PDD Holdings Inc. - Depositary Receipt (Common Stock)
US ˙ NasdaqGS ˙ US7223041028

SecurityPDD / PDD Holdings Inc. - Depositary Receipt (Common Stock)
InstitutionDimensional Fund Advisors Lp
Latest Disclosed Ownership3,737,229 shares
Latest Disclosed Value $ 381,496,138
Dimensional Fund Advisors Lp reports 7.25% increase in ownership of PDD / PDD Holdings Inc. - Depositary Receipt (Common Stock)

On May 7, 2026 - Dimensional Fund Advisors Lp filed a 13F-HR form disclosing ownership of 3,737,229 shares of PDD Holdings Inc. - Depositary Receipt (Common Stock) (US:PDD) valued at $381,870,059 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 3,484,692 shares of PDD Holdings Inc. - Depositary Receipt (Common Stock). This represents a change in shares of 7.25% during the quarter. The current value of the position is $317,926,071 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)
2026-05-07 2026-03-31 13F PDD HOLDINGS SPONSORED ADS 722304102 3,737,229 252,537 7.25 381,496 -3.45 0.0171
2026-02-12 2025-12-31 13F PDD HOLDINGS SPONSORED ADS 722304102 3,484,692 57,813 1.69 395,136 -12.71 0.0829
2025-11-12 2025-09-30 13F PDD HOLDINGS SPONSORED ADS 722304102 3,426,879 119,738 3.62 452,671 30.74 0.0971
2025-08-12 2025-06-30 13F PDD HOLDINGS SPONSORED ADS 722304102 3,307,141 422,199 14.63 346,249 1.39 0.0802
2025-05-13 2025-03-31 13F PDD HOLDINGS SPONSORED ADS 722304102 2,884,942 212,040 7.93 341,498 31.86 0.0849
2025-02-13 2024-12-31 13F PDD HOLDINGS SPONSORED ADS 722304102 2,672,902 186,025 7.48 258,988 -22.90 0.0622
2024-11-07 2024-09-30 13F PDD HOLDINGS SPONSORED ADS 722304102 2,486,877 169,082 7.29 335,905 8.99 0.0815
2024-08-09 2024-06-30 13F PDD HOLDINGS SPONSORED ADS 722304102 2,317,795 190,199 8.94 308,190 24.61 0.0805
2024-05-10 2024-03-31 13F PDD HOLDINGS SPONSORED ADS 722304102 2,127,596 507,890 31.36 247,333 4.37 0.0670
2024-02-07 2023-12-31 13F PDD HOLDINGS SPONSORED ADS 722304102 1,619,706 897,853 124.38 236,973 234.80 0.0692
2023-11-09 2023-09-30 13F PDD HOLDINGS SPONSORED ADS 722304102 721,853 317,316 78.44 70,781 153.04 0.0232
2023-08-09 2023-06-30 13F PDD HOLDINGS SPONSORED ADS 722304102 404,537 570 0.14 27,973 -8.78 0.0089
2023-05-12 2023-03-31 13F PDD HOLDINGS SPONSORED ADS 722304102 403,967 -4,151 -1.02 30,666 92,827.27 0.0103
2023-02-09 2022-12-31 13F PINDUODUO SPONSORED ADS 722304102 408,118 3,218 0.79 33 -99.87 0.0098
2022-11-10 2022-09-30 13F PINDUODUO SPONSORED ADS 722304102 404,900 5,378 1.35 25,324 2.59 0.0097
2022-08-12 2022-06-30 13F PINDUODUO SPONSORED ADS 722304102 399,522 -210,529 -34.51 24,685 0.74 0.0089
2022-05-13 2022-03-31 13F PINDUODUO ADR 722304102 610,051 10,928 1.82 24,504 -29.86 0.0075
2022-02-09 2021-12-31 13F PINDUODUO ADR 722304102 599,123 21,059 3.64 34,935 -33.33 0.0106
2021-11-12 2021-09-30 13F PINDUODUO ADR 722304102 578,064 14,692 2.61 52,402 -26.83 0.0169
2021-08-12 2021-06-30 13F PINDUODUO ADR 722304102 563,372 125,268 28.59 71,618 21.99 0.0227
2021-05-14 2021-03-31 13F PINDUODUO ADR 722304102 438,104 60,034 15.88 58,710 -12.61 0.0194
2021-03-08 2020-12-31 13F/A-2 PINDUODUO ADR 722304102 378,070 69,509 22.53 67,181 193.67 0.0243
2021-02-11 2020-12-31 13F PINDUODUO ADR 722304102 378,070 69,509 67,181 24,262.2063
2020-11-12 2020-09-30 13F PINDUODUO ADR 722304102 308,561 74,981 32.10 22,876 14.05 0.0097
2020-08-13 2020-06-30 13F PINDUODUO ADR 722304102 233,580 116,597 99.67 20,058 376.44 0.0088
2020-05-14 2020-03-31 13F PINDUODUO ADR 722304102 116,983 116,983 4,210 0.0022
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.