Vault-13

PDD HOLDINGS INC PDD

SPONSORED ADS · ADR · CUSIP 722304102 · ISIN US7223041028

455 institutional holders -17 vs Q1 2023
335,565,362335.6m shares reported held*
$23.2bnreported value*
56 new 152 added 190 reduced 76 sold out net sold ≈ $1.3bn (-19.8m 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 ($51.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $69.25. Options: 48 managers hold calls ($1.6bn notional), 46 hold puts ($1.5bn).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 413Q4 22: 453Q1 23: 472Q2 23: 455455Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022413
Q4 2022453
Q1 2023472
Q2 2023455

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
4000400Q4 22: 259 bought or addedQ4 22: 181 cut or sold outQ4 22Q1 23: 266 bought or addedQ1 23: 223 cut or sold outQ1 23Q2 23: 208 bought or addedQ2 23: 266 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022259181
Q1 2023266223
Q2 2023208266

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 0.95Q1 23 calls: $1.9bnQ1 23 puts: $2.4bnQ1 23P/C 1.26Q2 23 calls: $1.6bnQ2 23 puts: $1.5bnQ2 23P/C 0.93
Numbers
QuarterCallsPutsP/C
Q3 2022$1.5bn$871.3m0.60
Q4 2022$2.5bn$2.3bn0.95
Q1 2023$1.9bn$2.4bn1.26
Q2 2023$1.6bn$1.5bn0.93

Biggest buyers

Invesco Ltd. Added +4,723,381+4.7m
BAILLIE GIFFORD & CO Added +2,975,800+3.0m
Dragoneer Investment Group, LLC New +2,597,734+2.6m
SRS Investment Management, LLC Added +2,342,119+2.3m
Newlands Management Operations LLC New +1,949,040+1.9m
OLP CAPITAL MANAGEMENT Ltd Added +1,792,501+1.8m
Parallax Volatility Advisers, L.P. Added +1,272,929+1.3m
Fullerton Fund Management Co Ltd. New +1,118,031+1.1m
CANADA PENSION PLAN INVESTMENT BOARD Added +1,089,700+1.1m
MILLENNIUM MANAGEMENT LLC Added +1,058,382+1.1m

Biggest sellers

FMR LLC Reduced -5,273,494-5.3m
GOLDMAN SACHS GROUP INC Reduced -3,727,633-3.7m
SCHRODER INVESTMENT MANAGEMENT GROUP Reduced -2,896,756-2.9m
D. E. Shaw & Co., Inc. Reduced -2,775,939-2.8m
Temasek Holdings (Private) Ltd Reduced -2,575,081-2.6m
CoreView Capital Management Ltd Sold out -2,500,000-2.5m
HHLR ADVISORS, LTD. Reduced -2,470,600-2.5m
STATE STREET CORP Reduced -2,192,246-2.2m
ALLIANCEBERNSTEIN L.P. Reduced -2,100,280-2.1m
Veritas Asset Management LLP Reduced -2,023,900-2.0m

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $308.7m4.5m shares
JANE STREET GROUP, LLC Added $308.1m4.5m shares
CITADEL ADVISORS LLC Reduced $120.7m1.7m shares
SIMPLEX TRADING, LLC Added $90.4m1.3m shares
Parallax Volatility Advisers, L.P. Reduced $69.1m999.0k shares
SOROS FUND MANAGEMENT LLC Added $65.8m952.4k shares
D. E. Shaw & Co., Inc. Added $65.2m943.7k shares
Walleye Trading LLC Reduced $58.5m846.6k shares
CMT Capital Markets Trading GmbH Added $56.9m822.6k shares
IMC-Chicago, LLC Added $53.9m779.9k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $271.4m3.9m shares
GOLDMAN SACHS GROUP INC Reduced $197.8m2.9m shares
JANE STREET GROUP, LLC Reduced $185.5m2.7m shares
Parallax Volatility Advisers, L.P. Reduced $143.4m2.1m shares
SIMPLEX TRADING, LLC Reduced $94.8m1.4m shares
CITADEL ADVISORS LLC Reduced $85.5m1.2m shares
Squarepoint Ops LLC Added $66.1m955.9k shares
UBS Group AG Added $53.1m768.7k shares
D. E. Shaw & Co., Inc. Reduced $50.5m729.8k shares
CMT Capital Markets Trading GmbH Reduced $45.7m660.3k 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 Q2 2023

