Vault-13

PDD HOLDINGS INC PDD

SPONSORED ADS · ADR · CUSIP 722304102 · ISIN US7223041028

603 institutional holders -45 vs Q2 2024
430,928,551430.9m shares reported held*
$56.7bnreported value*
87 new 237 added 225 reduced 137 sold out net sold ≈ $2.0bn (-13.3m 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 ($115.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $131.55. Options: 60 managers hold calls ($11.1bn notional), 55 hold puts ($7.4bn).

Trends to Q3 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: 648Q3 24: 603603Q3 22Q1 23Q3 23Q1 24Q3 24
Numbers
QuarterHolders
Q3 2022413
Q4 2022453
Q1 2023472
Q2 2023455
Q3 2023475
Q4 2023587
Q1 2024579
Q2 2024648
Q3 2024603

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 outQ1 23: 266 bought or addedQ1 23: 223 cut or sold outQ1 23Q2 23: 208 bought or addedQ2 23: 266 cut or sold outQ3 23: 296 bought or addedQ3 23: 187 cut or sold outQ3 23Q4 23: 350 bought or addedQ4 23: 194 cut or sold outQ1 24: 320 bought or addedQ1 24: 299 cut or sold outQ1 24Q2 24: 426 bought or addedQ2 24: 238 cut or sold outQ3 24: 324 bought or addedQ3 24: 362 cut or sold outQ3 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022259181
Q1 2023266223
Q2 2023208266
Q3 2023296187
Q4 2023350194
Q1 2024320299
Q2 2024426238
Q3 2024324362

Calls vs puts

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

CallsPuts
$0$5bn$10bn$15bnQ4 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 0.79Q3 24 calls: $11.1bnQ3 24 puts: $7.4bnQ3 24P/C 0.66
Numbers
QuarterCallsPutsP/C
Q4 2023$6.0bn$5.1bn0.85
Q1 2024$3.4bn$4.3bn1.26
Q2 2024$7.9bn$6.3bn0.79
Q3 2024$11.1bn$7.4bn0.66

Biggest buyers

UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Added +12,253,589+12.3m
H&H International Investment, LLC Added +3,804,600+3.8m
APPALOOSA LP Added +3,361,132+3.4m
COATUE MANAGEMENT LLC Added +2,279,835+2.3m
FMR LLC Added +1,654,764+1.7m
DEUTSCHE BANK AG\ Added +1,653,735+1.7m
MACQUARIE GROUP LTD Added +1,307,621+1.3m
UBS Group AG Added +1,245,642+1.2m
Dragoneer Investment Group, LLC Added +1,123,403+1.1m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Added +1,117,535+1.1m

Biggest sellers

GQG Partners LLC Sold out -10,807,761-10.8m
HHLR ADVISORS, LTD. Reduced -4,125,667-4.1m
ACADIAN ASSET MANAGEMENT LLC Reduced -3,111,530-3.1m
GOLDMAN SACHS GROUP INC Reduced -2,595,906-2.6m
OLP CAPITAL MANAGEMENT Ltd Sold out -2,393,265-2.4m
MILLENNIUM MANAGEMENT LLC Reduced -1,940,514-1.9m
Altimeter Capital Management, LP Sold out -1,714,185-1.7m
CoreView Capital Management Ltd Sold out -1,572,451-1.6m
Aspex Management (HK) Ltd Sold out -1,531,867-1.5m
MORGAN STANLEY Reduced -1,432,339-1.4m

Biggest calls

JANE STREET GROUP, LLC Reduced $3.0bn22.0m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.6bn19.3m shares
CITADEL ADVISORS LLC Added $1.2bn9.1m shares
GOLDMAN SACHS GROUP INC Added $608.4m4.5m shares
IMC-Chicago, LLC Added $603.9m4.5m shares
SIMPLEX TRADING, LLC Added $341.9m2.5m shares
PEAK6 Investments LLC Added $250.5m1.9m shares
Parallax Volatility Advisers, L.P. Added $246.8m1.8m shares
Squarepoint Ops LLC Added $209.6m1.6m shares
MILLENNIUM MANAGEMENT LLC Added $206.7m1.5m shares

Biggest puts

JANE STREET GROUP, LLC Reduced $1.3bn9.8m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.0bn7.6m shares
GOLDMAN SACHS GROUP INC Reduced $873.5m6.5m shares
CITADEL ADVISORS LLC Added $851.6m6.3m shares
IMC-Chicago, LLC Added $524.4m3.9m shares
MILLENNIUM MANAGEMENT LLC Added $396.7m2.9m shares
SIMPLEX TRADING, LLC Added $358.8m2.7m shares
UBS Group AG Added $206.0m1.5m shares
Walleye Trading LLC Reduced $193.1m1.4m shares
PEAK6 Investments LLC Added $183.0m1.4m 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 Q3 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 Q3 2024.

