5m
Robeco Institutional Asset Management B.V. New +3,002,831+3.0m
ALLIANCEBERNSTEIN L.P. Added +2,771,693+2.8m
BNP PARIBAS FINANCIAL MARKETS New +2,626,278+2.6m
BlackRock Inc. Added +2,399,072+2.4m
Greenwoods Asset Management Hong Kong Ltd. Added +2,337,492+2.3m
GOLDMAN SACHS GROUP INC Added +2,326,900+2.3m
Vontobel Holding Ltd. Added +2,295,126+2.3m
RENAISSANCE TECHNOLOGIES LLC Added +2,039,200+2.0m

Biggest sellers

GQG Partners LLC Sold out -5,208,954-5.2m
FMR LLC Reduced -4,726,482-4.7m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -3,628,022-3.6m
Assenagon Asset Management S.A. Reduced -3,462,755-3.5m
HSBC HOLDINGS PLC Reduced -2,208,466-2.2m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Reduced -2,104,319-2.1m
Bridgewater Associates, LP Reduced -1,420,710-1.4m
Altimeter Capital Management, LP Sold out -1,100,000-1.1m
Aspex Management (HK) Ltd Sold out -1,000,000-1.0m
CANADA PENSION PLAN INVESTMENT BOARD Reduced -994,200-994.2k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $517.4m6.3m shares
JANE STREET GROUP, LLC Added $347.2m4.3m shares
Parallax Volatility Advisers, L.P. Added $314.6m3.9m shares
CITADEL ADVISORS LLC Reduced $171.1m2.1m shares
GOLDMAN SACHS GROUP INC Added $135.5m1.7m shares
BARCLAYS PLC First filing $122.1m1.5m shares
Walleye Trading LLC Added $119.6m1.5m shares
GROUP ONE TRADING LLC Reduced $106.0m1.3m shares
SIMPLEX TRADING, LLC Added $105.4m1.3m shares
CMT Capital Markets Trading GmbH Added $76.2m934.2k shares

Biggest puts

GOLDMAN SACHS GROUP INC Added $561.7m6.9m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $326.8m4.0m shares
JANE STREET GROUP, LLC Added $215.1m2.6m shares
CITADEL ADVISORS LLC Added $163.9m2.0m shares
ALKEON CAPITAL MANAGEMENT LLC New $163.1m2.0m shares
WOLVERINE TRADING, LLC Added $113.0m1.4m shares
Parallax Volatility Advisers, L.P. Added $102.2m1.3m shares
BARCLAYS PLC First filing $82.4m1.0m shares
SIMPLEX TRADING, LLC Added $74.1m908.9k shares
Walleye Trading LLC Reduced $70.9m869.1k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales in Q4 2022

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q4 2022.

Holders, Q4 2022

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BAILLIE GIFFORD & CO 2.43% of their portfolio EDINBURGH, X0 28,625,98028.6m $2.3bn $2.3bn 2.43% Added +415.1k +415,139
2 BlackRock Inc. 0.07% of their portfolio New York, NY 25,708,47425.7m $2.1bn $2.1bn 0.07% Added +2.4m +2,399,072
3 VANGUARD GROUP INC 0.03% of their portfolio Valley Forge, PA 14,779,62414.8m $1.2bn $1.2bn 0.03% Added +136.0k +135,982
4 FMR LLC 0.11% of their portfolio BOSTON, MA 14,129,31314.1m $1.2bn $1.2bn 0.11% Reduced -4.7m -4,726,482
5 STATE STREET CORP 0.05% of their portfolio BOSTON, MA 10,988,54811.0m $896.1m $896.1m 0.05% Added +668.5k +668,498
6 IDG China Venture Capital Fund IV Associates L.P. 98.63% of their portfolio HONG KONG, K3 8,323,9448.3m $678.8m $678.8m 98.63% Unchanged