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 Q2 2023.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BAILLIE GIFFORD & CO 1.83% of their portfolio EDINBURGH, X0 31,167,04431.2m $2.2bn $2.2bn 1.83% Added +3.0m +2,975,800
2 BlackRock Inc. 0.05% of their portfolio New York, NY 24,137,25424.1m $1.7bn $1.7bn 0.05% Reduced -736.8k -736,765
3 VANGUARD GROUP INC 0.03% of their portfolio Valley Forge, PA 17,464,19717.5m $1.2bn $1.2bn 0.03% Added +114.1k +114,072
4 MORGAN STANLEY 0.11% of their portfolio NEW YORK, NY 15,431,28815.4m $1.1bn $1.1bn 0.11% Reduced -173.1k -173,138
5 FMR LLC 0.08% of their portfolio BOSTON, MA 13,300,91813.3m $919.6m $919.6m 0.08% Reduced -5.3m -5,273,494
6 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.41% of their portfolio NEW YORK, NY 11,024,16311.0m $836.7m $836.7m 0.41% Unchanged
7 STATE STREET CORP 0.04% of their portfolio BOSTON, MA 9,863,0229.9m $681.9m $681.9m 0.04% Reduced -2.2m -2,192,246
8 IDG China Venture Capital Fund IV Associates L.P. 98.05% of their portfolio HONG KONG, K3 8,183,5148.2m $565.8m $565.8m 98.05% Reduced -140.4k -140,430
9 HHLR ADVISORS, LTD. 12.03% of their portfolio GRAND CAYMAN, E9 8,172,2478.2m $565.0m $565.0m 12.03% Reduced -2.5m -2,470,600
10 GOLDMAN SACHS GROUP INC 0.13% of their portfolio NEW YORK, NY 7,556,2267.6m $522.4m $522.4m 0.13% Reduced -3.7m -3,727,633
11 Invesco Ltd. 0.13% of their portfolio ATLANTA, GA 6,972,4837.0m $482.1m $482.1m 0.13% Added +4.7m +4,723,381
12 NORGES BANK 0.08% of their portfolio OSLO, Q8 6,030,1106.0m $416.9m $416.9m 0.08% Reduced -441.7k -441,653
13 Assenagon Asset Management S.A. 1.47% of their portfolio SENNINGERBERG, N4 5,420,5785.4m $374.8m $374.8m 1.47% Added +789.9k +789,935
14 Krane Funds Advisors LLC 18.68% of their portfolio NEW YORK, NY 5,127,1335.1m $354.5m $354.5m 18.68% Added +760.3k +760,327
15 CANADA PENSION PLAN INVESTMENT BOARD 0.52% of their portfolio TORONTO ONTARIO, A6 4,962,8065.0m $343.1m $343.1m 0.52% Added +1.1m +1,089,700
16 JPMORGAN CHASE & CO 0.04% of their portfolio NEW YORK, NY 4,791,0094.8m $331.3m $331.3m 0.04% Added +875.3k +875,253
17 Greenwoods Asset Management Hong Kong Ltd. 15.71% of their portfolio HONG KONG, K3 4,701,6664.7m $325.1m $325.1m 15.71% Added +462.6k +462,580
18 E Fund Management Co., Ltd. 24.97% of their portfolio GUANGZHOU, F4 4,567,1734.6m $315.8m $315.8m 24.97% Added +754.6k +754,604
19 HSBC HOLDINGS PLC 0.33% of their portfolio LONDON, X0 4,517,0774.5m $312.2m $312.2m 0.33% Reduced -522.9k -522,907
20 Legal & General Group Plc 0.09% of their portfolio London, X0 3,841,2543.8m $265.6m $265.6m 0.09% Added +10.1k +10,084
21 PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio BALTIMORE, MD 3,517,7833.5m $243.2m $243.2m 0.03% Added +140.2k +140,203
22 Robeco Institutional Asset Management B.V. 0.60% of their portfolio ROTTERDAM, P7 3,316,9723.3m $229.3m $229.3m 0.60% Added +90.8k +90,818
23 SC US (TTGP), LTD. 2.07% of their portfolio Menlo Park, CA 3,185,0223.2m $220.2m $220.2m 2.07% Unchanged
24 FIL Ltd 0.25% of their portfolio HAMILTON, D0 3,159,0473.2m $218.4m $218.4m 0.25% Reduced -1.3m -1,285,487
