Vault-13

PDD HOLDINGS INC PDD

SPONSORED ADS · ADR · CUSIP 722304102 · ISIN US7223041028

579 institutional holders -8 vs Q4 2023
408,614,489408.6m shares reported held*
$47.5bnreported value*
95 new 225 added 203 reduced 96 sold out net bought ≈ $1.1bn (+8.9m 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 ($191.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $116.25. Options: 54 managers hold calls ($3.4bn notional), 51 hold puts ($4.3bn).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 413Q4 22: 453Q1 23: 472Q2 23: 455Q3 23: 475Q4 23: 587Q1 24: 579579Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022413
Q4 2022453
Q1 2023472
Q2 2023455
Q3 2023475
Q4 2023587
Q1 2024579

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 23Q3 23: 296 bought or addedQ3 23: 187 cut or sold outQ3 23Q4 23: 350 bought or addedQ4 23: 194 cut or sold outQ4 23Q1 24: 320 bought or addedQ1 24: 299 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022259181
Q1 2023266223
Q2 2023208266
Q3 2023296187
Q4 2023350194
Q1 2024320299

Calls vs puts

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

CallsPuts
$0$2bn$4bn$6bn$8bnQ2 23 calls: $1.6bnQ2 23 puts: $1.5bnQ2 23P/C 0.93Q3 23 calls: $3.1bnQ3 23 puts: $2.7bnQ3 23P/C 0.87Q4 23 calls: $6.0bnQ4 23 puts: $5.1bnQ4 23P/C 0.85Q1 24 calls: $3.4bnQ1 24 puts: $4.3bnQ1 24P/C 1.26
Numbers
QuarterCallsPutsP/C
Q2 2023$1.6bn$1.5bn0.93
Q3 2023$3.1bn$2.7bn0.87
Q4 2023$6.0bn$5.1bn0.85
Q1 2024$3.4bn$4.3bn1.26

Biggest buyers

MORGAN STANLEY Added +13,858,378+13.9m
GOLDMAN SACHS GROUP INC Added +5,547,311+5.5m
Assenagon Asset Management S.A. Added +5,055,169+5.1m
BANK OF AMERICA CORP /DE/ Added +2,912,782+2.9m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Added +2,380,993+2.4m
HHLR ADVISORS, LTD. Added +1,680,600+1.7m
Tairen Capital Ltd Added +1,326,863+1.3m
APPALOOSA LP Added +1,325,000+1.3m
Squarepoint Ops LLC Added +1,212,510+1.2m
NATIONAL BANK OF CANADA /FI/ Added +971,560+971.6k

Biggest sellers

FMR LLC Reduced -3,475,769-3.5m
BAILLIE GIFFORD & CO Reduced -3,179,958-3.2m
GQG Partners LLC Sold out -2,874,179-2.9m
JANE STREET GROUP, LLC Reduced -2,034,184-2.0m
SC US (TTGP), LTD. Reduced -1,751,480-1.8m
LORD, ABBETT & CO. LLC Reduced -1,706,272-1.7m
JPMORGAN CHASE & CO Reduced -1,605,996-1.6m
RWC ASSET ADVISORS (US) LLC Reduced -1,200,594-1.2m
Greenwoods Asset Management Hong Kong Ltd. Reduced -1,100,702-1.1m
Fisher Asset Management, LLC Reduced -1,058,403-1.1m

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $659.9m5.7m shares
JANE STREET GROUP, LLC Reduced $652.2m5.6m shares
UBS Group AG Added $301.8m2.6m shares
SIMPLEX TRADING, LLC Added $253.0m2.2m shares
CITADEL ADVISORS LLC Reduced $234.9m2.0m shares
IMC-Chicago, LLC Added $159.9m1.4m shares
Squarepoint Ops LLC Reduced $137.1m1.2m shares
Parallax Volatility Advisers, L.P. Reduced $101.9m876.2k shares
D. E. Shaw & Co., Inc. Reduced $97.8m841.3k shares
GOLDMAN SACHS GROUP INC Added $93.3m802.4k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $685.1m5.9m shares
GOLDMAN SACHS GROUP INC Reduced $619.9m5.3m shares
JANE STREET GROUP, LLC Added $442.5m3.8m shares
CITADEL ADVISORS LLC Added $376.1m3.2m shares
Walleye Trading LLC Added $211.0m1.8m shares
Squarepoint Ops LLC Reduced $207.7m1.8m shares
IMC-Chicago, LLC Added $188.4m1.6m shares
SIMPLEX TRADING, LLC Added $173.6m1.5m shares
UBS Group AG Added $169.2m1.5m shares
MILLENNIUM MANAGEMENT LLC Reduced $166.7m1.4m 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 Q1 2024

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 Q1 2024.