7 GOLDMAN SACHS GROUP INC 0.19% of their portfolio NEW YORK, NY 8,201,8888.2m $668.9m $668.9m 0.19% Added +2.3m +2,326,900
8 MORGAN STANLEY 0.07% of their portfolio NEW YORK, NY 7,081,3717.1m $577.5m $577.5m 0.07% Added +547.9k +547,927
9 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.28% of their portfolio NEW YORK, NY 6,596,3216.6m $537.9m $537.9m 0.28% Added +1.1m +1,078,549
10 NORGES BANK 0.12% of their portfolio OSLO, Q8 6,144,5586.1m $501.1m $501.1m 0.12% Reduced -303.9k -303,918
11 JPMORGAN CHASE & CO 0.07% of their portfolio NEW YORK, NY 6,073,9206.1m $495.3m $495.3m 0.07% Added +1.9m +1,892,100
12 D. E. Shaw & Co., Inc. 0.79% of their portfolio New York, NY 5,739,2015.7m $468.0m $468.0m 0.79% Added +4.4m +4,382,386
13 Greenwoods Asset Management Hong Kong Ltd. 27.92% of their portfolio HONG KONG, K3 5,578,5525.6m $454.9m $454.9m 27.92% Added +2.3m +2,337,492
14 Krane Funds Advisors LLC 16.03% of their portfolio NEW YORK, NY 4,811,5514.8m $392.4m $392.4m 16.03% Reduced -265.1k -265,116
15 HSBC HOLDINGS PLC 0.48% of their portfolio LONDON, X0 4,774,8264.8m $389.4m $389.4m 0.48% Reduced -2.2m -2,208,466
16 FIL Ltd 0.44% of their portfolio HAMILTON, D0 4,495,0314.5m $366.6m $366.6m 0.44% Added +1.5m +1,475,231
17 Trivest Advisors Ltd 43.80% of their portfolio Hong Kong, K3 4,427,9004.4m $361.1m $361.1m 43.80% Added +3.5m +3,536,400
18 CANADA PENSION PLAN INVESTMENT BOARD 0.59% of their portfolio TORONTO ONTARIO, A6 4,051,5064.1m $330.4m $330.4m 0.59% Reduced -994.2k -994,200
19 Legal & General Group Plc 0.11% of their portfolio London, X0 3,655,3953.7m $298.1m $298.1m 0.11% Reduced -175.2k -175,216
20 Bridgewater Associates, LP 1.62% of their portfolio Westport, CT 3,645,8303.6m $297.3m $297.3m 1.62% Reduced -1.4m -1,420,710
21 BARCLAYS PLC 0.26% of their portfolio LONDON, X0 3,636,3833.6m $296.5m $296.5m 0.26% First filing
22 E Fund Management Co., Ltd. 24.65% of their portfolio GUANGZHOU, F4 3,634,8943.6m $296.4m $296.4m 24.65% Reduced -33.0k -32,968
23 PRICE T ROWE ASSOCIATES INC /MD/ 0.05% of their portfolio BALTIMORE, MD 3,494,1733.5m $284.9m $284.9m 0.05% Reduced -606.1k -606,115
24 RWC ASSET ADVISORS (US) LLC 24.38% of their portfolio MIAMI, FL 3,434,7823.4m $280.1m $280.1m 24.38% Reduced -395.9k -395,937
25 RENAISSANCE TECHNOLOGIES LLC 0.37% of their portfolio NEW YORK, NY 3,360,1003.4m $274.0m $274.0m 0.37% Added +2.0m +2,039,200
26 SC US (TTGP), LTD. 3.43% of their portfolio Menlo Park, CA 3,185,0223.2m $259.7m $259.7m 3.43% Reduced -315.0k -314,978
27 Robeco Institutional Asset Management B.V. 0.71% of their portfolio ROTTERDAM, P7 3,002,8313.0m $244.9m $244.9m 0.71% New
28 HHLR ADVISORS, LTD. 5.00% of their portfolio GRAND CAYMAN, E9 2,903,8002.9m $236.8m $236.8m 5.00% Added +891.9k +891,900
29 MARSHALL WACE, LLP 0.61% of their portfolio LONDON, X0 2,883,4972.9m $235.1m $235.1m 0.61% Reduced -615.9k -615,858
