Vault-13

PDD HOLDINGS INC PDD

SPONSORED ADS · ADR · CUSIP 722304102 · ISIN US7223041028

648 institutional holders +69 vs Q1 2024
440,648,537440.6m shares reported held*
$58.5bnreported value*
140 new 286 added 171 reduced 67 sold out net bought ≈ $4.3bn (+32.6m 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 ($190.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $132.84. Options: 60 managers hold calls ($7.9bn notional), 56 hold puts ($6.3bn).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 413Q4 22: 453Q1 23: 472Q2 23: 455Q3 23: 475Q4 23: 587Q1 24: 579Q2 24: 648648Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 2022413
Q4 2022453
Q1 2023472
Q2 2023455
Q3 2023475
Q4 2023587
Q1 2024579
Q2 2024648

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q4 22: 259 bought or addedQ4 22: 181 cut or sold outQ4 22Q1 23: 266 bought or addedQ1 23: 223 cut or sold outQ2 23: 208 bought or addedQ2 23: 266 cut or sold outQ2 23Q3 23: 296 bought or addedQ3 23: 187 cut or sold outQ4 23: 350 bought or addedQ4 23: 194 cut or sold outQ4 23Q1 24: 320 bought or addedQ1 24: 299 cut or sold outQ2 24: 426 bought or addedQ2 24: 238 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022259181
Q1 2023266223
Q2 2023208266
Q3 2023296187
Q4 2023350194
Q1 2024320299
Q2 2024426238

Calls vs puts

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

CallsPuts
$0$2bn$4bn$6bn$8bnQ3 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 1.26Q2 24 calls: $7.9bnQ2 24 puts: $6.3bnQ2 24P/C 0.79
Numbers
QuarterCallsPutsP/C
Q3 2023$3.1bn$2.7bn0.87
Q4 2023$6.0bn$5.1bn0.85
Q1 2024$3.4bn$4.3bn1.26
Q2 2024$7.9bn$6.3bn0.79

Biggest buyers

HSG Holding Ltd Added +14,895,988+14.9m
GQG Partners LLC New +10,807,761+10.8m
JPMORGAN CHASE & CO Added +6,382,838+6.4m
FMR LLC Added +4,656,721+4.7m
VANGUARD GROUP INC Added +3,983,842+4.0m
NORGES BANK Added +3,192,553+3.2m
FIL Ltd Added +2,161,489+2.2m
PRICE T ROWE ASSOCIATES INC /MD/ Added +2,094,867+2.1m
ACADIAN ASSET MANAGEMENT LLC Added +1,904,155+1.9m
Tairen Capital Ltd Added +1,788,076+1.8m

Biggest sellers

MORGAN STANLEY Reduced -25,588,950-25.6m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduced -10,336,174-10.3m
HHLR ADVISORS, LTD. Reduced -2,899,100-2.9m
Newlands Management Operations LLC Sold out -1,955,653-2.0m
NATIONAL BANK OF CANADA /FI/ Reduced -691,913-691.9k
COATUE MANAGEMENT LLC Reduced -594,677-594.7k
Coronation Fund Managers Ltd. Reduced -591,644-591.6k
Mirae Asset Global Investments Co., Ltd. Reduced -576,040-576.0k
IDG China Venture Capital Fund IV Associates L.P. Reduced -519,823-519.8k
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Reduced -513,679-513.7k

Biggest calls

JANE STREET GROUP, LLC Added $3.1bn23.3m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.3bn9.7m shares
CITADEL ADVISORS LLC Added $808.6m6.1m shares
IMC-Chicago, LLC Added $317.4m2.4m shares
Alpine Investment Management Ltd New $281.2m21.1k shares
NATIONAL BANK OF CANADA /FI/ Added $223.1m16.8k shares
D. E. Shaw & Co., Inc. Added $193.9m1.5m shares
Squarepoint Ops LLC Added $191.6m1.4m shares
SIMPLEX TRADING, LLC Reduced $189.5m1.4m shares
PEAK6 Investments LLC Added $180.1m1.4m shares

Biggest puts

JANE STREET GROUP, LLC Added $1.3bn9.9m shares
GOLDMAN SACHS GROUP INC Added $876.6m6.6m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $644.6m4.8m shares
CITADEL ADVISORS LLC Added $615.7m4.6m shares
IMC-Chicago, LLC Added $344.3m2.6m shares
MILLENNIUM MANAGEMENT LLC Added $237.4m1.8m shares
Squarepoint Ops LLC Reduced $229.9m1.7m shares
SIMPLEX TRADING, LLC Added $229.3m1.7m shares
Walleye Trading LLC Reduced $221.3m1.7m shares
Rokos Capital Management LLP Unchanged $192.0m1.4m 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 Q2 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 Q2 2024.