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.12% of their portfolio NEW YORK, NY 37,565,72437.6m $4.4bn $4.4bn 0.12% Added +13.9m +13,858,378
2 BAILLIE GIFFORD & CO 3.14% of their portfolio EDINBURGH, X0 34,780,28034.8m $4.0bn $4.0bn 3.14% Reduced -3.2m -3,179,958
3 BlackRock Inc. 0.08% of their portfolio New York, NY 28,142,86128.1m $3.3bn $3.3bn 0.08% Added +739.6k +739,642
4 VANGUARD GROUP INC 0.06% of their portfolio Valley Forge, PA 24,261,57524.3m $2.8bn $2.8bn 0.06% Added +97.6k +97,648
5 FMR LLC 0.11% of their portfolio BOSTON, MA 14,618,67614.6m $1.7bn $1.7bn 0.11% Reduced -3.5m -3,475,769
6 SC US (TTGP), LTD. 10.91% of their portfolio Menlo Park, CA 12,695,61712.7m $1.5bn $1.5bn 10.91% Reduced -1.8m -1,751,480
7 HHLR ADVISORS, LTD. 29.77% of their portfolio GRAND CAYMAN, E9 11,791,54711.8m $1.4bn $1.4bn 29.77% Added +1.7m +1,680,600
8 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.46% of their portfolio NEW YORK, NY 11,227,79611.2m $1.3bn $1.3bn 0.46% Reduced -899.3k -899,279
9 GOLDMAN SACHS GROUP INC 0.27% of their portfolio NEW YORK, NY 11,003,52411.0m $1.3bn $1.3bn 0.27% Added +5.5m +5,547,311
10 STATE STREET CORP 0.05% of their portfolio BOSTON, MA 10,485,07310.5m $1.2bn $1.2bn 0.05% Added +84.8k +84,822
11 JPMORGAN CHASE & CO 0.05% of their portfolio NEW YORK, NY 10,176,76410.2m $1.2bn $1.2bn 0.05% Reduced -1.6m -1,605,996
12 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.78% of their portfolio BOSTON, MA 7,232,2187.2m $840.7m $840.7m 0.78% Added +2.4m +2,380,993
13 NORGES BANK 0.13% of their portfolio OSLO, Q8 7,138,7207.1m $829.9m $829.9m 0.13% Reduced -209.9k -209,872
14 Assenagon Asset Management S.A. 1.57% of their portfolio SENNINGERBERG, N4 5,087,2555.1m $591.4m $591.4m 1.57% Added +5.1m +5,055,169
15 Invesco Ltd. 0.13% of their portfolio ATLANTA, GA 5,026,7795.0m $584.4m $584.4m 0.13% Added +366.8k +366,793
16 PRICE T ROWE ASSOCIATES INC /MD/ 0.07% of their portfolio BALTIMORE, MD 4,704,2644.7m $546.9m $546.9m 0.07% Reduced -212.8k -212,806
17 E Fund Management Co., Ltd. 32.84% of their portfolio GUANGZHOU, F4 4,561,2794.6m $530.2m $530.2m 32.84% Reduced -20.7k -20,661
18 BANK OF AMERICA CORP /DE/ 0.05% of their portfolio CHARLOTTE, NC 4,079,9704.1m $474.3m $474.3m 0.05% Added +2.9m +2,912,782
19 GEODE CAPITAL MANAGEMENT, LLC 0.04% of their portfolio BOSTON, MA 4,029,0564.0m $466.0m $466.0m 0.04% Added +191.2k +191,208
20 Legal & General Group Plc 0.13% of their portfolio London, X0 3,772,8493.8m $438.6m $438.6m 0.13% Reduced -17.1k -17,104
21 IDG China Venture Capital Fund IV Associates L.P. 98.63% of their portfolio HONG KONG, K3 3,756,8673.8m $436.7m $436.7m 98.63% Reduced -931.5k -931,533
22 HSBC HOLDINGS PLC 0.30% of their portfolio LONDON, X0 3,685,6763.7m $428.4m $428.4m 0.30% Added +812.2k +812,202
23 SRS Investment Management, LLC 5.86% of their portfolio New York, NY 3,647,2473.6m $424.0m $424.0m 5.86% Reduced -643.3k -643,266
24 Greenwoods Asset Management Hong Kong Ltd. 13.10% of their portfolio HONG KONG, K3 3,634,6673.6m $422.5m $422.5m 13.10% Reduced -1.1m -1,100,702
25 Tairen Capital Ltd 25.53% of their portfolio HONG KONG, K3 3,590,3003.6m $417.4m $417.4m 25.53% Added +1.3m +1,326,863
