13FPulse
PD

PDD PDD HOLDINGS INC

2026Q2 · CUSIP 722304102 · Sector: Other

Normal

Fund flows are within the usual range

Funds that own it
500
Institutions that reported holding it to the SEC
Net decrease in holders
65
Last quarter 565 → now 500
How unusual is that
Bottom 20%
Stronger than only 1.6% of US stocks
What the filings say, in one paragraph

500 funds held PDD at the end of 2026Q2, down 65 from the quarter before. Fund flows are within the usual range — nothing unusual. PDD has had 15 buying rushes in its history, and the price moved +4.7% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Other sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2018Q4: holders=106 2019Q1: holders=184 2019Q2: holders=173 2019Q3: holders=186 2019Q4: holders=203 2020Q1: holders=204 2020Q2: holders=268 2020Q3: holders=289 2020Q4: holders=408 2021Q1: holders=437 2021Q2: holders=413 2021Q3: holders=390 2021Q4: holders=359 2022Q1: holders=351 2022Q2: holders=389 2022Q3: holders=410 2022Q4: holders=449 2023Q1: holders=465 2023Q2: holders=451 2023Q3: holders=471 2023Q4: holders=583 2024Q1: holders=575 2024Q2: holders=647 2024Q3: holders=602 2024Q4: holders=586 2025Q1: holders=585 2025Q2: holders=538 2025Q3: holders=560 2025Q4: holders=575 2026Q1: holders=565 2026Q2: holders=500 -119 -59.5 +0 +59.5 +119 95388680 18Q419Q320Q221Q121Q422Q323Q224Q124Q425Q326Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 15 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2025Q3 Top 20% -7.7% -21.0%
2024Q2 Top 5% -2.4% -24.8%
2023Q4 Top 5% -11.6% +8.1%
2023Q3 Top 10% +31.8% +16.1%
2023Q1 Top 20% +7.3% +19.9%
2022Q4 Top 10% -22.7% -36.4%
2022Q3 Top 10% +25.1% +38.3%
2022Q2 Top 5% +31.7% +49.4%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
232
Change in large funds
+5
Total value they hold
$32.8B
Funds buying for the first time
64
Funds that sold out entirely
129
Price change that quarter
-13.4%
Funds holding puts (bearish)
37
Funds holding calls (bullish)
39

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.