PDD HOLDINGS INC (PDD) — Hedge Fund Ownership Q1 2026
PDD
- PDD HOLDINGS INC (PDD) is held by 7 of 84 tracked hedge funds, with Punch Card Management (16%) and Himalaya Capital Management (15%) holding the largest stakes, indicating limited hedge fund interest relative to peers.
- The biggest increases in PDD holdings came from H&H International Investment (+71%) and Dodge & Cox (+2%), highlighting conviction.
- The biggest decreases in PDD holdings came from Appaloosa Management (-49%) and Causeway Capital Management (-36%), suggesting profit-taking or de-risking.
- 1 hedge fund exited PDD.
- Overall, hedge funds increased exposure to PDD HOLDINGS INC (PDD) by +31% vs the prior quarter and +69% vs prior year.
| # | Fund | % of Portfolio † | Shares † | Shares vs Prior Quarter † | Shares vs Prior Year † | Aggregate Value † | Reported Price * | Option |
|---|---|---|---|---|---|---|---|---|
| 1 |
Punch Card Management Norbert Lou
|
15.67% | 415K | — | +35.29% | $42.4M | $102.18 | — |
| 2 |
Himalaya Capital Management Li Lu
|
14.71% | 4.6M | — | — | $470.8M | $102.18 | — |
| 3 |
H&H International Investment Duan Yongping
|
10.09% | 19.7M | +71.18% | +154.69% | $2.02B | $102.18 | — |
| 4 |
Appaloosa Management
|
1.55% | 900K | -49.30% | -79.41% | $92.0M | $102.18 | — |
| 5 |
Causeway Capital Management
|
0.30% | 237K | -36.16% | +123.75% | $24.2M | $102.18 | — |
| 6 |
Dodge & Cox
|
0.25% | 4.5M | +2.20% | — | $463.7M | $102.18 | — |
| 7 |
Oaktree Capital Management Howard Marks
|
0.01% | 5K | NEW | — | $492,814 | $102.18 | — |
| — |
Polen Capital Management
|
— | — | EXITED | — | — | — | — |
| 7 | Total | — | 30.5M | +31.36% | +69.01% | $3.11B | — | — |
* Reported price is not an actual purchase or sale price. It is the price as of the last portfolio date.
† Portfolio value, share counts, and period-over-period changes exclude options positions (PUT/CALL), which are shown in the Option column for reference only.
† Portfolio value, share counts, and period-over-period changes exclude options positions (PUT/CALL), which are shown in the Option column for reference only.