26 Krane Funds Advisors LLC 16.04% of their portfolio NEW YORK, NY 3,294,6193.3m $390.4m $390.4m 16.04% Added +94.9k +94,945
27 FIL Ltd 0.36% of their portfolio HAMILTON, D0 3,134,8613.1m $364.4m $364.4m 0.36% Reduced -923.9k -923,887
28 BNP PARIBAS FINANCIAL MARKETS 0.42% of their portfolio PARIS, I0 2,916,0922.9m $339.0m $339.0m 0.42% Added +369.4k +369,392
29 MARSHALL WACE, LLP 0.50% of their portfolio LONDON, X0 2,592,8862.6m $301.4m $301.4m 0.50% Reduced -107.6k -107,620
30 Robeco Institutional Asset Management B.V. 0.62% of their portfolio ROTTERDAM, P7 2,470,8322.5m $287.2m $287.2m 0.62% Reduced -36.7k -36,704
31 OLP CAPITAL MANAGEMENT Ltd 44.17% of their portfolio CAUSEWAY BAY, K3 2,369,8882.4m $275.5m $275.5m 44.17% Reduced -672.0k -671,993
32 UBS Group AG 0.08% of their portfolio ZURICH, V8 2,146,0402.1m $249.5m $249.5m 0.08% Added +207.7k +207,650
33 DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio AUSTIN, TX 2,127,5962.1m $247.3m $247.3m 0.07% Added +507.9k +507,890
34 APPALOOSA LP 3.65% of their portfolio Short Hills, NJ 2,100,0002.1m $244.1m $244.1m 3.65% Added +1.3m +1,325,000
35 SCHRODER INVESTMENT MANAGEMENT GROUP 0.28% of their portfolio London, X0 2,017,7762.0m $234.6m $234.6m 0.28% Reduced -720.6k -720,601
36 CoreView Capital Management Ltd 31.89% of their portfolio HONG KONG, K3 1,962,4512.0m $228.1m $228.1m 31.89% Unchanged
37 Newlands Management Operations LLC 1.83% of their portfolio DALLAS, TX 1,955,6532.0m $227.3m $227.3m 1.83% Added +6.6k +6,613
38 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.56% of their portfolio CHICAGO, IL 1,862,2181.9m $216.5m $216.5m 0.56% Reduced -438.6k -438,575
39 First Beijing Investment Ltd 40.87% of their portfolio HONG KONG, K3 1,826,1961.8m $212.3m $212.3m 40.87% Added +6.8k +6,803
40 Nuveen Asset Management, LLC 0.06% of their portfolio CHICAGO, IL 1,820,9321.8m $211.7m $211.7m 0.06% Reduced -281.6k -281,635
41 Altimeter Capital Management, LP 3.16% of their portfolio MENLO PARK, CA 1,767,9311.8m $205.5m $205.5m 3.16% Reduced -114.8k -114,839
42 ACADIAN ASSET MANAGEMENT LLC 0.72% of their portfolio Boston, MA 1,766,6441.8m $205.4m $205.4m 0.72% Reduced -192.2k -192,156
43 APG Asset Management N.V. 0.33% of their portfolio Amsterdam, P7 1,726,0041.7m $185.8m $185.8m 0.33% Added +248.4k +248,400
44 PUBLIC INVESTMENT FUND 1.10% of their portfolio AL AQIQ DISTRICT, RIYADH, T0 1,703,2751.7m $198.0m $198.0m 1.10% Unchanged
45 Squarepoint Ops LLC 0.81% of their portfolio NEW YORK, NY 1,693,7661.7m $196.9m $196.9m 0.81% Added +1.2m +1,212,510
46 Trivest Advisors Ltd 6.44% of their portfolio Hong Kong, K3 1,576,7001.6m $183.3m $183.3m 6.44% Added +531.7k +531,700
47 MILLENNIUM MANAGEMENT LLC 0.15% of their portfolio NEW YORK, NY 1,568,1551.6m $182.3m $182.3m 0.15% Added +797.1k +797,088
48 Bridgewater Associates, LP 0.91% of their portfolio Westport, CT 1,544,4971.5m $179.5m $179.5m 0.91% Reduced -892.2k -892,158
49 Sumitomo Mitsui Trust Group, Inc. 0.12% of their portfolio CHIYODA-KU, TOKYO, M0 1,455,8101.5m $169.2m $169.2m 0.12% Reduced -13.0k -13,039
50 Capital Today Evergreen Fund, L.P. 91.48% of their portfolio Grand Cayman, E9 1,453,9001.5m $169.0m $169.0m 91.48% Reduced -1.0m -1,000,000
