CAT ROCK CAPITAL MANAGEMENT LP: PDD HOLDINGS INC (PDD): Quarterly 13F Position History
As of Q1 2026, CAT ROCK CAPITAL MANAGEMENT LP reported 440,228 shares of PDD HOLDINGS INC (PDD), worth $45.0M and representing 7.0% of its 13F equity book. Quarter-over-quarter share count change: 5,000 (-1.1%) . The position first appeared in Q1 2024 and has been disclosed across 9 13F-HR filings in Pactolio's tracked window.
- 440,228Shares Held (Latest Filing)
- $45.0MReported Market Value (Latest Filing)
- 7.0%Portfolio Weight (% of 13F Equity Book)
- 5,000Quarter-over-Quarter Share Change
- -$5.5MQuarter-over-Quarter Value Change
- 822,714Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 9 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 440,228 | 5,000 | -1.1% | $45.0M | 7.0% | $102.2 |
| Q4 2025 | 445,228 | 0 | — | $50.5M | 7.2% | $113.4 |
| Q3 2025 | 445,228 | 8,000 | -1.8% | $58.8M | 7.3% | $132.2 |
| Q2 2025 | 453,228 | 222,186 | -32.9% | $47.4M | 6.0% | $104.7 |
| Q1 2025 | 675,414 | 147,300 | -17.9% | $79.9M | 10.6% | $118.3 |
| Q4 2024 | 822,714 | +132,555 | +19.2% | $79.8M | 10.4% | $97.0 |
| Q3 2024 | 690,159 | +16,000 | +2.4% | $93.0M | 10.5% | $134.8 |
| Q2 2024 | 674,159 | +170,659 | +33.9% | $89.6M | 10.0% | $132.9 |
| Q1 2024 | 503,500 | — | — | $58.5M | 6.7% | $116.3 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did CAT ROCK CAPITAL MANAGEMENT LP first disclose a PDD position in 13F-HR filings?
CAT ROCK CAPITAL MANAGEMENT LP first reported PDD HOLDINGS INC (PDD) on its 13F-HR filing for the period ending 2024-03-31 (Q1 2024). The position has appeared on 9 reported quarters within Pactolio's tracked window.
What was CAT ROCK CAPITAL MANAGEMENT LP's most recent quarter-over-quarter share-count change in PDD?
Between Q4 2025 and Q1 2026, CAT ROCK CAPITAL MANAGEMENT LP reduced its PDD position by 5,000 shares (-1.1%), leaving 440,228 shares at a market value of $45.0M.
Does the implied price-per-share represent CAT ROCK CAPITAL MANAGEMENT LP's cost basis in PDD?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.