Insider and congress filings
PDD Holdings Inc. (PDD)
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About PDD Holdings Inc.
from the company's filings and listing, as of Oct 24, 2026- Exchange
- NASDAQ
- Sector
- Consumer Cyclical
- Industry
- Specialty Retail
- Chief executive
- Lei Chen
- Employees
- 25,474
- Listed since
- Jul 26, 2018
- Market value
- $111.9B
- Price to earnings (12 mo)
- 7.9
- Net income per share (12 mo)
- $10.00in US dollars, from price and P/E
- Dividend yield
- -
Earnings
6 reported quarters · next on Nov 18, 2026| Quarter | EPS | EPS expected | Revenue | Revenue expected | Result |
|---|---|---|---|---|---|
| Q2 FY2026reported Aug 24, 2026 | $2.85 | $2.72 | $16.5B | $16.9B | EPS beatRevenue miss |
| Q1 FY2026reported May 27, 2026 | $1.38 | $2.40 | $15.4B | $15.9B | EPS missRevenue miss |
| Q4 FY2025reported Mar 25, 2026 | $2.53 | $2.98 | $17.7B | $17.8B | EPS missRevenue in line |
| Q3 FY2025reported Nov 18, 2025 | $2.96 | $2.21 | $15.2B | $17.6B | EPS beatRevenue miss |
| Q2 FY2025reported Aug 25, 2025 | $3.08 | $1.91 | $14.5B | $15.1B | EPS beatRevenue miss |
| Q1 FY2025reported May 27, 2025 | $1.56 | $2.49 | $13.1B | $14.3B | EPS missRevenue miss |
Actual against the consensus estimate at the time. A flag marks a beat or a miss of more than 1.5% either way; inside that band the quarter is in line. A flag reads n/a only when a number is missing. Quarterly EPS is the figure set against the consensus, usually adjusted, so the quarters need not add up to the 12-month net income per share above. An estimate is a forecast made by analysts, not a company target.
Institutional holders
13F positions as of Jun 30, 2026| Holder | Value | Shares | Shares vs prior qtr | % of shares out |
|---|---|---|---|---|
| BlackRock, Inc. | $2.4B | 31,969,893 | -18.9% | 2.27% |
| Baillie Gifford & Co | $2.0B | 26,594,535 | -6.2% | 1.89% |
| H&H International Investment, LLC | $1.9B | 25,022,094 | +26.7% | 1.78% |
| Vanguard Capital Management LLC | $1.9B | 24,646,256 | +2.2% | 1.75% |
| Invesco Ltd. | $1.7B | 22,228,242 | +58.6% | 1.58% |
| Goldman Sachs Group Inc | $1.1B | 14,006,939 | +44.3% | 1.00% |
| HSG Holding Ltd | $865.7M | 11,348,426 | 0.0% | 0.81% |
| Himalaya Capital Management LLCLi Lu | $820.9M | 10,761,119 | +133.5% | 0.77% |
| State Street Corp | $785.9M | 10,303,417 | -14.4% | 0.73% |
| Netease, Inc. | $729.7M | 9,566,480 | +7.9% | 0.68% |
| First Beijing Investment Ltd | $715.3M | 9,377,416 | +15.1% | 0.67% |
| Norges Bank | $712.3M | 9,338,120 | New | 0.66% |
A 13F reports long US equity positions and is filed within 45 days of the quarter end, so these are positions as they stood on Jun 30, 2026. New: not in this holder's prior 13F as reported; a change of filer ID can also show as new. For a manager's whole book see the fund directory. What a 13F covers and leaves out is explained in our guide to Form 13F.
Tracked fund managers holding PDD
2 managers| Manager | Value | Shares | Share of book |
|---|---|---|---|
| Li LuHimalaya Capital | $820.9M | 10,761,119 | 22.2% |
| Bracebridge Capital | $1.0M | 13,600 | n/a |
2 of the 97 fund managers we track list PDD shares among the largest positions in their latest 13F, filed for Q2 2026. A manager can hold it further down the book too, so this is a floor, not a count. Share of book is the position against the manager's whole disclosed 13F value.
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Open-market insider trades
3 filings shown · newest filing first| Insider | Action | Shares | Price | Value | Trade date | Delay (business days) |
|---|---|---|---|---|---|---|
| Anthony Ping Leung KamDirector | Sold | 1,705 | $82.20 | $140K | Sep 3, 2026filed Sep 4, 2026 | 1d |
| Anthony Ping Leung KamDirector | Sold | 1,533 | $99.43 | $152K | Mar 30, 2026filed Apr 1, 2026 | 2d |
| Ivonne MCM RietjensDirector | Sold | 560 | $99.59 | $56K | Mar 30, 2026filed Apr 1, 2026 | 2d |
One row is one filing, newest filing first. A filing that reported its trade in several tranches is summed, priced at the weighted average, and marked with its line count. The delay counts business days from the trade to the filing, the unit of Form 4's two business day deadline: weekends and federal holidays are skipped. How the filing itself works is explained in our guide to Form 4.