25 GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio BOSTON, MA 2,993,7993.0m $205.8m $205.8m 0.02% Added +155.8k +155,836
26 OLP CAPITAL MANAGEMENT Ltd 48.13% of their portfolio CAUSEWAY BAY, K3 2,972,5423.0m $205.5m $205.5m 48.13% Added +1.8m +1,792,501
27 Bridgewater Associates, LP 1.17% of their portfolio Westport, CT 2,731,5122.7m $188.9m $188.9m 1.17% Added +589.1k +589,115
28 Dragoneer Investment Group, LLC 3.71% of their portfolio SAN FRANCISCO, CA 2,597,7342.6m $179.6m $179.6m 3.71% New
29 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.22% of their portfolio BOSTON, MA 2,587,1592.6m $178.9m $178.9m 0.22% Added +843.2k +843,223
30 Tairen Capital Ltd 5.56% of their portfolio HONG KONG, K3 2,553,7492.6m $176.6m $176.6m 5.56% Added +554.2k +554,168
31 SRS Investment Management, LLC 1.94% of their portfolio New York, NY 2,446,4022.4m $169.1m $169.1m 1.94% Added +2.3m +2,342,119
32 Genesis Investment Management, LLP 19.92% of their portfolio London, X0 2,437,5872.4m $183.8m $183.8m 19.92% Added +186.5k +186,484
33 BNP PARIBAS FINANCIAL MARKETS 0.30% of their portfolio PARIS, I0 2,200,2162.2m $152.1m $152.1m 0.30% Reduced -1.3m -1,283,668
34 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 2,092,3652.1m $144.7m $144.7m 0.02% Reduced -1.1m -1,089,769
35 First Beijing Investment Ltd 43.29% of their portfolio HONG KONG, K3 2,074,3002.1m $143.4m $143.4m 43.29% First filing
36 Newlands Management Operations LLC 1.44% of their portfolio DALLAS, TX 1,949,0401.9m $134.8m $134.8m 1.44% New
37 Vontobel Holding Ltd. 1.16% of their portfolio ZURICH, V8 1,912,4831.9m $132.2m $132.2m 1.16% Added +45.2k +45,202
38 Mirae Asset Global Investments Co., Ltd. 0.27% of their portfolio SEOUL, M5 1,839,9121.8m $126.6m $126.6m 0.27% Added +112.6k +112,643
39 Fisher Asset Management, LLC 0.07% of their portfolio PLANO, TX 1,834,0291.8m $126.8m $126.8m 0.07% Reduced -10.1k -10,082
40 RWC ASSET ADVISORS (US) LLC 12.06% of their portfolio MIAMI, FL 1,824,7561.8m $126.2m $126.2m 12.06% Reduced -436.7k -436,740
41 NORTHERN TRUST CORP 0.02% of their portfolio CHICAGO, IL 1,770,6711.8m $122.4m $122.4m 0.02% Reduced -310.6k -310,557
42 Nuveen Asset Management, LLC 0.04% of their portfolio CHICAGO, IL 1,720,9631.7m $119.0m $119.0m 0.04% Added +729.9k +729,944
43 Perseverance Asset Management International 35.32% of their portfolio GEORGE TOWN, E9 1,690,6681.7m $116.9m $116.9m 35.32% Added +553.0k +552,970
44 DEUTSCHE BANK AG\ 0.06% of their portfolio FRANKFURT AM MAIN, 2M 1,614,8231.6m $111.6m $111.6m 0.06% Reduced -1.3m -1,269,664
45 HSG Holding Ltd 12.59% of their portfolio NA, K3 1,592,5101.6m $110.1m $110.1m 12.59% Unchanged
46 MARSHALL WACE, LLP 0.23% of their portfolio LONDON, X0 1,533,7881.5m $106.0m $106.0m 0.23% Added +560.8k +560,791
47 ALKEON CAPITAL MANAGEMENT LLC 0.63% of their portfolio New York, NY 1,513,2411.5m $104.6m $104.6m 0.63% Reduced -1.6m -1,628,098
48 UBS Group AG 0.04% of their portfolio ZURICH, V8 1,484,9721.5m $102.7m $102.7m 0.04% Reduced -113.6k -113,636
49 PICTET ASSET MANAGEMENT SA 0.12% of their portfolio GENEVA 73, V8 1,463,9581.5m $101.2m $101.2m 0.12% Reduced -259.9k -259,931
50 CoreView Capital Management Ltd 12.98% of their portfolio HONG KONG, K3 1,444,9421.4m $99.9m $99.9m 12.98% Reduced -517.5k -517,509