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BAILLIE GIFFORD & CO 3.64% of their portfolio EDINBURGH, X0 35,128,41035.1m $4.7bn $4.7bn 3.64% Added +348.1k +348,130
2 BlackRock Inc. 0.09% of their portfolio New York, NY 29,116,36329.1m $3.9bn $3.9bn 0.09% Added +973.5k +973,502
3 VANGUARD GROUP INC 0.07% of their portfolio Valley Forge, PA 28,245,41728.2m $3.8bn $3.8bn 0.07% Added +4.0m +3,983,842
4 FMR LLC 0.16% of their portfolio BOSTON, MA 19,275,39719.3m $2.6bn $2.6bn 0.16% Added +4.7m +4,656,721
5 JPMORGAN CHASE & CO 0.09% of their portfolio NEW YORK, NY 16,559,60216.6m $2.2bn $2.2bn 0.09% Added +6.4m +6,382,838
6 HSG Holding Ltd 78.64% of their portfolio NA, K3 16,295,43216.3m $2.1bn $2.1bn 78.64% Added +14.9m +14,895,988
7 SC US (TTGP), LTD. 13.62% of their portfolio Menlo Park, CA 12,695,61712.7m $1.7bn $1.7bn 13.62% Unchanged
8 MORGAN STANLEY 0.12% of their portfolio NEW YORK, NY 11,976,77412.0m $1.6bn $1.6bn 0.12% Reduced -25.6m -25,588,950
9 GOLDMAN SACHS GROUP INC 0.29% of their portfolio NEW YORK, NY 11,194,22411.2m $1.5bn $1.5bn 0.29% Added +190.7k +190,700
10 GQG Partners LLC 2.18% of their portfolio FT. LAUDERDALE, FL 10,807,76110.8m $1.4bn $1.4bn 2.18% New
11 STATE STREET CORP 0.06% of their portfolio BOSTON, MA 10,800,83910.8m $1.4bn $1.4bn 0.06% Added +315.8k +315,766
12 NORGES BANK 0.21% of their portfolio OSLO, Q8 10,331,27310.3m $1.4bn $1.4bn 0.21% Added +3.2m +3,192,553
13 HHLR ADVISORS, LTD. 29.16% of their portfolio GRAND CAYMAN, E9 8,892,4478.9m $1.2bn $1.2bn 29.16% Reduced -2.9m -2,899,100
14 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.98% of their portfolio BOSTON, MA 8,359,9208.4m $1.1bn $1.1bn 0.98% Added +1.1m +1,127,702
15 PRICE T ROWE ASSOCIATES INC /MD/ 0.11% of their portfolio BALTIMORE, MD 6,799,1316.8m $903.9m $903.9m 0.11% Added +2.1m +2,094,867
16 Assenagon Asset Management S.A. 1.96% of their portfolio SENNINGERBERG, N4 5,913,7805.9m $786.2m $786.2m 1.96% Added +826.5k +826,525
17 Invesco Ltd. 0.15% of their portfolio ATLANTA, GA 5,421,0305.4m $720.7m $720.7m 0.15% Added +394.3k +394,251
18 Tairen Capital Ltd 25.66% of their portfolio HONG KONG, K3 5,378,3765.4m $715.1m $715.1m 25.66% Added +1.8m +1,788,076
19 FIL Ltd 0.70% of their portfolio HAMILTON, D0 5,296,3505.3m $704.1m $704.1m 0.70% Added +2.2m +2,161,489
20 Greenwoods Asset Management Hong Kong Ltd. 18.24% of their portfolio HONG KONG, K3 5,206,9485.2m $692.3m $692.3m 18.24% Added +1.6m +1,572,281
21 E Fund Management Co., Ltd. 33.96% of their portfolio GUANGZHOU, F4 4,619,6494.6m $614.2m $614.2m 33.96% Added +58.4k +58,370
22 GEODE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio BOSTON, MA 4,173,2574.2m $551.7m $551.7m 0.05% Added +144.2k +144,201
23 HSBC HOLDINGS PLC 0.34% of their portfolio LONDON, X0 3,914,1513.9m $520.4m $520.4m 0.34% Added +228.5k +228,475
24 BNP PARIBAS FINANCIAL MARKETS 0.56% of their portfolio PARIS, I0 3,878,6773.9m $515.7m $515.7m 0.56% Added +962.6k +962,585
25 Legal & General Group Plc 0.14% of their portfolio London, X0 3,815,6523.8m $507.3m $507.3m 0.14% Added +42.8k +42,803
26 BANK OF AMERICA CORP /DE/ 0.05% of their portfolio CHARLOTTE, NC 3,679,1273.7m $489.1m $489.1m 0.05% Reduced -400.8k -400,843