Other Form 4 activity (16)
| Insider | Event | Shares | Date |
|---|---|---|---|
| Anthony Ping Leung KamDirector | Stock award | 391 | Sep 1, 2026 |
| Anthony Ping Leung KamDirector | Option exercise | 3,410 | Sep 1, 2026 |
| George Yong-Boon YeoDirector | Stock award | 423 | Aug 1, 2026 |
| George Yong-Boon YeoDirector | Option exercise | 3,168 | Aug 1, 2026 |
| Mi WangSVP of Engineering | Stock award | 40,000 | Jul 1, 2026 |
| Jiazhen ZhaoCo-Chief Executive Officer | Stock award | 50,000 | Jul 1, 2026 |
| Lei (LC) ChenCo-Chief Executive Office | Other Form 4 entry (see filing) | 13,000,000 | Mar 18, 2026 |
| Jun LiuVP of Finance | Other Form 4 entry (see filing) | 10,000 | Mar 18, 2026 |
| Zhenwei ZhengSVP of Product Development | Other Form 4 entry (see filing) | 1,180,000 | Mar 18, 2026 |
| Mi WangSVP of Engineering | Other Form 4 entry (see filing) | 100,000 | Mar 18, 2026 |
| George Yong-Boon YeoDirector | Other Form 4 entry (see filing) | 329 | Mar 18, 2026 |
| Ivonne MCM RietjensDirector | Other Form 4 entry (see filing) | 337 | Mar 18, 2026 |
| Junyun XiaoSVP of Operation | Other Form 4 entry (see filing) | 1,881,000 | Mar 18, 2026 |
| Jiazhen ZhaoCo-Chief Executive Officer | Other Form 4 entry (see filing) | 50,000 | Mar 18, 2026 |
| Anthony Ping Leung KamDirector | Other Form 4 entry (see filing) | 334 | Mar 18, 2026 |
| Jiong LiFinancial Director | Other Form 4 entry (see filing) | 6,963 | Mar 18, 2026 |
Awards, option exercises, shares withheld to cover tax and gifts all file on the same form as a purchase or a sale. None of them is a decision to trade, so they sit here rather than beside the ones that are.
Congress trades in PDD
6 disclosures of 6 on record · median 25d of the 45 allowedSince the trade: the stock's move from the trade date to the latest close we hold (figures as of Oct 25, 2026), not the member's result. Not investment advice.
| Member | Type | Action | Amount disclosed | Stock since the trade | Trade date | Disclosed | Delay |
|---|---|---|---|---|---|---|---|
| Lisa C. McClainSpouse | Stock | Sale | $1,001 - $15,000 | -41.9%After the saleS&P 500 +11.7% · -53.6 pts vs S&P 500 | Oct 30, 2025 | Nov 21, 2025 | 22d |
| Lisa C. McClainSpouse | Stock | Purchase | $1,001 - $15,000 | -41.9%S&P 500 +11.7% · -53.6 pts vs S&P 500 | Oct 30, 2025 | Nov 21, 2025 | 22d |
| Lisa C. McClainSpouse | Stock | Sale | $1,001 - $15,000 | -41.4%After the saleS&P 500 +11.4% · -52.8 pts vs S&P 500 | Oct 31, 2025 | Nov 21, 2025 | 21d |
| Lisa C. McClainSpouse | Stock | Purchase | $1,001 - $15,000 | -22.2%S&P 500 +26.7% · -48.9 pts vs S&P 500 | Jun 9, 2025 | Aug 13, 2025 | 65d |
| Lisa C. McClainSpouse | Stock | Sale | $1,001 - $15,000 | -22.8%After the saleS&P 500 +26.0% · -48.8 pts vs S&P 500 | Jun 10, 2025 | Aug 13, 2025 | 64d |
| Lisa C. McClainSpouse | Stock | Purchase | $1,001 - $15,000 | -24.8%S&P 500 +21.8% · -46.6 pts vs S&P 500 | Jul 16, 2025 | Aug 13, 2025 | 28d |
Since the trade is an estimate, set beside the S&P 500 over the same window, with the gap between the two in percentage points. The filing carries a band, not a fill, and a sale keeps the stock's sign, so a positive figure after a sale means the stock kept rising after it. An option row carries the underlying stock's move. A row marked n/a is one we hold no figure for.
A delay above 45 days is the gap between the dates on the report; we mark a filing late only after checking it.
"Not captured" means the band or the transaction type on the original report is missing from our data.
"Dates conflict" marks a row whose disclosure is dated before its trade on the record we hold. Both dates are printed as filed, and no since-the-trade figure is computed from them.
Every Congress trade in PDD, filterable by party, chamber, type and account.
Questions
Are insiders buying or selling PDD?
Across the 3 most recent open-market filings shown here, 0 were purchases and 3 were sales.
Which members of Congress have traded PDD?
Lisa C. McClain disclosed PDD transactions in the filings shown here.
Is PDD in the S&P 500 or the Nasdaq 100?
PDD Holdings Inc. is a current member of the Nasdaq 100, per the membership list we hold as of Oct 26, 2026. Current members of either index get a page here whatever their filing history.
How quickly are PDD trades disclosed?
Insider filings on this page reached the public a median of 2 business days after the transaction (weekends and federal holidays skipped), against the two business days Form 4 allows. Congressional disclosures took a median of 25 days, against the 45 the STOCK Act allows.
How to read a Form 4
A DECISION THE INSIDER MADE
COMPENSATION PLUMBING
Congress rows disclose a value range rather than an exact amount, and the STOCK Act allows up to 45 days to report. Full sourcing and the limits of this data are on the methodology page. A filing is a record of a transaction, not a signal, and nothing here is investment advice.
Data as of Oct 26, 2026.