30 ALLIANCEBERNSTEIN L.P. 0.10% of their portfolio NASHVILLE, TN 2,845,0092.8m $232.0m $232.0m 0.10% Added +2.8m +2,771,693
31 Temasek Holdings (Private) Ltd 1.29% of their portfolio SINGAPORE, U0 2,716,0812.7m $221.5m $221.5m 1.29% Unchanged
32 GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio BOSTON, MA 2,665,0602.7m $216.4m $216.4m 0.03% Added +34.2k +34,162
33 Tairen Capital Ltd 25.29% of their portfolio HONG KONG, K3 2,659,1342.7m $216.9m $216.9m 25.29% Added +1.6m +1,615,270
34 BNP PARIBAS FINANCIAL MARKETS 0.54% of their portfolio PARIS, I0 2,626,2782.6m $214.2m $214.2m 0.54% New
35 MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC 23.01% of their portfolio SAN FRANCISCO, CA 2,386,9482.4m $194.7m $194.7m 23.01% Reduced -239.6k -239,555
36 Vontobel Holding Ltd. 1.93% of their portfolio ZURICH, V8 2,343,8442.3m $191.1m $191.1m 1.93% Added +2.3m +2,295,126
37 Invesco Ltd. 0.05% of their portfolio ATLANTA, GA 2,174,9142.2m $177.4m $177.4m 0.05% Reduced -421.8k -421,781
38 Genesis Investment Management, LLP 19.50% of their portfolio London, X0 2,141,4092.1m $174.6m $174.6m 19.50% Added +280.9k +280,883
39 Fisher Asset Management, LLC 0.11% of their portfolio PLANO, TX 1,982,3912.0m $161.7m $161.7m 0.11% Reduced -415.1k -415,105
40 Nuveen Asset Management, LLC 0.06% of their portfolio CHICAGO, IL 1,972,4452.0m $160.9m $160.9m 0.06% Reduced -146.9k -146,883
41 CoreView Capital Management Ltd 24.60% of their portfolio HONG KONG, K3 1,962,4512.0m $160.0m $160.0m 24.60% New
42 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 1,874,6761.9m $152.9m $152.9m 0.02% Added +917.8k +917,764
43 UBS Group AG 0.07% of their portfolio ZURICH, V8 1,864,6161.9m $152.1m $152.1m 0.07% Added +783.4k +783,389
44 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.21% of their portfolio BOSTON, MA 1,841,4731.8m $150.2m $150.2m 0.21% Reduced -2.1m -2,104,319
45 DEUTSCHE BANK AG\ 0.09% of their portfolio FRANKFURT AM MAIN, 2M 1,831,7291.8m $149.4m $149.4m 0.09% Added +512.9k +512,939
46 Fullerton Fund Management Co Ltd. 10.96% of their portfolio SINGAPORE, U0 1,804,1191.8m $147.1m $147.1m 10.96% Added +939.6k +939,649
47 Veritas Asset Management LLP 1.18% of their portfolio London, X0 1,761,0001.8m $143.6m $143.6m 1.18% New
48 PRINCIPAL FINANCIAL GROUP INC 0.11% of their portfolio DES MOINES, IA 1,752,2701.8m $142.9m $142.9m 0.11% Added +692.9k +692,878
49 NORTHERN TRUST CORP 0.03% of their portfolio CHICAGO, IL 1,694,9271.7m $138.2m $138.2m 0.03% Reduced -9.6k -9,568
50 Franchise Capital Ltd 40.84% of their portfolio GRAND CAYMAN, E9 1,633,1131.6m $133.2m $133.2m 40.84% Added +1.9k +1,896
51 HSG Holding Ltd 13.16% of their portfolio NA, K3 1,592,5101.6m $129.9m $129.9m 13.16% Reduced -157.5k -157,489
52 PUBLIC INVESTMENT FUND 0.41% of their portfolio AL AQIQ DISTRICT, RIYADH, T0 1,539,3931.5m $125.5m $125.5m 0.41% Unchanged
53 Mirae Asset Global Investments Co., Ltd. 0.32% of their portfolio SEOUL, M5 1,520,6671.5m $124.0m $124.0m 0.32% Added +526.6k +526,624