27 ACADIAN ASSET MANAGEMENT LLC 1.50% of their portfolio Boston, MA 3,670,7993.7m $488.0m $488.0m 1.50% Added +1.9m +1,904,155
28 SRS Investment Management, LLC 6.60% of their portfolio New York, NY 3,647,2473.6m $484.9m $484.9m 6.60% Unchanged
29 Krane Funds Advisors LLC 19.61% of their portfolio NEW YORK, NY 3,496,0563.5m $464.8m $464.8m 19.61% Added +201.4k +201,437
30 IDG China Venture Capital Fund IV Associates L.P. 98.57% of their portfolio HONG KONG, K3 3,237,0443.2m $430.4m $430.4m 98.57% Reduced -519.8k -519,823
31 First Beijing Investment Ltd 40.05% of their portfolio HONG KONG, K3 2,784,1802.8m $370.2m $370.2m 40.05% Added +958.0k +957,984
32 Robeco Institutional Asset Management B.V. 0.76% of their portfolio ROTTERDAM, P7 2,642,3732.6m $351.3m $351.3m 0.76% Added +171.5k +171,541
33 Dragoneer Investment Group, LLC 6.66% of their portfolio SAN FRANCISCO, CA 2,620,8382.6m $348.4m $348.4m 6.66% Added +1.5m +1,540,346
34 OLP CAPITAL MANAGEMENT Ltd 47.64% of their portfolio CAUSEWAY BAY, K3 2,393,2652.4m $318.2m $318.2m 47.64% Added +23.4k +23,377
35 DIMENSIONAL FUND ADVISORS LP 0.08% of their portfolio AUSTIN, TX 2,317,7952.3m $308.2m $308.2m 0.08% Added +190.2k +190,199
36 MARSHALL WACE, LLP 0.40% of their portfolio LONDON, X0 2,105,3352.1m $279.9m $279.9m 0.40% Reduced -487.6k -487,551
37 BARCLAYS PLC 0.12% of their portfolio LONDON, X0 1,962,5612.0m $260.9m $260.9m 0.12% Added +628.5k +628,550
38 SCHRODER INVESTMENT MANAGEMENT GROUP 0.29% of their portfolio London, X0 1,958,5912.0m $260.4m $260.4m 0.29% Reduced -59.2k -59,185
39 MILLENNIUM MANAGEMENT LLC 0.21% of their portfolio NEW YORK, NY 1,946,9341.9m $258.8m $258.8m 0.21% Added +378.8k +378,779
40 APPALOOSA LP 4.18% of their portfolio Short Hills, NJ 1,940,0001.9m $257.9m $257.9m 4.18% Reduced -160.0k -160,000
41 DEUTSCHE BANK AG\ 0.11% of their portfolio FRANKFURT AM MAIN, 2M 1,911,5171.9m $254.1m $254.1m 0.11% Added +586.8k +586,757
42 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.65% of their portfolio CHICAGO, IL 1,869,7821.9m $248.6m $248.6m 0.65% Added +7.6k +7,564
43 Nuveen Asset Management, LLC 0.07% of their portfolio CHICAGO, IL 1,822,4321.8m $242.3m $242.3m 0.07% Added +1.5k +1,500
44 UBS Group AG 0.07% of their portfolio ZURICH, V8 1,800,2351.8m $239.3m $239.3m 0.07% Reduced -345.8k -345,805
45 Altimeter Capital Management, LP 3.39% of their portfolio MENLO PARK, CA 1,714,1851.7m $227.9m $227.9m 3.39% Reduced -53.7k -53,746
46 PUBLIC INVESTMENT FUND 1.29% of their portfolio AL AQIQ DISTRICT, RIYADH, T0 1,703,2751.7m $226.5m $226.5m 1.29% Unchanged
47 Trivest Advisors Ltd 11.47% of their portfolio Hong Kong, K3 1,664,1601.7m $221.3m $221.3m 11.47% Added +87.5k +87,460
48 Perseverance Asset Management International 27.64% of their portfolio GEORGE TOWN, E9 1,585,1061.6m $210.7m $210.7m 27.64% Added +447.2k +447,154
49 CoreView Capital Management Ltd 32.82% of their portfolio HONG KONG, K3 1,572,4511.6m $209.1m $209.1m 32.82% Reduced -390.0k -390,000
50 ALLIANCEBERNSTEIN L.P. 0.07% of their portfolio NASHVILLE, TN 1,541,5351.5m $204.9m $204.9m 0.07% Added +379.3k +379,274
