PDD Holdings Inc. - Depositary Receipt (Common Stock)
DE ˙ DB ˙ US7223041028
73,60 € 0,00 (0,00%)
2026-06-04
DEL PRIS
SecurityDE:9PDA / PDD Holdings Inc. - Depositary Receipt (Common Stock)
InstitutionMorgan Stanley
Latest Disclosed Ownership7,388,892 shares
Latest Disclosed Value $ 754,997,221
Morgan Stanley reports 24.21% increase in ownership of 9PDA / PDD Holdings Inc. - Depositary Receipt (Common Stock)

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 7,388,892 shares of PDD Holdings Inc. - Depositary Receipt (Common Stock) (DE:9PDA) valued at $625,100,263 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 5,948,846 shares of PDD Holdings Inc. - Depositary Receipt (Common Stock). This represents a change in shares of 24.21% during the quarter. The current value of the position is $540,866,894 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date
Effective
Date
Form Security Class ID Avg Price
Paid (Est)
Reported
Shares
ΔShares ΔShares
(%)
Reported
Value
(x1000)
ΔValue
(%)
Alloc
(%)
ΔAlloc ΔAlloc (%) Cost Basis
(x1000)
Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F PDD HOLDINGS SPONSORED ADS 722304102 7,388,892 1,440,046 24.21 754,997 11.93 0.0455
2026-05-27 2025-12-31 13F/A-1 PDD HOLDINGS SPONSORED ADS 722304102 5,948,846 -1,147,316 -16.17 674,540 -28.08 0.0403
2026-02-13 2025-12-31 13F PDD HOLDINGS SPONSORED ADS 722304102 5,948,846 -1,147,316 674,540 0.0403
2026-05-27 2025-09-30 13F/A-1 PDD HOLDINGS SPONSORED ADS 722304102 7,096,162 -1,039,647 -12.78 937,900 10.15 0.0568
2025-11-14 2025-09-30 13F PDD HOLDINGS SPONSORED ADS 722304102 7,096,162 -1,039,647 937,900 0.0568
2025-08-15 2025-06-30 13F PDD HOLDINGS SPONSORED ADS 722304102 8,135,809 1,969,081 31.93 851,494 16.67 0.0555
2025-05-15 2025-03-31 13F PDD HOLDINGS SPONSORED ADS 722304102 6,166,728 -2,471,940 -28.61 729,833 -12.89 0.0522
2025-05-15 2024-12-31 13F/A-1 PDD HOLDINGS SPONSORED ADS 722304102 8,638,668 -1,905,767 -18.07 837,864 -41.06 0.0587
2025-02-14 2024-12-31 13F PDD HOLDINGS SPONSORED ADS 722304102 8,638,668 -1,905,767 837,864 0.0587
2025-05-14 2024-09-30 13F/A-2 PDD HOLDINGS SPONSORED ADS 722304102 10,544,435 -1,432,339 -11.96 1,421,495 -10.73 0.1031
2025-02-14 2024-09-30 13F/A-1 PDD HOLDINGS SPONSORED ADS 722304102 10,544,435 -1,432,339 1,421,495 0.1031
2024-11-14 2024-09-30 13F PDD HOLDINGS SPONSORED ADS 722304102 10,544,435 -1,432,339 1,421,495 0.1031
2025-05-14 2024-06-30 13F/A-2 PDD HOLDINGS SPONSORED ADS 722304102 11,976,774 -545,134 -4.35 1,592,312 9.39 0.1232
2024-10-17 2024-06-30 13F/A-1 PDD HOLDINGS SPONSORED ADS 722304102 11,976,774 -545,134 1,592,312 0.1232
2024-08-14 2024-06-30 13F PDD HOLDINGS SPONSORED ADS 722304102 11,976,774 -545,134 1,592,312 0.1232
2024-10-17 2024-03-31 13F/A-2 PDD HOLDINGS SPONSORED ADS 722304102 12,521,908 668,235 5.64 1,455,672 -16.07 0.1168
2024-08-16 2024-03-31 13F/A-1 PDD HOLDINGS SPONSORED ADS 722304102 12,521,908 668,235 1,455,672 0.1168
2024-05-15 2024-03-31 13F PDD HOLDINGS SPONSORED ADS 722304102 12,521,908 668,235 1,455,672 0.1168