Holders, Q3 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BAILLIE GIFFORD & CO 3.64% of their portfolio EDINBURGH, X0 36,116,45236.1m $4.9bn $4.9bn 3.64% Added +988.0k +988,042
2 BlackRock, Inc. 0.09% of their portfolio New York, NY 33,011,13433.0m $4.5bn $4.5bn 0.09% First filing
3 VANGUARD GROUP INC 0.07% of their portfolio Valley Forge, PA 28,393,94728.4m $3.8bn $3.8bn 0.07% Added +148.5k +148,530
4 FMR LLC 0.17% of their portfolio BOSTON, MA 20,930,16120.9m $2.8bn $2.8bn 0.17% Added +1.7m +1,654,764
5 HSG Holding Ltd 74.66% of their portfolio NA, K3 15,444,77015.4m $1.9bn $1.9bn 74.66% Reduced -850.7k -850,662
6 JPMORGAN CHASE & CO 0.08% of their portfolio NEW YORK, NY 15,434,83815.4m $2.1bn $2.1bn 0.08% Reduced -1.1m -1,124,764
7 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.46% of their portfolio NEW YORK, NY 13,145,21113.1m $1.8bn $1.8bn 0.46% Added +12.3m +12,253,589
8 SC US (TTGP), LTD. 11.84% of their portfolio Menlo Park, CA 12,032,99612.0m $1.6bn $1.6bn 11.84% Reduced -662.6k -662,621
9 STATE STREET CORP 0.06% of their portfolio BOSTON, MA 11,664,70711.7m $1.6bn $1.6bn 0.06% Added +863.9k +863,868
10 MORGAN STANLEY 0.10% of their portfolio NEW YORK, NY 10,544,43510.5m $1.4bn $1.4bn 0.10% Reduced -1.4m -1,432,339
11 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.15% of their portfolio BOSTON, MA 9,477,4559.5m $182.1m $182.1m 0.15% Added +1.1m +1,117,535
12 NORGES BANK 0.18% of their portfolio OSLO, Q8 9,358,2099.4m $1.3bn $1.3bn 0.18% Reduced -973.1k -973,064
13 GOLDMAN SACHS GROUP INC 0.22% of their portfolio NEW YORK, NY 8,598,3188.6m $1.2bn $1.2bn 0.22% Reduced -2.6m -2,595,906
14 Assenagon Asset Management S.A. 1.61% of their portfolio SENNINGERBERG, N4 5,805,4345.8m $782.6m $782.6m 1.61% Reduced -108.3k -108,346
15 Tairen Capital Ltd 23.56% of their portfolio HONG KONG, K3 5,515,3775.5m $665.1m $665.1m 23.56% Added +137.0k +137,001
16 PRICE T ROWE ASSOCIATES INC /MD/ 0.08% of their portfolio BALTIMORE, MD 5,403,0025.4m $728.4m $728.4m 0.08% Reduced -1.4m -1,396,129
17 APPALOOSA LP 10.62% of their portfolio Short Hills, NJ 5,301,1325.3m $714.6m $714.6m 10.62% Added +3.4m +3,361,132
18 HHLR ADVISORS, LTD. 14.11% of their portfolio GRAND CAYMAN, E9 4,766,7804.8m $642.6m $642.6m 14.11% Reduced -4.1m -4,125,667
19 GEODE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio BOSTON, MA 4,686,5054.7m $627.1m $627.1m 0.05% Added +513.2k +513,248
20 Invesco Ltd. 0.12% of their portfolio ATLANTA, GA 4,671,7364.7m $629.8m $629.8m 0.12% Reduced -749.3k -749,294
21 E Fund Management Co., Ltd. 32.31% of their portfolio GUANGZHOU, F4 4,663,9724.7m $628.8m $628.8m 32.31% Added +44.3k +44,323
22 FIL Ltd 0.57% of their portfolio HAMILTON, D0 4,627,9954.6m $623.9m $623.9m 0.57% Reduced -668.4k -668,355
23 Greenwoods Asset Management Hong Kong Ltd. 19.33% of their portfolio HONG KONG, K3 4,517,7864.5m $609.0m $609.0m 19.33% Reduced -689.2k -689,162
24 BNP PARIBAS FINANCIAL MARKETS 0.58% of their portfolio PARIS, I0 4,392,6744.4m $592.2m $592.2m 0.58% Added +514.0k +513,997
25 HSBC HOLDINGS PLC 0.37% of their portfolio LONDON, X0 4,362,0494.4m $588.2m $588.2m 0.37% Added +447.9k +447,898