51 Aspex Management (HK) Ltd 4.35% of their portfolio CENTRAL, K3 1,531,8671.5m $203.7m $203.7m 4.35% Added +881.5k +881,502
52 Bank of New York Mellon Corp 0.04% of their portfolio NEW YORK, NY 1,504,4991.5m $200.0m $200.0m 0.04% Added +172.5k +172,515
53 APG Asset Management N.V. 0.32% of their portfolio Amsterdam, P7 1,467,9281.5m $182.1m $182.1m 0.32% Reduced -258.1k -258,076
54 Capital Today Evergreen Fund, L.P. 88.55% of their portfolio Grand Cayman, E9 1,453,9001.5m $193.3m $193.3m 88.55% Unchanged
55 Sumitomo Mitsui Trust Group, Inc. 0.14% of their portfolio CHIYODA-KU, TOKYO, M0 1,448,1991.4m $192.5m $192.5m 0.14% Reduced -7.6k -7,611
56 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.69% of their portfolio JUPITER, FL 1,405,8251.4m $186.9m $186.9m 0.69% New
57 Swiss National Bank 0.12% of their portfolio ZURICH, V8 1,346,6091.3m $179.0m $179.0m 0.12% Reduced -3.1k -3,100
58 RENAISSANCE TECHNOLOGIES LLC 0.30% of their portfolio NEW YORK, NY 1,326,3001.3m $176.3m $176.3m 0.30% New
59 Pictet Asset Management Holding SA 0.19% of their portfolio CAROUGE, V8 1,278,7261.3m $170.0m $170.0m 0.19% Added +47.4k +47,390
60 SCGE MANAGEMENT, L.P. 3.31% of their portfolio MENLO PARK, CA 1,276,0001.3m $169.6m $169.6m 3.31% Unchanged
61 Squarepoint Ops LLC 0.63% of their portfolio NEW YORK, NY 1,259,9531.3m $167.5m $167.5m 0.63% Reduced -433.8k -433,813
62 Bridgewater Associates, LP 0.87% of their portfolio Westport, CT 1,254,8661.3m $166.8m $166.8m 0.87% Reduced -289.6k -289,631
63 Whale Rock Capital Management LLC 2.27% of their portfolio Boston, MA 1,204,6941.2m $160.2m $160.2m 2.27% Reduced -33.9k -33,890
64 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 1,192,7941.2m $158.6m $158.6m 0.04% Reduced -4.6k -4,610
65 California Public Employees Retirement System 0.12% of their portfolio Sacramento, CA 1,187,2431.2m $157.8m $157.8m 0.12% Added +136.8k +136,847
66 NORTHERN TRUST CORP 0.03% of their portfolio CHICAGO, IL 1,172,1601.2m $155.8m $155.8m 0.03% Added +10.4k +10,383
67 Franchise Capital Ltd 36.60% of their portfolio GRAND CAYMAN, E9 1,138,2211.1m $151.3m $151.3m 36.60% Added +235.8k +235,795
68 Qube Research & Technologies Ltd 0.26% of their portfolio LONDON, X0 1,045,7441.0m $139.0m $139.0m 0.26% Added +49.7k +49,654
69 Ninety One UK Ltd 0.38% of their portfolio London, X0 1,030,3541.0m $137.0m $137.0m 0.38% Added +7.4k +7,368
70 Connor, Clark & Lunn Investment Management Ltd. 0.56% of their portfolio VANCOUVER, A1 1,002,5131.0m $133.3m $133.3m 0.56% Added +183.7k +183,730
71 Origin Asset Management LLP 33.06% of their portfolio LONDON, X0 994,701994.7k $132.2m $132.2m 33.06% Added +36.8k +36,783
72 PRUDENTIAL PLC 0.91% of their portfolio LONDON, X0 989,157989.2k $131.5m $131.5m 0.91% Added +184.2k +184,249
73 VICTORY CAPITAL MANAGEMENT INC 0.13% of their portfolio San Antonio, TX 957,030957.0k $127.2m $127.2m 0.13% Reduced -14.0k -14,000
74 Genesis Investment Management, LLP 25.00% of their portfolio London, X0 956,466956.5k $127.2m $127.2m 25.00% Added +26.6k +26,608
75 Cederberg Capital Ltd 41.56% of their portfolio LONDON, X0 951,000951.0k $126.4m $126.4m 41.56% Reduced -181.7k -181,700