54 LORD, ABBETT & CO. LLC 0.21% of their portfolio JERSEY CITY, NJ 1,449,3781.4m $118.2m $118.2m 0.21% New
55 Swiss National Bank 0.08% of their portfolio ZURICH, V8 1,366,9951.4m $111.5m $111.5m 0.08% Reduced -2.2k -2,200
56 Cederberg Capital Ltd 36.89% of their portfolio LONDON, X0 1,361,5001.4m $111.0m $111.0m 36.89% Unchanged
57 PICTET ASSET MANAGEMENT SA 0.16% of their portfolio GENEVA 73, V8 1,346,6611.3m $109.8m $109.8m 0.16% Added +441.2k +441,221
58 Sumitomo Mitsui Trust Group, Inc. 0.09% of their portfolio CHIYODA-KU, TOKYO, M0 1,346,0961.3m $109.8m $109.8m 0.09% Reduced -89.1k -89,143
59 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 1,311,0761.3m $106.9m $106.9m 0.02% Reduced -60.7k -60,740
60 ALKEON CAPITAL MANAGEMENT LLC 0.78% of their portfolio New York, NY 1,280,0001.3m $104.4m $104.4m 0.78% Added +207.2k +207,228
61 Russell Investments Group, Ltd. 0.20% of their portfolio Seattle, WA 1,209,7551.2m $98.7m $98.7m 0.20% Reduced -105.1k -105,078
62 TWO SIGMA INVESTMENTS, LP 0.31% of their portfolio NEW YORK, NY 1,183,4631.2m $96.5m $96.5m 0.31% Reduced -925.7k -925,652
63 WOLVERINE TRADING, LLC 1.56% of their portfolio CHICAGO, IL 1,122,7001.1m $91.6m $91.6m 1.56% New
64 APG Asset Management N.V. 0.17% of their portfolio Amsterdam, P7 1,069,3281.1m $87.2m $87.2m 0.17% Added +210.6k +210,600
65 WT Asset Management Ltd 34.69% of their portfolio HONG KONG, K3 1,062,2891.1m $86.6m $86.6m 34.69% Reduced -75.5k -75,486
66 RWC Asset Management LLP 2.72% of their portfolio LONDON, X0 1,060,5621.1m $86.5m $86.5m 2.72% Reduced -176.0k -175,960
67 Perseverance Asset Management International 37.54% of their portfolio GEORGE TOWN, E9 1,026,1201.0m $83.7m $83.7m 37.54% Added +252.4k +252,386
68 FIRST TRUST ADVISORS LP 0.10% of their portfolio Wheaton, IL 994,405994.4k $81.1m $81.1m 0.10% Added +316.4k +316,375
69 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 959,867959.9k $78.3m $78.3m 0.03% Added +138.7k +138,673
70 Pinpoint Asset Management Ltd 18.50% of their portfolio HONG KONG, K3 944,210944.2k $77.0m $77.0m 18.50% Added +555.6k +555,637
71 TWO SIGMA ADVISERS, LP 0.21% of their portfolio NEW YORK, NY 944,100944.1k $77.0m $77.0m 0.21% Reduced -608.2k -608,200
72 CREDIT SUISSE AG/ 0.08% of their portfolio ZURICH, V8 934,242934.2k $76.2m $76.2m 0.08% Reduced -454.5k -454,543
73 1832 Asset Management L.P. 0.16% of their portfolio TORONTO, A6 933,800933.8k $76.2m $76.2m 0.16% Reduced -708.7k -708,700
74 Coronation Fund Managers Ltd. 2.06% of their portfolio Cape Town, T3 910,158910.2k $74.2m $74.2m 2.06% Added +463.7k +463,651
75 Man Group plc 0.27% of their portfolio LONDON, X0 908,774908.8k $74.1m $74.1m 0.27% Added +55.0k +55,027
76 Sylebra Capital Ltd 4.17% of their portfolio HONG KONG, K3 906,722906.7k $73.9m $73.9m 4.17% Added +176.5k +176,540
77 OLP CAPITAL MANAGEMENT Ltd 14.49% of their portfolio CAUSEWAY BAY, K3 836,844836.8k $68.2m $68.2m 14.49% Added +196.8k +196,784