51 HSG Holding Ltd 16.58% of their portfolio NA, K3 1,399,4441.4m $179.2m $179.2m 16.58% Reduced -193.1k -193,066
52 Coronation Fund Managers Ltd. 4.28% of their portfolio Cape Town, T3 1,354,2911.4m $157.4m $157.4m 4.28% Added +648.1k +648,140
53 Swiss National Bank 0.11% of their portfolio ZURICH, V8 1,349,7091.3m $156.9m $156.9m 0.11% Added +10.8k +10,769
54 BARCLAYS PLC 0.07% of their portfolio LONDON, X0 1,334,0111.3m $155.1m $155.1m 0.07% Added +184.8k +184,821
55 Bank of New York Mellon Corp 0.03% of their portfolio NEW YORK, NY 1,331,9841.3m $154.8m $154.8m 0.03% Reduced -223.5k -223,454
56 DEUTSCHE BANK AG\ 0.07% of their portfolio FRANKFURT AM MAIN, 2M 1,324,7601.3m $154.0m $154.0m 0.07% Reduced -7.5k -7,504
57 SCGE MANAGEMENT, L.P. 2.81% of their portfolio MENLO PARK, CA 1,276,0001.3m $148.3m $148.3m 2.81% Unchanged
58 NATIONAL BANK OF CANADA /FI/ 0.30% of their portfolio MONTREAL, A8 1,271,5151.3m $173.3m $173.3m 0.30% Added +971.6k +971,560
59 Mirae Asset Global Investments Co., Ltd. 0.25% of their portfolio SEOUL, M5 1,270,3121.3m $114.0m $114.0m 0.25% Reduced -252.8k -252,844
60 Whale Rock Capital Management LLC 2.14% of their portfolio Boston, MA 1,238,5841.2m $144.0m $144.0m 2.14% Reduced -480.7k -480,688
61 Pictet Asset Management Holding SA 0.16% of their portfolio CAROUGE, V8 1,231,3361.2m $143.1m $143.1m 0.16% Reduced -149.3k -149,337
62 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 1,197,4041.2m $139.2m $139.2m 0.04% Reduced -94.8k -94,792
63 ALLIANCEBERNSTEIN L.P. 0.05% of their portfolio NASHVILLE, TN 1,162,2611.2m $135.1m $135.1m 0.05% Added +608.6k +608,635
64 NORTHERN TRUST CORP 0.02% of their portfolio CHICAGO, IL 1,161,7771.2m $135.1m $135.1m 0.02% Added +22.5k +22,505
65 Perseverance Asset Management International 23.89% of their portfolio GEORGE TOWN, E9 1,137,9521.1m $132.3m $132.3m 23.89% Added +488.2k +488,196
66 Cederberg Capital Ltd 36.51% of their portfolio LONDON, X0 1,132,7001.1m $131.7m $131.7m 36.51% Reduced -267.6k -267,600
67 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.44% of their portfolio TORONTO, A6 1,086,0001.1m $126.2m $126.2m 0.44% Added +672.4k +672,400
68 Dragoneer Investment Group, LLC 2.91% of their portfolio SAN FRANCISCO, CA 1,080,4921.1m $125.6m $125.6m 2.91% Reduced -1.0m -1,016,960
69 FIRST TRUST ADVISORS LP 0.13% of their portfolio Wheaton, IL 1,064,4041.1m $123.7m $123.7m 0.13% Added +208.1k +208,130
70 California Public Employees Retirement System 0.09% of their portfolio Sacramento, CA 1,050,3961.1m $122.1m $122.1m 0.09% Reduced -34.0k -34,027
71 Ninety One UK Ltd 0.33% of their portfolio London, X0 1,022,9861.0m $118.9m $118.9m 0.33% Reduced -587.7k -587,748
72 WT Asset Management Ltd 11.84% of their portfolio HONG KONG, K3 1,011,2261.0m $117.6m $117.6m 11.84% Added +736.1k +736,096
73 Qube Research & Technologies Ltd 0.21% of their portfolio LONDON, X0 996,090996.1k $115.8m $115.8m 0.21% Added +639.5k +639,457
74 VICTORY CAPITAL MANAGEMENT INC 0.11% of their portfolio San Antonio, TX 971,030971.0k $112.9m $112.9m 0.11% Added +49.6k +49,650
75 Allianz Asset Management GmbH 0.19% of their portfolio MUNICH, 2M 963,180963.2k $112.0m $112.0m 0.19% Reduced -110.7k -110,737