2024-08-16 2023-12-31 13F/A-1 PDD HOLDINGS SPONSORED ADS 722304102 11,853,673 2,781,276 30.66 1,734,311 94.93 0.1528
2024-02-13 2023-12-31 13F PDD HOLDINGS SPONSORED ADS 722304102 11,853,673 2,781,276 1,734,311 0.1528
2023-11-15 2023-09-30 13F PDD HOLDINGS SPONSORED ADS 722304102 9,072,397 -6,358,891 -41.21 889,730 -16.61 0.0905
2023-08-14 2023-06-30 13F PDD HOLDINGS SPONSORED ADS 722304102 15,431,288 -173,138 -1.11 1,066,919 -9.92 0.1052
2023-05-15 2023-03-31 13F PDD HOLDINGS SPONSORED ADS 722304102 15,604,426 8,523,055 120.36 1,184,376 105.09 0.1270
2023-02-14 2022-12-31 13F PINDUODUO SPONSORED ADS 722304102 7,081,371 547,927 8.39 577,486 41.24 0.0656
2022-11-14 2022-09-30 13F PINDUODUO SPONSORED ADS 722304102 6,533,444 -835,305 -11.34 408,862 -10.22 0.0557
2022-10-27 2022-06-30 13F/A-1 PINDUODUO SPONSORED ADS 722304102 7,368,749 1,779,205 31.83 455,390 103.12 0.0591
2022-08-15 2022-06-30 13F PINDUODUO SPONSORED ADS 722304102 7,368,749 1,779,205 455,390 0.0591
2022-10-27 2022-03-31 13F/A-1 PINDUODUO SPONSORED ADS 722304102 5,589,544 958,952 20.71 224,198 -16.95 0.0302
2022-05-13 2022-03-31 13F PINDUODUO SPONSORED ADS 722304102 5,589,544 958,952 224,198 0.0302
2022-02-14 2021-12-31 13F PINDUODUO SPONSORED ADS 722304102 4,630,592 357,344 8.36 269,963 -30.32 0.0333
2021-11-15 2021-09-30 13F PINDUODUO SPONSORED ADS 722304102 4,273,248 -1,877,405 -30.52 387,456 -50.41 0.0522
2021-08-23 2021-06-30 13F/A-1 PINDUODUO SPONSORED ADS 722304102 6,150,653 487,621 8.61 781,258 3.05 0.1031
2021-08-16 2021-06-30 13F PINDUODUO SPONSORED ADS 722304102 6,150,653 487,621 781,258 0.0214
2021-05-17 2021-03-31 13F PINDUODUO SPONSORED ADS 722304102 5,663,032 3,287,647 138.40 758,168 79.65 0.1114
2021-02-16 2020-12-31 13F PINDUODUO SPONSORED ADS 722304102 2,375,385 -65,188 -2.67 422,035 133.21 0.0652
2020-11-13 2020-09-30 13F PINDUODUO SPONSORED ADS 722304102 2,440,573 1,871,758 329.06 180,969 270.64 0.0350
2020-08-14 2020-06-30 13F PINDUODUO SPONSORED ADS 722304102 568,815 -85,874 -13.12 48,826 107.00 0.0108
2020-05-26 2020-03-31 13F/A-1 PINDUODUO SPONSORED ADS 722304102 654,689 -3,107,367 -82.60 23,588 -83.42 0.0064
2020-05-15 2020-03-31 13F PINDUODUO SPONSORED ADS 722304102 654,689 -3,107,367 23,588 1,812.0501
2020-02-14 2019-12-31 13F PINDUODUO SPONSORED ADS 722304102 3,762,056 -939,744 -19.99 142,282 -6.08 0.0331
2019-11-14 2019-09-30 13F PINDUODUO SPONSORED ADS 722304102 4,701,800 -4,108,463 -46.63 151,492 -16.65 0.0401
2019-08-14 2019-06-30 13F PINDUODUO SPONSORED ADS 722304102 8,810,263 8,309,709 1,660.10 181,756 1,364.24 0.0484
2019-05-15 2019-03-31 13F PINDUODUO SPONSORED ADS 722304102 500,554 471,054 1,596.79 12,413 1,775.08 0.0035
2019-02-14 2018-12-31 13F PINDUODUO SPONSORED ADS 722304102 29,500 20,838 240.57 662 191.63 0.0002
2019-04-23 2018-09-30 13F/A-2 PINDUODUO SPONSORED ADS 722304102 8,662 8,662 227 0.0001
2018-11-20 2018-09-30 13F/A-1 PINDUODUO SPONSORED ADS 722304102 8,662 0 227 0.0001
2018-11-14 2018-09-30 13F PINDUODUO SPONSORED ADS 722304102 8,662 227 0.0001
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.