26 SRS Investment Management, LLC 8.74% of their portfolio New York, NY 4,351,5174.4m $586.6m $586.6m 8.74% Added +704.3k +704,270
27 Legal & General Group Plc 0.15% of their portfolio London, X0 4,154,9274.2m $560.1m $560.1m 0.15% Added +339.3k +339,275
28 H&H International Investment, LLC 3.18% of their portfolio PALO ALTO, CA 3,907,6003.9m $526.8m $526.8m 3.18% Added +3.8m +3,804,600
29 Dragoneer Investment Group, LLC 8.78% of their portfolio SAN FRANCISCO, CA 3,744,2413.7m $504.8m $504.8m 8.78% Added +1.1m +1,123,403
30 DEUTSCHE BANK AG\ 0.20% of their portfolio FRANKFURT AM MAIN, 2M 3,565,2523.6m $480.6m $480.6m 0.20% Added +1.7m +1,653,735
31 First Beijing Investment Ltd 35.19% of their portfolio HONG KONG, K3 3,554,7193.6m $479.2m $479.2m 35.19% Added +770.5k +770,539
32 Krane Funds Advisors LLC 16.03% of their portfolio NEW YORK, NY 3,308,1003.3m $446.0m $446.0m 16.03% Reduced -188.0k -187,956
33 BANK OF AMERICA CORP /DE/ 0.04% of their portfolio CHARLOTTE, NC 3,293,4603.3m $444.0m $444.0m 0.04% Reduced -385.7k -385,667
34 IDG China Venture Capital Fund IV Associates L.P. 99.21% of their portfolio HONG KONG, K3 3,087,7303.1m $416.3m $416.3m 99.21% Reduced -149.3k -149,314
35 UBS Group AG 0.12% of their portfolio ZURICH, V8 3,045,8773.0m $410.6m $410.6m 0.12% Added +1.2m +1,245,642
36 Nuveen Asset Management, LLC 0.10% of their portfolio CHICAGO, IL 2,701,2542.7m $364.2m $364.2m 0.10% Added +878.8k +878,822
37 COATUE MANAGEMENT LLC 1.30% of their portfolio New York, NY 2,587,5362.6m $348.8m $348.8m 1.30% Added +2.3m +2,279,835
38 DIMENSIONAL FUND ADVISORS LP 0.08% of their portfolio AUSTIN, TX 2,486,8772.5m $335.9m $335.9m 0.08% Added +169.1k +169,082
39 Robeco Institutional Asset Management B.V. 0.60% of their portfolio ROTTERDAM, P7 2,235,4752.2m $301.4m $301.4m 0.60% Reduced -406.9k -406,898
40 MARSHALL WACE, LLP 0.31% of their portfolio LONDON, X0 1,788,5121.8m $241.1m $241.1m 0.31% Reduced -316.8k -316,823
41 BARCLAYS PLC 0.10% of their portfolio LONDON, X0 1,758,3581.8m $237.0m $237.0m 0.10% Reduced -204.2k -204,203
42 Perseverance Asset Management International 27.31% of their portfolio GEORGE TOWN, E9 1,757,9061.8m $237.0m $237.0m 27.31% Added +172.8k +172,800
43 PUBLIC INVESTMENT FUND 1.18% of their portfolio AL AQIQ DISTRICT, RIYADH, T0 1,703,2751.7m $229.6m $229.6m 1.18% Unchanged
44 Sumitomo Mitsui Trust Group, Inc. 0.16% of their portfolio CHIYODA-KU, TOKYO, M0 1,680,3801.7m $226.5m $226.5m 0.16% Added +232.2k +232,181
45 SCHRODER INVESTMENT MANAGEMENT GROUP 0.23% of their portfolio London, X0 1,634,6311.6m $221.3m $221.3m 0.23% Reduced -324.0k -323,960
46 ALLIANCEBERNSTEIN L.P. 0.07% of their portfolio NASHVILLE, TN 1,625,5231.6m $219.1m $219.1m 0.07% Added +84.0k +83,988
47 Pictet Asset Management Holding SA 0.24% of their portfolio CAROUGE, V8 1,590,0731.6m $214.4m $214.4m 0.24% Added +311.3k +311,347
48 Swiss National Bank 0.14% of their portfolio ZURICH, V8 1,575,7441.6m $212.4m $212.4m 0.14% Added +229.1k +229,135
49 Capital Today Evergreen Fund, L.P. 82.87% of their portfolio Grand Cayman, E9 1,557,7321.6m $210.0m $210.0m 82.87% Added +103.8k +103,832
50 Bank of New York Mellon Corp 0.04% of their portfolio NEW YORK, NY 1,542,8091.5m $208.0m $208.0m 0.04% Added +38.3k +38,310