76 Origin Asset Management LLP 30.66% of their portfolio LONDON, X0 957,918957.9k $111.4m $111.4m 30.66% Reduced -22.6k -22,630
77 CREDIT SUISSE AG/ 0.11% of their portfolio ZURICH, V8 943,951944.0k $109.7m $109.7m 0.11% Reduced -14.3k -14,251
78 Genesis Investment Management, LLP 22.56% of their portfolio London, X0 929,858929.9k $108.1m $108.1m 22.56% Reduced -13.2k -13,200
79 CANADA LIFE ASSURANCE Co 0.21% of their portfolio WINNIPEG, A2 904,074904.1k $105.2m $105.2m 0.21% Reduced -10.8k -10,784
80 Franchise Capital Ltd 19.51% of their portfolio GRAND CAYMAN, E9 902,426902.4k $104.9m $104.9m 19.51% Reduced -628.0k -627,966
81 COATUE MANAGEMENT LLC 0.41% of their portfolio New York, NY 902,378902.4k $104.9m $104.9m 0.41% Added +164.0k +163,958
82 PRINCIPAL FINANCIAL GROUP INC 0.06% of their portfolio DES MOINES, IA 887,931887.9k $103.2m $103.2m 0.06% Added +161.2k +161,175
83 1832 Asset Management L.P. 0.18% of their portfolio TORONTO, A6 839,200839.2k $97.6m $97.6m 0.18% Reduced -70.7k -70,700
84 Man Group plc 0.26% of their portfolio LONDON, X0 836,448836.4k $97.2m $97.2m 0.26% Added +426.6k +426,621
85 Connor, Clark & Lunn Investment Management Ltd. 0.41% of their portfolio VANCOUVER, A1 818,783818.8k $95.2m $95.2m 0.41% Added +184.3k +184,280
86 Point72 Asset Management, L.P. 0.27% of their portfolio STAMFORD, CT 812,733812.7k $94.5m $94.5m 0.27% Added +523.7k +523,733
87 PRUDENTIAL PLC 0.77% of their portfolio LONDON, X0 804,908804.9k $93.6m $93.6m 0.77% Added +130.3k +130,254
88 AQR CAPITAL MANAGEMENT LLC 0.16% of their portfolio Greenwich, CT 801,939801.9k $93.2m $93.2m 0.16% Added +24.3k +24,261
89 Pinpoint Asset Management Ltd 14.64% of their portfolio HONG KONG, K3 779,986780.0k $91.2m $91.2m 14.64% Added +107.0k +106,996
90 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 746,545746.5k $86.8m $86.8m 0.02% Reduced -11.9k -11,943
91 ProShare Advisors LLC 0.23% of their portfolio BETHESDA, MD 738,881738.9k $85.9m $85.9m 0.23% Added +150.0k +149,979
92 RWC ASSET ADVISORS (US) LLC 6.60% of their portfolio MIAMI, FL 723,197723.2k $84.1m $84.1m 6.60% Reduced -1.2m -1,200,594
93 Point72 Hong Kong Ltd 4.24% of their portfolio HONG KONG, K3 723,097723.1k $84.1m $84.1m 4.24% Added +415.6k +415,586
94 FRANKLIN RESOURCES INC 0.03% of their portfolio San Mateo, CA 686,479686.5k $79.8m $79.8m 0.03% Added +257.9k +257,855
95 CAUSEWAY CAPITAL MANAGEMENT LLC 2.07% of their portfolio LOS ANGELES, CA 682,373682.4k $79.3m $79.3m 2.07% Added +24.9k +24,856
96 CITIGROUP INC 0.09% of their portfolio NEW YORK, NY 678,736678.7k $78.9m $78.9m 0.09% Added +114.1k +114,079
97 IvyRock Asset Management (HK) Ltd 36.70% of their portfolio SHEUNG WAN, K3 678,636678.6k $78.9m $78.9m 36.70% Added +39.0k +38,950
98 JANE STREET GROUP, LLC 0.10% of their portfolio NEW YORK, NY 678,439678.4k $78.9m $78.9m 0.10% Reduced -2.0m -2,034,184
99 Fisher Asset Management, LLC 0.04% of their portfolio PLANO, TX 668,510668.5k $77.7m $77.7m 0.04% Reduced -1.1m -1,058,403
100 Mitsubishi UFJ Trust & Banking Corp 0.18% of their portfolio TOKYO, M0 665,119665.1k $77.5m $77.5m 0.18% Reduced -108.2k -108,183