First Beijing Investment Ltd: PDD HOLDINGS INC (PDD): Quarterly 13F Position History
As of Q1 2026, First Beijing Investment Ltd reported 8,149,162 shares of PDD HOLDINGS INC (PDD), worth $832.7M and representing 35.9% of its 13F equity book. Quarter-over-quarter share count change: + 1,366,207 (+20.1%) . The position first appeared in Q2 2023 and has been disclosed across 12 13F-HR filings in Pactolio's tracked window.
- 8,149,162Shares Held (Latest Filing)
- $832.7MReported Market Value (Latest Filing)
- 35.9%Portfolio Weight (% of 13F Equity Book)
- +1,366,207Quarter-over-Quarter Share Change
- +$63.6MQuarter-over-Quarter Value Change
- 8,149,162Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 12 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 8,149,162 | +1,366,207 | +20.1% | $832.7M | 35.9% | $102.2 |
| Q4 2025 | 6,782,955 | +614,234 | +10.0% | $769.1M | 30.3% | $113.4 |
| Q3 2025 | 6,168,721 | +590,869 | +10.6% | $815.3M | 31.5% | $132.2 |
| Q2 2025 | 5,577,852 | +1,720,629 | +44.6% | $583.8M | 32.7% | $104.7 |
| Q1 2025 | 3,857,223 | +91,414 | +2.4% | $456.5M | 31.3% | $118.3 |
| Q4 2024 | 3,765,809 | +88,990 | +2.4% | $365.2M | 25.9% | $97.0 |
| Q3 2024 | 3,676,819 | +892,639 | +32.1% | $495.7M | 35.4% | $134.8 |
| Q2 2024 | 2,784,180 | +957,984 | +52.5% | $370.2M | 40.0% | $132.9 |
| Q1 2024 | 1,826,196 | +6,803 | +0.4% | $212.3M | 40.9% | $116.3 |
| Q4 2023 | 1,819,393 | 402,554 | -18.1% | $266.2M | 44.0% | $146.3 |
| Q3 2023 | 2,221,947 | +147,647 | +7.1% | $217.9M | 42.0% | $98.1 |
| Q2 2023 | 2,074,300 | — | — | $143.4M | 43.3% | $69.1 |
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 First Beijing Investment Ltd first disclose a PDD position in 13F-HR filings?
First Beijing Investment Ltd first reported PDD HOLDINGS INC (PDD) on its 13F-HR filing for the period ending 2023-06-30 (Q2 2023). The position has appeared on 12 reported quarters within Pactolio's tracked window.
What was First Beijing Investment Ltd's most recent quarter-over-quarter share-count change in PDD?
Between Q4 2025 and Q1 2026, First Beijing Investment Ltd added 1,366,207 shares of PDD (+20.1%), bringing the total reported position to 8,149,162 shares at a market value of $832.7M.
Does the implied price-per-share represent First Beijing Investment Ltd'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.