PDD Holdings Inc. (PDD) Major Shareholders
PDD shareholders at a glance
The largest holder of PDD stock is Baillie Gifford & Co., with 26.6 million shares (1.87% of the company), worth about $2.23 billion as of September 25, 2026. The 10 largest holders together own 12.5%.
In Q2 2026, 596 institutional holdings reports listed 453.0 million shares worth $33.20 billion, up 6.6% in shares from Q1 2026.
Major holders as of September 25, 2026; quarterly totals from institutional holdings reports (latest Q2 2026).
PDD Holdings Inc.
Shareholders Summary
2026Q2
Ownership by Type
Geographic Distribution
Largest PDD shareholders
| Holder | Shares | % of company | Value |
|---|---|---|---|
| Baillie Gifford & Co. | 26.6 million | 1.87% | $2.2B |
| H&H International Investment LLC | 25.0 million | 1.76% | $2.1B |
| Vanguard Capital Management LLC | 24.6 million | 1.74% | $2.1B |
| Invesco Advisers, Inc. | 22.2 million | 1.57% | $1.9B |
| BlackRock Institutional Trust Co. NA | 20.5 million | 1.44% | $1.7B |
| Goldman Sachs Asset Management LP | 14.0 million | 0.99% | $1.2B |
| BlackRock Life Ltd. | 11.4 million | 0.80% | $957.0M |
| Wuhan HongShan Huanxia Technology Co., Ltd. | 11.3 million | 0.80% | $953.0M |
| Himalaya Capital Management LLC | 10.8 million | 0.76% | $904.0M |
| State Street Corporation | 10.3 million | 0.73% | $865.0M |
As of September 25, 2026.
PDD institutional holdings by quarter
| Quarter | Reports | Shares | Value |
|---|---|---|---|
| Q2 2026 | 596 | 453.0 million | $33.2B |
| Q1 2026 | 651 | 425.0 million | $43.7B |
| Q4 2025 | 667 | 443.0 million | $50.2B |
| Q3 2025 | 655 | 414.0 million | $54.7B |
| Q2 2025 | 635 | 411.0 million | $43.0B |
| Q1 2025 | 682 | 456.0 million | $49.2B |
| Q4 2024 | 678 | 401.0 million | $39.6B |
| Q3 2024 | 698 | 433.0 million | $56.8B |
Shares and value held by institutions that file quarterly holdings reports (options not included).
Questions and answers
Who owns the most PDD stock?
Baillie Gifford & Co., with 1.87% of the company (as of September 25, 2026). Next: H&H International Investment LLC (1.76%) and Vanguard Capital Management LLC (1.74%).
How many institutions own PDD stock?
596 institutional holdings reports listed PDD shares in Q2 2026, 453.0 million shares in all worth $33.20 billion.
