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

SecurityPDD / PDD Holdings Inc. - Depositary Receipt (Common Stock)
InstitutionSei Investments Co
Latest Disclosed Ownership449,686 shares
Latest Disclosed Value $ 50,989,583
Sei Investments Co reports 72.68% increase in ownership of PDD / PDD Holdings Inc. - Depositary Receipt (Common Stock)

On February 13, 2026 - Sei Investments Co filed a 13F-HR form disclosing ownership of 449,686 shares of PDD Holdings Inc. - Depositary Receipt (Common Stock) (US:PDD) valued at $50,989,896 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 13, 2025 disclosing 260,413 shares of PDD Holdings Inc. - Depositary Receipt (Common Stock). This represents a change in shares of 72.68% during the quarter. The current value of the position is $38,403,184 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)
2026-02-13 2025-12-31 13F PDD HOLDINGS SPONSORED ADS 722304102 449,686 189,273 72.68 50,990 48.14 0.0503
2025-11-13 2025-09-30 13F PDD HOLDINGS SPONSORED ADS 722304102 260,413 50,261 23.92 34,419 56.49 0.0370
2025-08-14 2025-06-30 13F PDD HOLDINGS SPONSORED ADS 722304102 210,152 -144,328 -40.72 21,995 -47.57 0.0255
2025-05-14 2025-03-31 13F/A-1 PDD HOLDINGS SPONSORED ADS 722304102 354,480 81,312 29.77 41,953 58.35 0.0540
2025-05-13 2025-03-31 13F PDD HOLDINGS SPONSORED ADS 722304102 275,277 2,109 26,898 0.0293
2025-02-11 2024-12-31 13F PDD HOLDINGS SPONSORED ADS 722304102 273,168 37,689 16.01 26,494 -16.54 0.0340
2024-11-12 2024-09-30 13F PDD HOLDINGS SPONSORED ADS 722304102 235,479 -262,758 -52.74 31,745 -52.08 0.0412
2024-08-13 2024-06-30 13F PDD HOLDINGS SPONSORED ADS 722304102 498,237 282,199 130.62 66,240 163.76 0.0938
2024-05-07 2024-03-31 13F PDD HOLDINGS SPONSORED ADS 722304102 216,038 -49,658 -18.69 25,115 -35.40 0.0368
2024-02-14 2023-12-31 13F PDD HOLDINGS SPONSORED ADS 722304102 265,696 135,453 104.00 38,874 204.37 0.0624
2023-11-14 2023-09-30 13F PDD HOLDINGS SPONSORED ADS 722304102 130,243 18,989 17.07 12,773 66.04 0.0230
2023-08-11 2023-06-30 13F PDD HOLDINGS SPONSORED ADS 722304102 111,254 -157,054 -58.53 7,692 -62.23 0.0134
2023-05-12 2023-03-31 13F PDD HOLDINGS SPONSORED ADS 722304102 268,308 209,237 354.21 20,365 322.75 0.0378
2023-02-10 2022-12-31 13F PINDUODUO SPONSORED ADS 722304102 59,071 -35,020 -37.22 4,817 -18.19 0.0107
2022-11-14 2022-09-30 13F PINDUODUO SPONSORED ADS 722304102 94,091 9,148 10.77 5,888 12.17 0.0131
2022-08-15 2022-06-30 13F PINDUODUO SPONSORED ADS 722304102 84,943 41,742 96.62 5,249 202.89 0.0113
2022-05-13 2022-03-31 13F PINDUODUO SPONSORED ADS 722304102 43,201 4,859 12.67 1,733 -22.46 0.0035
2022-02-14 2021-12-31 13F PINDUODUO SPONSORED ADS 722304102 38,342 0 0.00 2,235 -35.70 0.0042
2021-11-12 2021-09-30 13F PINDUODUO SPONSORED ADS 722304102 38,342 -49 -0.13 3,476 -28.71 0.0073
2021-08-06 2021-06-30 13F PINDUODUO SPONSORED ADS 722304102 38,391 2,501 6.97 4,876 1.48 0.0108
2021-05-12 2021-03-31 13F PINDUODUO SPONSORED ADS 722304102 35,890 -55,562 -60.76 4,805 -70.43 0.0121
2021-02-08 2020-12-31 13F PINDUODUO SPONSORED ADS 722304102 91,452 68,812 303.94 16,248 867.72 0.0420
2020-12-04 2020-09-30 13F/A-1 PINDUODUO SPONSORED ADS 722304102 22,640 -11,923 -34.50 1,679 -43.41 0.0049
2020-11-06 2020-09-30 13F PINDUODUO SPONSORED ADS 722304102 22,640 -11,923 1,679 4,042.6587
2020-08-17 2020-06-30 13F/A-1 PINDUODUO SPONSORED ADS 722304102 34,563 0 0.00 2,967 138.31 0.0092
2020-05-14 2020-03-31 13F PINDUODUO SPONSORED ADS 722304102 34,563 34,563 1,245 0.0046
2019-08-14 2019-06-30 13F PINDUODUO SPONSORED ADS 722304102 0 -37,542 -100.00 0 -100.00
2019-05-15 2019-03-31 13F PINDUODUO SPONSORED ADS 722304102 37,542 4,366 13.16 931 6.77 0.0031
2019-02-13 2018-12-31 13F PINDUODUO SPONSORED ADS 722304102 33,176 0 0.00 872 0.00 0.0031
2018-11-08 2018-09-30 13F PINDUODUO SPONSORED ADS 722304102 33,176 33,176 872 0.0032
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.