51 Whale Rock Capital Management LLC 2.89% of their portfolio Boston, MA 1,527,3231.5m $205.9m $205.9m 2.89% Added +322.6k +322,629
52 MACQUARIE GROUP LTD 0.22% of their portfolio Sydney, NSW 2000, C3 1,505,5701.5m $203.0m $203.0m 0.22% Added +1.3m +1,307,621
53 NATIONAL BANK OF CANADA /FI/ 0.26% of their portfolio MONTREAL, A8 1,452,0751.5m $195.8m $195.8m 0.26% Added +872.5k +872,473
54 PRUDENTIAL PLC 0.97% of their portfolio LONDON, X0 1,417,8421.4m $191.1m $191.1m 0.97% Added +428.7k +428,685
55 KEYSTONE INVESTORS PTE LTD 12.53% of their portfolio SINGAPORE, U0 1,271,1451.3m $171.4m $171.4m 12.53% Added +960.1k +960,101
56 Bridgewater Associates, LP 0.96% of their portfolio Westport, CT 1,251,8601.3m $168.8m $168.8m 0.96% Reduced -3.0k -3,006
57 Aberdeen Group plc 0.30% of their portfolio EDINBURGH, X0 1,240,2201.2m $165.5m $165.5m 0.30% Added +365.9k +365,948
58 Trivest Advisors Ltd 9.45% of their portfolio Hong Kong, K3 1,233,7001.2m $166.3m $166.3m 9.45% Reduced -430.5k -430,460
59 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 1,176,8891.2m $158.7m $158.7m 0.04% Reduced -15.9k -15,905
60 KEYWISE CAPITAL MANAGEMENT (HK) Ltd 15.42% of their portfolio HONG KONG, K3 1,147,2001.1m $154.7m $154.7m 15.42% Added +603.3k +603,300
61 NORTHERN TRUST CORP 0.03% of their portfolio CHICAGO, IL 1,144,5261.1m $154.3m $154.3m 0.03% Reduced -27.6k -27,634
62 FIRST TRUST ADVISORS LP 0.15% of their portfolio Wheaton, IL 1,132,2851.1m $152.6m $152.6m 0.15% Added +228.0k +228,044
63 PLATINUM INVESTMENT MANAGEMENT LTD 6.67% of their portfolio SYDNEY AUSTRALIA 2000, C3 1,092,6621.1m $147.3m $147.3m 6.67% Added +225.2k +225,215
64 California Public Employees Retirement System 0.10% of their portfolio Sacramento, CA 1,082,6681.1m $146.0m $146.0m 0.10% Reduced -104.6k -104,575
65 SG Americas Securities, LLC 0.50% of their portfolio NEW YORK, NY 964,618964.6k $130.0m $130.0m 0.50% Added +738.8k +738,813
66 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.32% of their portfolio CHICAGO, IL 949,976950.0k $128.0m $128.0m 0.32% Reduced -919.8k -919,806
67 CANADA LIFE ASSURANCE Co 0.22% of their portfolio WINNIPEG, A2 925,660925.7k $124.9m $124.9m 0.22% Added +97.8k +97,756
68 Pinpoint Asset Management Ltd 27.22% of their portfolio HONG KONG, K3 914,797914.8k $126.8m $126.8m 27.22% Added +71.0k +71,040
69 Coronation Fund Managers Ltd. 6.82% of their portfolio Cape Town, T3 912,484912.5k $123.0m $123.0m 6.82% Added +149.8k +149,837
70 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 904,016904.0k $121.9m $121.9m 0.02% Added +22.3k +22,319
71 WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio Boston, MA 888,438888.4k $119.8m $119.8m 0.02% Added +318.6k +318,618
72 Genesis Investment Management, LLP 23.14% of their portfolio London, X0 887,951888.0k $119.7m $119.7m 23.14% Reduced -68.5k -68,515
73 D. E. Shaw & Co., Inc. 0.16% of their portfolio New York, NY 883,973884.0k $119.2m $119.2m 0.16% Added +874.4k +874,386
74 AQR CAPITAL MANAGEMENT LLC 0.16% of their portfolio Greenwich, CT 849,046849.0k $114.5m $114.5m 0.16% Added +63.9k +63,891
75 Franchise Capital Ltd 41.12% of their portfolio GRAND CAYMAN, E9 846,224846.2k $114.1m $114.1m 41.12% Reduced -292.0k -291,997