51 Parallax Volatility Advisers, L.P. 3.35% of their portfolio San Francisco, CA 1,408,6201.4m $97.4m $97.4m 3.35% Added +1.3m +1,272,929
52 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 1,378,6191.4m $95.3m $95.3m 0.02% Added +24.2k +24,206
53 Cederberg Capital Ltd 41.06% of their portfolio LONDON, X0 1,361,5001.4m $94.1m $94.1m 41.06% Unchanged
54 Sumitomo Mitsui Trust Group, Inc. 0.07% of their portfolio CHIYODA-KU, TOKYO, M0 1,347,2271.3m $93.1m $93.1m 0.07% Added +5.9k +5,905
55 Swiss National Bank 0.06% of their portfolio ZURICH, V8 1,281,1371.3m $88.6m $88.6m 0.06% Reduced -87.8k -87,758
56 PRINCIPAL FINANCIAL GROUP INC 0.06% of their portfolio DES MOINES, IA 1,249,6151.2m $86.4m $86.4m 0.06% Reduced -410.2k -410,176
57 MILLENNIUM MANAGEMENT LLC 0.09% of their portfolio NEW YORK, NY 1,194,8421.2m $82.6m $82.6m 0.09% Added +1.1m +1,058,382
58 WT Asset Management Ltd 24.89% of their portfolio HONG KONG, K3 1,179,3421.2m $81.5m $81.5m 24.89% Added +559.4k +559,411
59 PUBLIC INVESTMENT FUND 0.21% of their portfolio AL AQIQ DISTRICT, RIYADH, T0 1,171,5701.2m $81.0m $81.0m 0.21% Unchanged
60 Fullerton Fund Management Co Ltd. 5.40% of their portfolio SINGAPORE, U0 1,118,0311.1m $77.3m $77.3m 5.40% New
61 PLATINUM INVESTMENT MANAGEMENT LTD 2.61% of their portfolio SYDNEY AUSTRALIA 2000, C3 1,088,0261.1m $75.2m $75.2m 2.61% Added +718.4k +718,398
62 Trivest Advisors Ltd 2.51% of their portfolio Hong Kong, K3 1,055,4001.1m $73.0m $73.0m 2.51% Reduced -1.2m -1,220,300
63 FIRST TRUST ADVISORS LP 0.08% of their portfolio Wheaton, IL 1,041,1991.0m $72.0m $72.0m 0.08% Added +183.9k +183,867
64 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.11% of their portfolio BALA CYNWYD, PA 1,026,2151.0m $71.0m $71.0m 0.11% Reduced -805.5k -805,516
65 HCEP Management Ltd 13.12% of their portfolio HONG KONG, K3 1,000,0001.0m $69.1m $69.1m 13.12% Added +825.0k +825,000
66 MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC 8.01% of their portfolio SAN FRANCISCO, CA 988,879988.9k $68.4m $68.4m 8.01% Reduced -977.8k -977,799
67 CREDIT SUISSE AG/ 0.07% of their portfolio ZURICH, V8 958,762958.8k $66.3m $66.3m 0.07% Reduced -3.7k -3,735
68 NATIONAL BANK OF CANADA /FI/ 0.13% of their portfolio MONTREAL, A8 928,479928.5k $66.2m $66.2m 0.13% Reduced -836.4k -836,433
69 Coronation Fund Managers Ltd. 1.73% of their portfolio Cape Town, T3 926,700926.7k $64.1m $64.1m 1.73% Added +78.6k +78,607
70 Alpine Investment Management Ltd 18.81% of their portfolio HONG KONG, K3 925,000925.0k $64.0m $64.0m 18.81% Reduced -325.0k -325,000
71 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 920,343920.3k $63.6m $63.6m 0.02% Reduced -146.9k -146,867
72 FIRST MANHATTAN CO. LLC. 0.23% of their portfolio NEW YORK, NY 911,290911.3k $63.0m $63.0m 0.23% Added +100.2k +100,196
73 NOMURA HOLDINGS INC 0.63% of their portfolio TOKYO, M0 897,221897.2k $62.0m $62.0m 0.63% Added +155.1k +155,082
74 Franchise Capital Ltd 18.26% of their portfolio GRAND CAYMAN, E9 843,636843.6k $58.3m $58.3m 18.26% Reduced -960.4k -960,418
75 Whale Rock Capital Management LLC 1.00% of their portfolio Boston, MA 841,942841.9k $58.2m $58.2m 1.00% Reduced -245.8k -245,787
