PDD Holdings PDD
$83.03 −$0.92 (-1.10%)
Market closed · Nov 6, 8:20 pm ET · Last extended-hours $83.11 +0.10%
Open$82.83
Prev close$83.95
Day range$82.25 – $84.61
Volume6.51M
Market cap$118.18B
P/E (TTM)8.9
Dividend yield–
Ownership & positioning
Who holds it, who is betting against it, and where the big money is moving
Institutional ownership44.5%-0.44 pts vs. prior quarter
Institutions holding719-6 vs. prior quarter
Insider trades (recent)0 buys / 14 sellsNet selling
Short interest2.25% of floatDays to cover 5.7 · as of 15 Oct 2026
Short-sale volume share16.6%5-day average of daily volume
Short-sale volume as % of daily volume
Large-order net flow, last 20 sessions
Net of large-order buying minus selling, in USD. Over this window: +$7.76M (12 inflow days, 8 outflow days).
Net flow by order size, last 20 sessions
Super/Big orders approximate institutional-size trades; Mid/Small approximate retail-size trades. Net buy minus sell value in each bucket, summed over the window.
The five largest holders on file together own 51.3% of shares outstanding.
Largest holders
By investor type
Reported short interest has fallen from 2.42% to 2.25% of float over the last 6 biweekly reports (31 Jul 2026 to 15 Oct 2026).
Recent institutional activity
| Holder | Type | Period | Share change | New stake |
|---|---|---|---|---|
| Assenagon Asset Management S.A. | Mutual Fund | 2026/Q3 | +2,603,372 | 0.2% |
| Himalaya Management | Hedge Fund | 2026/Q3 | +6,153,119 | 0.8% |
| H&H International Investment, LLC | Mutual Fund | 2026/Q3 | +5,273,800 | 1.8% |
| Jane Street Group, LLC | Private Company | 2026/Q3 | +4,617,470 | 0.3% |
| The Goldman Sachs Group, Inc. | Public Company | 2026/Q3 | +4,482,029 | 0.9% |
| Orbis Investment Management Limited | Mutual Fund | 2026/Q3 | +3,609,514 | 0.4% |
| UBS Asset Management | Mutual Fund | 2026/Q3 | +3,277,315 | 1.0% |
| Capula Management Limited | Hedge Fund | 2026/Q3 | +1,897,365 | 0.1% |
| Invesco Capital Management LLC | Mutual Fund | 2026/Q3 | +1,891,925 | 1.5% |
| Alpine Investment Management Limited | Hedge Fund | 2026/Q3 | +1,567,264 | 0.1% |
| Australian Super | Government Pension Fund | 2026/Q3 | +1,454,534 | 0.2% |
| Holocene Advisors, LP | Hedge Fund | 2026/Q3 | +1,260,000 | 0.1% |
| First Beijing Investment Ltd. | Hedge Fund | 2026/Q3 | +1,228,254 | 0.7% |
| First Sentier Investors (Australia) IM Ltd | Mutual Fund | 2026/Q3 | +1,227,729 | 0.3% |
| Triata Capital Limited | Mutual Fund | 2026/Q3 | +1,129,297 | 0.2% |
Institutional buy/sell activity by reporting period, largest moves first.
Insider transactions
| Date | Insider | Title | Transaction | Shares | Price | Held after |
|---|---|---|---|---|---|---|
| 29 Mar 2026 | Ivonne M. C. Rietjens | Former Independent Director | Open Market Disposition | -560 | $99.59 | – |
| 29 Mar 2026 | Ping Leung Kam | Independent Director | Open Market Disposition | -1,533 | $99.43 | – |
| 17 Mar 2026 | Ivonne M. C. Rietjens | Former Independent Director | Initial Statement of Beneficial | +0 | – | 3,984 |
| 17 Mar 2026 | Yong-Boon Yeo | Independent Director | Initial Statement of Beneficial | +0 | – | 85,628 |
| 17 Mar 2026 | Haifeng Lin | Director | Initial Statement of Beneficial | +0 | – | 17,850 |
| 17 Mar 2026 | Zhenwei Zheng | Senior Vice President of Product Development | Initial Statement of Beneficial | +0 | – | 1,180,000 |
| 17 Mar 2026 | Junyun Xiao | Senior Vice President of Operation | Initial Statement of Beneficial | +0 | – | 1,881,000 |
| 17 Mar 2026 | Ping Leung Kam | Independent Director | Initial Statement of Beneficial | +0 | – | 5,310 |
| 17 Mar 2026 | Jun Liu | Officer | Initial Statement of Beneficial | +0 | – | 167,500 |
| 17 Mar 2026 | Jiazhen Zhao | Co-CEO & Co-Chairman of the Board | Initial Statement of Beneficial | +0 | – | 1,696,281 |
| 22 Sep 2025 | Jiazhen Zhao | Co-CEO & Co-Chairman of the Board | Intent to Sell (Form 144) | -40,000 | $128.57 | – |
| 2 Sep 2025 | Ping Leung Kam | Independent Director | Intent to Sell (Form 144) | -2,127 | $121.69 | – |
| 24 Mar 2025 | Ping Leung Kam | Independent Director | Intent to Sell (Form 144) | -1,553 | $128.12 | – |
| 29 Dec 2024 | Jiazhen Zhao | Co-CEO & Co-Chairman of the Board | Intent to Sell (Form 144) | -40,000 | $97.45 | – |
| 8 Dec 2024 | Jiazhen Zhao | Co-CEO & Co-Chairman of the Board | Intent to Sell (Form 144) | -16 | $99.89 | – |
| 24 Sep 2024 | Ping Leung Kam | Independent Director | Intent to Sell (Form 144) | -2,343 | $113.80 | – |
| 26 Mar 2024 | Jiazhen Zhao | Co-CEO & Co-Chairman of the Board | Intent to Sell (Form 144) | -20,000 | $120.10 | – |
| 25 Mar 2024 | Zhenwei Zheng | Senior Vice President of Product Development | Intent to Sell (Form 144) | -170,101 | $119.87 | – |
| 24 Mar 2024 | Ping Leung Kam | Independent Director | Intent to Sell (Form 144) | -2,392 | $122.99 | – |
| 7 Dec 2023 | Jiazhen Zhao | Co-CEO & Co-Chairman of the Board | Intent to Sell (Form 144) | -15 | $140.27 | – |
From Form 4/Form 144 filings. Negative share counts are disposals (sales, gifts, or shares withheld for taxes); positive are acquisitions.
Short interest, by report
| Report date | Shares short | % of float | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 32,096,005 | 2.3% | 5.7 |
| 30 Sep 2026 | 29,572,737 | 2.1% | 5.2 |
| 15 Sep 2026 | 28,248,886 | 2.0% | 4.1 |
| 31 Aug 2026 | 31,792,681 | 2.2% | 4.3 |
| 14 Aug 2026 | 30,134,634 | 2.1% | 5.6 |
| 31 Jul 2026 | 34,509,335 | 2.4% | 5.6 |
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