76 IvyRock Asset Management (HK) Ltd 49.53% of their portfolio SHEUNG WAN, K3 838,536838.5k $113.0m $113.0m 49.53% Reduced -6.8k -6,800
77 SCGE MANAGEMENT, L.P. 2.44% of their portfolio MENLO PARK, CA 830,000830.0k $111.9m $111.9m 2.44% Reduced -446.0k -446,000
78 CITIGROUP INC 0.10% of their portfolio NEW YORK, NY 826,565826.6k $111.4m $111.4m 0.10% Added +67.4k +67,358
79 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.10% of their portfolio Toronto, A6 813,038813.0k $109.6m $109.6m 0.10% Reduced -61.6k -61,566
80 CITADEL ADVISORS LLC 0.11% of their portfolio MIAMI, FL 798,091798.1k $107.6m $107.6m 0.11% Added +426.3k +426,336
81 MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC 17.45% of their portfolio SAN FRANCISCO, CA 786,119786.1k $106.0m $106.0m 17.45% Added +330.6k +330,635
82 Allianz Asset Management GmbH 0.16% of their portfolio MUNICH, 2M 784,529784.5k $105.8m $105.8m 0.16% Reduced -19.3k -19,340
83 CAUSEWAY CAPITAL MANAGEMENT LLC 2.55% of their portfolio LOS ANGELES, CA 768,777768.8k $103.6m $103.6m 2.55% Added +24.2k +24,174
84 LAZARD ASSET MANAGEMENT LLC 0.13% of their portfolio NEW YORK, NY 737,148737.1k $99.4m $99.4m 0.13% Added +79.8k +79,791
85 BARINGS LLC 2.26% of their portfolio CHARLOTTE, NC 717,945717.9k $96.8m $96.8m 2.26% Added +28.1k +28,135
86 SIMPLEX TRADING, LLC 3.23% of their portfolio CHICAGO, IL 710,095710.1k $95.7m $95.7m 3.23% Added +336.0k +336,010
87 ProShare Advisors LLC 0.23% of their portfolio BETHESDA, MD 703,412703.4k $94.8m $94.8m 0.23% Added +52.8k +52,810
88 Fisher Asset Management, LLC 0.04% of their portfolio PLANO, TX 697,867697.9k $94.1m $94.1m 0.04% Added +84.9k +84,901
89 CAT ROCK CAPITAL MANAGEMENT LP 10.54% of their portfolio GREENWICH, CT 690,159690.2k $93.0m $93.0m 10.54% Added +16.0k +16,000
90 Squarepoint Ops LLC 0.30% of their portfolio NEW YORK, NY 680,538680.5k $91.7m $91.7m 0.30% Reduced -579.4k -579,415
91 APG Asset Management N.V. 0.55% of their portfolio Amsterdam, P7 680,128680.1k $82.2m $82.2m 0.55% Reduced -787.8k -787,800
92 Man Group plc 0.26% of their portfolio LONDON, X0 677,888677.9k $91.4m $91.4m 0.26% Reduced -257.4k -257,394
93 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.23% of their portfolio Paris, I0 676,655676.7k $91.2m $91.2m 0.23% Added +18.8k +18,838
94 PRINCIPAL FINANCIAL GROUP INC 0.05% of their portfolio DES MOINES, IA 672,654672.7k $90.7m $90.7m 0.05% Reduced -195.8k -195,841
95 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.03% of their portfolio Boston, MA 669,605669.6k $90.3m $90.3m 0.03% Added +259.9k +259,937
96 Artisan Partners Limited Partnership 0.13% of their portfolio Milwaukee, WI 665,858665.9k $89.8m $89.8m 0.13% Added +266.7k +266,721
97 Connor, Clark & Lunn Investment Management Ltd. 0.43% of their portfolio VANCOUVER, A1 653,896653.9k $88.2m $88.2m 0.43% Reduced -348.6k -348,617
98 Mitsubishi UFJ Asset Management Co., Ltd. 0.09% of their portfolio TOKYO, M0 617,989618.0k $83.3m $83.3m 0.09% Added +131.8k +131,785
99 AVIVA PLC 0.21% of their portfolio LONDON, X0 608,945608.9k $82.1m $82.1m 0.21% Added +40.8k +40,760
100 RENAISSANCE TECHNOLOGIES LLC 0.12% of their portfolio NEW YORK, NY 606,200606.2k $81.7m $81.7m 0.12% Reduced -720.1k -720,100