76 CAUSEWAY CAPITAL MANAGEMENT LLC 1.51% of their portfolio LOS ANGELES, CA 828,195828.2k $57.3m $57.3m 1.51% Added +7.3k +7,277
77 COATUE MANAGEMENT LLC 0.27% of their portfolio New York, NY 811,523811.5k $56.1m $56.1m 0.27% Reduced -110.6k -110,561
78 IvyRock Asset Management (HK) Ltd 32.38% of their portfolio SHEUNG WAN, K3 805,236805.2k $55.7m $55.7m 32.38% Added +118.6k +118,600
79 APG Asset Management N.V. 0.10% of their portfolio Amsterdam, P7 804,128804.1k $51.0m $51.0m 0.10% Unchanged
80 Allianz Asset Management GmbH 0.08% of their portfolio MUNICH, 2M 800,181800.2k $41.1m $41.1m 0.08% Reduced -123.3k -123,322
81 VICTORY CAPITAL MANAGEMENT INC 0.06% of their portfolio San Antonio, TX 796,160796.2k $55.0m $55.0m 0.06% Added +19.5k +19,475
82 California Public Employees Retirement System 0.05% of their portfolio Sacramento, CA 789,366789.4k $54.6m $54.6m 0.05% Reduced -39.6k -39,619
83 CANADA LIFE ASSURANCE Co 0.13% of their portfolio WINNIPEG, A2 780,733780.7k $54.1m $54.1m 0.13% Added +7.0k +6,977
84 BARCLAYS PLC 0.03% of their portfolio LONDON, X0 765,269765.3k $52.9m $52.9m 0.03% Reduced -45.1k -45,138
85 APPALOOSA LP 0.96% of their portfolio Short Hills, NJ 750,000750.0k $51.9m $51.9m 0.96% New
86 Mitsubishi UFJ Trust & Banking Corp 0.12% of their portfolio TOKYO, M0 727,034727.0k $50.3m $50.3m 0.12% Reduced -70.0k -69,969
87 SCHRODER INVESTMENT MANAGEMENT GROUP 0.07% of their portfolio London, X0 704,779704.8k $48.7m $48.7m 0.07% Reduced -2.9m -2,896,756
88 AQR CAPITAL MANAGEMENT LLC 0.10% of their portfolio Greenwich, CT 698,734698.7k $48.3m $48.3m 0.10% Reduced -57.0k -57,007
89 SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 1.76% of their portfolio BALA CYNWYD, PA 696,962697.0k $48.2m $48.2m 1.76% Reduced -67.9k -67,923
90 ACADIAN ASSET MANAGEMENT LLC 0.19% of their portfolio Boston, MA 664,936664.9k $46.0m $46.0m 0.19% Reduced -81.0k -81,046
91 CITIGROUP INC 0.06% of their portfolio NEW YORK, NY 663,596663.6k $45.9m $45.9m 0.06% Added +233.0k +232,960
92 TB Alternative Assets Ltd. 11.30% of their portfolio HONG KONG, K3 656,600656.6k $45.4m $45.4m 11.30% Reduced -94.8k -94,800
93 Sylebra Capital Ltd 1.80% of their portfolio HONG KONG, K3 633,705633.7k $43.8m $43.8m 1.80% Reduced -276.2k -276,173
94 JANE STREET GROUP, LLC 0.06% of their portfolio NEW YORK, NY 621,615621.6k $43.0m $43.0m 0.06% Added +307.0k +307,035
95 Harvest Fund Management Co., Ltd 8.64% of their portfolio BEIJING, F4 621,468621.5k $43.0m $43.0m 8.64% Added +100.4k +100,438
96 PRUDENTIAL PLC 0.50% of their portfolio LONDON, X0 618,442618.4k $42.8m $42.8m 0.50% Reduced -103.5k -103,542
97 RWC Asset Management LLP 2.00% of their portfolio LONDON, X0 599,962600.0k $41.5m $41.5m 2.00% Reduced -108.0k -107,990
98 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 588,563588.6k $40.7m $40.7m 0.01% Reduced -17.9k -17,934
99 Penserra Capital Management LLC 0.80% of their portfolio ORINDA, CA 587,782587.8k $40.6m $40.6m 0.80% Added +148.1k +148,062
100 Origin Asset Management LLP 15.40% of their portfolio LONDON, X0 568,547568.5k $39.3m $39.3m 15.40% Reduced -242.9k -242,900