76 Man Group plc 0.33% of their portfolio LONDON, X0 935,282935.3k $124.3m $124.3m 0.33% Added +98.8k +98,834
77 WT Asset Management Ltd 12.09% of their portfolio HONG KONG, K3 933,702933.7k $124.1m $124.1m 12.09% Reduced -77.5k -77,524
78 FIRST TRUST ADVISORS LP 0.12% of their portfolio Wheaton, IL 904,241904.2k $120.2m $120.2m 0.12% Reduced -160.2k -160,163
79 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio NEW YORK, NY 891,622891.6k $118.5m $118.5m 0.03% Reduced -10.3m -10,336,174
80 FRANKLIN RESOURCES INC 0.04% of their portfolio San Mateo, CA 884,952885.0k $117.7m $117.7m 0.04% Added +198.5k +198,473
81 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 881,697881.7k $117.2m $117.2m 0.02% Added +135.2k +135,152
82 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.11% of their portfolio Toronto, A6 874,604874.6k $116.3m $116.3m 0.11% Added +362.1k +362,084
83 Aberdeen Group plc 0.22% of their portfolio EDINBURGH, X0 874,272874.3k $116.2m $116.2m 0.22% Added +219.9k +219,931
84 PRINCIPAL FINANCIAL GROUP INC 0.07% of their portfolio DES MOINES, IA 868,495868.5k $115.5m $115.5m 0.07% Reduced -19.4k -19,436
85 PLATINUM INVESTMENT MANAGEMENT LTD 4.67% of their portfolio SYDNEY AUSTRALIA 2000, C3 867,447867.4k $115.3m $115.3m 4.67% Added +309.6k +309,614
86 RWC ASSET ADVISORS (US) LLC 11.71% of their portfolio MIAMI, FL 863,584863.6k $114.8m $114.8m 11.71% Added +140.4k +140,387
87 IMC-Chicago, LLC 3.61% of their portfolio CHICAGO, IL 846,216846.2k $112.5m $112.5m 3.61% Added +535.9k +535,941
88 IvyRock Asset Management (HK) Ltd 47.88% of their portfolio SHEUNG WAN, K3 845,336845.3k $112.4m $112.4m 47.88% Added +166.7k +166,700
89 Pinpoint Asset Management Ltd 17.08% of their portfolio HONG KONG, K3 843,757843.8k $121.2m $121.2m 17.08% Added +63.8k +63,771
90 CANADA LIFE ASSURANCE Co 0.21% of their portfolio WINNIPEG, A2 827,904827.9k $110.1m $110.1m 0.21% Reduced -76.2k -76,170
91 Allianz Asset Management GmbH 0.17% of their portfolio MUNICH, 2M 803,869803.9k $106.9m $106.9m 0.17% Reduced -159.3k -159,311
92 AQR CAPITAL MANAGEMENT LLC 0.16% of their portfolio Greenwich, CT 785,155785.2k $103.7m $103.7m 0.16% Reduced -16.8k -16,784
93 JANE STREET GROUP, LLC 0.11% of their portfolio NEW YORK, NY 783,931783.9k $104.2m $104.2m 0.11% Added +105.5k +105,492
94 Coronation Fund Managers Ltd. 5.85% of their portfolio Cape Town, T3 762,647762.6k $101.4m $101.4m 5.85% Reduced -591.6k -591,644
95 CITIGROUP INC 0.10% of their portfolio NEW YORK, NY 759,207759.2k $100.9m $100.9m 0.10% Added +80.5k +80,471
96 CAUSEWAY CAPITAL MANAGEMENT LLC 2.70% of their portfolio LOS ANGELES, CA 744,603744.6k $99.0m $99.0m 2.70% Added +62.2k +62,230
97 BAMCO INC /NY/ 0.27% of their portfolio NEW YORK, NY 706,102706.1k $93.9m $93.9m 0.27% Added +143.5k +143,502
98 Mirae Asset Global Investments Co., Ltd. 0.42% of their portfolio SEOUL, M5 694,272694.3k $84.3m $84.3m 0.42% Reduced -576.0k -576,040
99 Russell Investments Group, Ltd. 0.15% of their portfolio Seattle, WA 690,124690.1k $91.4m $91.4m 0.15% Added +93.8k +93,833
100 BARINGS LLC 2.23% of their portfolio CHARLOTTE, NC 689,810689.8k $91.7m $91.7m 2.23% Added +85.5k +85,506