78 California Public Employees Retirement System 0.06% of their portfolio Sacramento, CA 817,795817.8k $66.7m $66.7m 0.06% Reduced -2.0k -2,034
79 FengHe Fund Management Pte. Ltd. 8.99% of their portfolio Singapore, U0 815,000815.0k $66.5m $66.5m 8.99% Added +648.5k +648,500
80 CAUSEWAY CAPITAL MANAGEMENT LLC 1.93% of their portfolio LOS ANGELES, CA 813,151813.2k $66.3m $66.3m 1.93% Added +311.8k +311,839
81 Mitsubishi UFJ Trust & Banking Corp 0.17% of their portfolio TOKYO, M0 811,868811.9k $66.2m $66.2m 0.17% Reduced -33.3k -33,288
82 Origin Asset Management LLP 19.12% of their portfolio LONDON, X0 801,547801.5k $65.4m $65.4m 19.12% Added +117.3k +117,290
83 VICTORY CAPITAL MANAGEMENT INC 0.07% of their portfolio San Antonio, TX 791,697791.7k $64.6m $64.6m 0.07% Added +107.2k +107,219
84 Quadrature Capital Ltd 1.87% of their portfolio LONDON, X0 772,940772.9k $63.1m $63.1m 1.87% Added +636.5k +636,455
85 SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 1.08% of their portfolio BALA CYNWYD, PA 764,885764.9k $62.4m $62.4m 1.08% Added +654.3k +654,256
86 AQR CAPITAL MANAGEMENT LLC 0.14% of their portfolio Greenwich, CT 734,441734.4k $59.9m $59.9m 0.14% Added +13.6k +13,583
87 FIRST MANHATTAN CO. LLC. 0.22% of their portfolio NEW YORK, NY 733,340733.3k $59.8m $59.8m 0.22% Reduced -399.9k -399,910
88 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.04% of their portfolio Toronto, A6 732,526732.5k $60.0m $60.0m 0.04% Reduced -16.2k -16,183
89 PRUDENTIAL PLC 0.75% of their portfolio LONDON, X0 730,703730.7k $59.6m $59.6m 0.75% Added +377.8k +377,777
90 CANADA LIFE ASSURANCE Co 0.15% of their portfolio WINNIPEG, A2 718,121718.1k $58.7m $58.7m 0.15% Added +9.7k +9,739
91 Whale Rock Capital Management LLC 1.81% of their portfolio Boston, MA 661,858661.9k $54.0m $54.0m 1.81% Added +141.9k +141,903
92 KEYSTONE INVESTORS PTE LTD 25.36% of their portfolio SINGAPORE, U0 650,279650.3k $53.0m $53.0m 25.36% First filing
93 COATUE MANAGEMENT LLC 0.59% of their portfolio New York, NY 647,141647.1k $52.8m $52.8m 0.59% Added +281.2k +281,244
94 Qube Research & Technologies Ltd 0.29% of their portfolio LONDON, X0 586,833586.8k $47.9m $47.9m 0.29% Added +413.9k +413,909
95 JENNISON ASSOCIATES LLC 0.05% of their portfolio NEW YORK, NY 568,607568.6k $46.4m $46.4m 0.05% Added +52.6k +52,569
96 Handelsbanken Fonder AB 0.29% of their portfolio STOCKHOLM, V7 560,161560.2k $45.7m $45.7m 0.29% Reduced -234.6k -234,592
97 NOMURA HOLDINGS INC 0.43% of their portfolio TOKYO, M0 524,166524.2k $42.7m $42.7m 0.43% Added +492.6k +492,590
98 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 517,026517.0k $42.2m $42.2m 0.01% Added +6.6k +6,555
99 BARINGS LLC 1.39% of their portfolio CHARLOTTE, NC 481,762481.8k $39.3m $39.3m 1.39% New
100 FRED ALGER MANAGEMENT, LLC 0.21% of their portfolio NEW YORK, NY 470,494470.5k $38.4m $38.4m 0.21% Added +236.3k +236,332